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Mercedes-Benz E-Class Lease Questions
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If anyone has the correct info please pass it along ASAP.
Thanks
I am getting the exact car that you got, MSRP $54175 except I need 15,000 miles on it. Do you mind tellling me how much you paid and which dealership? Were you able to get it lower than $639.xx and that was tax included, right? Please advise. Thanks
Here is the deal I was offered:
2010 E350 coupe, Arctic White, P1
49K (he said invoice was 49 and some change, this is supposedly w/ employee discount)
48 months
48% residual
Money factor .00330
Texas tax credit 1.5% (instead of 6.25% ends this monthper FM)
Maintenence plan $769.00
2,000 down+ first month payment $753 due
Please advise...I think the MF is too high, I did not want to put anything down, and I wanted 36-39 months. I have Tier 1 credit score of 740.
Can you mind telling me who your broker is? Looking for an excellent deal like yours. I am in S. Cali. Thanks
The price (692.84) you quoted, was it taxes included? I am in Cali which has a crazy tax rate of 9.25%. Please advise. thanks
10,000 miles/yr
39 month lease
$799 month (tax included)
$2800 initial payment including everything (first month, title, doc etc.)
The MSRP on everything is $64.015. I get the car for $56,000
The options are:
Black on Black MB tex
Premium 1 and 2 packeges
Amg 18'' Wheel Package including sport steering wheel.
Chrome door handles
Rear Deck Spoiler
Parktronic with Parking Guidance
Panorama Sunroof
Drive Dynamic Multicontour Driver Seat
Rear Seat Entertainment Sytem
I just want to know if im getting a good deal and if i should pull the trigger. This is my first time leasing at mercedes benz. Thank you in advance.
Went to Another dealer and got this:
39 month lease
10,000 miles a yr
MSRP- $60,145
Neg. Price- $54,707
Initial due at signing- $2662
Monthly- $749 NJ 7% Included
Options- Premium package 2 and panorama roof and almond leather seats.
Residual- 57%
Money Factor- .00220
I know this has less options but its also $50 cheaper a month which is good.
$46500 sale price
.0022 residual
15000 miles
$1089 drive off
$738 including 7percent fl sales tax.I am considering waiting another month for lower money factor. I got spoiled with my 08 E class as I have a .0011 :-)
assuming a money factor of .0022, a 15,000 mile residual of 57% and no cap cost reduction (ie. downpayment), these numbers don't seem to work on my spreadsheet unless they are selling you the car for more than $46,500, or are selling you the car for $46,500 and adding other fees to the lease. Acutally it lookes like they are giving you the car for MSRP less $2,200. I also assume that the $1,089 "drive off" includes first payment of $738 leaving $351 in other fees.
I think you may need more details on the deal. I just leased a $54,145 msrp e350 in july with $3,500 down and $562/mo, inlcuding 6% Fl. sales tax.
Thanks,
Chintan
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P1 Package
Sport Package
Pano Roof
39 Months/ 15k Year
Only First months & Registration up front
749/Month (Taxes and Fees rolled in)
What you think?
Shop around and negotiate a selling price that's as close to dealer invoice minus the $3,000 dealer cash that is currently available on this car as possible.
Car_man
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Car_man
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When negotiating your deal, make sure to take advantage of the $1,500 dealer cash that is currently available on this model.
Savvy consumers who are in an area that has a decent level of competition are usually able to negotiate lower selling prices than TMV.
Car_man
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$1350 drive off, $796 per month (including optional prepaid maintenance for $16 more per month)
I am not a math genius so I dont know about money factors and those stuff.
thanks.
We just leased a 2010 E350 P2, wheel pkg and pan.roof, msrp 57645, invoice was 54172 and got it for 48750, 39 month lease 15k miles per year zero down.
we had 2 choices, the numbers are
$1497 driveoff with bank fee added to monthly payment and monthly is 763.54 (including 9.75% CA tax)
or
$2558 driveoff with bank fee included and the monthly is 732.59 (including 9.75% CA tax)
and if you want pre-pay maintenance plan then is $16.9 per month.
we chose 2nd choice and add pre-pay maintenance to our monthly payment, so our monthly payment is $750 after tax
Vehicle is at Jackie Cooper Mercedes in Tulsa, OK.
Considering any promotions currently available, what would be the lowest payment possible??
I just leased new 2010 E350 today. Thanks to your postings and thoughts, I got this with decent payment. I got E350 4 matic with p1 ($55,925). $2,000 out of pocket, $595/month for 39 month term. Mine is artic white and black interior with sport package. It looks young and great!!!!! I live in Pennsylvania close to main line. If you are looking for E class and interested in this deal, you can send an email to jonkang58@yahoo.com. I will inform you which dealer and sales person. Purchase process was smooth and the sales person is clear in conversation. I appreciate you, Car man and other peoples.
2010 E350 P1, wood steering & fold down seat.
Msrp $55,155
Neg $44,850 including $4475 MB incentive
MF .0018 doing 7 MSD and auto pay
Down $1,500 includes 1st month payment
Monthly payment $598.00 39 month 15k/yr
Hope this help.
thanks
1) Can you please explain the 4475 in MB incentives?
2) Can you please explain the 7 MSD? How much did you pay?
3) How did you get the $1,500 down payment number (598 towards first month and 902 towards...)?
Thank you!
MSD is to buy down money factor, Mercedes allows 10 MSDs, 1 MSD will lower the money factor by .00007 so 10 will lower the MF by .007, dont have to do all 10, it is really up to you. MSD payment is base on the original lease amount rounded to the next $50, so if your payment is $651, it will be $700/MSD.
$1500 is 1st payment, DMV and all misc. In my case, it is close to $1200, I just let the remaining roll into cap reduction.
I don't think we are allowed to post the name of the salesperson. But what I did is made a quote request through Edmunds. Or you can remove the private setting on your email so I can send you PM.
Thank you for your help!
1) I still need some additional education on the fine points of MSDs. I think that I understand the concept of how MSDs impact the money factor and how to calculate the $/MSD (i.e. in your example, 10MSDs=$7000?). However, when you refer to the original lease payment, do you mean the payment before or after taxes? Also, are you taxed on the gain from this scenario (at this point, the ROI from the MSD looks crazy good...).
2) Is the $4475 for all regions? I have received conflicting information.
Many thanks again! I enjoyed the first part of the lesson.
I use leaseguide.com to do all calculation.
As for $4475, I just read it on the other Forum, and it seems to work, because when I received my initial quote early August($3000 incentive), I cannot bargain for more, but when I told the manager that I read that the new incentives was $4475. He didn't complain.
I want to lease the above car, with most packages, and an MSRP or just over $78,000. Have checked the TMV and am starting to get some pricing. Not too many 550 Cabrio's to choose from in Seattle, but there are certainly tons in L.A. Will dealers do swaps on a new model, and out of market?
Credit is 700, but I have cash and need a large write off this year. I am thinking about a 2-year lease pre-pay on a 3 year lease.
Does the pre-pay component affect the MF? If so, how?
Thanks very much.
Any answers for the above questions?
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Specifically on the E550 Sedan, it has $3,000 dealer cash plus an additional $1,300 cash incentive on leases through Mercedes-Benz Financial.
Car_man
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Car_man
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Thanks!
Mercedes is not currently providing any lease support on the E63. As a result, if you were to lease one through Mercedes-Benz Financial right now, you would have to use its standard lease program. I believe that its standard money factors vary by region. Here's an example of what a standard program on this car would look like right now.
MB Financial's September buy rate lease money factor and residual value for a 36 month lease of a 2011 E63 with 15,000 miles per year are 00240 and 58%, respectively.
This car's residual value would be 2% higher if you were to lease with only 12,000 miles per year.
Mercedes is not currently providing any cash incentives on it.
Car_man
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I consider 2011 Mercedes E350, despite poor MPG, and yr into seies. What is current MF for 2 or 3 yr lease, 12000 miles, and acquisition fee?
For MSRP $55,565, price ofered $49,4400, I'm offered 2 yr 12000 miles,monthly $575 plus tax, with $3495 drive off. I assume that includes first month, Calif DMV, acquisition fee-- sounds like perhaps $1200 cap reduction. I want no cap reduction, and want to give maximum refundable security deposits
Do you have the lease rates for the 2010 E350 and E550 sedan for 39 months with 15k miles per year? Is the retail cash, lease cash, and option credit still available from last month?
Based on a dissection of the lease offer on the Mercedes-Benz website, the residual should be 61% and money factor of .00219, which would be the same terms as last month.