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Mercedes-Benz E-Class Lease Questions
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Lots of folks have mentioned the conquest rebate of $4K for owners of BMW, Audi etc. What does the dealership check for? Does the vehicle registration be on the same name and address as the new buyer? Or is it ok that a family member (wife or brother) has a BMW ? Thanks for all the help. This is a great forum.
sounds like a great deal. Can you confirm the residual and MF and who was it at hoi that did the deal so I can go in and try to get the same.
By the look of your car it appears like you got P2 and a bunch of extras?
I'm thinking if I got just p1 and a few less things i could probably get off a little cheaper. The deal was done in August with the new #'s right?
thank you
Would you be able to tell me if any of the following discounts can be combined together?
Conquest Cash($4k), Owner Loyaly($1.5k), USAA($4k)
Thanks...Alex
I will email you the name of the sales person
2011 E350 4Matic, sport. Prem 1, rear spoiler, 18"AMG, Fold Down back seat.
47.500 Sale price (USAA eligible)
900 down (first and tags)
609 a month.
33 months 15K per
MB White Plains, ask for Jen.
What was the msrp and residual?
thank you
can you give me the following
e350 24 and 36 month rates and money factors?
I would also like the rate on bluetec.
thank you
I just wanted to post some money factor info. I have been speaking w/ So. Cal. MB dealer about 24 mo. lease on E350 bluetec. Based on a quote I received, the buy rate for August is 0.00210, and drops to 0.00200 with auto-pay. However, they would not discount more than $6500 from MSRP. They even tried to mark up the MB bank fee by $200.
Good luck to all...Alex
sale price after negotiation and USAA 47,400 + Tax
Residual 63% MF 0.00230 (I think)
I pick up the car on the 29th!! Added in the Wheel/Rim coverage (1100), Tint (50%)(350) and rubber mats (125), and maintanence into lease(don't know how mych they charged fro maintanence but it came to 10 a month), Makes payment 650.02/mo for 33 months.
If I was in the market for this car right now in an area that has a decent level of competition, I personally would shoot for a selling price of $500 to $1,000 over invoice minus whatever cash incentives I was eligible for.
Car_man
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Car_man
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Also, any other options other than P1?
Price looks like right at or below invoice, how'd you manage that?
Thanks!
The residual values for these cars are as follows: '11 E350 Sedan 69% for 24 months and 54% for 36 months. The numbers for the 350 Bluetec are 75% / 59%.
Car_man
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What about this Customer Advocacy dealer cash? Can this be combined with any of those other incentives?
Thanks...Alex
Is the residual calculated on the MSRP of the car or the final sale price?
It looks like the 24 months @ 75% residual on bluetec is the way to go.
thx
I keep getting called by my local MB dealer to come in and trade my car for a newer one, so wanted to get some feedback on what payments I should be expecting with my situation so I dont get screwed again, including any and all incentives MB is currently offering for a returning customer. Looking to trade it in for a new E-class... I reeeally would appreciate your help, thanks in advance.
Here are the details of my current deal:
Bought my car: 8/2009
Current Monthly Payment: $915
Present Payoff Quote as of 8/2011: $39,821
Days Remaining on Contract: 801 days
I have checked out all of your payment quotes, so Im wondering how much different mine will be...
Thank you !!!
MSRP = $55,435
Sale Price = $48,266 (Invoice plus $150 with Conquest Discount of $4,000)
Residual = 63%
Money Factor = 0.0025
Trade In = $4,000
Acquisition Fee = $795
Payment = $467.60 (Depreciation and Finance Fees Only)
All other fees, including 36 month maintenance for $769, are being paid up front. The maintenance fee was residualized at the 63% rate to increase the residual value decreasing the depreciation fee by almost $15 a month. Total out of pocket including first month payment is $2,949.13.
Total cost over the lease period dropped about $5,000 by reducing from a 36 month lease to a 33 month lease.
Watch the lease calculations closely. The program that the dealer was using would pull any fees and the first payment from the down payment or trade in by default. I had to provide calculated values for the up front payment in order to get the lease to calculate properly. This default is in their best interest as you pay additional financing fees on that money. I suggest reading www.leaseguide.com very closely before dealing.
Then, tax on the $467.60?
Just asking.... might have to put this one on the list..
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$2000 out the door including 1st mo payment
$620 plus tax monthly.
What do you guys think of the deal?
Looking for a baseline for reasonableness for when I go in. Can anyone help?
Car_man
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Car_man
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I used the maximum (10) multiple security deposits to bring down the money factor...effectively, a loan to Mercedes for two years...and then I get that money back. I was eligible for the conquest $4000...but the real key to this deal was the incredibly high 77% residual on a 12k miles/yr 24 month lease.
Dealer charged $1095 lease origination fee...so I guess they marked it up, but I think this might have been the last 2011 bluetec in the state and conquest money ends 8/31 so I just bit the bullet and paid it.
The reduction in money factor by Mercedes Finance is .00007 for each security deposit. Each finance company calculates the "security deposit" amount differently. Mercedes figures out your lease, assuming the number of multiple security deposits you want to pay and then you will pay the full amount of the monthly charge calculated times the number of security deposits you said you would pay.
That's probably confusing....so let me explain with numbers
If you tell the finance person that you want to make 10 security deposits, they will reduce the August money factor (tier 1 credit) from .0024 to .0017 and calculate the monthly payment including your local tax. You then will leave 10 monthly payments as a loan to Mercedes finance for the life of the lease.
If you do this, I recommend paying the lease origination fee up front as well for two reasons. You won't have to pay 4% on that fee...but perhaps more important, the calculated monthly payments will go down and you will have to loan mercedes less as multiple security deposits.
Many ways to play this, depending on your personal financial situation. If you are paying 20+% on your credit card loans, none of this makes any sense....go pay off your credit card. If you have cash sitting in a bank or in a CD and won't need it for the life of the lease, why not put it into multiple security deposits where you will effectively earn more than 10% on that money.
How does Mercedes handle their end of lease options?
Thank you
The numbers for an otherwise identical 30 month lease are .00192 and 62%.
It's possible that Mercedes is allowing consumers to lease vehicles for 33 months using its 30 month program this month if it qualifies for its "Value Added" program.
Car_man
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Based on your post, it appears that the residual values for September are 2% lower than in August for that E350? Can you please confirm this? Is this decreased on the E350 BT as well?
Thanks...Alex
The last time that I checked, MB Finance did indeed offer a one pay option that provided a .00110 money factor reduction to consumers who choose to go that route.
Car_man
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Car_man
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Downpayment/ inception $2800
Miles /year 10k
Payment $569.00 tax included
Msrp $59,625 p02 premium package
I am hesitant to pullnthe trigger based on the numbers I am seeing posted does anyone have any thoughts? Thanks for any input.
First, the payment should be the first month's monthly lease payment and registration fees. Something else is obviously in that $2800.
Second: What is your dealer charging for an acquistion fee. Mercedes finance charges $795 but many dealers give themselves another $300 profit and try to charge $1095 (I'll let you decide and negotiate which you want to pay).
The money factor for that car is .00194 and the residual value for September should be 77% of the sticker MSRP on the car. for a 10k/year lease....and that's what your dealer should be using (some try to play with these numbers).
What is the negotiated price you're paying for the car (how much are they giving you off the sticker price)?
I just ran your rough numbers...assuming 8K off MSRP, $795 acquisition fee and a dealer prep of $695 (what I paid) and your payment without tax and paying only the first month lease and registration fees up front...rolling all other fees into the lease....I come up with approx $510/mo plus tax.
BTW...if you have about $4500 that you're willing to loan Mercedes as "multiple security deposits", your monthly payment would go down to about $442/mo plus tax AND you will get that $4500 back at the end of the 24 month lease...it is a security deposit, not a down payment.
I would think I would aim at about $550/mo including tax with your first payment being only the $550 (first months lease payment) plus the registration/transfer fees and any nuisance fees like tire/battery disposal fees, etc. if there are any. No other money paid up front. This would assume that any acquisition fee/bank fee/dealer fee are part of the lease...not paid up front.
Actually, if it were really me, I'd loan them the $4500 (10 multiple security deposits) which earns almost nothing sitting in a bank but would save me about $1700 over the 24 months by letting it sit in mercedes bank account instead of mine.
Give it a try....it's a great car and even if you wind up paying a bit more, it's a great deal due to that $4000 Conquest contribution and the incredibly high residual.
Thanks
The other difference is that most of the deals discussed here are from folks who qualify for the "Conquest" $4000 deal which is based on the car you are coming from....that makes a very big difference in a lease....bringing the monthly payment down roughly $170/mo on a 24 mo lease for those who qualify. For the deal just discussed above, it would be about $730 a month for any gas e350.
Finally, some of us take multiple security deposits to further reduce the cost of the lease. It's a great deal, but the option is poorly understood by both the dealers and buyers, so few do it. I am saving $1700 on my lease by loaning Mercedes about $5000 for two years...I get that money back. That's a great return on my money which would otherwise sit in a bank earning about 1% today, if I'm lucky.
I am looking at 33 mo lease, w 10k miles. Still payments are coming out to around 620 mo. W about 4500 at closing due. Still seems high to me.
I have a GL450 loaded 2007 w 75k miles I bought from them. Haven't even discussed trade yet, owe 26k on it.
Look forward to your response thanks for your help.
Most of us are getting roughly $4K off MSRP plus the $4K conquest money for a total of $8K or more off any of the 2011 e class cars....some are getting a bit more. What is the MSRP for the car you are considering...and what will the dealer sell it to you for (your negotiated price). What is the dealer charging for the acquisition fee/bank fee....and what are they charging for "administrative fees"?
I had 11 months left on a 2009 Infiniti G37x Coupe payyoff was $32,435 11 payments on a 3 year lease of $563.00 per month. The MB dealership paid off my car IN FULL.
Manheim's Best price for Solds was 26k.
I took advantage of the MB 10 security deposit that I learned about on Edmunds.
I leased a 2011 MB E350 4 Matic Sport Model P1 with Panoramic roof stick $59,640
24 months / 30k miles
$1686.00 out of pocket (First month, Acquisition, tax, plate transfer)
23 more payments of $619.00 I have leased allot of cars and worked deals really hard.
But Im Sure this is this one takes the cake ...
I contacted 5 other MB dealerships and they all told me NO WAY !!!
I am burning GAS and this vehicle is an amazing machine.
Automotive Marc ...