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Mercedes-Benz E-Class Lease Questions
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2011 E350 4matic, P1, AMG wheel package, split folding rear seats, sport package
Took advantage of 10 security deposits (dealer had never done that before, took some calling around)
33 month lease, 12k/year
MSRP $58,695
Negotiated price with Conquest: $48,695
Drive off: $859 (First monthly payment, Title/License/Registration)
Monthly payment: 463.59 plus tax
Residual (64%): $37,564
1. For each security deposit, I have heard that you receive 0.00007 reduction in MF. Is this what you received? So for 10 security deposits MF=0.00170 (~4% interest), correct?
2. If you elect to pay multiple security deposits, is the money held with the leasing dealer or MB finance? The reason for my query is that we may move, so we would likely return the car to an MB dealer in a different state.
Cheers!
Car_man
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Cheers!
Can you please provide the MF's and RV's for the following leases on a 2011 E350 Bluetech?
1. 24month/12k miles per year
2. 33month/12k miles per year
3. 33month/15k miles per year
Cheers!
2011 E350 4matic
Package 2
Panoramic Roof
Parktronic
Rear Spoiler
Split Folding seat
Heated front seats
3years of maintenance
Sport Package
33months
12k miles
4,200 down (including taxes)
Monthly payments. 509 Per month.
Let me know what you guys think..
Thanks,
eligible to receive the $4000 credit for the conquest program if I lease another E350 ?
Thanks
You would not be able to combine that with the mercedes loyalty rebate though.
I will however observe that you paid $4200 down...and if any of that was used to reduce the captal cost of the car, thus reducing the montly lease payment, you should have used that money to make Multiple Security deposits instead of a down payment.
Generally, if you are leasing, you should drive off paying only the first month's lease payment plus any title/registration fees and taxes required by law...and everything else should be rolled into the lease.
Thanks
Did you check into the residuals on the 33 month lease? Does your lease include maintenance?
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My lease does not include maintenance, but at the time, I did not know that I could residualize the maintenance cost (unique to Mercedes). A few days after I had the car, my dealer and I discussed how to handle the fact that they didn't tell me that there was a maintenance package I could buy and residualize. As a result, I now have the 20K mercedes maintenance package which I paid for as if it were part of the lease...although I paid for it outside of and after I signed the lease. (complicated, but it worked out fairly).
I also took the maximum 10 multiple security deposits and I was eligible for the $4000 conquest money. I paid first month lease plus actual registration transfer fee up front.
Of course, out of 30 E-Class at my local dealers, not one diesel....
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I just got into a 2011 E350 Bluetech, in So Cal. Here's my deal. Any thoughts are appreciated.
2011 E350 Bluetech
24 mos lease
12,000 mls/yr
Mrsp 57,165
Selling price 50,000 (duscount incl 4,000 conquest cash)
Cap cost 50,795 (incl acq fee of 795)
Residual 76%
MF .00155 (.00225 less .0007 for 10 MSD)
Tax rate 7.75%
Msd 5,500
Down 950 (1st mo pymt, DMV, doc fees)
Total 6,450
Per mo $488 (453 plus 35 tax)
Any better deals out there? Thx
Thanks for all your help
Can you please provide the MF's and RV's for the following leases on a 2011 E350 4Matic?
1. 33month/7.5k miles per year
2. 33month/10k miles per year
2. 33month/12k miles per year
Thanks
Do you know, if I buy the car in NJ, will I be able to take advantage of it there?
Thanks for all your help.
I'm sure that a lot of dealers in NJ are familiar with this... I'd start making some phone calls.....
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33M/10K - RV: 65% MF: (got two different numbers) .00200 and .00192
Both dealers told me that if I do autopay it drop .00010
Would still like to find out the numbers on other 7.5k and 12K.
Will update, if I find out more
I have excellent credit. The dealerships tell me "we have to mark up our buy rate -- that is what WE pay -- we aren't taking advantage of you, but we have to make some profit somewhere in the deal."
Is this correct? Or should I expect to get the buy rate MF?
Thanks
Which SoCal dealer did you use? I'm in SD, and the local dealers won't do MSD.
Cheers!
The numbers for an otherwise identical 30 month lease are .00192 and 66%.
If you were to lease with only 12,000 miles per year, this car's residual values would be 2% higher.
If it is eligible for MB Finance's Value Added" program you would be able to use the 30 month numbers for a 33 month lease.
Car_man
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Car_man
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The residual value for a lease with 10,000 miles per year would be 1% higher. 7,500 miles per year would be 3% higher.
Car_man
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Car_man
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Car_man
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sit down with them and ask them to call Mercedes Finance who will explain MSD's to them. My MB dealer (salesman, marketing manager, gm) had no idea what I was talking about...but the marketing manager called MB Finance and they gave him the information on how MSD's worked and how to calculate the lease. I was the first customer to ask about or use MSD's in the five years since these folks (a very large national dealer chain) bought the dealership. I have used MSD's on my last four leases on BMW's and infiniti's and in each case, I went thru the same thing...dealer had no idea what I was talking about, called and found out. It's a great financial deal for you, the buyer, if you can afford to be without the MSD cash for the term of the lease, and of course you get it back unlike a downpayment.
Today I got following deal on E350 4Matic
Sticker Price: $51,900.00
Options: $4,440.00 (P1, Sports, Split folding seats)
Dest Charges: $875.00
Total MSRP: $57,215.00
Residual percentage: 66%
Negotiated Cost: $48,500.00
33 Months w/ 7.5K miles
Money factor: 0.00182 w/ auto pay --- (0.00192 w/o auto pay)
Lease payment $482.39
NY Tax - 8.625% $41.61
Total Lease payment $524.00
I am planning to give them a deposit tomorrow and pickup the car on Fri. Please let me know, what you think about the deal. Should I ask for 67% RV as it will drop my monthly cost to $466.10 ($506.30 with taxes).
Thanks again everyone for all your help...
E350C $49,800
890 Lunar Blue $720
205 Almond/Mocha Leather
Sport package, P1, Spoiler
SUBTOTAL $56,410
DESTINATION & DELIVERY $875
TOTAL $57,285
His offer:
2012 E350 coupe
36mo
15k miles
$2500 drive off
725/mo. (this already includes discounts and autopay)
I qualify for these discounts (if they apply): competitor conquest, loyalty discount, current MBFS loan holder.
Is this too much? I was hoping to be under 700 but he isn't budging. Need some suggestions from you all.
Details of the car below
Thanks for your input!
Residuals are set by Mercedes-Benz Credit, not the dealer, and can't be changed.
dadcar....I did a quick calculation, not knowing the residual for 36 mos/15K miles per year, but I assumed 61% and a MF of .00194. I also assumed that you could buy that car for $50K including the dealer administration fee. I assumed a $795 lease acquisition fee. I did not assume autopay. If my assumptions are close, your monthly payment should be around $605 plus tax. That assumes you pay only the first months lease payment plus any registration fees up front ...far less than $2500.
Using the same assumptions, with 10 MSD's, your monthly payment would drop to $546/mo....you would "loan" mercedes $6050 for the length of the lease and then you would get that money back. You would save roughly $2124 over the three years by doing this. Can you earn $2124 on $6050 over three years some other way???? If that money sat in a CD, it would earn less than $400 over the same time period. If you can afford it, think about using MSDs.
ghstudio thanks for the advise... I spoke with the dealer and told him that I wanted All Season Mats and 3 years service included in the price...
First he was like, I don;t know, I am not making any money on the deal, I am losing money on the deal.... then he told me he will get back to me after speaking with his manager. 30 min later, he called and told me we had a deal. I gave him a deposit and will sign all the paper work and pickup the car tomorrow.
Thanks to this forum and everyone, I was able to save lots of money because I was well informed. Thanks again for all your help everyone.