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Mercedes-Benz E-Class Lease Questions
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Comments
1-Good price?
2-Will deals get more aggressive over the summer?
3-Should I wait for 2013 model (have 4 mos left on current lease)
The best "deal" is the 24 mo bluetec lease with 10 MSD's....you won't believe how inexpensively you can drive a $60K car.
Note: some dealers do it this way, some charge the full amount just charged monthly over the life of the lease...and, mystifyingly, Mercedes finance seems to accept either one. My maintenance was handled like any other feature and I think I'm paying about $200 for two years of maintenance.
Current lease is 668.00 (I paid the taxes up front).
Going into a 2012 E350 4 matic sport, 33 months, 15K per year @ 650.00 per month.
P1, fold down rear seat, some sort of container in the trunk, and rear deck spoiler.
Total drive off is 3600.00 (Tax, bank fee, etc).
Here's the good part....I had 9 months left on the 2010, was 1500 miles away from going over, and 3,000 miles away from being out of warranty.
I do get a 2K fleet discount but, I thought this deal was just way too good to pass up.
Plus, if I went into a different make, I'd have to pay the "disposition" fee.
Want to know the MF(tier 1), residual%, and sweet spot for lease of E350 sedan.(Iv'e read 33mo for the gas vehicle).Not sure but from what I'm reading it sounds like 33mo is better than 36mo and that 15k miles is better than 12k. Is this right?. I live in Los Angeles, CA. Does the competive conquest program apply here? Is origination charge $795 correct? Can the conquest program be combined with the MSD's. and does each MSD lower the MF by .0007 or .00007. Seems to be some discrepency between posts from others on this thread.
Thanks in advance for your help both now and in the past.
rravinmd
I just hate to pay interest on taxes.
I didn't put maintenance on it....I still have time.
Picking up the car Saturday.
How much is the maintenance, and what does it cover?
I thought them taking my car back with 9 payments left was fair, so I didn't nickel and dime them.
Maintenance covers the maintenance of the car by mercedes and by including it in the lease as a feature, you may find that you only pay a part of the list price. Get them to quote the same lease with maintenance included.....find the difference in price between with/without maintenance and multiply by the length of your lease. If they residualized it, the total will be far less than the MSRP of the maintenance.
Be careful...if you wait for the "financial guy" when you pick up the car, he will just ask for a check for the full amount. Be smart...ask your salesman to include Mercedes (not some third party) maintenance in your lease and get the monthly payments. Tell him "please include the maintenance as a feature on the car....as they do on the mercedes web site when you configure a car there".
With Single Pay (One Pay for the Lease) 446.00 Month Inc Tax
With MSD x 10 455.00 Month Inc Tax
Inceptions are First Month, 795 Bank Fee, Plates.
Robert
Can you please tell me the July MF (tier 1 credit) and residual % for leasing a 2012 Mercedes E350 4-door sedan(gas model) for 33months 12k and 15k respectively. Is The competitive conquest program still in effect and can MSD's be used. I am located in Los Angeles, CA. Any other fees besides origination charge of $795, and tax/license that I should expect to pay up front?
Need to make a decision quickly. Thanks in advance for your help
rravinmd.
Which turns out to be 72000
With 4.9% lease rate (36mo) and 12000kms a year the payment comes to 1160 a month
Isn't it too much for a e350?
Any other canadians who had a better deal?
thanks
Mark
Mercedes-Benz Finance's current buy rate lease money factor and residual value for a 33-month lease of a 2012 E350 Sedan with 15,000 miles per year are .00127 and 60%, respectively for consumers who qualify for its top credit tiers.
MB Finance's base acquisition fee is indeed $795.
The conquest cash certificates should be available in your area. I don't see why it wouldn't be compatible with MSDs.
Each additional deposit lowers the money factor by .00007.
Car_man
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I wouldn't say that MB Finance is terrible, but you probably won't find your experience with them as pleasant as your experience with Acura Finance.
Car_man
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The residual value for a lease with only 12,000 miles per year would be 2% higher.
At lease signing, you will have to pay your vehicle's first month's payment and acquisition fee.
Car_man
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A few questions: is the MF of .00127 the same for 12K miles per year as well?
Also, what is issued when one uses MSDs? Is it noted on the lease contract only, or do you get other documentation as well from MBFS showing you have a deposit with them?
Also are MSD's in increments of $500 or any amount?
Thanks
Mark
The MSD's are shown on the contract
The amount of each MSD is calculated differently by different dealers and MB Finance doesn't seem to care. In my case they figured each security deposit as my monthly payment including tax with no rounding and they insisted this was correct (they were, of course, wrong but that's what I paid). The correct way to do it, I think, is to take your calculated monthly payment without tax and round it up to the nearest $50. I have also seen dealers who use the calculated monthly lease payment before applying the MSD discount and rounding that up to the next $50. No matter which method they use, you will get whatever you paid back at the end of the lease.
Security deposits are usually equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment. I'm not sure what sort of documentation Mercedes-Benz Financial issues lessees who make additional security deposits, but I don't think that the deposits would just disappear.
Car_man
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I believe that the conquest cash (currently $3000) is not combinable with any of the above, but the mercedes club and mercedes finance discounts ARE combinable witih each other and combinable with the above three programs.
Could anyone clarify this mess of options.
I'd like to lease a 2012 this month and while there is no costco near us, I can still join, etc.
Rob
Rob
Can you confirm if a 33 month lease is still available on the 2012 E350 in July? I just had a dealership that I am negotiating with tell me that MBF has removed the 33 month lease for the month and has the 30 month at the same residual and MF (60% and .00127 for 15K)?
Thanks and if possible, I need to know ASAP because I plan on leasing either today or tomorrow.
Thanks
Jon
The dealer is telling me that the mf of .00127 is a promotional mf on the e350 sedan(gas model). Do you know if this is correct? need answer asap...
rravin.
What is the residual value and money factor for a 2013 E550 Cabriolet. I'm being told 51% with a 15k mile lease and a money factor of .21%.
Thanks!
Thanks!
Robert
Few dealers want to explain to their customers that paying a bit more per month is a better deal! 99% of car salesmen and buyers focus on the monthly payment....not the money down or any other costs. If the salesman can bring the monthly payment down by any means, they increase their odds of selling car.
So it's simple math.....if you pay $5000 up front, you will reduce each payment by roughly $5000/number of months in the lease.
In the case of MSD's, you loan mercedes a "large" amount of cash (e.g. $5000) and your monthly payments are higher than if you used that money for a cash down payment up front....therefore, it's viewed as a poor deal (to those who really don't understand finances or leasing).
What most buyers and almost no dealers do is to add up all the cash outflows (and inflows at the end from MSD's) and select the deal that has the lowest overall cost over the life of the lease.
I currently have a 2009 c300 lease that is due in a few months. Fully loaded with p2+amg with only 19k miles. MBZ dealership contacted me and offered to take 4 remaining payments, waive turn in fee, wouldn’t pay upcoming dmv on it (39m lease) and offered me this below
2012 E 350 w/ p2+amg wheel pckg+rear spoiler+Sport package+lane tracking pckg with msrp $59,725 for $50,800. ~14.9% discount it looks like. Lease for 24 months at 522.27+tax in CA=$567.97 monthly payment. w/ $2000 OTD down (1st months payment+tax+dmv lic,etc)
What do you guys think...feedback?
http://townhall-talk.edmunds.com/direct/view/.eea6b46/1783#MSG1783, which is more than $10k below MSRP.
However, it is getting very hard to find the car you like given the low inventory.
I saw a post from late May which 76% and .00250 - is that still the case?
Mercedes-Benz Financial's July buy rate lease money factor and residual value for a 24-month lease of a 2012 E350 Sedan with 15,000 miles per year are .00127 and 67%, respectively for consumers who qualify for its top credit tier.
Car_man
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Car_man
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Car_man
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Mercedes is not currently providing any lease support on this car. As a result, if you were to lease one through MB Financial, you would have to use its standard lease money factors. I believe that its standard rates vary by credit tier and possibly by region as well. A factor of .00250 sounds slightly high. I suspect that if your credit is in good shape that you'll probably be able to get more like .00210.
Car_man
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I am contemplating a 2012 or wait for 2013 e350. Do you know any historical info on how new models are priced/ discounted / lease supported in the few months when both model years are on the lot? (I am guessing July/ Aug & Sep are the overlap months)
Thanks..Mark
Putting it together, the lease if you pay list price (MSRP) for a $60K e bluetec (if you can find one) would be around $650 plus tax. Get a $3000 discount on the car from the dealer and that drops below $500 per month and that's with $0 down up front, just the MSD loan to mercedes.
note: obviously those are rough numbers, but you get the idea.....
Rob
rravin
Also, one of the few P2 blutecs I found is a demo with 5k miles, technically being sold as new and qualifies for their lease programs. does conquest cash apply? I can't any official info on CC so I can't tell.
theoretically the selling price or gross cap cost on this car should be lower than what people are reporting on their new bluetecs@ around 15+% off msrp incl CC