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Mercedes-Benz E-Class Lease Questions
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Comments
I am about to switch my old 2010 E350 4matic to 2014 E350 4matic Sports Edition.
I have 5 month remaining lease payment which will be taken care of by the dealer.
I have a quote: $2700 out of pocket, 36 month, 15K miles/year for $699 tax included
E350 4matic Sports with P1, Lighting Package, Panorama Sunroof, etc
MSRP: $62,500
Should I take the deal or push more?
Please advise.. Thanks in advance.
I ended up doing a European Delivery on a 2014 E350 4MATIC, I am going to sign the paperwork on the 15th of June. Can you give me the MF and residual for 36 months and 10K miles.
Thanks again!
Thank you
I live in PA with 9% lease sales tax rate. I am paying $600 now for my 2010. I don't have any special discount program.
thanks in advance.
60k sticker
53k sales price
3k out of pocket
.00148 MF
62% RV
10k miles 36 months
598.00 payment total.
2014 E-Class 4-matic
$63,350 asking:
They will give me $2,000 off
Maintenance included
taxes included
15k miles per year
24 month: 68%
36 month 59%
48 month 48%
Money Factor 0.00177
0 down
24 month: $1061 per month
36month: $932 per month
$3,000 down
24 month: $922 per month
36 month: $838 per month
$5,000 down
24 month: $829 per month
36 month: $775 per month
$62,245 asking
They will give me $2,000 off
Maintenance included
taxes included
15k miles per year
1,000 down
$1,117.26 per month
2,000 down
$1,070.80 per month
3,000 down
$1,024.86 per month
Is that a fair deal with him using his 3k to bring it down to invoice and my 3k for cap reduction? Im looking to get into a car within the next 40 days or less.
I am not good at calculating the lease payment, but your statement made me understand easily how the discount, rebate and my payment roll into the monthly payment. So the selling price would be $53500("all that said and done it looks like a $6000 discount on the car plus the holdback and rebate" by kopier)? Wow.
I really appreciate your comment. Based upon your thoughts, my deal looks great and I will take no later than next week. Maybe push a little bit for free first maintenance?
Thanks in advance!
Salesman AA carries clout to get deals done. As time marches on better deals will be had, but given the model just arrived, it's pretty good. Everyone's situation is different. The miles on my '11 E350 were reaching penalty phase, as well as tires and brakes were due shortly, so I offset the upcoming maint cost and excess mileage cost (why put that money into a car that's gone in the very near future?) against the new car.
Also, unlike other MB dealers in Orange County, this dealer does not grind the customer into submission, spending hours haggling every $3.00 increment. They will send quote via email and work the deal over the phone which is convenient for busy people.
I personally prefer rewarding the dealer that quotes the best price as well as those who are honest thru the entire transaction, and ESPECIALLY those who quote via email. I don't like dealers who turn what should be an easy transaction into an epic event, requiring your physical presence to be sequestered in a confined cubicle, and I never use a lower quote from one dealer to get a car at another who originally wanted to play games in the first place.
For those who search inventory online, this dealer's website has the best detail because it shows the options on the car, unlike many other dealer sites which proved frustrating. That info was very helpful to find the car I wanted without having to sit on the phone, or drive all over SoCal.
Hope this helps.
This.
Wife stopped in at a dealer yesterday and this is where we're at
2013 E350 Sport 4matic with P1 - Demo with 8k miles
10k is either done or will be done
MSRP: 59,865
Discount: 9897.66
Sale Price: 49,967.34
$2995 down + first month and some taxes
27 months, 10k miles/yr
mf = .00127
residual: 40,320.45
monthly payments: $422.12 + tax
This seem reasonable? As said...never leased before, but based on depreciation + mf payment puts me at $357....question is how close should we push to get to that? My wife said they were done dealing with her at present.
I am a USAA member...does that give me any more benefit on a lease deal?
Thanks for any feedback
Mercedes-Benz Financial's June buy rate lease money factor for a 36-month lease of a 2014 E350 Sedan 4Matic is 0.00148 for consumers who qualify for its top credit tier.
Residuals are
62 % for 10,000 miles per year
61 % for 12,000 miles per year
59 % for 15,000 miles per year
Pallidium Silver
Options: P1 package
Additional options: rear spoiler
push start button/keyless entry
split folding seats
comfort box in the trunk
chrome door handle inserts
Dealer installed option: 3M clear bra on hood, rear view mirrors and door edge
MSRP: 61256. Selling price 52256
0 down lease for 27 moths 12K/year= 600/month
I have put down 5000 upfront which brought the lease payment down to 411/month. I added 2 service prepayments in the lease.
Total out the door price 423/month 12K/year for 27 months.
Buy end option price at the end of the lease 42K
Dunno about USAA member discount. Hope it helps. Good Luck!
BTW I love this car. John
Forgot to mention that my car had less than 100 miles. Given your situation of a demo car with slightly less options and the fact that 2014 model year is out in abundance I would suggest to try for more like 12-15K/yr lease with 2 services included in the lease price for 0 down 422/month.
John
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car: 2013 E550 4-matic
Retail: $72,840
Sale Price: $62,840
Residual:
63%
.00205
Lease includes, tax and maintenance with 15k miles per year
24 Month lease:
0 down: $1,041 per month
1k down: $997.50
2K down: $954
30 month lease:
0 down: $954.08
1k down: 918.87
2k down 883.66
36 month lease
0 down: $874.49
1k down: $844.81
2k down: $815.13
Thoughts? Also, every $1,000 off equates to about $50.00 off your monthly lease amount...correct?
Thanks in advance.
Given that the 2014's are now available, I suspect that you could push for an additional discount on the final sales price.
Additionally, I would recommend not putting any money down. Rather, you should take those moneys and consider MSD's and autopay to 'buy down' the MF as this will naturally reduce your monthly lease, and you get the MSD's back at the end of the lease term. My two rupees.
Cheers!
Carman would be your most accurate source for the base rate MF and RV. I had heard that the buy rate MF for 2013 E550 has been raised to 0.00205. Two other alternatives on triangulating MF could be as follows,
1. Call several other MB dealerships and ask them for the MF's for top tier credit on an 2013 E550. Hopefully, you will get equivalent MF's, so you will be able to triangulate.
2. Check ridewithg.com as sometimes he posts the MF
In regards to the RV, I have a hard time believing that the 63% RV is identical for 24, 30, and 36 mo leases. MB has sometimes offered a pull ahead program where they extend the RV for leases of 3 additional months (i.e., same RV for 24 months applied to 27 mo).
Don't be discouraged. Leasing is not that daunting. Once you understand the math and key variables, you are in a powerful negotiating position.
Cheers!
residuals you have are absolutely wrong...
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I took it to car max at the end of the lease and they basically said there was a $6K difference between what I could get for it and the price Mercedes is charging me to buy it out. SMH
Could you tell me the June buy rate lease money factors and residuals for an E350 Sport Sedan, 36 months, 18,000 miles for consumers who qualify for its top credit tier? I've been reading through this board but have only found 15,000 mile leases so far.
Also, do options (like the premium 1 package for example) affect residuals and MF's? If so, these are the specs of the car I'm looking to lease...
Base MSRP: $51,900
Dark Grey Sport Interior: $1,620
Premium 1 package: $3,870
Driver Asst Package: $2,800
Wood/Leather Steering Wheel: $590
Panorama Sunroof: $1,090
Thanks so much for all the information you share with us. I really appreciate it.
All options are residualized, and MF is the same regardless of extra option son a specific platform model. MF can be different between engine types and styles, but not usually for adding p1 or keyless-go, etc.
The scam of the century is MB Financial Services actually residualizes service contracts!!!!
Prepaid service is at a discount and with MBFS residualizing a $619 2 year service plan, means you are actually paying only fraction of the cost for service. If your residual is 69% you actually pay $192 dollars for all service for the term of the lease. This example was for a 24 month 10k mi leae, but they also offer longer time periods with more mileage.
Once the dealer said service plans were residualized, only an idiot would pay out of pocket for maintenance on a lease and not include a service plan.
-Valley Guy
And thanks for the clarification on the options.
Could you tell me the June buy rate lease money factors and residuals for an E350 Sport Sedan, 36 months, 18,000 miles for consumers who qualify for its top credit tier? I've been reading through this board but have only found 15,000 mile leases so far.
Also, do options (like the premium 1 package for example) affect residuals and MF's? If so, these are the specs of the car I'm looking to lease...
Base MSRP: $51,900
Dark Grey Sport Interior: $1,620
Premium 1 package: $3,870
Driver Asst Package: $2,800
Wood/Leather Steering Wheel: $590
Panorama Sunroof: $1,090
Thanks so much for all the information you share with us. I really appreciate it."
Wow. Time flies! I didn't realize how close we were to July when I posted this. Not sure when the July rates are published but can you please post July rates when you get a chance. Thank you!
Also, any idea the amount of Mercedes Dealer Holdback and other hidden profits? In New England, they're hitting us for a $700 marketing charge on top. Is this ever negotiable?
Thanks!
2014 E350 Sport Sedan, 36month, 10K year
MSRP: 60450, Diamond White, P1...
2K down, $690 per month including tax
Concerning the $700 marketing/advertising charge, I also heard this a few weeks ago from a dealer (in NJ). It was his reasoning that I was being quoted below invoice. It's not a line item on the window sticker so I wouldn't worry about it and in my opinion you shouldn't consider it when negotiating price.
mb2014-
Sounds decent depending on what the 2K down consisted of.
Doesn't it make sense to lock in a lower payment with the 7500 mile lease? If you go over the miles just trade it in for a new one to avoid the fees for going over the miles rather than turning it in.
It costs something like ~$500 over 27 months to move to 10K miles per year, or instead pay $2000 extra if you drive only 9500 miles per year on a 7500 mile annual limit.
If there is any doubt you will exceed the 7500 mile limit, then just pay the extra $250ish per year for 10K mileage limit.
- 7500 miles per year is only 20 miles per day average!
- 10K miles per year is 27 miles per day average
- 12K miles per year is 32 miles per day average
Just my humble opinion.
-ValleyGuy
$64,000 car
15k miles per year
maintenance included
taxes included
0 down
27 month lease
$581 per month
*I live a long distance away from the dealership, so I purchased the car without personally seeing it. They shipped the car to my house free of charge and I was able to sign the paperwork and write the check upon delivery.
I think I could have done a little better, but considering the quotes I received from other dealerships, I think I did pretty good. They are deal makers, and offered me a really competitive price on a 2014 e-class. This is my first lease, so I was a little apprehensive about doing a 3 year lease; hence the reason for agreeing on the 2013.
Harry was salespersons name, so please give him a call if you are considering a new 2014 E-Class.