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Mercedes-Benz E-Class Lease Questions
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Comments
1. Will lease the car in Illinois.
2. 36 mos. 15,000 miles/yr
3. Money Factor?
4. Residual?
5. Any discounts or reduction of the sticker price.
6. What are your out of pocket costs
Thanks for your feedback. It'll be invaluable for my lease.
Great price. The dealer is actually selling the car for less than he paid, even after holdback. Maybe he is desparate to sell, so maybe you should try to get him down another $1000 or so.
Is it better to get a 36m lease? What about the 3 extra months - warranty?
Thanks,
Thedork
MSRP: $56,915 Sale price of car: $54,793, Residual: 39,477, MF: 0.00205, 27 mos lease drive off: Taxes, etc.. $3275.13 Is this a fair deal? HELP!
Tpixley
I thank all of you for your help in advance.
For the past 6 years or so I have only leased BMW's . But with the ridiculous MF and residual BMW is offering on their new 528i I decided to visit my local MERC dealer. To my surprise I found a incredibly helpful (not so informative) sales person.
I test drove a ML350 , E350 , and an R350 :confuse: (just out of curiosity)... I guess if I was married and my wife really wanted a mini van I would get one.
1. This is what I was offered. E350 white, black MBTex, P02 (I want this package), sport package (I understand this is free) at...
- MSRP - 55,615.00
- Base Cap - 47,5XX.XX
- Residual - 63% (I don't know how this dealer is offering me this rate because June rates have changed.)
- MF - .00190 (I know current rates are .0017 right?)
- I am told car tax in CA is 8% (????)
The dealer has not yet mentioned what they would charge me as far as fees (MACO, bank fees, paperwork fees, acquisition fees) would run me.
2) What should I expect to pay the dealer in fees to get this deal.
3) I understand it is bad to put a down payment (vehicle loss) but I know my friend usually gives the dealer about $5,000.00 and at the end of his lease he gets it back. He claims it helps him keep his payments down. How does that work?
Looking forward to hearing from you soon.
33months /10k miles yr
$4850 at signing, $499+tax/mo
just curious
2007 E350 Package 1 Sport
$389/mo
33 months
10,000 miles a year
$2725 due at signing
Should i go for it?
I was wondering how your car is packaged and priced and how much are you getting it for.
Also I would appreciate if you could tell us what the money factor is that they are offering you. Perhaps I can use your deal to negotiate mine.
My deal is not far off, but the dealer is making money on the MF. I just want know how much money they are making.
Thanks for your help and congrats
It also has the Sport package which has 18-inch wheels, a lowered suspension and dual exhaust.
MSRP is $54,415
Money Factor is a 3.5 I believe, not 100% positive.
I hope this helps BMWcrzr
It is not clear what is going on. The MSRP difference between 2008 & 2007 is also only $1200. Why? Other luxury brands are passing on considerable discounts post July/4th.. why not mercedes... I was tracking price gap in Accura RL & Mercedes 320 and the gap has widened by more than $7000 making me very confused if I should even wait for Mercedes prices to come down...or go ahead and entertain the aggressive Accura sales guys closing below invoice prices. Please advice on the outlook for E350/E320 2007 model pricing
Yes, I am in the same boat as you. As a matter of fact I had put a deposit to secure rates, but the dealer forgot to put my deposit down.
I have been told the rates will change as of July 15th.
So I am going to wait.
Also the reason as to why the 2008's are higher is because of inflation... But your resale value will be higher, so it all works out the same at the end of the day.
2008 Mercedes E350 4matic Sedan
24 Month – Residual 67% of MSRP – .00405 Base Rate
36 Month – Residual 56% of MSRP – .00370 Base Rate
48 Month – Residual 48% of MSRP – .00370 Base Rate
60 Month – Residual 43% of MSRP – .00370 Base Rate
Your dealer is charging you .00385 because they want to make more money. Regardless of what year you're looking for 07 or an 08, you should start your negotiations at invoice.
As per Edmunds, there is $3,000 trunk money in this car. Which means you could ask the dealer invoice minus another $3,000 to start your negotiations.
If, I were you, I would wait until July 15th (as I am). I have been told Merc is going to drop their rates due to the unpopularity of the deals.
Good luck
I got a quote on a BMW 335xi with auto/prem/cold for $630 pm. Seriuosly considering that.
I too went to test the 528i and was not impressed with the interior after sitting in the E350 (and having my heart set on one. Mind you I have always been a BMW driver. I currently have two sitting in my garage.
Couple of things.
1. The 335xi and 535xi is probably the best engine BMW has produced in a very long time. There is no comparison between the twin turbo and Merc's 3.5 7 speed auto.
2. If you really want the E350 (which by the way is a bigger car than the (335i), perhaps you want to wait until the 15th of July for Merc's new rates.
3. If you really want the 335i still, I would urge you to wait until August. I am not promising but I have been told that August rates are going to drop for BMW across the board (perhaps not the 328i).
Good luck on whatever you decide and keep us posted.
Our local dealers only have a few 2007 left and they are ready to make deals on 2008 for the Summer event. I was told only a trickle of 2008 are coming in. If you can wait, the Winter Sales Event is usually a killer deal.
Make sure to get all the specs on the deal your quoted for $600.00. It could be a non-sport E350W without P1 or P2.
Good luck!
you should really try and go to the dealer in Rochester. Everyone is so nice over there
2007 E350, P1 with AMD package
MSRP about 56k
33 month, 5k down, 650 a month including So Cal tax, 599 w/o tax.
I really want to pull the trigger but my budget is about 500. Dealer says he is losing about 3k on the deal, which MB is offering cash rebates to get rid of 07 stock since 08s are coming in.
Mercedes online calculator tell me DOWNPAY $5400 + TAX/TTL for Texas, and the Lease payment of $619/month x 33 months.
Or atleast tell me, is there any reason to pay more than what mercedes online lease calculator suggests (adjusting for TTL & Taxes). If yes, how much more...
My friend got a car from them $1,800 out of pocket including first payment, $580 per month including NY sales tax. Try it.
Considering leasing my wife an '08 E350 Can some one please post what the Residual and Money Factor on 48- 60 Month Lease 15K miles/yr lease is wih the Summer of Love Sales Event is in So. California is right now. I noticed alot of you were expecting a drop in 08 that didnt happen. I was cnsidering getting the 08 C-Class but for the same amount we get E Class.
Thanks
j-
I am interested in a lease on an e350 4matic. Do you have the money factor and residual for October. I am in NY and am looking for 12k a year, any term.
Thanks
$59,705 MSRP
$8200 Down Payment
$650 month/27 Months/18,000 miles per year.
Is this a good deal? Lease guide had it priced at $565.00
I would also appreciate having the latest lease rates (residuals and tier 1 money factors) for an E350 2wd, with 10K miles and preferrably a 27 - 36 month term. Thanks in advance!
2008 E350
Sports Package
P2 package (navi, keyless go, bi-xenons)
Fold down seats
ipod
wood steering wheel
MSRP about $56k (Invoice about $52,998)
They said they would go down to $53-54k
15k miles per yr
39 month lease
0 down (drive off around $1100)
I have seen people with similiar leases and minimal down (maybe $1-2k) around $550-650 monthly. Are they just kidding with me? I have above 750 FICO too.
MSRP $54,610
15K miles/yr
27 month lease
$2400 drive off
$669 month
I thought this was good deal.
total msrp: $56,410 This is in northern NJ mercedes dealer
$549/month
27 month lease
$2,956 drive off
12k miles/yr
Please let me know if this is a good deal. Thanks..
this is the deal, they all have a coupon for them which saves you money, but they all make you buy it.
I was offered this car with just 2000 out of pocket, that includes the DMV fees, taxes, and first month payment, something like that.
499.00 a month, for 27 months.
P1 package / Nav / wood, all of that.
If you dont want to put anything down, and just pay a 1st month fee and DMV, taxes rolled into the payment, its something like 550, or 565, loosely, the dealer was jawing away but i wasnt to keen on the numbers he was throwing at me.
They also told me that the C300/C350 is going to be similarly priced next month, will see.
FWIW, and this isn't strictly apples-to-apples, but it may make you feel better about pulling the trigger: in May, I got my '07 (with p1, panor. roof, wood), no downpayment (i.e., no cap cost reduction), 10k mi, 36 mo., for $630 at Catena/Union. At the time, no one else was coming close to that.
Good luck.
Any comment would be much appreciated if this sounds like a good deal or not?