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Mercedes-Benz E-Class Lease Questions
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Hope this helps.
would you let me know where you are leasing the car? Is this in Southern Cal?
Thanks.
Would you let me know if you are leasing in Southern Cal? thanks
I drove the car at a local dealer, and the E350 drives like a dream. I have an MB R350 for the wife... but the E350 drives SOOO much smoother!
Where did you purchase your E350? I'm looking for a deal similar to yours. What packages did you get?
Sovereign MB in Brooklyn, with fleet group.
I still wonder why I don't see anyone getting this deal on the west coast. It doesn't make sense that one dealer or even one small geographic area would have better deals on the E350 lease than the entire rest of the US.
Paying $1000 or more to ship it to the west coast isn't going to be worth it even if I were able to get the same NJ dealer to give me the same deal.
Can you send me the information on the dealer?
Thanks
Does anyone know if there is some regional incentive in the northeast that is unavailable on the west coast?
Would you mind sharing your residual? Any idea what the money factor is?
I'm thinking about a 4matic e350 wagon myself. It doesn't look like the wagon deals are as good as the sedan, however.
Thanks!
I got a quote from a local MB dealer (NY) for a E350-4matic+P1, MSRP is 56780.
The lease rate is much higher than the one you have.
I will call Keith to see if I can have the same deal.
E350 4matic sedan: 24, 63%, 0.00080. 36, 53%, 0.00155.
E350 4 Matic wagon: 24, 59%, 0.0039. 36, 48%, 0.00350.
**both above money factors are for 15,000 miles per year. For 12,000 add 2%, for 10,000, add 3%. These are November number but, I believe they are going to be the same for December based on the MBUSA web site. Hope it helps.
I'm also thinking about the new Volvo XC70 wagon but before I pull the trigger I want to at least check out the 4matic wagon.
Appreciate!
It looked to have many MB cars on it offering rebates.
I think this is a Fleet rebate for dealers.
Meaning, the more cars they push out the more money back they get, looks like a volume discount, but you have to sell an 'x' amount.
It makes sense for them to give the cars away at lowered prices, and then get that money back directly from MB instead of the consumer.
Not sure how this is all working, but it seems here in NY/NJ MB dealers are doing this. Your best bet is to go through a leasing agent instead of a big shop like Prestige.
I have called everyone, Sovreign, Regency, a few places in long island, many MB dealers, everyone keeps offering similar rates give or take +/- $50 bux on a deal per month.
I am not a fan of the E-Class honestly, I got a CLK, its just a personal pref.
(on the E3504matic fully loaded)
I had an offer with 2000 grand out of pocket, and 499 a month for 10k miles 27 months.
and as much as 530 per month for 1700 out of pocket.
I think these numbers vary when they play with the money out of pocket. but 530 with 1700 out, i think that is the deal where the dealer makes very little or nothing at all and its all just about the rebate money at the end of the lease program. :confuse:
Re the fleet rebate, based on volume of sales, etc, that could explain why the Smithtown dealership is ran some kind of invitation-only event today - wanted to pack the house and get as many cars as they can out.
I won't go to a dealership on Saturday. I'll wait until the early part of next week and stop in and see what they will do for me.
Thanks!
The lease rate for xc70 is not bad, i got:
2500 out of pocket (ny tax included)
525/month
premium, climat & convenience, nav , blis
24month, 10.5k
E350 wagon is not for lease, MB want you to buy it and that's why MF is so high.
I am looking R350 right now. the money factor is 0.0006 !
When we were looking this spring for a new minivan for my wife we looked at the R350 and weren't that impressed. She wound up getting a Sienna instead.
Thanks for the input.
08 E350
P2 Package, Wood Trim Steering Wheel
MSRP 55k
24 month
15k miles/year
$1250 drive off (0 down)
$650 per month including tax
Feel like its still not a good deal.
I got a deal from LA dealer
E350 BAROLA RED 08
P1 PACKAGE
VOICE CONTROL
MSRP 56270
15K MILES A YEAR FOR 24 MONTHS
PAYMENT $570 including tax with $4955 total drive off(this include lease ware and tear protection plan)
IS this a good deal? Let me know I need to make my decision soon.
I paid 750 month with tax, 1200 out the door for 24 months/12k.
I probably paid too much, but they paid off the last 5 payments of my crappy old e320.
Funny thing, I wasn't really gonna buy a car, didn't do any research and now I'm seeing how dumb I was.
I figure I could have saved maybe 50 a month, at best. The advertised rates (579 + big down payment) work out to about 720-730 when you amortize it. I see some of the east coast quotes and am baffled at how they can be so low - my negotiated price was 48k, and i'm only paying 2500 in interest over 2 years ... thats less than 2.5% per year!
Anyway, the car is awesome and blows away my 2004 e320.
Good luck.
I don't know if you're gonna be able to do that, at least here in socal.
i got p1, ipod, sports, metalic paint. grey/grey.
basically, from what i see in advertisements, it all works out the same...your total cost is gonna be around 18500 for 24 months (that includes aquisition, licensing, taxes etc...)...whether you want to put more down, or less, that's your total cost...or about 770month all in for 24.
btw, things i just noticed (boy do if feel stoopid!) - a 1095 aquistion fee (why is it 400 more than on adverts - california?), and a 500 "missing docs" fee - if i lose the instruction manuals I get charged 500! i may go back today and ask them about this.
also, i got for 800, the 5000 wear and tear warranty - which covers all damage, incl. tires, up to 5k - considering every leased vehicle has had at least 750 in turn in damage, i think its a no brainer.
What about service? Can you have service done at any Mercedes dealer? Suppose it involves warranty repairs? I can't be stuck going to Paramus when I live on Long Island. Simply not worth it no matter how good the deal is.
Thanks.
What if the car broke down on a vacation road trip? Suppose you bought a Mercedes and moved across the country the next year? You would have no warranty if that was true.
You will likely lose "perks" like free car washes and loaner cars that the dealer you purchased from might have offered to their customers.
I spoke with dealerships in so cal but they said PRestige is a broker and dealerships cannot and will not match their deals.
I got a quote from a dealer in Orange County, CA E350, Premium P01 package, Ipod, Headlamp washing system and iidium silver, MSRP 55320 for $4,900 total drive off, $519/month, $595 tune-in fee, 24 month, 12K miles/year. Total of payment is $17431 (include wear n tear up to $40,000 and theft protection up to $5,000)
Please let me know if it's a best deal so i can pick up the car ASAP.
Thank you
If you buy the insurance, you are going to spend $800 on wear and tear whether there is anything that qualifies as excess wear or not.
oh, i checked and found out that they will waive or reimburse me maximum $5,000 only for limited physical damage charges defined as following at the time I turn in my vehicle:
What is considered excess wear and use?
Our lease-end process, The First Class Finish provides guidelines used to evaluate the condition of your vehicle. Here are some of the conditions that would be considered excess wear and use:
- Damage to major driveline components (engine, transmission, differential).
- Damage to the vehicle's frame.
- Damage to the interior or exterior that is beyond ordinary wear and use.
- Missing or broken parts and accessories, including optional factory equipment identified in the lease.
- Missing tires, tires of unequal size, tires that have sidewall plugs, cuts or exposed cords.
- Wheels that are broken or cracked.
- Stars, cracks, holes or plugs (regardless of size) in the windshield, or other glass or lenses.
- Failure to maintain the vehicle according to manufacturer's specifications (the maintenance must be documented).
- After market alterations not installed by an authorized Mercedes-Benz Dealer.
- Any condition that makes the vehicle either unlawful or unsafe to drive.
Because parts and acessories of MB are really expensive, so i think this cover is worth to pay.
Your auto insurance covers accident damage to the frame etc..
Doing the scheduled maintenance, not altering the vehicle, broken rims, missing/bald tires etc. are common sense.
You should be able to keep your car looking good for the duration of a 2 year lease. My car is more than 5 years old and doesn't have any of the problems you listed.
JDH