Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Mercedes-Benz E-Class Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Dealer mentioned that its actually a great time to lease the E because with the model change in 2009, the mkt value for the current E should fall which would result in MB Financial trying to be even more aggressive in adjusting the residual value for a potential buyout. The residual on my M class was close to 39k but they offered to knock off $7500.
While I'm not sure what the mkt or status of the economy will be in 2 years, even at the current residual I can still buy the car for the same amt if I had purchased today since they knocked $8500 off the MSRP.
There are rumors out there that MB will increase the incentive to $5,000 (from $2000) as well as instruct dealers to offer the AMG package for free (since it will replace the sport package for 2009) to move the last of the 2008 models.
2008 E350
MSRP: 57,040
Negotiated price: 50K
33 months
12k miles per year
MF .00085
Residual value 57%
$3k drive off
$605 per month
In southern California with 7.75% tax
Thanks,
Leo
The residual is correct. They are giving you the buy rate money factor. You have a very aggressive cap cost.
Just have them itemize (clarify) what the $3k at signing includes. The majority should be inception fees. If you can live with a slighly higher payment, I'd say keep the additional cash in your pocket, but that's up to you.
From this perspective though, I'd say go for it!
Can anyone tell me: (1) the MF on the lease deal; (2) the residual values for a 10,000 lease; and (3) whether there's any cash or other incentives for dealers right now?
Also, I've heard that 2008 is the last model year for the E350. That doesn't bother me but I would think it would mean that MB and the dealers are psuhing hard to clear them out. Can anyone confirm?
Thanks.
'08 E350 Luxury
27 M -- Residual 64% -- .00085
'08 E350 Luxury 4-matic
27 M -- Residual 63% -- .00030
Should be a $2000 lease cash incentive. Call local dealer to confirm.
Also, I've heard that 2008 is the last model year for the E350. That doesn't bother me but I would think it would mean that MB and the dealers are psuhing hard to clear them out. Can anyone confirm?
The new generation E-class will be introduced as a 2010 model in the fall of '09. It won't look much different from the current model - some cosmetic tweaks and and the SLK's 3.5L V-6 rated @ 300hp.
I never said it wasn't an all-new model, I simply mentioned when it would become available in the states for sale, and then commented (briefly) on the styling changes and engine upgrade. Mercedes did in fact style the vehicle very similarly to the current model as to not upset the desire among the loyalists.
I consider going from round headlights to square headlights a "minor" cosmetic tweak, but that's just me.
12k miles/yr Residual = .57
15k miles/yr Residual = .55
Money factor = .00030
you should get $5k - 8k off MSRP
E350 4Matic
Black paint
Black Interior
Sports Package
Premium 1
Burl walnut
iPod
MSRP -- $56,410
Invoice -- $52,552
Cap Cost -- $49,660
Monthly payment -- $591.92 ($538.11 + $53.81 use tax)
33 months
MF -- .00030
RV -- 58%
Inception Costs -- $407.97 (1st month + license fee + doc fee - $500 dealer credit)
I know I probably left a few bucks on the table, but not much. Hope this helps.
Also, if you're in the Washington, DC area, I recommend Euro Motorcars in Bethesda. Very professional. Contact me off line for the name of a salesman.
And does anyone have any recs on a good place to go? Fletcher Jones quoted 1100 dollars a month with no wiggle room. That seems insane to me.
Thoughts?
Thought about going through leasetrader, but they seem to want your firstborn before you can even contact a seller.
So that I am prepared when I go into the dealerships can you please provide the June residuals/MF for both the E320 and E350 cars for both 10,000 and 12,000 miles. I am in Arizona. Also, does the $2000 dealer cash also apply to the E320. I'm going to start shopping now so I need the June numbers. I figure that if I can't get a deal finalized in June and end up in July that the numbers and incentives will hopefully only get better as we get closer to the 2009 cars being released. If I'm still shopping in July I'll post for the new July numbers---when do these become available? Thanks for the info.
I would bet that your TOTAL lease cost for the 320 is higher than if you leased a 350...when you add in fuel in both cases for the length of the lease. Sure the 350 uses more fuel, but it costs less than the 320. You don't make that up in 24 months.
I would think that leasing a 320 may make sense on a 3-4 year lease....because I think the break even is 3 years.
24 M – Residual 65% of MSRP – .00150
36 M – Residual 55% of MSRP – .00225
Residual value based on 15k annual miles.
Add 2% for 12k, and 3% for 10k.
I only needed 10,000 miles/year, which saved me 1% in residual over 12,000.
The only money down was $900 -- which was the first month, tags, and a $100 processing fee that I decided not to fight about. And the dealer had sent me a $500 "gas" discount card in the mail, so that was deducted for a total out-of-pocket of just about $400.
In NYC
2008 New 350 4M Sport
Flint Grey/Black
Sport
Black Birdseye
Ipod kit
Wood/Leather Steering Wheel
Voice Control
Electronic Trunk Closer
Premium 1 Package
Total Retail 58,710
Gross Cap Cost 54,784
Tax Inc Adj Cap Cost 56,479
No money down
Residual 63%
Money Fact .00030
27 month lease 749 per month
Cash Back from dealer by check $3,000
Pewter w/ Cashmere
Designo Burl walnut
iPod kit
Wood steering wheel
Premium 1
Sport package
MSRP w/ destination charge $ 57,970
Cap Cost $49705
Monthly payment $576 ( 535.81 + 40.19 tax)
27 month
MF .00030
Residual 62%
Out of pocket costs: Inception cost $795
Doc fee $249
1st month $576
NJ fees (registration, sup titling, tire fee) $ 488.82
Total out of pocket ---------------------------------$ 2108.82
I picked up the car today....What do you think of the
Deal!!!!!!!!!!!!!
:shades:
thanks
You might want to give your dealer a call....now.
Certain dealer incentives might only be available in the north east region.
The car stickered for $55.5k. E-350 Silver/black interior
MSRP: $55.5k
Options . P1 package and Ipod integration
EMPLOYEE PRICING MSRP : $48.5k (sorry i dont have exact numbers...papers not on me, car being delivered thursday night)
CURRENT MB Marketing support.....is $4000
So final buy price is $44.5k
Leased it for 27months....I assumed my money factor would be .00030 like others had...but im guessing since we had employee price...we got it for .00001.
Monday down: $1140. that is FIRST months payment...and the MB turn in fee end of lease.
Monthly Payment: $384
overall im thrilled, and didn't think this kinda lease would be possible, im paying 380 on my DAMN cloth seat 4x4 jeep commander.
I in NO way qualify for employee pricing, which mercedes benz is offering, if you are a chrysler employee or family of one. But through some miracle, dealer had an extra employee code...and end of month. (i tried soooo hard to find someone, being I live in MI to find employee code...no luck)
KEEP searcing guys, u can get a damn good deal on this car. It was a beatiful car, didn't wanna leave home without it.
I live in michigan btw.
I think BMWFS allows one to do this (prepaying for extra miles w/in the last 6 months before the lease end costs IIRC $0.16/mi whereas it's 0.20 or 0.25 if you pay for extra mileage at termination)......... assuming MBF has a similar program?
I considered buying the 12kmiles..but the payment jumped by 35dollars a month, and i knew 10k would be fine, but figured Just in case. The salesman said, about ONE year into your MB...they will call you asking how many miles you have, and if you would like to purchase more miles. The rate that is, i dont know. But my salesman said I will be given a Employee price rate, have no clue on that.
I think i got an unbelievable deal. If you have access to employee pricing, it seems anyone can get this deal, I know for a fact its going on till end of july. So if you can, I HIGHLY suggest it. I feel you can't go wrong with this car.
27 month 12K/year lease @ $435/mo includes taxes, $1930 out of pocket.
Got the employee discount because i'd the MB MVP #... the dealer treated us royally over and above what i'm used to at such dealerships...
Negotiated a similar deal with slightly lower payment in Portland, ME for SIL. Maine has 5% sales tax against NJ's 7%.
I noticed that irrespective of metallic paint or not, the deal was working out the same. Mine is metallic paint.
Overall a pleasant experience, but i'd like to complain a bit...
$500 for an idiotic little bluetooth interface?
Can they make the COMMAND module any more crazier? Can they learn from Acura/Lexus?
The harmon kardon sound system is quite anemic and i'm not talking about watts of power put out, it is just sound quality poor
The car despite the sport package is mushy at best, i think i prefer the bmw road feel much much more
but hey, sometimes you buy cars because our shallow world evaluates you by what you drive... meh!
@ the dealership, the largest in the NE with 2 branches in NJ, the sales person (A+ quality guy, and that's the first time i'm saying that about a car sales person) and his manager told me at least a good 100 times that i should thank my friend a LOT since the MVP discount knocked off a solid $154 off the monthly payment and $2600 off the down on top of what was already a tremendous deal they were offering through the Summer Love discounts.
ks
Dealers are strictly barred from doling out MVP #'s. My friend does not work for a MB dealer. She works in the corporate office and the rules are quite different.
Irrespective of what you think of me, reality won't change...
Ksso
regards, k
a E350 is leased at $569 with some down and tax. Dealers are negotiating individually for lower prices due to the huge glut of vehicles that needs to be cleared out.
k