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2014 Mercedes-Benz E-Class Lease Questions
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Comments
Each security deposit lowered the MF by .00007 and auto-pay lowered it by .0001.
One security deposit is one month's payment rounded to the nearest $50.
I believe the current base MF is now .00195-.00225, depending on whether you have Super Tier credit or Tier 1 credit.
Oops... that's the Employee program... no wonder it looked so good. If it makes you feel any better, your calculation of the payment is right on the money...
So... the correct part is the money factor and residual.. The advertised lease assumes a discount of around $2300, but you should be able to do a lot better than that...
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Here is a breakdown:
E350, Sport Sedan + options
Sale price $50,200.00
Acquisition Fee = $ 1095.00
Total = $51,295.00
CA State DMV = $ 467.00
State tire fee = $ 7.00
27 RateK 0.00286
ResFactor 68%
Residual = $41,044.80
Drive off cash = $ 1,261.06
Monthly base = $ 643.73
Monthly tax = $ 56.33
Monthly payment= $ 700.06
FCLP (First Class Lease Package?) = $ 999.00 <== we bought additional
Prepaid Maintenance 2y/20K = $1095.00 <== we bought additional
Total monthly payment with all inclusives = $759.10
So the first question would be, is this a legit charge?
And the second question would be, if I have them cut a check for my trade instead and do 0 cap cost reduction, I would avoid this tax?
Thank you.
Yes, if you have the dealer buy your trade outright you avoid the tax obligation.
We don't recommend using trade equity as a down payment - if the car is stolen or totaled, you are out that money.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Is it MSRP + Destination = the MSRP from which residual is calculated?
or without Destination?
And does it change when doing European Delivery (where the destination is waived as part of the program)?
Thanks
The full MSRP including destination. It's the bottom line on the official government sticker.
Residuals should not change for ED.. It's the same car that the bank gets back at the end of the lease.. it will have the same value.
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I understand that the % residuals (i.e. 66% for 36 mo @10k) don't change.
But I wanted to ask if the MSRP (which in the US, incl the Destination) when calculating residuals changes.
Euro Delivery the Destination is waived. (is the waived destination treated as a Cap Cost Reduction? or never figures into the car price at all)
No.. the residuals don't change.. they may waive the destination fee on your selling price, or offer an equivalent incentive, but it's still there on the MSRP.
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I'm not all that familiar with the particulars of the Mercedes ED program. The only ED program that I have much knowledge on is BMW's
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MSRP = $59,195
Capitalized Cost = $52,565
$4,152 due at signing
This also includes 3 years of maintenance.
Is this a good deal? Seems a little bit high. Any help would be appreciated!
.00136 MF and 65% residual for 27mo, 15K/yr. (though you don't mention your mileage allowance) Assuming a RWD E350 (though you don't mention which E-Class).
Given your parameters and my assumptions, the payment would be $645/mo.+ tax.. and DAS would be 1st payment, $795 acq.fee, title/license/doc fees
So.. need to know your state/tax rate, and a breakdown of the $4152 D.A.S. Also, the numbers could change if my assumptions are not correct.
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wanted to see if the numbers i got today are good. NYC area
2015 E350 sedan
Msrp 64,500
Cap cost 60,000
RV 56%
MF .0018
36 mos. 15k mi./yr
nothing down
$771/mo.
We don't have any 2015 E-Class lease numbers, yet... Probably, next month.
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Yes.. current numbers
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2014 E350 Sport
MSRP $59,200
Selling Price $49,672
Residual Value $38,480
15k miles/year, 27 month term
Fees (tag, title, and DOC) $590
Georgia TAVT Tax $3463.79
Money Factor .00136
With a $4000 down payment, the monthly payment was $625.
Is it worth doing this? Was considering a C300 as well, but not sure if the incentives are that good.
Thanks
The GA tax is either due up front or can be rolled into the cap cost .. is the $4K you're provided up front covering that amount (as well as other fees)?
Not sure I can get to the $625 number the dealer is quoting .. ask them for a breakdown of the taxes and money due up front.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks, the taxes can be rolled into the cap cost, so the only monies due up front will be the down payment. So in other words, the only money I am paying now is $4000, and the payment will be $625.
If I add in the taxes and fees to the selling price (resulting in a net cap cost of $52,726), I get a $0 down monthly payment of $763.77. $4K down knocks $148/mo off that, resulting in a payment of $615.77.
Closer to the $625/mo quote from the dealer....
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
4matic e350 2014
MSRP: 70230
Selling price: 60540
27 mo/ 12K miles
MP: $639.35 + 57.54 tax = $696.89
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Exactly the same dilemma for me. Decided to go with a 70k E class for the same payment as 58k C, although the E is a bit outdated, I think it's still a better value for the money.
Sedan: Standard MF and 59% residual for 36mo, 15K/yr
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2015 E350 luxury 4MATIC sedan
Msrp 64,875 (incl $925 d&d)
Cap cost 60,000
RV 56%
MF .0018
36 mos. 15k mi./yr
nothing down
$771/mo.
Is the RV really so low at 56% for 36mos/15k mi/yr?
36/15 residual is indeed 56%.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thank you.
.00120 MF and 57% residual for 36mo, 15K/yr
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2015 - .00118 and 56%
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
i would think the numbers would be better for a 2014 lease
The numbers I quoted were for 36 months.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4