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Prices Paid: Buying & Leasing Experiences Mercedes Benz E-Class Prices Paid and Buying Experience
493 messages, Last post on Apr 30, 2009 at 1:32 PM
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Replying to: chea89 (Mar 30, 2009 5:52 am) adlee16  gmail.com
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Replying to: mrashy2004 (Mar 23, 2009 5:06 pm)
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Replying to: chea89 (Mar 07, 2009 5:45 pm)
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Replying to: mb5j (Apr 06, 2009 3:50 pm) Motorworks, Knauz Motors, and Loeber Motors. Hope that helps... |
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Replying to: jbrad721 (Apr 06, 2009 4:41 pm) |
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New here but didn't see a solution, so thought I'd ask:) I'm keeping my E320, no questions, no doubts - she has run like a well made Mercedes since I bought her and regular maintenance has kept her that way, so that's that! What I'm looking for are places to compare having the body restored to showroom condition. There are minor scratches in the paint, an ugly 1" scrape from a commuter park-n-ride lot and the paint has oxidized on the hood. The leather isn't cracked or dirty, no body damage and guess it's more cosmetic than anything. I was quoted $5,000 to strip her down to the nub and bring her back to life, new knobs for the door (those suckers fall off too easily) but that was before MB decided all parts had to come strictly from them. Has anyone had their baby redone, I'm only looking to get ballpark estimate what this might run. Currently I'm in Washington state but will take it out of state for a reliable and conscientious shop. Thanks for any suggestions...remember, I have no intentions of selling or trading this car in. She's simply beginning to show her age  PS - That image is not my car! |
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I closed this deal and took delivery 4-26-09 at Coggin MB in Ft Pierce, FL E350 with: 289 Wood Steering wheel, 413 Panorama sunroof, P02 Premium II Pkg. MSRP $61,045 Selling/purchase price 48,000 + Dealer Fee 599 + Acquisition Fee 1,095 + Prepaid maintenance 1,010 4 years Capitalized Cost $50,704 Down payment 3,960 + taxes, tags, fees 580 ( I elected to pay $5,000 in cash to keep payment under $500, so that was my total out of pocket. However, at 1%, it might be desirable to finance more.) 48 monthly payments of 476.53 + 21.04 maintenance TOTAL 497.57 12,000 miles per year Residual 42% (25,639) Money Factor .00038 equal to .91 APR With 21.3% discount and less than 1% cost of financing, this seems to be a pretty good deal.
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Replying to: beetle39 (Apr 30, 2009 8:37 am) After 4 years you will have paid $476.53*48 = $22,873 + $5,000 + $1,500 for tires and brakes = $29,373. I am excluding what you are paying for maintenance. Plus your residual is still based on the $61k price not the $48k which is bringing down your payment. In this scenario I would already buy the car although it seems like your only concern is the monthly cost to be under $500. You could have bought a certified pre owned 2007 for $30k.
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Replying to: shmuler (Apr 30, 2009 10:30 am) The effective interest rate of .91% makes the lease attractive. My total cost if I buy the car for the residual is still basically $48,000 plus interest, maintenance, taxes and dealer fees etc. The $500 payment was strictly an arbitrary choice that doesn't really matter - just a preference. I would actually be better off if I let them roll more of the cost into the payments with only a .91% interest rate. If I bought a 2007 for $30k, the interest rate would probably be around 7% and I don't want a used car. Different strokes. |
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