Last post on Dec 09, 2013 at 6:28 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz E-Class, Sedan, Wagon
#1012 of 2215 Re: Help with discounts: 2011 E350 with P1 [steve127]
Aug 30, 2011 (7:05 am)
Just as I figured. Because of what you said, I contacted my dealer just to make sure, and he assured me that all 2012's will have the new engine, new transmission, and revised LED front daytime running lights.
I ordered mine in Silver with black leather, multi-contoured front driver's seat, ventilated front seats (we need those down here in Florida as I am sure you will need them in Dallas), P2 package, rear spoiler. MSRP is expected around $61700.00. I doubt there will be any incentives right away, however mine is not due in until late October. So I will wait to see if they have special incentives for their "winter sales" which usually starts November 1st and runs through the holidays. Last year, they had a $2500 loyalty discount as well as $1500 incentive for current Mercedes Benz financial customers. I predict the invoice on the car will be around $57,000.00. If they have no special deals as of November 1st, then I will be forced to pay the big bucks. However, I plan on keepoing this once for at least 3 years which is when they will probably change the body style.
#1013 of 2215 Re: Help with discounts: 2011 E350 with P1 [abacomike]
Aug 30, 2011 (7:55 am)
Your spec will be very similar to mine. Here's the detail on mine.
2012 E350 Sports Package, Iridium Silver, Black interior, Black ash, P2, Leather, Ventilated seats, real spoiler, wood sterling wheel, AMG 18" wheel.
I usually buy the car off the lot and never ordered one. This will be a new experience for me how I have to negotiate the final price.
When you order yours, did you have to put some deposit down right? Are there specific conditions that you can cancel the order? Such as, you are not satisfied after test drive the new car and finding out some issues.
You have mentioned that yours will be due until mid October. Does that mean you are going to finalize price including any possible incentives or royal customer discount at that time.
The last note on the body style change, E350 has been updated on 2010 so it will be due on 2016(7 years model change). It will be good for another 4 years at least.
#1014 of 2215 Re: Help with discounts: 2011 E350 with P1 [steve127]
Aug 30, 2011 (8:27 am)
Interesting. I also ordered the AMG wheel package. So our cars will be identical except for the seats I ordered (mulitcontoured).
I already know what I will be paying. No, my dealer knows me very well. He ordered the car(s) for me without a deposit. In fact, he ordered two for me, one due around October 1st, but with Premium 1, rear spoiler and wheel package. The one that is due in later October will have the the upgraded packages.
I will probably take the P2 package car with the multicontoured seats, ventilated seats, rear spoiler, wheel package, Leather, etc. I expect to pay around $57,000 for the car if there are no additional incentives, etc. The reason I get such good deals from my dealer is because I have purchased 6 cars from him in the last 2-1/2 years. So I get a fantastic pricing arrangement with him. He also gives me above book value for my trades.
Thus, I expect to take delivery of the new car around NOvember 1st, or thereabouts.
As for canceling the order or not taking the car when it comes in, I don't have that problem for the above reasons. However, if you are required to give a deposit, I guess you have to give one, but make sure it is a REFUNDABLE deposit should you not like the car when it comes in. Most dealers would do that for you. My dealer told me if I don't take either of the cars he ordered for me, he can easily sell them off the lot.
Good luck with yours. Can't wait to get the improved fuel economy with 302 horsepower.
#1015 of 2215 Re: steve [ghstudio]
Aug 30, 2011 (9:02 am)
Steve - It sounds like you got an amazing deal on your car. What happens to your security deposits if you total the car? What is the amount of the security deposit? I'm trying to understand if this makes sense for me. Thanks!
#1016 of 2215 Re: steve [chicagomom]
Aug 30, 2011 (9:28 am)
The security deposits are security deposits...they are not "cash down" payments....When mercedes calculates the "gap", they (should) not include security deposits in the amount you have paid...and they should cover any gap shortage.
That is one of the reasons that you don't want to make a down payment up front.....but you should use whatever money you were going to use for a down payment to buy down the finance charge with multiple security deposits. BTW, this also applies if you have a trade in....take the trade in money and don't let the dealer apply it as a cash down on the lease...insist that he apply it as multiple security deposits.....or if he is totally confused (which he will be), ask him for a check for your trade in....and then write another check for multiple security deposits.
Be prepared for the dealer to tell you that multiple security deposits aren't worth doing, your payment will go up (because you aren't making a down payment), etc. Very few dealers understand them. I bought from a major MB dealer and they haven't done a multiple security deal in 5 years...they never understood what it was and why it saved money. You need to insist that they run the numbers using the same money as a down payment as one case, and then a case using that money to buy multiple security deposits. Then add up all the payments you're going to make over the life of the lease and see which one costs less. Don't forget that you write a (big) check for multiple security deposits when you sign the lease, but you get that money back at the end of the lease.
BTW..it's ghstudio who got the deal on the diesel...not steve.
I will write more on multiple security deposits here shortly.....I continue to learn "tricks" to sweeten the deal even more. In fact, I made a mistake in my deal...I residualized the loan origination fee which made my monthly payment go up and made each "multiple security deposit" higher...so I loaned them more money than I needed to. I should have prepaid that fee. Oh well...there's always next time.
#1017 of 2215 Re: Help with purchase price of 2011 E350 4MATIC (Luxury) [abacomike]
Aug 31, 2011 (10:58 am)
Hi abacomike. Just wanted to let you know that I took your advice of quoting 3K under invoice (I actually quoted almost 3.5K under), for the exact car I wanted, making it clear that I wasn't coming in without written acceptance from them, and the deal was completed via email and the car was in my possession in two days from start to finish. Thanks a ton for your advice and assistance.
#1018 of 2215 Re: Help with purchase price of 2011 E350 4MATIC (Luxury) [njj1]
Aug 31, 2011 (11:24 am)
Had a feeling you could get your price. Just enjoy the car. This E class series is a stupendous vehicle. Far superior to the other E class models they have produced in the past.
Glad you got the exact car you wanted.
#1019 of 2215 2011 E in Houston
Sep 02, 2011 (6:00 pm)
Sticker of $57,850 ... Paid $48,850. In addition I had them add an extra $1000 on my Infiniti trade in. I originally wanted to buy a new Infiniti M37, but the more I looked at all the options in this catagory including the 535i, the E class seemed to be the best value. Although the specs show it to have less power than the M37 and the 535i, it had plenty for my driving style and the ride was by far the best.
#1020 of 2215 Re: 2011 E in Houston [ukiddenme]
Sep 02, 2011 (6:44 pm)
You certainly made the right decision in my book.
I just turned in a 2011 M37 after 13 months on a 39 month lease because I really disliked the way the car drove (transmission) and the growling sound of the car with the windows open.....and I got a great deal on a 24 month lease of a 2011 e350 BlueTec. I am MUCH happier with the Benz....it's more comfortable, it rides beautifully, it's fast enough (even the diesel).
Incidentally, with no money down on either lease and taking the maximum multiple security deposits on each lease, I am paying less per month for the $60K Mercedes on the 24 month lease then I was paying monthly on my 39 month lease of the M37.
I also drove the 535i and it just didn't work for me.
#1021 of 2215 Re: 2011 E in Houston [ghstudio]
Sep 03, 2011 (1:27 pm)
Just purchased 2011 E350 - sticker $56,495, final price $46,000 and they threw in window tint and Service A. Also gave us 1.99 financing for 5 years. Thanks for all of the great info on the board, made negotiations quick and painless!!