Last post on Dec 03, 2013 at 4:45 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Mercedes-Benz E-Class, Sedan, Wagon
#1390 of 2212 Re: Adventures in USAA incentives [bevbran]
Dec 27, 2011 (8:20 am)
Yes. My Dad took out a $250 insurance policy on his ring. Cost us $25.00. Then, we were qualified for the USAA incentive.
Yes, that is the kind of deal that people are getting with loyalty,etc. That's what I got, $7200 below sticker plus 3 years of maintenance, worth almost $1000. The USAA incentive was only $1500 ($500 over invoice less $2000). I was able to get both the USAA and the loyalty, as well.
Sounds like you got a great deal. I just hope they get the car to you quickly. My port of entry is in Savannah. Then, they load it on a truck to Jacksonville. The Jacksonville port is not large or deep enough for the kinds of ships that bring Mercedes Benz Vehicles to this country. So there is a longer delay.
Just hope you get it right after New Years, or, who knows, before? You are going to love the car. Those incentives sure come in handy, don't they? You got $4000 in incentives because of the double loyalty available - owner loyalty and MB Financial Loyalty.
Just enjoy, and Happy New Year to you and your family!
#1391 of 2212 Re: Update for Mike [abacomike]
Dec 27, 2011 (8:38 am)
Yes, I was thinking about keeping car for 7 years, only because my thoughts on buying were that I could own a car without payments for several years after the car is paid off, which is why I was going the purchase route rather than the lease. My deal is $7,000 below MSRP (inc. BMW conquest) at the 0.9% with $2,500 down and payments of $891/month for 60 months. The financing guy said that with my excellent credit and low down payment (less than tax and license), he would suggest a 51 month lease (since I was going the 60-month purchase), the drive off would be around $1,300 and payments would be $756/month ($135/month less than buying), with $0 cap and $27,000 residual which could probably be negotiated down when lease expires. I thought I would still go the purchase route. What do you think about the 51-month? I know that most leases are 36 months and MB normally has 30 months.
With the extra service package, I was doing the numbers and while the extra $5/month for 66 months only adds up to $330, the extra 6 months at $896/month totals $59,136, which is $5,676 more than $891/month for 60 months. This is quite a bit more than first blush at the $2,895 package (since it is being financed). I saw what you said about the extended warranty; if I don't keep car more than 4 years I don't need it, and I can always buy it later.
#1393 of 2212 Re: Adventures in USAA incentives [bevbran]
Dec 27, 2011 (9:31 am)
Mike, do all the MBs go to one port (Savannah?)...or does it depend upon what part of the country they're headed to?
#1394 of 2212 Re: Mfr and dealer incentive. [sengopalcricke]
Dec 27, 2011 (9:50 am)
I'm in Houston. The 2 dealerships that would go $6,000+ off were MB of Sugarland and MB of Houston North.
#1395 of 2212 Re: Adventures in USAA incentives [bevbran]
Dec 27, 2011 (9:57 am)
No, Jersey has one, LA, Seattle, New Orleans
#1396 of 2212 Re: Update for Mike [lawcar]
Dec 27, 2011 (9:59 am)
Yes! You just need to do what is best for you now. You have your deal, the rest is just signatures.
#1397 of 2212 Re: My personal reflections...
Dec 27, 2011 (10:23 am)
I would first like to thank everyone who has posted comments and suggestions and given information about the E350. Although I never met Mike or heard of him two weeks ago when I started looking at the E350, I truly appreciate the time and patience he has given to all of us; after all he isn't getting paid for this. I, for one, have learned so much. We all have opinions and maybe the impersonal nature of the Internet allows us to say things we wouldn't say if we were face to face. In any event, to all who agree or disagree, let's remember that we all have the E350 in common, either now or in the future.
#1398 of 2212 Re: Mfr and dealer incentive. [bzjam]
Dec 27, 2011 (11:31 am)
I don't know why I bother, but here it goes again.
I got 7200 below sticker off my deal, PLUS I got 3 years of maintenance. That's almost 8000 below sticker off the car I ordered and got in October. if your deal was 7000 below sticker, then the dealer lost almost 3000. If your dealer wants to lose $3000 (less his hold back which is about $1500, then fine.
If you say you found a dealer who would sell you a car for a loss, then that's what you did. Without incentives or dealer cash or loyalty, which means the dealer has nothing to present to Mercedes for reimbursement, then he just lost money.
HAVE LOTS OF LUCK WITH YOUR NEW CAR
#1399 of 2212 Re: Update for Mike [abacomike]
Dec 27, 2011 (1:04 pm)
Will do. Thanks again for all of your assistance and have a great new year!