Last post on May 16, 2013 at 2:46 PM
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Mercedes-Benz E-Class, Sedan, Wagon
#1727 of 1933 2013 E350 prices and changes
May 15, 2012 (9:33 am)
Hi all -
Am also at a point of perhaps having to order a 2013 E350 w/Package 1.
Does anyone know what the expected change in invoice or MSRP for the 2013 E350?
Also, it sound like there is essentially no changes either betweeen 2012 and 2013 models. The upcoming exterior front/back changes that are being introduced in 2013 in Europe, won't make it here for the US models until 2014, is that correct?
I'd much prefer upcoming changes and look.
#1728 of 1933 Re: 2013 E350 prices and changes [kumquatt]
May 16, 2012 (9:32 am)
I suspect that the "big hoopla" on the 2013's will be integrated internet connectivity which they've already announced will be in the new cars in the US. I wouldn't expect any other changes in the US. (BTW, internet connectivity is in US late 2011's and 2012's, it's just turned off in the engineering menu)
The 2014 changes sound interesting, depending on how many make it to the US and, of course, at what price. I can't even imagine the congestion cruise control that follows other cars even if they change lanes....that sounds lethal.
#1729 of 1933 Re: need to get another e350 [lawcar]
May 17, 2012 (11:24 pm)
no, it's not considered totalled although we do have gap coverage.
i'm thinking of returning the car and terminating my current lease and then leasing another identical car...with the intention of buying it at the end of the lease. any ideas on how best to go about this? tia.
#1730 of 1933 Re: Ordered car [ghstudio]
May 18, 2012 (12:50 am)
If your only relationship with USAA is banking
No, I do not believe you would be eligible. I read their qualifications and noted that one would need a policy on personal property (such as jewelry) or an auto insurance/boat insurance policy or similar. Best to give them a call - they are very accommodating and helpful. I have their credit card but my dad has a policy, and I am a member because of my dad's veteran status - but am eligible for auto pricing infer my own membership.
Best thing to do is just give them a call - they will explain everything!
#1731 of 1933 Re: need to get another e350 [mbzgal]
May 18, 2012 (1:04 am)
Badly rear ended
Your gap insurance is applicable to a total loss, not for repairable damage. In other words, if the car is not totalled, as described by the insurance company, and is repaired and fuctional for continued use, your gap coverage on the lease is not applicable at that time. However, gap coverage, I believe, has clauses regarding diminished value upon conclusion of the lease term.
Since you were rear ended, the assumption is that the accident was caused due to the negligence of the driver who hit you. You should retain a lawyer, if necessary, to collect money from the at fault driver for diminished value to your car upon lease termination.
Again, gap insurance is for total loss of use, not for repairs or the termination of a lease. To be sure of this, contact the insurance company providing your gap insurance and Mercedes Benz Financial to assess you options. Then, make an informed decision.
#1732 of 1933 Re: need to get another e350 [abacomike]
May 18, 2012 (10:17 am)
You are leasing the car, you have a set residual price. If everything has been repaired to mercedes/industry standards, there would be no basis for mercedes to charge you for "diminished value"....irrespective of gap insurance. (note: I have not read my lease on this...but I doubt that there is anything in there about dimished value, other than dents and such...)
On an even more interesting note, you could claim "deminished value" as part of your insurance claim on the other driver and at the end of the lease, you would not have any obligation to give that money to Mercedes...and since all "deminished value" claims are based on an assumption which may or may not be true, you wouldn't have to return that money to the insurance company.
I am not suggesting insurance fraud....but just trying to explain how diminished value claims might work in the world of leasing.
#1733 of 1933 Re: need to get another e350 [ghstudio]
May 20, 2012 (4:22 pm)
thanks for all of your responses!
but would the insurance company pay the diminished value amount to both myself and mb financial since technically they are the owner of the car as it is a lease?
if given a diminished value amount do you think i could negotiate with mb financial to do an even exchange for an identical car?
it looks like the prices for some of the identical options now have a higher msrp...at least that's what the dealers are showing for msrp.
#1734 of 1933 Re: need to get another e350 [mbzgal]
May 20, 2012 (4:43 pm)
Until, or unless, you return the car to Mercedes-Benz, there is no diminished value, and only if Mercedes-Benz says that the car has not been repaired properly.
It sounds like you want to turn your car into the leasing company early. Let's assume you turn the car into Mercedes and you pay the additional amounts due because of early termination of your lease. Unless there is an actual loss to you or Mercedes does insurance come into play.
Has the car been repaired as of this date? If it has not, there is no sense arguing or telling you what you should or shouldn't do! Once the car has been repaired and you attempt to return the car to Mercedes only then will it be determined if you'll owe anything to Mercedes! I think you're putting the cart before the horse!
Your entire premise makes absolutely no sense to those of us who understand diminished value and early lease terminations. I don't think we're going to make any progress here on this forum. I suggest you talk to your Mercedes-Benz dealership and get some advice from them or talk to a good lawyer!
#1735 of 1933 Re: need to get another e350 [abacomike]
May 24, 2012 (10:48 pm)
sorry i'm not an expert at understanding diminished value or early lease terminations...i was just hoping to get some advice at how best to swap out the car for another identical one now that all repairs are complete.
#1736 of 1933 Re: need to get another e350 [mbzgal]
May 25, 2012 (5:46 am)
sorry I'm not an expert at understanding diminished value
You now have a "LEASE EARLY TERMINATION" situation. You will either have to pay the remaining lease payments on the car to turn it in to Mercedes Benz Financial OR you can go to a Mercedes Benz Dealership and find the car you want - then they can take your current car in as a "trade". You would then not have remaining payments to worry about, however you will have to roll the difference between the trade value into the new lease or outright put that money "down" to reduce the lease payments.
You MIGHT have a case for diminished value if the trade value you receive from the dealer is significantly reduced due to previous damage.
Again, I would first shop for the new car you want. Make sure you do not tell the dealer you shop at what damage was done to your car. That is his responsibility, not yours, unless in your state you legally cannot withhold information about previous damage to your car from the buyer.
Should we assume that the car, after it has been repaired, does not ride or perform to your expectations? Or look acceptable? Because sometimes you are better off just keeping the car until the end of the lease. Either way, it is going to cost you quite a bit to get out of your current lease.
Good Luck! And, if there is a significant difference between trade values of two cars, one with previous damage and one without previous damage, you may have a case for diminished value. I would then get in touch with an attorney to make sure you are properly represented.