Last post on Dec 03, 2013 at 4:45 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz E-Class, Sedan, Wagon
#2043 of 2212 Re: Is this a good deal? [ghstudio]
Aug 20, 2013 (4:37 pm)
If you are getting 10K off without some sort of bonus money from somewhere, even on a 2014 e550, I want to know your dealer...I'll order a car tomorrow.
I wonder if there are any of those manufacturer to dealer certificates out there which would not be publicly known to us. I paid $58,000 for mine which MSRP'd for $64,850 - but that included USAA + Mercddes Benz Club Fleet Discount. If you price out a $64850 car on Edmunds, the average buyer can get it for about $60,000, so I would think that there must be some factory incentive to dealers on these cars now. My dealer currently has 75 of them on the lot right now so I truly believe there is a coupon or similar incentive out there. I know that Mercedes is out to take top place for German imported cars here in the USA - so something must be available.
#2044 of 2212 Re: For those looking for value ... [bill_999]
Aug 20, 2013 (6:01 pm)
Hi Bill. It was Star Motors. They had three left with one being a black E400 Hybrid. The MSRP ranged from 60 to 62K. I asked my sales rep if they would sell the others for the same $12K off and he said they would. His name was Ed. They all had P1 and a couple of extras. This type of discount takes a big bite out of the first year depreciation.
#2045 of 2212 Re: For those looking for value ... [ukiddenme]
Aug 20, 2013 (7:10 pm)
Thank you very much. I'll contact Star Motors soon. Hope to get a good deal, too ^_^
It seems to be an auction based dealer. Not sure how it works but doubt we can get better deals there relative to other dealers. Any comments on this?
#2046 of 2212 Re: For those looking for value ... [bill_999]
Aug 21, 2013 (4:13 pm)
I'm not sure if we are talking about the same dealer. I dealt with the dealership on 7000 Old Katy Rd., Houston, TX 77024. I was told by the salesman and the sales manager that they would sell all three remaining E Classes with the same $12,000 discount. I looked at all three and I believe they all have less than 20 miles on them. If you were told something else, let me know and I will make a call for you.
#2047 of 2212 2014 E550 4Matic Lease
Aug 24, 2013 (7:49 pm)
Signed the papers today and couldn't be happier. Data is as follows. I'm sure there are better deals out there, but I am pleased since I don't get fleet pricing or USAA.
MSRP - 70,440
Discount - 5,700
Terms - 36/months, 15K/miles per year
Residual - 60%
Downpayment or Cap Cost Reduction - 2,000
Money Factor - buy rate of .00195
Payment of 872.44 per month
Not that we can change anything at this point, but I'm interested to hear if people generally think I did well. Thanks in advance.
#2048 of 2212 Re: 2014 E550 4Matic Lease [mafitch]
Aug 25, 2013 (9:34 am)
You might have done better to do multiple security deposits vs that capital cost reduction up front...it might have saved you about $56 a month if you had loaned Mercedes $7200 up front which you would get back at the end of the lease. A quick calculation shows that you might have saved just over $2000 doing the maximum 7 MSD's...$7200. To earn that $2000 in a bank, you would have to earn about 9% a year!! I also don't know if you can take MSD's against the .00195 rate...and of course you have to have $7200 that you can loan.....so this might not apply in your case.
Oh well...something to consider for next time
#2049 of 2212 Re: 2014 E550 4Matic Lease [ghstudio]
Aug 25, 2013 (1:20 pm)
Being that this is my first lease, my main concern was trying not to get financially raped for lack of a better description. Leasing is so confusing with so many levers that can be pulled to change what the final outcome, your payment, will be. I didn't pay any security deposit and I certainly wasn't aware that paying one was a good thing or that doing multiple security deposits would be a good thing. Frankly, I can think of a long list of mutual funds that would earn double that 9% figure per year over the span of three years, but I will consider it next time if there is an advantage. Either way, thanks for responding and I hope someone is able to use something from my deal to get an even better one.
#2050 of 2212 Re: For those looking for value ... [ukiddenme]
Sep 06, 2013 (8:54 am)
What was the name of the manager? I am currently discussing with them on an e-class. Thanks.
#2051 of 2212 Re: 2014 E550 4Matic Lease [mafitch]
Sep 06, 2013 (10:42 am)
If you can make over 9% per year guaranteed with mutual funds over the next three years....go for it....and get every one of your friends into those funds.
#2052 of 2212 2014 E350--here is the deal I got.
Sep 06, 2013 (12:45 pm)
I used this board daily to help neg my price-thank you all for posting. I thought I would share the deal I signed last night. San Diego, CA.
2014 E350 MSRP $57,450
27 month lease
One Pay lease $14,100.
By paying the lease upfront I saved $1,766--for me that was a no brainer. I know some of you will disagree, but for me the 10% was too good to pass up. I had to work 4-5 dealers to get to this price. Had I did monthly, my payments would have been $501 with $2,840 down.
$501 x $13,026 + $2840 = $15,866.00
$14,100 ONE PAY
Savings with one pay $1,766 or 10%
I declined the Maintenance program--I will get the 2 oil changes at walmart
For those of you in CA--I hope this helps!!!