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
#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!!!
#2053 of 2212 Re: 2014 E350--here is the deal I got. [rallo1]
Sep 06, 2013 (1:52 pm)
I believe the mercedes lease is quite specific about maintenance...and if you don't have receipts showing that every item on their recommended maintenance has been done, you may be asked to pay at the end. Check on that before you decide to just do oil changes at walmart. Those oil changes could be very expensive. Remember on a lease, Mercedes (not you) owns the car....so they can be specific on where, etc you do maintenance.
#2054 of 2212 Re: 2014 E350--here is the deal I got. [ghstudio]
Sep 06, 2013 (7:09 pm)
My understanding is that the leasing company owns the car not Mercedes--I could be wrong, but that is my understanding. I am certain that Mercedes cannot force you to do the MAINT with them...
#2055 of 2212 Re: 2014 E350--here is the deal I got. [rallo1]
Sep 07, 2013 (8:27 am)
Mercedes can not require you to use their service....they can however require you to do all the items in every service and be able to show that you did them.
actually, most leasing companies require that, but only Mercedes tries to enforce it.
Mercedes Finance owns the cars, not Mercedes Motorcars.
Sep 07, 2013 (10:15 am)
I have this $3500 discount certificate for 2014 E350 based on the new affinity relationship between MB and United (premier status flier). Should I expect this to be treated as "real" money -- in addition to a discount in 10% range. Or is this a gimmick -- just representing the discount they would offer anyway.
What should I expect?
10% off plus 3500?
10% off total?
(Or, don't say it, less)
#2057 of 2212 Re: 2014 E350--here is the deal I got. [rallo1]
Sep 07, 2013 (9:01 pm)
Which dealers were you working with in SoCal and which one did you go with? It appears you were able to bring the MSRP price down by +/- 15%. Nice work. I'm not too familiar with the one pay lease option and was planning on purchasing the vehicle. Thanks for posting your details.
Do members of this forum believe 10%-15% off MSRP is reasonable for the E250 as well?? At this point with the imminent release of the E250 and increased demand, I don't believe that kind of reduction is out there but perhaps by winter when inventory builds it might seem like a reasonable price point. Thoughts?