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Prices Paid: Buying & Leasing Experiences Mercedes-Benz E-Class Lease Questions
1053 messages, Last post on Dec 03, 2009 at 5:37 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I just did a lease agreement with Mercedes Benz of Fort Lauderdale. They charged .00310 money factor when the official october money factor of MB is .00270. The extra cost on the lease for 39 months is about $1400. They argue that Mercedes allows them to overcharge the customer even though my FICO is 795. Since the lessor is MB finance, what can be done with these people who during the sale stated that the residual and the money factor werenot negotiable because they were set by MB financial. |
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Why on earth would you do that? Just take your business elsewhere where you'll get the actual MF and not a marked up one. .00270 is bad enough, .00310 is a joke.
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Replying to: msf83 (Oct 24, 2009 9:13 pm)  MB of Fort Lauderdale. They are beyond being bad. After 7 years I finally moved over to another MB dealer in Pembroke Pines. It's been night and day. The same goes for the sales Dept.
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Replying to: broadbandd (Oct 17, 2009 11:29 pm) At lease signing, Mercedes-Benz Financial charges lessees their vehicle's first month's payment, a security deposit equivalent to their vehicle's payment rounded up to the nearest $50 increment, a $795 acquisition fee, any money that you choose to put down as a capitalized cost reduction (ideally this should be zero), and any required state taxes or fees. MB Financial charges some pretty hefty fees, between the $795 acquisition fee and the I believe $350 disposition fee, you're into them for nearly $1,150 before you've even paid a penny for your car. Of course, all banks charge an acquisition fee, and many charge a dispo fee, but Mercedes' has always stuck me as pushing the limits. Having said that, these fees have not stopped me from leasing a Mercedes in the past. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Oct 28, 2009 2:24 am) |
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I am trying to determine a good deal on a MB e350c 2010 with a P1 and appearance package. the price negotiated is $51k with a 36 month lease for 699/mth, with 10k miles a year. Money factor .00318. Is this a good deal?
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Replying to: mssdivaesq (Oct 30, 2009 8:48 pm) |
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yes $5k down, which is also the drive away amount. this car is not a 4matic
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Replying to: mssdivaesq (Nov 01, 2009 1:57 pm) That's way... too much. I saw ads for the last week or so, with the E350 coupe leasing for 36 months - under $4k total drive offs and $699 + tax. Push for less money down and the same payment. But, that's just my $0.02 |
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 I recently received a quote from a MB dealer, and while he claimed that their price was "$200 over invoice" the math didn't add up. The invoice that he provided showed a markup over invoice of $1050. When I questioned him, he said, "The pricing you received is $200 over our invoice. When you look up the invoice via Edmunds or another website they do not show the IRG fee of $600 and our Dealer pack fee of $250." Is he being honest here, or just padding their profit margin?
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