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Mercedes-Benz E-Class Lease Questions

1049 messages,  Last post on Nov 25, 2009 at 12:39 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon


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#1008 of 1049
Re: E350 Release deal just got today. Please help! [broadbandd] by Car_man HOST
Oct 28, 2009 (2:24 am)
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Replying to: broadbandd (Oct 17, 2009 11:29 pm)

That's ridiculous that the dealer won't break down the $2,500 that's due at lease signing for you. That alone would be enough to make me shop around for a dealer that is more straightforward.
 
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
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Prices Paid: Buying & Leasing Experiences Forum
#1009 of 1049
Re: E350 Release deal just got today. Please help! [Car_man] by benzsales
Oct 28, 2009 (10:55 am)
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Replying to: Car_man (Oct 28, 2009 2:24 am)

Mercedes Benz Financial doesn't charge security deposits. Any dealer telling you they do are lying.
#1010 of 1049
Help by mssdivaesq
Oct 30, 2009 (8:48 pm)
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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?
#1011 of 1049
Re: Help [mssdivaesq] by frogger97
Oct 30, 2009 (9:43 pm)
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Replying to: mssdivaesq (Oct 30, 2009 8:48 pm)

Is there any money down and what is the drive away amount? Is this 4matic?
#1012 of 1049
offer for e350c by mssdivaesq
Nov 01, 2009 (1:57 pm)
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yes $5k down, which is also the drive away amount. this car is not a 4matic
#1013 of 1049
Re: offer for e350c [mssdivaesq] by spybond
Nov 02, 2009 (9:15 am)
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Replying to: mssdivaesq (Nov 01, 2009 1:57 pm)

Mssdivaesq,
 
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
#1014 of 1049
Invoice Price? or hidden fees? by mjr2u
Nov 03, 2009 (10:34 am)
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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?
#1015 of 1049
Re: Invoice Price? or hidden fees? [mjr2u] by frogger97
Nov 03, 2009 (11:47 am)
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Replying to: mjr2u (Nov 03, 2009 10:34 am)

To answer your question, what is the model and is it 4 matic with what package? What is the MSRP and what is the sales price he quoted?
#1016 of 1049
Re: Invoice Price? or hidden fees? [frogger97] by mjr2u
Nov 03, 2009 (12:36 pm)
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Replying to: frogger97 (Nov 03, 2009 11:47 am)

Here is a copy of the pricing details of the invoice. It is for an E550, not 4 matic. He said that he sent me this invoice to show me that they really are only marking their cars up $200 over invoice, although what he sent me isn't the car that I'm interested in, nor even the model.
 
                                                         Dealer NET PRICE
MODEL DESC : E550W $ 52,359
-------------------------------------------------------------------------------
CODE ACCESSORY DESCRIPTION
 
650 Arctic White
201 Black Leather
P01 P1: Premium I 4,092
298 Rear Side Airbag (Sept Prod) 381
321 321 Sport Package
230 PARKTRONIC with Parking Guidance 884
277 Sport Steering Wheel
432 Drive Dynamic Multicontour Driver Seat w/Mass 605
736 Black Ash Wood Trim
--- -----------------------------------------SUBTOTAL 58,321
025 Transportation And Handling 875
905 IRG Participation 600
 
053 Dealer Pack Fee 250
--- --------------------------------------------TOTAL 60,046
#1017 of 1049
Re: Invoice Price? or hidden fees? [mjr2u] by kyfdx HOST
Nov 03, 2009 (12:54 pm)
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Replying to: mjr2u (Nov 03, 2009 12:36 pm)

The IRG Participation is an advertising charge... The dealer is correct that Edmunds invoice doesn't show those charges, as they vary regionally and by specific dealer (some dealers don't participate in the regional advertising).
 
Dealer Pack Fee? Maybe it is on his invoice... not sure what that is.. but, it sounds like something the dealer might get back, in the end...
 
I'm all for squeezing every dollar out of a deal... But, overall, I'd say this dealer is being pretty straight with you..
 
regards,
kyfdx

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