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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#136 of 3269 Re: Car_man where are you? [lanewbie]
Jun 20, 2006 (3:38 am)
Here you go, lanewbie. If you were to lease a 2006 Mercedes-Benz E350 Sedan through Mercedes-Benz Credit right now for 39 months (it is more attractive than the 36 month term) with 12,000 miles per year, its buy rate lease money factor and residual value should be .00230 and 59%, respectively. This factor assumes that you pay a security deposit and acquisition fee and that you qualify for Mercedes-Benz Credit's top credit tier. It is impossible to get a lower money factor than Mercedes-Benz Credit's published buy rates unless they are leasing through an independent bank. I doubt that any independent banks have a lease program than the one that Mercedes has on this car right now. When negotiating your capitalized cost for this car, keep in mind that Mercedes is providing a $2,000 bonus for leases of it through Mercedes-Benz Credit.
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#137 of 3269 Re: Car_man where are you? [Car_man]
Jun 20, 2006 (7:18 am)
So, please explaine to me, because I still don;t understand the way you telling about lease process. Before I got my car I saw program on MB website
about $2900 gap cost
Aq. fee $800
Total $4,200 due at singing and payment about $580 a month plus tax.
I gor mine without any GAp Cost for 650 including tax.
total due at signing was $1,800 including 1st payment and MV fees. How do they do this and could I get even better deal ?
#138 of 3269 Re: Car_man where are you? [Car_man]
Jun 20, 2006 (8:28 pm)
Thanks car_man. That's very helpful. I was offered a 2006 at $2000 under invoice, so that must be due to the $2000 bonus. Can you tell me whether the $2000 bonus will apply to the 2007s? If not, should I expect to use the invoice amount as the capitalized cost, or would I have to go more than that?
#139 of 3269 Lease/balloon finance statistics for 2006 CDI in Texas?
Jun 21, 2006 (7:21 pm)
I'm considering the lease of a 2006 E320 CDI in Texas. Can anyone tell me what to expect in terms of residual (12k for 39 mos), lease factor, cash or other incentives on sales price? Thanks.
#140 of 3269 Re: Lease/balloon finance statistics for 2006 CDI in Texas? [whichluxurycar]
Jun 23, 2006 (12:08 pm)
expect 60-62% residual, .00230 money factor for 39 months for tier 1 credit. You should be able to get at least $5k off of msrp, maybe better. The e350s have been discounting $7500-9000 off msrp, just not sure on the diesels.
Also see if the local dealer will work out any tax credit for you. The Texas dealers sometimes have trade in credits from MB that allows them to offset the sales tax for a 1% fee. Since TX charges tax on the full purchase price, the tax credit can save you $3K or more.
#141 of 3269 Help finding a leasing company
Jun 25, 2006 (6:00 pm)
I have negotiated a great deal on a new E350 wagon ($10,200 off of MSRP) at my local Souther California dealership. The dealer quoted me a payment of $620 per month on a 36-month lease. He gave me a residual of 52% and a money factor of .00219, and 12000 miles. This would include a $932 cap cost reduction. How can I find a leasing company that will give me a better residual of say 60-62%? I would actually prefer a 24 to 27-month lease at only 7500 miles. What residual could I expect with that term?
#142 of 3269 Re: Help finding a leasing company [venturacarguy]
Jun 25, 2006 (10:30 pm)
The money factor is not bad, the best I saw was a May rate of .0023. Maybe 0.00219 is the June rate. car_man, can you confirm?
As far as residual, it should be up around 59% for a 39 month lease at 12000 miles, or 57% for 7500 miles. If you dropped to a 27 month lease, the 7500 mile residual should be 72%.
#143 of 3269 Re: Help finding a leasing company [lanewbie]
Jun 26, 2006 (12:58 pm)
I agree that the money factor is great, but the question is, where do I get a lessor that has the higher residual? Is it MB Credit?
#144 of 3269 Re: Help finding a leasing company [venturacarguy]
Jun 26, 2006 (5:37 pm)
Yes. Those numbers are straight from the Mercedes credit book.
#145 of 3269 Lease Research
Jun 27, 2006 (5:22 am)
I have just begun my research on buying a car and found your posts quite helpful. Two questions:
1. Where can you find the manufacturer's (in this case let's say MB, but also will want it for a few other car manufacturers) current specials (rebates, etc) and MF offerings for the month so I am prepared when I go in? Is there a posting somewhere that makes it easy to pull it off? Is it done monthly, so that if I walk into the dealer that month I know they have that MF and dealer discounts available to them to play ball with such that the only real decision on their part is how desperate they are to move the car which translates, for me, into how close I can get him/her to go to the invoice price (taking into account that with a dealer rebate this gives them more cushion)?
2. Any suggestions on cars if this is what I am looking for:
My wife and I have a big sedan, so looking for more of a sporty car (need a small back seat), possibly a convertible. With little to no money down I would like to stay under $700/month (it would be great to be in the 6s, but we'll see). Just don't know if I want to get the BMW (so common), and I do like the CLK (also the E-Class). However, I am not set on a convertible and if I can get a lot more of my buck on a hard top deal I would do it.
3. Lastly, and really continuing on #2 above, what about A) buying a pre-owned (used), certified car from the dealership as long as the body has not changed? Does this make sense (rather lease and not finance) so I can get more bang for my buck?
B) taking over someones lease on a car that may have only 24 months remaining (i like that so I can switch out sooner)? Any downside to doing that?
Thanks a lot.