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Mercedes-Benz E-Class Lease Questions

2972 messages,  Last post on May 19, 2013 at 12:06 PM

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

Messages Page 176 of 298

#1742 of 2972 Re: 2011 e BlueTec lease [fq1] by ghstudio

Aug 30, 2011 (8:39 pm)

Replying to: fq1 (Aug 30, 2011 10:39 am)
I'm in Florida. My understanding is that multiple security deposits are available in most but not all states.
 
The reduction in money factor by Mercedes Finance is .00007 for each security deposit. Each finance company calculates the "security deposit" amount differently. Mercedes figures out your lease, assuming the number of multiple security deposits you want to pay and then you will pay the full amount of the monthly charge calculated times the number of security deposits you said you would pay.
 
That's probably confusing....so let me explain with numbers
 
If you tell the finance person that you want to make 10 security deposits, they will reduce the August money factor (tier 1 credit) from .0024 to .0017 and calculate the monthly payment including your local tax. You then will leave 10 monthly payments as a loan to Mercedes finance for the life of the lease.
 
If you do this, I recommend paying the lease origination fee up front as well for two reasons. You won't have to pay 4% on that fee...but perhaps more important, the calculated monthly payments will go down and you will have to loan mercedes less as multiple security deposits.
 
Many ways to play this, depending on your personal financial situation. If you are paying 20+% on your credit card loans, none of this makes any sense....go pay off your credit card. If you have cash sitting in a bank or in a CD and won't need it for the life of the lease, why not put it into multiple security deposits where you will effectively earn more than 10% on that money.

#1743 of 2972 Extending a MB lease by ghstudio

Sep 01, 2011 (5:20 am)

At the end of a lease, does Mercedes allow you to keep the car for one or more months...in other words, extend the lease if you want. Some leasing companies allow you to do this if you have another car on order FROM THEM. Others will allow you to extend for one or two months at the same monthly charge for any reason.
 
How does Mercedes handle their end of lease options?

#1744 of 2972 E350 and bluetec # for Sept vs Aug please carman by pitbull666

Sep 01, 2011 (10:51 am)

I would appreciate the new # for E350 sedan (and bluetec) for 24 and 33 mths and money factor for this month along with the comparison from the same for last month.
 
Thank you

#1745 of 2972 Re: E350 and bluetec # for Sept vs Aug please carman [pitbull666] by Car_man HOST

Sep 05, 2011 (1:27 pm)

Replying to: pitbull666 (Sep 01, 2011 10:51 am)
Hi pitbull666. Mercedes-Benz Financial's new September buy rate lease money factor and residual value for a 24 month lease of a 2011 E350 Sedan with 15,000 miles per year are .00192 and 67%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 30 month lease are .00192 and 62%.
 
It's possible that Mercedes is allowing consumers to lease vehicles for 33 months using its 30 month program this month if it qualifies for its "Value Added" program.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1746 of 2972 Re: E350 and bluetec # for Sept vs Aug please carman [Car_man] by chalkie1

Sep 06, 2011 (3:36 am)

Replying to: Car_man (Sep 05, 2011 1:27 pm)
What are the September money factors and residuals for a 12000 mile/24mo. lease, specifically on an e class blue tec diesel? Also, is there a "one pay" option, like offered by BMW, where all the lease payments are payed in one lump sum payment up front, which offers a greatly reduced money factor?

#1747 of 2972 Re: E350 and bluetec # for Sept vs Aug please carman [Car_man] by alexanderv

Sep 06, 2011 (12:54 pm)

Replying to: Car_man (Sep 05, 2011 1:27 pm)
Hello Car_man,
 
Based on your post, it appears that the residual values for September are 2% lower than in August for that E350? Can you please confirm this? Is this decreased on the E350 BT as well?
 
Thanks...Alex

#1748 of 2972 Re: E350 and bluetec # for Sept vs Aug please carman [chalkie1] by Car_man HOST

Sep 12, 2011 (5:00 pm)

Replying to: chalkie1 (Sep 06, 2011 3:36 am)
Hi chalkie1. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 24 month lease of a 2011 E350 Bluetec with 12,000 miles per year are .00192 and 76%, respectively for consumers who qualify for its top credit tiers.
 
The last time that I checked, MB Finance did indeed offer a one pay option that provided a .00110 money factor reduction to consumers who choose to go that route.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1749 of 2972 Re: E350 and bluetec # for Sept vs Aug please carman [alexanderv] by Car_man HOST

Sep 12, 2011 (5:02 pm)

Replying to: alexanderv (Sep 06, 2011 12:54 pm)
Hi Alex. I just double checked the numbers that I posted in the message that you referenced and they are indeed correct.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1750 of 2972 E350 bluetec by carlos3555

Sep 12, 2011 (7:16 pm)

Hi I ave a question regarding a 2011 bluetec lease, the offer is as follows:
 
Downpayment/ inception $2800
Miles /year 10k
Payment $569.00 tax included
Msrp $59,625 p02 premium package
 
I am hesitant to pullnthe trigger based on the numbers I am seeing posted does anyone have any thoughts? Thanks for any input.

#1751 of 2972 Re: E350 bluetec [carlos3555] by ghstudio

Sep 12, 2011 (7:39 pm)

Replying to: carlos3555 (Sep 12, 2011 7:16 pm)
While I don't know your credit tier, that's may not be a great lease deal if you are eligible for the "conquest" money (your last car must have been one of the manufacturers they are trying to conquest....ask the dealer....it's $4000)...and you should be getting a big discount off MSRP as well.
 
First, the payment should be the first month's monthly lease payment and registration fees. Something else is obviously in that $2800.
 
Second: What is your dealer charging for an acquistion fee. Mercedes finance charges $795 but many dealers give themselves another $300 profit and try to charge $1095 (I'll let you decide and negotiate which you want to pay).
 
The money factor for that car is .00194 and the residual value for September should be 77% of the sticker MSRP on the car. for a 10k/year lease....and that's what your dealer should be using (some try to play with these numbers).
 
What is the negotiated price you're paying for the car (how much are they giving you off the sticker price)?

Messages Page 176 of 298

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