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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#1748 of 3255 Re: E350 and bluetec # for Sept vs Aug please carman [chalkie1]
Sep 12, 2011 (4:00 pm)
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.
Prices Paid: Buying & Leasing Experiences Forum
#1749 of 3255 Re: E350 and bluetec # for Sept vs Aug please carman [alexanderv]
Sep 12, 2011 (4:02 pm)
Hi Alex. I just double checked the numbers that I posted in the message that you referenced and they are indeed correct.
Prices Paid: Buying & Leasing Experiences Forum
Sep 12, 2011 (6:16 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 3255 Re: E350 bluetec [carlos3555]
Sep 12, 2011 (6:39 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)?
#1752 of 3255 Re: E350 bluetec [ghstudio]
Sep 12, 2011 (6:49 pm)
I currently have a BMW and the 4k "conquest money" is factored in already. How much is a reasonable reduction in the msrp? I believe they may have brought down the msrp by another 4k. they havent been willing to negotiate the price since they say the car is in high demand
#1753 of 3255 Re: E350 bluetec [carlos3555]
Sep 12, 2011 (7:28 pm)
8K off MSRP is reasonable...it's about what I got last month on almost exactly the same car. But there is still something wrong with the numbers. Did you buy prepaid maintenance or is there some other fee or are you in one of the states where you have to pay all the tax up front???? How about the answers to the other questions (acquisition fee/mf/residual being used)....
I just ran your rough numbers...assuming 8K off MSRP, $795 acquisition fee and a dealer prep of $695 (what I paid) and your payment without tax and paying only the first month lease and registration fees up front...rolling all other fees into the lease....I come up with approx $510/mo plus tax.
BTW...if you have about $4500 that you're willing to loan Mercedes as "multiple security deposits", your monthly payment would go down to about $442/mo plus tax AND you will get that $4500 back at the end of the 24 month lease...it is a security deposit, not a down payment.
#1754 of 3255 Re: E350 bluetec [ghstudio]
Sep 12, 2011 (7:42 pm)
I am in Florida, the 2,800.00 includes 1st month, acquisition, dealer prep and bank fees. I do not know the residual value right now and the $569 payment includes 7.5% tax. I know they were running numbers based on tier 1 credit, any suggestion on what to counter offer tomorrow?
#1755 of 3255 Re: E350 bluetec [carlos3555]
Sep 12, 2011 (8:17 pm)
It depends how much you want the car...I did less haggling then usual because it was the only Bluetec on my dealers lot and it had the right equipment and colors.
I would think I would aim at about $550/mo including tax with your first payment being only the $550 (first months lease payment) plus the registration/transfer fees and any nuisance fees like tire/battery disposal fees, etc. if there are any. No other money paid up front. This would assume that any acquisition fee/bank fee/dealer fee are part of the lease...not paid up front.
Actually, if it were really me, I'd loan them the $4500 (10 multiple security deposits) which earns almost nothing sitting in a bank but would save me about $1700 over the 24 months by letting it sit in mercedes bank account instead of mine.
Give it a try....it's a great car and even if you wind up paying a bit more, it's a great deal due to that $4000 Conquest contribution and the incredibly high residual.
#1756 of 3255 Re: E350 bluetec [ghstudio]
Sep 12, 2011 (8:33 pm)
Thank you very much, you have been very helpful ...this dealer has 2 similar cars but other dealers do not have many.
#1757 of 3255 Car Man need help
Sep 13, 2011 (1:53 am)
Car Man I am trying to lease a 2011 E350 4matic w P1 package and my dealer is not getting Anywhere close to the numbers I see others getting. Can you give me an idea on what I should be shooting for price wise? Can you breakdown the incentives? If I need to go to another dealer I guess I could do that. Also thoughts on BlueTec?