Last post on May 18, 2013 at 11:53 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#1758 of 2971 Re: Car Man need help [gperry]
Sep 13, 2011 (5:26 am)
The BlueTec has a significantly higher residual on the 24 month lease right now then the gas models....so don't let that confuse you. A similarly equipped gas e 350 would cost about $125-150 per month more on a 24 month lease. For longer leases, the two get closer. Actually if you compare the 24 month Bluetec lease to a 36 month lease on the same car, you will pay more per month for the 36 month lease. Clearly, the best Mercedes e class deal right now is the BlueTec...which is pretty strange since the 2012 has no changes from the very recent build 2011's.
The other difference is that most of the deals discussed here are from folks who qualify for the "Conquest" $4000 deal which is based on the car you are coming from....that makes a very big difference in a lease....bringing the monthly payment down roughly $170/mo on a 24 mo lease for those who qualify. For the deal just discussed above, it would be about $730 a month for any gas e350.
Finally, some of us take multiple security deposits to further reduce the cost of the lease. It's a great deal, but the option is poorly understood by both the dealers and buyers, so few do it. I am saving $1700 on my lease by loaning Mercedes about $5000 for two years...I get that money back. That's a great return on my money which would otherwise sit in a bank earning about 1% today, if I'm lucky.
#1759 of 2971 Re: Car Man need help [ghstudio] one more thing
Sep 13, 2011 (5:37 am)
Thanks for clearing that up. Does the BluTec come in 4matic? The dealer says they are giving me 4k off due to incentives and that my wife bought a Volvo off them and they sell them as well and some sort of 1k incentive.
I am looking at 33 mo lease, w 10k miles. Still payments are coming out to around 620 mo. W about 4500 at closing due. Still seems high to me.
I have a GL450 loaded 2007 w 75k miles I bought from them. Haven't even discussed trade yet, owe 26k on it.
Look forward to your response thanks for your help.
#1760 of 2971 Re: Car Man need help [ghstudio] one more thing [gperry]
Sep 13, 2011 (6:02 am)
sorry, I think the 4matic is only available with the gas engine.
Most of us are getting roughly $4K off MSRP plus the $4K conquest money for a total of $8K or more off any of the 2011 e class cars....some are getting a bit more. What is the MSRP for the car you are considering...and what will the dealer sell it to you for (your negotiated price). What is the dealer charging for the acquisition fee/bank fee....and what are they charging for "administrative fees"?
#1761 of 2971 2011 Mercedes E350 4 Matic Sport
Sep 17, 2011 (6:27 am)
After Studying the Forums on Edmunds I beleive I just pulled off the Deal of the year !!!
I had 11 months left on a 2009 Infiniti G37x Coupe payyoff was $32,435 11 payments on a 3 year lease of $563.00 per month. The MB dealership paid off my car IN FULL.
Manheim's Best price for Solds was 26k.
I took advantage of the MB 10 security deposit that I learned about on Edmunds.
I leased a 2011 MB E350 4 Matic Sport Model P1 with Panoramic roof stick $59,640
24 months / 30k miles
$1686.00 out of pocket (First month, Acquisition, tax, plate transfer)
23 more payments of $619.00 I have leased allot of cars and worked deals really hard.
But Im Sure this is this one takes the cake ...
I contacted 5 other MB dealerships and they all told me NO WAY !!!
I am burning GAS and this vehicle is an amazing machine.
Automotive Marc ...
Sep 18, 2011 (7:13 am)
First of all a big thank you to Car_Man and the board, you guys literally saved me thousands! I definitely pushed the dealer to the limit with this deal, but I'm thrilled with the car and the deal I got.
2011 E350 4matic, P1, AMG wheel package, split folding rear seats, sport package
Took advantage of 10 security deposits (dealer had never done that before, took some calling around)
33 month lease, 12k/year
Negotiated price with Conquest: $48,695
Drive off: $859 (First monthly payment, Title/License/Registration)
Monthly payment: 463.59 plus tax
Residual (64%): $37,564
#1763 of 2971 Re: E350 4Matic (Seattle) [seattlecruiser]
Sep 18, 2011 (10:30 am)
Congratulations, seattlecruiser! I have two questions for you.
1. For each security deposit, I have heard that you receive 0.00007 reduction in MF. Is this what you received? So for 10 security deposits MF=0.00170 (~4% interest), correct?
2. If you elect to pay multiple security deposits, is the money held with the leasing dealer or MB finance? The reason for my query is that we may move, so we would likely return the car to an MB dealer in a different state.
#1764 of 2971 Re: E350 4Matic (Seattle) [dewarsandsoda]
Sep 18, 2011 (10:49 am)
Correct, you get a 0.00007 reduction per deposit. Combined with auto-pay it ended up being a money factor of 0.0015, or 3.6%. The security deposit is submitted to MB Financial with the other paperwork. I wrote two checks, one for the drive-off to the dealer, and a second one for the security deposit. Hope this helps.
#1765 of 2971 Re: E350 4Matic (Seattle) [dewarsandsoda]
Sep 18, 2011 (11:32 am)
I forgot about the lease origination fee that was rolled into the gross capitalized cost, so the money factor in the previous post is incorrect. It's actually 0.00112, or 2.7% with the 10 security deposits.