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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#1761 of 3245 2011 Mercedes E350 4 Matic Sport
Sep 17, 2011 (5:27 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 (6:13 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 3245 Re: E350 4Matic (Seattle) [seattlecruiser]
Sep 18, 2011 (9:30 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 3245 Re: E350 4Matic (Seattle) [dewarsandsoda]
Sep 18, 2011 (9:49 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 3245 Re: E350 4Matic (Seattle) [dewarsandsoda]
Sep 18, 2011 (10:32 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.
#1768 of 3245 Re: E350 4Matic (Seattle) [seattlecruiser]
Sep 18, 2011 (2:47 pm)
You're welcome seattlecruiser. I'm glad that we have been able to help you out. Congratulations on getting your sweet new ride !
Prices Paid: Buying & Leasing Experiences Forum
#1769 of 3245 Re: E350 4Matic (Seattle) [seattlecruiser]
Sep 19, 2011 (6:28 am)
Thanks for the guidance, seattlecruiser. I have one remaining question. What is the amount of each security deposit?
#1770 of 3245 2011 E350 Bluetech MF's & RV's
Sep 19, 2011 (6:31 am)
Can you please provide the MF's and RV's for the following leases on a 2011 E350 Bluetech?
1. 24month/12k miles per year
2. 33month/12k miles per year
3. 33month/15k miles per year