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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
Nov 20, 2011 (11:18 am)
It looks like your dealer is giving you about a $4800 discount on the car...so my guess is that you must qualify for some discount (leasing, previous mercedes finance customer, competive car owner/conquest). The real question for me would be how much is he selling me the car for without that extra discount.
I am not sure what the rental surcharge is in that up front payment...perhaps it's required in Florida. I would not pay the extra money as a down payment. If you paid the mercedes rate, it would drop your monthly payment by about $26 a month.
Finally, if you are going to lease, you might be able to residualize the mercedes basic maintanance. If the cost is $1500 and they add it as a feature, then you will only pay 35% of that cost....because it's treated like any other feature on the car. Some dealers do it this way and it's a great deal. Other dealers don't...they will charge you the full $1500 just paid monthly, in which case there is no reason to do it. My advice...play dumb. Ask them to calculate the lease both with and without maintenance...and then figure the difference in the monthly payments, multiply by 30 and see how much it's really costing you vs the MSRP of the maintenance. In my case I got $750 worth of maintenance for $250.
Now if you really want to save some money, get a bluetec instead of the gas e and you'll save about $75 a month. If you haven't driven one, give it a try...it's a terrific car. And with multiple security deposits, you'd be paying about $580/month...I'm also in florida and my 2011 bluetec is just a great car.
#2044 of 3246 Re: E350 Bluetec [chalkie1]
Nov 22, 2011 (5:35 pm)
No problem chalkie1. Unfortunately, it's difficult to say what Mercedes' January programs will be like at this point.
Prices Paid: Buying & Leasing Experiences Forum
#2045 of 3246 Re: 2012 E 350 Convertible Lease #s - Help Needed! [gocard1]
Nov 22, 2011 (5:39 pm)
Hi gocard1. Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 36-month lease of a 2012 E350 Convertible with 12,000 miles per year are .00167 and 59%, respectively for consumers who qualify for its top credit tier.
The residual value for a lease with only 10,000 miles per year would be 1% higher.
I suppose that you would have to use Mercedes-Benz Financial's standard lease money factor if you want to make multiple security deposits. Its buy rate standard factor for Tier 1 customers is .00225. You can subtract .00007 from that for every additional deposit.
If I was in the market for this car right now, I personally would shoot for a selling price of $500 to to $1,000 (preferably at the lower end of that range) over invoice minus any available loyalty or conquest cash incentives.
Prices Paid: Buying & Leasing Experiences Forum
#2046 of 3246 Leasing a Mercedes E350
Nov 23, 2011 (9:11 pm)
I have a couple questions regarding leasing a 2012 E350.
It's a 4MATIC with Premium Package 2, and has Black Metallic paint. The total came out to 60k. (2012 model year)
I want to lease the car for 36 months with no down payment.
I opted for 12k miles.
The tax in my county is 8.5%
I am in the Tier 1 credit rating group.
(1) The dealer is offering $950/month, and am wondering if this is a good deal.
(2) Are there any additional services I can get from my dealer? Such as free maintenance for a year, free car washes, etc?
Everything but the license plate and title are included in the $950/month.
Thank you in advance.
#2047 of 3246 Re: Leasing a Mercedes E350 [jhark]
Nov 24, 2011 (4:05 am)
Assuming a reasonable $2000 discount off MSRP, mercedes finance's $795 acquisition fee, a $695 dealer admin fee.....and then applying Mercedes finance's tier 1 money factor this month for the 4-matic of .00146 with a residual of 59% after 36 months, your monthly payments including tax should be about $880...not $950.
The dealer is likely marking up the acquistion fee and/or marking up the money factor..or not giving you a reasonable discount on the car.
You might want to ask the dealer what discount he is giving you on the car; what money factor they are using; what is their dealer administrative fee; and what is the lease acquisition fee.....or of course, you could just offer them $880 a month including tax and see if they'll meet it.
#2048 of 3246 Help! To MSD or Not to MSD -- That Is the ?
Nov 26, 2011 (11:36 pm)
Looking at 2012 E 350 Cabriolet. MB Dealer said they do MSDs but only on standard money factor rate (in my case Tier 1) and not the promotional rate. They showed me it in their book.
The standard MF rate is .00225. If I do the MSDs, it drops it to .00155.
The promo MF rate is .00167.
So, the benefit of doing MSDs is .00012. I've heard great encouragement for MSDs on this forum, but with this small a spread between the promo rate and the standard rate with MSDs, it strikes me as not worth it to tie up what will be around $7k-$8k in MSDs for 3 years (even though I get them back). Am I viewing this right. Do you agree?
#2049 of 3246 December Info Available?
Nov 28, 2011 (3:34 pm)
Is there any info on December incentives, MFs, residuals, etc. available for the E350 gas sedans? Trying to determine if I should do a deal this month or wait until December. Thanks for any info.
#2050 of 3246 Re: December Info Available? [gator5000e]
Nov 28, 2011 (4:42 pm)
When you know December numbers, the November numbers won't be available. It shouldn't come as a surprise that they don't publish the numbers to the dealers early because everyone would do what you want to do.
Take your best shot....
#2051 of 3246 Re: December Info Available? [gator5000e]
Nov 28, 2011 (6:46 pm)
Here's the deal I got. I'm in Long Island. E350 sedan with premium 1 and split folding rear seat. 2012 black.
12k miles a year
First month, bank and tags - $1815
Monthly pmt - $667
$338 plates doc tire tax
Suffolk County - 8.625 tax
$MSRP - $57785
Paid - 52585
Gave me winter incentive of $2k included in price paid.
The car is sick. I've always had Hondas (four). This is my first luxury car and I love driving it. Engine is noisy outside the car. Sounds weird but you can't hear it when you're driving. The car is comfortable and sneaky fast. Gts up to 90-100 and it feels like 60. Such a smooth ride and you can feel its strength. I'm hooked. Best car I've ever driven by far. It makes driving an experience.
#2052 of 3246 Re: December Info Available? [snooplives]
Nov 28, 2011 (7:51 pm)
Well congratulations on getting screwed HARDCORE!!! A P1 car is not worth $667 a month with taxes upfront... that's the price of the car TAXES IN THE PAYMENT! I just checked with my dealer who did my E class, with the same amount you did due at signing your payment should be in mid$500's