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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#2149 of 3258 Re: February Lease Rate 24/30/33/36 [bobby29oc]
Feb 12, 2012 (8:16 am)
Hi bobby29oc. Mercedes-Benz Financial's February 2012 buy rate lease money factor and residual value for a 24-month lease of a 2012 E350 Sedan with 12,000 miles per year are .00157 and 68%, respectively for consumers who qualify for its top credit tier.
The numbers for otherwise identical 30- and 36-month leases are .00157 / 63% and .00157 / 54%.
If this car is eligible for Mercedes' "Value Added" program, and I suspect that it is, you can use its 30-month terms for a 33-month lease.
The 24-, 30-, and 36-month numbers for the 2012 E350 Coupe are .00162 / 69%, .00162 / 63% and .00162 / 59%.
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#2150 of 3258 Re: February Lease Details [jk7]
Feb 12, 2012 (8:31 am)
Hi jk7. Mercedes-Benz Financial's 12,000 mile per year residual values are 1% lower than its 10,000 mile per year residuals. Its 15,000 mile per year residual values are 3% lower than its 10k resids.
The 36-month, 15,000 mile per year residual value for a 2012 E350 Sedan 4Matic is indeed only 52%.
I don't know if the E550 Sedan is eligible for the Value Added program, that enables consumers to lease for 33-months using the 30-month terms. I suspect that it is not. The 30-month, 15k residual for a 2012 E550 Sedan is 58%.
Prices Paid: Buying & Leasing Experiences Forum
Feb 12, 2012 (7:43 pm)
What's a good monthly payment for a 33 or 36 month lease for the E550 4matic (msrp $72k) with 5k down?
#2152 of 3258 Re: February Lease Details [Car_man]
Feb 12, 2012 (7:55 pm)
#2153 of 3258 Re: 2012 E550 [grandmama]
Feb 13, 2012 (11:01 am)
Putting $5K (or anything) down on a lease is not a good idea. If your car is stolen or totalled, Mercedes will use that money instead of their free gap insurance. Either use the money to make multiple security deposits or keep the money and use it to pay the slightly higher monthly payments.
#2154 of 3258 Leasing BluTec vs Gas e350 Sedan
Feb 13, 2012 (12:04 pm)
I just ran the numbers on two 12K mile/yr leases using February rates. My "typical" gas car MSRP was $58800 and an identically equipped BluTec was MSRP $60000. I kept all bank fees, dealer fees the same in my calculations and included no tax. For the gas car I used a 33 month lease (mercedes claims to be the best) run at the 30 mo rates....MF=.00157 residual 63%; for the Diesel, I used 24 months which currently has a mf=.00225 and residual of 77%. I applied the maximum of 10 MSD's to the diesel but I did not apply it to the gas since the promotional rate is lower than the standard rate less the MSD's. I assumed that the actual selling price of each car was $3000 below MSRP so the discount is identical. Even though they are the same, I used $1295 as the bank fees + dealer admin fee) in my calculations.
The gas car leased for 33 months: your monthly payment will be $755
The Diesel car leased for 24 months: your monthly payment will be $665
The real total cost of the lease (including all payments including the $500 end of lease fee and remembering that you get the ~$7500 MSD cost back) is:
Gas: $809/mo (putting $5K down only drops this to $801/mo)
Diesel $740/mo (loaning mercedes ~$7500 (10 MSD's) which you get back)
BTW, the real total cost per month should be the only number you care about in a lease.
I did this excercise because I have been advocating considering leasing a bluetec on a 24 month lease and I also advocate using MSD's. This case illustrates why.....it's cheaper
#2155 of 3258 E350 lease on european delivery
Feb 17, 2012 (4:46 pm)
I am trying to do a european delivery on a e350. I am getting quoted the following
33 month 15000 lease 61% residual and MF 0.259.
That money factor seems high from what Ive read on previous posts. I asked about multiple security deposits and was told that this residual was a special and hence cannot be combined with MSD. I dont believe this to be true, can you comment on this.
#2156 of 3258 Re: E350 lease on european delivery [jk7]
Feb 17, 2012 (6:28 pm)
yes, the money factor seems high and personally, I have never come across a lease with a special residual. On the other hand, I have never leased a car for European delivery.
My guess is that the dealer is blowing smoke and figures they can make a few extra dollars....go to, or just call, another dealer and see what they say.
The reason I am very suspicious is that they aren't telling you what the deal would be WITH multiple security deposits. OK, if this actually is some special residual, what would the residual be with MSD's and how does the lease compare.
I feel pretty safe with my blowing smoke, or perhaps smoking something hunch..
Using a sample car msrp 60000, discount $3000, leased from your local dealer with MSD's (15K miles 33mo lease) and 10 MSD's would cost you about $725/mo. Using the same car, same terms and discount but your dealer's "special" numbers and no MSD's, your car would cost about $850/mo. Not sure what the discount is on european delivery, but you should compare the two leases and my guess is that finding a car in the US to lease will save you money.
#2157 of 3258 Re: E350 lease on european delivery [ghstudio]
Feb 20, 2012 (11:14 am)
I think the discount on ED will be 7% off MSRP plus maybe another 2%. The more I think if it, if I order through the dealer and put money down I will be stuck with their terms. Can probably negotiate a better lease if i just leased it locally.
#2158 of 3258 What would you do?
Feb 20, 2012 (11:21 am)
Have a 3-yr, 30K mile lease on a 11' E350 which I got in Sept. Currently have 3,400 miles.
Mileage was fine with my old job with a short commute. I now have a new job and have to do a 120 mile round trip commute 2-3 times a week. This is obviously untenable with my lease.
What would you do in this situation? I'm only vaguely familiar with lease buy outs. Have also thought of buying a cheap commuter car.
Would appreciate your thoughts.