2977 messages,
Last post on May 25, 2013 at 3:24 PM
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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#2688 of 2977 Re: Please give Dec. MF and RVS [msc5]
by Car_man HOST
Dec 17, 2012 (5:02 pm)
Hi msc5. Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 24-month lease of a 2013 E350 Sedan with 12,000 miles per year are .00121 and 71% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36-month lease are .00121 and 60%.
The numbers for the 2013 E350 Coupe are .00160 / 70% and .00160 / 60%.
If I was in your position I probably would get a new Mercedes in December. Mercedes-Benz will waive up to five remaining payments for consumers who get out of their MB Finance leases early and into a new one, so it won't cost you anything extra to get out now.
Car_man
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#2689 of 2977 Re: 2014 E350 models [msc5]
by Car_man HOST
Dec 17, 2012 (5:07 pm)
Hi msc5. The E-Class is going to be completely redesigned for 2014.
Car_man
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#2690 of 2977 Re: 2013 Wagon Residual [1985mb]
by Car_man HOST
Dec 17, 2012 (5:12 pm)
Hi 1985mb. Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 24-month lease of a 2013 E350 Wagon with 15,000 miles per year are .00160 and 65% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 30-month lease are .00160 and 63%.
Car_man
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#2691 of 2977 Re: MF [romil01]
by Car_man HOST
Dec 17, 2012 (5:15 pm)
Hey romil01. It looks like the dealers that you are working with are attempting to mark your car's money factor up to add additional hidden back-end profit to your deal. This sort of thing is pretty common at luxury brand dealers. Mark-ups can often be avoided by consumers who live in areas that have a decent level of competition.
Car_man
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#2692 of 2977 Re: MF [Car_man]
by hshadid
Dec 17, 2012 (5:19 pm)
Hey Car_Man,
Is there any way you an help me locate a reputable car lease broker in the Chicago area? I wonder if that is the most effective way to get a dealer to negotiate seriously.
Thanks
#2693 of 2977 Re: December MF and RV on E350 coupe [ninadipietro]
by Car_man HOST
Dec 17, 2012 (5:21 pm)
Hi ninadipietro. Mercedes-Benz Financial's buy rate lease money factor and residual value for a 36-month lease of a 2013 E350 Coupe with 10,000 miles per year are .00160 and 61% for consumers who qualify for its top credit tier.
I believe that the cash incentive is $4,000 on the Coupe, but I'll double check just to make sure.
Neither the dealer fee or the advertising fee are required by the state. Advertising fees are usually charged to dealers by manufacturers and they then turn around and pass them onto consumers. Of course there's also some back-end money that dealers don't share so it's sort of a double standard. Dealer fees are basically pure fluff that dealers use to pad deals.
Car_man
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#2694 of 2977 Re: MF [hshadid]
by Car_man HOST
Dec 17, 2012 (5:23 pm)
Hi hshadid. I don't have any brokers to recommend because I personally would never use one. Savvy consumers should be able to negotiate as good a deal or better than a dealer. They add convenience to deals I suppose, but they also add another party that has to profit off of you.
Car_man
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#2695 of 2977 Re: December MF and RV on E350 coupe [Car_man]
by 95vert
Dec 17, 2012 (8:29 pm)
I just leased a 2013 E350 4Matic there is a $4000 certificate to lease and a $5000 to purchase. I negotiated the MF to .00041 thru MB Financial 24 month residual was 72% even though 2014 is going tobe reskinned there is very aggessive incentives on the car now.
#2696 of 2977 Re: Crazy Dealer Quote [ariaz]
by awd250
Dec 18, 2012 (12:54 pm)
How in the world did you negotiate no bank and no acquisition fee? is That even possible?
#2697 of 2977 Re: Crazy Dealer Quote [awd250]
by robertw477
Dec 18, 2012 (1:37 pm)
Its just rolled up into the total payment/deal. Same with me. That is why when people start throwing around residual numbers and money factor numbers that is not something I get involved in. I know the car has a strong residual for the 24 month lease. Then I compare like cars. If dealer 1 tells me approx $800 a month (plus bank fee etc) and car brokers has the SAME car P1/P2 etc for 475, then I go with the lower cost. Now I use this thinking on a lease. Peole that buy cars get scammed when they are buying on "what the payment is" This is a different sort of transaction. Car dealers can stretch loans and all sorts of tricks. That is why a novice buyer comes in and the dealer says how much of a payment do you want.
Robert