Last post on Dec 03, 2013 at 12:08 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#2838 of 3245 Re: wagon residuals and money factors [d_nyholm]
Jan 27, 2013 (8:23 am)
Hi d_nyholm. Alas, Mercedes does not typically provide any lease support on E Wagons. Mercedes-Benz Financial's January buy rate lease money factor and residual value for a 24-month lease of a 2013 E350 Wagon with 12,000 miles per year are .00160 and 65% 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.
Prices Paid: Buying & Leasing Experiences Forum
#2839 of 3245 Re: Favorable Numbers? [commanderd]
Jan 27, 2013 (8:28 am)
Hi commanderd. While I don't know definitively that this is the case because I don't follow the ABA program all that closely I suspect that it cannot be combined with the $4,000 Winter Event certificates.
Prices Paid: Buying & Leasing Experiences Forum
#2840 of 3245 Re: Favorable Numbers? [empowah]
Jan 27, 2013 (2:26 pm)
hey whats the nashparker10 name number and salesmans name to get a deal like that at gmail. thanks a bunch
#2841 of 3245 Re: Not painless but I got it done! [insidecarbuy]
Jan 27, 2013 (4:00 pm)
INSIDECARBUY: thanks for posting your deal, i'm trying to score your same deal in florida but i'm getting a lot of resistance. example: "this deal is just not possible. If this person really got the deal the dealer made a huge error and lost lots of money. It does happen with new managers that do not understand programs." that's from a car broker that got me a good deal before.
i believe you got this deal but is there any particular info you can give me on what type of discounts they used etc to arrive at that amount? also, what dealer in what city and what first name of your salesguy? perhaps getting it shipped to florida would be worth it.
any help much appreciated.
#2842 of 3245 Re: Not painless but I got it done! [arod4]
Jan 28, 2013 (7:48 pm)
I don't believe this was a real deal I got 2013 e350 4 matic sedan Msrp 59 905 12k miles per year for 24 month lease for one pay of 12 000 dollars breaks down to 500.00 a month threw in winter rubber mats but wouldn't throw in 2 year maintenance . 4 days later dealer told me he couldn't duplicate deal for a friend and said 2013 sedans a are now pretty much out of stock. I got some deal and my deal was real.
#2843 of 3245 Re: Not painless but I got it done! [ariaz]
Jan 29, 2013 (5:31 am)
Hey Ariaz -
Yes, the tax and bank fee are included in the $442.02 - only out of pocket was 1st months payment and DMV.
#2844 of 3245 Re: Not painless but I got it done! [arod4]
Jan 29, 2013 (6:05 am)
Hey Arod4 -
Here is the breakdown on the numbers…
MSRP is $59,905
Invoice is $56,175 (Its' MSRP ($59,905) minus the destination of $905 (59,000) times 93% ($54,870) then add back the destination $905 ($55,775) and $400 ($56,175) advertising charge that MB package to every invoice). Mark up is $3,730.
Hold back is $3,097.50 (Its' MSRP ($59,905) minus the destination of $905 (59,000) times 5.25% (3,097.50)
Total available profit from MSRP through Holdback is $6,827.50
Winter Event - $4,000 (Good to any customer whether you own a Mercedes or not).
Total available profit with Winter Event cash - $10,827.50
Now from where I live (right outside of NYC) if I were to search a 50 mile radius of MB dealers there are 26. All with in 1 hour drive or less. Major competition. You don't have to be a rocket scientist to figure that out!
The deal I got done had a selling price of $49,077.00 - yes the dealer broke even!
Many dealers will tell you it can't be done. That no one sells into holdback. They need to keep the lights on, they are losing money and so on… Find the one that says, I'll take that deal.
Hope this helps -
#2845 of 3245 Re: Not painless but I got it done! [insidecarbuy]
Jan 29, 2013 (6:22 pm)
Thank you for sharing your info - I have a friend in the car business and he often talks to me about the value of knowing about holdbacks. I am going to negotiate with some dealerships tomorrow morning on the same car - i also live right outside NYC area.
Can you tell me which options you got with your MSRP $59,905? And my research says that usual holdbacks for Mercedes are 3%, did you get 5.25% because they are trying to get rid of the 2013 e350 4 matic to make room for the 2014's or have they increased their holdbacks in general?
#2846 of 3245 Re: wagon residuals and money factors [Car_man]
Jan 30, 2013 (1:17 pm)
This is the quote I've gotten so far from my CA at the local benz dealership:
2013 e350 4matic polar white
P1, split folding rear seats, sport package, and comfort box
Sales price: $54,635 (after winter discount, and nothing else)
Term: 24 months / 12k miles
Money factor: .00131 (with autopay)
Monthly (base): $632
Total monthly: $680
Due at signing: $1,894 (1st month + acq. fee + doc. fee, etc)
I'm trying to get him to bring down the sales price and thus the monthly, and the MF seems to be higher than it should be, even after autopay....what do you guys think?
#2847 of 3245 Re: wagon residuals and money factors [thairs]
Jan 30, 2013 (1:44 pm)
I think your math is wrong somewhere... 635 + 82 does not = 680. It's 717.