Last post on May 21, 2013 at 1:00 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#2846 of 2973 Re: wagon residuals and money factors [Car_man]
Jan 30, 2013 (2:17 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 2973 Re: wagon residuals and money factors [thairs]
Jan 30, 2013 (2:44 pm)
I think your math is wrong somewhere... 635 + 82 does not = 680. It's 717.
#2848 of 2973 Re: wagon residuals and money factors [thairs]
Jan 30, 2013 (3:02 pm)
A couple of things with your deal and I am assuming it is a sedan with those details.
Your dealer is practically selling the car to you for msrp minus the 4k holiday cash. This is unacceptable. I have said it before and I will say it again. You should be able to get over 9k off on the car without much haggling. 10k off is possible with a bit of negotiation.
Your sales price should be below 50k and the dealer will still be making money meaning you can go below that if you push.
Dealer is also marking up the MF. Base rate is .00121 and if you do autopay .00111. Just tell him you would like to pay the base MF And autopay and it should be .00111.
After that the numbers will work themselves out. Just watch out for more inflated dealer fees like aquisition, doc fees etc. if you have any more questions just ask or you can email me at my username on gmail.
I am not talking hypothetical numbers. I closed a on a deal a couple of weeks ago as have others on here so it is not too difficult.
#2849 of 2973 Re: wagon residuals and money factors [whomp]
Jan 30, 2013 (3:21 pm)
Haha yea my math was off there, but monthly with tax is $680.00 that the CA is quoting me. And thanks for the advice smartfanatics, I'll be emailing you with a few more questions shortly!!
#2850 of 2973 2013 E350 4Matic with P2 + Panoramic Roof + AMG Wheels
Jan 30, 2013 (4:16 pm)
Hi CarMan, just got this deal in Chicago IL (Illinois is one of those crazy states that charges sales tax on the entire car when leasing)
Sales Price: $53475
Miles per year: 15,000
Term: 24 months
Out of Pocket at Signing: $864 (includes 1st payment plus fees)
Monthly Payment: $700 incl. tax
Does this sound like a good deal?
#2851 of 2973 Re: wagon residuals and money factors [smartfanatics]
Jan 30, 2013 (6:18 pm)
Ok guys, so after quite a bit of haggling back and fourth, this appears to be the best deal my CA could offer me (attached .pdf bellow):
I'm still having a hard time understanding how #27 (Due at signing) on the lease worksheet above is added together (1st month payment plus what other fees on the lease worksheet?).
The MF of .00111 and base monthly $580 + tax I do however like!
What do you guys think? I need to close on this deal if it is good by tomorrow, the last day of the winter event.
Thanks for the help guys!!
#2852 of 2973 My 2013 E350 Sport 4Matic Deal
Jan 30, 2013 (8:15 pm)
So I have been following this blog for the longest time and thank you to everyone for posting - it really helps us buyers get an idea. So I want to give back by sharing my experience and deal.
I did not want to wait past January 31, 2013 as I don't know if Mercedes will continue the Winter event. The deal I got factored in the $4,000 they are giving off an E-Class and much more. I got a discount of more than $9,000 (including the winter event) off the MSRP.
2013 E350 Sport 4Matic Sedan
Premium P1 Package
18" AMG Wheels Package
24 Months / 10,000 miles per yr
One Time Pay - $11,200 all inclusive
No Monthly Payments
(Effectively turns out to 466.67 per month)
(FYI .. for 7,500 miles they were offering $10,500 total one time pay)
NY and NJ dealers were not as willing to do such a deal as they want to make more on each car they sold. CT dealers on the other hand are more willing to do this deal.
If you are living in NJ or CT and are willing to drive up to CT, it could turn out to be worth it - it was for me!
#2853 of 2973 Re: Not painless but I got it done! [insidecarbuy]
Jan 30, 2013 (10:51 pm)
thank you for the details. yes, it helps tremendously. i hope to have a new car tomorrow!
#2854 of 2973 Re: 2013 E350 4Matic with P2 + Panoramic Roof + AMG Wheels [notoriousakg]
Jan 30, 2013 (11:29 pm)
Did you dealer waive the acquisiton and doc. fees for your out of pocket of $864? My CA it looks is charging me acquisiton fee ($795ish), doc. fee ($500ish), and 1st month payment ($625 after tax), to get to my cash due at signoff of roughly $1894....I'm just wondering how some of you guys are able to drive-off only paying less than $900...
#2855 of 2973 E350 4matic lease
Jan 31, 2013 (6:35 am)
I picked up a e350 4 matic with p1 10k miles/ yr for 24 months for$483/mo including maintainance and tax & drive off was just 1st months payment. The dealership I got it from is leasing their loaner cars so mine had 6k miles on it but I thought it was a good deal. Right now they are doing 2013 e350 4matics for 2k down and 399 mo which is close to what I got or 10k off msrp. What do you guys think of the deal? Send me a msg if you want more info