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Prices Paid: Buying & Leasing Experiences Mercedes-Benz E-Class Lease Questions
1049 messages, Last post on Nov 25, 2009 at 12:39 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: japhale (Feb 24, 2007 1:09 pm) ref |
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I know this is only 1 experience, but I will never waste my time with auto leasing companies again. I dealt with SouthBank Leasing for 2 weeks before I actually got the paperwork. Although I had confirmed the specifcs twice.... The lease was over $100/mth more than quoted. The term was 39mths instead of 27, the down payment was $1000 more, and the car wasnt even equiped as they quoted me. What gets me is why did they even waste their time? Did they think I wouldnt even read the paperwork and just sign? |
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Hello, Can anyone help me determine what payment I may be looking at if I want to lease an E350 2007 with a 607 Fico? Thanks, |
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Hi All, I'm looking at leasing a E350 4matic with the P1 package, sport package in Flint grey with ash interior. A dealer in the NY area quoted me the following two options: 27 month lease 15K miles $820/month including tax $2,000 out of pocket Includes first payment, acquisition fees, drive off, etc. Or 27 month lease 15K miles $760/month $3,400 out of pocket Includes first payment, acquisition fees, drive off and taxes paid in advance(that's the additional $1,400 at drive off) The purchase price is $54,400 and their telling me the money factor is .00175 and the residual is 67%. Do either of these sound like a good deal? Thanks in advance for your insight! |
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Replying to: ed4040 (Apr 03, 2007 1:05 pm) 27mth/ 12K miles $1800 out of pocket (includes 1st payment,tax, tags/title, acq. fee) $725/mth + Tax = $775/month. Going from 12K to 15K miles increases monthly payment by about $20/month. But without voice, it decreases by $10/month. So my deal with 15K for your car would be $785/ month. It seems that on your 27 mth rate, they have about $1000 more they can take off. The best way to negotiate is to agree on a sales price. These are now going for about $600-1000 over invoice. That still leaves over $2000 in profit for the dealer with holdback.
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| Dealer lease rates on this car are .00175 for 24-35 months and the dealer can mark that up an additional .00150. (no one works for free, do they?) .00175 is based on a fico score of 700. So if the dealer marks the rate up .0005 to .00225 thats a fair deal. But you must score. | |
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Replying to: df4801 (Apr 03, 2007 5:00 pm)
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Replying to: ed4040 (Apr 05, 2007 5:41 am) Are there any factory discounts on the car? Thanks for your help! |
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Price Residual Value % Money Factor I would prefer 36m 12K miles but if there is any deal for 24 or 27 months is OK too. Thanks!
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Replying to: thedork (Apr 09, 2007 3:23 pm) 2007 E350 P1 Sport pkg MSRP 54,415.00, price 48,988.00 39 month lease with minimum drive off $1,622.00 and 12000 miles $691 including tax Money factor 0.0030 - isn't that too high? How much should be the residual value? Thanks!
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