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Prices Paid: Buying & Leasing Experiences Mercedes-Benz E-Class Lease Questions
1050 messages, Last post on Dec 01, 2009 at 5:36 PM
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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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I need anybody's help or input on the following: 1. Will lease the car in Illinois. 2. 36 mos. 15,000 miles/yr 3. Money Factor? 4. Residual? 5. Any discounts or reduction of the sticker price. 6. What are your out of pocket costs Thanks for your feedback. It'll be invaluable for my lease. |
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Replying to: thedork (Apr 09, 2007 4:24 pm) Great price. The dealer is actually selling the car for less than he paid, even after holdback. Maybe he is desparate to sell, so maybe you should try to get him down another $1000 or so.
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