Last post on Dec 13, 2013 at 6:15 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#3122 of 3271 Re: 2014 E350 Sedan [ray916]
Sep 06, 2013 (10:37 am)
instead of putting that $5K down, use it to make multiple security deposits. You can make up to 7 (approx $4200) that you are loaning mercedes for the life of the lease. In return, they will reduce your money factor by .00049...so your interest rate drops. Your monthly payment will go up, because you didn't make the capital cost reduction, but remember you will get the $4200 back. Add up all the payments for the entire lease and you'll find that over that lease, you saved over $1000. The hard thing to get over is that your monthly payments will be higher (because you didn't put money down)...but you are saving money. There is no trick here...and it's part of the standard mercedes lease, although many dealers don't know about it, others don't understand it, and still others say it's too little money to worry about. It's not....just add up all the checks you will write under both cases (with and without Multiple security deposits).
Finally, make sure you get mercedes basic service included in the lease negotiations (not some "better" policy offered by your dealer. Why?? Because it is treated as a feature.....that is you don' t pay the whole amount, you only pay as if it's a feature. E.G. if you have a lease with a 70% residual and the maintenance package for your lease mileage is $1000, you will actually only pay 30% of that $1000, or $300 for the service. It's a great deal but you have to know what to ask for.
54K sounds reasonable...I've was offered 10% off MSRP on any e class last week without negotiating very hard.
#3123 of 3271 Re: 2014 E350 Sedan [ray916]
Sep 06, 2013 (11:01 am)
Negotiated Price $49,720
Down $3,500 (includes 1st month's payment)
Payment $512 (excl sales tax)
Term 42 months
Sep 06, 2013 (7:49 pm)
looking for money factor and residual for 10k lease, on 2014 e350. 36 months is ideal, but is there a "sweet spot" at 27, 33, or 42?
Also, is there any loyalty money for trading out of a mercedes lease and back into a mercedes lease?
#3125 of 3271 Re: Data E350 [whichluxurycar]
Sep 07, 2013 (8:20 am)
I believe 27 months is the current sweet spot on an E350.
I am considering an e550. Does anyone know the residuals and mf for 27 and 36 mos 10K/year.
Sep 07, 2013 (10:33 am)
just got quoted mf of .00248 for 2014 eclass lease. i assume that is NOT the buy rate. Can anyone confirm?
also, what is the "buy price" on lease acquisition fee. $795?? (Again, i'm thinking no)
#3127 of 3271 Re: 2014 E350 Sedan [ray916]
Sep 08, 2013 (5:04 am)
Please see the deal I just structured and am very pleased with. The money factor on the same lease was .00164 which is the buy rate - there is no mark-up. So, it appears your rate is lower and while I did not do the math, might include the discount for auto pay.
I am not sure about multiple down payments and it does appear interesting, but in my opinion, I would you never want to loan someone such a large amount of money when they are not compensating you. The opportunity cost is too big for me but that's just my opinion.
I can tell you that your 11.6% discount can be improved upon significantly, and really without too much effort on your part. I was actually in the same position as you and asked another dealer if they could do any better and they came back with a 17% discount. I did not put any money down either.
Further, I am against putting any money down on a vehicle in the event of a total loss or theft you can not get your down payment back.
#3128 of 3271 Re: 2014 E350 Sedan [irishladdy]
Sep 08, 2013 (7:20 am)
Multiple security deposits save you way more than most investments pay, so it is a no brainier to do them if you have the cash. You get the money back at the end of the lease too. Just google Multiple Security deposits.
#3129 of 3271 Re: 2014 E350 Sedan [socal59]
by kyfdx@Edmunds HOST
Sep 08, 2013 (10:18 am)
Not only that, anything that lowers your payment is an "after-tax" return.. and, guaranteed...
#3130 of 3271 Re: 2014 E350 Sedan [kyfdx@Edmunds]
Sep 09, 2013 (8:43 am)
CarMan - do you happen to have the latest MF for a 2014 E550 for a 36 month/7,500 miles/yr lease? Thanks in advance!
#3131 of 3271 Re: Residual and MF for 2014 E550 4Matic [sm16]
by kyfdx@Edmunds HOST
Sep 09, 2013 (6:44 pm)
"Does anyone know the current residual and MF for a 2014 E550.
10K miles/yr for 36 month and 27 months? "
The 36mo., 10K residual is 63%, with Mercedes standard money factor.
I don't see a special 27 month lease for this model.