- #51 of 1053
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E350 lease asking price
by jimdukecenter
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Dec 04, 2005 (4:02 pm)
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looking at E350 with Premium package and leather/wood steering wheel (MSRP $54995) . Dealer asking $50301 for car. I look at NADA invoice for this car and see $50558. If the $3000 rebate that MB Credit is giving is true it would seem to me that $50301 asking price is high. Would it be reasonable to offer $49000. With this price,and no down payment I would expect to pay $845 ACQ and Doc fee plus first month payment. He using money factor of .00275 and residual of 0.63. This figures out to be $$630.59 for 39 months. Does this sound like a doable deal in N. Texas?
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- #52 of 1053
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E350 lease ???
by macdad
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Dec 05, 2005 (10:03 am)
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Sorry for the multiple questions-
I am somewhat confused after reading some of the posts.When does the $3000 incentive kick in. Is it right off the top of MSRP or after negotiating the price which could bring the selling price below invoice.
What is the MF and Res. on a two year, 12000 mile lease assuming ability to qualify for best terms.
Is there additional discount for a one pay
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- #53 of 1053
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Re: CarMan [wantmb]
by Car_man HOST
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Dec 18, 2005 (12:09 pm)
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Replying to: wantmb (Nov 14, 2005 7:03 am)
You're welcome, wantmb. Mercedes-Benz Credit Corp.'s current buy rate lease money factor and residual value for a 39 month, 15,000 miles per year lease of a 2006 E350 4Matic Sedan are .00275 and 60%, respectively. No I don't believe that I rolled the acquisition fee into the lease payment that I calculated for you.
Car_man
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- #54 of 1053
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Re: Is this a good lease? [jmjinnj]
by Car_man HOST
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Dec 18, 2005 (12:11 pm)
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Replying to: jmjinnj (Nov 18, 2005 5:06 am)
Hi jmjinnj. Is the $68,000 that you mentioned this car's selling price of MSRP. I really need to know both in order to give you an accurate opinion of this deal. Knowing both will show me how much of a discount you are being given and will help me to calculate a lease payment to compare to the one that you were quoted.
Car_man
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- #55 of 1053
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Re: New Mercedes Lease deal [sbontheh2o]
by Car_man HOST
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Dec 18, 2005 (12:16 pm)
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Replying to: sbontheh2o (Nov 21, 2005 4:13 pm)
You are correct, sbontheh2o. Mercedes-Benz is currently providing a $3,000 bonus on leases of this car through Mercedes-Benz Credit. This incentive is not automatically deducted from your car's price though, you have to ask for it and make sure that it is taken into account. A 39 month, 15,000 miles per year lease of a 2006 E350 Sedan through Mercedes-Benz Credit should have a residual value of 60%. Using this residual, a money factor of .00275, an MSRP of $54,465, and a selling price of $49,008, I estimate that this car should have a 39 month, zero down, pre-tax monthly payment of around $644.
Car_man
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- #56 of 1053
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Re: Need some help...Ready to lease a E350 in this week [us_matrix]
by Car_man HOST
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Dec 18, 2005 (12:21 pm)
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Replying to: us_matrix (Nov 23, 2005 2:57 am)
Hello Le. Obviously this car's lease payment will depend upon what sort of price you get it for, but assuming an MSRP of $58,000 and a selling price of $51,000 (which sounds be a little too optimistic to me) I estimate that it should have a 36 month, 15,000 mile per year, zero down, pre-tax monthly payment of around $686. You actually would be better off leasing it for 39 months because Mercedes-Benz has a special program that lets consumers use its 36 month residual values for 39 month leases, resulting in a lower monthly payment. The payment for an otherwise identical 39 month lease of this car should be around $652.
Car_man
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- #57 of 1053
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Re: Re: Re: Understanding So Cali E350 Lease Deal [cwradio1]
by Car_man HOST
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Dec 18, 2005 (12:24 pm)
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Replying to: cwradio1 (Nov 23, 2005 1:41 pm)
Hi cwradio1. You're being given one heck of a discount on this car. I guess that's why the dealer that you are working with is trying to mark up a few other aspects of this deal. Mercedes-Benz Credit's current base lease acquisition fee is only $795, not $995. Plus, they are marking up the buy rate lease money factor of .00275 to .00305. It wouldn't hurt to see if you can get the dealer to use the lower money factor to calculate your car's payment.
Car_man
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- #58 of 1053
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Re: MBUSA subsidised lease deals [qdmred]
by Car_man HOST
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Dec 18, 2005 (12:27 pm)
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Replying to: qdmred (Nov 28, 2005 5:43 pm)
Hi qdmred. Dealer ads are a little different than manufacturer-sponsored ads. Most lease payments that manufacturers feature in their advertisements, like the ones that are featured on Mercedes' web site, usually leave a little meat on the bone so to speak. Dealers would be a little annoyed if Mercedes ran around touting unbelievably skinny deals. Dealer ads are a whole different animal though. It is very possible that a dealership would advertise a very aggressive lease that doesn't have a lot of room left to negotiate in it. This will vary from ad to ad. The only way to know how good a deal is is to take a look at the MSRP and selling price of the vehicle that is being advertised to see how much of a discount is being given.
Car_man
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- #59 of 1053
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Re: 2006 E350 Wagon [merrill4]
by Car_man HOST
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Dec 18, 2005 (12:34 pm)
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Replying to: merrill4 (Nov 28, 2005 7:00 pm)
Hi merrill4. Given the fact that the lease cash that Mercedes-Benz is currently providing on the E-Class is only available on sedans, I'd say that the selling price that you were quoted for this wagon is reasonable. It is difficult to say for certain with the information that is available in your post, but I suspect that this price is around $1,000 over invoice. One thing that I don't like about this deal is the large down payment that you are making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your E350 Wagon would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all.
Mercedes-Benz Credit's current buy rate lease money factor and residual value for a 39 month, 15,000 mile per year lease of a 2006 E350 Wagon are .00270 and 56%, respectively. You can use these numbers to calculate exactly how much your payment should be for this car. Let me know if you need any help.
Car_man
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- #60 of 1053
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Re: car man and others: please evaluate...Thanks [eclassbuyer]
by Car_man HOST
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Dec 18, 2005 (12:43 pm)
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Replying to: eclassbuyer (Nov 30, 2005 2:11 pm)
Hi eclassbuyer. This deal looks good to me. The selling price that you were quoted for this car looks to be right around dealer invoice, including the additional $3,000 discount for the Mercedes-Benz Credit bonus cash that is currently available. Furthermore, the dealer that you are working with is using this car's buy rate lease money factor to calculate its payment. The problem is that using the numbers that you provided, I estimate that this car should have a 39 month, 15,000 miles per year zero down, pre-tax monthly payment of around $595. $100 a month for tax sounds pretty high (ouch), but if you are in a state that has unfavorable tax laws, such as one that charges you 8% of your car's total price, then it is about right.
Car_man
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