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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
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Hi all, does anyone know the May money factor or lease rates for the C300 and C350 sport? Is it possible to get these cars at invoice? Thanks for your help! |
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My local (Florida) dealer offered me a 2008 E350 with P1, burl walnut dash and Metalic Pewter paint for invoice price. I prefer to lease the car, taking advantage of the $2000 lease money...so my capitalized cost would be invoice less $2000....which he said is right. He quoted me the following but I think they are wrong, based on what I've read here: 24-27mos MF .0018 Residual 63% (12K miles) 36-39mos MF .0018 Residual 52% (12K miles) Are those residuals and rates correct for an E350 this month?? He will sell me the 320 for about $1000 more.......but we didn't negotiate that one. comments please.....
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I was at a dealer this afternoon and they had the $999/mo sticker on the car sitting in the showroom. The salesman said it was over, and the sales manager said it was still good. Does anyone know what the real dealer incentive and rates are? I'm sure I can get $999/mo anytime if I put down a huge cap reduction, but I would like to do the first month and whatever necessary fees only. Has anyone done a deal on an E63 this month? Thanks in advance. |
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Replying to: ghstudio (May 10, 2008 12:14 pm) 2008 Mercedes E350 (2wd) 24 Mo -- Residual 63% -- .00085 27 Mo -- Residual 63% -- .00085 36 Mo -- Residual 52% -- .00130 The E-350 4-matic and Blue-tec's carry different numbers so let me know if you decide to go with one of those instead.
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Replying to: ocautoseeker (May 12, 2008 12:30 am)
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We were thinking of just buying a new C300-4matic but the dealer was pushing this promotion on E350-4matic - Sticker $58,020 for 27 mos lease with $0 drive off (including them paying first month's lease) for $569 per month with residual of $36,200. I think this is a good deal but wanted to get opinions. Thanks!!
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Replying to: peteropny (May 14, 2008 3:50 pm) You aren't going to do any better than that.....you just have to decide if you want to buy the C or lease the E. I would suggest that you drive them both before deciding (and drive the 4wd...not the 2wd).
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Replying to: ghstudio (May 14, 2008 4:11 pm) |
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Replying to: madmarlin (May 14, 2008 10:03 am) You'll need to understand what each term is before calculating: Capitalized Cost (Cap Cost) - The agreed upon price or selling price. Residual Value - The projected wholesale value of the vehicle at the end of the term. It is expressed as a percentage of the of the total MSRP of the vehicle when new. Term - 24, 27, 33, 36, 39, 48 months etc. Money Factor - A decimal number which represents a leasing company's usage fee. It's basically the equivalent of an interest rate when purchasing. Simply times the money factor by 2400 and you get ~ an APR equivalent. Depreciation - The difference between the cap cost and the residual value. The Formula: (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Money Factor = Interest Depreciation + Interest = Base Monthly Payment
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