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Mercedes-Benz E-Class Lease Questions

1049 messages,  Last post on Nov 25, 2009 at 12:39 AM

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What is this discussion about? Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon

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#597 of 1049 Re: Is $2000 apply only for lease? [mynextcar] by peteropny May 18, 2008 (7:28 pm)
Replying to: mynextcar (May 16, 2008 9:42 pm) We don't usually lease cars. But with the deals that are around, we decided to lease - our deal 2008 MB E350-4matic - white, tan MB tex, P1, Ipod, Panorama Roof, Wood Steering Wheel, "Natural Wood Trim", Sport Package - $58,220 list - Lease deal (10k miles per year - $585 monthly payment - 27 months (1st month paid by MB/dealer) - residual of $36,600 - $0 down) - so if we bought the car at the end of the lease the total cost is $51,810. We figure that this is "free financing" with the option to change cars if we want in 27 months or if the value then is lower than residual, there is a possibility of paying less than the residual on the buy then. We'll pick up the car on Tues or Wed. Replies to this message: mynextcar (May 20, 2008 5:14 pm)
#598 of 1049 E350 lease check by calbear05 May 19, 2008 (6:35 pm)
Hey guys,   Is this a good deal? 2008 E350 Sport Package PII Parktronic Panoramic Roof Ipod Kit Window Blinds Electronic trunk closer MSRP: 60540 Selling: 55300 MF: .00085 Residual: 64%, 10,000 miles/year Monthly $750 with CA tax   Thanks! Replies to this message: shawn757 (May 19, 2008 7:29 pm) calbear05 (May 29, 2008 8:38 pm) commex (May 30, 2008 3:25 am) calbear05 (May 30, 2008 5:11 am)
#599 of 1049 Re: E350 lease check [calbear05] by shawn757 May 19, 2008 (7:29 pm)
Replying to: calbear05 (May 19, 2008 6:35 pm) I was offered $8000 below MSRP last month in california. I Think it's still available. If the dealer is willing you should get it.
#600 of 1049 Re: E350 Lease [kyfdx] by topgun7 May 19, 2008 (11:58 pm)
Replying to: kyfdx (May 15, 2008 7:10 am) "If I do the calc based on the March info and assume a cap cost of $52,000 and a term of 36 months I get:    52,000 X 55% = 28,600 "   this part of the calculation is not correct. The residual is based on MSRP not your cap cost (so if the MSRP is 56000. The residual is 56000x55%)...   "$28,600 (cap cost) + $28,600 (residual) X .00225 MF = $128.70 per month... "   Kyfdx, this calculation is not correct.. the original one is the correct way to calculate the rent (or the finance cost) ...   Also don't forget to roll your acquisition cost and dealer doc fee either into the lease or the upfront payment.   I think this information from Leasecompare.com will help...   (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Money Factor = Interest Depreciation + Interest = Base Monthly Payment Replies to this message: ocautoseeker (May 21, 2008 1:38 am) kyfdx (May 21, 2008 10:53 am)
#601 of 1049 Re: Is $2000 apply only for lease? [peteropny] by mynextcar May 20, 2008 (5:14 pm)
Replying to: peteropny (May 18, 2008 7:28 pm) Thank you. Sounds like you made a pretty good deal. I too, never lease a car so a little reluctant to go with lease but given the market condition this time, it may make more sense to lease.
#602 of 1049 Re: E350 Lease [topgun7] by ocautoseeker May 21, 2008 (1:38 am)
Replying to: topgun7 (May 19, 2008 11:58 pm) Kyfdx knew what he was doing, he just accidentally plugged the cap cost in as the residual by accident. He's a smart car guy and I can vouch that it was simply a typo. Replies to this message: kyfdx (May 21, 2008 10:53 am)
#603 of 1049 Re: Is $2000 apply only for lease? [mynextcar] by ocautoseeker May 21, 2008 (1:44 am)
Replying to: mynextcar (May 17, 2008 7:03 am) Tough call - Mercedes has "incented" the deals from both a finance and lease perspective. My advice would be... if this is your first experience with this particular vehicle, I'd take advantage of a lease to see if you like the car. Plus the fact that you drive so few miles/year makes you an excellent leasing candidate and keeps the vehicle within warranty for the duration of the lease.
#604 of 1049 Re: E350 Lease [ocautoseeker] by kyfdx HOST May 21, 2008 (10:53 am)
Replying to: ocautoseeker (May 21, 2008 1:38 am) Actually.... my point was.. if you pay all the depreciation upfront, then your net cap cost is the same as the residual... and you'll still have a monthly payment..   The biggest misconception about the finance charge is that it only applies to the amount of depreciation, when in fact, you are borrowing the whole car, not just the part you use up..
#605 of 1049 Re: E350 Lease [ocautoseeker] by sonnus May 23, 2008 (2:03 pm)
Replying to: ocautoseeker (May 12, 2008 12:30 am) What are the current Residual/MF numbers for the E320 Bluetec. Also, are there any hidden (dealer) incentives on these cars right now?   Thanks Replies to this message: ocautoseeker (May 24, 2008 2:41 am) kyfdx (May 24, 2008 6:52 am) ocautoseeker (May 24, 2008 2:49 pm)
#606 of 1049 Re: E350 Lease [sonnus] by ocautoseeker May 24, 2008 (2:41 am)
Replying to: sonnus (May 23, 2008 2:03 pm) '08 Mercedes E320 BlueTec Sedan 24 M – Residual 65% – .00150 36 M – Residual 55% – .00225 48 M – Residual 46% – .00225 60 M – Residual 42% – .00330   Posted residuals are indicative of 15k annual miles. Add 2% for 12k, add 3% for 10k.   Finance Special: 1.9% APR (terms up to 72 months)   Hope that helps.   Btw - diesel was $5.09/gal in SoCal today (ouch!)   Replies to this message: kyfdx (May 24, 2008 6:52 am) ocautoseeker (May 24, 2008 2:49 pm)

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