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Mercedes-Benz E-Class Lease Questions

1048 messages,  Last post on Nov 24, 2009 at 12:52 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#599 of 1048
Re: E350 lease check [calbear05] by shawn757
May 19, 2008 (7:29 pm)
Reply

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 1048
Re: E350 Lease [kyfdx] by topgun7
May 19, 2008 (11:58 pm)
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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
#601 of 1048
Re: Is $2000 apply only for lease? [peteropny] by mynextcar
May 20, 2008 (5:14 pm)
Reply

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 1048
Re: E350 Lease [topgun7] by ocautoseeker
May 21, 2008 (1:38 am)
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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.
#603 of 1048
Re: Is $2000 apply only for lease? [mynextcar] by ocautoseeker
May 21, 2008 (1:44 am)
Reply

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 1048
Re: E350 Lease [ocautoseeker] by kyfdx HOST
May 21, 2008 (10:53 am)
Reply

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 1048
Re: E350 Lease [ocautoseeker] by sonnus
May 23, 2008 (2:03 pm)
Reply

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
#606 of 1048
Re: E350 Lease [sonnus] by ocautoseeker
May 24, 2008 (2:41 am)
Reply

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!)
 
#607 of 1048
Re: E350 Lease [ocautoseeker] by kyfdx HOST
May 24, 2008 (6:52 am)
Reply

Replying to: ocautoseeker (May 24, 2008 2:41 am)

Btw - diesel was $5.09/gal in SoCal today (ouch!)
 
Still sunny and high '70s, though, I bet..
#608 of 1048
Re: E350 Lease [kyfdx] by ocautoseeker
May 24, 2008 (2:49 pm)
Reply

Replying to: kyfdx (May 24, 2008 6:52 am)

Funny you should mention that - the past three day we've had thunderstorms, heavy rain, hail and even had two twisters touch down that flipped over some rail cars. Some weird wx, no doubt!
 
Got three rounds of golf in last week though, when it was sunny and 95 (nice breeze though)!

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