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Prices Paid: Buying & Leasing Experiences Mercedes-Benz E-Class Lease Questions
1048 messages, Last post on Nov 24, 2009 at 12:52 PM
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I was offered by one current E350 mercedes owner to take over/ transfer his lease to my name. The offer was as follows; Lease ends March 2009. The seller pay the changeover fee to MB Financial... $0 down. Monthly payment = $480.03/month including sales tax Residual $39,272 (plus $595 turn-in fee if not purchased) 11,000 miles remaining through March 2009 $500 cash incentive up front. Is it good deal? What should I ask him more?
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Replying to: jhujb (May 28, 2008 5:45 pm) |
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| I just recently bought a new Mercedes Benz 2008 E350. Came with Cognac Leather, Black, P2 package, iPod integration, Burl Walnut, and Sport package for an MSRP of $58500. Got it at $53500 and now paying $742/mo with $3500 down incl taxes and everything for 33 months. This is in Florida. Did I get a good deal? I also contacted regency leasing after I bought it just to see what they could give me and they said $740/mo with $1800 down but that seems to good to be true as I got it $3000 below sticker, just wondering if I got a good deal. | |
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Replying to: jhujb (May 28, 2008 5:45 pm) It can be a good way to get a short-term lease with no money down. Check swaplease.com as they have thousands of people trying to get out of their leases. Again, I would use caution because if the car messed up in any way you could be stuck. There are inspection companies that you could hire to look the car over before you assume the lease. You can find them on the internet. |
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Replying to: calbear05 (May 19, 2008 6:35 pm) 2008 E350 P2 AMG Package Panoramic Roof Ipod Rear Window Blinds Electronic Trunk Closer MSRP 61370 7500 miles/yr 27 months $650/month including 8.5% CA tax $1200 drive off - First month, Tags/Title, Doc fees
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Replying to: calbear05 (May 29, 2008 8:38 pm)
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Replying to: commex (May 30, 2008 3:25 am) Dealer mentioned that its actually a great time to lease the E because with the model change in 2009, the mkt value for the current E should fall which would result in MB Financial trying to be even more aggressive in adjusting the residual value for a potential buyout. The residual on my M class was close to 39k but they offered to knock off $7500. While I'm not sure what the mkt or status of the economy will be in 2 years, even at the current residual I can still buy the car for the same amt if I had purchased today since they knocked $8500 off the MSRP. There are rumors out there that MB will increase the incentive to $5,000 (from $2000) as well as instruct dealers to offer the AMG package for free (since it will replace the sport package for 2009) to move the last of the 2008 models. |
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So just wondering if you think the following is a good deal or not. 2008 E350 MSRP: 57,040 Negotiated price: 50K 33 months 12k miles per year MF .00085 Residual value 57% $3k drive off $605 per month In southern California with 7.75% tax Thanks, Leo
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Replying to: doctorleo (Jun 01, 2008 7:20 pm) The residual is correct. They are giving you the buy rate money factor. You have a very aggressive cap cost. Just have them itemize (clarify) what the $3k at signing includes. The majority should be inception fees. If you can live with a slighly higher payment, I'd say keep the additional cash in your pocket, but that's up to you. From this perspective though, I'd say go for it! |
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Replying to: doctorleo (Jun 01, 2008 7:20 pm) |
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