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Prices Paid: Buying & Leasing Experiences Mercedes-Benz E-Class Lease Questions
761 messages, Last post on Oct 21, 2008 at 8:29 AM
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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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I'm considering whether to replace my 2004 Audi A6 w/ the E350 within a few weeks (my lease expires July 2nd) or to get another A6. Audi is offering an extremely aggressive lease deal right now. The MF is .00018 -- which is less than 1%. I see that Mercedes is offering a sweet rate on a purchase -- 1.9% for up to 72 months. But I can't seem to find a breakdown on the advertised lease deal. Can anyone tell me: (1) the MF on the lease deal; (2) the residual values for a 10,000 lease; and (3) whether there's any cash or other incentives for dealers right now? Also, I've heard that 2008 is the last model year for the E350. That doesn't bother me but I would think it would mean that MB and the dealers are psuhing hard to clear them out. Can anyone confirm? Thanks.
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Replying to: jpdc (Jun 06, 2008 6:50 am) '08 E350 Luxury 27 M -- Residual 64% -- .00085 '08 E350 Luxury 4-matic 27 M -- Residual 63% -- .00030 Should be a $2000 lease cash incentive. Call local dealer to confirm. Also, I've heard that 2008 is the last model year for the E350. That doesn't bother me but I would think it would mean that MB and the dealers are psuhing hard to clear them out. Can anyone confirm? The new generation E-class will be introduced as a 2010 model in the fall of '09. It won't look much different from the current model - some cosmetic tweaks and and the SLK's 3.5L V-6 rated  300hp.
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