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Mercedes-Benz E-Class Lease Questions

1024 messages,  Last post on Nov 10, 2009 at 5:57 PM

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


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#631 of 1024
Real Life Deal on E350 by jpdc
Jun 25, 2008 (1:33 pm)
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After going back and forth for a month between the E350 4Matic and the Audi A6, I just pulled the trigger on a 33 month lease for the Mercedes. The lease was nearly $200/month cheaper, primarily because the residual on the Mercedes was 9% better. FWIW, here are the details.
 
E350 4Matic
Black paint
Black Interior
Sports Package
Premium 1
Burl walnut
iPod
 
MSRP -- $56,410
Invoice -- $52,552
Cap Cost -- $49,660
Monthly payment -- $591.92 ($538.11 + $53.81 use tax)
33 months
MF -- .00030
RV -- 58%
Inception Costs -- $407.97 (1st month + license fee + doc fee - $500 dealer credit)
 
I know I probably left a few bucks on the table, but not much. Hope this helps.
 
Also, if you're in the Washington, DC area, I recommend Euro Motorcars in Bethesda. Very professional. Contact me off line for the name of a salesman.
#632 of 1024
Re: Real Life Deal on E350 [jpdc] by shawn757
Jun 25, 2008 (5:45 pm)
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Replying to: jpdc (Jun 25, 2008 1:33 pm)

What are the incentives available for a E350 NOW? I see people are saying you can get $8000 off MSRP. But I was told by the dealer that there is only $2000 incentive. What other money is available?
#633 of 1024
Re: Real Life Deal on E350 [shawn757] by jpdc
Jun 25, 2008 (9:30 pm)
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Replying to: shawn757 (Jun 25, 2008 5:45 pm)

I'm not aware of any special incentives beyond the $2,000 lease cash (it's $4,000 if you buy the car and don't take the subsidized MBF financing). But MB also pays the dealer a holdback of 3% of MSRP, which may be part of the explanation. So the real cost to a dealer on an E350 is nearly $4,000 less than the supposed invoice price. And I bet there are other payments we don't know about.
#634 of 1024
California Diesel E class lease by br1973
Jun 26, 2008 (9:44 am)
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What kind of numbers should I be looking for on a 24 month lease of an E class diesel in CA?
And does anyone have any recs on a good place to go? Fletcher Jones quoted 1100 dollars a month with no wiggle room. That seems insane to me.
Thoughts?
 
Thought about going through leasetrader, but they seem to want your firstborn before you can even contact a seller.
#635 of 1024
#s for a E320 and E350 lease in AZ. by msc5
Jun 26, 2008 (1:38 pm)
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My lease on my 2006 E320 CDI is up in mid August and am going to begin looking for new 2008. I like the diesel but the cost of diesel gas is even more than gas right now. Don't know what is going to be happening to cost of diesel compared to cost of gas in next few years??? So, having tough time deciding whether to concentrate on E350 or E320. Even with diesel gas costing approximately .50 cents more per gallon than unleaded gas, given the fact that I only fill my diesel tank 2-3 times per month---I figure I'm still saving money over filling the tank more often with the lower mileage non diesel E350 vehicle??? Anyway, I'm still debating and need to go drive the E350 because I know it drives differently than the 320 CDI which I currently drive.
 
So that I am prepared when I go into the dealerships can you please provide the June residuals/MF for both the E320 and E350 cars for both 10,000 and 12,000 miles. I am in Arizona. Also, does the $2000 dealer cash also apply to the E320. I'm going to start shopping now so I need the June numbers. I figure that if I can't get a deal finalized in June and end up in July that the numbers and incentives will hopefully only get better as we get closer to the 2009 cars being released. If I'm still shopping in July I'll post for the new July numbers---when do these become available? Thanks for the info.
#636 of 1024
leasing a diesel by ghstudio
Jun 26, 2008 (2:04 pm)
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I'm not sure that leasing a 320 for two years makes any sense. I understand the savings in diesel over premium gas, but I'm not sure that the savings makes up for the difference in cost between the 350 and the 320 on a short lease. The one who's making out is the person that buys that 320 that you only leased for 2 years.
 
I would bet that your TOTAL lease cost for the 320 is higher than if you leased a 350...when you add in fuel in both cases for the length of the lease. Sure the 350 uses more fuel, but it costs less than the 320. You don't make that up in 24 months.
 
I would think that leasing a 320 may make sense on a 3-4 year lease....because I think the break even is 3 years.
#637 of 1024
Re: leasing a diesel [ghstudio] by msc5
Jun 26, 2008 (3:05 pm)
Reply

Replying to: ghstudio (Jun 26, 2008 2:04 pm)

I probably am going to lease for 3 years this time around. Last lease was for 27 months only because it was a special they were running and cost less than the 36 month lease. All options remaining the same, the difference for the E320 over the same exact E350 is $1000 more. However, I am thinking about the shorter lease only because the model is supposed to change for 2010. Still can't decide what to do. Last time I leased I had worked out the deal for an E350 and due to a screw up at the dealership (car being traded to another dealership by someone who didn't realize it was virtually sold) they gave me the same exact car in the 320 CDI model for the same price I had worked out---even though the 320 was $1000 more---I ended up making out better. This time around I probably won't be so lucky. So, with a $1000 difference---over the life of a 2-3 year lease---and the approx. .50 more per diesel gallon---but less gas over a month's time than the non diesel E350---do you think the 320 still ends up costing more???
#638 of 1024
Re: Real Life Deal on E350 [jpdc] by bpwyatt
Jun 26, 2008 (7:45 pm)
Reply

Replying to: jpdc (Jun 25, 2008 1:33 pm)

I live in the DC area and am also looking at the E350 4Matic. So the Cap Cost was the result of incentives? Did you put any additional money down? Also, how many miles did you negotiate? Thanks.
#639 of 1024
Re: California Diesel E class lease [br1973] by ocautoseeker
Jun 26, 2008 (10:17 pm)
Reply

Replying to: br1973 (Jun 26, 2008 9:44 am)

08 Mercedes E320 BlueTec Diesel (June Rates)
24 M – Residual 65% of MSRP – .00150
36 M – Residual 55% of MSRP – .00225
 
Residual value based on 15k annual miles.
 
Add 2% for 12k, and 3% for 10k.
#640 of 1024
Re: Real Life Deal on E350 [bpwyatt] by jpdc
Jun 27, 2008 (4:09 am)
Reply

Replying to: bpwyatt (Jun 26, 2008 7:45 pm)

I don't really know how we got to the cap cost. I was planning to ask for $2,000 below invoice based on the incentives, but didn't need to ask. The dealer made this offer straight away (but you should know that my salesman knew me and sold me a GL recently that I negotiated pretty hard).
 
I only needed 10,000 miles/year, which saved me 1% in residual over 12,000.
 
The only money down was $900 -- which was the first month, tags, and a $100 processing fee that I decided not to fight about. And the dealer had sent me a $500 "gas" discount card in the mail, so that was deducted for a total out-of-pocket of just about $400.

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