- #672 of 761
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Re: Finally got my E350 4 MATIC SPORT [ksoman]
by vchad
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Jul 08, 2008 (3:06 pm)
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Replying to: ksoman (Jul 08, 2008 4:50 am)
hey Ksoman, what you said is absolutely RIGHT!
I was lucky(buy some random luck) that the dealer actually gave me EMPLOYEE pricing, on a car. Basically i got the car, same exact price as yours, but also with IPOD KID. WITH employee pricing..i got the car, with 10kmiles a year for.
$384 a month
$1140 down.
so you can see there is a substantial savings. and the money factor, was unheard of... .00001 , which is basicaly 0% interest. I hope more people can get this kinda of deal, its truly remarkable for a $55.5k car. But i know my local mb dealer(ann arbor, MI)...has about 30 E-class models...but it seems they sold about 6 this past weekend alone, so the sale seems to be helping.
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- #673 of 761
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Re: Finally got my E350 4 MATIC SPORT [vchad]
by kauffman1974
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Jul 08, 2008 (4:28 pm)
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Replying to: vchad (Jul 08, 2008 3:06 pm)
Has anyone here heard about about these "employee pricing" deals out here in southern california. I'm looking to move from my BMW lease which ends shortly into an E-Class and have been talking with my dealer. After reading on here that some have been able to get "employee pricing", I brought up the subject but was quickly and harshly reprimanded with the dealer noting that absolutely no one is allowed this pricing unless they are an employee or relative (which is thoroughly investigated).
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- #674 of 761
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Re: Finally got my E350 4 MATIC SPORT [kauffman1974]
by vchad
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Jul 08, 2008 (8:56 pm)
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Replying to: kauffman1974 (Jul 08, 2008 4:28 pm)
Hey Kauffman.... Yeah Mercedes is EXTREMELY tough on giving out those employee codes. The reason being, if mb randomly audits a dealers transaction...and see's no family relationship. The dealer gets yanked of any rebates on that car, plus money owed to the dealer for selling at employee price.....and lot of dealers wont take that risk, knowing lot of money is at stake. Selling at employee pricing...Mb is giving the dealer $700 refund....plus the dealer has 3% hold-back...so they get very lil profit going through employee price. Hence they really have no incentive to offer it...more frustration and less income for them.
I tried for about a month to locate an employee willing to give it, didn't have much luck. Finally the dealer, dunno how...i didnt care...offered me car at employee price..and literally 35mins after they called me....i signed the paperwork for the E-class lease. I wish i knew of a way to help u guys out, i can't tell you how much i love the E-350. I had a gs300 previously...very different cars. Almost....literally.....HALF the lease payment of lexus...so i felt it was a once in a lifetime deal to pass up. My damn cell phone and cable tv/internet bills...come out to almost 300 a month....and getting a $55.5k car for around $384 a month was too good to be true....lucky for me, it was a damn good deal.
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- #675 of 761
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Re: Finally got my E350 4 MATIC SPORT [vchad]
by jets80
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Jul 09, 2008 (5:17 am)
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Replying to: vchad (Jul 08, 2008 8:56 pm)
$384 a month???!! Did you put any money down? I've been going back and forth with one dealer in Brooklyn who was straight up, quoted me $575 mth for a 4matic E350, P1, Ipod, wood/leather wheel, sport package. I had previously gone into a dealer in Monmouth County, NJ, who quoted me $689 for the same car last weekend, no money down. So I went back to them, said I was doing $575 a mth, and they MAGICALLY said they could beat it by $5, making it $570 a mth. Total skumbag move if you ask me, but then they said "we only had 3 MVP #'s to use this month, and they went very quickly. But to gain your business, we will honor that price, and beat it by $5." Obviously car person back tracking...But I can't do the math and make it workout to $570, so I thought that was a great deal. But how in the world did you get to $384??? I don't think I can get a Chevy Malibu for that??
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- #676 of 761
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Re: Finally got my E350 4 MATIC SPORT [jets80]
by 61cats
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Jul 09, 2008 (6:30 am)
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Replying to: jets80 (Jul 09, 2008 5:17 am)
Jets80 (aka Wayne Chrebet) -
Can you provide some additional information on your deal in Brooklyn/Monmouth?
How much $$$ down?
What is the length of the lease?
How many miles per year?
What was he cap cost?
What was the money factor?
What was residual value?
Thanks so much for your help.
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- #677 of 761
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Re: Finally got my E350 4 MATIC SPORT [61cats]
by jets80
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Jul 09, 2008 (6:42 am)
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Replying to: 61cats (Jul 09, 2008 6:30 am)
glady give you contacts if you want offline. these offers were $0 down, the only up front costs were 1st payment, acquisition fee, and tax/title. Came to about $1500-1700, depending on if I did it in NJ vs NY. 12,000 miles a year, 27 months. For some reason, the 27 mth lease is what they are pushing. I inquired about going 36mths, and they raised the pmt by almost $125 a month??? 27 works for me...As far as cap costs, they just told me they were doing "MVP pricing"...I have no desire to buy this after the 27mths, so I never inquired about MF and Residual. I know thats not the way to do leases, but I've been all over the forum calculating the best MF and 62% residual...still cant get to their payments?? Supposedly the 2009 will be arriving at the end of Aug, and dealers want these things gone.
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- #678 of 761
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Re: Finally got my E350 4 MATIC SPORT [jets80]
by ksoman
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Jul 09, 2008 (7:07 am)
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Replying to: jets80 (Jul 09, 2008 6:42 am)
jets, i've exposed my email address if you want to contact for more info... i'll turn it back off tomorrow.
k
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- #679 of 761
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Re: Any lease option & price details on this lease?? [franklingt3]
by kroach
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Jul 09, 2008 (8:08 am)
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Replying to: franklingt3 (Jul 08, 2008 4:42 am)
Frank,
I don't pick my car up until next week but hear are the details,
* E350 4Matic Sport Back w/black MB tex
* MSRP $57,260
* Selling price $51,289 - $5,000 rebate=$46,289
* MF .0012
* Residual 60%
* term 27 month/ 15k miles per year
* payment w/o taxes $581.00
* payment with 6.575% sales tax $620.00
* zero down first payment+$75.00 for tags upon delivery
After doing the math I don't know how they got the payment so low. I asked the finance guy again if this was "employee pricing" and he said it was and that there was no other way to get the payments so low. I think he may have given me the wrong residual but not sure. Also, the $5k rebate threw me a loop. I thought the employee pricing was 12.25% off msrp. All I know if I'm not taking possesion unless my payment is $620.00
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- #680 of 761
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Re: Any lease option & price details on this lease?? [kroach]
by vchad
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Jul 09, 2008 (9:25 am)
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Replying to: kroach (Jul 09, 2008 8:08 am)
Hey Kroach, you actually got a hell of a deal!!
I bought my E-350 silver/black with P1 package and Ipod Kit last week. I actually had employee pricing as well.
Msrp $55.5k
Employee pricing $ 49K
MINUS 4k rebate( there is 5k on the e-550....not sure how they gave u 5k kroach)
So purchase price was $45k.
My car....i got it for 27months. $1140 down(first months + Lease turn in fee).
10k miles a year.
Monthly Price of $384.
Hey Jets80. Can u tell me what they are selling you the car for, I mean $570 is a pretty good deal, with literally ZERO down..but it seems they are still having you pay a little up front.....they can do betta. they aren't giving you true employee pricing.
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- #681 of 761
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Re: Any lease option & price details on this lease?? [vchad]
by jets80
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Jul 09, 2008 (10:26 am)
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Replying to: vchad (Jul 09, 2008 9:25 am)
Technically its not ZERO down...they're charging me 1st month, plus inception fee, plus tags/title. The guy I'm dealing with was a referral, who does Mercedes Fleet Sales (someone explained to me its Wholesale vs Retail??). Whats strange is that they never told me the selling price of the car, they just sent me a sheet with the MSRP on it (a touch over $55k). This still doesn't come close to your $384 price, even if you only have 10k miles. The extra 2k miles can't be worth more than $25 a month?
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