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Mercedes-Benz E-Class Lease Questions

1049 messages,  Last post on Nov 25, 2009 at 12:39 AM

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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#783 of 1049
Lease deal on 2009 E350 by tim_ver
Jul 01, 2009 (5:55 pm)
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How does my deal sound?
 
They have lowered the t.o.o.p now to $3500 and the monthly payment is $590 tax included.
 
This good or should I ask for more off the monthly payment or total down?
 
Thanks
#784 of 1049
factory to dealer incentive by drdrilz
Jul 01, 2009 (5:57 pm)
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looks like the factory to dealer incentive went up to $10k for july!
#785 of 1049
Incentive by tim_ver
Jul 01, 2009 (6:28 pm)
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That is what I heard. They still have no deals on the 2010 yet though,
 
So what is everyone seeing or getting now with July incentives on the 2009 models?
 
Thanks
#786 of 1049
E350 Lease Deal by beetle39
Jul 04, 2009 (7:57 am)
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I closed this deal and took delivery 4-26-09 at Coggin MB in Ft Pierce, FL
  
E350 with:
289 Wood Steering wheel,
413 Panorama sunroof,
P02 Premium II Pkg.
  
MSRP $61,045
Selling/purchase price 46,823 (discount of $14,222)
 + Dealer Fee 599
 + Acquisition Fee 1,095
 + Prepaid maintenance 1,010 4 years
Capitalized Cost $48517.51
  
Down payment 3,960
 + taxes, tags, fees 580
( I elected to pay $5,000 in cash total out of pocket. However, at 1% finance rate, it might be desirable to finance more.)
  
48 monthly payments of 474.27
12,000 miles per year
Residual 40% ($24,418)
Money Factor .00038 equal to .91 APR
  
With 23.3% discount and less than 1% cost of financing, this seemed to be a pretty good deal.
#787 of 1049
Correction by beetle39
Jul 04, 2009 (8:00 am)
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Remove the prepaid maintenance which I cancelled.
#788 of 1049
Re: Correction [beetle39] by needv8coupe
Jul 04, 2009 (1:02 pm)
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Replying to: beetle39 (Jul 04, 2009 8:00 am)

WOW thats a awsome deal, how was you able to get 14k discount, can I please get contact info for the dealer etc, I dont mind going to florida to pickup the car
#789 of 1049
Re: Correction [needv8coupe] by drdrilz
Jul 04, 2009 (7:44 pm)
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Replying to: needv8coupe (Jul 04, 2009 1:02 pm)

$14,000 is the minimum discount you should be getting at your local MB dealer. With the $10k dealer incentive, that is still above invoice for a model they are just happy to be getting rid of. Dont go across country unless its for a color/option combo that is not available in your area.
#790 of 1049
Re: 2009 E350 Sedan - Lease [ric14] by Car_man HOST
Jul 07, 2009 (2:54 am)
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Replying to: ric14 (Jun 26, 2009 10:36 am)

Congratulations on getting your new E, ric14. Thanks for taking the time to share the details of your lease with everyone. If you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well.
 
Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#791 of 1049
Re: Correction [drdrilz] by duwei
Jul 07, 2009 (3:51 pm)
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Replying to: drdrilz (Jul 04, 2009 7:44 pm)

Just finished email talk with local dealer here in northern CA. He stated that the $10k incentive in July not applicable to lease, only to purchase. Anyone can confirm that ? thx
#792 of 1049
Re: Correction [duwei] by lovemb
Jul 08, 2009 (3:12 pm)
Reply

Replying to: duwei (Jul 07, 2009 3:51 pm)

Don't deal with that dealer. They're trying to rip you off. The 10K apply regardless of the transaction. There's also a special purchase financing rate of 1.9% for up to 66 months that quit a few dealers are not willing to offer, but it's out there. They'll tell you that the rate for 66 months is 2.9% without telling you that they have a 1% margin. Just picked one up at mbz long beach and the internet director is very up front with all the numbers. He does not mess around like most of the other. The lease factor is .00165 which is about 3.96%. Got mine for about $16k below msrp.

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