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Mercedes-Benz E-Class Lease Questions

2973 messages,  Last post on May 21, 2013 at 1:00 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 10 of 299

#82 of 2973 Re: Is this a good lease deal for E350 4M? [carhere] by Car_man HOST

Feb 20, 2006 (3:52 am)

Replying to: carhere (Jan 12, 2006 1:18 pm)
You're welcome, carhere. Than you for the additional information. OK, so you are interested in leasing a 2006 Mercedes-Benz E350 Sedan with 4Matic that has an MSRP of $58,455 and a capitalized cost of $50,240.63. This is a really low capitalized cost, well below dealer invoice minus the $2,000 bonus for leasing through Mercedes-Benz Credit. This means two things, one you are probably getting a good price on this car and two you are probably making a down payment. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your E-Class would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.
 
Other than the down payment, this deal looks pretty good to me. Both the selling price of this car and its lease payment look good.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#83 of 2973 Re: E350 4 Matic [dcnative] by Car_man HOST

Feb 20, 2006 (3:58 am)

Replying to: dcnative (Jan 27, 2006 10:21 am)
Hello dcnative. A base 2006 Mercedes-Benz E350 Sedan with 4Matic has a spread of a little over $3,600 between its full MSRP and dealer invoice price. When one take the $2,000 bonus that Mercedes is giving dealers for leases of this car through Mercedes-Benz Credit into account, there is around $5,600 to play with. As a result, the $5,200 discount that you are being given looks very reasonable to me. Using the prices that you were quoted, an MSRP of $56,775 and a selling price of $51,575, I estimate that your payment for a 39 month lease with 12,000 miles per year through Mercedes-Benz Credit should have a zero down, pre-tax monthly payment of around $650. As you can see, the payment that you were quoted is MUCH higher than this, so something is wrong. Perhaps the dealer that you are working with is marking-up Mercedes- buy rate money factor to add additional hidden back-end profit to your deal. You definitely need to make sure your payment is closer to the $650 range.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#84 of 2973 is this a good lease on E350 by pjl12763

Feb 22, 2006 (5:44 pm)

I am looking at E350 with premium and sport packages. I received quotes on 2 cars. One has the 4matic - selling price of $55K (not sure of MSRP), total due at inception of $2k, monthly payment of $777. The other does not have 4matic (but still has premium and sport and also has Sirius and Bi-X headlights), the MSRP is $57,900 , the selling price is $53,300, monthly payment is $764, total due at inception is $2K. Are these good deals?

#85 of 2973 follow up to last post - #84 - E350 lease by pjl12763

Feb 22, 2006 (5:48 pm)

I forgot to mention that it was 39 month lease, 12000 miles per year.

#86 of 2973 E350 lease by pjl12763

Feb 23, 2006 (10:42 am)

Is this a good lease?
 
E350 (pewter)
sport package
premium package
sirius
12000 miles
39 months
 
MSRP 57615
selling price 52660
monthly $755 (includes PA 6%tax)
$1800 at inception (first month, tags taxes and bank fee)
 
also, if anyone has the sport package, please advise on how firm the ride is versus the standard package. I love the look but not sure if I will like the ride.

#87 of 2973 Re: is this a good lease on E350 [pjl12763] by Car_man HOST

Feb 24, 2006 (4:38 am)

Replying to: pjl12763 (Feb 22, 2006 5:44 pm)
Hi pjl12763. Mercedes-Benz is currently providing a $2,000 cash bonus on 2006 E350 Sedans that are leased through Mercedes-Benz Credit. Taking this cash into account, it appears to me as though you are getting the second car that you mentioned for around $1,000 over invoice. This is a reasonable price you may want to stop by the following discussion to compare it to the prices that other community members have paid for similar cars recently: "Mercedes Benz E-Class: Prices Paid & Buying Experience". Using the prices that you mentioned in your post, an MSRP of $57,900, and a selling price of $53,300, I estimate that this car should have a 39 month, 12,000 mile per year, zero down, pre-tax monthly payment of around $683. You never mentioned how long your lease is for or how many miles per year you are allowed to drive, but the combination that I just used is probably the optimal one for this car. As you can see, the payment that I came up with is a little lower than the one that you were quoted. Make sure that the dealer you are working with is using Mercedes-Benz Credit's buy rate lease money factor of .00250 to calculate your car's lease payment.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#88 of 2973 e500 lease rates by richardga73

Feb 28, 2006 (4:31 pm)

We have exhausted the 350 lease rates, sedans and wagons. How about the latest rates on e500,e55 residuals, money factor etc. Thanks in advance. I was offered 36 mos. 52% residual 1700 down and around 975 mo.

#89 of 2973 March Deals by golfer71

Mar 02, 2006 (7:04 pm)

Any one know what the deal is with the March Leases? In December it was $3k back, in Jan/feb it was $2k with a smaller lease factor. Will March be a smaller lease factor and $3k? Anyone know?

#90 of 2973 Re: March Deals [golfer71] by tiltup

Mar 05, 2006 (12:43 am)

Replying to: golfer71 (Mar 02, 2006 7:04 pm)
I just leased a 2006 E500 today and the factor was .00305 and I have not seen it on any web sites however I was able to get $2,000 of trunk money on it. They indicated that there was still money on the E350 as well. The money factor has gone up.

#91 of 2973 Re: Is This A good Lease Price [Car_man] by npc

Mar 07, 2006 (8:15 am)

Replying to: Car_man (Feb 20, 2006 3:44 am)
Thanks for your response.
Do you advice making a single lease payment? the saving is good. Are there any potential risks in making a upfront single payments considering if the car is a total or stolen.
Please advice.
Thank you.

Messages Page 10 of 299

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