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Mercedes-Benz E-Class, Car Leasing, Sedan, Wagon
#83 of 3242 Re: E350 4 Matic [dcnative]
Feb 20, 2006 (2:58 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.
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#84 of 3242 is this a good lease on E350
Feb 22, 2006 (4:44 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 3242 follow up to last post - #84 - E350 lease
Feb 22, 2006 (4:48 pm)
I forgot to mention that it was 39 month lease, 12000 miles per year.
#86 of 3242 E350 lease
Feb 23, 2006 (9:42 am)
Is this a good lease?
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 3242 Re: is this a good lease on E350 [pjl12763]
Feb 24, 2006 (3:38 am)
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.
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#88 of 3242 e500 lease rates
Feb 28, 2006 (3:31 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 3242 March Deals
Mar 02, 2006 (6:04 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 3242 Re: March Deals [golfer71]
Mar 04, 2006 (11:43 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 3242 Re: Is This A good Lease Price [Car_man]
Mar 07, 2006 (7:15 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.
#92 of 3242 Seemingly decent lease
Mar 12, 2006 (1:06 pm)
I've never leased before, and while this is after the fact, I thought I'd share the deal I was able to partake in and thank you all for at least letting me know (by reading this and other forums) it was "a good deal." Well at least from everything I have read before or since, it looks like it was a reasonable deal at least...
Specifics: 2006 E350 4matic premium package, Iridium silver paint, destination charge
list: $56965.00 / "purchase:" $49446.49
Lease term: 27 month
Payment (before taxes): $527.01
Residual value: $41014.80
Standard fees - at least for around here - were charged for prep/document handling, etc. That is, other dealerships had similar fees for the same things.
Spoke to several brokers and they all indicated this was a "good deal." Apparently the dealer (based in Westminster, Colorado) was looking to push out some cars for volume. They moved 15+ E350s in 3 days - even some of the staff took the deal I was told. Guess they pretty much plowed all of their incentive cash back into the deal.
I was looking for something short term - 2-3 years and this fit the bill quite nicely. I have no intention of keeping this car - really just waiting to see what diesels make it here in the meantime : )