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Mercedes-Benz E-Class Lease Questions

1053 messages,  Last post on Dec 03, 2009 at 5:37 PM

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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#965 of 1053
Re: I bought it! [sh00k] by jayrider
Oct 12, 2009 (8:56 am)
Reply

Replying to: sh00k (Oct 12, 2009 8:40 am)

Go with as little out of pocket as possible. Should your car be totaled, you will lose everything you put down. Go to edmunds leasing site to get more info. Also you can email the forum hosts to advise you. Keep all the cash down in the bank and use it to supplement the payments. Since you traded in a car that may change things a bit. See if they will let you roll the trade in $ into the lease. Also check out the 2010 passat's. Take a test drive in one and see if it compares favorably with the mercedes. Big $ savings for a eurosedan.
#966 of 1053
Re: I bought it! [jayrider] by sh00k
Oct 12, 2009 (9:04 am)
Reply

Replying to: jayrider (Oct 12, 2009 8:56 am)

thanks jay - those are some really good tips.
 
they did roll the 8k (from the car i traded in) into the lease. on top of that 8k, i am putting down $3500 in cash.
 
that brings the monthly payment down to $580/month for 38 months on a 2010 e350 sedan, p2 options package, 18" wheels, panaramic sunroof.
 
question - all costs for a lease should be what % of the cars sale price? is 50% a good number to shoot for?
 
i just did the math and it looks like, to lease the car for 38 months, i will be paying about 60% of the MRSP.
 
that is, on my 56k car, my trade in + down payment + 580/month for 38 months comes out to about $34,000 which is roughly 61% of the car's price.
 
man, i feel uneasy... that seems like a high number to me.....
#967 of 1053
Re: I bought it! [sh00k] by jayrider
Oct 12, 2009 (9:23 am)
Reply

Replying to: sh00k (Oct 12, 2009 9:04 am)

Lot of money for sure -- check out the passat-cc or 4motion. Plenty of sweetness for a whole lot less. I know -- it ain't a mercedes so if you have to have one I would use the internet to search for a better deal. May not be one but you can try. The deals on mercedes are not great at this time. Go to ridewithg.com and register. You can then post a question on this lease. Swapalease has deals for 699 and less zero down on the eclass -- check them out.
#968 of 1053
Re: I bought it! [jayrider] by michaell
Oct 12, 2009 (11:39 am)
Reply

Replying to: jayrider (Oct 12, 2009 8:56 am)

Should your car be totaled, you will lose everything you put down.
 
You may want to check out the Nissan Maxima lease forum .. there is a sad tale of a poster who had this exact situation happen to him.
#969 of 1053
Re: I bought it! [michaell] by aeggroup
Oct 12, 2009 (12:25 pm)
Reply

Replying to: michaell (Oct 12, 2009 11:39 am)

What's a point to know you gotta good deal or bad ?
You got the car already, so try to enjoy it. I'm sure it's better the Scion....
$11K down....wow.... ))
#970 of 1053
Re: I bought it! [aeggroup] by jayrider
Oct 12, 2009 (12:34 pm)
Reply

Replying to: aeggroup (Oct 12, 2009 12:25 pm)

I misunderstood the whole thing -- if you already leased the merc than there is no point to what I said. I thought you hadn't pulled the trigger yet.
#971 of 1053
Re: residual and money factors on E-Class 350W in october [Car_man] by anweisz
Oct 12, 2009 (7:20 pm)
Reply

Replying to: Car_man (Oct 09, 2009 2:05 am)

tnx for prompt answer, however dealer says residual value of 61% is for
2WD coupe,while sedan is only 60%,for 39 months 7500 miles. Could
you clarify?
#972 of 1053
Tire and Rim Insurance by frogger97
Oct 13, 2009 (5:46 am)
Reply
Hi all;
 
Is getting a 39 month Tire and Rim insurance for $475.00 with tax worth it for the new E class??
 
What do you guys think?
#973 of 1053
Re: Tire and Rim Insurance [frogger97] by bbell40941
Oct 13, 2009 (9:37 am)
Reply

Replying to: frogger97 (Oct 13, 2009 5:46 am)

What the heck does it cover?
#974 of 1053
Re: Tire and Rim Insurance [frogger97] by aeggroup
Oct 13, 2009 (11:04 am)
Reply

Replying to: frogger97 (Oct 13, 2009 5:46 am)

If your car has Sport package - take it. I paid for my insurance ( rims and tires ) $380 for the length of my lease. I changed already 4 tires - $230 to $270 each...
insurance already paid off. Don't think twice.

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