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Sedans Mercedes-Benz E-Class Mercedes-Benz E-Class: Lease Questions
1053 messages, Last post on Dec 03, 2009 at 5:37 PM
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Replying to: crestonave (Nov 30, 2007 9:43 am) 2010 E350 Sedan (Rear wheel drive only) (black exterior / black leather interior with ash (like marble) inserts) P2 package panaramic sunroof 18" wheels ------------------ sticker price for the car is about $57k i traded in my 2006 scion xb with 37k miles on it.they gave me 8k for the car.. so it was my: Scion XB = $8000 CASH = $3500 ------------------------- Total down = $11,500 monthly payments on the car (39 month lease, 12k miles per year) =$580/month. Just to see how much i would be spending on the ride in total after the end of 3 years, i played with the numbers-- $11.5k down + ($580 x 38months) = $33540 total to lease the car. Does this sound like I got an OK deal guys? This is the first ever lease I've gotten. I usually buy my cars outright with cash so this felt a little odd for me.... anyway, let me know... thanks and i wish everyone luck on their car search!!
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Replying to: sh00k (Oct 11, 2009 4:04 am)
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Replying to: jayrider (Oct 12, 2009 5:56 am) the total cost of the e350 came out to roughly 56k. you're right about negotiating the price first - i did not do that. i was more worried about them giving me a good price on my car. the bmw dealer was giving me 6k for my scion but benz wound up giving me 8k. the rest is cash. why is it not a good idea to put down a lot in cash? i figure if i can afford it up front, it'll bring down the monthly payments considerably. i was looking forward to paying ~$800/month on the e350...... i ran the numbers so on my car with a sticker of 56k, leasing would come out to about 32-33k total - that's down payment + $580/month for 38 months... does this info help? did i get a good deal? thanks for the heads up.
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Replying to: sh00k (Oct 12, 2009 8:40 am) |
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Replying to: jayrider (Oct 12, 2009 8:56 am) 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.....
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Replying to: sh00k (Oct 12, 2009 9:04 am) |
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Replying to: jayrider (Oct 12, 2009 8:56 am) 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.
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Replying to: michaell (Oct 12, 2009 11:39 am) You got the car already, so try to enjoy it. I'm sure it's better the Scion.... $11K down....wow....  ))
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Replying to: aeggroup (Oct 12, 2009 12:25 pm) 
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