2008 E350 September Lease deal - I have some questions
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2008 E350 September Lease deal - I have some questions
This looks like a GREAT lease deal... Check mbusa.com, you'll see there is a new lease deal on the 2008 E350 for the month of September (through October 1st):
$579/mo. for 39 mo.
$579 first month payment
$2,850 cap cost reduction
$795 acquisition fee
__________________
$4,224 Total cash due at signing
________________________
DETAILS:
MSRP - $54,085 less the suggested dealer contribution resulting in a total gross cap cost of $51,457.41 <-- (Does this mean that the dealer gets $2627.59 money from MBUSA?)
Total monthly payments = $22,581
Total payments with cash due at signing = $26,226
$0.25/mile over 32,500 miles and $595 vehicle turn-in fee
Purchase option at lease end for $30,828.45
______________________
I'm really wondering if that "suggested dealer contribution" is a cash incentive to the dealer... If so, then I can definitely negotiate another $2000 or so off the MSRP of this car, I'm thinking... I'd like to get the MSRP down to below $50,000... I live in Northern Virginia...
Any thoughts on this lease would be helpful. Thanks!
$579/mo. for 39 mo.
$579 first month payment
$2,850 cap cost reduction
$795 acquisition fee
__________________
$4,224 Total cash due at signing
________________________
DETAILS:
MSRP - $54,085 less the suggested dealer contribution resulting in a total gross cap cost of $51,457.41 <-- (Does this mean that the dealer gets $2627.59 money from MBUSA?)
Total monthly payments = $22,581
Total payments with cash due at signing = $26,226
$0.25/mile over 32,500 miles and $595 vehicle turn-in fee
Purchase option at lease end for $30,828.45
______________________
I'm really wondering if that "suggested dealer contribution" is a cash incentive to the dealer... If so, then I can definitely negotiate another $2000 or so off the MSRP of this car, I'm thinking... I'd like to get the MSRP down to below $50,000... I live in Northern Virginia...
Any thoughts on this lease would be helpful. Thanks!
Thread Starter
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Joined: Apr 2003
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Out Of Control!!
Joined: Aug 2004
Posts: 10,574
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From: Silicon Valley, CA
1999 C280 Previous / 2008 E350
Thread Starter
Almost a Member!
Joined: Apr 2003
Posts: 41
Likes: 0
Thanks...
Here's the deal I finalized, I think I got a decent deal...
39 mo. / 10k miles
MSRP: $56,620 (Negotiated gross cap cost is right around $50k, so about $1000 below invoice)
Doc fee $299
$87 tags
3.2% sales tax
Acq. fee: $1095 (Yes, they mark it up $300!)
NOTHING down, just first months payment: $720/month
Here's the deal I finalized, I think I got a decent deal...
39 mo. / 10k miles
MSRP: $56,620 (Negotiated gross cap cost is right around $50k, so about $1000 below invoice)
Doc fee $299
$87 tags
3.2% sales tax
Acq. fee: $1095 (Yes, they mark it up $300!)
NOTHING down, just first months payment: $720/month
Out Of Control!!
Joined: Aug 2004
Posts: 10,574
Likes: 2
From: Silicon Valley, CA
1999 C280 Previous / 2008 E350
Thanks...
Here's the deal I finalized, I think I got a decent deal...
39 mo. / 10k miles
MSRP: $56,620 (Negotiated gross cap cost is right around $50k, so about $1000 below invoice)
Doc fee $299
$87 tags
3.2% sales tax
Acq. fee: $1095 (Yes, they mark it up $300!)
NOTHING down, just first months payment: $720/month
Here's the deal I finalized, I think I got a decent deal...
39 mo. / 10k miles
MSRP: $56,620 (Negotiated gross cap cost is right around $50k, so about $1000 below invoice)
Doc fee $299
$87 tags
3.2% sales tax
Acq. fee: $1095 (Yes, they mark it up $300!)
NOTHING down, just first months payment: $720/month
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Out Of Control!!
Joined: Aug 2004
Posts: 10,574
Likes: 2
From: Silicon Valley, CA
1999 C280 Previous / 2008 E350
I hate to say its too much and I dont know if you already made the deal.... I have mine for $637 for 33months which means I'll be paying $22K for total. (Depreciation)
As for yours $720mo for 39month will come to $28,080 <<<See what I mean... What's the Residual and Money Factor for this car if you dont mind asking.
You should be in the low $600s range. so I suggest keep trying hard negotiating....and if you need anything else let me know or PM. I love to help...
As for yours $720mo for 39month will come to $28,080 <<<See what I mean... What's the Residual and Money Factor for this car if you dont mind asking.
You should be in the low $600s range. so I suggest keep trying hard negotiating....and if you need anything else let me know or PM. I love to help...
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Junior Member
Joined: Aug 2003
Posts: 15
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From: So Cal, USA
07' SLK280, 05.5 Audi A4, 07' Triumph Bonneville
Sent you a PM... I need to know how you "pushed for this deal"...
I am also on the fence about the CLK350 and the E350! The e350 Sport (like yours) would be a far better value and at $600/all-in. It's a gimme. I was thinking $2k down... but whatever.
I look forward to any tips/advice you can share.
-Lance
I am also on the fence about the CLK350 and the E350! The e350 Sport (like yours) would be a far better value and at $600/all-in. It's a gimme. I was thinking $2k down... but whatever.
I look forward to any tips/advice you can share.
-Lance
Out Of Control!!
Joined: Aug 2004
Posts: 10,574
Likes: 2
From: Silicon Valley, CA
1999 C280 Previous / 2008 E350
Sent you a PM... I need to know how you "pushed for this deal"...
I am also on the fence about the CLK350 and the E350! The e350 Sport (like yours) would be a far better value and at $600/all-in. It's a gimme. I was thinking $2k down... but whatever.
I look forward to any tips/advice you can share.
-Lance
I am also on the fence about the CLK350 and the E350! The e350 Sport (like yours) would be a far better value and at $600/all-in. It's a gimme. I was thinking $2k down... but whatever.
I look forward to any tips/advice you can share.
-Lance
Thread Starter
Almost a Member!
Joined: Apr 2003
Posts: 41
Likes: 0
I hate to say its too much and I dont know if you already made the deal.... I have mine for $637 for 33months which means I'll be paying $22K for total. (Depreciation)
As for yours $720mo for 39month will come to $28,080 <<<See what I mean... What's the Residual and Money Factor for this car if you dont mind asking.
You should be in the low $600s range. so I suggest keep trying hard negotiating....and if you need anything else let me know or PM. I love to help...
As for yours $720mo for 39month will come to $28,080 <<<See what I mean... What's the Residual and Money Factor for this car if you dont mind asking.
You should be in the low $600s range. so I suggest keep trying hard negotiating....and if you need anything else let me know or PM. I love to help...
But, I called two other dealers, and got right around the same number... low 700s...Money factor is 155, residual is 57% <-- exactly per the sticky post for september lease rates... 10k miles/year
Thoughts? I ran the numbers and it looked like a good deal... They are selling the car for over $6000 under MSRP...
Out Of Control!!
Joined: Aug 2004
Posts: 10,574
Likes: 2
From: Silicon Valley, CA
1999 C280 Previous / 2008 E350
No worries... I am supposed to pick up the car tomorrow, so there is still time to negotiate But, I called two other dealers, and got right around the same number... low 700s...
Money factor is 155, residual is 57% <-- exactly per the sticky post for september lease rates... 10k miles/year
Thoughts? I ran the numbers and it looked like a good deal... They are selling the car for over $6000 under MSRP...
But, I called two other dealers, and got right around the same number... low 700s...Money factor is 155, residual is 57% <-- exactly per the sticky post for september lease rates... 10k miles/year
Thoughts? I ran the numbers and it looked like a good deal... They are selling the car for over $6000 under MSRP...
Junior Member
Joined: Aug 2007
Posts: 24
Likes: 0
From: Colorado
2010 ML 350 4MATIC
Bought for invoice in Colorado
Best deal I could get in Colorado this week:
'08 E350 4MATIC, Arctic white/Cashmere MB Tex, P1 with Sports package, Burl Walnut trim, iPod integration, headlamp washers at invoice $52,915.
They upped the MF to .00195, and Acq. fee to $1,095, plus dealer fee of $399. Probably could have negotiated down another $500, but I was happy to get exactly the car I was looking for and not having to wait (car was just off the truck, with 9 miles on the clock and still had the plastic on). They threw in couple of hundred $s in freebies to close the deal. Took less than 30 minutes to sort it all out, and drove off a couple of hours later.
Reading the threads here helped a lot with the negotiating, so a big Thank You to everyone here.
'08 E350 4MATIC, Arctic white/Cashmere MB Tex, P1 with Sports package, Burl Walnut trim, iPod integration, headlamp washers at invoice $52,915.
They upped the MF to .00195, and Acq. fee to $1,095, plus dealer fee of $399. Probably could have negotiated down another $500, but I was happy to get exactly the car I was looking for and not having to wait (car was just off the truck, with 9 miles on the clock and still had the plastic on). They threw in couple of hundred $s in freebies to close the deal. Took less than 30 minutes to sort it all out, and drove off a couple of hours later.
Reading the threads here helped a lot with the negotiating, so a big Thank You to everyone here.
Thread Starter
Almost a Member!
Joined: Apr 2003
Posts: 41
Likes: 0
Best deal I could get in Colorado this week:
'08 E350 4MATIC, Arctic white/Cashmere MB Tex, P1 with Sports package, Burl Walnut trim, iPod integration, headlamp washers at invoice $52,915.
They upped the MF to .00195, and Acq. fee to $1,095, plus dealer fee of $399. Probably could have negotiated down another $500, but I was happy to get exactly the car I was looking for and not having to wait (car was just off the truck, with 9 miles on the clock and still had the plastic on). They threw in couple of hundred $s in freebies to close the deal. Took less than 30 minutes to sort it all out, and drove off a couple of hours later.
Reading the threads here helped a lot with the negotiating, so a big Thank You to everyone here.
'08 E350 4MATIC, Arctic white/Cashmere MB Tex, P1 with Sports package, Burl Walnut trim, iPod integration, headlamp washers at invoice $52,915.
They upped the MF to .00195, and Acq. fee to $1,095, plus dealer fee of $399. Probably could have negotiated down another $500, but I was happy to get exactly the car I was looking for and not having to wait (car was just off the truck, with 9 miles on the clock and still had the plastic on). They threw in couple of hundred $s in freebies to close the deal. Took less than 30 minutes to sort it all out, and drove off a couple of hours later.
Reading the threads here helped a lot with the negotiating, so a big Thank You to everyone here.
