Need advise on a E350 offer?
Thread Starter
Member
Joined: Dec 2005
Posts: 76
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11 W164 BlueTec, 09 E82
Need advise on a E350 offer?
Greetings..I'm not sure if this is the right forum but I just needed to get a "gut check" before I sign the papers tomorrow. If this is the wrong place for this type of thread, please accept my apologies.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
MSRP: $58345
Vehicle Price: $48850
Money Factor: .00275
Residual: 62%
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
MSRP: $58345
Vehicle Price: $48850
Money Factor: .00275
Residual: 62%
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
Last edited by byum; Dec 27, 2005 at 11:24 PM.
Out Of Control!!
Joined: Dec 2001
Posts: 12,161
Likes: 1
From: Obama Land
K Car
Originally Posted by byum
Greetings..I'm not sure if this is the right forum but I just needed to get a "gut check" before I sign the papers tomorrow. If this is the wrong place for this type of thread, please accept my apologies.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
Vehicle Price: $48850
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
Vehicle Price: $48850
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
In looking recently at E350 leases, that sounds like a good deal. Is the $3k before the $48850, or is the price really $51850?
MBWorld Fanatic!
Joined: Feb 2004
Posts: 5,143
Likes: 1
From: South Orange County, CA
4 wheels
Originally Posted by byum
Greetings..I'm not sure if this is the right forum but I just needed to get a "gut check" before I sign the papers tomorrow. If this is the wrong place for this type of thread, please accept my apologies.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
MSRP: $58345
Vehicle Price: $48850
Money Factor: .00275
Residual: 62%
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
MSRP: $58345
Vehicle Price: $48850
Money Factor: .00275
Residual: 62%
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
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Out Of Control!!
Joined: Dec 2001
Posts: 12,161
Likes: 1
From: Obama Land
K Car
Originally Posted by byum
$605 is including tax. It was like $559 before taxes.
Car is arriving tomorrow.
Can't wait.
Car is arriving tomorrow.
Can't wait.
Super Member
Joined: Nov 2001
Posts: 669
Likes: 1
From: North Bay Area, California
2001 E320
Originally Posted by byum
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
Myself, if not self-employed, would go for a low interest loan and longer term through a credit union. Originally, leases allowed you to put almost no money down, except for 1st payment, license fees and a small security deposit. Note that manufacturers now advertise lease plans with a downpayment...
Newbie
Joined: Dec 2005
Posts: 1
Likes: 0
Originally Posted by byum
Greetings..I'm not sure if this is the right forum but I just needed to get a "gut check" before I sign the papers tomorrow. If this is the wrong place for this type of thread, please accept my apologies.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
MSRP: $58345
Vehicle Price: $48850
Money Factor: .00275
Residual: 62%
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
I was offered a lease for an 2006 E350 at this rate:
2006 E350
- Sport Package
- Premium Package
- Parktronic
- Lighting Package
MSRP: $58345
Vehicle Price: $48850
Money Factor: .00275
Residual: 62%
39 month lease
12k miles/year
$3000 drive off
$605 / month
Any comments? Is this a fair deal versus the market rate? Thanks in advance.
Member
Joined: Jan 2002
Posts: 126
Likes: 0
You got over $9500 discount.... that is really really good.
My lease deal: $602 including tax
MSRP $56025
Paid $47525 ($8500 discount)
Drive off $2100 with 12k/year
My lease deal: $602 including tax
MSRP $56025
Paid $47525 ($8500 discount)
Drive off $2100 with 12k/year
Originally Posted by byum
$605 is including tax. It was like $559 before taxes.
Car is arriving tomorrow. Can't wait.
Car is arriving tomorrow.
Can't wait.
Out Of Control!!
Joined: Dec 2001
Posts: 12,161
Likes: 1
From: Obama Land
K Car
Originally Posted by Richard / E320
Looks like a great deal, though I'm not a fan on leasing unless your self-employed and you can write it off as a business expense. A lease gives you an opportunity to drive a lot of automobile for less than a true purchase but you never actually own it. I've seen some scary stories on lease returns with 'excessive wear-and-tear and or higher mileage than what was allowed in the lease contract. (I spent 13 years in the automobile business, so I did see the lease returns first-hand.)
Myself, if not self-employed, would go for a low interest loan and longer term through a credit union. Originally, leases allowed you to put almost no money down, except for 1st payment, license fees and a small security deposit. Note that manufacturers now advertise lease plans with a downpayment...
Myself, if not self-employed, would go for a low interest loan and longer term through a credit union. Originally, leases allowed you to put almost no money down, except for 1st payment, license fees and a small security deposit. Note that manufacturers now advertise lease plans with a downpayment...
Of course, a lease is much riskier than financing. You need to ensure that you will keep the car for the term of the lease, you need to ensure that you do not go over the miles allowed, or at least account for the cost of going over in your analysis. And with a higher residual, an earlier trade in could end up costing you more.
Bottom line is that everyone should look into the best deal for them and not be swayed so much by the monthly payment.
Thread Starter
Member
Joined: Dec 2005
Posts: 76
Likes: 0
11 W164 BlueTec, 09 E82
Originally Posted by Rmart
Are you saying that the price you are paying for this car is $48,850, or $9,495 below MSRP? I know it is a lease but how did you arrive at the "Vehicle Price"? It seems hard to believe that they would discount the car so much.
I was skeptical too, that's why I posted the numbers in the forum to get some validation. I just picked up the car and it's GREAT!! Was a very easy deal, I requested a quote online, chose the best price and walked in and purchased it.
Member
Joined: Jan 2002
Posts: 126
Likes: 0
Just wondering where did you get it and who is the dealer?
Originally Posted by byum
I was skeptical too, that's why I posted the numbers in the forum to get some validation. I just picked up the car and it's GREAT!! Was a very easy deal, I requested a quote online, chose the best price and walked in and purchased it.
Member
Joined: Nov 2005
Posts: 96
Likes: 0
From: Seattle, WA
2004 E55
Originally Posted by byum
I was skeptical too, that's why I posted the numbers in the forum to get some validation. I just picked up the car and it's GREAT!! Was a very easy deal, I requested a quote online, chose the best price and walked in and purchased it.
Thanks!!
Member
Joined: Jan 2002
Posts: 126
Likes: 0
I just did some calucation on your lease offer.
If it is 3k drive off which i assume it is including Acq fee $1095, First month payment, DMV etc and the payment should be around $585 with 8.75% tax
If it is 3k drive off which i assume it is including Acq fee $1095, First month payment, DMV etc and the payment should be around $585 with 8.75% tax
Originally Posted by byum
I was skeptical too, that's why I posted the numbers in the forum to get some validation. I just picked up the car and it's GREAT!! Was a very easy deal, I requested a quote online, chose the best price and walked in and purchased it.
Newbie
Joined: Jan 2006
Posts: 6
Likes: 0
From: Los Angeles
E350 W212 Indium Gray
Hi, very good deal. May I find out which dealer is giving you this great price, also interested in one, but wandering if the price is only good for lease only. I'm interested in purchase.
