E350 Lease help
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Newbie
Joined: Feb 2007
Posts: 2
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E350 Lease help
Hi everyone. I'm new to the forum and would like to get some suggestions on leasing an 07 E350. I dropped by the dealership today and was quoted the following:
1) $688 drive off at $680/month for 10K miles for a base E350 sedan w/ the sport package.
2) $688 drive off at $720/month for 10K miles for the above car with Premium I
3) $728 at $770/month for 10K with Premium II
All are for 36 months. This seems pretty high to me and I was wondering what would be more reasonable. I would prefer the Premium II Package version.
This is the first time I'd be leasing a car so bear with me if my questions seems naive. All my other cars were paid for in cash but leasing is a better alternative for me now for tax purposes. I'm currently in a W163 ML 430. Any help would be greatly appreciated. Thanks.
1) $688 drive off at $680/month for 10K miles for a base E350 sedan w/ the sport package.
2) $688 drive off at $720/month for 10K miles for the above car with Premium I
3) $728 at $770/month for 10K with Premium II
All are for 36 months. This seems pretty high to me and I was wondering what would be more reasonable. I would prefer the Premium II Package version.
This is the first time I'd be leasing a car so bear with me if my questions seems naive. All my other cars were paid for in cash but leasing is a better alternative for me now for tax purposes. I'm currently in a W163 ML 430. Any help would be greatly appreciated. Thanks.
MBWorld Fanatic!
Joined: Jun 2007
Posts: 1,936
Likes: 350
From: Huntington NY
S560
Sounds high to me. First off get a 33 month lease, they have a special now, residuals are 56% for 15,000 miles and the money factor is .0009 (2.1%) with good credit.
As an example I was looking at an E550 w/p1 stickered at $64,415. I was quoted $769 a month with $3500 total out of pocket including the bank fee, first payment, NY sales tax (8.625%- approx. $2200), any any other creative fee you could think of. That was for 15000 miles a year.
If you give us the breakdown of MSRP, sale price, money factor and residual you are quoted, months and total out of pocket, we would be able to better judge...
As an example I was looking at an E550 w/p1 stickered at $64,415. I was quoted $769 a month with $3500 total out of pocket including the bank fee, first payment, NY sales tax (8.625%- approx. $2200), any any other creative fee you could think of. That was for 15000 miles a year.
If you give us the breakdown of MSRP, sale price, money factor and residual you are quoted, months and total out of pocket, we would be able to better judge...
Last edited by emilner; Jun 8, 2007 at 10:45 AM.
Junior Member
Joined: Apr 2007
Posts: 71
Likes: 0
From: Los Angeles
2007 Mercedes E550
My sister just pick up a 2007 E350 last week with MSRP $54,000
$2500 drive off
$600 inc. CA tax
33 month lease term
10K per year
2007 E350 is on special lease now. 2008 model is coming in Sep.
She pick up the car at: Penske MB, West Covina, CA
http://www.penske.mercedescenter.com.../b/index.jhtml
$2500 drive off
$600 inc. CA tax
33 month lease term
10K per year
2007 E350 is on special lease now. 2008 model is coming in Sep.
She pick up the car at: Penske MB, West Covina, CA
http://www.penske.mercedescenter.com.../b/index.jhtml
Banned
Joined: Jun 2007
Posts: 67
Likes: 0
From: westlake ohio
2007 e350 4matic
i just picked mine up for 33 months 15k a year with the sport, P1, 4matic, wood wheel and shift knob, ipod integration kit, bluetooth, and pano roof for 517 a month with 1650 out of pocket
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Junior Member
Joined: Apr 2007
Posts: 71
Likes: 0
From: Los Angeles
2007 Mercedes E550
My sister co-worker's husband work as a service manager (Penske MB). He can't even get a deal like that. Talk about $54,000 Mercedes. That's the price i got quoted for BMW 328I ($38,000).
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