E-Class (W211) 2003-2009

Lease figures??

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Old Oct 7, 2007 | 03:29 AM
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BUSTN's Avatar
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2005 C230 SEDAN
Lease figures??

I amseeing that alot of guys here are getting really good lease deals. I amlooking for an 08' e350 with p2,amg,panarama roof, nav, etc.I looked on mbusa.com and they seem to want $6k down for a $61k car.I am basically trying get in with the lowest possible down.Are security deposits available on these leases as well?Where can I find these deals, thanks!!!!
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Old Oct 8, 2007 | 10:22 AM
  #2  
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From: Long Island, NY
2004 E500 Wagon 4Matic
Where you at?

Originally Posted by BUSTN
I amseeing that alot of guys here are getting really good lease deals. I amlooking for an 08' e350 with p2,amg,panarama roof, nav, etc.I looked on mbusa.com and they seem to want $6k down for a $61k car.I am basically trying get in with the lowest possible down.Are security deposits available on these leases as well?Where can I find these deals, thanks!!!!
I don't lease myself, but if you mention the area of the country you are in, others here may be able to help you quicker.
Peace, jim
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Old Oct 8, 2007 | 11:08 AM
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From: Reality
2021 E450 4matic
Originally Posted by BUSTN
I amseeing that alot of guys here are getting really good lease deals. I amlooking for an 08' e350 with p2,amg,panarama roof, nav, etc.I looked on mbusa.com and they seem to want $6k down for a $61k car.I am basically trying get in with the lowest possible down.Are security deposits available on these leases as well?Where can I find these deals, thanks!!!!
Yes, where you are has a big impact. I am in the NEast area and I think (you never really know with a lease) I got a good deal. I just picked up a 2008 E Class P2 with Pana sunroof, iPod Adapter, Black Sienna paint, designo burl wood (with sport pkg - I hated the black wood),Trunk Closer, folding seats and bluetooth for $636 a month and $1k down ($2900 inception). Sticker on car was over $62k. The website calculators (any of them) never work. I think they are meant to be a starting point to see if you shouldn't "play here". When I run the car I got through the calculaotr I get over $1,000 a month as a response. Only a dealer can give you anything better.
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Old Oct 8, 2007 | 11:39 AM
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You are on the right track

do not give up 6 grand on a lease. You are spending far too much money on a depreciating asset.

That said, you need to take into consideration both the area of the country and your credit rating.

Visit a dealer, let them give you all of the information on a car that meets your requirements and specifications (money factor, residual, annual mileage, etc). They will never give you their "best" number first.

If possible, try to play one dealer against the other. Be sure to use realistic annual mileage.
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Old Oct 8, 2007 | 11:59 AM
  #5  
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From: Reality
2021 E450 4matic
Originally Posted by chairman
do not give up 6 grand on a lease. You are spending far too much money on a depreciating asset.

That said, you need to take into consideration both the area of the country and your credit rating.

Visit a dealer, let them give you all of the information on a car that meets your requirements and specifications (money factor, residual, annual mileage, etc). They will never give you their "best" number first.

If possible, try to play one dealer against the other. Be sure to use realistic annual mileage.
Good point, those "lease deals" usually require the down payment of your home and offer enough miles to get you to the corner store and back once a week.

I usually go in with a monthly number in mind, what I want for it and take it from there. If they know you're serious (go back a few times), they will deal. I also usually pick a dealer that has tons of cars in inventory, agree to a price/options on one they have in stock and then once I have the price and/or monthly payment, tell him what I really want in the car and ask him to swap one from another dealer if he doesn't have it. Once they agree to the price and the options/pricing are similar, and they know you're serious, more often than not they'll find one for you at the price you want with the options you want. You'll have to give in a little and prioritze the options you want, but you will more often get the car you want for the money you want to pay. Be patient and try to do it when they need to sell (end of month, end of FY, etc).

I don't think it needs to be sad, but you will not get a loaded car for the price they show on TV ads (although I've come close).
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