Lease cost for '09 E350 - can I do better?
#26
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2014 GL450
I should be getting my new '09 E350 this week. I'm getting a very good special deal on this car because I've gotten 4-5 cars from them over the last several years. They don't discount too many cars this much, but its kind of like an employee discount program. That being said, the residual values are killing all leases. My deal is highly discounted, probably something like 12k with almost no interest rate. Payment for 39 months is under $580/month with 10k miles. No cap cost reduction, just sales tax, fees and first payment upfront. I went with a RWD model as I could no longer stand the 5-spd trany anymore and the 7G in this car makes it much more enjoyable to drive. If bad weather hits and I need to drive I'll take my wife's GL. I'm also getting P2 and the Pano roof on a white car. The sports package comes std no charge on the RWD models, $1500 extra for the 4M's. After seeing pics of the new W212 I'm kind of pleased that I will be in this car for another 39 months. Maybe by then they will make it look better than what it does so far.
A few friends of mine got "friends and family" leases in the past couple years and they are incredible- unfortunately, their dealer connection left the business and the other folks there have not been offering the deals.
The residuals are not good-- but at least the money factor/interest rates and discounts compensate enough to still make the leases pretty attractive.
Last edited by mhj202; 12-14-2008 at 07:22 PM.
#27
Member
I am looking at an 09 350 w\PII & Spt PKG, 39 month lease, 12k\yr for 789\month. They are offering to let me out of my current lease on my ML350 which is up in May.
I thing this is a good deal. I just have to decide if I want to move away from the ML which I love.
Any thoughts?
Thanks Mark
I thing this is a good deal. I just have to decide if I want to move away from the ML which I love.
Any thoughts?
Thanks Mark
#28
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'09 SL550; '09 GL550; '11 E550
I am looking at an 09 350 w\PII & Spt PKG, 39 month lease, 12k\yr for 789\month. They are offering to let me out of my current lease on my ML350 which is up in May.
I thing this is a good deal. I just have to decide if I want to move away from the ML which I love.
Any thoughts?
Thanks Mark
I thing this is a good deal. I just have to decide if I want to move away from the ML which I love.
Any thoughts?
Thanks Mark
#30
What is a Cap Cost Reduction?
Beartrap,
Thanks much for strating this thread as I'm almost considering the same car with slightly different options.
What is a cap cost reduction? Also, what will be the residual value of your car at the end of the term?
I'm brand new to leasing, any suggestions would be greatly appreciated.
Thanks
Thanks much for strating this thread as I'm almost considering the same car with slightly different options.
What is a cap cost reduction? Also, what will be the residual value of your car at the end of the term?
I'm brand new to leasing, any suggestions would be greatly appreciated.
Thanks
#31
MBWorld Fanatic!
cap cost = capitalized cost, or amount to be financed
therefore, any reduction in cap cost is essentially a reduction in msrp, or final sale price
therefore, any reduction in cap cost is essentially a reduction in msrp, or final sale price
#32
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'09 SL550; '09 GL550; '11 E550
Beartrap,
Thanks much for strating this thread as I'm almost considering the same car with slightly different options.
What is a cap cost reduction? Also, what will be the residual value of your car at the end of the term?
I'm brand new to leasing, any suggestions would be greatly appreciated.
Thanks
Thanks much for strating this thread as I'm almost considering the same car with slightly different options.
What is a cap cost reduction? Also, what will be the residual value of your car at the end of the term?
I'm brand new to leasing, any suggestions would be greatly appreciated.
Thanks
Residual values for all cars have tanked, but lhigh end cars have really been impacted. My 09 E350 for 39 months is around 48% or so. 18-24 months ago they were high 50's low 60's! The good thing for me is the huge discount on the car plus the low money factor. My lease is going to be about $580/ month and about $11 of that is interest! Amazingly low. The car is being heavily discounted as well, somthing like $10k+ or so. Combined these two factors help offset the negative impact of the low residual value.
Good luck and let us know what you do.
Kb
#33
Beartrap, even before the credit crunch, you could get a 05/06 C350 in 2008 for around 25k usd, that's due to the CLS, the financial crisis only made depreciation worse.
Keep in mind the first pictures of the really "new" W212 E-Class have leaked:
http://www.autoscoops.eu/nieuws/2008...e-eerste-fotos
It means the official release is likely to happen in January. Remember the W204 2008 C-Class was presented to the public on 01/18/07:
http://www.youtube.com/watch?v=0_VnGqVCZM4
It didn't wait for any major Auto Show. US sales started in July 2007. That means the 2011 E-Class is likely to be there in 6 to 12 months tops.
Therefore, if you buy one now you'll feel the depreciation hit from a descontinued generation. If you really want a brand new sedan go for the C350, two years from now it will be facelifted but unlikely to be anything major.
Keep in mind the first pictures of the really "new" W212 E-Class have leaked:
http://www.autoscoops.eu/nieuws/2008...e-eerste-fotos
It means the official release is likely to happen in January. Remember the W204 2008 C-Class was presented to the public on 01/18/07:
http://www.youtube.com/watch?v=0_VnGqVCZM4
It didn't wait for any major Auto Show. US sales started in July 2007. That means the 2011 E-Class is likely to be there in 6 to 12 months tops.
Therefore, if you buy one now you'll feel the depreciation hit from a descontinued generation. If you really want a brand new sedan go for the C350, two years from now it will be facelifted but unlikely to be anything major.
#34
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2009 e350 4matic w/AMG
I just traded in my 2007 e350 for a 2009; MB picked up my last 4 payments. My 2007 was a RWD w/Premium I. I was paying $502 a month and I had put about $3000 down.
The 2009 is a 4-Matic w/AMG and Premium I package. My payments went up to $612 a month and I didnt put a penny down. Just swapped cars and the new payment goes up $110 a month. Thats it. I think I did very well!
The 2009 is a 4-Matic w/AMG and Premium I package. My payments went up to $612 a month and I didnt put a penny down. Just swapped cars and the new payment goes up $110 a month. Thats it. I think I did very well!
#36
Junior Member
How much (on the average) is the penalty for each mile you go over when you lease a vehicle. I am thinking about doing it, but I commute and put on some hefty miles per year. I average about 20,000 miles per year...
I think my best option is to purchase...
I think my best option is to purchase...
#37
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2014 GL450
As you said, your best bet at that kind of mileage is probably to buy.
#39
Member
E350 White
Just swapped the 07E350 for 09E350 w/ P2, Panny, Sport. Loyatly, ambassodor program. Pull forward on my 4 months left on the 07. Deal i got was 1st months, 15k a year, 43% residual. $625 a month. MSRP $61.325.00.
#41
Member
increase
529 to 625 but if i had gotten the same car but 09 it would have been 569 still with 0 down plus first months and 15k as well the 09 are 3-4k more then my 07 was.
on another note.. not to happy with my bluetooth connectivity. basically the puck worked 100% times better if you have old phones/blackberry's. if not you almost have to upgrade your phone/blackberry to download address book. my phones only receive and dail out.
other than that love the ride..
plan on tinting 20%, clear markers, amg pedals, remove front plate and replace fog bulb to match the xenon headlights.
on another note.. not to happy with my bluetooth connectivity. basically the puck worked 100% times better if you have old phones/blackberry's. if not you almost have to upgrade your phone/blackberry to download address book. my phones only receive and dail out.
other than that love the ride..
plan on tinting 20%, clear markers, amg pedals, remove front plate and replace fog bulb to match the xenon headlights.
#42
MBWorld Fanatic!
Sorry for off topic. I have a similar problem with BT. Calling and receiving only work. I have not so new phone. It is Windows Mobile based. I have no problem with the phone in BMW. I also tested the phone with Audi's BT and address book upload worked as well. I guess Benz over engineered BT giving multiple ways of loading addresses, so finally missed basic functionality. Interesting that I tried other phones with Mercedes BT as classic Motorola Razr V3, and some LG and although E class BT showed that contacts can be uploaded, they actually couldn't. So I am glad that my lease is only 2 years. I keep hope that W212 will have all these problems fixed; otherwise I have a strong intention to get 5series with new iDrive which works perfectly with wider range of phones. I also noticed that BMW navigation is really smart now and can show also tall buildings on 3D view maps. I do not mention point interests which are more useful in BMW.
#43
W212 Alive and Kicking!
2010 Mercedes E-Class W212 presented at NAIAS 2009!!!
http://www.youtube.com/watch?v=SPuAFUiLP9s
Like I said on my previous poster... wait!
http://www.youtube.com/watch?v=SPuAFUiLP9s
Like I said on my previous poster... wait!
#44
09 lease
Gave back the 2007 E350, couldn't reach a deal with MB fin.
Got into a new 2009. Super deal; $13k off msrp, dirt cheap money factor, $480 plus tax per month, 36 months, 2700 out the door which included 800 bank fee, tags, tax and a small cap reduction - 800.
Got the Iridium silver this time with the tan interior...... Electronics are so much improved vs. 2007.
Got into a new 2009. Super deal; $13k off msrp, dirt cheap money factor, $480 plus tax per month, 36 months, 2700 out the door which included 800 bank fee, tags, tax and a small cap reduction - 800.
Got the Iridium silver this time with the tan interior...... Electronics are so much improved vs. 2007.
Last edited by A C; 01-14-2009 at 11:38 PM.