Buy or lease? Still undecided!
#1
Senior Member
Thread Starter
Buy or lease? Still undecided!
Below are the specifics of a buy / lease opportunity for a 2009 e350. As you know there are some crazy deals for these cars right now. I am torn between leasing and buying. Can you give me some pointers / your viewpoint?
Thanks!
A couple of points (I can't tell if this is BS or not)
1) Dealer claims as a lease, I am liable for a finance charge against the whole car value (MSRP / not negotiated price) at a money factor = 3.96% APR
2) Lease APR = 3.9% for 36 months while a 36 month loan comes in at 1.9%. I know the MB wholesale cost of loan money to the dealer is 0.9% for 3 months. Is there a way I can get MB to lower the money factor? Dealer won't accept multipe security deposits
3) Residual at 3 yrs at 12k miles is 45%.
4) I think a 3yr loan would be hard to do for me. If I bought, I would probably do the 66month loan. Is this a bad idea?
Love the forum!
-------------------------------------------------------------------------------------------------
Vehicle: 2009 MERCEDES BENZ E CLASS E350W 4dr Sdn E350 Sport
PURCHASE OPTION
Selling Price: $33,951.00
Sales Tax (estimate): + $2,978.07
Tag/Registration Fees (estimate): + $447.00
Tire/Battery/MVWEA: + $8.75
Electronic Filing: + $29.00
Documentation Fee: + $55.00
Flat Add/County Fee: + $26.00
Balance Due (estimate): $37,494.82
No Trade-In
FINANCE OPTIONS
with Cash Down of $1000 $3000 $5000
36 months APR: 1.90 % pmt = 1045 988 931
48 months APR: 2.90 % pmt = 808 763 719
60 months APR: 2.90 % pmt = 655 620 584
66 months APR: 2.90 % pmt = 600 567 534
LEASE OPTIONS
Cash Due 36 months
12,000 Miles Money Factor 3.96%
with $1,000 down pmt = $440
$3,000 down $379
$5,000 down $318
Thanks!
A couple of points (I can't tell if this is BS or not)
1) Dealer claims as a lease, I am liable for a finance charge against the whole car value (MSRP / not negotiated price) at a money factor = 3.96% APR
2) Lease APR = 3.9% for 36 months while a 36 month loan comes in at 1.9%. I know the MB wholesale cost of loan money to the dealer is 0.9% for 3 months. Is there a way I can get MB to lower the money factor? Dealer won't accept multipe security deposits
3) Residual at 3 yrs at 12k miles is 45%.
4) I think a 3yr loan would be hard to do for me. If I bought, I would probably do the 66month loan. Is this a bad idea?
Love the forum!
-------------------------------------------------------------------------------------------------
Vehicle: 2009 MERCEDES BENZ E CLASS E350W 4dr Sdn E350 Sport
PURCHASE OPTION
Selling Price: $33,951.00
Sales Tax (estimate): + $2,978.07
Tag/Registration Fees (estimate): + $447.00
Tire/Battery/MVWEA: + $8.75
Electronic Filing: + $29.00
Documentation Fee: + $55.00
Flat Add/County Fee: + $26.00
Balance Due (estimate): $37,494.82
No Trade-In
FINANCE OPTIONS
with Cash Down of $1000 $3000 $5000
36 months APR: 1.90 % pmt = 1045 988 931
48 months APR: 2.90 % pmt = 808 763 719
60 months APR: 2.90 % pmt = 655 620 584
66 months APR: 2.90 % pmt = 600 567 534
LEASE OPTIONS
Cash Due 36 months
12,000 Miles Money Factor 3.96%
with $1,000 down pmt = $440
$3,000 down $379
$5,000 down $318
#2
Below are the specifics of a buy / lease opportunity for a 2009 e350. As you know there are some crazy deals for these cars right now. I am torn between leasing and buying. Can you give me some pointers / your viewpoint?
Thanks!
A couple of points (I can't tell if this is BS or not)
1) Dealer claims as a lease, I am liable for a finance charge against the whole car value (MSRP / not negotiated price) at a money factor = 3.96% APR
2) Lease APR = 3.9% for 36 months while a 36 month loan comes in at 1.9%. I know the MB wholesale cost of loan money to the dealer is 0.9% for 3 months. Is there a way I can get MB to lower the money factor? Dealer won't accept multipe security deposits
3) Residual at 3 yrs at 12k miles is 45%.
4) I think a 3yr loan would be hard to do for me. If I bought, I would probably do the 66month loan. Is this a bad idea?
Love the forum!
-------------------------------------------------------------------------------------------------
Vehicle: 2009 MERCEDES BENZ E CLASS E350W 4dr Sdn E350 Sport
PURCHASE OPTION
Selling Price: $33,951.00
Sales Tax (estimate): + $2,978.07
Tag/Registration Fees (estimate): + $447.00
Tire/Battery/MVWEA: + $8.75
Electronic Filing: + $29.00
Documentation Fee: + $55.00
Flat Add/County Fee: + $26.00
Balance Due (estimate): $37,494.82
No Trade-In
FINANCE OPTIONS
with Cash Down of $1000 $3000 $5000
36 months APR: 1.90 % pmt = 1045 988 931
48 months APR: 2.90 % pmt = 808 763 719
60 months APR: 2.90 % pmt = 655 620 584
66 months APR: 2.90 % pmt = 600 567 534
LEASE OPTIONS
Cash Due 36 months
12,000 Miles Money Factor 3.96%
with $1,000 down pmt = $440
$3,000 down $379
$5,000 down $318
Thanks!
A couple of points (I can't tell if this is BS or not)
1) Dealer claims as a lease, I am liable for a finance charge against the whole car value (MSRP / not negotiated price) at a money factor = 3.96% APR
2) Lease APR = 3.9% for 36 months while a 36 month loan comes in at 1.9%. I know the MB wholesale cost of loan money to the dealer is 0.9% for 3 months. Is there a way I can get MB to lower the money factor? Dealer won't accept multipe security deposits
3) Residual at 3 yrs at 12k miles is 45%.
4) I think a 3yr loan would be hard to do for me. If I bought, I would probably do the 66month loan. Is this a bad idea?
Love the forum!
-------------------------------------------------------------------------------------------------
Vehicle: 2009 MERCEDES BENZ E CLASS E350W 4dr Sdn E350 Sport
PURCHASE OPTION
Selling Price: $33,951.00
Sales Tax (estimate): + $2,978.07
Tag/Registration Fees (estimate): + $447.00
Tire/Battery/MVWEA: + $8.75
Electronic Filing: + $29.00
Documentation Fee: + $55.00
Flat Add/County Fee: + $26.00
Balance Due (estimate): $37,494.82
No Trade-In
FINANCE OPTIONS
with Cash Down of $1000 $3000 $5000
36 months APR: 1.90 % pmt = 1045 988 931
48 months APR: 2.90 % pmt = 808 763 719
60 months APR: 2.90 % pmt = 655 620 584
66 months APR: 2.90 % pmt = 600 567 534
LEASE OPTIONS
Cash Due 36 months
12,000 Miles Money Factor 3.96%
with $1,000 down pmt = $440
$3,000 down $379
$5,000 down $318
#3
Senior Member
Thread Starter
The MSRP would be 55105 before TTL
39, apr, battery, factor, fee, money, moneyfactor, mvwea, this, tire, tirebatterymvwea, tirebatterymvweafiling
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)