Lease: Did I do well or not???????
Junior Member
Joined: Mar 2003
Posts: 18
Likes: 0
2004 E350? (Awaiting Order)
'03 or '04 E320 Lease ??
The DVD Navigation is now available on the 2003 E320. That is the only thing that was preventing me from leasing one. I resolved to wait for the 2004 model year in hope that this option and other “bugs” would be worked out by them.
Since I’m leasing and my dealer is offering what seems to be a great deal, should I go ahead and get to 2003 or pay a little more for the 2004?
Do anyone know if there are any new options/colors that will be available on MY2004?
Since, I do not plan to keep this car after 3-years does it matters if I lease a ’03 or ’04 model since it is a closed end lease?
>>>>>>>>>>>>>>>>>>>>>>>>>The Offer>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
MSRP + OPTIONS $ 62,033.00
INVOICE + OPTIONS AT INVOICE $ 57,792.00
CAPITALIZATION COST REDUCTION $ 500.00
CAPITALIZATION COST $ 57,292.00
RESIDUAL VALUE % 66.0%
RESIDUAL VALUE AMOUNT $ 40,941.78
DEPRECIATION AMOUNT $ 16,350.22
LEASE TERMS (MONTHS) 36.0
MILEAGE (ANNUAL/TOTAL) 15K/45K
MONTHLY DEPRECIATION PMT $ 454.17
MONEY FACTOR (%i) 0.0023
CORRESPONDING INTEREST RATE (%I) 5.52%
(CAP COST + RESID VAL) X MON FACTOR $ 225.94
DEPRECIATION + RENTAL FEE AMOUNT $ 680.11
STATE SALES TAX (VA) 3.00%
(MONTHLY PMT) X (STATE SALES TAX) $ 20.40
TOTAL PMT $ 700.51
Your feedback would be greatly appreciated.
Rod
Since I’m leasing and my dealer is offering what seems to be a great deal, should I go ahead and get to 2003 or pay a little more for the 2004?
Do anyone know if there are any new options/colors that will be available on MY2004?
Since, I do not plan to keep this car after 3-years does it matters if I lease a ’03 or ’04 model since it is a closed end lease?
>>>>>>>>>>>>>>>>>>>>>>>>>The Offer>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
MSRP + OPTIONS $ 62,033.00
INVOICE + OPTIONS AT INVOICE $ 57,792.00
CAPITALIZATION COST REDUCTION $ 500.00
CAPITALIZATION COST $ 57,292.00
RESIDUAL VALUE % 66.0%
RESIDUAL VALUE AMOUNT $ 40,941.78
DEPRECIATION AMOUNT $ 16,350.22
LEASE TERMS (MONTHS) 36.0
MILEAGE (ANNUAL/TOTAL) 15K/45K
MONTHLY DEPRECIATION PMT $ 454.17
MONEY FACTOR (%i) 0.0023
CORRESPONDING INTEREST RATE (%I) 5.52%
(CAP COST + RESID VAL) X MON FACTOR $ 225.94
DEPRECIATION + RENTAL FEE AMOUNT $ 680.11
STATE SALES TAX (VA) 3.00%
(MONTHLY PMT) X (STATE SALES TAX) $ 20.40
TOTAL PMT $ 700.51
Your feedback would be greatly appreciated.
Rod
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Newbie
Joined: Feb 2003
Posts: 23
Likes: 0
From: HB California
2003 E500
I think it's a good deal on the e500. My down payment and monthly payments are the same, but my car had an msrp of aprox. $63,000 I can only drive 15k a year and you got 20k. A friend of mine went to Fletcher Jones to get an E500 just like yours and they said they could not get even close to what you are paying and he had good credit and everything.
As far as the e320 I am not sure beacuse I have nothing to compare it to.
As far as the e320 I am not sure beacuse I have nothing to compare it to.
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MBWorld Fanatic!
Joined: Nov 2001
Posts: 3,860
Likes: 3
From: Jacksonville Florida
209/W210 Estate /W211 modded by MBENZNL
Originally posted by Babakvvs
I think it's a good deal on the e500. My down payment and monthly payments are the same, but my car had an msrp of aprox. $63,000 I can only drive 15k a year and you got 20k. A friend of mine went to Fletcher Jones to get an E500 just like yours and they said they could not get even close to what you are paying and he had good credit and everything.
As far as the e320 I am not sure beacuse I have nothing to compare it to.
I think it's a good deal on the e500. My down payment and monthly payments are the same, but my car had an msrp of aprox. $63,000 I can only drive 15k a year and you got 20k. A friend of mine went to Fletcher Jones to get an E500 just like yours and they said they could not get even close to what you are paying and he had good credit and everything.
As far as the e320 I am not sure beacuse I have nothing to compare it to.
He Is No Hassle No Pressure !I Got a Great Price from Him!.
I Will Buy Again..From Him
I Also Wont Buy From Fletcher ....But Thats another Story
