Please Help!!!! 04 e320 4matic...want to know if i got a good deal on lease...
Thread Starter
Newbie
Joined: Apr 2004
Posts: 16
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From: Flushing, New York
Please Help!!!! 04 e320 4matic...want to know if i got a good deal on lease...
2004 E320 4Matic w/ metallic paint, sunroof, navigation, entertainment package, heated seats, taxes included, 10,000 miles. $2800 out of pocket and $795.84 a month for 48 months.
Please tell me if this is at least a decent deal, so I can renegotiate if it isn't.
Mike
Please tell me if this is at least a decent deal, so I can renegotiate if it isn't.
Mike
Member
Joined: Apr 2004
Posts: 177
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From: Connecticut - USA
Mike,
What is the MSRP, the "selling price", the residual and the money factor. I was quoted $832/mo for 39 mos with $2,300 down and 15,000 miles per year on a car they would sell for $500 over invoice. This was also for a 320 4Matic.
What is the MSRP, the "selling price", the residual and the money factor. I was quoted $832/mo for 39 mos with $2,300 down and 15,000 miles per year on a car they would sell for $500 over invoice. This was also for a 320 4Matic.
Thread Starter
Newbie
Joined: Apr 2004
Posts: 16
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From: Flushing, New York
money factor think was .00235 or .00245 and the residual was like 48% for 48 months. msrp was 56k and change and he was giving it to me around 2500 off it was like 53k and change. He is currently looking for the color I want so there was no agreement made just a deposit.
Member
Joined: Apr 2004
Posts: 177
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From: Connecticut - USA
I was quoted a MF of 00330. Last week (still in the month of May) he quoted me 00265 but said that ended on May 4th and the car needed to be delivered by May 14th. I'm a little suspect of this.
Member
Joined: Apr 2004
Posts: 177
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From: Connecticut - USA
Its' amazing that when they increased the amount of the trade, they bumped the MF! The difference in the MF ends up being $2100 and they increased the trade value by $3,000. So really they only improved the deal by $900.
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07 M6, 05 Noble, 01 S4, Smart ForTwo
Re: Please Help!!!! 04 e320 4matic...want to know if i got a good deal on lease...
Originally posted by mkim
2004 E320 4Matic w/ metallic paint, sunroof, navigation, entertainment package, heated seats, taxes included, 10,000 miles. $2800 out of pocket and $795.84 a month for 48 months.
Please tell me if this is at least a decent deal, so I can renegotiate if it isn't.
Mike
2004 E320 4Matic w/ metallic paint, sunroof, navigation, entertainment package, heated seats, taxes included, 10,000 miles. $2800 out of pocket and $795.84 a month for 48 months.
Please tell me if this is at least a decent deal, so I can renegotiate if it isn't.
Mike
I have an excel lease calculator if you want it. Email or PM me. You must know/understand leasing principals tho.
