Good Deal?
Thread Starter
Newbie
Joined: Nov 2011
Posts: 7
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C300 4matic sport
Good Deal?
2012 E350 4Matic White/Black Tex
P1 Package
Sport Styling Package
Pano Sunroof
Rear Spoiler
MSRP $59,255
30 Month lease with 12k miles per year
$3,000 due at signing ($1,530 tax + $589 first month payment + $795 acquisition fee + $85 Various fees)
$589 a month.
Am I getting a good deal?
Any and All opinions are greatly appreciated.
P1 Package
Sport Styling Package
Pano Sunroof
Rear Spoiler
MSRP $59,255
30 Month lease with 12k miles per year
$3,000 due at signing ($1,530 tax + $589 first month payment + $795 acquisition fee + $85 Various fees)
$589 a month.
Am I getting a good deal?
Any and All opinions are greatly appreciated.
Super Member
Joined: Sep 2010
Posts: 672
Likes: 1
E350
2012 E350 4Matic White/Black Tex
P1 Package
Sport Styling Package
Pano Sunroof
Rear Spoiler
MSRP $59,255
30 Month lease with 12k miles per year
$3,000 due at signing ($1,530 tax + $589 first month payment + $795 acquisition fee + $85 Various fees)
$589 a month.
Am I getting a good deal?
Any and All opinions are greatly appreciated.
P1 Package
Sport Styling Package
Pano Sunroof
Rear Spoiler
MSRP $59,255
30 Month lease with 12k miles per year
$3,000 due at signing ($1,530 tax + $589 first month payment + $795 acquisition fee + $85 Various fees)
$589 a month.
Am I getting a good deal?
Any and All opinions are greatly appreciated.
Member
Joined: Mar 2011
Posts: 89
Likes: 0
From: Pa.
2011 e350 4matic, 2010 Honda Pilot
I have heard something like this before but did not understand how it worked.
or if there is another thread somewhere that explains this please point me in the right direction.
Thank You,
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Super Member
Joined: May 2008
Posts: 655
Likes: 2
Mercedes e350 BlueTec
Multiple security deposits are not allowed for leases that originate in NY....many NY leasers actually lease their cars in NJ for this reason.
In a nutshell....you loan mercedes money for the life of the lease...and at the end you get that money back...it's a security deposit. Each security deposit is the amount of your monthly payment rounded up to the nearest $50 (there is variation in this...but it's close). For each security deposit you loan, your Money Factor is reduced by .00007. If you loan the maximum 10 security deposits, it reduces your Money factor by .0007. It doesn't sound like much but it reduces most monthly payments by about $50 a month.
So you are loaning Mercedes about $5000. by doing so, you save roughly $600 each year of the lease. Could you make that by putting the $5000 into a bank or CD...no way....so it's a very good use of that $5000 if you can afford to leave it with mercedes.
It is a standard part of the mercedes lease that many don't know about because some/many dealers don't understand it.
There are some twists and turns though....sometimes there are promotional leasing rates where MSD's don't apply. It's definitely something to ask your dealer about...and make them run the cases...don't just let them brush MSD's off because they don't understand them.
In a nutshell....you loan mercedes money for the life of the lease...and at the end you get that money back...it's a security deposit. Each security deposit is the amount of your monthly payment rounded up to the nearest $50 (there is variation in this...but it's close). For each security deposit you loan, your Money Factor is reduced by .00007. If you loan the maximum 10 security deposits, it reduces your Money factor by .0007. It doesn't sound like much but it reduces most monthly payments by about $50 a month.
So you are loaning Mercedes about $5000. by doing so, you save roughly $600 each year of the lease. Could you make that by putting the $5000 into a bank or CD...no way....so it's a very good use of that $5000 if you can afford to leave it with mercedes.
It is a standard part of the mercedes lease that many don't know about because some/many dealers don't understand it.
There are some twists and turns though....sometimes there are promotional leasing rates where MSD's don't apply. It's definitely something to ask your dealer about...and make them run the cases...don't just let them brush MSD's off because they don't understand them.
Last edited by ghstudio; Nov 11, 2011 at 07:59 AM.
Member
Joined: Mar 2011
Posts: 89
Likes: 0
From: Pa.
2011 e350 4matic, 2010 Honda Pilot
Multiple security deposits are not allowed for leases that originate in NY....many NY leasers actually lease their cars in NJ for this reason.
In a nutshell....you loan mercedes money for the life of the lease...and at the end you get that money back...it's a security deposit. Each security deposit is the amount of your monthly payment rounded up to the nearest $50 (there is variation in this...but it's close). For each security deposit you loan, your Money Factor is reduced by .00007. If you loan the maximum 10 security deposits, it reduces your Money factor by .0007. It doesn't sound like much but it reduces most monthly payments by about $50 a month.
So you are loaning Mercedes about $5000. by doing so, you save roughly $600 each year of the lease. Could you make that by putting the $5000 into a bank or CD...no way....so it's a very good use of that $5000 if you can afford to leave it with mercedes.
It is a standard part of the mercedes lease that many don't know about because some/many dealers don't understand it.
There are some twists and turns though....sometimes there are promotional leasing rates where MSD's don't apply. It's definitely something to ask your dealer about...and make them run the cases...don't just let them brush MSD's off because they don't understand them.
In a nutshell....you loan mercedes money for the life of the lease...and at the end you get that money back...it's a security deposit. Each security deposit is the amount of your monthly payment rounded up to the nearest $50 (there is variation in this...but it's close). For each security deposit you loan, your Money Factor is reduced by .00007. If you loan the maximum 10 security deposits, it reduces your Money factor by .0007. It doesn't sound like much but it reduces most monthly payments by about $50 a month.
So you are loaning Mercedes about $5000. by doing so, you save roughly $600 each year of the lease. Could you make that by putting the $5000 into a bank or CD...no way....so it's a very good use of that $5000 if you can afford to leave it with mercedes.
It is a standard part of the mercedes lease that many don't know about because some/many dealers don't understand it.
There are some twists and turns though....sometimes there are promotional leasing rates where MSD's don't apply. It's definitely something to ask your dealer about...and make them run the cases...don't just let them brush MSD's off because they don't understand them.
Does anyone happen to know if this can be done in Pa?
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