Hello,
This is my first time doing the lease and I have no idea how the lease system works.
I just went to mercdes benz dealership in CA and they offered me
1k down 660 per month for E300
MSRP for that car was 55000 with P1
and 10k/36 month.
Is this good deal?
btw what is drive off and security deposit??
is security deposit same as down payment?
Also, I have almost 800 credit.
Thank you
If you want to save thousands, learn the in’s and out’s of how leasing works first. Then search this forum for the many e300 threads. If you don’t have the time, hire a broker.
Seems like they are killing you on the price, ask them what residuals and money factor they using and discount of MSRP
run away!! they are pounding you
what would be the reasonable price to lease for benz e300 msrp of 59000?
sorry for asking question.
the thing is your going after a 2018 which will have worse rates and discounts against the 2017’s that needs to be sold, my Opinion for 2017 $450 a month should be alright , and for a 2018 no more than $530 a month, ask for how much discounts are they taking off of Invoice than ask for the rebates
thanks and is that $450 and $530 with the downpayment of how much?
at the most I would put $2000 if you had to, im going for the E300 P1 Package next month November 4th throught January 3rd is the best time to buy a Mercedes, or any other model infact I believe… ill let you know how my expierience goes, plus I have a C300 4Matic with70k miles on it so I’m gonna give them hell when I get there
Never Put anything down!!! That is a big no no… You want to put security deposits. You can put up to 10 for MBFS. They have also taken the Autopay discount(10 basis points) so no dice there.
hello, thanks for your reply,
do you mean that there are 10 ways to put the security deposit right?
Do I have to be qulify for that 10 security deposit? or can anyone do that? btw I have perfect credit score.
If all the deals are adjusted, then can I ask them if I can put the down payment?
I have also herad that If I do autopayment, the dealer can lower the MF is that true?
Thanks 
@jw9409 Almost everything you just said doesn’t make sense or is incorrect.
Hope this helps.
Have you read this… https://leasehackr.com/blog/2016/4/17/how-to-calculate-lease-payments-by-hand ?
I have already read through those, but my question was
do I have to be qualified person to put the security deposit? or can anyone do that?
because, none of the dealer told me about the security deposit, they were just
keep telling me the common sense which was “If you want to lower your monthly payment, then put more downpayment”
MSD’s are is an incentive through MBFS. If the dealer doesn’t do MSD’s maybe find a new dealer?
I’d wait it out depending on where you are there is essentially no loaner E300 inventory left.
OP wants 2018 MY for some reason. Maybe hates the smell of farts?