Can you comment on the following lease:
2022 Mercedes E350 4Matic
Premium package
Driver Assistance package
Several other options
MSRP: $66,285
Their deal sheet shows I’m getting $1500 off MSRP
Selling price: $64,785
$400 in “options” tint, etc. (neg. down from $698)
36/12
MF: .00260
Tier 1 credit
Using tax credits to get 1.5% sales tax
$1500 down (1st month plus a little extra)
$1145.44/ month
Thanks!
You are paying almost $42K to lease a car for three years, I would say if you want this car you would be better off purchasing and just financing. The lease terms are nothing short of horrible.
Ask if you can get the same on a purchase/finance
Negative ghostrider. Unless of course you have a trade that takes it down to ~1.5% effective tax rate.
Anyway hard pass from me.
Holy moly - I know it is a lifetime ago, but I had a 2019 E450 wagon with a $78k sticker that leased for $925 with $1500 out of pocket. As others have said, financing may be a more attractive path on that car.
Has Mercedes leased like this in the past? Or programs were often better?
I leased two E-Classes (2017) and (2020) for considerably less. Both were loaners and significantly less than what this guy got quoted
36/12
1000 DAS
5000 MSD
325 + tax or 299 + tax. I don’t remember
36/12
2000 DAS
5000 MSD
400 + tax
Loaners and brass hat cars were something else… Fun times!
Seems like a really meh car for $1100/mo. I’m surprised they are not discounted more. Have you shopped around?
Thanks everyone for your comments. I’m in San Antonio, TX and believe it or not, this is the best relative deal I can find on an E350 right now. The other two dealers in town are wedded to their market adjustment bumps. With this dealership, I was able to get $1500 off the MSRP, even though there’s a sticker on the windshield of all their new cars that says they’re adding a $7500 market adjustment right now.
Send me the worksheet and I’ll decipher it for rate markup. The presence of a lender tax credit tells me that either the residual on this is trash or they’re marking the rate up by the full 150bps (Yes, Merc can mark up to .00150 over buy rate)
I got a demo the owner drove for 150 miles and all I got was a lousy MSRP deal.
Are you married to this car? If I were in your shoes, I would either find another car/brand to lease or see what brokers in your area have to offer.
I’ve got a 540i on the ground I can play on. Lender tax credit too.
Not married to it, but it’s the closest to the packages and color I want. Plus, Mercedes’ online ordering system has been down for about 2 weeks, so dealers can’t even tell you what they have coming in.
I totally understand. At the end of the day, work out the best deal that makes financial sense.
Damn my 660 a month 2020 C43AMG seems like gold
I’d go with the 540i that @IAC has. 6cyl lux > 4 cyl lux any day of the week. They drive pretty much the same. Interior may not be as glitzy as the e, but still a nice place to be.