Hello all what are you thoughts? 2019 e300 loaner, 5400 total drive off gets me at 400/month tax included. Also ate my last 3 bmw payments and maintenance package. Thanks!
Missing lots of info… MSRP, selling price, taxes , etc
And what is the MF and incentive info from Edmunds forums?
.00081 MF, msrp 61k, selling price 45k. 9.5% sales tax here in LA. Only incentive for me is first month payment waved
The dealer ate the payments, but regurgitated it into your new deal.
Right right. Most dealers around me are offering 5200 out of pocket, 440 plus tax. This is 5400 out, 400 including tax. Heavy discount right?
Every other dealer laughed at me when i told them 5k down 400 a month
If you total the car you lose that $5k…roll it into the payment and sign and drive
My goal here was 400 a month flat including tax
You should put down 19,764. Then you’d only have a 1 dollar a month payment. You’d have the cheapest and best lease ever!
If you have $5400 to drop, why does the budget need to be $400/mo? Would you rather do that then say $0 out of pocket and $500/mo?
This is the classic mistake that car shoppers make, and it feeds right into a salesperson’s lap. Shopping purely based on payment is a surefire way to get ripped off. You can achieve $400/mo if you put $50k down on an S-Class, if you want to.
You’ll need to familiarize yourself with the many figures that factor into a lease agreement.
For context, originally there was going to be MSDs in the deal however it is a lot of cash out of pocket 3K more than what it would have taken to achieve the payment.
I thought this was an aggressive deal. Again most dealers asking 5k down and more around 500 a month. 3k out of pocket at 400/month seems very reasonable. Thats a c class deal. If anyone else has proof of a better deal to get into an E class please send it lol. And yes i understand i shouldnt be putting a down payment on a lease but i want the car in my budget.
Why are you budgeting for a monthly payment and not a total lease cost? When you buy consumer goods, do you only look at recurring costs and not total costs?
Based on the logic you’ve provided, you could get any car you wanted for $400/mo if you put enough money down.
I don’t know what a competitive lease deal looks like on an E300 right now, but I’m just trying to help you understand what you you should be mindful of when you’re leasing a vehicle. Check out our 101 section - it’s pretty core if you’re just starting to learn.
Putting max MSDs on a MBFS deal is a no-brainer. If you can’t afford to do max MSDs and the down payment to reach your “budget,” then maybe this car isn’t in your budget.
Jon is right. Maybe ill go back to the MSDs option
It just hurts to shell out 8k or so for a lease with MSDs, i suppose i have anxiety about actually getting the MSDs back.
You should enter all the values into the calculator so we can truely evaluate the deal. Honestly, I’d roll everything into the monthly and do $0 DAS, except max MSDs.
There is the deal
Are you sure?
Your calc is definitely wrong if you have a 5.4k drive off from dealer. You’re showing us a sub 3k drive off, wrong tax rate for LA, different selling price (unless the one you listed includes the cap cost already).