- #1832 of 2062
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Re: Lets get some 2007 S550 owners talking! [mikespopworld]
by topspin628
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Sep 11, 2006 (7:17 pm)
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Replying to: mikespopworld (Sep 10, 2006 10:21 am)
Sounds like you're leasing. If so, would you mind sharing the deal with the residual you mentioned.
Beautiful car. Enjoy it and please keep us posted as to your experience. What were you driving previously?
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- #1833 of 2062
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Re: Lets get some 2007 S550 owners talking! [topspin628]
by mikespopworld
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Sep 14, 2006 (4:38 am)
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Replying to: topspin628 (Sep 11, 2006 7:17 pm)
Sure, it was a 27 month lease, 73% residual, .0039 money factor(about 9.36%, very high, yes) and 10k miles per year. MSRP was 95.7k, including a 1k gas guzzler tax, and I got approx. a 3k discount off the MSRP, brought 6k to the table, about 1k of that 6k went to bank/registration/document fees, and I ended up with a monthly payment of 1450 a month including taxes. I also get clipped with a 595.00 return the car fee at the end of the lease which i failed to catch during the negotiations. I will pay for two oil changes and a front brake pad change at 20,000 miles, but should not get to the 30k rear brake pad change. I estimate all in money for the 27 months, taxes, doc/bank fees, return car fee and not including maintenance to be about 45k.
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- #1834 of 2062
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Re: Lets get some 2007 S550 owners talking! [mikespopworld]
by topspin628
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Sep 14, 2006 (1:23 pm)
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Replying to: mikespopworld (Sep 14, 2006 4:38 am)
Thanks, after you get some miles on it, I'd love to hear your review. I'm drooling over that car.
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- #1835 of 2062
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Re: Lets get some 2007 S550 owners talking! [topspin628]
by gusb1
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Sep 22, 2006 (10:33 am)
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Replying to: topspin628 (Sep 14, 2006 1:23 pm)
For the S550, my dealership is suddenly offering $1,000 over invoice and buy rate (currently 00375)for a lease. This seems to be a good deal...? Dealer claims it's just because times are tough, but does anyone know if something different is planned for the 08 model years? Does this sound like a good deal? They didn't tell me about the 27 month 72% residual...
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- #1836 of 2062
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Re: Lets get some 2007 S550 owners talking! [gusb1]
by mikespopworld
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Sep 23, 2006 (10:25 am)
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Replying to: gusb1 (Sep 22, 2006 10:33 am)
$1000 over invoice sounds like a good deal to me. There might be new dealer incentives or the dealer might be moving his RWD stock ahead of the arrival of the 4matics...who knows, but I hope they have a color and option package you like. The .00375 money factor is still very high - about 9%, but combine that with a relatively high residual, like the 27 month 72% residual and it all "averages out". Expect the high residuals to reduce by about 1% a month over time. The money factor is the wild card over time, but with rates falling over the last week or so, maybe they will lower that high money factor. As for the '08, I asked about model changes before I finalized my '07 S550 lease and I was told no major changes over the next few years.
Be aware there seems, in my opinion, to be a large stock of RWD(rear wheel drive) '07's all around the country - I called several large dealers around the country and they all had plenty to choose from, and with the 4matics out in a few months you can count on dealers wanting to move a few at a decent level. Keep us posted!
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- #1837 of 2062
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Re: Lets get some 2007 S550 owners talking! [mikespopworld]
by blckislandguy
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Sep 24, 2006 (5:27 pm)
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Replying to: mikespopworld (Sep 14, 2006 4:38 am)
As you weighed out your financing options, what were your thoughts about buying? Did the 73% residual look to be a lease subsidy? Did you have to lease with MB -and tolerate the high money factor--to get that residual?
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- #1838 of 2062
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2007 4Matic Pricing
by mcaleer
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Sep 25, 2006 (2:44 pm)
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I've ordered a 2007 S550 4Matic and have yet to see a price. The dealer is knocking $2500 off list. Anybody know when the first ones are coming off the line? Certainly, they'll have released the pricing by then! Does the 4Matic come with the 7-speed transmission? I'm also told that the 2007 won't have the hump in the passenger footwell that my 2003 S430 4Matic has - true?
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- #1839 of 2062
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Re: Lets get some 2007 S550 owners talking! [mikespopworld]
by gusb1
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Sep 25, 2006 (8:05 pm)
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Replying to: mikespopworld (Sep 23, 2006 10:25 am)
mikes -- thanks for the input. Is the performance expected to be that different between the RWD and the 4-matics? On the money factor, I thought 9% high also, but if I go to US Bank or elsewhere, the money factor is better but they also lower the residual... My dealer hasn't told me about the 27 month 72% residual -- that sounds like a good one.
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- #1840 of 2062
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Re: 2007 4Matic Pricing [mcaleer]
by merc1
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Sep 25, 2006 (8:53 pm)
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Replying to: mcaleer (Sep 25, 2006 2:44 pm)
Does the 4Matic come with the 7-speed transmission?
Yes.
I'm also told that the 2007 won't have the hump in the passenger footwell that my 2003 S430 4Matic has - true?
True, the new S-Class was engineered from the ground up for 4Matic and the 4Matic system is also brand new and more compact compared to the version in use on every other current Mercedes.
M
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- #1841 of 2062
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Re: Lets get some 2007 S550 owners talking! [gusb1]
by leaseexpert1
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Sep 26, 2006 (10:46 am)
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Replying to: gusb1 (Sep 25, 2006 8:05 pm)
Be careful with the high residuals. Make sure you really want that car! The US Bank MF is .00265 with a residual of 48% on 36 months, they do not offer a 24 or 27 month lease. The payment is $200 higher but if you need to get out of the vehicle early or you want to buy or acquire it at the end of the lease term, you will be $8,000 upside down. The 27 month residual is $9,000 lower than the current auction value of the S550 as of today. Once MBZ takes care of the component problems they are having with the Sports the bottom is going to drop out of the base vehicles. We have an 07 S550 with 17K miles that we own for 70K. I have dealers that are selling the base vehicle at 500 under invoice.
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