Last post on Dec 12, 2013 at 5:21 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz M-Class, SUV
#363 of 744 ML-320 Diesel Purchase
Aug 11, 2008 (12:28 pm)
I saved over $7,000 off MSRP on a new 2008 ML-320CDI at Mercedes-Benz of Lynnwood. The only bad part is since they have increased the factory incentives on 2008 models, they no longer offer the special financing rates. The best rate I got was 6.49% for 60 months with excellent credit.
They are courteous and will deal over the phone. Check out their website at www.mblynnwood.com
The person I dealt with was the Fleet Manager, Danny Santos.
And Danny, if you're reading this, please let me know when the Bluetooth modules arrive. thx
#364 of 744 ML 350 buy 2008 or lease 2009?
Aug 13, 2008 (10:55 am)
ok so i found a 2008 ML350 that they offered to discount 9800 off MSRP (50670-9800=40870). its a great deal but someone told me how bad resale value is on this car.
considering thay have the 2009 lease special of 4000 TDO and 579/month (i think i can get it down to 550).
which is better deal if i were to drive that car for 3-4yrs?
#365 of 744 Re: ML 350 buy 2008 or lease 2009? [dkla76]
Aug 13, 2008 (2:10 pm)
Keep in mind the new 2009 ML350 has been agressively restyled, the body style is the same but there are a few facelifts and equipment changes on the 2009.
The value of a 2008 ML350 after 36 mos is 47% and at 48 mos is 39% based on residual values from Mercedes-Benz Financial.
On a new 2009 ML350 the value at 36 mos is 48% an at 48 mos is 42%.
Currently there are no lease specials on 2008 ML-350 models, MBF has decided to increase REATAIL cash for financed or cash deals to blow out the 2008 models instead with 4,000 retail cash.
The 2009 models do have a 2,000 lease cash on the new ML's which is how they are able to offer you the $579 lease payment for 33 mos.
You are getting a great price on the 2008 ML, the most you can save on the new 2009 ML is maybe around $4000 plus an additional $2000 if you lease off MSRP.
In my profesional opinion if you are only keeping the car for 48 mos max, lease a 2009 model. The Lease payments are cheaper than the 2008 and the vehicle will be the newer restyled model.
#366 of 744 Re: ML 350 buy 2008 or lease 2009? [donaldsam]
Aug 14, 2008 (12:03 am)
i prob will keep it for less than 48 months.
so for 2009 lease, whats the best deal i could do?
#367 of 744 Re: ML 350 buy 2008 or lease 2009? [donaldsam]
Aug 14, 2008 (7:44 am)
The current program for the 2009 lease thru MB is:
33 mos lease Term
57% residual for 10k miles per year
Down Pymnt $4000
money factor .00110 for FICO 720 and higher
Lease Cash $2000
Payment $579 per mos plus tax
If you can find a dealership to get you the max discount of $4,000 off MSRP plus get the $2000 lease you can get a pymnt of around $510 plus tax.
#368 of 744 Re: ML 350 buy 2008 or lease 2009? [donaldsam]
Aug 14, 2008 (3:36 pm)
well i couldnt resist the deal on 08 purchase. dealer gave me 10,000 off msrp and will be getting for 39000 plus tax, title, reg for white/beige with P1 and ipod option.
ill be signing the contract on sat when he brings me the contract and the car to my home.
just for my info, what is tax, title, reg all total out to be?
all i know is msrp is 49000 and i will be 10k off but wanna know the rest of fees...
#369 of 744 ML 350 runner board
Aug 14, 2008 (3:37 pm)
hey does anyone know a good aftermarket place to buy runner board?
is it as good as factory ones?
Aug 16, 2008 (4:03 pm)
For the first time I went to check out the new ML. I have to say I prefer the Cayenne and bmws better..
#371 of 744 2008 ML 350 purchase price.
Aug 16, 2008 (10:59 pm)
ok i havent signed the contract for 10,000 off MSRP on ML 350 yet. someone(dealer) told me that MB dealer has holdback and reserve moneys totaling about 6500 in addition to the 4000 manuf to dealer incentive and in addition to the difference between MSRP and invoice(~3100). So that means dealers profit margin is about 13600. wow.
how far would u go to negotiate. i was considering asking for 13000 off msrp now.
economy is real slow and no one wants a SUV now due to high gas prices. plus its a clearance yr model.(they need clean lot for 09s)
everytime i go to dealerships, there are hardly anyone there even shopping.
do you think the dealers would consider letting ML go for 600 profit?
#372 of 744 Re: 2008 ML 350 purchase price. [dkla76]
Aug 25, 2008 (10:45 am)
You'll never know unless you ask. If you make it a walk-away point, you most likely will either get the deal or something closer than what you have now. You could always still shop around at other dealers, if there are any close enough. You really have nothing to lose, worse comes to worst you get the deal you have now.