- #409 of 580
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ML350
by audi_man
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Oct 09, 2009 (8:05 am)
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Thanks Car_ Man
Just my 2 cents do not go over invoice of $500 or $1000. Right now with this economy they are willing to sell bellow invoice. After your comment I 100% agree with you on waiting for 2 more month to payoff your lease first and have better room to negotiate. Otherwise they will include these 2 payment into your ML lease...
It just still unclear what invoice we should follow Edmunds or dealers? practically all dealers say Edmund's invoice is incorrect...
Anyone can share their ML 2010 buying experience? what quotes do you get?
Jayrider, I have 2 month left on my 3 year 2007 Q7 lease with 12k millage. Yes, 12k. residual value at the end of my lease is $32k. Do you think I have any advantages by returning my leased Audi to Mercedes with such low millage and get ML? or first return the vehicle directly to Audi and then get ML?
I would appreciate any comments
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- #410 of 580
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Re: ML350 [audi_man]
by jayrider
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Oct 09, 2009 (8:58 am)
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Replying to: audi_man (Oct 09, 2009 8:05 am)
try taking it to mercedes first and get a trade in price after the discount you negotiate. Wait -- leave the audi at home. Get your best purchase deal and then say oh-by the way -- what is the trade in for this 12k mile q7. Don't say that it is a lease. If you get more than the 32k you are ahead. They buy - you pay off the car and keep the change. Let them tell you what they will offer -- don't fall for the -"what do you need for it stuff" Once you haggle a bit shoot for 2k over payoff. You might get more or you might get less. It is still under warranty and with those low miles they should be able to work with you. Don't tell them your payoff either. You may have some equity in the car. Go to the real world trade-in discussion and post the details of the car and see what volvomax tells you it's worth. Good luck.
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- #411 of 580
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Re: ML350 [jayrider]
by audi_man
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Oct 09, 2009 (9:52 am)
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Replying to: jayrider (Oct 09, 2009 8:58 am)
Excellent info. I did not know you can trade in your leased car. I'm sure they will ask me if it's leased or financed. What my answer should be in this case? I'll definitely try to get their number first on Q7
Thanks a lot
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- #412 of 580
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Re: ML350 [audi_man]
by jayrider
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Oct 09, 2009 (11:31 am)
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Replying to: audi_man (Oct 09, 2009 9:52 am)
They probably won't ask you if it's leased or owned -- may ask what you owe. You can truthfully say you owe nothing. But you need a great price. Don't need to mention the doors either. Maybe moot since trade in may be lower than payoff but you can still try. Trade in price is only an estimate. The mercedes dealer may really want your car. If he doesn't then you won't get a great price but you could ask for 1k over payoff or you are going to get a q5. That might get their attention. Have you looked at the q5 vs the ml? Might be a deal there.
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- #414 of 580
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Re: ML350 [jayrider]
by audi_man
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Oct 09, 2009 (12:45 pm)
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Replying to: jayrider (Oct 09, 2009 11:31 am)
You are great help man... I would get Q7 2010 again but the residual is to low 47% (36m/10k). Since there is a possibility to get deal with trade in I'll look into Q7 deal again.
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- #415 of 580
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Re: ML350 [audi_man]
by jayrider
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Oct 09, 2009 (1:03 pm)
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Replying to: audi_man (Oct 09, 2009 12:45 pm)
I would be hopeful but in this economy I'm not sure I'd be optimistic. Your 07 should sell for mid to upper 30's retail but if you add on cpo costs -- don't know what to expect in reality. Euro-dealers will want your audi with only 12k miles -- trust me on that. Depends on what they feel they can give you to make a profit. Keep posting. Had a friend who was going to return her 06 murano to lease an audi. She ended up buying the murano but several dealers were telling her she had some equity to apply to the new car. May have been smoke and mirrors -- will never know. Good luck.
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- #416 of 580
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Re: ML350 [imaxautogroup]
by s_ny
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Oct 09, 2009 (1:27 pm)
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Any dealers in the Tri-State area doing the same? The dealer i came across is really trying to take me for a ride.
For a ML350 4matic..
they wanted..
680 a month for 36/mo with 12k mi and 1950 due at signing!
MSRP is 54,645, residual 28,415.
Thanks and appreciate any feedback.
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- #417 of 580
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Re: ML350 [audi_man]
by storm10
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Oct 09, 2009 (2:09 pm)
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Replying to: audi_man (Oct 09, 2009 8:05 am)
Audi has a very soft resale value, even though it's a great car. It will be a lot easier for a Dealer to finish your last 2 payments for you - instead of buying your car and dealing with a huge negative equity.
Since ML has such a low money factor - you actually save thousands of dollars (!) over the lease term. Waaaay more than the amount of your last 2 payments! So, I would not say that waiting 2 more months - such a good idea. Because I don't think you can get the same rates 2 months from now (especially in this economy). If you can make a deal right now - do it.
By the way, the only website on the Internet, which gives you EXACT Mercedes-Benz invoice (to the penny) calculator is link title . You can also ask a question from any Dealer in the USA.
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- #418 of 580
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Re: ML350 [s_ny]
by jayrider
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Oct 09, 2009 (2:14 pm)
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Replying to: s_ny (Oct 09, 2009 1:27 pm)
Before you decide what kind of deal this is---what is money factor. Then what are the fees he is charging and then figure your tax. Did you check on swapalease for deals from nyc leasing companies? They SEEM decent but since I'm not in the market haven't checked them out. Almost all are for 10k miles per year.
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