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Prices Paid: Buying & Leasing Experiences Mercedes-Benz S-Class Lease Questions
134 messages, Last post on Sep 30, 2009 at 8:43 AM
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Replying to: ocautoseeker (Apr 24, 2008 5:32 pm) Thanks again! 
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Replying to: moet (Apr 26, 2008 6:26 pm) |
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In terms of good deals out there. The deals right now on high line vehicles are very good. The germans have announced that they will be changing the way they do buisness in the near future. Our economy and dollar is so very bad right now. They are going to raise the prices of the vehicles, and cut production. So now is the time to buy before dealers are not going to want to discount vehicles at all. The car industry is going to go through some major changes in the next year or so. So grab the deals while you can, because who know what the future brings.
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I am in the process of negotiating a lease assumption on a 2008 Mercedes S550 4Matic in Long Island, NY. The car has the Premium II Package, iPod Integration, and Wood/Leather Steering Wheel. There are only 400 miles on the car and 38,600 miles to be driven over 34 months. The payments are $1585 per month (includes 8.625% sales tax) and there is $0 due at signing (current owner is willing to pay $595 transfer fee). What do you think? Can I do better? |
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Replying to: juice1220 (Aug 25, 2008 11:14 am)
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Replying to: skrontz (Sep 06, 2008 8:57 am) Yes I am a dealer. I work for a BMW dealer, and I worked at Mercedes Benz before this. August 1st BMW did announce what I wrote before. Discounts will not happen as lightly as you think. Every company is in business to make a profir, and the profits bmw and mercedes are generating lately are not that good. Especially when they are taking huge hits on the lease turn ins. Go to bmw or mercedes benz websites in Germany and see how much an s class or 7 series is in euros. Its about the same. Plus they pretty much buy all their cars in europe so residuals really dont come into play, and the extra cost of shipping and insurance, blah blah blah. Mercedes Benz and BMW were once considered a high line vehicle, and were not mass produced as they are now. over the past 2 months BMW residuals have dropped 5-8% across the board. Leases have actually gone up. The car business will change dramaticaly in the next year or 2. Oh and the msrp of the vehicles for 2009 has increased already. The only thing that is going to happen is alot of dealers will be closing shop, because they will not be able to sell as many cars, I know you probably dont care, but the less dealers, the less chance for you to shop from dealer to dealer, which means less discount. I am in a bullet proof area in terms of the economy, but many many dealers will be hurting in a big way. We can talk more about this in about a year. Plus how cheap do you really expect a $90,000 S-class to get?? Its not meant for everyone to have one in their driveway.
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Replying to: juice1220 (Sep 06, 2008 11:07 am) |
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I am not sure of Mercedes MSRP's but BMW did go up. I dont know what "bulletproof" area you live in, but my local Mercedes dealer is selling s550 like Pez candies. The reason some of those options have become standard is because the longer a manufacturer produces the same product the cheaper and cheaper it gets to produce the vehicle, so they can give the consumer some standard options. For BMW the US. is not the number 1 market, but Europe is, so they fill production for Europe and then we get the rest. Like I said before we can argue about this for ages, but lets give it a year, and talk again.
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Replying to: juice1220 (Sep 08, 2008 7:32 am)  Come on, do you really think it costs Mercedes $90k to build a new S550? It's not about transfering the savings to the customer, it's about staying afloat when a Lexus offers twice as many toys at a fraction of the price. As far as BMW selling in Europe, here's a quote for you (you can Google it for the source): "The USA remained the largest single market for BMW and MINI cars in 2007. With a sales volume of 335,840 units (2006: 313,603 units /+7.1%), the BMW Group sold more vehicles there than ever before." We can argue for ages, but somehow I'm the one who keeps getting the facts right
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Replying to: skrontz (Sep 10, 2008 7:16 pm) |
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