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Prices Paid: Buying & Leasing Experiences Mercedes-Benz R-Class Lease Questions
740 messages, Last post on Aug 11, 2009 at 1:52 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Here's what I got on a R class lease....please let me know what you think could be better MSRP61,740.00 mileage = 10k TERM = 39 mos residual = 38,896 63% money factor = .00367 (8%) reduction (gap) $895 monthly payment $1041.03 + tax location = suburban Philadelphia |
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Hi canes04. You never mentioned the selling price of the vehicle that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the vehicle that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the R-Class that you are interested in for you if you let me know what its selling price is. I also need to know exactly which model you are interested in getting. I can tell you that the money factor that you were quoted looks slightly high. Assuming that you qualify for Mercedes-Benz Credit's Tier 1 credit tier and pay a security deposit, your factor for this car should be more around .00325. Car_man Host Smart Shopper / Prices Paid Forums |
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My local dealer told me that there will be no discount on MSRP for the new R-model for the first few months; and the best money factor will be 3.45 NY suburbs |
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Thanks for the information alex15. I agree, Mercedes dealers will likely try to hold onto full grosses on the R-Class for as long as they can. However, according to several dealers who I have spoken with the public's reception of the R-Class has been lukewarm at best. I have a feeling that this model will not sell very well and that in a few months dealers will be discounting them. I would not be surprised if Mercedes will have to introduce lease support on them as well. Again, this is just an educated guess though. It will be interesting to see what happens. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 11, 2005 2:26 am) FYI - dont they have to disclose money factor in the fine print. I dont see it. http://www.mbusa.com/brand/models/R350.jsp
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Replying to: 5total (Nov 09, 2005 10:11 am) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Nov 14, 2005 3:32 am) I dont see any reason to be in a hurry at this point. Thanks again
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Replying to: 5total (Nov 16, 2005 11:18 am)
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Replying to: bose (Nov 17, 2005 8:34 am) |
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All: Getting a used (1 month old, 1300 miles) R350 at invoice at the same lease deal as being offered through their winter sale. Car has Premium pkg, Heated front seats, second row console and after market parktronic. (Sticker, 56,705, invoice 52,791, lease payment including tax $630, 39 month lease 10k per year)What do you think? Better this or pay the $500 over invoice that most seem to be able to negotiate on a new car? Your comments appreciated |
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