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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
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I am considering leasing a 2006 R350 with premium package lighting package comfort package airmatic suspension trim package The MSRP is 63735, and the dealer says that if I put down the extra $9000, then I too can have the lease for $499 for 39 months. Is this too good to be true? and does anybody know what the money factor is(if they are giving a discount, I am willing to pay for the lease up front). Any help will be greatly appreciated, Raj904 |
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Replying to: raj904 (Mar 14, 2006 7:38 pm) $499/month X 39 months = $19,500 plus you need to put down $9,000 For a grand total cost of $28,500 or monthly cost of $730. And that cost does not include tax or anything. Do you really think that is a good deal?
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Replying to: akin (Mar 17, 2006 3:12 pm)
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Replying to: raj904 (Mar 18, 2006 5:08 am) I live in FL. Co-workers bought 2 MB from dealer in Ohio (one's a relative) getting great deals. A E350 sport and a CLK 350. He got me my R350. This is my deal: $3000 down, includes 1st month payment. MSRP of 56305, getting the car for 8500 less, basically the $5000 dealer incentive discounted from invoice price of 52719. I got everything I wanted: Parktronic & Premium, Pewter with black. Bonus of heated seats, not needed much in FL, but I still use them in my C240 on winter days. Got the paperwork by Fed EX and payments were 518, including tax. Oh yeah, that includes 12K/year for 39 months. I'm very happy. So, go for the 499 but don't put down the 8000. |
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Replying to: jccssc888 (Feb 22, 2006 9:29 am) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: lprice (Mar 11, 2006 7:34 am) The impression that you got about this being a slow selling model is absolutely correct. You can use this to your advantage by negotiating a low selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I suspect that you should be able to get an R350 right now for a little over invoice minus the $5,000 dealer cash. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: raj904 (Mar 14, 2006 7:38 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Mar 21, 2006 2:40 am) thoughts on the R-class 500. dealer would give 4% back on top of 5000 rebate from MB. Looking at 39 months with 15,000. what should i use for money factor and residual factor. Initially they offered me $608 a month.. thoughts on 1.9% financing? Thanks
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I read the postings here for a while before getting my r350 lease today. I learned so much information here and guess I will share mine with others for reference: R350 with MSRP of 58415 36 months, 12k miles per year $659 including tax per month (8.25% sales tax) 1st month only as total drive off
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Replying to: aau007 (Mar 21, 2006 11:42 pm) Assumed Gross Cap Cost (including DMV) - $52,065 Your Residual Should Be - $36,217.30 (62% for 12k miles per year) Money Factor - 0.00191 Depreciation - $440.21 per month Rental Charge - $168.62 Total - $608.83 With Tax - $659.06 If your total drive-off was $659, this is quite a good deal since the dealer does not seem to have bumped up the Money Factor from the Ad car. Most of the dealers that I have spoken to in the Bay Area want a Money Factor of .00285 which adds an additional $75 per month to the payment. This violates the terms of the Ad. The Ad car (on www.mbusa.com)has a Residual of 63% (10k miles per year) and a Money Factor of 0.00191. Note that this is a National Ad and does not state that a limited number of cars are available at this price. Theoretically, Mercedes must honor the terms of the Ad even if the car has a few more options. Be careful with dealers that bump up the Money Factor on cars that have more options. I have not been able to find a car with just the Premium Package. I'd like to hear what others experiences are regarding this deal. Zaheer
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