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Mercedes-Benz R-Class Lease Questions

618 messages,  Last post on Aug 18, 2008 at 8:08 AM

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What is this discussion about? Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV

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#219 of 618 Re: sept lease deals? [martinf] by pureautomobile Sep 04, 2006 (12:05 am)
Replying to: martinf (Sep 03, 2006 6:12 pm) I confirmed with Caliber Motors in Anaheim, CA on 9/1/06 that the MF and residuals are the same as Aug for 12K mi/yr for 27 mth lease. They still have 40+ R's in stock, so does Fletcher Jones in New Port Beach.   Best in $ would have been Fletcher Jones on 8/31/06. The sales manager was willing to sell any R class with 11% off MSRP +$7000 off. This would have been right at or below 5.5% holdback. Of course, they had over 70 R's when I visited.them. If you are in Orange County, it would've been foolish not to buy from them. But I live too far from their dealership.   Downtown LA has been known for their low prices and they came very close to Fletcher for me. Obviously DTLA's dealership does not have the same ambiance as Fletcher, and Fletcher will wash your car once a week for the life of your car.   Southbay was also very willing to go at 4.5% into holdback.   Keys Mercedes has a very smart, friendly, but intelligently intimidating sales manager. Keys didn't willing to dig into holdback for the one-of-a-kind-optioned R350.   Penske was very friendly but extremely busy internet department. We were there Tuesday night and most of the sales person were signing papers. The internet mamager gave us the keys and let us look at the vehicle by ourselves (no driving of course). There internet pricing was above others. Replies to this message: martinf (Sep 04, 2006 11:37 am) templeton3 (Sep 05, 2006 8:45 am)
#220 of 618 Re: sept lease deals? [pureautomobile] by martinf Sep 04, 2006 (11:37 am)
Replying to: pureautomobile (Sep 04, 2006 12:05 am) Thank you for the input! You have definitely saved us all a lot of time and money! Have a great weekend and thanks again!
#221 of 618 big MB dealers? by irishrogue1 Sep 04, 2006 (6:25 pm)
can anyone point me towards Mb dealers with large R inventories in the midatlantic (anywhere on east coast if they are large very large and dealing deep into the holdback).
#222 of 618 Sep Lease deals by gentile Sep 04, 2006 (11:06 pm)
I just got back from a dealer in Boston, and got the September rates. I am not sure if I should believe what they have given me is truth or not, (they played so many games by changing the numbers many times) but here they are:   2007 R Class MF: 0.00165 2006 R Class MF: 0.00295   Residual Values:   2006 R350 24/27 months: 66% 2006 R350 36/39 months: 56%   2006 R500 24/27 months: 65% 2006 R500 36/39 months: 55%   2007 R350 24/27 months: 67% 2007 R350 36/39 months: 57%   2007 R500 24/27 months: 66% 2007 R500 36/39 months: 56%   I also got the GL 2007 just for giggles:   2007 GL Class 36/39 months RV: 61% 2007 GL Class MF for 36-51 months: 0.00320   Gent
#223 of 618 Re: sept lease deals? [pureautomobile] by templeton3 Sep 05, 2006 (8:45 am)
Replying to: pureautomobile (Sep 04, 2006 12:05 am) If you tried Fletcher Jones, you should try Mercedes Benz of Laguna Niguel. They really hate to lose business to one another. Its like USC vs UCLA.
#224 of 618 where did everybody go????? by irishrogue1 Sep 12, 2006 (6:12 am)
#225 of 618 residual Q by irishrogue1 Sep 12, 2006 (9:10 am)
if residual values are always based on full MSRP and monthly lease payments are based on a lower negotiated "purchase price", if you decide to buy at lease end arent you losing the benefit of the factory cash back and dealer discount (in this case as much as $12k)??? (of course this assumes that the factory wont negotiate the buy out price at lease end) Replies to this message: martinf (Sep 12, 2006 9:47 pm)
#226 of 618 R500 #s by irishrogue1 Sep 12, 2006 (3:05 pm)
MSRP with options $70,075 (trim, amg, lighting, park, keyless, entertain, 864 rear entertain)   hypothetical $15k discount ($7k factory + $5050 discount to invoice + $2950 [4% of the 5.5% holdback])   selling price $55,075 money factor .00295 (why is '07 more heavily subsidized???) 27 mos 12k per yr resid 67% (65% +2% for 12k) no sales tax no tags or acq fee   ONLY $602month.   is this right?? Replies to this message: martinf (Sep 12, 2006 9:56 pm) pureautomobile (Sep 14, 2006 9:24 am)
#227 of 618 Re: residual Q [irishrogue1] by martinf Sep 12, 2006 (9:47 pm)
Replying to: irishrogue1 (Sep 12, 2006 9:10 am) You have hit the nail on the head (twice!). First, the best possible lease is one based on a low interest rate (no surprise there) AND a highly discounted purchase price (no surprise there) plus a HIGH MSRP (upon which the residual value is based - maybe a bit of surprise there). Since your lease expense is largely the sum of the "depreciation" (the difference between the MSRP and the "residual" value - sometimes artificially low - like with the R class) and the interest expense, the most favorable "perfect storm" for the potential lessee is the situation we have with the R class, particularly the 2006 model. With a $70,000 MSRP, your residual value will be high ($46,900 at 67% residual) and the difference between what you really pay, let's say $56,000 to be conservative, you will really only pay $9100 in depreciation for the first 27 months. Combine that with a low interest rate (lower by .00110 or 2.64% if you do a single payment lease) and you can lease one of these 2006 R classes for not much more than a far lesser vehicle.   At lease end, there is no way I would want to pay $46,900 for a 27 month old, 27,000 mile R class, when I could probably buy a new one for not much more. You know that, I know that, and Mercedes will certainly know that in 27 months. Until I started reading these forums, I had no idea that you could negotiate the lease-end buy-out or even negotiate very favorable lease extension terms (less than your original lease monthly payments - makes perfect sense that it would be cheaper to lease a 27 month old car than a new one). If you are inclined to want to buy the vehicle at lease end, you will absolutely need to negotiate a far more favorable buy-out than what is in your original contract. If you pay the original lease contract price, you are absolutely losing the benefit of the factory to dealer cash and the dealer discount.   Thirdly, where did everybody else go? Is no one else still buying and/or negotiating on R classes?
#228 of 618 Re: R500 #s [irishrogue1] by martinf Sep 12, 2006 (9:56 pm)
Replying to: irishrogue1 (Sep 12, 2006 3:05 pm) I ran your numbers using the lease calculator on cars.com, but they only calculate for common terms like 24 and 36. However, it looks like for a 24 month lease, using your numbers, you come to $639/month. I am pretty sure that your $602 figure is either exact or quite close for the 27 month lease. What website are you using for your lease calculations and what dealerships have you seen with $15,000 discounts. The best discounts I have seen have been the "$12,000 coupon" discounts from Mercedes of Walnut Creek in Northern California. By the way, mbworld.com and benzworld.com have also had lively and informative threads regarding R class leasing and pricing, if you care to check those forums. Good luck!! Replies to this message: pureautomobile (Sep 14, 2006 9:24 am)

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