Last post on Sep 03, 2012 at 11:17 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV
#263 of 803 Re: today's money factor and is o down realistic? [irishrogue1]
Oct 06, 2006 (10:39 am)
The $10,000 factory to dealer cash is posted on the Edmunds.com New cars/incentives and rebates section. I could not believe it myself! I guess I should have had the patience to wait out their 2006 inventory. They are still offering reduced interest rates on purchases, but there are no posted incentive leasing programs. When Mercedes increased the factory to dealer cash from $5000 to $7000, they dropped the residual from 4%, from 71% to 67% on the 27 month/12,000mile/yr lease. For a lessee, that 4% residual drop basically wiped out any advantage of the extra $2000 factory to dealer cash. If they again dropped the residual on the 2006's another 4%, that would similarly wipe out about $2400 to $2600 of that additional $3000 incentive. I don't know what they are doing with the MF yet. With you already getting $15,000 off, you still grabbed pretty close to the bottom, so, congratulations and enjoy your nice R500.
Oct 06, 2006 (11:21 am)
Thanks for all the help out there. I have managed to strike a pretty good "intial" offer with the dealership. Just wondering now if I should go for the 500 instead.
I am having real trouble finding a "loaded" vehicle. Average MSRP has been about $64-68K. Any ideas friends?
I want the payments to stay at or around $500.
#265 of 803 Re: today's money factor and is o down realistic? [martinf]
Oct 06, 2006 (11:29 am)
actually i didnt sign at $15k off. we didnt get the paperwork done in time. the dealer confirmed that MB is $10k not $7k. I still cant confirm MFs for Oct for '06 Rs... Dont think residuals changed
#266 of 803 2007 R Incentives?
Oct 06, 2006 (1:27 pm)
I just recently started looking at the R 350. The deals identified on this board look great, but i am having a difficult time finding an 06 (live near Philadelphia). Are there any dealers in the Northeast that are known to have 06 inventory? Are there incentives on the 07s? What is a reasonable negotiated sale price for a reasonably equipped 07? One dealer offered:
$638 payment with taxes.
Not a great deal by this board's standards.
Any advice is appreciated.
#267 of 803 Re: 2007 R Incentives? [philly04]
Oct 06, 2006 (1:46 pm)
for an '06 you need to find a big dealer with inventory. look in FLA, TX, CA. check ebay. a few dealers are offering up decent deals with $13500 off MSRP. there may be better deals to be had, but the landscape is changing every day and you need to find a dealer who NEEDS to move inventory and is willing to make under $2k on a car.
as for your deal, they quoted a MF below what MB is offering. i assume they can do it by making it up in cash at signing - which clearly they are doing with $4500 down. the residual looks correct. the 4500 clearly isnt buying down the monthly payment. is 52,700 the msrp?? post the msrp and the amount they are taking off msrp and somebody will run #s for you i m sure. or just find a lease calculator on line. edmunds.com has a good easy one. the long and short of it is you are looking at a bad deal....
here are resids/MFs for '07s -
2007 R350 4dr Wagon
24 mo/15k mi – Residual Value 66% of MSRP – .00165 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00165 Base Money Factor Rate
48 mo/15k mi – Residual Value 50% of MSRP – .00165 Base Money Factor Rate
60 mo/15k mi – Residual Value 44% of MSRP – .00370 Base Money Factor Rate
#268 of 803 Re: 2007 R Incentives? [irishrogue1]
Oct 06, 2006 (1:59 pm)
Thanks much for the info...
The deal offered was MSRP, I assume. This was their initial quote(in a conversation with my wife), so haven't begun negotiating. Using a lease calculator, the $638 is accurate lease payment with the specifics i included.
I'm wondering what a resaonable starting point is for negotiating the price of an '07 -- especially if there are no factory incentives. What do you think?
Another question, if i find a dealer in TX or CA will most dealers ship cars long distances? What is the approximate cost?
Thanks again for your help.
#269 of 803 Where are the cars?
Oct 06, 2006 (10:30 pm)
Can't seem to find a car with a MSRP under 59K. Does anybody have any news on inventories? Fletcher Jones has 35 350's but they are all fully loaded. Starting at 59K to 68K. Also the packages in the 2006 models appear to be more expensive. Wanting the panoramic roof seems like a dream now. It is almost standard on the 2007. Maybe that is a better deal for that option?
#270 of 803 Re: 2007 R Incentives? [philly04]
Oct 07, 2006 (5:01 am)
check edmunds for the invoice price on the '07. given that these are still not moving quickly, you should be able to get at least 25-75% of the "mark up" from invoice given how slowly i think this model is still moving. if '07 continues slowly for the R, expect factory deals to support leasing and buying again - doubtfully as good as '06 incentives, but who knows....
#272 of 803 Re: 2007 R Incentives? [philly04]
Oct 08, 2006 (4:24 am)
autotrader.com might be able to assist you with your research. Just do a search for new cars R350 06/06 and set the distance filter to unlimited. You should be able to get a rough idea of each dealer's inventory from the results that post.