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Mercedes-Benz R-Class Lease Questions

740 messages,  Last post on Aug 11, 2009 at 1:52 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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#294 of 740 Re: 2006 R-Class MF & Residuals for 10/2006 [pureautomobile] by irishrogue1 Oct 10, 2006 (12:48 pm)
Replying to: pureautomobile (Oct 10, 2006 12:44 pm) tarry just IM'd me on mbworld and confirmed that the MF on a 24/27 mo is back up to .0040. for 36 mos it is .0037. given the residual on the 36 month, it makes no sense! the payments are lower on the 24/27 term given the higher residual.   at least the dealers were being straight with me.
#295 of 740 Re: 2006 R-Class MF & Residuals for 10/2006 [pureautomobile] by irishrogue1 Oct 10, 2006 (12:55 pm)
Replying to: pureautomobile (Oct 10, 2006 12:44 pm) i m actually getting nowhere fast with dealers...the problem is that i am dealing with salespeople who realize they arent going to make a commission on my sale and thus have zero incentive to lift a finger. i need to cut out the crap and get to a non-commissioned manager who wants to move a 500 and only make $1000 on it out of holdback.   the one decent sales guy i was dealing with and ready to buy from hasnt gotten back to me all day. Replies to this message: martinf (Oct 10, 2006 9:40 pm) irishrogue1 (Oct 11, 2006 5:55 am) leasemama (Oct 10, 2006 9:52 pm) martinf (Oct 12, 2006 6:38 am)
#297 of 740 Re: 2006 R-Class MF & Residuals for 10/2006 [irishrogue1] by martinf Oct 10, 2006 (9:40 pm)
Replying to: irishrogue1 (Oct 10, 2006 12:55 pm) Check with the internet department at W.I. Simonson in Santa Monica. They are offering $16,250 off all remaining R500's, they charge $795 for Mercedes Lease Inception fee, the MF is .0040, and the representative is extremely pleasant to deal with!! Replies to this message: irishrogue1 (Oct 11, 2006 5:55 am)
#298 of 740 Re: 2006 R-Class MF & Residuals for 10/2006 [irishrogue1] by leasemama Oct 10, 2006 (9:52 pm)
Replying to: irishrogue1 (Oct 10, 2006 12:55 pm) Have you tried Caliber in Anaheim? They have less stock but they dealing! Very freindly and everything goes exactly like YOU want.   The guy at W.I.Simonson was very nice and upfront but he still wanted more than Anaheim. Try Wanut Creek...over the phone. they will ship for a nominal fee and they are very agressive as well. Beshoff motors in San Jose is really dealing as well. Go get em! Replies to this message: martinf (Oct 12, 2006 6:38 am)
#299 of 740 Re: 2006 R-Class MF & Residuals for 10/2006 [martinf] by irishrogue1 Oct 11, 2006 (5:55 am)
Replying to: martinf (Oct 10, 2006 9:40 pm) i got a great email from simonson yesterday - right to the point with no BS. i m hoping to wrap it up with them today.
#300 of 740 Re: 2006 R-Class MF & Residuals for 10/2006 [leasemama] by martinf Oct 12, 2006 (6:38 am)
Replying to: leasemama (Oct 10, 2006 9:52 pm) You said that your MSRP was $62,600. How much off MSRP was your lease calculated at? Also, what residual value and money factor was used? Your monthly payment was an excellent price, but I was curious how the numbers worked out. Thanks - Even as new lessee your information is still very valuable!!
#301 of 740 Re: 2006 R-Class MF & Residuals for 10/2006 [pureautomobile] by martinf Oct 12, 2006 (1:15 pm)
Replying to: pureautomobile (Oct 10, 2006 8:33 am) Don't feel bad about acting prior to now on your R class. I have run the numbers, and the changes in factory to dealer cash have been just about entirely offset by changes in the Money Factor and the residuals.   As a brief recap, through 7/31/06, factory to dealer cash was $5000, residual was 71% (27month/12,000miles - the sweet spot), and money factor was .00285 (.00175 single pay).   After 8/03/06, factory to dealer cash went to $7000, but residual dropped to 67% (an additional real cost to the lessee of about $2400 to $2700), and money factor went to .00295 (small change).   After 10/03/06, factory to dealer cash went to $10,000, residual stayed the same 67%, but money factor soared to .0040 (an additional cost of about $2800 to $3000).   There you have it. Don't regret not procrastinating. You did fine. Procrastinators will still do fine, but really only reap significant benefit if they don't lease and simply purchase the vehicle. I think Mercedes is seeing the writing on the wall with these vehicles (even the '07's are not flying off the dealers' lots), and they are trying to get people to buy rather than lease so Mercedes can avoid the nightmare of having to unload thousands of 27 month leased R class vehicles.   On a personal note, I wanted to thank you for being such a helpful source of information for me and other Southern California lessees/buyers. People like you have saved me thousands on the last 3 vehicles I have purchased personally this past year, as well as 4 other vehicles I have helped friends purchase. I hope to hear from you again in about 24 to 27 months when our leases are up and we are again in the market for those "perfect storm" deals. Best regards, and, above all, don't aggravate yourself about the changes in the factory to dealer cash. I will repeat: YOU DID FINE!!
#302 of 740 Re: Lease-end Re-negotiation - Lease extension or buyout [zaheer] by martinf Oct 12, 2006 (9:54 pm)
Replying to: zaheer (Apr 19, 2006 10:34 am) Dear Zaheer,   You indicated that you have been able to negotiate extensions on your Mercedes lease for as little as the depreciation component of the monthly payment. With whom at MB Financial Services do you actually negotiate? Do you call the toll-free number and just speak with the customer service rep or do you need to speak with a supervisor or even another department.   I have leased 7 cars (3 MB's, 3 BMW's, and 1 Land Rover) in the last 13 years, and the dealers have never even hinted at the possibility of re-negotiating the lease terms or the potential buy-out price at lease end. Of course, looking back, it makes sense that the dealer would be more interested in leasing me another new vehicle than have me simply keep my old one for a reduced price - nothing in it for them!   I have read all of your posts and your information has been most valuable. I hope you have the opportunity to respond to this inquiry. Best regards!
#303 of 740 About to pull the trigger... by philly04 Oct 13, 2006 (8:38 pm)
...on an 06 R350. I think I've found a couple of good deals and I wanted to get some reaction from this board. They're from two different dealers in different cities, but the residuals and MFs are the same.   MSRP: $58,705 Selling price: $46,189 cap reduction: $0 Residual: 68% MF: .00295 Term: 27 Miles: 12K Monthly payment with taxes: $530.00   MSRP: $64,445 Selling price: $52,555 cap reduction: $1500 Residual: 68% MF: .00295 Term: 27 Miles: 12K Monthly payment with taxes: $595 This car would need to be shipped which would cost an extra $1200.   The second car is more tricked out with options, but the first has all the options I really want.   Both dealers have said this is as low as they can go.   Thoughts? Replies to this message: martinf (Oct 13, 2006 9:13 pm) 23109vc (Oct 14, 2006 11:28 am)

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