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
#306 of 803 About to pull the trigger/how can they do this?
Oct 14, 2006 (11:26 pm)
Welcome to the peculiar world of leasing! Because MB is offering such significant discounts from MSRP on the 2006 R class vehicles, a large proportion of your depreciation cost is taken away. You are most likely getting about $12,000 from MSRP on the R350 (about 20%), so MB is already absorbing about 20% of your "residual" cost. At a residual of 68%, you are only paying about 12% of the MSRP of the car in depreciation and, combined with a subsidized Money Factor of .00295 (about 7.08% in real terms), you have the makings of a great deal for a potential lessee. Go with the 2006 R class Mercedes! Drive the R500 just to make sure it is not the right vehicle for you. Again, because of the peculiar circumstances, you can get an R500 for not that much more than the R350. Ask about the savings on a single payment lease, if you can afford the approximate $10,000 to $12,000 upfront payment.
#307 of 803 Re: About to pull the trigger/how can they do this? [martinf]
Oct 15, 2006 (9:19 am)
sounds like a good deal. about two months ago, my wife and I were shopping for an XC90 V8 - we had read reviews / lease offers discussed online where people were getting cars with MSRP of $50k-53k for little to nothing down ($1500 max) and about $389/month. these would normally have been over 500/month.... Volvo had big discouns on the money factor to blow out th eleft over 2006 V8s.... by the time we looked into it seriously, volvo stopped the program.
i haven't seriously looked at MB, but both the XC90 V8 and an R500 would be large, heavy, safe, V8 family hauler.s the MB i'm sure is nicer an dmore luxurious, but the volvo is a pretty nice vehicle and known for safety.
if i were considering a long term purchase i'd skip the volvo as i don't think they have the same track record for reliability, and resale is much worse..but if i'm only going to keep the car for a couple of years....it basically comes down to which car i like, and who is willing to give me the best deal. both cars will probably be relatively trouble/maintenance free for the first two years.
Oct 15, 2006 (12:51 pm)
Does MB have a balloon program (loan + guaranteed repurchase price after 3 years or 4 years)? Leasing isn't a great option in Illinois, which charges sales tax on the full capitalized cost at lease signing. (It's actually charged to the finance company that is purchasing the vehicle, but is always reimbursed by the lessor.)
#309 of 803 finally got a deal done
Oct 16, 2006 (3:44 pm)
well i finally got a deal done on an 06 R500. i didnt get the car i wanted, but we should always settle when buying a $60k car.....(at least that is what i keep telling myself). i cant believe i just spent that much money and i dont even have leather interior....how do they even sell a $60k car without fancy vinyl...uhh....naugahyde....errr i mean mb tex????
anyway here it is -
317 Comfort Package
326 Premium Package
MSRP = $62,740
Cap Cost = $46,240
Drive-off amt = $1,372.56
- Ca State Title Transfer fee = $15.00
- 1st month payment = $508.81
- MBF Bank Fee = $795.00
- Ca dealer documentation fee = $45.00
12k miles per year
27 months = $508.81 + tax
Residual = 67%
sigh....options aside, i got a great deal. it sure as heck was not painless though. while the sales manager and dealer i ended up buying from was good, the overall experience sucked.
the guys at walnut creek are a bunch of hacks. the salesman is twit. the manager started out great and then pulled the classic bait and switch as we got close to signing paperwork. and then just blamed not doing a deal on someone higher up....nice waste of my time.
the new guy at beshoff is a straight shooter. if only he could have found some more money over $15k for me, i would have preferred to buy from him. he never changed his tune and was honest that he couldnt go lower. fair enough.
ill post the name of my dealer/sales manager after i sign the fedexed lease docs....
thanks for everyone's help AND MORE IMPORTANTLY THE CONSTANTLY UPDATED INFO. this site was invaluable in allowing me to know which dealers were dealing, had large inventories. without it, i would neve have gotten $16500 off msrp. this board is fantastic!
#310 of 803 Re: finally got a deal done [irishrogue1]
by kyfdx@Edmunds HOST
Oct 16, 2006 (3:50 pm)
"ill post the name of my dealer/sales manager after i sign the fedexed lease docs.... "
Please don't... as that violates forum rules.. Please see the message printed in red on every page...
#311 of 803 Re: finally got a deal done [kyfdx]
Oct 16, 2006 (7:45 pm)
I believe it is OK for irishrogue1 to list the name of his dealership, just not mention the name of the sales person/manager. In any event, I believe he got the vehicle from W.I. Simonson in Santa Monica. I had posted their $16,500 off MSRP a few days ago. Good luck with the R500 irishrogue1! You got one of the best deals out there!!
#312 of 803 Re: finally got a deal done [irishrogue1]
Oct 16, 2006 (7:58 pm)
You can save about $2700 over the 27 months of this lease by going with the single payment option. I just thought I would mention it to you. It's a personal call, but $13,000 in a 6% CD would only yield me about $1400 to $1500 over the 27 month period (by the way, World Savings Bank has about the most aggressive CD returns in the market. Unfortunately, bankrate.com hardly ever lists them because they mostly offer odd terms like 7 months, 13 months, or 15 months). Even if you have signed the paperwork and are driving the vehicle, I don't think it is difficult to switch over. Again, congrats - GREAT DEAL!!
#313 of 803 Re: finally got a deal done [martinf]
Oct 17, 2006 (5:02 am)
yes, simonson in santa barbara. internet manager (linked on their website) is a stand up guy. not even 2 secs of BS during the process.
all of my cash is tied up in my second business otherwise i agree that the one pay makes this even more attractive. although what happens if you total the car during the lease term? i always heard that you lose....doesnt sound right..but....
#314 of 803 2007 R500 advice needed
Oct 17, 2006 (1:32 pm)
I see so many great info on '06, but I am looking at an '07.
Need some comments/help on this quote:
'07 R500 MSRP $66340, out-the-door cost around $3900 (1st month, all taxes, bank fee, registration, etc..), $0 cap-cost reduction, Term 27 months, 15K miles. Monthly around $730.
Any thoughts on these numbers, and any suggestions on what I should be targeting?
Any feedback would be much appreciated!
#315 of 803 Thanks to everyone
Oct 17, 2006 (5:07 pm)
I have been an active mbworld.org member for a few years. Their R forum is dead. I pulled the trigger on an 06' R500 $62k MSRP. Without going through the numbers I'll just say that I was looking at an XC90/RX350 both at $620 tax in with aboout $1500 drive off. I never even thought of an R until I hit this forum. Our neighbor owns the local dealer and we gave him a shot. R500, black/black, 2006,sunroof,heat seats,HK surround, Sirius,18" wheels, DVD navigation. Bottom line: $1700 drive off includes 1st payment and $795 bank fees... 27 month/12000 mile..$599.97 per month tax in!!! I mean come on guys, this is cheaper than the XC90 we have now. I could not say no. By the way, we really wanted the new MDX but they want $788 a month#%#$. I had an E500 before and I loved it(minus the multi bugs and bad electronic breaks) so I'm happy for my wife. It's hers but I look forward to our ski trips.