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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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#321 of 740 Re: 2007 R500 advice needed [rider88] by martinf Oct 19, 2006 (9:11 pm)
Replying to: rider88 (Oct 18, 2006 9:12 pm) First, the real deal on these Mercedes R Class vehicles is the 2006 vintage. With up to $16,500 off MSRP on these cars, you are getting pre-refunded about 25% out of the 35% depreciation part of your lease (based on 15,000 miles/yr.), leaving you to only pay for about 10% of the MSRP in depreciation. Even with the money factor at .00400, that break on the depreciation component of your lease is very hard to beat. Net cost with minimal drive-offs on a comparably equipped 2006 is about $540/month, about 25% less than your 2007.   That being said, I do not understand your $3900 out the door costs. 1st month should be $730, bank fee should be $795, even California registration is about $380. I don't know where the extra $2000 is coming in, unless you live in a state that charges up-front sales tax on the full amount of the vehicle. What is your capitalized cost (i.e., what is your discount from MSRP?)? Replies to this message: rider88 (Oct 19, 2006 9:52 pm) martinf (Oct 20, 2006 9:59 pm)
#322 of 740 Re: 2007 R500 advice needed [martinf] by rider88 Oct 19, 2006 (9:52 pm)
Replying to: martinf (Oct 19, 2006 9:11 pm) martinf - thanks for the reply.   I tried looking for 2006 with rear airbags, but was not successful, hence we are looking at 2007s.   The 3900 out the door cost includes all the state sales tax to be paid up-front.   MSRP is 66840 (but calculating from MB website, it seems like the MSRP is actually 68K, cap cost is 61061. I think invoice is 60975 (according to Edmunds).   What do you think of this for an 2007? Replies to this message: martinf (Oct 20, 2006 9:59 pm)
#323 of 740 Re: 2007 R500 advice needed [rider88] by martinf Oct 20, 2006 (9:59 pm)
Replying to: rider88 (Oct 19, 2006 9:52 pm) It looks like you are getting about $5800 off MSRP. At this point in the model run, I think that is about as good as you are going to find. Apparently, MB has a 5.5% "Dealer Holdback" on these vehicles, giving the dealers only about another $3600 to play with beyond invoice. If you are not in a big hurry, you might want to wait for Mercedes Winter Sales Event which I think will kick in sometime in November. It may also give MB a chance to see if they need to start giving factory to dealer incentive cash. One very positive note about the 2007 R is that money factor is a ridiculously low .00165 (3.96% in English). Versus the .00400 money factor on the 2006's, that low money factor will save you about $6000.   I would still try to check other dealerships for 2006's with rear airbags. If you have small children, however, most manufacturers recommend disabling the rear airbags. I have them on a 2000 BMW 528it and they have always been disabled due to my two little boys' ages. Where are you located?
#324 of 740 Is this a decent deal on R 350 by hockey81 Oct 21, 2006 (11:34 am)
2006 R 350, list 58K, discount $10,100 (includes dealer/factory rebate of $7K). Money factor 0.0021 for single payment for 27 month lease of $16.5K including 6% sales tax? Deal also comes with free servicing for 2 years Replies to this message: martinf (Oct 21, 2006 10:29 pm) martinf (Oct 21, 2006 10:32 pm)
#325 of 740 Re: Is this a decent deal on R 350 [hockey81] by martinf Oct 21, 2006 (10:29 pm)
Replying to: hockey81 (Oct 21, 2006 11:34 am) You can get a similar vehicle in Southern California for about $13,000 for the 27 month, single payment lease (including 7.75% sales tax). Look at other postings on this board for dealers (e.g., Simonson (Santa Monica), Fletcher Jones (Newport Beach), Caliber Motors (Anaheim), Beshoff Motors (Northern Cal.) irishrogue1 just got his from Simonson and found the deal and the experience exemplary.   At only 10,100 off, with factory to dealer cash of $7000, they are slightly above invoice. Most So. Cal dealers are dipping $1500 to $2000 into dealer holdback - at least. Big picture, your deal is probably $3000 to $4000 higher than the best deals in So. Cal. Replies to this message: martinf (Oct 21, 2006 10:32 pm)
#326 of 740 Re: Is this a decent deal on R 350 [martinf] by martinf Oct 21, 2006 (10:32 pm)
Replying to: martinf (Oct 21, 2006 10:29 pm) With the extra $3000 factory to dealer cash on the R500 (bringing the total factory to dealer cash to a whopping $10,000), you may want to reconsider the vehicle. Many posts on this and other R class forums by R350 owners have expressed lament over not at least "test-driving and test-pricing" the R500. Be aware that the money factor will be higher on the R500 (currently .00290 on the single pay).
#327 of 740 Re: Is this a decent deal on R 350? by hockey81 Oct 22, 2006 (6:26 am)
One problem with the West coast dealers, I live in New England. Has anyone found that type of discounting in the Northeast? I looked at the R 500 it had a better deal as far as the discount but the difference in the money factor was an offset. Also the dealer selection for the R500 was limited to black which my kids said would only be good it I were a funeral director (I agree).
#328 of 740 Signed my lease for the R500 by fabeneag Oct 22, 2006 (9:32 am)
Thanks to everyone in the forum for their feedback. It has been very helpful to me!!   In the Boston area and signed lease for '06 Iridium Silver w ash R500. Has premium package, design II wheels and center row console. MSRP was around $62,000. Cap cost for the lease was around $48,000. 15K miles. 39 months at $730 incl. tax. Up front totals $1,095.   Feels like I got a good deal given what's been on this board. Selection in Northeast isn't great. Wanted Sirius but couldn't fine one that I liked.   Thanks again!
#329 of 740 One Pay leases by jimscays Oct 23, 2006 (1:19 pm)
I have a question. If you do a one pay lease, are you paying the difference between the selling price and the residual price at the end of the lease? For example, if the MSRP was $52,000 and the sales price ended up being $40,000 and you were doing a 36 month lease, the residual being 56% of $52,000 which is $29,120, on a one pay lease would you then be paying $10,880 plus tax, tag, and bank doc fees? Or is there still a finance charge associated with the lease even tho you are paying all of the payments upfront? Thanks your information would really help and ia much appreciated. I am debating between the R class and a loaded FX 35, both have similair sales price numbers. Replies to this message: martinf (Oct 23, 2006 10:44 pm) jimscays (Oct 24, 2006 6:35 am)
#330 of 740 Re: One Pay leases [jimscays] by martinf Oct 23, 2006 (10:44 pm)
Replying to: jimscays (Oct 23, 2006 1:19 pm) There is still a "finance charge." Since you are not paying the full $40,000 sales price, but only the difference between that price and the residual, you pay interest or a finance charge on the $40,000. With MB Financial, they do give you a break of .00110 on the money factor(approximately a 2.64% discount), but it has a floor of .00150. For example, if the MF is .00295 (7.08%)on a monthly pay lease, your single pay MF will be .00185 (4.44%), representing a discounting of the rate by 2.64%. However, if you are considering the 2007 R350, the monthly lease MF is .00165. It would not make sense to do the single pay on that car since they would only lower your MF to the floor MF of .00150. At that point, keep the money in the bank (World Savings has great CD rates that you won't find on bankrate.com since they are usually odd terms like 5, 7, or 13 months)!   That is also why your credit score is important. I originally thought that by doing the single pay, the finance company would not even need to check your credit score. The only problem with that reasoning is that your single pay only covers a portion of the $40,000+ car you are driving away with. I hope this helps!   Between the FX35 and a 2006 R350, you will probably find the R350 to be far cheaper to lease. You are getting the benefit of a high MSRP (higher residual value) and a large discount from that MSRP that essentially will wipe out 23% of the 44% depreciation. I do not think you will find similar numbers on the FX35.                                                             As an additional note, the sweet spot on the R350 lease is the 27 month lease. The residual value is 67%, so with the $12,000 discount, you are actually only going to pay an effective 10% in depreciation, or about $5200. Increasing the lease term to 36 months has you paying an additional 11% for just 9 more months of lease term. This is a highly unusual set of circumstances wherein it is actually cheaper to take the shorter lease than the longer one. Good luck and try to find the R350 that is equipped to your liking. You won't pay that much more for a heavier equipped car because of this unusual high MSRP/high discount scenario. Do be sure to check out the 27 month numbers. Replies to this message: jimscays (Oct 24, 2006 6:35 am)

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