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Prices Paid: Buying & Leasing Experiences Mercedes-Benz R-Class Lease Questions
740 messages, Last post on Aug 11, 2009 at 1:52 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: hockey81 (Oct 21, 2006 11:34 am) 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.
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Replying to: martinf (Oct 21, 2006 10:29 pm) |
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| 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). | |
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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! |
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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. 
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Replying to: jimscays (Oct 23, 2006 1:19 pm) 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.
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I have been getting emails from a dealership in Los Angeles area offering very attractive price on their R500 since they don't have the color I am looking for so I called other dealers to see if they would beat/match the special offered by the first dealer so far they either reject the offer or would ask me to go down to their dealership saying they can't quote prices on the phone or by email. Here is part of the ad relating to R500. Please let me know if this is possible. -------------------------------------- 2007 R350 (Only 2 available / No substitutions) (Premium Package 1 and Cargo Cover) MSRP = $48,150 Drive-off Total = $4,999 7,500 miles per year 27 months = $393 + tax or 10k miles per year 27 months = $410 + tax ------------------------------------------ 2006 R500 $16,500 off MSRP Sample (18in Wheels,Comfort Pkg,Entertainment Pkg,Sunroof Pkg) MSRP = $59,430 Your low Price = $42,930 or Lease (sample) Drive-off = $2,999 10k miles Per year 27 months = $389 + tax ----------------------------------------------------- |
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Replying to: martinf (Oct 23, 2006 10:44 pm)
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Replying to: unknown (Oct 23, 2006 11:55 pm) |
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what happens if you do a one pay lease and the car is totlaed or stolen?
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