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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
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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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Replying to: martinf (Oct 24, 2006 11:14 pm) I called the Fletcher Jones in Newport Beach and even email the ad to them but they don't want to quote prices on the phone or email, I think that can cost them at least my business since I don't want to drive 3 hours round trip to go to Newport Beach and not get the deal.
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Replying to: gtli (Oct 25, 2006 12:43 pm)
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Replying to: martinf (Oct 25, 2006 3:39 pm) 2006 r500 pewter/black 8k miles, mbusa demo premium pack, keyless go, full leather, heated seats, rear side airbags, parktronic sticker $65,540. 27 mos/12k year $1700 due at inception...first payment, bank fee, title/tags $560/month + tax I opted for the one payment which came to $14,100...saved $3300 or $116/month. I had gone there to get a new r500 also pewter/black w/ $61,345 sticker, but wasn't crazy about no parktronic or heated seats, so the i went for the added options and probably paid $25/month more than the ideal math, but I got exactly what I wanted. The terms came out to $17,200 off sticker due to demo, 66% resid b/c mileage at end would be 35k, not the 27k i have in the lease. The mf for monthly pay was .004, and the one pay worked out to .0027, calculating backwards. I almost bought one from CA earlier in the month and have it shipped earlier in the month but, wasn't crazy about the color and $1200 to ship($50/mo on 27 mo lease). So looks like the Northeast pxing is getting aggressive. I was quoted $730/month and ~17,500 for a one pay, with less options, from another local dealer 3 weeks ago. Thanks again, info was invaluable.
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Replying to: marley2326 (Oct 25, 2006 4:35 pm) |
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