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Mercedes-Benz R-Class Lease Questions

619 messages,  Last post on Sep 04, 2008 at 7:07 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV


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#36 of 619
Re: money factor [aau007] by zaheer
Mar 27, 2006 (8:20 am)
Reply

Replying to: aau007 (Mar 24, 2006 11:42 am)

Here is my final deal through Mercedes of Oakland, CA:
 
Color: Alpine Rain / Black
Options: Premium Package, Comfort Package, Trim Package (includes Leather Seats), Sirius, 3-Zone Climate Control, Heated Front Seats
MSRP: $60,455
Sales Price: $49,852
Net Cap Cost: $50,816.31 (includes Acquisition Fee + Doc Fees)
Residual: 62% ($37,482.10 for 12k miles / year)
Term: 39 months
Money Factor: 285
Depreciation: $341.90 / month
Rental Charge: $251.65 / month
Total With Tax 8.75%: $645.49 / month
Drive-off: $1,040 (1st month's payment + DMV)
 
I have a relative working for Daimler-Chrysler so the price includes an employee discount. Was this a good deal ?
#37 of 619
Re: money factor [zaheer] by mishmash1
Mar 31, 2006 (5:34 pm)
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Replying to: zaheer (Mar 27, 2006 8:20 am)

Zaheer,
 
   This seems like a terrific offer! I wouldn't mind one myself. However, I unfortunately don't work for Chrysler. Can you tell me the employee discount so I can add it back in? thanks.
#38 of 619
Re: money factor [chucky380] by Car_man HOST
Apr 04, 2006 (3:24 am)
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Replying to: chucky380 (Mar 21, 2006 8:11 pm)

Hi chucky380. If you were to lease a 2006 Mercedes-Benz R500 through Mercedes-Benz Finance right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00285 and 59%, respectively.
 
Mercedes' 1.9% financing offer for this model is a good deal. The only problem with it is that it is only available for terms up to 3 years. If you want to finance for 4 years, the rate increases to 3.9%. For 5 years it jumps to 4.9%. Financing such an expensive vehicle for 3 years is going to give you one heck of a large monthly payment.
 
Car_man
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Smart Shopper / Prices Paid Forums
#39 of 619
Any new R350 deals since last special? by euyesaka
Apr 04, 2006 (3:44 pm)
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I missed the 3/31 special so would like feedback from anyone who is looking at lease deals now. I got indications from a MB dealer in SD County as follows -
 
R350 White/Macadamia with Premium pkg
39 mo. lease
15k and 18k mileage options
$0 down and $3k down
 
here is what I got -
MSRP = $56,760
Invoice = $53,441
Sales Price = $49,000 (rough)
15K miles $0 down = $725.23 + tax
15k miles $3k down = $639.74 + tax
18k miles $0 down = $770.44 + tax
18k miles $3k down = $684.90 + tax
Money factor on 18k miles was .00315; don't yet have MF on 15k miles
 
Any getting better deals post-3/31?
Thanks, EU
#40 of 619
Re: money factor [mishmash1] by zaheer
Apr 04, 2006 (5:08 pm)
Reply

Replying to: mishmash1 (Mar 31, 2006 5:34 pm)

The employee discount was approximately $1,800 from invoice. Here is the breakdown:
 
MSRP - $60,455
Invoice - $56,604
After employee discount - $54,804
Final price after all discounts - $49,852
 
Some dealers were willing to discount the R350 by $6,500 - $8,500 off MSRP until March 31st. I don't know where things stand now.
 
A few tips from my experience:
1. Talk with the Fleet Manager only, even when you go to test drive the car. Avoiding the Sales staff will save you their commission and the hassle of going back and forth. The Fleet Manager can make quick decisions.
2. Negotiate price and terms on the phone at home with the Lease Formula in front of you. This removes you from the pressure at the dealership and having to decide solely based on monthly payment (which can be manipulated in several ways).
3. Make sure you understand how Money Factor, Residual, and Cap Reduction can affect payments. Your goal is to only have the 1st month's payment as drive-off.
 
Hope this helps.
#41 of 619
Re: money factor [zaheer] by mishmash1
Apr 08, 2006 (2:03 pm)
Reply

Replying to: zaheer (Apr 04, 2006 5:08 pm)

Thanks Zaheer,
 
     Your info was very helpful. I just negotiated a lease based on your deal and found it to be very helpful. I wasn't able to get $9000 off msrp as you did but I did come close. I will get you and others the details after I take delivery. Thanks again.
#42 of 619
Any new R350 deals since 3/31? by euyesaka
Apr 12, 2006 (5:06 pm)
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Hi - am wondering if anyone on this board has done a lease deal since the March special expired. I'm trying to get San Diego County dealers to come as close as possible to the terms of the March deal. Would appreciate any feedback that you can offer. I've only seen two R-class cars in the road since I've been shopping. Are dealers having a hard time moving this model?
#43 of 619
New deal details... by a6_to_m35
Apr 15, 2006 (9:44 am)
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Just drove the R350. My lease offer was as follows:
 
MSRP: 60830
Selling: 52027
27 months
15k miles
70% residual
MF: .00285
MV Fees: $400
Incept+1st month: $1370
Cash down: $1100
Taxes up front: $1053
Total up front: $3915
Lease: $575.61
 
I know that I can roll my taxes and up front fees into the lease--and it would be aprox. $705 with only MV fees and 1st month up front.
 
I am getting the car at invoice minus the $5k cash, and the standard MB money factor. This is the MB deal for the month of April. Can I do better?
#44 of 619
Re: Any new R350 deals since 3/31? [euyesaka] by mishmash1
Apr 15, 2006 (9:56 pm)
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Replying to: euyesaka (Apr 12, 2006 5:06 pm)

Ok this was my Northeast April deal. Picked up the car last week. The lease promotion went from 39 mos. to 27 mos. with the same MF and dealer cash. Below is A6 to M35 next to mine. Neither is as good as Zaheer because of the family discount but our lease is 12 mos. shorter. I chose as little cash up front as possible as per Zaheer above. BOTH are great values!!!
 
MSRP: 60830/$64420 (Both are almost $9000 off sticker)
Selling: 52027/$55800 ($58200 w/$2400 taxes/fees)
27 months/27 mos.
15k miles/12k mi (about $.14 mi for xtra miles using res.)
70% residual/72% res
MF: .00285/.00285
MV Fees: $400/$200
Incept+1st month: $1370/$925 inception in payments
Cash down: $1100/$0
Taxes up front: $1053/$0
Total up front: $3915/$925
Lease: $575.61/$736
 
There are other fees:disposition(lease end $600) and possible missing maintenance book fee of $500 if lost . I love the car and the deal even more!!! Go buy one today!!
#45 of 619
Re: New deal details... [a6_to_m35] by mishmash1
Apr 15, 2006 (10:00 pm)
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Replying to: a6_to_m35 (Apr 15, 2006 9:44 am)

Check my post. You appear to have a great deal. Less $$ up front the better....see Zaheer's earlier post. Overall your deal was just like mine after much searching and negotiating

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