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Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV
#38 of 803 Re: money factor [chucky380]
Apr 04, 2006 (2:24 am)
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.
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#39 of 803 Any new R350 deals since last special?
Apr 04, 2006 (2:44 pm)
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?
#40 of 803 Re: money factor [mishmash1]
Apr 04, 2006 (4:08 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 803 Re: money factor [zaheer]
Apr 08, 2006 (1:03 pm)
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 803 Any new R350 deals since 3/31?
Apr 12, 2006 (4:06 pm)
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 803 New deal details...
Apr 15, 2006 (8:44 am)
Just drove the R350. My lease offer was as follows:
MV Fees: $400
Incept+1st month: $1370
Cash down: $1100
Taxes up front: $1053
Total up front: $3915
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 803 Re: Any new R350 deals since 3/31? [euyesaka]
Apr 15, 2006 (8:56 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
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
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 803 Re: New deal details... [a6_to_m35]
Apr 15, 2006 (9:00 pm)
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
#46 of 803 Re: New deal details... [mishmash1]
Apr 18, 2006 (5:58 am)
These are great deals--but I have some new information.
Dealers have a 5.5% holdback equalling roughly $3500 on these cars. I expect that one can make a deal that could go significantly under invoice BEFORE the $5k in the trunk!
Just a thought...
#47 of 803 Re: New deal details... [a6_to_m35]
Apr 18, 2006 (9:59 am)
Too late but thanks for the info. I didn't come across any hold back info prior to my purchase. That puts it at $8500 off invoice... WOW. I paid about $8500 off sticker!!! I know some dealers are very hesitant to give up the holdback but you never know. Good luck to the others.