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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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Went to a dealer today who had a 2006 R500. MSRP is 63,000 - sales price was 48,000 (that was a beginning number) Against my better judgement, I was ok with $3,000 down (1st month, acquisit. and license fee NOT included) They told me the residual on a 27 month lease is 39850 (or 63%) and I have Tier 2 credit (I know - not great, but also not the end of the world). We could not even come close on the payments ??? They were talking $600+ range (not including taxes) and I was in the $300 range ??? Are they trying screw me ? Do they not want to lease these cars any more ? Am I making a mistake in my lease calc. ?? |
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mbworld.org under their lease thread has a dealer that posts residual's and money factors that based on my recent lease are very accrate.... MBworld Forum |
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Can anybody please post them for Tier 1+ credit. I am looking to get one this week and want to make sure what the lowest rates currently are. I could trust what the dealer tells me or...  Thanks in advance
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Replying to: psdesertgeek (Dec 19, 2006 7:51 pm) If you can find a 2006, you should still get a better deal than on the 2007 (if you plan on purchasing after the lease, you should go with a 2007). For good credit the money factor will be high at .004 -- BUT here is what they are offering (my money factor is .00485 - Tier 2 - not sure if they can offer any better): 2006 R500 with limited options - retail at 60,400 -- 27 month and 15,000 per year -- with $3,000 down plus drive off we were talking payments in the $550 range (plus taxes) I think that is probably better about what I would be able to do on a 2007 R350. It's a strange deal -- the capital reduction is only about $5000 and the interest is all the rest - but who cares...
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Replying to: trojan88 (Dec 22, 2006 10:36 am) |
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Hi, I've never leased anything before, and even looking through this thread, I'm not sure of several things. Could someone help me with this lease dea? '06 r350 Price with doc and acquisition fee: $49,019 39 month lease $712 (tax included)a month, $712 drive off(includes, all fees and tax plus the first month) A couple of questions: why did they quote 39 months? is it because there is a major service at 36month? In the 'rate/money factor' calculation, "1.7" was used. I'm sure I'm in tier 2 or 3 credit at worse. Does this seem like a good deal? Thanks. jim.
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Replying to: next (Jan 21, 2007 2:08 pm)
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Replying to: martinf (Jan 25, 2007 12:49 am) The mf/buy rate is now pretty good on the 07s, you may do better to find someone who will deal on a 350. To answer your question about 39 months, it is the same benefit that makes 27 months better than 24, the residual percentage is the same for those three months so you only pay interest for 3 months which lowers the payment for the term.
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Replying to: readyalready (Jan 25, 2007 1:16 pm)
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Replying to: michigan1 (Jan 27, 2007 5:15 am)
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