- #379 of 740
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Help for a new lesee please
by next
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Jan 21, 2007 (2:08 pm)
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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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- #380 of 740
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Re: Help for a new lesee please [next]
by martinf
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Jan 25, 2007 (12:49 am)
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Replying to: next (Jan 21, 2007 2:08 pm)
Bad deal. Look at the postings from July and August. There is a lot of information there. You should be in the $500/month range on a 27 month lease (which is actually less expensive than the 39 because of the big discount)
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- #381 of 740
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Re: Help for a new lesee please [martinf]
by readyalready
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Jan 25, 2007 (1:16 pm)
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Replying to: martinf (Jan 25, 2007 12:49 am)
I think the screaming deals from the fall/ Dec. might be gone, the residuals have fallen and the money factor/buy rates are up. If someone can find a fairly loaded R500 in the 500/month range please tell me where and I'll ship it in.
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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- #382 of 740
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Re: Help for a new lesee please [readyalready]
by michigan1
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Jan 27, 2007 (5:15 am)
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Replying to: readyalready (Jan 25, 2007 1:16 pm)
I am looking at a R350 with a 39 month lease, 25,000 miles/year. The MSRP including delivery is $52,600. Cash due at lease signing is approximaetly $1,100 and the dealer roles the acg fee into the monthly payment. I am being quoted $925/month and not sure if this sounds like a good deal. The dealer states they are giving me $1,600 off from the MSRP and this is the best they can do. Does this sound right? I also need to decide if I should role the dice and wait until February to see what happens with residuals and money factors. Does Mercedes typically role out incentives this time of year? Any thoughts?
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- #383 of 740
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Re: Help for a new lesee please [michigan1]
by readyalready
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Jan 27, 2007 (8:03 am)
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Replying to: michigan1 (Jan 27, 2007 5:15 am)
I don't think that $1600 off MSRP is a good deal at all, I think the best deal someone has posted was closer to 8-9k off MSRP for an 07, I think there is someone on ebay advertising $5koff. I think Mercedes is starting to have incentives as evidenced by the very low money factor, I think more will come but don't know how long they will take. I would do a little more shopping if I were you and check other dealers in your area or nearby states.
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- #384 of 740
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Re: Help for a new lesee please [readyalready]
by next
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Jan 27, 2007 (9:49 am)
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Replying to: readyalready (Jan 27, 2007 8:03 am)
Denver dealers are giving around 5k off msrp. Got a couple of quotes in denver:
r350 with P1, heated seat, etc.
msrp ~52k
zero down, 12k, 39m, $640/month (tax included). They pick up the first month.
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- #385 of 740
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Re: Help for a new lesee please [next]
by michigan1
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Jan 28, 2007 (8:00 am)
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Replying to: next (Jan 27, 2007 9:49 am)
Has anyone purchased a vehicle from a dealer that is too far away to handle the service needs of a vehicle? I have no problem driving a few hundred miles to pick a car up, but what happens when I need service and a loaner car? Will my local dealer be receptive to working with me?
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- #386 of 740
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Re: Help for a new lesee please [michigan1]
by martinf
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Jan 31, 2007 (10:15 pm)
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Replying to: michigan1 (Jan 28, 2007 8:00 am)
I have a 2006 R500 that I internet shopped in the L.A. area. I got a local San Diego dealer to match. I would try that first. Having said that, I have a 2005 Jaguar X-type that I bought from Jaguar of South Bay (Torrance, CA, about 100 miles from home), and I have only had the vehicle serviced locally at the only San Diego Jaguar Dealer. They have been absolutely courteous and have never even asked me why I bought elsewhere. In a nutshell, I would try to get your local dealer to match your best price. If they won't, I wouldn't worry about the local dealer not servicing your vehicle. Under warranty, the dealers get reimbursed very well by the factory by anything that needs attention. The only "discrimination" I have found is my local Benz dealer provides C280 loan cars only to customers who have bought their vehicles there. Everyone else gets an Enterprise Rent A Car - not a terrible consequence. Good luck and work the dealers!
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- #387 of 740
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Re: Help for a new lesee please [readyalready]
by ddouin
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Feb 03, 2007 (7:09 pm)
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Replying to: readyalready (Jan 25, 2007 1:16 pm)
not sure what terms are like but at holloway benz greenland nh (sister dealer in manchester nh) as of a few weeks ago had few r500s left and sales manager very eager to move.
I got lucky in sept, mine is loaded, $67k, 12k year, one pay
$12k out the door, not a nicke more for 27 months. good luck, exceptional car for the $, almost makes me feel a little dirty...
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- #388 of 740
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HELP ... need a car soon but too expensive ...
by balancesheet
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Feb 07, 2007 (9:41 am)
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I have been trying to lease a 07 R350 with navi and dvd but so far the numbers I have been quoted are significantly higher than what I have read in prior posts (similar car but the monthly payment is several hundreds higher). Am I missing something or it is simply market driving. Any input would be approciated. Thanks.
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