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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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Replying to: dwws (May 14, 2007 6:38 am) I forgot to mention that at first the salesman said they would pay my last monthly payment on mh Hummer H2 (June) but then, after our negotiations, he said that the deal he was giving me was so good that the dealership would not be able to pay my last lease payment. Is this just b.s.? Thanks, David in NJ
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Replying to: dwws (May 14, 2007 6:38 am) 2007 R350 4WD Wagon 24 Month – Residual 62% of MSRP – .00055 Base Rate 36 Month – Residual 54% of MSRP – .00100 Base Rate 48 Month – Residual 47% of MSRP – .00100 Base Rate 60 Month – Residual 40% of MSRP – .00370 Base Rate Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
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Replying to: dwws (May 14, 2007 9:49 am) MSRP Cap Cost (with and without cap cost reduction) Residual Value Money Factor Post up and someone can run the numbers and let you know if its in line. |
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Replying to: sand529 (May 14, 2007 7:16 pm) Yes, the MSRP is $51500. The salesman said that Mercedes does not lease for 36 month terms. He said they use 33 months or 39 months. I do not know if that is true, but the advertised offer for May 2007 on the Mercedes Benz website of $489/month for an R350 with P1 package & heated fron seats is for a 33 month lease (with a similar deal of $549/month for an ML350 with P1 package and heated fron seats). Both of those deals require a cap cost reduction; $2750 for the R350 and $2850 for the ML350. Also, He told me that the selling price of $48,895 was $500 above his invoice price, but this afternoon I told him that it seemed to me that it was $900 above his invoice he told me that the $400 difference was some sort of fee that all Mercedes Benz dealers are required to pay when they participate in an advertised lease deal or something like that. I am not happy that I was not told about that fee upfront, because $48,895 is NOT $500 above his cost, it is $900 above. How can I find out if this "fee" is real or just him padding his profit? I also asked if there were any factory-to-dealer incentives or "holdbacks" of any kind and he said no, but I don't know how to find out if he is telling the truth. How long is your lease on your R350? Did you make a cap cost reduction? Also, where did you find the published Mercedes lease factors (residulas & money factors)for Tier 1 credit for May? Is there alist of Tier 2 lease factors? Lastly, How do I know if I only qualify for Tier 2 credit? I know that my credit is not perfect, but the salesman is saying that he is going to try to talk to his business/sales manager and get me "bumped up" to Tier 1 credit; how can he do that? Am I being suckered? I really need to know, because if I am, I will go elsewhere. Any suggestions? Thanks, David in NJ |
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Hello, Does anyone want to take a quess on what/how the 2008 is going to be price/packages? I have some time until I have to get out of my current lease but might want to pull the trigger this month (unless some one thinks next months deal would be better)with the good deals out there. Thanks for any help. Mike in NJ.
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Replying to: mylt4 (May 15, 2007 5:01 pm) FACTOR IS .00055 COST $46,500 STICKER LIKE $48,760 What do you guys think ?
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Replying to: fletch58 (May 20, 2007 11:23 am) |
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Replying to: svrlin (Apr 24, 2007 12:17 am) 07 R350 Pewter / Macadamia interior P2 DVD entertainment Petwer paint, upgraded wheels, Lighting package, entertainment package, navigation.....basically fully loaded. MSRP $63000 Paid $57500 CAP COST 51000. (6000 down) 24 months/ 12000 miles $560/month (tax included) I too was wondering on the Wear and tear coverage. |
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Hello Car_Man, Can you post the "special" 33 month MF and Residual for the R350? 15K miles. Thanks! |
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I am getting mixed advice from MB dealers on this. Please help!! I drive 25,000 miles per year, should I lease or buy? One dealer is telling me that I should just pre-purchase my miles upfront and still lease. Another is telling me that leasing is not an option for me because I drive too many miles. Thoughts? Opinions? Advice? Also, doesn't it cost more to insure a leased vehicle than one you own? |
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