Last post on Sep 03, 2012 at 11:17 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV
#448 of 803 Re: Help with Leasing! [rbauto]
Aug 10, 2007 (1:51 am)
2008 Mercedes ML320 CDI 4WD SUV
24 Month – Residual 68% of MSRP – .00250 Base Rate
36 Month – Residual 58% of MSRP – .00290 Base Rate
48 Month – Residual 46% of MSRP – .00290 Base Rate
60 Month – Residual 42% of MSRP – .00370 Base Rate
2008 Mercedes ML350 4WD SUV
24 Month – Residual 66% of MSRP – .00205 Base Rate
36 Month – Residual 57% of MSRP – .00245 Base Rate
48 Month – Residual 41% of MSRP – .00245 Base Rate
60 Month – Residual 37% of MSRP – .00370 Base Rate
#449 of 803 Re: WAIT BEFORE YOU LEASE YOUR NEXT MERC [bigcat007]
Aug 10, 2007 (5:33 am)
What about the rates for the R350 2wd?
Any discount on the 2008 models yet?
#450 of 803 lease-end negoations?
Sep 04, 2007 (7:27 am)
First let me say thank you to all of the hosts and readers/contributors - this forum/board is a great source of information for so many things automotive!!
Now my Question - We leased a 2006 Mercedes R500 at the end of the 2006 model year when factory and dealer incentives were almost too good to be true and R sales were in the toilet. We drove off with an R sporting a $62k+ MSRP for 27 months (leased) at $508 per month, nothing down other than 1st month payment and MB bank fee. $16k+ in cap cost reductions all came from MB USA and the dealer. While the cap cost along with a decent MF and residual yielded a great monthly payment, the cap cost and likely unrealistic residual are going to kill me at lease end. The 67% residual gives a lease buy out of $42k (for those who dont know it is based on MSRP NOT capitalized cost). Given the revised pricing of the R in 2007 and overall poor sales, there is no way this thing will be selling for $42k in 27 months - right now 2006 R500s are selling for high 40s after less than 12 months!!
I already know that I want to keep my R at the end of the lease - So my question is does MB USA negotiate lease end buy outs? I know some manufacturers like Honda maintain a "no negotiation" policy. Also since $10k of the cap cost reduction came from MB USA is there any argument that it should have reduced or did reduce the MSRP for purposes of calculating the residual? Assuming MB negotiates, is it fair at the time to see what dealers are selling similar used cars for and shoot for a value a few thousand less than dealer asking price recognizing that it costs money to go over/prep/clean an off lease car, warranty it, build in dealer profit and carrying cost?? Realistically, this car is likely to be worth somewhere in the mid to high $30s at the end of the 27 month lease with 30k miles.
I found one post in the MB "S" class section where MBFC offered the lessee a buy out price that was $9k less than the stated lease buy out (due in large part to a complete redesign of the S Class).
thanks for input!
#451 of 803 2008 r350 lease
Sep 04, 2007 (2:37 pm)
i just recieved a qoute for a 2008 R350V4
PO1 package /ipod/7 seat/glass sunroof/heated front seats
msrp $51470 - cash price 50,000
rate .00120 / term 33 months / res 61% - $31,396.70
0 down exept first month taxes fees = 1717.10
monthy payment $724.27
is this a good price or should i try to get the price lower than $1470 off list?
#452 of 803 Re: lease-end negoations? [irishrogue1]
Sep 05, 2007 (12:01 am)
Hello, again, irishrogue1. I believe I had directed you over to the W.I. Simonson internet department about a year ago! Anyway, I just left a long post on mbworld.org, but the short-hand version is MB financial will re-negotiate the lease end buyout. I did the same calculations you did (I leased my 2006 R500 MSRP $60,120 with "just" an $11,000 discount,but my residual was 72% and MF was a bit lower than when you got yours. I actually did a single pay for about $12,900 for the 27 month/12k lease, so you did better by waiting until September),but my buy-out is even more ridiculous at $43,200 after two years! I called MB Financial and the representative had to admit that they will consider re-negotiating lease-end buyouts at market retail value at the time of lease end. I would have never thought this had it not been for another posting from someone else who had posted on Edmunds his experiences in both negotiating reduced lease extension payments and lease-end buyouts from MB Financial. I would love to hear from other people who have had experience, but I think us R class people are going to represent a very special problem for MB Financial if we all decide to walk away in the fall and winter of 2008 when the 2009 R classes are out, or, worse yet, discontinued. Best of luck with your R class and give internet guy at Simonson my best regards.
#453 of 803 Re: lease-end negoations? [martinf]
Sep 05, 2007 (7:50 am)
let's keep in touch! we should compare notes when the time draws near....shoot me an email at sclancy_pbhotmail.com
#454 of 803 Re: lease-end negoations? [martinf]
Sep 05, 2007 (7:58 am)
martinf, i dont see your post on mbworld.....
#455 of 803 Re: lease-end negoations? [irishrogue1]
Sep 05, 2007 (9:57 am)
Sorry Sean, I meant to say benzworld.org. It is under the R Class threads, under the heading "R 350 cheap," one of the first threads in the forum. I am a few months ahead of you (July 27, 2006 lease inception), so I will have the time to post or email you my experiences.
Sep 10, 2007 (6:00 am)
Hello. I would like to lease a r350 2008 with P2,heated front seats,second row console,silver metallic paint. 12000 miles and approx 3yrs. MSRP according to mbusa is $54855. What is the invoice price and what would be a reasonable lease payment with 0 money down? Thanks for your time.
#457 of 803 08 r350 lease
Sep 17, 2007 (9:49 pm)
2008 R350 2WD
7 seat option
Glass sunroof (replace panorama sunroof)
6 disc changer
33 month lease
10k/year (0.25c addtl)
4000 total drive off (out the door including tax/ lic/ reg)
519/ month including CA tax
bluetooth interace module included at no charge (supposedly 420 value)