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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: javafan1 (Dec 18, 2007 12:00 pm) What state did you purchase your R in? Can you send me the dealer name? TIA
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Replying to: minime5 (Dec 19, 2007 10:46 am) NY, MB of Manhattan. |
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Hi any word on the money factors/residuals from MB on the R class 350 AWD for March 08 ? Also, any Dealer cashbacks etc? I am trying to get the Cap cost under invoice on a lease, think there's a chance? Thnx
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Replying to: gavin2000 (Mar 06, 2008 5:51 am) 2008 R350 2WD Pewter/Macadamia P2 package iPod kit 7 seat option Panorama roof 6 CD changer Heated seats MSRP $53,420 Sale price $48,420 Sadly, I had a trade-in of a 2004 GMC Envoy XUV that was upside down (on a purchase no less) $3500, so I had to roll that back in. MB matched the Carmax price of $10,500 on the XUV and I owe $14,049 on it, so I felt that was fair. When I went in to sign the deal, it turned out there was about an additional $1000 worth of "stuff" in the contract (taxes, doc fess, etc), so they ended up offering 1.25% (!) financing for 72 months, a payment of $772 with no money down. While I didn't like the "throw in" of that mystery $1000, I am thrilled with the 1.25% financing and love the car. The lease they offered was for 33 months at $779.25 with an initial payment of $854.44. 15k miles, money rate .00025, residual 55% ($26,631). While I liked the thought of a 33 month turn-in, I am a fairly high miles driver -- I averaged 19k miles per year on the Envoy. Thus, I went for the purchase deal. I absolutely love my R class. The payment I ended up with was within $75 of the purchase payment I was being offered on a Buick Enclave CXL with less features -- GM's best rate was 5.9%, which kicked the monthly payment up there. I'm happy with my deal and look forward to a long relationship with MB and my R350. Good luck!
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Replying to: spainhour66 (Mar 07, 2008 2:16 pm) MSRP $53,420 Sale price $48,420 Is my interpretation right? Sales price $48,420. Plus "Fees" $1,000. Trade in value $10,500. = Financed amount: $38,920. Conditions: 1.25% for 72 months Principle $540.56. Interest: 1.25% per year for 6 years(mathematically: on 1/2 of the finance amount): 0.0125 x 6 x 38,920/2 = $1,459.50 total interest or $20.27 per month. Total Principle + Interest: $560.83 per months. What is wrong with my numbers?
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Replying to: vtraudt (Mar 08, 2008 8:05 am) They are correct. FYI -- March MB lease numbers are posted at MBWORLD.ORG/forums scroll down page to leasing forum. R CLass numbers are worse than FEB!
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Replying to: gavin2000 (Mar 08, 2008 9:15 am) |
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Hi All, Can someone tell me if this lease offer I got is good R350 4matic w\ premium 2 package $3047 cash at signing includes all taxes, fees and first month payment $498 / month 33 month 10,000 miles/year Thank You for you help
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Replying to: shermar76 (Mar 21, 2008 6:04 pm) Deal looks pretty solid at first glance, but I'd be happy to run the numbers for you as a second opinion. What's the total MSRP? What's your local sales tax rate?
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Replying to: ocautoseeker (Mar 22, 2008 1:17 am) I wanted your opinion on this because I got this price from a Leasing company "JMleasing" jmleasing.com, I asked the guy if I was leasing this car through Mercedes financial and he said yes and I will take delivery from a MB dealer, he will take care of the paper work and everything, Is this something to believe, I went to Ray Catena today and test drove the car and the salesperson gave me this quote 3000 down and 681/month which is too high compared to what I got from JMleasing, when I told him the quote I have, he said that there will be a lot of hidden fees going through a leasing company, I don't know if this is true or he just wants me to forget about the quote I got.
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