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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: 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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Replying to: shermar76 (Mar 22, 2008 6:24 pm) To get to those payments they quoted you, the vehicle would have to be discounted $10k, giving you a cap cost cost of $43,985 ($8k off list + $2k MB lease cash). MF being utilized should be .00065. Residual 56%. Drive offs should be ~$1800 (1st mo+tax ($498), acquisition fee ($795) + DMV (~$425). Looks like the leasing company does have a fee involved, but it appears that the deal they negotiated on the vehicle is well below what any MB dealer is willing to do. If MB sells you this vehicle at invoice, then you subtract the $2000 lease cash, you're still only ~ $5500 off MSRP. This company appears to have negotiated a heck of a deal. See if you can get them to itemize the $3047, and find out what the gross cap cost/selling price is?? See if the money factor I posted gels with theirs?? Let me know... |
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