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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

What is this discussion about? Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV


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#506 of 740
7500 mi lease? 10K mile lease? by spainhour66
Mar 25, 2008 (10:18 am)
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Why would you buy (or lease) a car and then not be able to drive it?
I bought an R Class at the end of February and have already put 1500 miles on it. I love it and love driving it! To me, these low mile lease deals are like giving candy to a child and then not letting him eat it.
#507 of 740
Re: 08' R350 4Matic lease [bknyc] by rmbalisa
Mar 25, 2008 (10:25 am)
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Replying to: bknyc (Mar 25, 2008 5:32 am)

whats the money factor, and tax rate? what does the $1985 consist of (cap cost reduction, acq fee, etc?...)
#508 of 740
Re: 7500 mi lease? 10K mile lease? [spainhour66] by gavin2000
Mar 25, 2008 (10:49 am)
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Replying to: spainhour66 (Mar 25, 2008 10:18 am)

My wife has a 1999 E320 with 67000 miles on it. We live righ tin the city (Boston) and she just doesn't put that many miles on it back and forth from work.
 
So the 7500 mile lease makes sense for us.
#509 of 740
Re: 7500 mi lease? 10K mile lease? [spainhour66] by bknyc
Mar 25, 2008 (5:49 pm)
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Replying to: spainhour66 (Mar 25, 2008 10:18 am)

Agree on the candy to a child. Currently have an 06' R350 and will be replacing it with an 08', love it, however it's a 3rd car and we really don't need more miles.
#510 of 740
Re: 08' R350 4Matic lease [rmbalisa] by bknyc
Mar 25, 2008 (5:53 pm)
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Replying to: rmbalisa (Mar 25, 2008 10:25 am)

Not sure of the $ factor . $673 includes tax and $1985 out of pocket includes; 1st month's payment, acq fee and motor vehicle fees.....
 
Thoughts on th deal?
#511 of 740
Help me w/lease on R350 by hamom
Mar 30, 2008 (4:47 am)
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Hi..I am looking at a 33 mo lease, 15K miles a year, P2 package...6 passenger seating,. I want to do no money down...accept fees and taxes. I live in NJ...what is a "good" deal for this. We went to Prestige in Paramus yesterday and they are giving me numbers tomorrow...based on April numbers since that is when we would be "doing the deal". Can someone help with where my numbers should be to be considered a "good deal".. Thank you!
#512 of 740
Re: Help me w/lease on R350 [hamom] by ocautoseeker
Mar 30, 2008 (4:27 pm)
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Replying to: hamom (Mar 30, 2008 4:47 am)

Tell me what the exact MSRP is and what your local sales tax rate is, and I'll run some numbers.
#513 of 740
Re: Help me w/lease on R350 [ocautoseeker] by hamom
Mar 31, 2008 (3:24 am)
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Replying to: ocautoseeker (Mar 30, 2008 4:27 pm)

msrp: 44,600...not including desitination or any of that
p2: 7,850
Leather: 2,200
2nd row console: 410
heated front seats: 710
 
NJ Sales tax is 7%
 
Thank you!
#514 of 740
Re: Help me w/lease on R350 [hamom] by ocautoseeker
Mar 31, 2008 (11:05 am)
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Replying to: hamom (Mar 31, 2008 3:24 am)

Assuming this vehicle does NOT have metallic paint, the total MSRP should be $56,595 and carries and invoice of ~$53,000. A cap cost of invoice should be easily negotiated plus, Mercedes is offering an additional $2,000 in lease cash incentive. Thus, you should have an adjusted cap cost around $51,000.
 
Mercedes has a $795 lease acquisition fee that can either be paid upfront or rolled into your lease payments. This vehicle carries a 55% residual based on 15k annual miles and has a buy rate money factor of .00065 for the 33 month term you specified.
 
w/o acqusition fee: $655.59 + 45.89 (tax) = $701.48/mo
 
w/acqusition fee: $680.20 + 47.61 (tax) = $727.81/mo
#515 of 740
Re: Help me w/lease on R350 [ocautoseeker] by spainhour66
Mar 31, 2008 (12:53 pm)
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Replying to: ocautoseeker (Mar 31, 2008 11:05 am)

OR ... you could buy it outright for 1.25% like I did with virtually the same monthly payment and not worry about 15K miles per month and re-upping in 33 months. And on a purchase you should be able to negotiate down to $51,000 easily -- if not lower. It wouldnt hurt to ask what their rates are for purchase. I was quoted 1.9% and negotiated down to 1.25%. That's practically free money in my book.
 
It's a fantastic car -- whetever you decide to do (buy or lease), you are going to love your R-class. Good luck!

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