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Mercedes-Benz R-Class Lease Questions

672 messages, Last post on Nov 21, 2008 at 3:42 AM
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Replying to: paunch (Apr 19, 2006 2:33 pm) I would still suggest going with a 0 Cap Reduction so you have more flexibility during the lease. Any Cap Reduction is non-recoverable. When you are actually ready to negotiate, I suggest doing it over the phone at home armed with the Lease Formula on your computer. Since the dealer should tell you what the terms are (MF, Length, Residual), the only thing to negotiate is the selling price. Once you agree on a price, have him fax a printout from his computer for confirmation (I had 2 dealers do this). My wife was not too impressed with this crossover vehicle initially also. She thought it looked more like a station-wagon. However, once she drove it and looked at all the comfort features, she really preferred it to an SUV. BTW the R-350 gets 22 mpg on the highway (your mileage may vary). In the city, I'm averaging between 18 - 20 mpg. |
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Replying to: mishmash1 (Apr 15, 2006 8:56 pm)
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Replying to: zaheer (Apr 04, 2006 4:08 pm)
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Replying to: neazie4 (Apr 22, 2006 5:19 pm) My dealer is located in Northern California (MB of Oakland). I plugged in the numbers in the "Ad Car" from mbusa.com and modified the miles (15k vs 10K) and the discount ($9k vs $6,668.32) the cap reduction (0 vs $1,100) and came up with the following: MSRP - $54,175 Sales Price - $45,175 Cap Reduction - 0 Miles per year - 15k Residual - 70% - $37,922.50 Money Factor - .00285 Term - 27 months Monthly Depreciation - 268.61 Monthly Rental Charge - $236.83 Total Monthly Payment with 8.75% Tax - $549.66 Total Drive-off - DMV + $795 (Lease Inception) (assuming 2 months free) I don't know what the sales tax rate is in the county you are in in NJ (I used 8.75%), so your final payment may vary slightly. Call MB Financial and confirm that the 2 months free offer does not affect any of the discounts offered by dealers (it shouldn't). Ask them if it will be handled through the Lease Agreement or as a separate transaction. I would negotiate the above terms first with the dealer without mentioning the 2 months free offer thru MB Financial. When you are ready to sign the Lease Agreement, get MB Financial involved. Good luck! Zaheer |
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Replying to: neazie4 (Apr 22, 2006 5:10 pm) I believe this site asked us not to post dealer names. It won't be a problem to find them. They are the largest and only MB dealer on an island close to NJ. mash |
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| You may include the dealership name, city and state in your post. Please do not post names of salespeople, telephone numbers, email addresses, or other contact information. | |
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I'm dealing with Prestige in Paramus...the salesperson was rushed ??? and at the end of his day so I only walked away with preliminary info as follows: On the 2006 R. With the exact specs on edmunds I got a TMV of 52,071. How or can I use this info to work a better deal with this dealership? Sale price $55362 leased for 695/mo 27 mo lease 12k Any thoughts I have a leased 2004 ml with nav and 3rd row that i have to make 7 more payments of 625 to MB Financial(4375 total) Do I wait to finish out this lease ( I can't determine the Money Factor even with all my documentation- with which I could use help)? Or take advantage of the R's current situation?? I'm lost, but determined to figure this out if you can help.
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Replying to: sheilaguarino (Apr 24, 2006 5:11 pm)
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Replying to: neazie4 (Apr 24, 2006 5:34 pm) power tailgate open/close. How should I procede? Thank you so very much for any help you can offer. |
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I just got off the phone with mb financial and in order to get 2 months of payments paid by mb financial, your existing lease would have to expire no later than 12.31.06-I am bummed because my lease matures 1/7/07.. :mad |
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