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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
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Replying to: ocautoseeker (Apr 09, 2008 11:45 pm) I am in the market for buying a R350 AWD 4 matic and got a quote from a MD dealer at $509/month for the 33 months  10K miles without any down payments. The MSRP of the vehicle includeing the P2 pkg, 7 seat option, ipod integration etc is $53,760. Reading at the discussion forum, as you appear to be very knowledgable on this subject, would appreiciate seeking your comments and suggestions about this deal. Thanks in advance. |
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Replying to: solsat (Apr 14, 2008 6:58 am)  maybe I'll hit them up and try and get the same deal. Do you know what the residual is? And I am assuming you mean 10k miles a year?
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Replying to: d_sire (Apr 14, 2008 7:42 am) |
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Replying to: solsat (Apr 14, 2008 6:58 am) YOu can not lease aR350 with out any $$$ down for $509 a month Tell me where and I will lease 10 cars YOu can get 6% disocunt from MSRP and $2000 Mercedes cash. Total discount should be around $5000 from sticker. Even with that - you can not get a$509 a month WITHOUT money down. Mercedes figured very high on the residual to lease the car. After 3 yrs, one can buy this used care for 40% of the original cost
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Replying to: tleco (Apr 14, 2008 11:54 am) R-350 no metallic paint, P2 package, approx $3000 down (depends on state taxes) and about $590 mo. So if you can get the deal above with no money down you should do it in a hearbeat.. I would! |
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Replying to: solsat (Apr 14, 2008 6:58 am) With $0 down payment/cap cost reduction, they most-likely still expect 1st mo, acqusition fee, and dmv's upfront. If this is the case, ask them the exact amount of how much you'll need to write the check for at signing? When they give you a number, don't be afraid to ask them to itemize what you're paying (i.e. - dmv fees, acqusition fee, any doc/process fees etc...) Ask them what the cap cost (selling price) of the vehicle is? Get me some of that info, then I'd be happy to advise further. Btw... 33mo/10k residual on the 4-matic (not 2wd) should be 58%. The 2wd carries the 56% residual.
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Replying to: ocautoseeker (Apr 14, 2008 1:48 pm)
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Replying to: solsat (Apr 14, 2008 9:01 pm) Capcost: $53,460 (the msrp) Residual value at the end of the term: 59% Down payment:$0 (it is all covered by the discounts) All I will be paying from the second month is the $509 + 3% VA tax per month. Would appreciate your comments on these details
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Replying to: solsat (Apr 16, 2008 9:13 pm) With current MBC numbers on this vehicle, the dealer would need to cap the cost (sell you the car) at around $44,900. Then, for $0 drive off's, your first mo, dmv's and acqusition fee would need to be rolled in, giving you an adjusted cap cost of around $46,600. This would yield payments right around $509/mo + tax. Something is amiss here. Perhaps there was just a misunderstanding on either your's or the dealer's part? The only other thing I can think of is if your dealer is offering a lease special specific to his own dealership. Regardless though, if you sign paperwork that gets you to that payment based on the terms/mileage you're expecting, it's a phenominal deal. I'd just like to see how they're structuring it. With tax, you'd be at ~$525/mo OTD. That's a solid lease on $54k automobile, especially with nothing out of pocket.
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Replying to: ocautoseeker (Apr 17, 2008 3:49 am) That would be an understatement...  Re: VA tax... It's 3% on the whole car, not the payment, I'm pretty sure... That would make the tax about $45-$50 per month...
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