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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: bknyc (Jul 01, 2008 6:25 am) my lease was scheduled to run out in Oct and the dealership called about a 3 month loyalty on the E class and then stated it was also valid on the r class--a good deal all in all-will have to pay overage in miles-did not want to roll them into a new lease |
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Replying to: ferugi (Jul 03, 2008 3:35 pm) Thoughts?
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Replying to: bknyc (Jul 07, 2008 4:37 am) do you have more info like the money factor, miles per year, and the negotiated amount paid for the car?
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Replying to: bknyc (Jul 07, 2008 4:37 am) ours was same -08 r350 4matic,etc... paid 783.00 out of pocket-which was basically first months' payment -payments 638.?? month for 36 months? did notice steering on 08 is mushy-i like the steering on 06 better-other than that very pleased |
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Replying to: rmbalisa (Jul 07, 2008 5:54 am) Thanks |
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Hello all - First, thank you for all of your contributions to this forum. I have gained tons of knowledge here.....just enough to be dangerous, I guess. After a few months of researching, I finally decided the time was right to get into an r350. Especially since the dealer stocks of 08 models are getting thin in some colors. Also, some of the deals people have been posting for purchases and leases have been great. I am looking at an R350 4matic with P2, ipod, 7 seat, 6cd and heated seats with an MSRP of about 56.5K. I am interested in leasing primarily. My local dealer proposed the following lease: 33 months/15K miles $53988 gross cap cost (TTL, 3% Virginia tax) 0.00110 money factor 53% residual First month payment on delivery $829 / month This is a far cry from the deals elsewhere on the forum....what am I missing and where am I getting screwed?? What can I reasonably demand in the current market?? I had anticipated a target cap cost (car only) of about MSRP-10K and having the lease calculated using the MB financial numbers of (24 Month – Residual 58% of MSRP – .00075 Base Rate) Thank you very much for any and all help. Don
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Replying to: medphreak (Jul 17, 2008 4:16 pm) the main reason why the payment is high is because of the 53% residual. when i got my r350 in december, the residual was 61%. therefore the 8% diff in depreciation during the lease period is huge. with the price of gas, no one wants to get a SUV, thus dropping the value. not to make you feel bad, but my lease is 33 months, 12k, for $455/mo with 9% tax included, for an 08 R350 with P1, heated front seats, Ipod and 7th seat.. nothing down except 1st payment and the acquisition fee was rolled into my payment. |
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Replying to: rmbalisa (Jul 18, 2008 3:41 am)
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Replying to: medphreak (Jul 17, 2008 4:16 pm) |
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Replying to: solsat (Jul 18, 2008 7:55 am) Where did you do your lease in Virginia? Thx.
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