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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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#619 of 740
Residual value of 2008 R350 after 48 months by samir2
Sep 04, 2008 (6:07 am)
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I am planning to lease a 2008 R350 this month.
 
Could some one please tell me what was the Residual % and the Term (36 vs 48 months) they have got from MB dealers?
 
Also the money factor or the APR?
#620 of 740
Re: lease buyout by irishrogue1
Sep 10, 2008 (12:26 pm)
Reply

Replying to: lklein1 (Aug 08, 2008 8:30 am)

lklein1 (or anyone else) have you contacted MB again to see if the buyout discounts have dropped any more? '09s are on the lots and they sold less than 500 Rs in August (half the # they sold in august '07)....
#621 of 740
sept auction prices for '06 R500 by irishrogue1
Sep 24, 2008 (6:50 am)
Reply
thought folks might like to see the most recent auction prices - they actually went up a bit as compared to July/August with some low mileage, above avg R500s going through....hopefully the economic woes will drag those #s back down going into next month....
 
IF ANYONE HAS BOUGHT OUT OR IS BUYING OUT THEIR LEASE FROM MB, PLEASE POST YOUR "EXPERIENCE" ON THIS BOARD.
 
06' MB R500's
09/22/08 RIVRSIDE Lease $23,750 29,674 Avg PEWTER 8G A Yes
09/22/08 RIVRSIDE Lease $23,250 23,955 Avg PEWTR 8G A Yes
09/22/08 RIVRSIDE Lease $23,250 21,915 Avg PEWTER 8G A Yes
09/22/08 RIVRSIDE Lease $23,000 25,979 Avg IRI SIL 8G A Yes
09/22/08 RIVRSIDE Lease $23,000 21,479 Avg PEWTER 8G A Yes
09/22/08 RIVRSIDE Lease $22,750 22,839 Avg PEWTR 8G A Yes
09/22/08 RIVRSIDE Lease $22,000 36,340 Below IRI SIL 8G A Yes
09/22/08 RIVRSIDE Lease $22,000 33,519 Below IRI SIL 8G A Yes
09/22/08 RIVRSIDE Lease $22,000 31,483 Below BAR RED 8G A Yes
09/22/08 MANHEIM Lease $26,000 17,409 Above IRI SIL 8G T Yes
09/22/08 MANHEIM Lease $25,500 13,095 Above IRI SIL 8G A Yes
09/22/08 MANHEIM Lease $24,750 44,076 Avg CPR BLU 8G A Yes
09/22/08 MANHEIM Lease $24,750 30,476 Avg IRI SIL 8G A Yes
09/19/08 MANHEIM Regular $24,600 32,542 Avg BLACK 8G A Yes
09/18/08 MANHEIM Lease $26,500 10,646 Above PEWTR 8G T Yes
09/18/08 MANHEIM Lease $25,000 24,431 Above CPR BLU 8G T Yes
09/18/08 MANHEIM Regular $24,500 36,918 Avg WHITE 8G A Yes
09/18/08 MANHEIM Lease $23,750 37,244 Avg BLACK 8G T Yes
09/18/08 DFW Lease $23,000 29,363 Avg IRI SIL 8G A Yes
09/18/08 CHICAGO Regular $22,750 14,296 Avg SILV 8G A Yes
09/17/08 SEATTLE Regular $20,000 37,354 Below GRAY 8G A No
09/17/08 NASHVILL Lease $23,250 26,107 Avg PEWTR 8G A Yes
09/17/08 MINNEAP Regular $21,400 53,971 Below BLACK 8G A Yes
09/17/08 MILWAUKE Lease $23,000 14,782 Avg PEWTR 8G T Yes
09/17/08 ATLANTA Lease $27,750 19,278 Above BLACK 8G A No
09/17/08 ATLANTA Lease $24,750 24,655 Avg PEWTR 8G A Yes
09/17/08 ALOHA Lease $25,250 7,398 Above IRI SIL 8G A Yes
09/16/08 BALTWASH Lease $22,800 35,876 Avg BLUE 8G A Yes
09/11/08 RIVRSIDE Lease $23,750 48,643 Avg BLACK 8G A Yes
09/11/08 RIVRSIDE Factory $19,000 8,958 Below OBS BLK 8G A No
09/11/08 GTR TMPA Regular $20,400 59,765 Below SILVER 8G A Yes
09/11/08 CHICAGO Regular $22,600 37,064 Avg TAN 8G A Yes
09/11/08 ATLANTA Lease $20,500 36,379 Below ALP RAN 8G A Yes
09/10/08 NASHVILL Regular $23,500 24,783 Avg DES SIL 8G A Yes
09/10/08 MILWAUKE Lease $25,000 29,662 Above IRI SIL 8G A Yes
09/10/08 MILWAUKE Lease $23,750 33,151 Avg ALP RAN 8G T Yes
09/10/08 MILWAUKE Lease $23,500 37,387 Avg DES SIL 8G T Yes
09/10/08 MILWAUKE Lease $22,750 32,095 Avg IRI SIL 8G T Yes
09/10/08 MILWAUKE Lease $21,250 30,828 Below BAR RED 8G A Yes
09/09/08 MANHEIM Regular $24,000 46,064 Avg BLACK 8G A Yes
09/04/08 NEVADA Lease $23,750 43,828 Avg IRI SIL 8G A Yes
09/04/08 NEVADA Lease $23,000 35,942 Avg ALB WHT 8G A Yes
09/04/08 NEVADA Lease $21,500 38,895 Below IRI SIL 8G A Yes
09/04/08 MANHEIM Lease $25,500 8,399 Above ALB WHT 8G T Yes
09/04/08 MANHEIM Lease $24,250 21,834 Avg IRI SIL 8G T Yes
09/04/08 MANHEIM Regular $23,500 47,318 Avg BLACK 8G A Yes
09/04/08 MANHEIM Lease $23,250 23,082 Avg IRI SIL 8G T Yes
09/04/08 MANHEIM Lease $22,500 25,425 Avg PEWTR 8G T Yes
09/04/08 MANHEIM Lease $22,250 32,798 Avg BLACK 8G T Yes
09/04/08 ATLANTA Lease $19,500 15,930 Below IRI SIL 8G A No
09/03/08 SEATTLE Lease $24,500 28,364 Avg IRI SIL 8G A Yes
09/03/08 NASHVILL Lease $25,750 10,076 Above BLK 8G A Yes
09/03/08 NASHVILL Lease $25,000 13,244 Above ALB WHT 8G A Yes
09/03/08 NASHVILL Lease $24,500 20,068 Avg PEWTER 8G A Yes
09/02/08 DFW Lease $25,500 15,367 Above IRI SIL 8G A Yes
09/02/08 DFW Lease $23,500 20,151 Avg ALB WHT 8G A Yes
08/29/08 MANHEIM Regular $24,750 34,022 Avg BLACK 8G A Yes
08/29/08 MANHEIM Regular $24,300 35,912 Avg SILVER 8G A Yes
08/28/08 RIVRSIDE Lease $23,750 22,903 Avg BLACK 8G A Yes
08/28/08 RIVRSIDE Lease $23,250 21,954 Avg IRI SIL 8G A Yes
08/28/08 RIVRSIDE Lease $23,000 23,136 Avg BLACK 8G A Yes
08/27/08 W PALM Lease $26,500 15,747 Above BLACK 8G A Yes
08/27/08 W PALM Lease $25,500 26,412 Above BLACK 8G A Yes
08/27/08 W PALM Lease $23,750 13,429 Avg ALP RAN 8G A Yes
08/27/08 W PALM Lease $23,250 45,233 Avg IRI SIL 8G A Yes
08/27/08 W PALM Lease $22,800 31,063 Avg SILVER 8G A Yes
08/27/08 W PALM Regular $20,500 46,248 Below BLACK 8G A Yes
08/26/08 FAAO Regular $24,800 31,170 Avg SILVER 8G A Yes
Copyright © 1996-2008 Manheim Auctions
#622 of 740
Re: sept auction prices for '06 R500 [irishrogue1] by lklein1
Oct 06, 2008 (1:10 pm)
Reply

Replying to: irishrogue1 (Sep 24, 2008 6:50 am)

Thanks for posting these. I may call later in the week to see if they have come down any on there buyout and will post. I just don't know if i should just wait until after Nov 1st to see if it will go lower. I got my paperwork last week that it is time to have it inspected for turn in etc. Lease is up Nov 21st. I wonder when the bulk of the R classes they were giving away will be coming in. I would consider leasing a new one if the payment was anywhere near my current one, but its not.
#623 of 740
Re: sept auction prices for '06 R500 [irishrogue1] by vtraudt
Oct 07, 2008 (3:51 am)
Reply

Replying to: irishrogue1 (Sep 24, 2008 6:50 am)

Could you explain to the non expert like my what the columns in the table mean?
#624 of 740
Re: sept auction prices for '06 R500 [vtraudt] by kyfdx HOST
Oct 07, 2008 (5:49 am)
Reply

Replying to: vtraudt (Oct 07, 2008 3:51 am)

I can take a stab at most of it..
 
09/22/08 RIVRSIDE Lease $23,750 29,674 Avg PEWTER 8G A Yes
 
09/22 -- Date of sale at auction
 
RIVRSIDE -- Location of auction (Riverside, CA, I'd guess)
 
Lease -- Source of vehicle (off-lease)
 
$23,750 -- Selling price at auction
 
29,674 -- Mileage on this vehicle
 
Avg -- Condition, either Above, Average, Below -- Mostly related to miles
 
PEWTER -- Color of car
 
8G -- Usually engine size (V8?)
 
A -- Automatic
 
Yes (not sure)
#625 of 740
Re: sept auction prices for '06 R500 [kyfdx] by irishrogue1
Oct 07, 2008 (6:17 am)
Reply

Replying to: kyfdx (Oct 07, 2008 5:49 am)

thanks to our host....you saved me some typing..
 
the "big" thing that is missing of course from the auction details are the options on these vehicles. But given the relatively close price spread, you can tell that even very well optioned cars do not command much of a premium wholesale despite possibly costing $10-20k over "base" vehicles when new....
 
i will post updated auction #s later this month.
 
to those with Novembe lease ends, PLEASE keep checking and posting on this thread so we that we can all benefit and help one another.
 
i expect to call MBUSA later this month to discuss the buyout price and see where they start. I fully plan to have recent auction #s at hand and am going to push for a buyout as close to the average wholesale price as I can. I am also curious what kind of financing they will offer....i can get 4.75% for 3yrs, or 5% for 4 yrs.
#626 of 740
Re: sept auction prices for '06 R500 [irishrogue1] by lklein1
Oct 08, 2008 (7:26 am)
Reply

Replying to: irishrogue1 (Oct 07, 2008 6:17 am)

My husband called this morning to see if my buyout has gotten any better. It was the same deal $28,800. They would not negotiate. He told him we could pay cash or finance--if one or the other options would make the deal better -- it didn't.
We will call back after Nov 1st to check one last time, but it looks like I will be getting a different car b/c I am not going to pay more than what other local non MB dealers have them listed for around here. Also, got rough quote of $700 on 2009 lease, while I could afford that much of a payment I just don't think its wise -- I've been listening to Dave Ramsey too much lately.
#627 of 740
Re: sept auction prices for '06 R500 [lklein1] by irishrogue1
Oct 08, 2008 (7:38 am)
Reply

Replying to: lklein1 (Oct 08, 2008 7:26 am)

i agree. they must not have the auction data...the decision needs to be made higher up internally to price them just over wholesale. An MB dealer certainly wouldnt take it from MBFinance for $28k to resell when the dealer could get one at auction for $22-25k. And MBF hsa to know at a higher level internally that it has NOT chance of fetching even close $28k at auction....Give it a little time....Im going to push hard when i call and get past the leasing rep if need be to someone higher up.
#628 of 740
Buyout interest rate by shorebound
Oct 10, 2008 (7:52 am)
Reply
I've called a couple of times and they quoted a 6.99% interest rate. Anyone getting anything different? I think by the end of the month the dramatic drop-off in sales will motivate them.

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