- #632 of 740
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Re: New Purchase [irishrogue1]
by mersee
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Oct 15, 2008 (5:34 pm)
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Replying to: irishrogue1 (Oct 15, 2008 9:52 am)
I went there with the intention of purchasing a low mileage 06, and from what I remember,they were going from $19K-$23K with miles ranging from 30K to 16K respectively. It was a good day for buyers generally.
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- #633 of 740
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Re: New Purchase [mersee]
by irishrogue1
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Oct 16, 2008 (8:36 am)
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Replying to: mersee (Oct 15, 2008 5:34 pm)
that sound right....i was thinking 500s as I typed...
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- #634 of 740
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2008 R Class money factor
by mjf415
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Oct 18, 2008 (2:59 pm)
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A dealer today in CT told me the interest rates to lease an '08 R350s was 9% while the rates on an '09 are ~ 4.5%. I'm looking for an '08 and the associated $9,000 dealer incentives but if the interest rates through Mercedes Benz really are that high I may reevaluate. Can anyone confirm this info? By the way, my R500 is coming off lease next month and they quoted me a buyout of $28,100 with 22,000 miles. If I extend the lease for another year they want to RAISE my payment from a little over $600 to $697. Thanks for any help you can offer.
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- #635 of 740
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Re: 2008 R Class money factor [mjf415]
by jprescott1
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Oct 19, 2008 (5:20 pm)
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Replying to: mjf415 (Oct 18, 2008 2:59 pm)
Mfj415, my R500 is comming off lease soon. Residual is $40k. Did you get your buyout quote from the dealer of MB finance? I would pay $30K for mine. 20k miles, NAV MSRP was 63k(we had cap cost of $48k). I don't know best rout. JUST baught my 06' A8L from dealer and Audi finance would not budge! This was before market crash though.
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- #636 of 740
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Re: 2008 R Class money factor [jprescott1]
by irishrogue1
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Oct 19, 2008 (5:51 pm)
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Replying to: jprescott1 (Oct 19, 2008 5:20 pm)
you have to directly to MBF. not the dealer. it is funny that lease extensions always seem to be a rip off... i never understood that.
for whatever reson i thought that my lease was up next month...it is actually not up ti mid Jan.
I have a 42k buyout (27mo lease) based on a 63k msrp.
i hope to have updated auction #s to post tomorrow so you all can call and know exactly what they are selling for.... shooting for a buyout a grand or two over auction prices seems reasonable...
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- #637 of 740
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Re: 2008 R Class money factor [irishrogue1]
by jprescott1
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Oct 20, 2008 (4:22 am)
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Replying to: irishrogue1 (Oct 19, 2008 5:51 pm)
irishrogue1 you are right where I am. Mid Jan off 27 months. So if I call MBF will they negotiate over the phone or do they stick to buyout? Advice on how to play this game would be appreciated.
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- #638 of 740
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Re: 2008 R Class money factor [jprescott1]
by irishrogue1
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Oct 20, 2008 (2:19 pm)
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Replying to: jprescott1 (Oct 20, 2008 4:22 am)
i m new to this as well....there is "evidence" on this board that MBF has been knocking $10-12k off buyouts on the R to get pricing closer to wholesale numbers. As best I can tell the negotiated #s still seem to be $3-8k over wholesale #s. I think the goal is to shoot for a negotiated buyout that is maybe $1-2k over the highest above avg auction price for such model....i do not understand why MBF would settle for $22k for a car at auction rather than negotiate down from $42k and try to make a few thousand once they realize that they arent going to make $20k when you walk away....
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- #639 of 740
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Re: 2008 R Class money factor [irishrogue1]
by mjf415
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Oct 20, 2008 (3:34 pm)
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Replying to: irishrogue1 (Oct 20, 2008 2:19 pm)
I don't recall my residual at the time I leased the car, but the original sticker was about $63,500 for my R500 and the negotiated price was around $51,000--they were offering something like $12,000 dealer incentives at that point (November '06). I had a 24 month lease that is coming due in a few weeks. MBF told quoted me a 'special' buyout offer of $28,100 with 24,000 miles on the car. I'm not interested in buying because I expect that depreciation will continue to be pretty severe. We've been happy with the car but maintenance is expensive and will only become more of an issue as the miles add up. I'll call MBF, ask for the '08 money factors, and then post them here.
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- #640 of 740
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Re: 2008 R Class money factor [mjf415]
by irishrogue1
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Oct 21, 2008 (7:01 am)
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Replying to: mjf415 (Oct 20, 2008 3:34 pm)
if $28,500 is their first offer, that is not a bad place to start....low mileage above avg condition could fetch $26-27k at auction based on prices from Aug/Sept. I m still trying to get late Sept/Oct prices to post....
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- #641 of 740
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Re: 2008 R Class money factor [irishrogue1]
by lklein1
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Oct 21, 2008 (10:18 am)
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Replying to: irishrogue1 (Oct 21, 2008 7:01 am)
My experience is they won't negotiate from what they tell you and won't let you talk to anyone else to negotiate. If anyone else gets past the price they give, please post how. I think I'm going to have to turn my car in and buy anothe 06 from somewhere else which is a bummer. My husband did find and negotiate an 06 R500 from a Ford dealership for $25,750. It was nice -- 17,000 miles on it, but it didn't have navigation or parking sensors -- 2 things I really like on my car.
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