- #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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- #642 of 740
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Some thoughts on returning the R350
by cary28
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Oct 21, 2008 (11:38 am)
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My 06 R350 lease is ending this month, and I will really miss the luxury and comfort of this truly amazing crossover vehicle. Our family had quite a few road trips, including numerous drives from Northern Cal to San Diego, ski trips to Lake Tahoe, and enjoyable jaunts along the Pacific coastline.
The R350 is really a hidden jewel in MB's lineup, and those of us who have lived with this car have learned to appreciate its stellar features. Its a luxury vehicle in the true MB sense(not like the ML/GL SUV class), with a solid body for smooth quiet drives. Ours was loaded to the gills with almost every option, which is what we will really miss after the lease. I still get a kick every time I sit behind the wheel, knowing it is still a unique car that gets a lot of notice on the road.
MBF is offering a buyout of around $29K, which includes all tax and fees. I started to negotiate with them, but the agent said they've already taken it down from the original residual, with no more room to go. It is a shame to let it go, since I only have around 19K miles on the odometer. My target is to get them down to under $22K, possibly even $20K, which would make it attractive when I calculate the total lease payment was only around $12K(really low mf and discounts in 2006 for a 27 months lease, and I used 1 pay lease to minimize my out of pocket cost).
One concern I have about keeping this car is all the "gadgets" which will increase cost of ownership. I had no idea how expensive MB dealerships are until I paid $700+ for a "B" service, which is nothing more than an oil change with brake fluid recycle and tire rotation, along with the usual inspection and fluid top off.
Any comments or suggestions on how to deal with MBF would be appreciated.
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- #643 of 740
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Re: Some thoughts on returning the R350 [cary28]
by irishrogue1
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Oct 21, 2008 (12:01 pm)
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Replying to: cary28 (Oct 21, 2008 11:38 am)
there clearly continues to be a disconnect with the person or persons at MBF who are authorized to quote reduced buyout prices and actual wholesale auction prices. I do not understand why MBF does not want to sell you that car for a couple thousand over what they should know they will get at auction.... their business model for lease turn ins would make sense if the cars went right to dealers and could be sold at higher retail prices but that doesnt happen here and even if it did, dealers dont want used Rs....
It might be helpful to get the best price from MBF to offer cash - if MBF has to finance, they are looking at credit risk and tying up capital that they would rather use for new car sales....
I think everyone calling MBF needs to push to speak to someone higher up the food chain than the basic leasing representative. I emailed them for payoff options yesterday from my MBF online account. Ill let you know what I hear when they respond....
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- #644 of 740
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Re: Some thoughts on returning the R350 [irishrogue1]
by cary28
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Oct 21, 2008 (1:25 pm)
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Replying to: irishrogue1 (Oct 21, 2008 12:01 pm)
The leasing agent told me they've already taken $19K off the original lease reisdual value to arrive at the $26,800 buyout price. The car was fully loaded, and I think the original MSRP was over $65K.
Its going to be tough walking away from so many toys built into this car!
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