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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: jprescott1 (Oct 20, 2008 4:22 am) |
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Replying to: irishrogue1 (Oct 20, 2008 2:19 pm)
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Replying to: mjf415 (Oct 20, 2008 3:34 pm)
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Replying to: irishrogue1 (Oct 21, 2008 7:01 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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Replying to: cary28 (Oct 21, 2008 11:38 am) 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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Replying to: irishrogue1 (Oct 21, 2008 12:01 pm) Its going to be tough walking away from so many toys built into this car! |
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they are trying to pull one over on you.....yes they already have significantly discounted the residual quite a bit but they KNEW that they were creating situations where the residuals would be much higher than actual market values when they discounted the capitalized cost of the lease by $10-16k 2 yrs ago. dont forget that residual values are based on msrp not the discounted capitalized cost. the reality is that this model didnt sell new and is selling even worse used...we are talking depreciation from msrp of around 60% in 2 years. we need to keep hitting them over the head with auction values...they have to make rational choices at some point....
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Replying to: irishrogue1 (Oct 21, 2008 1:36 pm)
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Replying to: mjf415 (Oct 21, 2008 2:44 pm) |
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