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Mercedes-Benz R-Class Lease Questions

740 messages,  Last post on Aug 11, 2009 at 1:52 AM

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What is this discussion about? Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV


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#663 of 740
Re: '06 R350 auction numbers [stevesmer] by irishrogue1
Oct 30, 2008 (1:35 pm)
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Replying to: stevesmer (Oct 30, 2008 11:34 am)

steve,
 
thanks for pulling those r350 auction numbers from wendy. i didnt get a chance to get back over there....
 
as you can see, your buyout quote is right in line with the wholesale values for R350s.
 
What does not make sense is why anyone would spend that much for the 350 when the 500 can be had for another $1-2k....i would have expected that the R500 would be more desired now that it is no longer imported into the U.S. Not to say that the 350 isnt a good car, but the 500 never lacks for power even when pulling its 5000lbs around town or at speeds in excess of 80mph.....I really do not understand how anyone could choose a big luxury SUV over this car....the infinity and lexus cannot hold a candle to the ride or performance and the R has nearly as much interior volume.
#664 of 740
Reply to my buyout by jprescott1
Nov 03, 2008 (7:52 am)
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To answer the above I called the 800 number listed on the website for MB finance. I told the lease rep that I was going to buy a different R500 from another dealer unless she could convince me not to. I complained about my residual. She asked for milage and I told her I took a dealer demo with 6000 miles and added the allowed 27k miles over the lease term. She said $25,500 not including tax. This was quoted just under 3 months out. There is no final inspection. I just cut a check. I don't know if my mile estimate had an impact on the price but I really only have a total of 20k miles on it. I think this is a great deal and will go for it. Only road block is high maintenance wife who wants a Q7.
#665 of 740
by fq1
Nov 03, 2008 (8:27 am)
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Time for a new wife ...one that wants a Ferrari!
#666 of 740
Nov R350 - payoff quote by stevesmer
Nov 06, 2008 (8:22 am)
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In Oct my payoff quote was $23,500 for my 2006 R350. I just spoke to MB today and they said the incentive has gone down and my payoff would be $25,400. But they would still honor the first quote from October. Has anyone else called recently? Are you getting the same info? Thanks.
#667 of 740
payoff quote [stevesmer] by irishrogue1
Nov 06, 2008 (1:28 pm)
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Replying to: stevesmer (Nov 06, 2008 8:22 am)

it seems strange that the 350 payoff would go up $2k...i just got off the phone with a rep at MBF who was very helpful. he did state that the prices did just go up by a few hundred dollars on the 500. he indicated that MBF will "never" sell at true wholesale - presumably this would too greatly undercut their dealers selling used cars at retail. and probably takes into account that most people either dont know about buying at auction and/or dont know how to get someone to buy for them since most of us are not used car dealers. That said, MBF sells above wholesale and below retail off lease - this makes sense since (1) they already should have made money on the lease and (2) since non MB dealers buy at auction, why would they want to forgo selling cars for just above auction prices rather than taking less at auction and just having a fraction of those cars going to their dealers. I still do not understand why MBF does not sell or floorplan off lease cars directly to their dealers that want them (or maybe they do....). The other point is that MBF would prefer that off lease customers lease a new MB and not buy their off lease vehicle - ideally off lease vehicles get marketed to a lower economic demographic.
 
In any event, i got offered a cash price of $26,275 inc. tax (with no remaining lease payments). My lease has two more months so i am going to wait and gamble that the price will go down a bit more. i cannot see auction prices increasing in the winter given continued economic turmoil and the fear of higher taxes and a deeper recession in '09.
#668 of 740
Re: payoff quote [irishrogue1] by lklein1
Nov 07, 2008 (7:39 am)
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Replying to: irishrogue1 (Nov 06, 2008 1:28 pm)

MB financial finally came down from the original reduced $28,900 buyout for my R350 to $24,125. I am going to go ahead and buy it. I know I could do better at auction and actually have a friend who could buy for me, but I like all the options my car has and since i just had a baby last week I don't feel like dinkin' around to save a few thousand more. I'm totally conent on what my total out of pocket for all lease payments and purchase price is for the car. Thanks to everyone who provided info on getting the deal done.
#669 of 740
Re: payoff quote [lklein1] by irishrogue1
Nov 07, 2008 (7:44 am)
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Replying to: lklein1 (Nov 07, 2008 7:39 am)

still a great price for this car all things considered.
#670 of 740
Re: payoff quote [lklein1] by stevesmer
Nov 07, 2008 (12:47 pm)
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Replying to: lklein1 (Nov 07, 2008 7:39 am)

At $24,125 - is that total out of pocket including taxes or the buyout price alone?
#671 of 740
Re: payoff quote [stevesmer] by lklein1
Nov 08, 2008 (9:16 am)
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Replying to: stevesmer (Nov 07, 2008 12:47 pm)

Buy out price alone. I think the original msrp was around $59,000--obviously no one ever paid this much for them originally. I had them add a navigation before I leased it so I can't remember what the exact price was after they added that.
#672 of 740
payoff or exteding the lease by dan0909
Nov 21, 2008 (3:42 am)
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the buyout on my R350 is ~$24k. I can't quite decide whether to keep it or not, so I've considered extending my lease for 6 months. However, MB Finance told me the buyout in 6 months will reflect the $38k resid from the original lease, and not the lower current offer. Does anyone know if that will actually be the case, or are they just trying to close the deal now.

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