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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
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Hi, I'm new to the board. My '06 R350 lease came up in early April 2008. At that time I extended the lease for another 12 months (they charged me an additional $64 per month for those 12 add'l months). I read some of the posts on this board about the fairly attractive buyout quotes at the end of 27 month lease periods and thought I would find out what mine will be come this April at the end of my 39 months. I was shocked to learn that my buyout is $39,200. I asked why I wasn't receiving any of the incentives I had read about and the MBF told me it was because I had extended the lease at the end of the original lease term so I am ineligible. Now how can this possible make good financial or business sense? My car will have 39,000 miles on it at the end of the lease. Why won't they incentivize me to keep the car? Any thoughts or advice would be truly appreciated. Thanks.
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Replying to: prp11 (Jan 08, 2009 7:37 pm) |
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Replying to: irishrogue1 (Jan 08, 2009 11:47 am) Orig. MSRP $63565 Orig. Residual $41952 (66%) Current Residual $24391 (38% and/or ~$17500 off original residual depending on how they present it to you.) Total out the door $26636 (WA sales tax of 9.1%) I only have 24k miles on it and I just don't know where I would find this nice of a car for that price (especially when I know the history) so we have decided to keep it. Thanks everyone for all of your help. If you need anything, post here and I will respond to "pay it forward".
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Replying to: zorogris (Jan 10, 2009 10:02 am) did you request docs when you spoke to MBF?? i got an email quote (high) to my MBF online account and a slightly lower quote by phone ($15236 off my residual of 42,035). More than one person has now posted a discount of $17,500 off their residual for an R500.
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Friends: I am also in the same situation as many of you. Like the car very much, and would like to buy it off at the right price. How should I go about negotiating it? How much should I expect to pay? 2006 R350. MSRP $62k Residual $38k. 27-mon lease ends March '09. Is the price based on the mileage? I drove much less than the allowed 15k miles per year. Financing through MB finance. Also, should I consider getting extended warranty? How much will it cost? Can I get it from 3rd parties? A friend is high-up at Honda and can arrange a good deal. Would that be recommended? I'm based in Southern California. Thanks.
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Replying to: irishrogue1 (Jan 12, 2009 1:57 pm) I got the quote after talking to them on the phone first. They came right out with the $17500 off of residual. After he gave me the quote I asked them to send the paperwork so I hope that helps. Personally, I would call them back and tell them you want the same $17500 off that others are getting or no deal. good luck!
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Replying to: nm_socal (Jan 12, 2009 11:14 pm) |
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Replying to: zorogris (Jan 13, 2009 1:46 pm)
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Replying to: irishrogue1 (Jan 13, 2009 1:51 pm)
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Replying to: jayrider (Jan 14, 2009 8:38 am)
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