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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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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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Replying to: pepe11 (Jan 14, 2009 12:47 pm) they held firm at a discount of $15,236 even when i told them that others have gotten 17,500 off (38% residual). the only thing i can think of is that they adjust residuals customer by customer based on the individ lease terms not solely on current market value and msrp.... for those who dont remember i leased in what was close to the "perfect storm" thanks to a handful of folks on this board who coordinated and shared info and I had the best no BS dealer/saleman a person could ask for - MSRP = $62,740 Cap Cost = $46,240 discount $16,500 Drive-off amt = $1,372.56 ( Ca State Title Transfer fee = $15.00, 1st month payment = $508.81, MBF Bank Fee = $795.00, Ca dealer documentation fee = $45.00) 12k miles per year 27 months = $508.81 + tax Money factor = .00400 Residual = 67% / $42,035.80 with the offered discount of $15236 my adjusted residual percentage is 42.7% after 27 mos. including the interest component for 27 mos, i am paying $41,300 for a car (+$750 shipping from CA when new) that listed for $62,700. I purchased outright for my mother the identical car at the same time for the cap cost of $46,240....clearly I cannot complain...BUT I could turn this car in and pick one up at auction for $23-24k inc auction fees....but the add'l 2-3k to buy my car ensures that I get a creampuff with no issues, no dents, no accidents, driven gingerly for only 20k miles....sigh.... how many days after the lease ends can i hold the car before buying or turning it in??
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Replying to: irishrogue1 (Jan 14, 2009 1:35 pm) |
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as i was fast running out of time, i placed my last call to MBF yesterday (lease is up today).....again they tried to up my buyout by a few hundred....fortunately they did back down to the quote they gave me a few days ago (see above post). Lease Residual = 67% / $42,035.80 - at lease end with the add'l offered discount of $15236 my adjusted residual percentage is 42.7% after 27 mos. at the end of the day, i cannot complain about paying a bit over $41,000 for a $62k car (including financing for 27mos). the car has under 20k miles and is in perfect shape save one door ding and a need for new rubber all the way around. Dealer quotes for extended warranty are a rip off compared to GM extended warranties (apples and oranges i know but still). 2years 75k $3542.00 or 100k $4605.75 /2012 3years 75k $4071.00 or 100k $5313.00 /2013 considering the car still has factory warranty for 1.75yrs or 50k miles, not great options.
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Replying to: irishrogue1 (Jan 16, 2009 12:39 pm) 
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