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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: 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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Replying to: zorogris (Jan 16, 2009 4:41 pm)
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Replying to: irishrogue1 (Jan 16, 2009 4:51 pm) |
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My car's lease will expire on 2/3/09. Is there a 5 day grace period after the expiration? |
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Greetings, dear friends. I need help. Not sure what to do. My residual is nearly $39k. Just spoke with them, and they offered to take $13,388 off, bringing the buy-off to $25,587. This offer is most likely based on the mileage I told them on the phone (6,000 less than my allowance). I could have misrepresented the number, but that is not me. I like the car, but it seems they are not being fair in their asking price. According to KBB, the trade-in values are: $22,775 (Excellent condition) ... $21,625 (Good) ... $19,675 (Fair) Edmunds: $21,351 (Trade-in - "Clean") ... $23,234 (Private party) ... $24,736 (Dealer retail) It seems I could give this one back, and re-purchase a similar car from a dealer auction for $19-22k. My biggest concerns: (a) Paying for maintenance after the warranty runs out. OR purchasing extended warranty; (b) Its resale if I decide to change it after 2 years. It will likely come down to $13-15k. (Does anyone [dis]agree with this?) They seemed firm on their offer. Is there a point if I ask to speak with a manager? What is my leverage? I need advise. Thanks.
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Replying to: nm_socal (Feb 02, 2009 12:19 pm) Definitely you can get similar car from auction at about 19K-21K. But if you can ask them to let your CA be CPO which will have another one more year warrant, then I still think that 25K is reasonable. For new one with MSRP $55000, now you can get it for about $44000. after three years, 25K is about 55% of $44000. |
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Replying to: nm_socal (Feb 02, 2009 12:19 pm) I just got my 2006 R350, I have been looking for a long time. You will never find one with Panoramic roof, memory seats, front fog lights, parktronic for less than $25K, that is if you find it at all (mainly R500 have all of these features). I paid $25.5K with cpo Panoramic roof, air suspention, rear DVD, memory heated front seats, parktronic, headlight cleanning, wood steering, power lift gate, folding mirrors, Bi-xenon and navigation. I had to have all of these features, but it was very hard to get them all in an R 350. I was lucky that I got a good color (silver on black). However, i had to sacrifice the 18" wheels, rear heated seat and accept a 42K Mi on the car. What features do you have on your current car?
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