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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: tarikmay (Feb 05, 2009 6:57 pm) My car has dual sunroofs (this is called panaromic, right?), navigation, power liftgate, parktronic, navigation, 6-CD changer plus one, and heated front seats. It does not have headlight cleaning, or wood steering or DVD or folding mirrors or Bi-xenon. So, I would say it has fewer features than your car. The slight edge I have is a lower odometer reading. I am in Southern California. Where are you? Does it matter? My car is not a CPO ... but I guess that's pointless since I am the first owner. Right? I feel I should not be asked to pay the retail price for this car. They have not invested in this car, have not had to market it, and are getting a buyer on a platter. They should not have this take-it-or-hit-the-road attitude - specially in this economy. At $22k, I would get it in a heartbeat. At $25k + TTL, I am not sure. Any comments??? Thanks again.
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Replying to: nm_socal (Feb 05, 2009 9:13 pm) Any comments??? Thanks again. I understand your feelings... but, if MB Finance probably figures that if they have to let the car go for true wholesale, why not sell it to one of their own dealers, who can then sell it for retail? After all, MB Finance doesn't have to market the car or find a buyer... At the wholesale price, the dealer either keeps it, or they send it to auction. They gain nothing by giving it to you for that price. I think this applies to just about every captive finance arm. They will face reality and drop the residual amount... but, if the price has to be one that a dealer will pay (auction/wholesale), then they'll just sell it to their dealer. regards, kyfdx
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Replying to: nm_socal (Feb 05, 2009 9:13 pm) I too, am concerned about maintenance costs, but LOVE the car. It might just be less of a hassle to me to consider another CPO (not R class) since I think the depreciation still has a way to go. My friend paid 20K for her R350 at an off-lease dealership. She did not have all the options I have, and had 40K miles on the odometer. Still I would like to pay less than 25K, considering the auction prices. Thanks for all the great feedback kyfdx.
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Replying to: pinerivergal (Feb 06, 2009 7:35 am) I just wanted to send a quick update. No new development. No contact, and no followup from MB Financing. The dealership called, trying to sell me a new car. They haven't come back as yet with the options regarding the end-of-lease options. My biggest concern with purchasing this car would be its post-warranty maintenance, and resale value in 2-3 years. So, unless they offer some more discount off of the residual, I am preparing to walk away. Thanks, again. Will send another update soon.
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Replying to: pinerivergal (Feb 06, 2009 7:35 am) I wonder if there's an option to buy the car NOW, and avoid the last 3-4 payments. That alone could be the difference that you're seeking, to make it an attractive deal. See if that is an option. Thanks. |
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Replying to: nm_socal (Feb 10, 2009 4:21 pm) |
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Hi, I am confused on this pay off quote which is available within few minutes of my online payoff quote request submission. it came out to be 2K more than the residual value being shown which as 31K and the Quote is 33K, , it is basic model R350 07 model, think 49K MSRP when I took the lease and has 20K miles now at the end of lease Has anyone faced similar online quote. Just wonder if the year is making this different, will call them in any case tomorrow to see as I saw most of the folks getting 17K less than the residual Any thoughts.... Also do they give some grace period to return. Cheers!!
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Replying to: nato (Feb 16, 2009 8:20 pm) |
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Replying to: kyfdx (Feb 06, 2009 4:07 am)
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Replying to: tmblweed0429 (Mar 14, 2009 8:46 pm) They knew how much they would get for the car, when they sell it directly to a dealer or at an auction. The lease return manager at the local dealership confirmed this: $19,500 - $20,500. So, why not negotiate with me for less than $25.5k, but still a lot more than they'd get anywhere else? In comparison, the dealer offered to sell me a certified (CPO) 2007 R350, with nearly the same options as mine, and the same mileage, for $26,500. It made no sense to buy mine, and at the end, I walked away. Thanks, everyone, for their contribution on this forum.
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