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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 - If I could ask, I'd like everyone's opinion on these terms. Black on Black R350 MSRP - $56,115 Sell Price - $49,115 $0 down - just first payment and acquisition fee 27 Months 12K per year $602 per month. Residual of 72% (based upon the 12K/year vs. the 10K/year offer??) 1. I think the discount of $7,000 can be improved upon (average over the past month is $8,864 on this board) 2. I have a number here on the quote they copied for me of 285, which I assume is the money factor. I think that can be improved upon as well. Separate topic, but in addition to this, I am thinking of moving my Lexus as well and going with an E Class. If I do, I should expect a higher than average discount (~$9,200??), shouldn't I? In fact, my sister's husband is interested in an E class as well, if we buy 3, should get a great deal, right? May be a bit convoluted and I won't even get too much into the trade in situation (I'd make more selling myself - probably $5K more -is it bad to ask them to meet me towards the middle? but not sure I want to wait through June as the lease deal may be gone on the R Class - it's no longer on the Mercedes Website. Also, have a game plan where they can meet me in the middle and the saleswoman said they would probably sell my Denali on their lot as it is nice looking and trucks are moving in this area.) So, in summary - I have that deal above on the board. By itself, is it good or bad or can be improved a bit? What are your thoughts on if I buy a 2nd vehicle (or bring in a 3rd buyer)? Even greater deal, right? Any insight into trade-in negotiations would be helpful as I've been leasing most of my life and not sure I want to sell myself. I hope someone has some insight if this is good/bad or can be improved upon. Thank You in advance for your comments and assistance.
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Replying to: qkslvr (Jun 01, 2006 1:53 pm) If MB pulls the string on these 5k rebates and everybody getting 10,000 off MSRP, things will look pretty bad for the R class down the road. But if you can lease a 55k R class for not much more than a fully loaded Chrysler Pacifica, you might was well get an R class.
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Replying to: rjlaero (Jun 06, 2006 3:53 pm) |
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According to Edmunds, MB dealers in my area (77381) has a lease deal below. Is this a good deal? $499 Monthly Payment 27 Month Term $1100 Down Payment NA Security Deposit 10000 Annual Mileage Restrictions: Lease is based on the 2006 R350 equipped with optional premium package. Dealer may contribute $1,668.32 towards the $499 payment. Comments: $2,394 ia due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement. Tax, tags and insurance are extra. |
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Replying to: howard2dot0 (Jun 08, 2006 9:03 pm) |
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Replying to: howard2dot0 (Jun 08, 2006 9:03 pm) We are neighbors, that's my zip also! I just bought the r350 for my wife 4 weeks ago. The deal you are looking at is the MB standard discount for May/June with an MSRP of $53K. My car stickered at $57K, I put $2340 down at $599 month. They gave me a tax credit of $3500 also. Contact me if you want more details, but you can do better than what you saw online.
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Replying to: qkslvr (Jun 09, 2006 10:53 am) How did you buy a $57k car with $599 payment? You must have a stellar credit score? What can I do to get a better deal than what's online? I am dying to know.  BTW, I was in MB North dealer and they said the monthly would be $499+6.25% sales tax.
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Replying to: howard2dot0 (Jun 09, 2006 6:44 pm) Wayne
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Replying to: qkslvr (Jun 10, 2006 7:24 am) Thanks for the info. I'll drive to Sugarland soon. I am fairly new to leasing. I leased a $30,000 Nissan Quest for $410/month with no money down 3 years ago and I was looking to lease another minivan (Honda Odyssey) for $309/month with $3200 down until I saw this MB special. I couldn't believe I could lease a $55,000 car for just $90/month more! My question is: how often do these companies offer a lease deal like this on luxury cars? (There is even a $399/month lease on Volvo XC90.) If I pass this R350 deal up now, will I ever see something like this again in 2 or 3 years?
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Replying to: howard2dot0 (Jun 10, 2006 12:44 pm) we looked at the xc90 also, but we couldn't pass up this deal on the r350. This leasing deal is so attractive because the residual is high (70-73% depending on annual mileage ), discount is great ($5k-10K off MSRP), tax credit is available (pay 1% fee to eliminate 6.25% tax) and money factor is low (.00285). Our payments would have been $20 lower with 10k miles per year, but we went with 12k miles per year. I did all my negotiations thru email, then went down to the dealership, had them find me the car I wanted, and signed the papers that day. Whether things change in 2-3 years depends on the auto market in general. The R350 inventories have been high, hence the big discounts and lucrative lease deals.
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