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Prices Paid: Buying & Leasing Experiences Mercedes-Benz R-Class Lease Questions
618 messages, Last post on Aug 18, 2008 at 8:08 AM
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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 10:03 pm) |
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Replying to: howard2dot0 (Jun 08, 2006 10:03 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 11:53 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 7:44 pm) Wayne
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Replying to: qkslvr (Jun 10, 2006 8:24 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 1:44 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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Replying to: qkslvr (Jun 11, 2006 8:53 am) Please let me know how the tax credit works. I am in IL that also has the same unfair lease tax structure as TX and would like to know if that might apply here. What's the 1% fee on and how does it affect the saes tax? Thanks!
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Replying to: qkslvr (Jun 11, 2006 8:53 am) I just emailed Sugarland MB and told them that the "cargo net" guy from the Woodlands sent me. Let me run something by you. If they can find a base R350 with no options at MSRP $48775, then should I offer them the following terms? Sales Price: 48775-10000=38775 Sales Tax: 6.25%=2423 Cash Down Payment: 0 Lease Term: 27 months Residual: 73%=35606 Money Factor: 0.00285 Miles/year: 10000 ------------------------------------- Monthly Payment: $371.13 Does this look right?
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Replying to: fq1 (Jun 11, 2006 11:20 am) From what I understand, the leasing companies in Tx are allowed to use any excess or unused trade-in credits against new car purchases. So they allow the dealers to apply the trade in against the leasing company's purchase. The dealer charges a 1% fee to give you the credit. |
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