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Invoice Price? or hidden fees?
by mjr2u
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Nov 03, 2009 (10:34 am)
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I recently received a quote from a MB dealer, and while he claimed that their price was "$200 over invoice" the math didn't add up. The invoice that he provided showed a markup over invoice of $1050. When I questioned him, he said, "The pricing you received is $200 over our invoice. When you look up the invoice via Edmunds or another website they do not show the IRG fee of $600 and our Dealer pack fee of $250." Is he being honest here, or just padding their profit margin?
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- #1015 of 1053
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Re: Invoice Price? or hidden fees? [mjr2u]
by frogger97
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Nov 03, 2009 (11:47 am)
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Replying to: mjr2u (Nov 03, 2009 10:34 am)
To answer your question, what is the model and is it 4 matic with what package? What is the MSRP and what is the sales price he quoted?
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- #1016 of 1053
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Re: Invoice Price? or hidden fees? [frogger97]
by mjr2u
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Nov 03, 2009 (12:36 pm)
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Replying to: frogger97 (Nov 03, 2009 11:47 am)
Here is a copy of the pricing details of the invoice. It is for an E550, not 4 matic. He said that he sent me this invoice to show me that they really are only marking their cars up $200 over invoice, although what he sent me isn't the car that I'm interested in, nor even the model.
Dealer NET PRICE
MODEL DESC : E550W $ 52,359
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CODE ACCESSORY DESCRIPTION
650 Arctic White
201 Black Leather
P01 P1: Premium I 4,092
298 Rear Side Airbag (Sept Prod) 381
321 321 Sport Package
230 PARKTRONIC with Parking Guidance 884
277 Sport Steering Wheel
432 Drive Dynamic Multicontour Driver Seat w/Mass 605
736 Black Ash Wood Trim
--- -----------------------------------------SUBTOTAL 58,321
025 Transportation And Handling 875
905 IRG Participation 600
053 Dealer Pack Fee 250
--- --------------------------------------------TOTAL 60,046
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- #1017 of 1053
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Re: Invoice Price? or hidden fees? [mjr2u]
by kyfdx HOST
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Nov 03, 2009 (12:54 pm)
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Replying to: mjr2u (Nov 03, 2009 12:36 pm)
The IRG Participation is an advertising charge... The dealer is correct that Edmunds invoice doesn't show those charges, as they vary regionally and by specific dealer (some dealers don't participate in the regional advertising).
Dealer Pack Fee? Maybe it is on his invoice... not sure what that is.. but, it sounds like something the dealer might get back, in the end...
I'm all for squeezing every dollar out of a deal... But, overall, I'd say this dealer is being pretty straight with you..
regards,
kyfdx
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- #1018 of 1053
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Re: Invoice Price? or hidden fees? [kyfdx]
by mjr2u
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Nov 03, 2009 (1:45 pm)
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Replying to: kyfdx (Nov 03, 2009 12:54 pm)
Thanks kyfdx! Good to know. Yes, it seems that this particular dealer is being very forthcoming. (Walter's MB in Riverside, CA). Another dealer told me that on the E350, the parktronic was NOT available as a factory-installed option, only dealer-installed. Only came from the factory on the E550 (which is totally wrong). Walter's clarified that it IS avaiable as a stand-alone, factory-installed option, and they quoted me $59,763 for an E350, P2, Leather, Driver Assist, Parktronic, Folding Rear Seats, Dynamic Driver Seat, MSRP $63,065. Beat the other dealer by $737. What's your opinion of that deal?
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- #1019 of 1053
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Re: Help [mssdivaesq]
by td_nj
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Nov 08, 2009 (5:02 pm)
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Replying to: mssdivaesq (Oct 30, 2009 8:48 pm)
In NJ - I'm going in this week to p/u my 2010 E350 4Matic, P1, sport, split rear seat, rear airbags, pano. $659/mo w/ $0 CCR; includes 7% tax. That apparently includes a $2000 credit for existing E-class lessees. Plus MB is taking back my 2007 E350 three months early w/no penalty/payment.
I feel OK about the deal; but if anyone did much better, I'd rather not know!
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- #1020 of 1053
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Re: Help [td_nj]
by endorules
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Nov 08, 2009 (5:13 pm)
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Replying to: td_nj (Nov 08, 2009 5:02 pm)
td_nj: Can you please explain your deal a little more. How much total out of pocket to drive off? How many miles a year? How many years?
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- #1021 of 1053
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Re: Help [endorules]
by td_nj
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Nov 09, 2009 (8:47 am)
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Replying to: endorules (Nov 08, 2009 5:13 pm)
Sure, sorry. It's 39 mo., with 10k mi/yr. TOP of about $2300, which is 1st mo, "bank fee" (which I think is $795) and DMV fees. Haven't picked up yet, so haven't seen the breakdown, but the number is similar to what I paid for my C300 a few months ago (other than 1st mo component), and if I recall, similar to the number when I leased my first E-class in '07.
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- #1022 of 1053
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Re: Help [td_nj]
by aeggroup
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Nov 09, 2009 (3:49 pm)
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Replying to: td_nj (Nov 09, 2009 8:47 am)
Does your payment ( $659 ) include sales tax ? It seems like not, but if it's with salestax - great deal. Make sure your dealer tells you everything upfront with no surprises at the sign in table.
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- #1023 of 1053
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Re: Help [td_nj]
by aeggroup
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Nov 10, 2009 (8:01 am)
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Replying to: td_nj (Nov 09, 2009 8:47 am)
I'm looking for similar car. If you don't mind - could you send me the name of your dealer after you'll get the deal ? My e-mail : aeggroup yahoo.com
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