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Mercedes-Benz R-Class: Lease Questions

740 messages,  Last post on Aug 11, 2009 at 1:52 AM

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What is this discussion about? Mercedes-Benz R-Class, Mercedes-Benz R63 AMG, Car Leasing, Wagon, SUV


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#695 of 740
Re: Really high lease buyout quote [prp11] by jayrider
Jan 09, 2009 (8:25 am)
Reply

Replying to: prp11 (Jan 08, 2009 7:37 pm)

Wait until the lease is almost over --- they don't want to hear from you now. Your car will probably auction out in the low 20's then so they may be more interested in offering you a deal. If they don't, walk away knowing that MB took a big hit on projecting depreciation on your car. You are the winner in this deal -- big time. That's why you lease instead of buying. When April comes around, they will be singing a different tune so relax and enjoy your R.
#696 of 740
Re: Lease buyout qoute on R500 [irishrogue1] by zorogris
Jan 10, 2009 (10:02 am)
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Replying to: irishrogue1 (Jan 08, 2009 11:47 am)

Irish, that is a little strange. I just got the docs from MBF with the buyout numbers and this is the skinny:
 
Orig. MSRP $63565
Orig. Residual $41952 (66%)
 
Current Residual $24391 (38% and/or ~$17500 off original residual depending on how they present it to you.)
 
Total out the door $26636 (WA sales tax of 9.1%)
 
I only have 24k miles on it and I just don't know where I would find this nice of a car for that price (especially when I know the history) so we have decided to keep it. Thanks everyone for all of your help. If you need anything, post here and I will respond to "pay it forward".
#697 of 740
Re: Lease buyout qoute on R500 [zorogris] by irishrogue1
Jan 12, 2009 (1:57 pm)
Reply

Replying to: zorogris (Jan 10, 2009 10:02 am)

zoro,
 
did you request docs when you spoke to MBF?? i got an email quote (high) to my MBF online account and a slightly lower quote by phone ($15236 off my residual of 42,035). More than one person has now posted a discount of $17,500 off their residual for an R500.
#698 of 740
2006 R350 MSRP $62k Residual $38k. 27-mon lease ends March. Buy it??? by nm_socal
Jan 12, 2009 (11:14 pm)
Reply
Friends:
 
I am also in the same situation as many of you. Like the car very much, and would like to buy it off at the right price. How should I go about negotiating it? How much should I expect to pay?
 
2006 R350. MSRP $62k Residual $38k. 27-mon lease ends March '09.
 
Is the price based on the mileage? I drove much less than the allowed 15k miles per year.
 
Financing through MB finance.
 
Also, should I consider getting extended warranty? How much will it cost? Can I get it from 3rd parties? A friend is high-up at Honda and can arrange a good deal. Would that be recommended?
 
I'm based in Southern California. Thanks.
#699 of 740
Re: Lease buyout qoute on R500 [irishrogue1] by zorogris
Jan 13, 2009 (1:46 pm)
Reply

Replying to: irishrogue1 (Jan 12, 2009 1:57 pm)

irish,
I got the quote after talking to them on the phone first. They came right out with the $17500 off of residual. After he gave me the quote I asked them to send the paperwork so I hope that helps. Personally, I would call them back and tell them you want the same $17500 off that others are getting or no deal.
 
good luck!
#700 of 740
Re: 2006 R350 MSRP $62k Residual $38k. 27-mon lease ends March. Buy it??? [nm_socal] by jayrider
Jan 13, 2009 (1:47 pm)
Reply

Replying to: nm_socal (Jan 12, 2009 11:14 pm)

Latest auction prices are $20-$22k average 1-2k above average. Below average 17-18k. They appear to be dropping.
#701 of 740
Re: Lease buyout qoute on R500 [zorogris] by irishrogue1
Jan 13, 2009 (1:51 pm)
Reply

Replying to: zorogris (Jan 13, 2009 1:46 pm)

i m calling them tomorrow and flat out asking for 17500 off.
#702 of 740
Re: Lease buyout qoute on R500 [irishrogue1] by jayrider
Jan 14, 2009 (8:38 am)
Reply

Replying to: irishrogue1 (Jan 13, 2009 1:51 pm)

Just be respectful--- make your offer and if they say no talk to the sales manager and if he/she says no communicate with the owner.
#703 of 740
Re: Lease buyout qoute on R500 [jayrider] by pepe11
Jan 14, 2009 (12:47 pm)
Reply

Replying to: jayrider (Jan 14, 2009 8:38 am)

Out of curiosity, how can talking to a sales manager or even an owner of a MB dealership help in a lease buyout transaction? I thought MBF is a finance arm of MB and completely separate from dealers.
#704 of 740
Re: Lease buyout qoute on R500 [pepe11] by irishrogue1
Jan 14, 2009 (1:35 pm)
Reply

Replying to: pepe11 (Jan 14, 2009 12:47 pm)

well, i called and was very nice.....(no there is no manager or owner to talk to at MBF remarketing).
 
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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