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Mercedes-Benz R-Class Lease Questions

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Comments

  • First, I work with a few different leasing sources and am privy to this type of information. Second of all, the numbers I showed you are based on MBC's best rates and term for the month of April.(33mo/10k annual miles).

    The numbers you posted are correct for 36mo/15k annual miles, but not for 33 mo. MBC currently utilizes the 24 mo money factor for their 33 mo terms.

    If you want to alter your annual mileage allowance, you need to adjust the residual. For my posted numbers, you'd need to subtract 3% for 15k and 1% for 12k.
  • medphreakmedphreak Posts: 11
    Thank you for your reply and the additional information. Very helpful.
  • You're welcome - happy to help! Now, just get aggressive on the cap cost and you'll have yourself a great deal.
  • d_sired_sire Posts: 3
    Hi,

    Looking for some advice. I've leased many cars before but mostly just took advantage of the best offers I saw advertised in the newspaper. I am now looking to lease an R-350 and again was looking at the current MBZ offer which is for a $45,425 msrp vehicle, $4054 out of pocket and $509 mo + tax.

    After reading some of the previous posts this does not seem like such a great lease (all my other leases have been 0 out of pocket on infiniti, volvo and saabs). I live in Taos, NM and we have only one MBZ dealer in the state of New Mexico in Albuquerque so it's not like there's a lot of competition from other dealers either.

    What would anyone suggest as being a good course of action so I get a lease I can feel good about? I'd like to keep my car payment around $550 mo.
    Should I go to Albuquerque and just try and negotiate them down, or would I be better off going through some non-dealer, like a broker?

    Any help is greatly appreciated. thanks in advance.
  • solsatsolsat Posts: 8
    Hi There,

    I am in the market for buying a R350 AWD 4 matic and got a quote from a MD dealer at $509/month for the 33 months @10K miles without any down payments. The MSRP of the vehicle includeing the P2 pkg, 7 seat option, ipod integration etc is $53,760. Reading at the discussion forum, as you appear to be very knowledgable on this subject, would appreiciate seeking your comments and suggestions about this deal.

    Thanks in advance.
  • d_sired_sire Posts: 3
    I am no expert but that sounds like a good deal to me. What's the name of the dealer :) maybe I'll hit them up and try and get the same deal.
    Do you know what the residual is? And I am assuming you mean 10k miles a year?
  • solsatsolsat Posts: 8
    It is EuroMotors of MD. The residual is .56%. Yes, it is 10K miles a year.
  • tlecotleco Posts: 34
    Something wrong things do not ADD UP
    YOu can not lease aR350 with out any $$$ down for $509 a month
    Tell me where and I will lease 10 cars

    YOu can get 6% disocunt from MSRP and $2000 Mercedes cash. Total discount should be around $5000 from sticker.
    Even with that - you can not get a$509 a month WITHOUT money down.

    Mercedes figured very high on the residual to lease the car.
    After 3 yrs, one can buy this used care for 40% of the original cost
  • d_sired_sire Posts: 3
    I called the dealer and here's what they said:
    R-350 no metallic paint, P2 package, approx $3000 down (depends on state taxes) and about $590 mo.
    So if you can get the deal above with no money down you should do it in a hearbeat.. I would!
  • Couple things:

    With $0 down payment/cap cost reduction, they most-likely still expect 1st mo, acqusition fee, and dmv's upfront. If this is the case, ask them the exact amount of how much you'll need to write the check for at signing? When they give you a number, don't be afraid to ask them to itemize what you're paying (i.e. - dmv fees, acqusition fee, any doc/process fees etc...)

    Ask them what the cap cost (selling price) of the vehicle is?

    Get me some of that info, then I'd be happy to advise further.

    Btw... 33mo/10k residual on the 4-matic (not 2wd) should be 58%. The 2wd carries the 56% residual.
  • solsatsolsat Posts: 8
    I will get and share that information with you. Thanks for the comments!
  • solsatsolsat Posts: 8
    Here is what the delear said about the deal:

    Capcost: $53,460 (the msrp)
    Residual value at the end of the term: 59%
    Down payment:$0 (it is all covered by the discounts)
    All I will be paying from the second month is the $509 + 3% VA tax per month.

    Would appreciate your comments on these details
  • Those numbers don't add up. There is no way they can cap the cost of that vehicle at $53,760 with it's current residual and mf and get you to that payment on a 33mo/10k term (with nothing down/cap cost reduction).

    With current MBC numbers on this vehicle, the dealer would need to cap the cost (sell you the car) at around $44,900. Then, for $0 drive off's, your first mo, dmv's and acqusition fee would need to be rolled in, giving you an adjusted cap cost of around $46,600. This would yield payments right around $509/mo + tax.

    Something is amiss here.

    Perhaps there was just a misunderstanding on either your's or the dealer's part?

    The only other thing I can think of is if your dealer is offering a lease special specific to his own dealership. Regardless though, if you sign paperwork that gets you to that payment based on the terms/mileage you're expecting, it's a phenominal deal. I'd just like to see how they're structuring it.

    With tax, you'd be at ~$525/mo OTD. That's a solid lease on $54k automobile, especially with nothing out of pocket.
  • kyfdxkyfdx Posts: 27,985
    That's a solid lease on $54k automobile

    That would be an understatement... ;)

    Re: VA tax... It's 3% on the whole car, not the payment, I'm pretty sure... That would make the tax about $45-$50 per month...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Oh, that's right!! VA is one of those states where the tax the entire gross cap.
  • Where is the best place to lease a R350 ny/nj area?
  • If you're asking which dealer - I have no idea as I live 3000 miles away from you. However, once you find what you're looking for, I'm happy to help advise on any numbers they give you.
  • medphreakmedphreak Posts: 11
    Hello all -

    I have been reading the board carefully and am ready to pull the trigger on a new R class in the next week or two.....if the local dealership can find a car close to what I'd like.

    The current lease and purchase rates look great, but does anybody know what might be in store for May? I know that nobody has a crystal ball, but the money factors on the R have been dropping steadily this year and the current incentives end on April 30.

    Also, does anybody know if there are any factory to dealer incentives right now?

    Thanks for all of the information here....and thanks for any and all replies!!!!!!
  • cooler3cooler3 Posts: 1
    Where is the best place to lease R350 in So Cal? I live in San Diego area and am looking for a dealership with best lease price around San Diego and Los Angeles area. Anyone around here?
  • Start with dealer's that are close too you. Find a vehicle you like, then report back the specs and we can give you an idea of what you should pay.
  • bknycbknyc Posts: 57
    Does anyone know what the rates are for May?
  • christiandschristiands Posts: 34
    There are still some incredible leases available if you have a Chrysler Employee family member. And there is some additional negotiating that can be done. We leased at the end of April and got Black on Black R350 4Matic with P2, ipod, 7 seat, and heated seats. MSRP $55,010, $415 per mo including 6% tax, 33 mos, 10k per year, about $1,600 at signing for first payment, acq, plate, and taxes.

    If in the market for this excellent vehicle, I would see if there is anyway to qualify for employee discounted pricing.
  • bknycbknyc Posts: 57
    Do you know the pricing for non family discount?
  • a6_to_m35a6_to_m35 Posts: 43
    According to MB, there is a 5 month Pull Ahead program to get current leaseholders into new cars. That means you can get out of your lease 5 months early without penalty, as long as you go into a new MB.

    Every vehicle is included EXCEPT for th R.

    WTF?

    They have a ton of vehicles coming off lease from MY06 and a TON of MY08 that they need to sell.

    Anybody with a thought as to why?
  • bknycbknyc Posts: 57
    I don't understand that either. I have 3 mos left on an 06' R and would trade today....but don't want to take the hit!! It doesn't make sense not to have the same program?
  • ocautoseekerocautoseeker Posts: 425
    Probably have them around the 6th for you. They're pretty good right now, so I would not expect too much of a change until mid-summer.
  • bknycbknyc Posts: 57
    Do you think they will go up or down mid-summer?
  • medphreakmedphreak Posts: 11
    Thanks OC.
  • bknycbknyc Posts: 57
    Checking ot see if May #'s come out?
  • ocautoseekerocautoseeker Posts: 425
    2008 Mercedes R320 CDI RWD Wagon
    24 Month – Residual 60% of MSRP – .00120 Base Rate
    36 Month – Residual 50% of MSRP – .00150 Base Rate
    48 Month – Residual 42% of MSRP – .00150 Base Rate
    60 Month – Residual 39% of MSRP – .00330 Base Rate

    2008 Mercedes R350 RWD Wagon
    24 Month – Residual 56% of MSRP – .00050 Base Rate
    36 Month – Residual 48% of MSRP – .00080 Base Rate
    48 Month – Residual 36% of MSRP – .00080 Base Rate
    60 Month – Residual 33% of MSRP – .00330 Base Rate

    2008 Mercedes R350 4matic Wagon
    24 Month – Residual 58% of MSRP – .00065 Base Rate
    36 Month – Residual 49% of MSRP – .00095 Base Rate
    48 Month – Residual 37% of MSRP – .00095 Base Rate
    60 Month – Residual 34% of MSRP – .00330 Base Rate
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