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Mercedes-Benz R-Class Lease Questions

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  • At $24,125 - is that total out of pocket including taxes or the buyout price alone?
  • Buy out price alone. I think the original msrp was around $59,000--obviously no one ever paid this much for them originally. I had them add a navigation before I leased it so I can't remember what the exact price was after they added that.
  • the buyout on my R350 is ~$24k. I can't quite decide whether to keep it or not, so I've considered extending my lease for 6 months. However, MB Finance told me the buyout in 6 months will reflect the $38k resid from the original lease, and not the lower current offer. Does anyone know if that will actually be the case, or are they just trying to close the deal now.
  • Here are the 06 R350 numbers. Looks like the value is going down but Mercedes buyout pricing is going up.

    06' MB R350
    11/20/08 RIVRSIDE Lease $23,500 21,047 Above IRI SIL 6G A Yes
    11/20/08 RIVRSIDE Lease $23,000 42,404 Above OBS BLK 6G A Yes
    11/20/08 RIVRSIDE Lease $22,750 29,496 Above OBS BLK 6G A Yes
    11/20/08 RIVRSIDE Lease $21,250 21,966 Above PEWTER 6G A Yes
    11/20/08 RIVRSIDE Regular $21,000 24,923 Above IRI SIL 6G A Yes
    11/20/08 RIVRSIDE Lease $21,000 21,656 Above IRI SIL 6G A Yes
    11/20/08 RIVRSIDE Lease $21,000 19,101 Above BLACK 6G A Yes
    11/20/08 RIVRSIDE Lease $20,750 36,954 Above BLACK 6G A Yes
    11/20/08 RIVRSIDE Lease $20,500 30,550 Avg OBS BLK 6G A Yes
    11/20/08 RIVRSIDE Lease $19,250 34,857 Avg PEWTER 6G A Yes
    11/20/08 RIVRSIDE Lease $18,500 22,252 Avg ALB WHT 6G A Yes
    11/20/08 RIVRSIDE Lease $18,000 14,461 Avg BAR RED 6G A Yes
    11/20/08 RIVRSIDE Lease $17,000 34,096 Below PEWTER 6G A Yes
    11/20/08 OMAHA Regular $17,200 22,691 Avg SILVER 6G A Yes
    11/20/08 DFW Lease $16,500 26,965 Below OBS BLK 6G A Yes
    11/20/08 CHICAGO Regular $18,400 16,534 Avg SIL 6G A Yes
    11/20/08 ATLANTA Regular $21,500 39,811 Above IRI SIL 6G A Yes
    11/20/08 ATLANTA Lease $18,000 20,943 Avg WHITE 6G A Yes
    11/19/08 W PALM Lease $25,000 9,162 Above ALB WHT 6G A No
    11/19/08 W PALM Lease $22,000 16,057 Above BAR RED 6G A Yes
    11/19/08 W PALM Lease $21,500 20,219 Above IRI SIL 6G A Yes
    11/19/08 W PALM Lease $21,250 30,736 Above ALB WHT 6G A Yes
    11/19/08 W PALM Lease $21,000 22,829 Above BAR RED 6G A Yes
    11/19/08 W PALM Lease $21,000 15,778 Above CPR BLU 6G A Yes
    11/19/08 W PALM Lease $20,000 27,108 Avg IRI SIL 6G A Yes
    11/19/08 W PALM Lease $20,000 21,241 Avg CPR BLU 6G A Yes
    11/19/08 W PALM Lease $20,000 11,676 Avg DES SIL 6G A Yes
    11/19/08 W PALM Lease $19,000 42,627 Avg DES SIL 6G A Yes
    11/19/08 W PALM Lease $19,000 34,042 Avg CPR BLU 6G A Yes
    11/19/08 W PALM Lease $18,000 47,653 Avg IRI SIL 6G A Yes
    11/19/08 W PALM Lease $16,000 50,071 Below PEWTR 6G A Yes
    11/19/08 SEATTLE Lease $20,750 15,014 Above IRI SIL 6G A Yes
    11/19/08 SEATTLE Lease $19,250 20,672 Avg ALB WHT 6G A Yes
    11/19/08 SEATTLE Lease $19,250 20,363 Avg PEWTR 6G A Yes
    11/19/08 SEATTLE Lease $19,000 19,049 Avg IRI SIL 6G A Yes
    11/19/08 SEATTLE Lease $18,750 17,752 Avg PEWTR 6G A Yes
    11/19/08 SEATTLE Lease $18,000 14,654 Avg ALB WHT 6G A Yes
    11/19/08 SEATTLE Lease $17,500 37,997 Avg IRI SIL 6G A Yes
    11/19/08 SEATTLE Lease $17,500 24,366 Avg ALB WHT 6G A Yes
    11/19/08 SEATTLE Lease $17,000 27,944 Below BAR RED 6G A Yes
    11/19/08 SEATTLE Lease $17,000 21,924 Below IRI SIL 6G A Yes
    11/19/08 SAN ANTO Regular $21,000 16,073 Above BAR RED 6G A Yes
    11/19/08 NASHVILL Lease $19,500 15,414 Avg IRI SIL 6G A Yes
    11/19/08 NASHVILL Lease $19,250 24,132 Avg ALB WHT 6G A Yes
    11/19/08 NASHVILL Lease $19,000 24,931 Avg PEWTER 6G A Yes
    11/19/08 NASHVILL Lease $18,500 23,453 Avg IRI SIL 6G A Yes
    11/19/08 NASHVILL Lease $18,500 23,307 Avg IRI SIL 6G A Yes
    11/19/08 NASHVILL Lease $18,250 24,372 Avg BAR RED 6G A Yes
    11/19/08 NASHVILL Lease $18,000 32,250 Avg PEWTER 6G A Yes
    11/19/08 NASHVILL Lease $18,000 21,661 Avg ALP RAN 6G A Yes
    11/19/08 NASHVILL Lease $16,000 24,983 Below SILVER 6G A No
    11/19/08 NADE Regular $23,500 37,513 Above PEWTER 6CY A No
    11/19/08 NADE Regular $22,250 20,980 Above Gray 6CY A Yes
    11/19/08 NADE Regular $21,000 35,038 Above WHITE 6G A Yes
    11/19/08 NADE Regular $20,200 28,400 Avg BLACK 6G T Yes
    11/19/08 NADE Regular $20,000 43,642 Avg PEWTER 6G Yes
    11/19/08 NADE Regular $18,300 41,919 Avg PEWTER 6G Yes
    11/19/08 MILWAUKE Lease $19,250 41,070 Avg IRI SIL 6G T Yes
    11/19/08 MILWAUKE Lease $19,000 32,538 Avg DES SIL 6G A Yes
    11/19/08 MILWAUKE Lease $19,000 25,543 Avg IRI SIL 6G A Yes
    11/19/08 MILWAUKE Lease $18,000 14,536 Avg IRI SIL 6G A Yes
    11/19/08 MILWAUKE Lease $17,250 17,368 Avg ALP RAN 6G A Yes
    11/19/08 BAY CITI Regular $20,200 18,823 Avg SILGOLD 6G A Yes
    11/18/08 RIVRSIDE Lease $19,000 21,322 Avg IRI SIL 6G A Yes
    11/18/08 RIVRSIDE Lease $18,500 17,481 Avg ALP RAN 6G A Yes
    11/18/08 RIVRSIDE Lease $16,250 30,962 Below PEWTER 6G A Yes
    11/18/08 FAAO Regular $20,800 26,521 Above BURG 6G A Yes
    11/18/08 FAAO Lease $18,200 36,324 Avg IRI SIL 6G A Yes
    11/18/08 BISHOP B Regular $23,125 28,603 Above Silver 6CY A Yes
    11/14/08 MANHEIM Regular $21,900 33,709 Above BLACK 6G A Yes
    11/14/08 MANHEIM Regular $20,750 30,648 Above PEWTER 6G A Yes
    11/14/08 MANHEIM Lease $19,250 26,936 Avg ALP RAN 6G T Yes
    11/14/08 MANHEIM Lease $19,250 26,921 Avg IRI SIL 6G T Yes
    11/14/08 MANHEIM Lease $18,750 8,519 Avg BLACK 6G T Yes
    11/14/08 MANHEIM Lease $18,000 25,624 Avg IRI SIL 6G T Yes
    11/14/08 MANHEIM Lease $17,000 11,994 Below DES SIL 6G A Yes
    11/14/08 MANHEIM Lease $16,500 22,966 Below ALP RAN 6G A Yes
    11/14/08 MANHEIM Lease $16,000 13,264 Below BAR RED 6G T No
    11/13/08 MANHEIM Lease $22,750 22,542 Above BLACK 6G T Yes
    11/13/08 MANHEIM Lease $21,500 25,931 Above PEWTR 6G T Yes
    11/13/08 MANHEIM Lease $20,750 27,537 Above PEWTR 6G T Yes
    11/13/08 MANHEIM Lease $19,750 33,851 Avg IRI SIL 6G A Yes
    11/13/08 MANHEIM Lease $19,250 19,868 Avg BAR RED 6G T Yes
    11/13/08 MANHEIM Lease $18,750 24,415 Avg SILVER 6G A Yes
    11/13/08 MANHEIM Lease $18,750 11,103 Avg ALB WHT 6G T Yes
    11/13/08 MANHEIM Lease $18,750 6,986 Avg PEWTR 6G T Yes
    11/13/08 MANHEIM Lease $18,500 36,231 Avg ALP RAN 6G T Yes
    11/13/08 MANHEIM Lease $18,250 25,517 Avg IRI SIL 6G T Yes
    11/13/08 MANHEIM Lease $18,250 22,421 Avg DES SIL 6G T Yes
    11/13/08 MANHEIM Lease $18,250 17,907 Avg ALP RAN 6G T Yes
    11/13/08 MANHEIM Lease $18,250 17,111 Avg CPR BLU 6G T Yes
    11/13/08 MANHEIM Lease $18,000 21,404 Avg IRI SIL 6G T Yes
    11/13/08 MANHEIM Lease $18,000 19,216 Avg IRI SIL 6G T Yes
    11/13/08 MANHEIM Lease $18,000 15,281 Avg DES SIL 6G T Yes
    11/13/08 MANHEIM Lease $18,000 11,224 Avg IRI SIL 6G T Yes
    11/13/08 MANHEIM Lease $17,750 38,961 Avg DES SIL 6G A Yes
    11/13/08 MANHEIM Lease $17,750 33,013 Avg PEWTR 6G T Yes
    11/13/08 MANHEIM Lease $17,500 18,880 Avg BLACK 6G T Yes
    11/13/08 MANHEIM Lease $17,000 18,596 Below OBS BLK 6G T Yes
    11/13/08 MANHEIM Lease $16,250 29,563 Below BLACK 6G T Yes
    Copyright © 1996-2008 Manheim Auctions
  • My lease is due the first of December. My buyout has been $23,500. I went ahead and had the inspection done and told my advisor that the price wasn't low enough. He told me to call back at the end of the month because the cash incentive is usually changed the end of the month or at the first of the month. So I called today and to my surprise, my buyout was dropped to $20,900. I went ahead and pulled the trigger. My advice is to be patient, get a quote a month out, and then try back closer to your lease end. Hopefully you will get an even better price. Good luck to everyone.
  • Steve--That sounds like you got a great deal. I was told that I could buy my R350 when the 27 month lease ends at 40 percent of the original list price plus $150 fee and sales tax. Did you need to speak to a supervisor to get your deal? Thanks
  • I had a different story...they told me it was based off my residual. No negotiating involved - at least directly. He was clear that he couldn't do anything but punch in the numbers and see what comes up. My residual was $38,xxx and original MSRP $58,600. The original incentive was $14,900 off residual and increased to $17,500 off. He told me the higher ups look at auction pricing, number of cars turned in vs. sold to determine the price as well as your residual. I'm not sure what to believe...I either had great timing or they felt like I was serious about turning the car in and decided to cave. Most likely it was just good timing. No, I never spoke to a supervisor, but I did speak to the same agent every time but once. The $150 fee and tax is added. I would check back every so often with the same agent and get a quote and find out the incentive and ask lots of questions. I was told my buyout price would never go higher after a quote even if the incentive changed. They would honor the lower amount or if the incentive increases, like in my situation, then I could get the better buyout price. He wouldn't offer much help but answered all my questions. I found out there is a 5 day grace period after your lease is up in which to buy or turn in the vehicle. That's why I waited until the last minute to decide. Also, if you do turn it in, there is a $600 turn-in fee. I hope this info is helpful!
  • Thank you!!! I wil call Mercedes Finance early next week and post the results accordingly.
  • Wierd. I called on Dec 1 and they lowered my buyout by another $3000. The discount is now $13,500 bringing the buyout to $23,700 or so. I had called about a month before and my buyout was $10,500. Mine is an R350 which stickered at about $54K. How did you get $17,500 off? My mileage is about 21,500.
  • jayriderjayrider Posts: 3,261
    Your post on the auction prices was very interesting. Is there a site that can be accessed to view auction results for all cars? thanks
  • kyfdxkyfdx Posts: 27,881
    Only if you are a licensed dealer.. :(

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • http://www.mbworld.org/forums/showthread.php?p=3139798#post3139798

    There are auction posts for all types of vehicles at the site above.
  • I called MBF yesterday on my 2006 R500 and was quoted a payoff of $24k + tax. I was told this was a discount of $17k off of the residual, which seems about right. This puts the price at 40% of original MSRP and that is right inline with what others are posting here.
    My lease isn't due until mid-January so I'll probably wait a few more weeks and see how things change. I forgot to ask if they would do an extended warranty or "certified pre-owned" on it if i decide to keep it. I normally pass on these things, but have had some minor issues along the way and plan to keep it for another 5+ years so it might be worth the piece of mind.

    thanks everyone for all the information.
  • watkinstwatkinst Posts: 122
    I've been debating the same approach. Thinking 08 Rclass CDI with between 9K-20K on the ticker lease return - offering 28K and working from there. The dealer pricing on the used one's are way out of whack given many of these 08's were sold between 8 and 10K below MSRP to start with with zero miles. Which means that all the R's listed in the 40K range with miles on them are all over priced given the MSRP ranged from 45-50ish new.
  • Anyone can share the experience of turning in the car? I have the car in the shop for service B which is going to cost me about $700 including flushing brake fluid and they are saying i need pads and rotors which cost me about $1400!!!!!!!!

    I am totally going to get X5 instead of MB next time.
  • does anyone have an '06 R500 lease that is up in Jan? Has anyone called since Dec 9th to check on discounts? I plan to call first week in Jan...mine is up Jan 15th. I already had the lease inspection done and expect to turn it in unless the discounted buy price is close to auction values....

    Also has anyone learned anything about purchasing an extended warranty at the same time as lease buy out?
  • sussansussan Posts: 17
    I am returning my R500 first week of January. Since I have been away, I totally forgot about the DMV license fee until today. I know there is a penalty for being late since my deadline was 11/4/08. I need help with a few questions.

    1. Should I go ahead and pay that or let the dealer pay it and bill me for it?
    2. Is it true we have 5 days after the end of the lease to returne the car?
    3. Is it possible to ask for extension of a few months on my lease?
  • sussansussan Posts: 17
    Correction on my previous message #686.

    My lease expires on 2/3/09. I talked to MB today and they offered me $28688.92 for the purchase price. For the extention on the lease they want additional $140/mo.
  • pilpil Posts: 4
    Can I do better than this?

    Here are the options for the 09 R-Class

    RL 350 4Matic $46,450
    Black/ Blacl MB Tex NC
    Sport Package/ Appearance 19" wheels $1,060
    Panorama Sun Roof $1,050
    Heated Front Seats $720
    Destination & Del $875
    Total $50,155

    Thanks,
  • Irish,
    The price hasn't changed this month as far as they are telling me. I called today and the price on my R500 is $24k plus taxes or ~ $26k out the door. Let me know if you hear anything different as my lease is up Jan 15th as well.
  • im going to call tomorrow. any word on buying an extended warranty at the same time??
  • I inquired about an extended warranty with purchase from lease and was told to ask the dealer, that MBF does not sell warranties..
    Curious that you received a 24k quote for the r500, as my r350 also i quoted at 24k...
  • It seems that regardless of initial MSRP or residual, the buyouts are all being lowered to about $24K. I have a 2006 R350 that MSRP'd at $54K and my buyout is $24K. Seems somebody else had an R350 with an MSRP of $58K and their buyout was about the same.
  • I just spoke to MBF. Basically got bad news. They are only discounting me $15,236 from my stated residual of $42,035. This bring buy out to $26,999 + $150 fee. I dont think that I am keeping it.

    MBF also confirmed that any extended warranty has to be purchased through the dealership..what a great way to ensure that MB dealers get a second chance to try to fleece buyers and ensure that MB customers are unhappy....i just do not understand certain aspects of this business model.
  • prp11prp11 Posts: 1
    Hi, I'm new to the board. My '06 R350 lease came up in early April 2008. At that time I extended the lease for another 12 months (they charged me an additional $64 per month for those 12 add'l months). I read some of the posts on this board about the fairly attractive buyout quotes at the end of 27 month lease periods and thought I would find out what mine will be come this April at the end of my 39 months. I was shocked to learn that my buyout is $39,200. I asked why I wasn't receiving any of the incentives I had read about and the MBF told me it was because I had extended the lease at the end of the original lease term so I am ineligible. Now how can this possible make good financial or business sense? My car will have 39,000 miles on it at the end of the lease. Why won't they incentivize me to keep the car? Any thoughts or advice would be truly appreciated.
    Thanks.
  • jayriderjayrider Posts: 3,261
    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.
  • 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".
  • 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.
  • 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.
  • 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!
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