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Mercedes-Benz R-Class Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi amcdad. I'm not kyfdx, but I do have the answer to your question.

    Mercedes-Benz Financial's May buy rate lease money factor and residual value for a 36 month lease of a 2009 R350 4Matic with 15,000 miles per year are .00175 and 46%, respectively.

    The numbers for an otherwise identical lease of an '09 R320 are .00129 and 48%.

    Mercedes is currently providing a $3,000 cash incentive on leases of the R350, but no cash on the R320.

    Car_man
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  • kinngkinng Posts: 6
    Hi all,

    I am considering leasing an R class with the premium 1 package and panoramic roof. I have spoken with a nice and (I think) very reasonable dealer and they are offering a discount of 13K over MSRP. The flip side is that the lease rate is 0.00425.

    Bottomline, for a 56K MSRP car
    - the first payment is $10K (covers taxes, acquisition everything)
    - monthly payment is $580
    totaling to ~$30,800 in 3 years.

    Does that sound about in the ballpark of decency? I am ok with paying slightly more than the best deal on earth, just not getting ripped off.

    Please help, thanks.
  • rmbalisarmbalisa Posts: 129
    to me that is crazy high from what i am paying. my 08 has an msrp of $52.5k and all I paid was $560 at inception (included first payment, fees, etc) and I only pay $450/mo for 33 months and 12k/yr mileage and includes my 9% tax. Though my money factor is only 0.00055. i know that the residual has dropped considerably from when i leased from 62% to about 40% maybe? you have to check with the dealer with that.
  • kinngkinng Posts: 6
    Thanks so much rmbalisa! Do you remember what your actual sale price was?

    The sale price I am quoted is 44,000 for a 56,500 MSRP car. The residual is 46% at 36 mo, and the lease rate is 0.00425. The drive off payment is 10K and monthly is $579!

    Would you be able to suggest how I can get a deal similar to yours. i.e under $1000 at signing and about $450/mo for a similar car. I am at a loss how to proceed.

    Thanks again. I sincerely appreciate the help I am getting here. Anxiously awaiting a response.
  • abbthe1abbthe1 Posts: 7
    $450 to $500 per month deals on R-class are long gone. It is impossible to get the deal like that right now. Having said that, $10K drive off on a lease is just crazy. You probably better off financing this car.
  • siamesessiameses Posts: 5
    Hi, car man, can you please tell me what the money factor and residual are for a 36 mo. 15000 miles lease for this vehicle.
    Is it better to wait a couple of months? And, is there any cash rebate or incentives for a lease ?
    thank you for your help
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi siameses. Mercedes-Benz ran a huge demo program at the end of June that encouraged dealers to "punch" any remaining R-Class models that they had in inventory as sold in exchange for several thousand dollars in dealer cash. As a result, Mercedes didn't feel the need to provide any lease support on the R in July. This is a terrible time to lease one. If you really want to lease an R350, wait a few months and see what happens with the program.

    Car_man
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  • siamesessiameses Posts: 5
    I will wait a little bit, thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, siameses.

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  • Hi, are there any programs with this car, anyone leasing this anymore.....i am looking to get into one if possible. thanks,
  • Hi dollar_pound. Mercedes-Benz is still providing lease support on the R350. MB Financial's current buy rate lease money factor for a 36 month lease of one is .00146. That's equivalent to an interest rate of around 3.5%, which is pretty good...but won't knock your socks off.

    In addition to this special money factor, Mercedes is currently providing a cash incentive of two grand on leases of the R350 4Matic through MB Finance.

    Car_man
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  • Hi Car man,

    Is there any incentive for buying a R350 now?! And what is money factor?! If MSRP is about $60K what would be a good deal?! Should I buy the maintenance program?! Can it be customized to what I need?! How about extended warranty for 6 yr/100K?!

    Thank you.

    nominivan4me
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited February 2010
    Hi nominivan4me. Mercedes-Benz is providing lease support on the R350 right now. MB Financial's current buy rate lease money factor for a 36 month lease of a 2010 R350 4WD is .00146. In addition to this special money factor, Mercedes is providing $2,000 dealer cash on leases of this vehicle.

    If I was in the market for an R350 right now, I personally would shoot for a selling price of as close to dealer invoice minus the two grand as possible, ultimately settling for $500 to $1,000 over invoice...or $1,000 to $1,500 under after the incentive. You can look up this model's exact invoice price over in the New Vehicle Pricing section of this site.

    I would never purchase personally pre-paid maintenance on a leased vehicle. The only maintenance that I perform on leases is changing the oil and rotating the tires and you don't even have to do that at the dealer if you don't want to.

    The same goes for an extended warranty. One of the advantages of leasing is if you do so for the right amount of time your vehicle is always covered by its original factory warranty.

    I'm not sure what you meant when you asked if the R that you want can be customized to your needs. Any factory-installed options can be fully residualized. However, you will probably have to pay for the entire cost of any dealer-installed options that you choose to add to your vehicle over the life of your lease.

    Car_man
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  • car man
    your manufac to dealer 2000 is not listed under incentives in the new car section of edmunds.
    is it still valid this month?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi obiwan1. The $2,000 cash incentive on leases of the 2010 R350 through Mercedes-Benz Financial definitely still exists. Having said that, Mercedes is scheduled to introduce a new March program tomorrow. It's difficult to say what its March incentives will be like at this point. Please feel free to check back with me in a couple of days and I'll be happy to fill you in on the latest.

    Car_man
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  • sand529sand529 Posts: 24
    Any update on the March 2010 R-Class lease factors etc?

    Thx
  • greg_r350greg_r350 Posts: 2
    edited March 2010
    Car Man,

    Thank you for your insight and information, it's much appreciated.

    I'm leasing a 2007 R350 (33 months, 27,000 mile allowance) under the same assumptions you made regarding a predictable maintenance experience when leasing - just tire rotation and oil changes.

    We were alarmed when the Check Brakes light came on in month 29 at 25,000 miles and the dealer quoted $1,400 for new brakes and rotors. When we balked the dealer explained this is not unusual for a high performance luxury vehicle and not symptomatic of abuse or excessive wear and tear. This, we were told, is a typical experience for this vehicle once it reaches the 25,000 mile mark.

    I never thought to check the fine print when entering this lease but MB says this is not covered through the basic warranty they offer on the R350.

    That said, we got an insanely low lease rate when we did this deal in the NYC area in August 2007 so when I spread the $1,400 across the 33 months I'm still satisfied with the financial aspect of this lease experience.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sand529. Mercedes-Benz Financial's March buy rate lease money factor for a 36 month lease of a R350 is .00131.

    You can either go with the lease special or finance this vehicle at 0.9% for 3 years or 3.9% for 4 to 5 years.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks Greg. Sorry to hear about the problem that you're having with your R350. Brakes are not usually a problem on new vehicle leases because under normal conditions brakes usually last much longer than 36 months. I had a leased ML350 that the brakes were fine on when I turned it in at lease-end.

    Unfortunately if your brakes do wear out during the course of your lease, pads and rotors are not normally covered under new vehicle warranties. As a result, if the brakes on your leased R350 are shot you will have to pay to repair them on your own. I have seen this sort of situation arise fairly frequently on new Honda Accords lately. They are known for having an issue with premature brake wear.

    Car_man
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  • sand529sand529 Posts: 24
    Had 27,500 on our R350 and needed 4 new brake pads which I did locally which was $450 including new MB brake pads. Also, just change all four tires as the stock Continentals were bald at this mileage. Replaced tires with Bridgestone Dueler H/L Alenza 235/65/17 at costco for $135/tire plus $70 off.
  • merseemersee Posts: 11
    I just replaced my stock Continentals also at 27K miles as they were bald too! I put on the Bridgestone Dueler Alenzas also, but paid considerably more. My R350 is an 08 with 255/55/R18. I priced them at Costco and they quoted me $904 for 4 including tax, mounting and disposal. I ended up getting them at Tire Rack for $196 each and had them mounted locally. I only have them on for a couple of days, but the tires are fantastic so far...I will be happy getting more than 27K miles out of them! Good Luck!
  • fladanfladan Posts: 8
    Hi everyone. Love this site. I've used it in the past to work out my other lease deals. It gives you such a great foundation in order to go out and help you get that deal and not get ripped off at the same time.
    With that said. I'm working on a deal on an R350. I have shopped around for about 3months and this by far is the best deal i have received by far. Let me know what you think. Thanks.
    2010 R 350 black/black
    msrp 60,515
    has every feature im looking for an is not in the dealers lot. They are bringing it in for me from another dealer.
    p1 package, sport package, panorama sunroof, heated front seats, leather/wood steering wheel, parktronic, entertainment system. Every feature and color i want.
    599 a month plus tax 39month lease/12k miles 1500 total out of pocket includes 1st months payment. Would love anyones input. Thanks.
  • sand529sand529 Posts: 24
    Seems like really good deal for a 2010. However, have you seen the 2011 yet?
  • fladanfladan Posts: 8
    Yes I have. There really nice and sporty for a change. However I know that always when a new model comes out the first year there isn't really any heavy discounting.
    Have to wait a year at least right before the 2012 comes out to get discounts on new models. Thanks for your input sand529.
  • shivrajrshivrajr Posts: 4
    Hi fladan - That seems like a very good deal. Can you tell me which dealer? I am in NJ and the best I could get was 766 (includes NJ tax of 7%) and that is for the one without Ent. system. How much are the taxes for you?
  • fladanfladan Posts: 8
    Hello Shivrajr I'm in Florida and my sales tax is 6%. When did you receive your quote???
  • fladanfladan Posts: 8
    Hello Shivrajr I'm in Florida and my sales tax is 6%. When did you receive your quote???
  • shivrajrshivrajr Posts: 4
    Last week. What was your negotiated price for the lease? It has to be quite below the Invoice.
  • fladanfladan Posts: 8
    Ok signed paperwork yesterday. its came out to 597.78 plus tax
    they up giving me a deal on the prepaid maitenance plan. Instead of 769 it was 500 so i paid that cash and didn't have it incorporated with my payment.
    I ended up getting price of vehicle for 48,795.00
    total gross capitalized cost of 51,258.00
    I have 39,000 miles for my 39month lease.
    I hope I did good:)
    Let me know if you need any info.
    Good luck!!
  • mightyjohnmightyjohn Posts: 7
    What was sticker price on this? Money down? What state is the dealer in?
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