Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

Mercedes-Benz R-Class Lease Questions

1568101116

Comments

  • irishrogue1irishrogue1 Member Posts: 127
    ...yup. i leased one for under $600mo before taxes, $1300 out of pocket which included acq fee (+ local sales tax). my mother drove it once and i called the dealer and got another identical one for her...this car is/was a no brainer with the incentives. you cant touch anything else even close to this for high 40s well equipped. would i have paid $60k+ for it?? probably not. it was only too much money becuase it isnt perfect. they missed the mark on a few things that are annoying. but i wouldnt have hesitated in the low 50s. so take it a few grand under $50k and the only regrets should be those people who didnt pull the trigger and get one OR worse those who pulled the trigger early and paid alot more......
  • martinfmartinf Member Posts: 121
    I agree with you completely! W.I. Simonson's internet manager is a great guy to deal with and he gave you a great deal! I just hope these cars stay "sleepers" so that we can lease 2008 R500's with similar deals. The key to our lease deals was the large factory to dealer cash that "prepaid" a large portion of our residual costs.
    On another note, I read a posting some time ago about someone re-negotiating their lease prior to lease end and paying only the depreciation portion as his lease payment for a one year extension. Does anyone else have any experience about renegotiating lease extensions or lease-end buyouts?
  • aleksisaaleksisa Member Posts: 11
    (I also posted under "MB R-Class: Prices Paid & Buying Experience - my apology for double-cross-posting)

    hi all, happy thanksgiving everyone

    What are your thoughts on the following?:
    07 R350 with Pewter/Black MB Tex. With [P01] Package, [R44] 17" Wheel Package, 873 Heated Front Seats
    MSRP $49,400, willing to sale for 45,400...

    with 0.000850 MF, and with 50% residual for 12K miles for 48 months my calculations show monthly payment of 470$ (sales tax+fees+tags+security deposit are on me)

    Any room for improvmenet here?

    Appreciate the input,
    Greg (Maryland)
  • r500buyerr500buyer Member Posts: 2
    2007 r500 with Premium 2 only
    $572 + TAX
    $3800 Drive Off including first month's payment
    .00085 money factor

    What do you guys think?

    Thanks for your input on this.
  • sharmahwsharmahw Member Posts: 4
    I am being offered in NJ: 2007 R500 with premiumII package, 12K/yr mileage, 36 months, $815 (tax included), $835 for 36 months, 15K/yr. What should I counter with for 12K/yr mileage? Please advise ASAP. Thanks
  • joecicakjoecicak Member Posts: 5
    It's a 10K lease, 27 months, 499/mo/$4000 due at signing on an R350 with Premium 1 package and heated seats.

    Is this a good deal or should they come down more?
  • martinfmartinf Member Posts: 121
    What is the MSRP and what is the capitalized cost of the vehicle (i.e., what is the discounted price you are "paying" in this lease - others are reporting discounts of $4000 to $6000)?
    Unless you are reasonably certain that you will only be driving 10,000 miles/year, you may want to consider increasing the mileage allowance to 12,000 miles per year. The difference in price may only be a drop in residual value of 1%, roughly $600. Over a 27 month lease, that works out to roughly 13 cents per mile (22,500 miles vs. 27,000 miles; $600/4500 miles= $.13). If you go over your allowance miles, you will pay about double or 25 cents/mile.
  • martinfmartinf Member Posts: 121
    There were similar Mercedes incentive lease specials on 2006 R350's this past summer and fall, and virtually every dealer was beating those deals significantly (roughly $100/month less than the Mercedes national advertised rate at the time). What discount from MSRP is the current Christmas lease special based upon? Others are reporting $4000 to $6000 off MSRP. I know the MF is unbeatable (almost unbelievable) at .00085.
  • brianintnbrianintn Member Posts: 7
    I'm new to leasing through MB finance. I would like to hear from all of you all that have leased and turned in a car at lease ent to MB Finance.

    My questions is how tough are they on "excess wear and tear"? Is it really as simple as the credit card test. Also, from those of you that have gone through the process what am I missing that might not be covered by the CC test other than glass?

    Any and all information is appreciated...

    Thanks!
  • r500buyerr500buyer Member Posts: 2
    Thanks for the tip on mileage -- you are definitely right, I should pick something more realistic, like 15K.

    What is the FICO required for mercedes tier 1 leasing throught MB financial? How tough is it to get tier1?
  • trojan88trojan88 Member Posts: 6
    Are there still the same type of deals out there on the R class. I just got back from the LA autoshow and I really liked the R. I am planning on buying / leasing by the end of the month -- do the dealers still have any 2006 -- and are the 2007s going for similiar deals ??
  • tomtomtomtomtomtom Member Posts: 491
    Dealers here in N. Cal are offering a couple thousands off invoice for the 06 models
  • bkatzmanbkatzman Member Posts: 2
    '07 R350
    Alpine Rain, Ash MB TEX
    Premium Package 1
    Heated Front Seats
    18" Wheels package R41
    Parktronic
    Sticker $51,060 incl $775 delivery+Prep
    Sell $42,060

    10k miles/39 Months = $455 + NY Tax = $495/month
    Zero down.
  • trojan88trojan88 Member Posts: 6
    I think you may be able to get a lower monthly by going with 27 month. I don't have the exact number for the 39 month lease -- but with the 27 month you get 67% with 12,000 miles. But maybe you would rather go longer ?

    The sales price sounds great -- Has anybody gotten similar deals in So. Cal ??
  • trojan88trojan88 Member Posts: 6
    Does anybody have the lease rates for (27 or 36 month lease):
    A) any of the 2006 leftovers; need R350 and or R500 residuals and money factors
    B) Residuals and money factors for R350 2007

    Trying to make a purchase in the next week, but I am not sure what to expect in terms of prices and so on. Also, what is the current price on the 2007 R350s ??

    Please help
  • tomtomtomtomtomtom Member Posts: 491
    Saw a 06 R350 in N. Cal (Fremont), MSRP around $62K, will sell for $56K according to the sales.
  • trojan88trojan88 Member Posts: 6
    Went to a dealer today who had a 2006 R500.

    MSRP is 63,000 - sales price was 48,000 (that was a beginning number)

    Against my better judgement, I was ok with $3,000 down (1st month, acquisit. and license fee NOT included)

    They told me the residual on a 27 month lease is 39850 (or 63%) and I have Tier 2 credit (I know - not great, but also not the end of the world).

    We could not even come close on the payments ??? They were talking $600+ range (not including taxes) and I was in the $300 range ???

    Are they trying screw me ? Do they not want to lease these cars any more ? Am I making a mistake in my lease calc. ??
  • brianintnbrianintn Member Posts: 7
    mbworld.org under their lease thread has a dealer that posts residual's and money factors that based on my recent lease are very accrate....

    MBworld Forum
  • psdesertgeekpsdesertgeek Member Posts: 1
    Can anybody please post them for Tier 1+ credit. I am looking to get one this week and want to make sure what the lowest rates currently are. I could trust what the dealer tells me or... ;)

    Thanks in advance
  • trojan88trojan88 Member Posts: 6
    I saw the dealersheet of how the advertised special in the 2007 R class is made up. They use .00085 as the money factor (need a very high score for that).

    If you can find a 2006, you should still get a better deal than on the 2007 (if you plan on purchasing after the lease, you should go with a 2007).

    For good credit the money factor will be high at .004 -- BUT here is what they are offering (my money factor is .00485 - Tier 2 - not sure if they can offer any better):

    2006 R500 with limited options -
    retail at 60,400 --
    27 month and 15,000 per year --
    with $3,000 down plus drive off we were talking payments in the $550 range (plus taxes)

    I think that is probably better about what I would be able to do on a 2007 R350. It's a strange deal -- the capital reduction is only about $5000 and the interest is all the rest - but who cares...
  • gpmangpman Member Posts: 1
    Does anyone know the leasing rates for the R classs that began on January 9th? I'm looking for a R350 or R500 if the difference isn't much.
  • nextnext Member Posts: 6
    Hi, I've never leased anything before, and even looking through this thread, I'm not sure of several things. Could someone help me with this lease dea?
    '06 r350
    Price with doc and acquisition fee: $49,019
    39 month lease
    $712 (tax included)a month, $712 drive off(includes, all fees and tax plus the first month)

    A couple of questions: why did they quote 39 months? is it because there is a major service at 36month?

    In the 'rate/money factor' calculation, "1.7" was used. I'm sure I'm in tier 2 or 3 credit at worse.

    Does this seem like a good deal?

    Thanks. jim.
  • martinfmartinf Member Posts: 121
    Bad deal. Look at the postings from July and August. There is a lot of information there. You should be in the $500/month range on a 27 month lease (which is actually less expensive than the 39 because of the big discount)
  • readyalreadyreadyalready Member Posts: 22
    I think the screaming deals from the fall/ Dec. might be gone, the residuals have fallen and the money factor/buy rates are up. If someone can find a fairly loaded R500 in the 500/month range please tell me where and I'll ship it in.

    The mf/buy rate is now pretty good on the 07s, you may do better to find someone who will deal on a 350.

    To answer your question about 39 months, it is the same benefit that makes 27 months better than 24, the residual percentage is the same for those three months so you only pay interest for 3 months which lowers the payment for the term.
  • michigan1michigan1 Member Posts: 4
    I am looking at a R350 with a 39 month lease, 25,000 miles/year. The MSRP including delivery is $52,600. Cash due at lease signing is approximaetly $1,100 and the dealer roles the acg fee into the monthly payment. I am being quoted $925/month and not sure if this sounds like a good deal. The dealer states they are giving me $1,600 off from the MSRP and this is the best they can do. Does this sound right? I also need to decide if I should role the dice and wait until February to see what happens with residuals and money factors. Does Mercedes typically role out incentives this time of year? Any thoughts?
  • readyalreadyreadyalready Member Posts: 22
    I don't think that $1600 off MSRP is a good deal at all, I think the best deal someone has posted was closer to 8-9k off MSRP for an 07, I think there is someone on ebay advertising $5koff. I think Mercedes is starting to have incentives as evidenced by the very low money factor, I think more will come but don't know how long they will take. I would do a little more shopping if I were you and check other dealers in your area or nearby states.
  • nextnext Member Posts: 6
    Denver dealers are giving around 5k off msrp. Got a couple of quotes in denver:

    r350 with P1, heated seat, etc.
    msrp ~52k
    zero down, 12k, 39m, $640/month (tax included). They pick up the first month.
  • michigan1michigan1 Member Posts: 4
    Has anyone purchased a vehicle from a dealer that is too far away to handle the service needs of a vehicle? I have no problem driving a few hundred miles to pick a car up, but what happens when I need service and a loaner car? Will my local dealer be receptive to working with me?
  • martinfmartinf Member Posts: 121
    I have a 2006 R500 that I internet shopped in the L.A. area. I got a local San Diego dealer to match. I would try that first. Having said that, I have a 2005 Jaguar X-type that I bought from Jaguar of South Bay (Torrance, CA, about 100 miles from home), and I have only had the vehicle serviced locally at the only San Diego Jaguar Dealer. They have been absolutely courteous and have never even asked me why I bought elsewhere. In a nutshell, I would try to get your local dealer to match your best price. If they won't, I wouldn't worry about the local dealer not servicing your vehicle. Under warranty, the dealers get reimbursed very well by the factory by anything that needs attention. The only "discrimination" I have found is my local Benz dealer provides C280 loan cars only to customers who have bought their vehicles there. Everyone else gets an Enterprise Rent A Car - not a terrible consequence. Good luck and work the dealers!
  • ddouinddouin Member Posts: 2
    not sure what terms are like but at holloway benz greenland nh (sister dealer in manchester nh) as of a few weeks ago had few r500s left and sales manager very eager to move.
    I got lucky in sept, mine is loaded, $67k, 12k year, one pay
    $12k out the door, not a nicke more for 27 months. good luck, exceptional car for the $, almost makes me feel a little dirty...
  • balancesheetbalancesheet Member Posts: 25
    I have been trying to lease a 07 R350 with navi and dvd but so far the numbers I have been quoted are significantly higher than what I have read in prior posts (similar car but the monthly payment is several hundreds higher). Am I missing something or it is simply market driving. Any input would be approciated. Thanks.
  • michigan1michigan1 Member Posts: 4
    I just signed a lease on a new 07 R350. Options include; pewter paint, PO1, front and rear heated seats. Sticker was $49,995. 39 month lease, 25,000 miles per year with a payment of $877/month. That includes 6% Michigan sales tax. That was the best deal I could find.
  • balancesheetbalancesheet Member Posts: 25
    Thanks for your reply. I am not sure how much mileage would affect lease payment but I don't need that much miles per year so hopeful my payments can be substantially lower than your or I don't think I can afford this car. BTW, how much was the selling price? Were you able to get it below invoice? Thanks.
  • bkatzmanbkatzman Member Posts: 2
    That seems high... Here was what i got when i leased 6 weeks ago - '07 R350, Alpine Rain paint, P01 package, Front Heated Seats & Parktronic - 10,000 miles per year, no money down, taxes (8.025%) in the monthly payment - $497.41/month for 39 months. Sticker was ~$50,100. Lease was based on sell price of ~$45k. I paid only 1st month, $795 origination fee + Tax and Tags - drive out was ~$1,650.
  • michigan1michigan1 Member Posts: 4
    I should have mentioned above that my payment due at signing was $1,080 (including my first months payment of $877). The typical acq. fee is included in the $877/month payment. I was only able to get $1,900 off sticker of $49,995. That was the best deal available from two separate dealers. Also, the extra miles in the lease actually cost $.20/mile over 12,000 if included in the lease. The dealer stated they are $.25/mile if not paid until the car is turned in at the end of the lease. I know I drive at least 25,000 miles/year so I bought them upfront. I don't know if this is the best deal out there. I shopped two dealers that were in reasonable driving distance and had to make my decision based upon those deals. Love the car! Hope this helps.
  • sirmoogsirmoog Member Posts: 4
    Hi,
    I'm new here, have read through all the posts, but not seeing much in the way of lesees with 15,000 mi/year. We're looking to purchase an '07 R350 and would like to know what kind of deal we should be expecting. Anyone with a 15,000 mile/year lease, or experience, please let me know. Thanks!
  • miguelrmiguelr Member Posts: 1
    07 r500. Premium 2, heated seats, keyless go, appearance package, lighting package, voice recognition, 15k miles per year, 27 months, 2100 upfront, 788/month.

    thanks!
  • martinfmartinf Member Posts: 121
    What is the MSRP, your discount off MSRP, and the Money Factor? It is hard to evaluate your deal without this info.
  • franktopiafranktopia Member Posts: 3
    07 R350, P1 + DVD Nav + Dealer DVD + heater seat ~ 51,000.

    $1000 out
    Dealer paid my last month payment $800.

    Good Deal?
    Look like the sales person took 1000 off the car for Negociated price around $50,000.

    I think I got screwed..
    :(
  • vtraudtvtraudt Member Posts: 52
    I am from Brighton, MI. May I ask where you got your R class from?

    Volker
  • vtraudtvtraudt Member Posts: 52
    I am in love with CDI. Has anybody already experience how they lease? I am looking for monthly rate with zero down, 15,000 mls/year.

    Volker
  • amirasamiras Member Posts: 20
    Hi guys! I'm ready to pull the trigger on a R350 (looking for P1 and heated seats) and I would like to know what is the best deal out there. I saw some people get up to 9K down from MSRP. Is that still the case? If not, what's considered a good deal at this point? I'm in VA so if someone has anybody to recommend in this area, feel free!!
    Thanks in advance,

    Angel
  • vtraudtvtraudt Member Posts: 52
    I have not seen firm numbers yet, but my dealer in Ann Arbor, MI told me the R350 leases currenlty REALLY good, while the 320CDI substantially worse. He told me a typical 350 lease is $450, compared to more like $700 for the CDI !!!

    Volker
  • amirasamiras Member Posts: 20
    I've got MB's numbers for March. 24 months, 10k/yr: residual 65% money factor .00040. These are really good numbers but I still don't have the selling price. I read on another forum that people were getting them priced under invoice but I would like to hear a recent experience from a buyer.
    Thanks,

    Angel
  • vtraudtvtraudt Member Posts: 52
    I received today:
    R350 Barolo Red,Macademia Leather
    Premium 2 pkg.
    18 in. wheel(all season)
    cargo cover
    and heated seates.

    $56960+
    $775 destination deliver
    totaling$57735

    39month 15k miles
    $648+tax/mnth and $1750 due at signing(includes fist payment and fees).

    Money factor stated as 0.00085

    My own excel sheet lease calculator shows $738.82 without taxes (how can I add them in? Just add 6%?), using full MSRP, 52% residual, 0.00085 money factor (2.040.

    Massaging the negotiated price (discount off MSRP) to match the $648/month w/o taxes results in an negotiated price offer of $54,310 (discount $3,425)

    I was expecting:
    $5,000 of MSRP
    0.0007
    52% Residual

    I am in MI, Ann Arbor area.

    Please comment on above.

    What discounts off MSRP are currently out there?
    What money factors have you been quoted?

    Volker
  • vtraudtvtraudt Member Posts: 52
    The R350's suspension is too soft (lots of leaning in turns, break dive, somewhat not-precise steering response).

    This is further aggrevated since we here get the "L" version (or extended version)which ads space and results in a longer wheel base. The regular (European) version is not available here, but is slightly firmer.

    To overcome this "cushy" ride (reminds me a little of the Chevy Capric boat), thankfully, Mercedes offers the air suspension.

    Problem: I have NOT been able to locate one to drive it. My dealer (Ann Arbor) told me that it would have to be ordered, wait time 90-180 days (not nice if I had to order, but certainly impossible to wait for a test drive first).

    Have you out there seen similar "rareness" of this option?

    I am in MI, Lansing, Brigton, Ann Arbor, Detroit area.

    Volker
  • mlocamloca Member Posts: 15
    I was just at Holloway Benz in Greenland NH. We were looking at the R350 with MSRP 55,000.00. The lease was 5K down and 581.38 a month for 27 months with 12K miles a year and a residual of 35,200(64% residual). The money factor was .0004. Upon leaving the dealership they had a CDI they could "promo" and drop off the 5K cap reduction.
    Your deal seems insanely good. We want that one. So $12k upfront for 27 months, 12k miles/year on a $67K MSRP? Nothing else? Any information you can give would be appreciated.
  • ac3ac3 Member Posts: 12
    I have been offered the following. Is this a good deal?

    $598.5
    39 months
    15K mile per year
    MF .00085
    Cap Cost $47,018

    Inceptions total $1,888.30 (no cap cost reduction)

    Car is equipped with P1, Navigation, Rear Ent., front heated seats and metallic paint. This is a demo with 4k miles on it
  • ac3ac3 Member Posts: 12
    I should have noted that the MSRP for the car is 53,850 but I did not get the residual but assume they are using the standard % from MB Finance.
  • atomiclushatomiclush Member Posts: 1
    Hi there. How is everyone getting the R500 at $12K for 27 months??? I must have contacted about a dozen dealers across the country and all of them have basically told me that I'm nuts. This would be perfect for my family, but we need this deal to stay in budget. Any pointers??? Please help!!! Thanks in advance.
Sign In or Register to comment.