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Mercedes-Benz R-Class Lease Questions

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Comments

  • bknycbknyc Posts: 57
    Agree on the candy to a child. Currently have an 06' R350 and will be replacing it with an 08', love it, however it's a 3rd car and we really don't need more miles.
  • bknycbknyc Posts: 57
    Not sure of the $ factor . $673 includes tax and $1985 out of pocket includes; 1st month's payment, acq fee and motor vehicle fees.....

    Thoughts on th deal?
  • hamomhamom Posts: 13
    Hi..I am looking at a 33 mo lease, 15K miles a year, P2 package...6 passenger seating,. I want to do no money down...accept fees and taxes. I live in NJ...what is a "good" deal for this. We went to Prestige in Paramus yesterday and they are giving me numbers tomorrow...based on April numbers since that is when we would be "doing the deal". Can someone help with where my numbers should be to be considered a "good deal".. Thank you!
  • Tell me what the exact MSRP is and what your local sales tax rate is, and I'll run some numbers.
  • hamomhamom Posts: 13
    msrp: 44,600...not including desitination or any of that
    p2: 7,850
    Leather: 2,200
    2nd row console: 410
    heated front seats: 710

    NJ Sales tax is 7%

    Thank you!
  • Assuming this vehicle does NOT have metallic paint, the total MSRP should be $56,595 and carries and invoice of ~$53,000. A cap cost of invoice should be easily negotiated plus, Mercedes is offering an additional $2,000 in lease cash incentive. Thus, you should have an adjusted cap cost around $51,000.

    Mercedes has a $795 lease acquisition fee that can either be paid upfront or rolled into your lease payments. This vehicle carries a 55% residual based on 15k annual miles and has a buy rate money factor of .00065 for the 33 month term you specified.

    w/o acqusition fee: $655.59 + 45.89 (tax) = $701.48/mo

    w/acqusition fee: $680.20 + 47.61 (tax) = $727.81/mo
  • OR ... you could buy it outright for 1.25% like I did with virtually the same monthly payment and not worry about 15K miles per month and re-upping in 33 months. And on a purchase you should be able to negotiate down to $51,000 easily -- if not lower. It wouldnt hurt to ask what their rates are for purchase. I was quoted 1.9% and negotiated down to 1.25%. That's practically free money in my book.

    It's a fantastic car -- whetever you decide to do (buy or lease), you are going to love your R-class. Good luck!
  • bknycbknyc Posts: 57
    Did the $ factor change for April on the Rs and what is it? Is there a pull forward program for the R?
  • 2008 R350 RWD

    Best term:

    33 Mo - Residual 56% - .00035

    2008 R350 4-Matic

    33 Mo - Residual 58% - .00055

    You'll have to contact Mercedes-Benz of North America about early termination options. 1-800-367-6372
  • medphreakmedphreak Posts: 11
    I was curious where you found these numbers. The factors published on another website for April were:

    2008 Mercedes R320 CDI RWD Wagon
    36 Month – Residual 52% of MSRP – .00135 Base Rate

    2008 Mercedes R350 RWD Wagon
    36 Month – Residual 50% of MSRP – .00065 Base Rate

    2008 Mercedes R350 4matic Wagon
    36 Month – Residual 51% of MSRP – .00085 Base Rate

    Thanks. I have been circling the R for a while....waiting for the factors to bottom.
  • 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.
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