Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
the expiration?
This offer is most likely based on the mileage I told them on the phone (6,000 less than my allowance). I could have misrepresented the number, but that is not me.
I like the car, but it seems they are not being fair in their asking price. According to KBB, the trade-in values are:
$22,775 (Excellent condition) ... $21,625 (Good) ... $19,675 (Fair)
Edmunds:
$21,351 (Trade-in - "Clean") ... $23,234 (Private party) ... $24,736 (Dealer retail)
It seems I could give this one back, and re-purchase a similar car from a dealer auction for $19-22k.
My biggest concerns:
(a) Paying for maintenance after the warranty runs out. OR purchasing extended warranty;
(b) Its resale if I decide to change it after 2 years. It will likely come down to $13-15k. (Does anyone [dis]agree with this?)
They seemed firm on their offer. Is there a point if I ask to speak with a manager? What is my leverage? I need advise. Thanks.
Definitely you can get similar car from auction at about 19K-21K. But if you can ask them to let your CA be CPO which will have another one more year warrant, then I still think that 25K is reasonable. For new one with MSRP $55000, now you can get it for about $44000. after three years, 25K is about 55% of $44000.
I just got my 2006 R350, I have been looking for a long time. You will never find one with Panoramic roof, memory seats, front fog lights, parktronic for less than $25K, that is if you find it at all (mainly R500 have all of these features). I paid $25.5K with cpo Panoramic roof, air suspention, rear DVD, memory heated front seats, parktronic, headlight cleanning, wood steering, power lift gate, folding mirrors, Bi-xenon and navigation. I had to have all of these features, but it was very hard to get them all in an R 350. I was lucky that I got a good color (silver on black). However, i had to sacrifice the 18" wheels, rear heated seat and accept a 42K Mi on the car.
What features do you have on your current car?
My car has dual sunroofs (this is called panaromic, right?), navigation, power liftgate, parktronic, navigation, 6-CD changer plus one, and heated front seats. It does not have headlight cleaning, or wood steering or DVD or folding mirrors or Bi-xenon. So, I would say it has fewer features than your car. The slight edge I have is a lower odometer reading.
I am in Southern California. Where are you? Does it matter?
My car is not a CPO ... but I guess that's pointless since I am the first owner. Right?
I feel I should not be asked to pay the retail price for this car. They have not invested in this car, have not had to market it, and are getting a buyer on a platter. They should not have this take-it-or-hit-the-road attitude - specially in this economy.
At $22k, I would get it in a heartbeat. At $25k + TTL, I am not sure.
Any comments??? Thanks again.
Any comments??? Thanks again.
I understand your feelings... but, if MB Finance probably figures that if they have to let the car go for true wholesale, why not sell it to one of their own dealers, who can then sell it for retail? After all, MB Finance doesn't have to market the car or find a buyer... At the wholesale price, the dealer either keeps it, or they send it to auction. They gain nothing by giving it to you for that price.
I think this applies to just about every captive finance arm. They will face reality and drop the residual amount... but, if the price has to be one that a dealer will pay (auction/wholesale), then they'll just sell it to their dealer.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I too, am concerned about maintenance costs, but LOVE the car. It might just be less of a hassle to me to consider another CPO (not R class) since I think the depreciation still has a way to go.
My friend paid 20K for her R350 at an off-lease dealership. She did not have all the options I have, and had 40K miles on the odometer. Still I would like to pay less than 25K, considering the auction prices.
Thanks for all the great feedback kyfdx.
I just wanted to send a quick update. No new development. No contact, and no followup from MB Financing. The dealership called, trying to sell me a new car. They haven't come back as yet with the options regarding the end-of-lease options.
My biggest concern with purchasing this car would be its post-warranty maintenance, and resale value in 2-3 years. So, unless they offer some more discount off of the residual, I am preparing to walk away.
Thanks, again. Will send another update soon.
I wonder if there's an option to buy the car NOW, and avoid the last 3-4 payments. That alone could be the difference that you're seeking, to make it an attractive deal. See if that is an option.
Thanks.
I am confused on this pay off quote which is available within few minutes of my online payoff quote request submission. it came out to be 2K more than the residual value being shown which as 31K and the Quote is 33K, , it is basic model R350 07 model, think 49K MSRP when I took the lease and has 20K miles now at the end of lease
Has anyone faced similar online quote. Just wonder if the year is making this different, will call them in any case tomorrow to see as I saw most of the folks getting 17K less than the residual Any thoughts....
Also do they give some grace period to return.
Cheers!!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
They knew how much they would get for the car, when they sell it directly to a dealer or at an auction. The lease return manager at the local dealership confirmed this: $19,500 - $20,500. So, why not negotiate with me for less than $25.5k, but still a lot more than they'd get anywhere else?
In comparison, the dealer offered to sell me a certified (CPO) 2007 R350, with nearly the same options as mine, and the same mileage, for $26,500. It made no sense to buy mine, and at the end, I walked away.
Thanks, everyone, for their contribution on this forum.
I too, am going to walk away. When I started looking at what I could get for 25-30K, I can get a CPO Infiniti or Audi that has 2 more years warranty on top of the original offered, so it doesn't make sense to me to buy my R when I will be at 39 months in June. A local Infiniti called up MBF and my payoff at 36 mos was $37K, and they were still interested in doing the deal! Seeing as I have to replace the tires at $800+, it's a no brainer to walk away.
Doesn't change the fact that I've loved driving this car for 3 years. And that these boards have been invaluable. Thanks everyone, also!
Do you have the lease factors/residuals/cash incentives for May for the R350 and the Bluetec R320? Looking at 36 months/15k miles. Thanks!
I have '07 R350 with p2 and navi. Mileage is 20K.My 27mo lease ends in July 09. Residual is $35k but MBF offered me $30k
Is there anyone who knows recent auction price? and 30k is reasonable price?
Thanks!
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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.
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.
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
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
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
Host
Prices Paid: Buying & Leasing Experiences Forum
your manufac to dealer 2000 is not listed under incentives in the new car section of edmunds.
is it still valid this month?
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thx
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.
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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.
Have to wait a year at least right before the 2012 comes out to get discounts on new models. Thanks for your input sand529.
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!!