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Mercedes-Benz R-Class Lease Questions

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  • fladanfladan Posts: 8
    sticker on vehicle was msrp 60,515
    total out of pocket that included 1st months payment was 1500.
    State is Florida!!
  • dadofdadof Posts: 8
    Sounds like a really good deal. Could you please tell me the name of your dealer?
  • cscowdencscowden Posts: 1
    Car_Man,

    What are the current lease rates and residuals for the R-Class? Any incentives currently with MBUSA?

    Thanks
    Chris Scowden
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, cscowden. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 R350 4Matic with 15,000 miles per year are .00028 and 45%, respectively.

    Car_man
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  • vman187vman187 Posts: 1
    I think you got a fantastic deal. I'm in the process of trying to lease the very car and can't seem to get anywhere near the numbers you are showing. I'm in Florida and would like to do business at the dealer that cut you the deal if you can tell me where that is.
    Thanks,
  • Does anybody have their residual price on 2007 and or 2008 R320 CDI? Or better yet, do you know what lease returns are selling for at Manheim?

    Looking to buy a 2007 or 2008 R320 CDI with mileage below 50K and just trying to get another reference along with TMV.

    coup
  • wtoshwtosh Posts: 1
    Hi, car man. I am hoping to lease a new R350 bluetec in the next week or two. I have been unable to find exactly what I want in a 2010 and may be forced to buy the new 2011. If the dealer has to place an order for the car (since they don't seem to be receiving the bluetecs yet), is it unrealistic to expect to be able to negotiate any significant discount under msrp? If I were to lease a 2010 R350 bluetec right now without everything in it that I am looking for, are the current incentives and lease rates such right now that the savings would be just tremendous, and ridiculous not to do? Please advise! Thank you!
  • The June MF was .00028? As in 0.67 APR?

    I ask because I am comparing MF so that I can pull trigger on a 2010 or 2011 R350 when MBF has the best offer. I have a window of August through November and took a peak at June and July and saw your MF post of .00028.

    Thanks for your time.
  • 4matic4matic Posts: 1
    edited September 2010
    So I just signed up for a lease today in LA and I think I got a good deal, but don't really know for sure. Car is a 2010 R350 4Matic with P1 package, MSRP of 56,985 and I got them to come down $7,115 to $49,870. $1,500 of this was from an incentive for current Audi owners, so they only came down $5,615. MF was .00028 and residual was 48% for 10K miles and 36 month term. I was surprised by the acquisition fee of $1,095, $300 over what MB has on their web site ($795). The guy at the dealer said that it was because we were in California, but I don't know and I feel like I left some $ on the table here. Also, I assume that the residual # of 48% is correct for a 36 month lease and 10K miles. Carman, can you confirm? Total cap cost including acq fee was $50,965. My monthly before tax and no additional cap cost reduction came out to $677.82 before tax.

    I looked at a 2011 R350 and while the residual was 56% for same terms, the MF was .0028, a lot higher than what I could get for a 2010.

    At a certain point a lease is just a math problem and the drivers of a good deal are residual, MF and dealer discount from MSRP. Carman, can I at least confirm that the residual of 48% and the acq fee are correct for this deal? What is your opinion about the discount from MSRP? Any comments welcome from the forum as well.
  • Hi wtosh. As you suspected, dealers are usually more willing to negotiate discounts on vehicles that they physically have on their lots than they are on ordered vehicles. Having said that, I don't think that you should settle for full MSRP either. You should be able to negotiate some sort of discount on your ordered R.

    The residual values on the 2011 R are better than they are on the 2010 model, but Mercedes is not providing any lease support on either of them right now.

    You would however be leaving a whopping $6,500 dealer cash on top of whatever additional dealer discount you would be able to negotiate on a leftover 2010 R on the table by ordering a brand new 2011.

    Car_man
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  • Mercedes' September buy rate lease money factor for the R350 is 00165. That is equivalent to an interest rate of just under 4%.

    Car_man
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  • sand529sand529 Posts: 24
    Can you post the October or the Nov lease factors for the R-Class?
  • Hi sand529. Mercedes just published its new November lease program yesterday. I'll check around and see if I can get a copy of it so that I can provide you with the latest info for the vehicle that you're interested in. Please post a reminder in this discussion for me and I'll fill you in on what I have been able to find out for you.

    Car_man
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  • Reminder, thanks.
  • i reverse calculated based on their website offering and it comes to 56% and .2400 mf for 10k miles...
  • Hi all,

    I am returning my R-Class after the lease ends in 2 month. How is Mercedes with lease returns. I am below the miles in my contract with 3000 miles. The car was serviced at the dealer for the first service and then had an oil change at a shop which specializes in Mercedes a year later. Will this be a problem. Are they forgiving or will it depend on the dealership I am returning the car to. If I don't get a godd deal on a new lease, I will have to return the car and wait. Any advise will be appreciated.
  • Carman,

    Appreciate all the info. It looks like during the Winter Event, the residual is really high on R class. Something like 55%. I don't know if that is right. I'm looking at an R Class. Do you have the November lease money rates and residuals. It is looking like a great time to lease.
  • Residuals For 15,000 Miles A Year:

    24 Months - 56%
    30 Months - 54%
    36 Months - 53%
    42 Months - 47%
    48 Months - 42%
    54 Months - 39%
    60 Months - 37%

    Money Factor for all terms is 0.00165.
  • Thanks dealz, looks like a pretty good money factor and residual, especially considering its the new body style.
  • Sand529, Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 36 month lease of a 2011 R350 4WD with 15,000 miles per year are .00165 and 55%, respectively.

    Car_man
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  • Hi shermar76. I have always found Mercedes-Benz to be fairly reasonable when evaluating the condition of vehicles at lease-end. The fact that you had your truck services somewhere other than a Mercedes dealer, and who could blame you with the prices that they charge, probably won't be a problem. It wouldn't hurt to keep the receipt for the oil change if you have it, but again I really don't think that it will be an issue.

    Car_man
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  • solsatsolsat Posts: 8
    Dear Car_man,
    My existing lease of 33 month, 10K miles per year for R350 4 Matic is coming to end next month. The current residual value of the vehicle is $31.5K. This vehicle has P1 and P2 pkg with ipod and 6 cd changer etc. I have called MB Financial service last month to see if they offer any discounts for extending the lease or buying the vehicle. No luck.
    Was wondering to hear your opinion about the optimal pricing for this vehicle, if I have to buy it or extend the lease. Thanks in advance.
  • That is an excellent question, solsat. I'm usually more familiar with the new car market than the used car market. You may want to try looking up your R over in the Used Vehicle Appraiser that is available here at Edmunds.com.

    Car_man
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  • solsatsolsat Posts: 8
    Thanks Car_man for your prompt response. Per the used vehicle appraiser, the trade-in-value is $31K, private party is $34K and retail value is $37K. Was wondering if you can share your experience on whether MB USA gives any discounts on Pay-off pricing?
  • You're welcome, solsat. I've heard that MB Finance isn't really all that flexible on leased vehicles' end of term purchase option prices, but it definitely does not hurt to give them a call and see if they'd be willing to work with you if you're interested in buying your vehicle. You don't have anything to lose by trying.

    Car_man
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  • rk2k2rk2k2 Posts: 1
    Hi I'm looking to lease a 2011 R Class and was wondering what the residuals and money factor are for April 2011, 3 years and 15k/yr lease. Also, is there conquest cash or other incentives available for April? Thanks.
  • traderbtraderb Posts: 33
    hey car man, do you have the May rates for a 36 and 48 month lease, 12k/year on an R350. thx
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey traderb. Mercedes-Benz Financial's May buy rate lease money factor and residual value for a 36 month lease of a 2011 R350 with 12,000 miles per year are .00198 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48 month lease are .00198 and 43%.

    Car_man
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  • traderbtraderb Posts: 33
    Car_Man, I didn't get around to it in May, can you update me on the June rates please.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey traderb. Mercedes is not providing lease support on the R-Class any longer. As a result, if you were to lease one through Mercedes-Benz Financial, you will have to use its standard lease money factors, which vary by region but should be around .00250 or so for consumers who qualify for its Tier 1 credit tier.

    The R's residual values are exactly the same in June as they were in May.

    Car_man
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