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Comments
Thoughts on th deal?
p2: 7,850
Leather: 2,200
2nd row console: 410
heated front seats: 710
NJ Sales tax is 7%
Thank you!
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
It's a fantastic car -- whetever you decide to do (buy or lease), you are going to love your R-class. Good luck!
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
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.
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.
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.
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.
Do you know what the residual is? And I am assuming you mean 10k miles a year?
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
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!
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.
Capcost: $53,460 (the msrp)
Residual value at the end of the term: 59%
Down payment:$0 (it is all covered by the discounts)
All I will be paying from the second month is the $509 + 3% VA tax per month.
Would appreciate your comments on these details
With current MBC numbers on this vehicle, the dealer would need to cap the cost (sell you the car) at around $44,900. Then, for $0 drive off's, your first mo, dmv's and acqusition fee would need to be rolled in, giving you an adjusted cap cost of around $46,600. This would yield payments right around $509/mo + tax.
Something is amiss here.
Perhaps there was just a misunderstanding on either your's or the dealer's part?
The only other thing I can think of is if your dealer is offering a lease special specific to his own dealership. Regardless though, if you sign paperwork that gets you to that payment based on the terms/mileage you're expecting, it's a phenominal deal. I'd just like to see how they're structuring it.
With tax, you'd be at ~$525/mo OTD. That's a solid lease on $54k automobile, especially with nothing out of pocket.
That would be an understatement...
Re: VA tax... It's 3% on the whole car, not the payment, I'm pretty sure... That would make the tax about $45-$50 per month...
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I have been reading the board carefully and am ready to pull the trigger on a new R class in the next week or two.....if the local dealership can find a car close to what I'd like.
The current lease and purchase rates look great, but does anybody know what might be in store for May? I know that nobody has a crystal ball, but the money factors on the R have been dropping steadily this year and the current incentives end on April 30.
Also, does anybody know if there are any factory to dealer incentives right now?
Thanks for all of the information here....and thanks for any and all replies!!!!!!
If in the market for this excellent vehicle, I would see if there is anyway to qualify for employee discounted pricing.
Every vehicle is included EXCEPT for th R.
WTF?
They have a ton of vehicles coming off lease from MY06 and a TON of MY08 that they need to sell.
Anybody with a thought as to why?
24 Month – Residual 60% of MSRP – .00120 Base Rate
36 Month – Residual 50% of MSRP – .00150 Base Rate
48 Month – Residual 42% of MSRP – .00150 Base Rate
60 Month – Residual 39% of MSRP – .00330 Base Rate
2008 Mercedes R350 RWD Wagon
24 Month – Residual 56% of MSRP – .00050 Base Rate
36 Month – Residual 48% of MSRP – .00080 Base Rate
48 Month – Residual 36% of MSRP – .00080 Base Rate
60 Month – Residual 33% of MSRP – .00330 Base Rate
2008 Mercedes R350 4matic Wagon
24 Month – Residual 58% of MSRP – .00065 Base Rate
36 Month – Residual 49% of MSRP – .00095 Base Rate
48 Month – Residual 37% of MSRP – .00095 Base Rate
60 Month – Residual 34% of MSRP – .00330 Base Rate
Sounds pretty good...Pls advise.
Thanks
i have an '06 R500 (MSRP $64k) leased for 27mos at the height of the rebates/incentives/discounts - $520 mo. inc. sales tax, zero down other than 1st month/$795 lease acq + $900 shipping from Calif to VA.
my buy out is around $36k....i expect retail prices by fall to be under $30k....prices are already at $30-34k...the reality is that no MB dealer is going to want these off lease cars back on the lot. they couldnt sell them the first time and they wont be able to sell them a 2d time....
Wish there was a greater program on this car or even something else out there to buy. Also have an 08' E350 4matic and an 07' CLK 550 Cab...always been a Mercedes fan but this time I might have to find something else.
Thoughts?
Any feedback is really appreciated.
Anyone worked out a lease extension? I've heard it's possible with MBFin, but the dealers will tell you it's not since they want to sell you into a new car. Love to know any details or strategies!
they want $34k for your '06 R500? what was the orig sticker? what is your stated lease buy out ( im thinking it is $34k...)? Are you getting out early or is your lease up?
that price looks to be close to retail for an '06 R500 from dealers looking to move those cars off the lot. with a sagging economy, i suspect that prices will be headed towards $25-28k by mid summer. I dont think that $34k for a 2 yr old R500 is a bad price...it likely stickered for $58-64k 2 years ago. with all the cash off towards the end of '06, you could have purchased it for $45 - 48k.
perhaps try calling MB and inquire about extending your lease by 3 -6 months. see what monthly payment they offer and what it does to the residual buy out. i really do not think that any dealers want these used Rs on their lot right now and MB must know that.