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Also, did the money factor go down? Noticed a figure of 0.00185 on another message.
Thanks for all the help so far.
Just picked up a lightly optioned R350 - HK, sunroof, power rear quarterlights - Capri Blue w/Macadamia tan leather interior (this was the exact colour combo the better 'alf wanted and the only available vehicle locally - hence the lack of options)
The Nitty-Gritty:
Tampa Bay MB
12k/27 month
MSRP: $52144
Sale Price: $40000
MF: 0.00295
Residual: 68%
Tags/title/misc: $216 (rolled into lease)
Money out the door: $681
Monthly lease payment $458 + tax
Dealer Fee: $599 (rolled into lease)
Acquisition fee: $1095 (rolled into lease
The only thing I was a bit skeptical about was that they charged me $1095 acquisition fee - I read $795 on the MBUSA site and even argued the point for a few minutes before I just threw in the towel. Their computers had been down sporadically for the whole morning so we were getting very tired of the 68° showroom. I'm pretty sure that I got an OK deal - better alf is very happy and if I can unload her Saab wagon we should have the lease payments covered until month 20.
I had been working the salesman since Sunday when he'd quoted me for 27/10k - $43k and change sale price w/$599 down/$599+tax per month. After reading this thread last night I surmised that $40k was doable and simply sweated the salesman and his manager until about 11:50am (10 mins before the noon expiration of the September incentives). Not sure how much smoke the salesman was blowing up my *rse but I simply stuck to my guns and said $40k sale price, 1st month down only and throw in the Ipod hookup. I capitulated on the Ipod but still feel good about the deal.
Thanks to all for your invaluable contribution - a perfect storm beats a hurricane any day :P
$15k off sticker
27mo/12k
$580mo.
cash at signing $1090
Car_man
Host
Prices Paid Forum
what about changes in MF??
I am having real trouble finding a "loaded" vehicle. Average MSRP has been about $64-68K. Any ideas friends?
I want the payments to stay at or around $500.
Help!
$52,700
$4500 down
59% residual
.00158 MF
39mo, 12K
$638 payment with taxes.
Not a great deal by this board's standards.
Any advice is appreciated.
as for your deal, they quoted a MF below what MB is offering. i assume they can do it by making it up in cash at signing - which clearly they are doing with $4500 down. the residual looks correct. the 4500 clearly isnt buying down the monthly payment. is 52,700 the msrp?? post the msrp and the amount they are taking off msrp and somebody will run #s for you i m sure. or just find a lease calculator on line. edmunds.com has a good easy one. the long and short of it is you are looking at a bad deal....
here are resids/MFs for '07s -
2007 R350 4dr Wagon
24 mo/15k mi – Residual Value 66% of MSRP – .00165 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00165 Base Money Factor Rate
48 mo/15k mi – Residual Value 50% of MSRP – .00165 Base Money Factor Rate
60 mo/15k mi – Residual Value 44% of MSRP – .00370 Base Money Factor Rate
The deal offered was MSRP, I assume. This was their initial quote(in a conversation with my wife), so haven't begun negotiating. Using a lease calculator, the $638 is accurate lease payment with the specifics i included.
I'm wondering what a resaonable starting point is for negotiating the price of an '07 -- especially if there are no factory incentives. What do you think?
Another question, if i find a dealer in TX or CA will most dealers ship cars long distances? What is the approximate cost?
Thanks again for your help.
Help!
2006 R500 executive car with 3000 miles (never titled). options include Parktronic, wood steering wheel, comfort package, Entertainment package, heating package, Auto air suspansion, Multi-contour seats, Panoramic roof, DVD nav, Sirius & keyless go (whew!).
MSRP is 66,000 and sale price is 52,000.
MF is .00435. Residual values are $44,789 for 12K miles per year and $43,452 for 15K miles. Monthly costs are are 750 per month for 12K miles and 800 per month for 15K. One pay leases are $17,300 for 12K and $18,500 for 15K. out the door for first month's payment, title & DMV fee.
Is this a good deal? Do I have a basis for further negotiation? Thank you for all comments.
Noticed swirl marks, sales asst who delivered said no problem.
Took to dealer, FJ LV, they made me pay and wait for FJ CA to reimburse detailed, swirls still there.
Sales agent in CA said to bring to my own detailer (one of best in town ) to see if he could do anything.
If not, told me to let him know and....?
Not sure.
Very unhappy.
Advice? What recourse do I have?
CA dealer acknowledges was delivered that way.
MSRP 63,865
Selling price 49,865
1095 Acquisition fee down
27 mo
12k
MF .00410
67% Res
626 monthly
Our only requirement is the panoramic roof. Can't find any "Base" models left..anywhere. Tried Fletcher Jones, Walnut Creek and Beshoff
Advice or direction would be appreicated.
Thanks everybody.
also forget base models as best i can tell. most have msrps of $63-66k.
Not the best deal I have seen on this thread but we are really happy!!
Got the panoramic roof and plenty of options to make the deal sweet.
Here it goes:
2006
R500
MSRP 62,600
12K
27months
682 plus first month drive off (inc. DMV)
$525.06 per mo
Would highly recommend CALIBER MOTORS in Anaheim Hills! They do have some 2006 left and they are dealing.
Good luck.
MSRP 65,685
Sale Price 49,950
MF .0360
Residual 67% (44,008)
1095, DMV, 1st month - out the door costs
Monthly 560 + tax
Dealer still had 10 -15 06 R500s, lots of 2007s
Also their current inventory of new cars is accessible on autonation.com and was helpful in finding available cars.
but i stil dont understand how your drive off was under $795 at a minimum unless they "recovered" it as part of the lease (no a lot of room when they go $15k+ off msrp).
Terms:
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
Same terms for 27 mth
2006 R Class 4dr Wagon R350
24 mo/15k mi – Residual Value 66% of MSRP – .0025 Base Money Factor Rate
36 mo/15k mi – Residual Value 56% of MSRP – .00295 Base Money Factor Rate
48 mo/15k mi – Residual Value 46% of MSRP – .00295 Base Money Factor Rate
60 mo/15k mi – Residual Value 38% of MSRP – .00370 Base Money Factor Rate
2006 R Class 4dr Wagon R500
24 mo/15k mi – Residual Value 65% of MSRP – .00295 Base Money Factor Rate
36 mo/15k mi – Residual Value 55% of MSRP – .00295 Base Money Factor Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00295 Base Money Factor Rate
60 mo/15k mi – Residual Value 37% of MSRP – .00370 Base Money Factor Rate
link title
He has been right on the $ when it comes to lease terms, and everything about leasing for that matter, for ALL makes and models. Check out his credentials in the introduction page. He is also very active on other forums, e.g.
link title
He has also confirmed MB's "bank fee" of $795, and that saved me at least $300 from all the dealers that wanted to charge me $1095 or above. My dealer faxed me the MF in 8/2006, and was a carbon copy of the terms that Tarry posted in the MBworld forum.
So, tell the dealers that they are blowing some smoke and Fletcher Jones still has plenty of 2006 R's in stock. If not, Laguna Nigal will take away FJ's busniess anyday, and vise versa.
Talk to their internet new car sales department and ask them to fax the MB lease terms for 2006 R-class. If you sound serious and ask them a ton of questions about their inventory, they will fax it to you, even though I beieve it's probably against MB's practices.
Assuming a R500 with ~MSRP of $67k and invoice at $63.5k, with $10K, 67% residual, 12k/yr, 0.00185 for one pay, the total payment with all inception fees (taxes, bank fees, dmv, etc) is about $12.5k. Man, that's the perfect storm. How much longer can MB do this?? :confuse:
ill try downtown LA, flethcher or laguna
thx
Just a tibit, when you talk to DTLA Motors internet department, you must have patience, and ask a lot of questions regarding their remaining R500's, e.g. colors, options, and then ask them to FAX you the MF and Residuals with MB letterheads. That's how I got it, and that's how I end up buying it there.
at least the dealers were being straight with me.
the one decent sales guy i was dealing with and ready to buy from hasnt gotten back to me all day.
The guy at W.I.Simonson was very nice and upfront but he still wanted more than Anaheim. Try Wanut Creek...over the phone. they will ship for a nominal fee and they are very agressive as well. Beshoff motors in San Jose is really dealing as well.
Go get em!
I have run the numbers, and the changes in factory to dealer cash have been just about entirely offset by changes in the Money Factor and the residuals.
As a brief recap, through 7/31/06, factory to dealer cash was $5000, residual was 71% (27month/12,000miles - the sweet spot), and money factor was .00285 (.00175 single pay).
After 8/03/06, factory to dealer cash went to $7000, but residual dropped to 67% (an additional real cost to the lessee of about $2400 to $2700), and money factor went to .00295 (small change).
After 10/03/06, factory to dealer cash went to $10,000, residual stayed the same 67%, but money factor soared to .0040 (an additional cost of about $2800 to $3000).
There you have it. Don't regret not procrastinating. You did fine. Procrastinators will still do fine, but really only reap significant benefit if they don't lease and simply purchase the vehicle. I think Mercedes is seeing the writing on the wall with these vehicles (even the '07's are not flying off the dealers' lots), and they are trying to get people to buy rather than lease so Mercedes can avoid the nightmare of having to unload thousands of 27 month leased R class vehicles.
On a personal note, I wanted to thank you for being such a helpful source of information for me and other Southern California lessees/buyers. People like you have saved me thousands on the last 3 vehicles I have purchased personally this past year, as well as 4 other vehicles I have helped friends purchase. I hope to hear from you again in about 24 to 27 months when our leases are up and we are again in the market for those "perfect storm" deals. Best regards, and, above all, don't aggravate yourself about the changes in the factory to dealer cash. I will repeat: YOU DID FINE!!
You indicated that you have been able to negotiate extensions on your Mercedes lease for as little as the depreciation component of the monthly payment. With whom at MB Financial Services do you actually negotiate? Do you call the toll-free number and just speak with the customer service rep or do you need to speak with a supervisor or even another department.
I have leased 7 cars (3 MB's, 3 BMW's, and 1 Land Rover) in the last 13 years, and the dealers have never even hinted at the possibility of re-negotiating the lease terms or the potential buy-out price at lease end. Of course, looking back, it makes sense that the dealer would be more interested in leasing me another new vehicle than have me simply keep my old one for a reduced price - nothing in it for them!
I have read all of your posts and your information has been most valuable. I hope you have the opportunity to respond to this inquiry. Best regards!
MSRP: $58,705
Selling price: $46,189
cap reduction: $0
Residual: 68%
MF: .00295
Term: 27
Miles: 12K
Monthly payment with taxes: $530.00
MSRP: $64,445
Selling price: $52,555
cap reduction: $1500
Residual: 68%
MF: .00295
Term: 27
Miles: 12K
Monthly payment with taxes: $595
This car would need to be shipped which would cost an extra $1200.
The second car is more tricked out with options, but the first has all the options I really want.
Both dealers have said this is as low as they can go.
Thoughts?
how can MB do this? I have been shopping the XC90 V8 and was quoted $2000 down and $489/month + tax..which would put the monthly about $525-530...so basically...the same deal. only on the MB I put down NOTHING. $2000 saved, for a car that costs more...
are these on 06 models they are blowing out or on new 07s?
i haven't seriously looked at MB, but both the XC90 V8 and an R500 would be large, heavy, safe, V8 family hauler.s the MB i'm sure is nicer an dmore luxurious, but the volvo is a pretty nice vehicle and known for safety.
if i were considering a long term purchase i'd skip the volvo as i don't think they have the same track record for reliability, and resale is much worse..but if i'm only going to keep the car for a couple of years....it basically comes down to which car i like, and who is willing to give me the best deal. both cars will probably be relatively trouble/maintenance free for the first two years.