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anyway here it is -
Options
317 Comfort Package
326 Premium Package
MSRP = $62,740
Cap Cost = $46,240
Drive-off amt = $1,372.56
- Ca State Title Transfer fee = $15.00
- 1st month payment = $508.81
- MBF Bank Fee = $795.00
- Ca dealer documentation fee = $45.00
12k miles per year
27 months = $508.81 + tax
MF.00400
Residual = 67%
sigh....options aside, i got a great deal. it sure as heck was not painless though. while the sales manager and dealer i ended up buying from was good, the overall experience sucked.
the guys at walnut creek are a bunch of hacks. the salesman is twit. the manager started out great and then pulled the classic bait and switch as we got close to signing paperwork. and then just blamed not doing a deal on someone higher up....nice waste of my time.
the new guy at beshoff is a straight shooter. if only he could have found some more money over $15k for me, i would have preferred to buy from him. he never changed his tune and was honest that he couldnt go lower. fair enough.
ill post the name of my dealer/sales manager after i sign the fedexed lease docs....
thanks for everyone's help AND MORE IMPORTANTLY THE CONSTANTLY UPDATED INFO. this site was invaluable in allowing me to know which dealers were dealing, had large inventories. without it, i would neve have gotten $16500 off msrp. this board is fantastic!
thx again
Sean
Please don't... as that violates forum rules.. Please see the message printed in red on every page...
Thanks!
kyfdx
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all of my cash is tied up in my second business otherwise i agree that the one pay makes this even more attractive. although what happens if you total the car during the lease term? i always heard that you lose....doesnt sound right..but....
Need some comments/help on this quote:
'07 R500 MSRP $66340, out-the-door cost around $3900 (1st month, all taxes, bank fee, registration, etc..), $0 cap-cost reduction, Term 27 months, 15K miles. Monthly around $730.
Any thoughts on these numbers, and any suggestions on what I should be targeting?
Any feedback would be much appreciated!
not sure what your tax is per month, but it looks like your neighbor didnt give you best deal that he could have....maybe took $50-75 per month more than he "should" have.
people are going to line up for the new MDX....
I see so many great info on '06, but I am looking at an '07.
Need some comments/help on this quote:
'07 R500 MSRP $66340, out-the-door cost around $3900 (1st month, all taxes, bank fee, registration, etc..), $0 cap-cost reduction, Term 27 months, 15K miles. Monthly around $730.
Any thoughts on these numbers, and any suggestions on what I should be targeting?
Any feedback would be much appreciated!
That being said, I do not understand your $3900 out the door costs. 1st month should be $730, bank fee should be $795, even California registration is about $380. I don't know where the extra $2000 is coming in, unless you live in a state that charges up-front sales tax on the full amount of the vehicle. What is your capitalized cost (i.e., what is your discount from MSRP?)?
I tried looking for 2006 with rear airbags, but was not successful, hence we are looking at 2007s.
The 3900 out the door cost includes all the state sales tax to be paid up-front.
MSRP is 66840 (but calculating from MB website, it seems like the MSRP is actually 68K, cap cost is 61061. I think invoice is 60975 (according to Edmunds).
What do you think of this for an 2007?
I would still try to check other dealerships for 2006's with rear airbags. If you have small children, however, most manufacturers recommend disabling the rear airbags. I have them on a 2000 BMW 528it and they have always been disabled due to my two little boys' ages. Where are you located?
At only 10,100 off, with factory to dealer cash of $7000, they are slightly above invoice. Most So. Cal dealers are dipping $1500 to $2000 into dealer holdback - at least. Big picture, your deal is probably $3000 to $4000 higher than the best deals in So. Cal.
In the Boston area and signed lease for '06 Iridium Silver w ash R500. Has premium package, design II wheels and center row console. MSRP was around $62,000. Cap cost for the lease was around $48,000. 15K miles. 39 months at $730 incl. tax. Up front totals $1,095.
Feels like I got a good deal given what's been on this board. Selection in Northeast isn't great. Wanted Sirius but couldn't fine one that I liked.
Thanks again!
For example, if the MSRP was $52,000 and the sales price ended up being $40,000 and you were doing a 36 month lease, the residual being 56% of $52,000 which is $29,120, on a one pay lease would you then be paying $10,880 plus tax, tag, and bank doc fees? Or is there still a finance charge associated with the lease even tho you are paying all of the payments upfront? Thanks your information would really help and ia much appreciated.
I am debating between the R class and a loaded FX 35, both have similair sales price numbers. :shades:
That is also why your credit score is important. I originally thought that by doing the single pay, the finance company would not even need to check your credit score. The only problem with that reasoning is that your single pay only covers a portion of the $40,000+ car you are driving away with. I hope this helps!
Between the FX35 and a 2006 R350, you will probably find the R350 to be far cheaper to lease. You are getting the benefit of a high MSRP (higher residual value) and a large discount from that MSRP that essentially will wipe out 23% of the 44% depreciation. I do not think you will find similar numbers on the FX35.
As an additional note, the sweet spot on the R350 lease is the 27 month lease. The residual value is 67%, so with the $12,000 discount, you are actually only going to pay an effective 10% in depreciation, or about $5200. Increasing the lease term to 36 months has you paying an additional 11% for just 9 more months of lease term. This is a highly unusual set of circumstances wherein it is actually cheaper to take the shorter lease than the longer one. Good luck and try to find the R350 that is equipped to your liking. You won't pay that much more for a heavier equipped car because of this unusual high MSRP/high discount scenario. Do be sure to check out the 27 month numbers.
area offering very attractive price on their R500 since they don't have the color I am looking for so I called other dealers to see if they would beat/match the special offered by the first dealer so far they either reject the offer or would ask me to go down to their dealership saying they can't quote prices on the phone or by email. Here is part of the ad relating to R500.
Please let me know if this is possible.
--------------------------------------
2007 R350
(Only 2 available / No substitutions)
(Premium Package 1 and Cargo Cover)
MSRP = $48,150
Drive-off Total = $4,999
7,500 miles per year
27 months = $393 + tax
or
10k miles per year
27 months = $410 + tax
------------------------------------------
2006 R500
$16,500 off MSRP
Sample
(18in Wheels,Comfort Pkg,Entertainment Pkg,Sunroof Pkg)
MSRP = $59,430
Your low Price = $42,930
or
Lease (sample)
Drive-off = $2,999
10k miles Per year
27 months = $389 + tax
-----------------------------------------------------
:shades:
I called the Fletcher Jones in Newport Beach
and even email the ad to them but they don't
want to quote prices on the phone or email, I
think that can cost them at least my business
since I don't want to drive 3 hours round trip
to go to Newport Beach and not get the deal.
2006 r500 pewter/black 8k miles, mbusa demo
premium pack, keyless go, full leather, heated seats, rear side airbags, parktronic sticker $65,540.
27 mos/12k year
$1700 due at inception...first payment, bank fee, title/tags
$560/month + tax
I opted for the one payment which came to $14,100...saved $3300 or $116/month.
I had gone there to get a new r500 also pewter/black w/ $61,345 sticker, but wasn't crazy about no parktronic or heated seats, so the i went for the added options and probably paid $25/month more than the ideal math, but I got exactly what I wanted. The terms came out to $17,200 off sticker due to demo, 66% resid b/c mileage at end would be 35k, not the 27k i have in the lease. The mf for monthly pay was .004, and the one pay worked out to .0027, calculating backwards. I almost bought one from CA earlier in the month and have it shipped earlier in the month but, wasn't crazy about the color and $1200 to ship($50/mo on 27 mo lease). So looks like the Northeast pxing is getting aggressive. I was quoted $730/month and ~17,500 for a one pay, with less options, from another local dealer 3 weeks ago.
Thanks again, info was invaluable.
they told me they will beat the competitor's offer.
This is what I got on the 2006 R500 with MSRP of over $62K I think they discounted it to $46500 with $2350 drive off and monthly payments of $680/mo. 12k/yr. 27 mo. The one time pay was $17500 for 24 mo., since they said they can't do one time pay for more than 24 months.
They said my credit scores were low. The highest score was a little over 680. They were calculating my lease at tier 3. There was a big gap between what I want to pay and what they are offering me. So they said on Monday they will call MB financing and see what they can do.
They asked me what is the maximum I can pay and I told them
$450/m. $2000 drive-off, 12k/yr. for 27 mo. or $13000 one time pay. I think I may have over estimated the one time pay. What do you think? Thank you for all the help you have given me by having a very lively forum I have learned a lot.
sticker price, Tier one credit.
Likely they look at middle score, still does not seem that you should be tier 3
10/31/2006 is the last day of the month, and they will give you a price or discount factor over the phone. Be aware that they will change their price if your credit is in a different tier than tier 1. Let them know ahead of time over the phone.
Since we can't mention names of salesperson in the forum, at Fletcher, ask for their internet sales manager, and he will deal especially it's the end of 10/2006.
and who replied to my postings and guided me thru the process.
I called The Internet manager of Simonson in Santa Monica. He told me they don't have any R500 but I should try Long Beach, South Bay, Fletcher, ...
I just love the Simonson guy. He has always been incredibly straight, honest and quick in quoting prices. I buy/lease cars every two years. He will have my business next time I am in the market for a car.
I called the South bay Internet director at 6pm and he emailed me the description for two R500s one was $63k the second was $62k. I picked the Alpine Rain with MSRP of $62k. He agreed to match the quote that I had from Simonson.
By the time we got to South Bay they had added $800 to the
drive off. They said the quote of $2999 from Simonson is just the drive-off price. The drive-off price ant total drive-off are not the same. The $2999 was the drive off and $3800 was the total drive off! Also they added $25 to the monthly payments saying they will try to amend the contract the next day to show $389 which they have not.
The next day we noticed the car was missing the cargo net, cargo cover, grocery bag holder, and cargo tie downs. The car was not cleaned and had barely enough gas to get us home. I have called them and emailed them and now I am waiting to hear from them. I will keep the forum posted.
Overall I love the car and it drives great. I am still figuring out the gadgets.
Here is what I have so far in my R500,(MSRP $65000)and had deal with $15000 discounts,
panorama sunroof,
navigation,
Auto tailgate.
You guys can laughing at me :sick:
It has 220 Parktronic $750
326 326 Premium Package: Entertainment Package $4,400
413 : Panorama Sunroof
27 month lease
$3,800 drive off
$414+tax = $449/month
I have leased/bought three BMWs, one lexus, one Infiniti,
two Mercedes Benz so far. This last expirence with R500
been the worst in terms of customer service.
The description of R500 states the following are standard
equipments:
Rear Cargo Cover, Cargo Net, Cargo Tie Downs, and Grocery Bag Holder.
Did any of you get the above items with your R500?
I called and emailed the salesman and his boss at the dealership a few times. I finally connected to the salesman. He initially told me the R500 does not come with Cargo items. I then spoke to his boss, he was not so sure and he is suppose to get back to me.
I am very concern about owing them these items at the end of my lease. I am a bit frustrated by the whole thing. I
think they don't care about their customers after they have made their sale. I just hope I am wrong.
after talking with the general manager.
I am missing Cargo Items from the new R500 that I leased less than one week ago. I am getting run arounds with the dealership.
I am concern about the day that my lease would end and I have to return this car. The MB financing may ask for these
items.
If MB of South Bay does not give me these items what are my alternatives?
27 months at 12K per year
money factor: 67%
Negotiated price: 48,000
Are there better negotiated prices out there?
I would NEVER have even bothered to consider the R500...believeing it was out of my price range, but these lease deals clearly have proven me wrong. I'm seeing numbers here that basically show people doing 27 month leases, with barely over $1000 down/out of pocket, and payments under $600/month...for a car that has a $65k+ MSRP...nuts...
of course, I could just get an odyssey..but to get a "loaded" Odyssey...I believe the lease numbers with a comparabley LOW otu of pocket payment would probably put me in the high 400s...almost $500. so you're talking another $100-150 month to get a car that's worth double... no brainer...