Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

Mercedes-Benz R-Class Lease Questions

1…6791112…16

Comments

  • sand529sand529 Member Posts: 45
    2007 R350 - Iridium Silver Metallic
    P2-package
    Heated Front Seats
    MSRP $53,800
    Monthly Payment $565
    Cap Cost $49,525
    MF .00085
    Resdidual 56%
    12k per yr
    Cash signing: 1st month, Acq Fee, Sales Tax, approx 3k or so.

    I think its a decent deal but I think I could do a bit better?
  • svrlinsvrlin Member Posts: 3
    I just signed a lease on a R350 before seeing this forum. I think you got a better deal than mine:
    07 R350 alpine rain
    P2
    DVD entertainment
    voice recog pkg
    msrp of about $56650
    got it for $51404

    lease for 39 month, 12K miles/yr
    put cap cost of $3K (with a 98 camry trade in, 100K on it) into the lease, resulting in
    monthly $600 + tax ($650 total in CA)
    drive off $1335 (1st month, DMV fees, tax)
    acquisition fee of about $1000 rolled into cap cost.

    so while mine has more options, I think you prob got a better deal. my residual is about 60% (around $31K)

    what do you think?

    by the way, does anyone think the excess wear and tear coverage ($650) is worth it?

    thanks :(
  • sand529sand529 Member Posts: 45
    Based on what numbers you wrote, you should have paid about $575.27 per month. Im basing this on that the cap cost of $51,404 includes your trade in as well as the Aquisition Fee of $1,000. If it doesnt the payment would compute even lower. I assumed they ever marked up your money factor or your credit score wasnt high enough or marked down the standard residual on 39 months.
  • svrlinsvrlin Member Posts: 3
    Hi Sand529,

    thanks for the computations. The cap cost of $51404 does not include acquisition fee of $1000 (which seems high to me). With that, the total gross cap cost was $52500 or so. Then they put in the $3000 reduction with trade in from cap cost. So I guess the $600 base monthly payment was pretty bad then. It is the best deal I could shop for in the bay area. But it seem high to me. I wanted $550 monthly (with traide in) and could not get it. BTW, my credit score was over 800 so that was not an issue in the deal.

    appreciate your thoughts and calculations.
  • svrlinsvrlin Member Posts: 3
    Hi Volker,

    looks like you got a better deal than mine. just signed last weekend.

    r350 alpine rain
    P2, DVD entertain sys, voice recog, heated seats
    msrp 56650, final negotiated 51440 or so

    39 mo lease, 12K/yr
    acquisition of $1095 rolled into cap cost
    then $3000 cap cost reduction (with a trade in)
    so final number $49400 or so
    ended up with $600/mo + tax
    residual 60% (31+K)
    don't know MF

    if you massage my numbers backwards like you did with yours, what is the final price of the vehicle? prob no discount from msrp at all?

    thank for your help
  • sand529sand529 Member Posts: 45
    Based on MB Finance current program using 56% residual and .00085 money factor and cap cost of $49,535 after trade & acq fee, I come up with a payment of $529.93 before tax. Without trade it would be $609.40. So it appears the money factor they used is higher or the cap cost is not $49,535, its more like $52,180 using the standard factors.
  • dupebdupeb Member Posts: 1
    2007 R350
    P01 Package
    Navigator
    rear seat Entertainment Package
    All season tires
    Heated front & Rear seats
    Cell phone wiring
    Heated front and rear seats
    IPOD Integration kit
    Car priced at $53,385

    10K 36month lease

    $6k down and &560 per month including tags, title and all taxes. I am not sure if I am getting a good offer or getting duped.

    Your insight appreciated.

    D
  • sand529sand529 Member Posts: 45
    I just picked up my R-350 on sat. Iridium Silver
    P2
    Heated Front seats
    MSRP $54,200
    39 mos
    12k per year
    558.85 per month
    Tax,Acq Fee, plates - down
  • sand529sand529 Member Posts: 45
    I need a breakdown (acq fee, first month, cap cost reduction, sales tax, mv fees, etc) of the 6k youre putting down on the car? what is the capitalized cost of the car?

    If I attempt to back into your $560 per month, I come up with a net capitalized cost of $48,200. I used a 57% residual and .00085 money factor. The question is how much of the 6K you are puttign down is for reduction of capitalized cost.
  • mylt4mylt4 Member Posts: 23
    Wow!!! That is a great deal....Can you give me the details on it...ir better yet the salesman phone number!
  • karguy643karguy643 Member Posts: 1
    HEY I HAD EVEN A BETTER DEAL IF YOU KNOW ANYONE WHO WORKS FOR MERCEDES CORPRATE THEY HAVE A SPECIAL DEAL RIGHT NOW I JUST GOT A P2 WITH HEATED SEATS FOR MY WIFE WITH 1748 OUT OF POCKET 399 INC NJ TAX NOW THATS A NICE DEAL
  • mylt4mylt4 Member Posts: 23
    I am in NJ... Would take that deal in a flash! Let me know how to get in. :)
  • aharbouraharbour Member Posts: 5
    Hi
    this sounds like a great deal. My friend got a similar deal in florida but we could not find anyone in new york offering it.

    Can you tell me which dealer you got this from?

    Thanks
    AH
  • dwwsdwws Member Posts: 14
    Hi Everyone:

    I need help as quickly as possible. I looked at the R-350 on Saturday and this is the best deal I could work:

    R-350
    544 Barolo Red
    144 Macadamian MB Tex interior
    H04 Birdseye trim
    P01 Package
    R44 17" wheel Package
    396 Voice Recognition/CD Changer
    530 DVD Navigation
    873 Heated Front Seats

    Subtotal: $50,775
    Destination & Delivery: $775

    Total: $51,550

    Now, here are the lease details:

    Tier 2 Credit (BUMMER!)

    Negotiated Price: $48,895 (He said this was $500 above invoice, but I think it's $900 above)

    Fees & Insurance: $484

    Upfront Taxes: $203.08

    Disposition Fee: $595 (What is this?)

    Cap Cost Reduction: $5000

    Miles Per Year: 10,000

    Lease Term: 33 Months

    Money Factor: .00055

    Residual: Total Initial Charges Due At Signing: $6,943.46

    MONTHLY LEASE PAYMENT: $494

    I do not know if this is a good deal. I would love to lower both the monthly payment and the Cap Cost Reduction. I would also like 15,000 miles per year. I know that my credit is hurting me, but can I do better? If so, what part of the above deal can I improve? Sale price? Perhaps more options? Leather seats Also, I ***REALLY*** want this car in EVEREST GREEN. The salesman told me (and let me look at the computer) that there were no R350's in that color at all in the Northeast (I'm in New Jersey and this was Mercedes Benz of Princeton). Can I ask him to expand his search to include the entire country, and if so, will it cost me more? He told me that I cannot order it because I would have to order a 2008 vehicle, which would not be ready until probably September.

    Please help me! I am on a tight budget, but I'd really like to get this car (I am also looking at the ML 350). Any advice that can help me save money would be GREATLY appreciated!!!

    David in New Jersey

    PS. I am scheduled to go back to the dealer tomorrow with my wife, so I can take her for a test drive, so please hurry; I'd like to "armed" with as muck knowledge as possible when I go!
  • dwwsdwws Member Posts: 14
    Hi again:

    I forgot to mention that at first the salesman said they would pay my last monthly payment on mh Hummer H2 (June) but then, after our negotiations, he said that the deal he was giving me was so good that the dealership would not be able to pay my last lease payment. Is this just b.s.?

    Thanks,

    David in NJ
  • sand529sand529 Member Posts: 45
    Is the MSRP of the car $51,550? If so the upfront costs seem excessive especially the cap cost reduction of $5,000. And the 33 months is a bit odd? Do u know if you are going through a private bank or through MB Credit. Also are you sure you only qualify for Tier 2 credit? I just leased an R350 and the MSRP was $54,200 and the capitalized cost (selling price) was $49,500 and my monthly payment is 568 and change. The disposition fee is standard from MB credit. Also if you divide the $5,000 cap cost over 33 months, its 151.52 per month, add that to your $494 per month and your at $644.52 per month. I think you can do better, but I dont know the penalty for tier 2 credit. Maybe your wife will qualify for tier 1? Here are may's lease factors from MB credit (tier 1). The money factor you posted above is for tier 1 for 24 months (see below). Something does add up here so I'd investigate a bit more and possibly visit another dealer...

    2007 R350 4WD Wagon
    24 Month – Residual 62% of MSRP – .00055 Base Rate
    36 Month – Residual 54% of MSRP – .00100 Base Rate
    48 Month – Residual 47% of MSRP – .00100 Base Rate
    60 Month – Residual 40% of MSRP – .00370 Base Rate

    Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
  • sand529sand529 Member Posts: 45
    Yes its a bunch of B.S. in my opinion. Also when you go back get the following information:

    MSRP
    Cap Cost (with and without cap cost reduction)
    Residual Value
    Money Factor

    Post up and someone can run the numbers and let you know if its in line.
  • dwwsdwws Member Posts: 14
    Hi sand529:

    Yes, the MSRP is $51500. The salesman said that Mercedes does not lease for 36 month terms. He said they use 33 months or 39 months. I do not know if that is true, but the advertised offer for May 2007 on the Mercedes Benz website of $489/month for an R350 with P1 package & heated fron seats is for a 33 month lease (with a similar deal of $549/month for an ML350 with P1 package and heated fron seats). Both of those deals require a cap cost reduction; $2750 for the R350 and $2850 for the ML350. Also, He told me that the selling price of $48,895 was $500 above his invoice price, but this afternoon I told him that it seemed to me that it was $900 above his invoice he told me that the $400 difference was some sort of fee that all Mercedes Benz dealers are required to pay when they participate in an advertised lease deal or something like that. I am not happy that I was not told about that fee upfront, because $48,895 is NOT $500 above his cost, it is $900 above. How can I find out if this "fee" is real or just him padding his profit? I also asked if there were any factory-to-dealer incentives or "holdbacks" of any kind and he said no, but I don't know how to find out if he is telling the truth. How long is your lease on your R350? Did you make a cap cost reduction? Also, where did you find the published Mercedes lease factors (residulas & money factors)for Tier 1 credit for May? Is there alist of Tier 2 lease factors? Lastly, How do I know if I only qualify for Tier 2 credit? I know that my credit is not perfect, but the salesman is saying that he is going to try to talk to his business/sales manager and get me "bumped up" to Tier 1 credit; how can he do that? Am I being suckered? I really need to know, because if I am, I will go elsewhere. Any suggestions?

    Thanks,

    David in NJ
  • mylt4mylt4 Member Posts: 23
    Hello, Does anyone want to take a quess on what/how the 2008 is going to be price/packages? I have some time until I have to get out of my current lease but might want to pull the trigger this month (unless some one thinks next months deal would be better)with the good deals out there.

    Thanks for any help. Mike in NJ.
  • fletch58fletch58 Member Posts: 19
    Quote for an R-350 w P1 & PARKTRONIC , 33 mth, 17.5k miles, 3K total out of pocket, $620 plus tax

    FACTOR IS .00055
    COST $46,500
    STICKER LIKE $48,760

    What do you guys think ?
  • mylt4mylt4 Member Posts: 23
    looks high, what is the resididual with 17.5 K miles?
  • airsickostrichairsickostrich Member Posts: 1
    I got min in May.
    07 R350 Pewter / Macadamia interior
    P2
    DVD entertainment
    Petwer paint, upgraded wheels, Lighting package, entertainment package, navigation.....basically fully loaded.

    MSRP $63000
    Paid $57500
    CAP COST 51000. (6000 down)
    24 months/ 12000 miles

    $560/month (tax included)

    I too was wondering on the Wear and tear coverage.
  • desgnconcptsdesgnconcpts Member Posts: 53
    Hello Car_Man,

    Can you post the "special" 33 month MF and Residual for the R350? 15K miles.

    Thanks!
  • matinomatino Member Posts: 3
    I am getting mixed advice from MB dealers on this. Please help!!

    I drive 25,000 miles per year, should I lease or buy? One dealer is telling me that I should just pre-purchase my miles upfront and still lease. Another is telling me that leasing is not an option for me because I drive too many miles. Thoughts? Opinions? Advice?

    Also, doesn't it cost more to insure a leased vehicle than one you own?
  • mbman2mbman2 Member Posts: 18
    Mercedes of Novi has this lease

    2007 R320 4Matic
    $329/mo
    10,000 mi a year
    $2500 due at signing

    Good?
  • aharbouraharbour Member Posts: 5
    Hi
    I am looking for a 27 or 33 month lease on an R350 in New York City. Here is the deal i am being offered:

    $518 a month for 33 months on a P1 package with a base color
    (metalic would be about $9 a month more). 12K miles a year

    This deal works in everything, no money upfront. All i need to give the dealer is my first payment, $200 for registration, and $125 to the mercedes dealer (the car dealer is not a mercedes dealer).

    Here is the bit that concerns me and the reason for the post. The dealer leases me the car out of the mercedes fleet car program (company car) which he saus is about 5K cheaper than regular retail. He does this by listing the car with a company that he lists all these type of sales with.

    He assures me that it makes no difference to me as an individual - the car and lease payments etc are in my name, the car is listed at mercedes as a fleet car with the company that he uses.

    Are there any problems doing this? The deal financially appears to be a great deal.
  • rtunisonrtunison Member Posts: 1
    Hello DWWS,

    I am in the process of leasing an R350 with the P2 package that has a MSRP of $53,100.00. I looking for the current Lease Money Factor and Residual Factor for a 7500 mile per year 48 month lease with MBCC. Also, are you aware of a factory $1000.00 rebate on the 2007 R350 models?

    Many thanks for your help!
  • shoc369shoc369 Member Posts: 3
    aharbour-

    I am looking to get the deal that you got. Can you plesae tell me where you got that deal? I can't come anywhere close to that here in Ohio. Thanks.
  • bigcat007bigcat007 Member Posts: 21
    2007 Mercedes R320 CDI 4WD Wagon
    24 Month – Residual 63% of MSRP – .00405 Base Rate
    36 Month – Residual 52% of MSRP – .00370 Base Rate
    48 Month – Residual 45% of MSRP – .00370 Base Rate
    60 Month – Residual 40% of MSRP – .00370 Base Rate

    2007 Mercedes R350 4WD Wagon
    24 Month – Residual 61% of MSRP – .00100 Base Rate
    36 Month – Residual 53% of MSRP – .00100 Base Rate
    48 Month – Residual 46% of MSRP – .00100 Base Rate
    60 Month – Residual 40% of MSRP – .00370 Base Rate
  • aharbouraharbour Member Posts: 5
    grand prix motors
    brooklyn

    http://www.grandprixmotors.net/
  • bmwcrzrbmwcrzr Member Posts: 17
    As of July 15th 2007, Mercedes Benz is submitting new rates, due to the unpopularity of their July rates.

    Every one should wait for the new rates.

    Good luck
  • shoc369shoc369 Member Posts: 3
    aharbor-

    Thanks for the info! Did you actually do the deal or haven't you done it yet? I'm going to give them a call but I wanted to know if it all worked out for you.
  • roxanne1010roxanne1010 Member Posts: 63
    I went to my local dealer to take a look at the 2007 R320 CDI and possibly take it for a test drive.
    They said they don't have any right now but expect to get some in late July. However he said they are likely to be the 2008.
    I would prefer the 2008 anyway since they're supposed to be cheaper but was surprised by the early date (I thought it would be more like September).
    Are the 2008 expected on dealers lot as early as late July? And if so will I be able to get a good deal if I buy one right away (say late July or early August)or should I wait until it sat on the lot for a while?
    What would be a good base rate for a lease for 24 months/10,000 miles?
    Finally what are the yearly dates that Mercedes has really good deals on leases (I can only remember their after Xmas sale)?
    Thanks
  • bloomis914bloomis914 Member Posts: 1
    Anyone have any suggestions for finding this vehicle, I am ready to lease this immediately if properly equipped:

    Must haves are P2 package with Front and rear panorama sunroof, Rear Entertainment package(DVD) heated seats. Nav system is nice but not required.

    Preferred exterior colors are Desert Silver, Pwter, Barolo Red,

    Interior: Macadamia/Leather with Walnut wood trim

    Did new/revised lease rates/promotions for July get announced this week? Should the R320 lease for the same as the R350 assuming the exact options??

    Thanks,

    Ready to Lease!!!!!
  • roxanne1010roxanne1010 Member Posts: 63
    Bigcat007,
    Can you please post the lease infos for July for the new 2008 R320 CDI.
    Also, can you give the invoice on that car for the base model, no options (I just want the 7th seat and my dealer called that I can go test drive one next week, so I need the invoice on it fast).
    I could only find the MSRP listed on the MB web site so far. I guess these babies are too fresh from the oven so no infos available on Edmunds yet.
    Thanks :)
  • rbautorbauto Member Posts: 5
    Looking to lease either an ML or R 350 depending on which vehicle has the best deal. I should be Tier 1 Credit. Could someone please give me some ideas of Residual % and MF. Lease would be either 33-36-or 39 months with 15,000 miles/year.
    Thanks
  • aharbouraharbour Member Posts: 5
    Hi
    A dealer has given me an estimate on an R350 but said that the car is coming from a new jersey dealership. I live in new york. Is there any issue here in terms of emissions etc?

    do i have to lease from a new york dealer or can i shop anywhere in the tri-state area?
  • roxanne1010roxanne1010 Member Posts: 63
    Quickly,
    Can anyone give me the lease infos for August on the new 2008 R class 320 CDI.
    I'm about to lease and think I'm being had. :confuse:
    Thanks
    Roxanne :shades:
  • bigcat007bigcat007 Member Posts: 21
    Effective 8/7/2007
    2008 Mercedes R320 CDI 4WD Wagon
    24 Month – Residual 64% of MSRP – .00095 Base Rate
    36 Month – Residual 55% of MSRP – .00135 Base Rate
    48 Month – Residual 45% of MSRP – .00135 Base Rate
    60 Month – Residual 41% of MSRP – .00370 Base Rate

    2008 Mercedes R350 4WD Wagon
    24 Month – Residual 64% of MSRP – .00080 Base Rate
    36 Month – Residual 55% of MSRP – .00120 Base Rate
    48 Month – Residual 43% of MSRP – .00120 Base Rate
    60 Month – Residual 39% of MSRP – .00370 Base Rate
  • bigcat007bigcat007 Member Posts: 21
    2008 Mercedes ML320 CDI 4WD SUV
    24 Month – Residual 68% of MSRP – .00250 Base Rate
    36 Month – Residual 58% of MSRP – .00290 Base Rate
    48 Month – Residual 46% of MSRP – .00290 Base Rate
    60 Month – Residual 42% of MSRP – .00370 Base Rate

    2008 Mercedes ML350 4WD SUV
    24 Month – Residual 66% of MSRP – .00205 Base Rate
    36 Month – Residual 57% of MSRP – .00245 Base Rate
    48 Month – Residual 41% of MSRP – .00245 Base Rate
    60 Month – Residual 37% of MSRP – .00370 Base Rate
  • roxanne1010roxanne1010 Member Posts: 63
    Thanks.
    What about the rates for the R350 2wd?
    Any discount on the 2008 models yet?
  • irishrogue1irishrogue1 Member Posts: 127
    First let me say thank you to all of the hosts and readers/contributors - this forum/board is a great source of information for so many things automotive!!

    Now my Question - We leased a 2006 Mercedes R500 at the end of the 2006 model year when factory and dealer incentives were almost too good to be true and R sales were in the toilet. We drove off with an R sporting a $62k+ MSRP for 27 months (leased) at $508 per month, nothing down other than 1st month payment and MB bank fee. $16k+ in cap cost reductions all came from MB USA and the dealer. While the cap cost along with a decent MF and residual yielded a great monthly payment, the cap cost and likely unrealistic residual are going to kill me at lease end. The 67% residual gives a lease buy out of $42k (for those who dont know it is based on MSRP NOT capitalized cost). Given the revised pricing of the R in 2007 and overall poor sales, there is no way this thing will be selling for $42k in 27 months - right now 2006 R500s are selling for high 40s after less than 12 months!!

    I already know that I want to keep my R at the end of the lease - So my question is does MB USA negotiate lease end buy outs? I know some manufacturers like Honda maintain a "no negotiation" policy. Also since $10k of the cap cost reduction came from MB USA is there any argument that it should have reduced or did reduce the MSRP for purposes of calculating the residual? Assuming MB negotiates, is it fair at the time to see what dealers are selling similar used cars for and shoot for a value a few thousand less than dealer asking price recognizing that it costs money to go over/prep/clean an off lease car, warranty it, build in dealer profit and carrying cost?? Realistically, this car is likely to be worth somewhere in the mid to high $30s at the end of the 27 month lease with 30k miles.

    I found one post in the MB "S" class section where MBFC offered the lessee a buy out price that was $9k less than the stated lease buy out (due in large part to a complete redesign of the S Class).

    thanks for input!
  • mediaman1mediaman1 Member Posts: 5
    i just recieved a qoute for a 2008 R350V4
    PO1 package /ipod/7 seat/glass sunroof/heated front seats
    msrp $51470 - cash price 50,000
    rate .00120 / term 33 months / res 61% - $31,396.70
    0 down exept first month taxes fees = 1717.10
    monthy payment $724.27
    is this a good price or should i try to get the price lower than $1470 off list?
  • martinfmartinf Member Posts: 121
    Hello, again, irishrogue1. I believe I had directed you over to the W.I. Simonson internet department about a year ago! Anyway, I just left a long post on mbworld.org, but the short-hand version is MB financial will re-negotiate the lease end buyout. I did the same calculations you did (I leased my 2006 R500 MSRP $60,120 with "just" an $11,000 discount,but my residual was 72% and MF was a bit lower than when you got yours. I actually did a single pay for about $12,900 for the 27 month/12k lease, so you did better by waiting until September),but my buy-out is even more ridiculous at $43,200 after two years! I called MB Financial and the representative had to admit that they will consider re-negotiating lease-end buyouts at market retail value at the time of lease end. I would have never thought this had it not been for another posting from someone else who had posted on Edmunds his experiences in both negotiating reduced lease extension payments and lease-end buyouts from MB Financial. I would love to hear from other people who have had experience, but I think us R class people are going to represent a very special problem for MB Financial if we all decide to walk away in the fall and winter of 2008 when the 2009 R classes are out, or, worse yet, discontinued. Best of luck with your R class and give internet guy at Simonson my best regards.
  • irishrogue1irishrogue1 Member Posts: 127
    martinf,

    let's keep in touch! we should compare notes when the time draws near....shoot me an email at sclancy_pb@hotmail.com

    thanks
    Sean
  • irishrogue1irishrogue1 Member Posts: 127
    martinf, i dont see your post on mbworld.....
  • martinfmartinf Member Posts: 121
    Sorry Sean, I meant to say benzworld.org. It is under the R Class threads, under the heading "R 350 cheap," one of the first threads in the forum. I am a few months ahead of you (July 27, 2006 lease inception), so I will have the time to post or email you my experiences.
  • marcos4marcos4 Member Posts: 7
    Hello. I would like to lease a r350 2008 with P2,heated front seats,second row console,silver metallic paint. 12000 miles and approx 3yrs. MSRP according to mbusa is $54855. What is the invoice price and what would be a reasonable lease payment with 0 money down? Thanks for your time.
    marc
  • dreddietdreddiet Member Posts: 4
    2008 R350 2WD
    Iridium Silver
    7 seat option
    Glass sunroof (replace panorama sunroof)
    P01 package
    6 disc changer
    33 month lease
    10k/year (0.25c addtl)
    4000 total drive off (out the door including tax/ lic/ reg)
    519/ month including CA tax
    bluetooth interace module included at no charge (supposedly 420 value)
  • leo1977leo1977 Member Posts: 17
    2008 R350 AWD
    Pewter Metalic
    7 seat option
    Glass sunroof (replace panorama sunroof)
    P01 package
    IPOD integration kit
    6 disc changer
    33 month lease
    7500k/year (0.25c addtl)
    1700 total drive off (out the door including tax/ lic/ reg)
    475/ month including NY tax

    I think I am getting a good deal. What do you think? I am about to sign off on it.
Sign In or Register to comment.

Helpful Tools

Most popular vehicles