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I just got quote from a NY dealer:
R350
Metallic paint
P2
6CD
ipod
7-seat
Msrp 55,210, sale price 52,000, MF 0.0008, 62%
For 33month, 10K, 525/month, 6000 out of pocket.
They did not take my offer which was 51,000 for the sale price.
Let me know what you got.
Thanks
Javafan
My question is--how did they give you a MF? My dealer told me that it will depend on the number Mercedes sets in November when the car will be delivered??
Are you saying that the MF will be based upon the month I get the car not the month I order it ?
Thanks
Javafan
Jay
1. P02 package,
2. 7 seats,
3. Panorama roof
4. Backup camera
5. 6 CD
6. iPOD integration kit
7. 33 months
8. 10,000 mile per year.
A. $3900 down and $560 monthly (tax included)
B. $2200 down and $620 monthly (tax included)
They will buy down the last 4 month ($500/m) of my current lease E350.
Do you think this is a good deal?
Can you please give me some good advice? In SF Bay Area
33m, 10k, 525/month, 6000 out of pocket. tax 8.625% included.
May I ask what is the sale price and your tax ?
Thanks
Javafan
Did you accept your quote?
One of MB saleman told me that R-class did not sale well last year and that's why R500 is no longer produced. I think it is a buyer's market for R-class.
By the way, I am also looking new volvo xc70 and I think the interior is much better than R-class but R still wins the ride.
ktool, what is the best deal you have seen so far?
P2
heated seat
7 seat
sale price: 5,0122, 33M, 12k. 568/m out of pocket 3,190. (includes all taxes and fees)
The White/macadamia R350 4-matic is the best color combination for R350 (i think).
NOLUCK7541@VERIZON.NET
What state did you purchase your R in? Can you send me the dealer name?
TIA
NY, MB of Manhattan.
any word on the money factors/residuals from MB on the R class 350 AWD for March 08 ? Also, any Dealer cashbacks etc?
I am trying to get the Cap cost under invoice on a lease, think there's a chance?
Thnx
2008 R350 2WD
Pewter/Macadamia
P2 package
iPod kit
7 seat option
Panorama roof
6 CD changer
Heated seats
MSRP $53,420
Sale price $48,420
Sadly, I had a trade-in of a 2004 GMC Envoy XUV that was upside down (on a purchase no less) $3500, so I had to roll that back in. MB matched the Carmax price of $10,500 on the XUV and I owe $14,049 on it, so I felt that was fair.
When I went in to sign the deal, it turned out there was about an additional $1000 worth of "stuff" in the contract (taxes, doc fess, etc), so they ended up offering 1.25% (!) financing for 72 months, a payment of $772 with no money down. While I didn't like the "throw in" of that mystery $1000, I am thrilled with the 1.25% financing and love the car.
The lease they offered was for 33 months at $779.25 with an initial payment of $854.44. 15k miles, money rate .00025, residual 55% ($26,631).
While I liked the thought of a 33 month turn-in, I am a fairly high miles driver -- I averaged 19k miles per year on the Envoy. Thus, I went for the purchase deal.
I absolutely love my R class. The payment I ended up with was within $75 of the purchase payment I was being offered on a Buick Enclave CXL with less features -- GM's best rate was 5.9%, which kicked the monthly payment up there. I'm happy with my deal and look forward to a long relationship with MB and my R350.
Good luck!
MSRP $53,420
Sale price $48,420
Is my interpretation right? Sales price $48,420. Plus "Fees" $1,000. Trade in value $10,500. = Financed amount: $38,920.
Conditions: 1.25% for 72 months
Principle $540.56.
Interest: 1.25% per year for 6 years(mathematically: on 1/2 of the finance amount): 0.0125 x 6 x 38,920/2 = $1,459.50 total interest or $20.27 per month.
Total Principle + Interest: $560.83 per months.
What is wrong with my numbers?
They are correct.
FYI -- March MB lease numbers are posted at MBWORLD.ORG/forums
scroll down page to leasing forum.
R CLass numbers are worse than FEB!
Can someone tell me if this lease offer I got is good
R350 4matic w\ premium 2 package
$3047 cash at signing includes all taxes, fees and first month payment
$498 / month
33 month 10,000 miles/year
Thank You for you help
Deal looks pretty solid at first glance, but I'd be happy to run the numbers for you as a second opinion.
What's the total MSRP? What's your local sales tax rate?
I wanted your opinion on this because I got this price from a Leasing company "JMleasing" jmleasing.com, I asked the guy if I was leasing this car through Mercedes financial and he said yes and I will take delivery from a MB dealer, he will take care of the paper work and everything, Is this something to believe, I went to Ray Catena today and test drove the car and the salesperson gave me this quote 3000 down and 681/month which is too high compared to what I got from JMleasing, when I told him the quote I have, he said that there will be a lot of hidden fees going through a leasing company, I don't know if this is true or he just wants me to forget about the quote I got.
To get to those payments they quoted you, the vehicle would have to be discounted $10k, giving you a cap cost cost of $43,985 ($8k off list + $2k MB lease cash). MF being utilized should be .00065. Residual 56%.
Drive offs should be ~$1800 (1st mo+tax ($498), acquisition fee ($795) + DMV (~$425). Looks like the leasing company does have a fee involved, but it appears that the deal they negotiated on the vehicle is well below what any MB dealer is willing to do. If MB sells you this vehicle at invoice, then you subtract the $2000 lease cash, you're still only ~ $5500 off MSRP. This company appears to have negotiated a heck of a deal.
See if you can get them to itemize the $3047, and find out what the gross cap cost/selling price is?? See if the money factor I posted gels with theirs??
Let me know...
Was wondering if anyone knows the residual for R Class lease for 7500 miles/year?
Saw above that the money factor for 33 month lease is .00065 for March.
Also, is there 2000 in lease cash this month?
Trying to figure best deal for a 33 month 7.5k year lease on a P2, full leather, lights, paint, heated seats ,ipod, center console MSRP = 58675
Boston area
Thanks
$1985 out of pocket...
Thoughts?
I bought an R Class at the end of February and have already put 1500 miles on it. I love it and love driving it! To me, these low mile lease deals are like giving candy to a child and then not letting him eat it.
So the 7500 mile lease makes sense for us.