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Mercedes-Benz R-Class Lease Questions

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Comments

  • irishrogue1irishrogue1 Member Posts: 127
    sorry, i didnt see this before i posted....do you mean they raise the monthly lease payment and reduce the residual buy out by $4500? how long is the extension? what was the monthly increase amount?
  • irishrogue1irishrogue1 Member Posts: 127
    i just checked my paperwork...my '06 R500 msrp was $62k. resid is 67% for a 27mo lease (10k yr). my buyout in Dec is $42k...
  • bknycbknyc Member Posts: 61
    Mine is an 06'R350. $38.5k is the residual and $34k is what MBF said I can buy the car for. To extend my lease MBF told me the payments would actually go up from $645 to $670...so that doesn't make sense either....
  • irishrogue1irishrogue1 Member Posts: 127
    i agree that price is high by a few thousand. you are still at the front of the curve on Rs coming off lease. as the incentives improved later in '06, more units moved. i have to think that they are going to negotiate more by end of summer/fall as more units come off 24/27mo leases - particularly if the earlier off lease cars are still sitting on dealer lots....a quick look around and most dealers have very very few 'used 06s....if they offered $4500 off initially, why not go back and offer them $30k and see what happens...
  • bknycbknyc Member Posts: 61
    Thanks for the info...still think $30k might be too much unless of course I planned on keeping the car for the next several yrs. Best bet might be to just start over again w/ an 08' in July when my lease is up.
  • irishrogue1irishrogue1 Member Posts: 127
    certainly if you want to get into a new car in another year or two then it probably does not make sense to buy the R at lease end at market value since the market for these is always going to be very soft. IF the R had a poor residual up front and later turned out to be a strong seller and therefore strong reseller, it would make sense to buy it.

    this probably doesnt work for you given the stable of new MBs you have....but to put the R350 in a different light...at $30k would you rather own a 2yr old R350 with 24k miles or a new chrysler pacifica? with pretty decent reliability so far, i would take the R in a heartbeat...

    i would buy my '06 R500 for $32-34k right now. and i expect to buy it in the late fall at lease end hopefully for high 20s....
  • irishrogue1irishrogue1 Member Posts: 127
    Here are reported wholesale auction prices for 2006 Rs that recently sold (mileage, color and condition are noted).

    I am not sure how the factory gets dealers to take off lease cars and prices them, but assuming that a dealer didnt want the car and put it to auction it would only fetch mid to high 20s....(strange that there are no reported 350s coming through the manheim auction PA).

    R350's
    05/14/08 ATLANTA Lease $28,750 22,344 Above OBS BLK 6G A Yes
    05/14/08 ATLANTA Lease $26,250 32,357 Avg PEWTR 6G A Yes
    05/14/08 ATLANTA Lease $25,000 49,359 Avg PEWTR 6G A Yes
    05/13/08 ST LOUIS Lease $24,500 8,775 Below ALP RAN 6G A No
    05/13/08 RIVRSIDE Lease $27,100 26,240 Avg BLK 197 6G A Yes
    05/13/08 DFW Lease $25,000 26,863 Avg ALB WHT 6G A Yes
    05/13/08 DFW Lease $25,000 18,870 Avg PEWTR 6G A Yes
    05/09/08 MANHEIM Lease $26,750 29,551 Avg BLACK 6G A Yes
    05/08/08 RIVRSIDE Regular $28,000 29,629 Above BLACK 6G A Yes
    05/08/08 RIVRSIDE Lease $27,500 14,681 Avg BLACK 6G A Yes
    05/08/08 RIVRSIDE Lease $26,750 26,960 Avg ALP RAN 6G A Yes
    05/08/08 RIVRSIDE Lease $26,750 13,121 Avg PEWTER 6G A Yes
    05/08/08 RIVRSIDE Lease $26,250 23,295 Avg ALP RAN 6G A Yes
    05/08/08 RIVRSIDE Lease $26,000 22,708 Avg PEWTER 6G A Yes
    05/08/08 RIVRSIDE Lease $26,000 12,739 Avg IRI SIL 6G A Yes
    05/08/08 RIVRSIDE Lease $25,750 28,103 Avg BLACK 6G A Yes
    05/08/08 RIVRSIDE Lease $25,250 24,025 Avg PEWTER 6G A Yes
    05/08/08 RIVRSIDE Lease $24,750 26,736 Below PEWTER 6G A Yes
    05/08/08 RIVRSIDE Lease $24,750 22,483 Below PEWTER 6G A Yes
    05/08/08 RIVRSIDE Lease $24,750 17,450 Below ALP RAN 6G A Yes
    05/08/08 RIVRSIDE Lease $24,500 26,168 Below IRI SIL 6G A Yes
    05/08/08 RIVRSIDE Lease $24,250 33,177 Below PEWTER 6G A Yes
    05/08/08 RIVRSIDE Lease $24,250 25,670 Below BLACK 6G A Yes
    05/08/08 RIVRSIDE Lease $23,750 23,451 Below BLACK 6G A No
    05/08/08 RIVRSIDE Regular $23,500 14,784 Below BLACK 6G A No
    05/07/08 W PALM Lease $30,000 23,359 Above OBS BLK 6G A No
    05/07/08 W PALM Lease $27,750 27,999 Avg ALP RAN 6G A Yes
    05/07/08 W PALM Lease $27,000 28,910 Avg ALP RAN 6G A Yes
    05/07/08 DALLAS Lease $27,000 22,844 Avg WHITE 6G A Yes
    05/06/08 ST LOUIS Lease $28,250 27,128 Above ALB WHT 6G A Yes
    05/06/08 ST LOUIS Lease $28,250 18,922 Above PEWTR 6G A Yes
    05/06/08 ST LOUIS Lease $28,000 28,897 Above BLK 6G A Yes
    05/06/08 ST LOUIS Lease $27,500 26,959 Avg OBS BLK 6G A Yes
    05/06/08 ST LOUIS Lease $27,250 19,569 Avg OBS BLK 6G A Yes
    05/06/08 ST LOUIS Lease $27,250 16,374 Avg IRI SIL 6G A Yes
    05/06/08 ST LOUIS Lease $26,750 24,197 Avg MAROON 6G A Yes
    05/06/08 ST LOUIS Lease $26,500 25,851 Avg ALP RAN 6G A Yes
    05/06/08 ST LOUIS Lease $26,500 21,549 Avg BLK 6G A Yes
    05/06/08 ST LOUIS Lease $26,250 27,794 Avg OBS BLK 6G A Yes
    05/06/08 ST LOUIS Lease $26,000 33,181 Avg BLK 6G A Yes
    05/06/08 ST LOUIS Lease $25,750 40,679 Avg BLK 6G A Yes
    05/06/08 ST LOUIS Lease $25,750 27,647 Avg PEWTR 6G A Yes
    05/06/08 ST LOUIS Lease $25,750 24,988 Avg IRI SIL 6G A Yes
    05/06/08 ST LOUIS Lease $25,500 30,806 Avg IRI SIL 6G A Yes
    05/06/08 ST LOUIS Lease $25,500 26,822 Avg PEWTR 6G A Yes
    05/06/08 ST LOUIS Lease $24,750 43,609 Below IRI SIL 6G A Yes
    05/06/08 ST LOUIS Lease $24,750 29,462 Below IRI SIL 6G A Yes
    05/06/08 ST LOUIS Lease $24,500 27,839 Below BLK 6G A Yes
    05/06/08 ST LOUIS Lease $24,250 45,635 Below CPR BLU 6G A Yes
    05/06/08 FAAO Regular $28,900 18,625 Above GOLD 6G A Yes
    Copyright © 1996-2008 Manheim Auctions

    R500's
    04/22/08 STATESVL Regular $28,700 34,489 Avg SILV 8G A Yes
    04/23/08 MILWAUKE Lease $25,750 16,481 Below PEWTR 8G A No
    04/24/08 RIVRSIDE Lease $28,750 35,890 Avg IRI SIL 8G A Yes
    04/25/08 MANHEIM Regular $30,500 37,867 Above WHITE 8G A Yes
    04/25/08 MANHEIM Regular $29,800 26,922 Above BLACK 8G A Yes
    04/30/08 KC Regular $26,600 39,146 Avg BLACK 8G A Yes
    04/30/08 ATLANTA Lease $26,500 33,851 Avg ALP RAN 8G A Yes
    05/01/08 MANHEIM Regular $30,800 27,188 Above BLACK 8G A Yes
    05/01/08 MANHEIM Lease $28,000 29,866 Avg PEWTR 8G A Yes
    05/01/08 MANHEIM Regular $28,000 26,974 Avg PEWTER 8G Yes
    05/01/08 MANHEIM Lease $26,000 40,269 Below IRI SIL 8G A Yes
    05/02/08 MANHEIM Regular $30,750 26,644 Above WHITE 8G A Yes
    05/02/08 MANHEIM Regular $29,700 34,263 Above BLACK 8G A Yes
    05/06/08 ST LOUIS Lease $29,250 11,674 Avg BLK 8G A Yes
    05/06/08 ST LOUIS Lease $28,750 22,960 Avg PEWTR 8G A Yes
    05/06/08 ST LOUIS Lease $27,750 25,946 Avg ALB WHT 8G A Yes
    05/07/08 W PALM Lease $27,750 19,809 Avg CPR BLU 8G A Yes
    05/07/08 NADE Regular $27,250 47,156 Avg SILVER 8G A Yes
    05/08/08 RIVRSIDE Lease $25,000 69,387 Below BLACK 8G A Yes
    05/08/08 DFW Lease $26,500 34,813 Avg BLACK 8G A Yes
    05/08/08 AWS Regular $32,000 32,627 Above Gray 8CY A No
    05/09/08 MANHEIM Regular $28,900 30,917 Avg BLACK 8G Yes
    05/14/08 SEATTLE Lease $27,000 27,620 Avg IRI SIL 8G A Yes
    05/14/08 SEATTLE Lease $25,500 33,063 Below PEWTR 8G A Yes
    05/14/08 ATLANTA Lease $28,500 21,721 Avg IRI SIL 8G A Yes
    05/14/08 ATLANTA Lease $27,250 23,546 Avg PEWTR 8G A Yes
    05/15/08 MANHEIM Lease $28,750 34,056 Avg IRI SIL 8G A Yes
    05/15/08 MANHEIM Lease $28,500 27,581 Avg ALB WHT 8G A Yes
    05/15/08 MANHEIM Lease $27,750 40,085 Avg BLACK 8G T Yes
    05/15/08 MANHEIM Lease $27,000 34,741 Avg PEWTR 8G T Yes
    05/16/08 MANHEIM Regular $25,000 55,466 Below BLACK 8G A Yes
    05/20/08 FAAO Lease $29,500 16,265 Avg IRI SIL 8G A Yes
    05/20/08 FAAO Lease $28,750 34,716 Avg ALB WHT 8G A Yes
    Copyright © 1996-2008 Manheim Auctions
  • bknycbknyc Member Posts: 61
    Thx for the info. Going to wait until June's #'s come out and probably will lease again
  • bknycbknyc Member Posts: 61
    Did they come out yet and are they better?
  • ocautoseekerocautoseeker Member Posts: 425
    2008 Mercedes R350
    24 M – Residual 56% of – .00050
    36 M – Residual 48% of – .00080
    48 M – Residual 36% of – .00080

    2008 Mercedes R350 4matic
    24 M – Residual 58% of – .00065
    36 M – Residual 49% of – .00095
    48 M – Residual 37% of – .00095

    Programs are for 15k annual miles. Add 2% for 12k, and 3% for 10k.
  • medphreakmedphreak Member Posts: 11
    Looks like they held the line from last month's numbers. Holding out for July then.

    Thank you OCautoseeker.

    medpP
  • andrew409andrew409 Member Posts: 1
    For an R350 AWD, metallic paint, with the P01 Package, 7 seat option, IPOD integration, heated front seats, and glass sunroof (not the panorama roof), I have been offered a capitalized least cost of $46,000. (This car has an MSRP $51,470).

    That seems like a good deal to me. Any thoughts?

    The lease payments, with $0 capitalized cost reduction, 12,000 miles per year, 33 months, should be about $635/month including tax of 7.35%. This based on a residual value of 55% and a money factor of .00075, which according to the dealer are the numbers MB is offering now under a new promotion.

    According to Edmunds, the invoice is $48,200 and there is $2,000 cash back to the dealer on leases, so this offer of $46,000 is slightly under the "net" invoice.
  • westguywestguy Member Posts: 3
    I am looking to lease an R. The deal on the table from the dealership is invoice minus $2K in MB lease dollars, but on Edmunds.com it looks like the dealer gets $6K in support and the TMV price is about $4K under invoice...........thoughts?
  • ctdanctdan Member Posts: 38
    Speaking with a couple of MB dealers to lease R350 AWD, P2, RSE, 7-seat, Panorama roof, ipod kit, 6-cd, heated seats.

    At one dealer: Invoice $56,170 for Alpine Rain : $2450 due at signing, he came down to $699/mo (from $722).

    At another dealer for similar vehicle $4700 at signing and $610/mo. Both inlcude taxes. Both scenarios strike me as high compared to what I have seen on this board. I'd be interested in other feedback.
  • westguywestguy Member Posts: 3
    Did the dealer quote you a final price that went with those payment numbers? Best I have been able to get to is $2K under invoice (this uses the $2K in MB lease cash), but Edmunds is reporting TMV's of about $4K under invoice.
  • ctdanctdan Member Posts: 38
    They didn't give me the final price, but did say that they used $2k in MB lease cash.
  • bknycbknyc Member Posts: 61
    I've been waiting to pull the trigger for 3 mos on a R350 4-matic w/ P2/pano/heated seats/IPod and 6 seater. Seems as if the prices have been going up? MSRP of 55,970...price was $589 in April, $609 in May and $619 in June. All 3 times NJ tax was included in the payment plus about $1800 due at delivery. Would have thought that the prices should be coming down w/ the 09s coming out in July. What's the story?

    Thoughts?
  • ctdanctdan Member Posts: 38
    Wow that is not very encouraging.

    I wonder if it is the RSE that is killing me because every dealer I speak with tells me once they add that to the P2 pkg the monthly nut for the lease is over $700. I was hoping to stay in the $585 - $620 range and the only way that is happening is if I drop 4k - 5k up front, which for a lease is ridiculous.
  • rmbalisarmbalisa Member Posts: 129
    the reason the price is going up is because the residuals are getting worse as time goes by. i leased at the end of december, and my 33 month residuals was 61% for 15k miles i think. i checked with one of the retail credit analysts at mb last week and it has dropped to 53%...meaning that the lessee will be paying more depreciation of the car in that 33 mo period.
  • bknycbknyc Member Posts: 61
    Good point on the residuals. Should I wait until the 09s come out or do you think they might change the money factor in July to move more cars?

    Thanks
  • joeslackerjoeslacker Member Posts: 10
    It's funny to see people talking about leasing here.
    Paying $600+/month for 24 months plus down payment, you are paying about $20k for 2 years!!
    Why not just buy it? It may cost $50k but it makes much more sense if you keep it for a few years longer, it worths the bucks to buy it.

    Plus, why would people buy a mercedes or bmw if they cannot afford it? i've seen people in my company probably make only around $60k a year but he drives a $40k bmw. And he thinks he can afford it because his paycheck has enough to cover the monthly lease. Well, it seems a lot of people are doing the same, but I just don't get it.
  • ctdanctdan Member Posts: 38
    I have both owned and leased over the years and the answer, at least for me is very simple. With just about any car, but especially with so called luxury vehicles once they reach about 60k - 70k on the odometer things start going south and the repairs on a luxury vehicle that is out of warranty are crazy.

    For example I own a 2001 Audi A6 that I purchased certified pre-owned when it came off of a lease (not mine) and after the extended warranty ran out I have been avg about $3k a year in repairs, mostly normal wear and tear (brakes, tires, etc.) plus a couple of other annoying items. Take that plus the $90 oil changes several times a year and it adds up, and is quite annoying as well.

    In my opinion it is just plain easier to lease and re-up for a newer model in 2-3 years. You keep a reasonable monthly payment, take advantage of the latest & greatest gadgets, advancements, etc., and you don't have to worry about the somewhat unexpected cost and inconvenience of repairs when things wear out or just plain break - which will happen with every car. Additionally you get better service/attention from the dealer beause they know when your lease runs out that you are going to be in the market again.

    I do not disagree with your point of making monthly lease payments with no ownership, but from my perspective you are also paying for the added convenience and piece of mind that you don't have to worry about being in the repair shop when things start to wear down, which they will over time.

    With regards to cost, affording a luxury vehicle is not an issue for me, but I am sure everyone would agree that no one wants to be paying more money for a similar vehicle then the next guy. That is why these forums are so popular so it can give the average joe some leverage when dealing with a vendor that histroically has stuck it to the uninformed buyer.
  • bknycbknyc Member Posts: 61
    Just heard that MB is offereing 3 month loyalty on the R class?
  • ferugiferugi Member Posts: 3
    They are-just traded my 2006 r 350 for a 2008 r 350
    my lease was scheduled to run out in Oct and the dealership called about a 3 month loyalty on the E class and then stated it was also valid on the r class--a good deal all in all-will have to pay overage in miles-did not want to roll them into a new lease
  • bknycbknyc Member Posts: 61
    Just picked up an 08 R350 4matic (MSRP of $56210) for $659 p/month for 33 months including NJ sales tax (7%) with no money at out pocket and the first payment paid by the dealer (Not a penny due at inception!!). I think I did ok?

    Thoughts?
  • rmbalisarmbalisa Member Posts: 129
    bknyc,
    do you have more info like the money factor, miles per year, and the negotiated amount paid for the car?
  • ferugiferugi Member Posts: 3
    sounds good to me
    ours was same -08 r350 4matic,etc... paid 783.00 out of pocket-which was basically first months' payment -payments 638.?? month for 36 months?

    did notice steering on 08 is mushy-i like the steering on 06 better-other than that very pleased
  • bknycbknyc Member Posts: 61
    10k miles per year....don't have the $ factor.
    Thanks
  • medphreakmedphreak Member Posts: 11
    Hello all -

    First, thank you for all of your contributions to this forum. I have gained tons of knowledge here.....just enough to be dangerous, I guess.

    After a few months of researching, I finally decided the time was right to get into an r350. Especially since the dealer stocks of 08 models are getting thin in some colors. Also, some of the deals people have been posting for purchases and leases have been great.

    I am looking at an R350 4matic with P2, ipod, 7 seat, 6cd and heated seats with an MSRP of about 56.5K. I am interested in leasing primarily.

    My local dealer proposed the following lease:

    33 months/15K miles
    $53988 gross cap cost (TTL, 3% Virginia tax)
    0.00110 money factor
    53% residual
    First month payment on delivery
    $829 / month

    This is a far cry from the deals elsewhere on the forum....what am I missing and where am I getting screwed?? What can I reasonably demand in the current market??

    I had anticipated a target cap cost (car only) of about MSRP-10K and having the lease calculated using the MB financial numbers of (24 Month – Residual 58% of MSRP – .00075 Base Rate)

    Thank you very much for any and all help.

    Don
  • rmbalisarmbalisa Member Posts: 129
    medphreak,

    the main reason why the payment is high is because of the 53% residual. when i got my r350 in december, the residual was 61%. therefore the 8% diff in depreciation during the lease period is huge. with the price of gas, no one wants to get a SUV, thus dropping the value. not to make you feel bad, but my lease is 33 months, 12k, for $455/mo with 9% tax included, for an 08 R350 with P1, heated front seats, Ipod and 7th seat.. nothing down except 1st payment and the acquisition fee was rolled into my payment.
  • solsatsolsat Member Posts: 8
    Vow, thats a really great deal if you got for $455/mon. I got mine with the P2 pkg and other regular stuff at $597/month including VA tax. Nothing down except the first month + $450 for processing etc.
  • bknycbknyc Member Posts: 61
    $829 is crazy!!! I just got the same exact car (2 weeks ago) for $659 p/month including NJ sales tax of 7% and zero (0) money due at delivery plus the dealer made the 1st payment! The only difference I can see is I have 12k miles per year. This dealer is taking you for a ride. Find another MB dealer!
  • medphreakmedphreak Member Posts: 11
    Solstat -

    Where did you do your lease in Virginia?

    Thx.
  • ferugiferugi Member Posts: 3
    Look into the money factors-make sure you are getting the best money factor-pay no more than $1,000.00 over invoice and they should subtract all the marketing and incentive money and that should put you around $50,000.00-even paying $53,000. you should pay no more than $750.00 a month

    we got our r 350 for $638.00 a month-p2 package-ipod package-rear cam, etc..-no metallic paint fee-12,000 miles a month for 36 months

    most dealerships will attempt to hide points in the back end-be prepared to buy elsewhere if you do not get the deal you want-shop multiple dealerships for deals

    do your research find out what kind of inventory your dealership has-the bigger dealerships are often able to give better deals b/c they have a lower multiplier

    skip the sales person and deal directly with the manager

    good luck
  • medphreakmedphreak Member Posts: 11
    Ok......another offer.

    R350 MSRP of 56170 + dest

    33 months/15k miles

    Net cap cost 50000
    MF 0.00075
    residual 53%
    2500 down to include TTL and first payment (Virginia)

    $714/month payment

    What do you all think?

    Thank you.
  • solsatsolsat Member Posts: 8
    It was at EuroMotor cars in Germantown, MD.
  • vchadvchad Member Posts: 97
    Medphreak,

    I'm not sure what this dealer is doing. They are clearly trying to take advantage of you. I live in Ann Arbor, MI. I recently went in shopping for a R350 or E350..ended up buying E-class. But for the R-class....they took $10,000 of MSRP literally before I even sat down to talk numbers. Once I sat down, they took $11,500 of MSRP. There is a $6000 REBATE from mercedes alone. this dealer is trying to sell you the car, at FULL MSRP...and only deducting from the rebate.

    clearly they are trying to rip you off. Plz dont take it the wrong way, dont settle for anything less than 10k off msrp. Tho i think 11k is common these days on an R350.

    If they insisit they can't go lower, just walk away, because this is bad deal. :mad:
  • gtligtli Member Posts: 27
    My R500 lease expires in September. Has anyone inquired about renewing their lease?
  • vinnynyvinnyny Member Posts: 764
    Let me guess: Tysinger Motors? I tried to buy one of their R350s--after telling them I knew about the $6k factory-to-dealer and special financing, they offered me $3k off MSRP and jacked up the rate by 1%. If/when I buy elsewhere, I'll let them service it for me because they're convenient...They'll make some of the money back on their $122 oil changes.
  • coryhoehn10coryhoehn10 Member Posts: 4
    Does anyone know if the $6,000 in trunk money that MB is offering on the R class applies to leases or just a purchase?

    Thanks!
  • westguywestguy Member Posts: 3
    I just leased an R350 and was told that the $6k could only be used on a purchase (and could not be combined with any special financing deals). There was $2k in lease money available - not sure if that is still in effect. I ended up doing the deal at $2K under invoice, and probably left some money on the table.
  • shanchen72shanchen72 Member Posts: 23
    NY Dealer

    MSRP about 53k
    Price 47k
    MF .00075
    Res 56% for 10k/yr 33mo.

    Monthly $585

    Decent deal?

    Also got offered $29,960 buy out price on my current 06 R350

    MSRP 56k-ish
    Price 49k-ish
    Paid 25 payments of $515 each
    18k miles

    They have a $12k reduction on current buy-out (residual) prices. Call MB financial if you are in the same position as me having lease maturing in several months.

    Don't know which is a better deal. I like the 08 for the auto folding mirror auto dimming mirror rearview camera and new 19" wheels and fog light etc.

    They somehow did make it flimsy looking by removing the woodtrim on the center console facing the second row.

    Did Aug 08 lease deals come out yet?

    Comments anyone?

    600th post!
  • kyfdxkyfdx Moderator Posts: 236,815
    My first choice would be the new lease... but.. how much due at signing?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • shanchen72shanchen72 Member Posts: 23
    about 3k due at signing. About 1900 is NY sales tax which you have to pay upfront. First month lease, fees etc.

    The value leftover for my current R is abysmal definitely less than 29k

    It's a great time to buy a used R now.
  • shanchen72shanchen72 Member Posts: 23
    BTW Does anyone know the current (today might be the last day) 3-mo payment promotion? How does it work? I have two payments left the dealer just told me that they will waive those which I don't think is much of a promotion at all.
  • costeljocosteljo Member Posts: 1
    Hi I am looking to lease a new 350 in ct, anybody have any guidance of best dealers to approach?
  • pinerivergalpinerivergal Member Posts: 15
    From FL, I dealt with MB of North Olmsted, in Ohio. They beat anything local hands down b/c of large dealership volume. Everything done by email, fax, and they transported it by truck from port, accompanied by a sales rep.
  • lklein1lklein1 Member Posts: 24
    I called MB Finance and was hoping to get the $12,000 off buyout. They took about $10,000 off and I still needed to make the remaining payments. I told them I would buy it today if they waived the remaining payments (around $2000 lease is up Nov 21st), but they said no dice. I only have 18,000 miles on the car and can put 27,000 so I am thinking of buying it. I am due with my next child Nov 17th, a few days before lease is up and thinking I would just rather buy than deal with finding another car right now however I am not going to pay more than what the car is worth. I may call back Sept 1st and see if they changed their tune since I think they will have a ton of these coming in since they were practically giving these away when I got mine.
  • rmbalisarmbalisa Member Posts: 129
    shanchen, so lets say your buy out at the end of the contract was 35k and they were willing to sell it for 25k? if you dont mind, what were your numbers?
  • lklein1lklein1 Member Posts: 24
    My contract buyout was $38,000 and they said I could buy it for $28,000 plus remaining lease payments.
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