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Mercedes-Benz R-Class Lease Questions

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Comments

  • rmbalisarmbalisa Member Posts: 129
    wow, thats not bad. my buyout is 32k after 33 months, but not due until 09/10. if it was reduced to 20k i might consider buying it...thanks for the info
  • pureautomobilepureautomobile Member Posts: 47
    Has anyone else confirmed that the current August '08 incentive on 2008 R-Class is only for purchases and not leases? Is this only regional? Has anyone in the West Coast (e.g. California) confirmed that the incentive is only good for purchases?
  • shanchen72shanchen72 Member Posts: 23
    Not sure what was the residual value but the 29.9k was already reduced by 12k. I guess it was a July deal. July was really the best time to get a used car. I mean, THIS July.

    Anyway I got the document they sent me and looks like the offer was for end of the lease term as well, not the CURRENT value. I still have 2 months to go.

    I have decided to get a new lease. Like the auto dimming mirrors, rearview cam, parking sensors, auto folding mirrors etc.
  • irishrogue1irishrogue1 Member Posts: 127
    interesting that MB is now offering $10k (maybe $12k??) discounts on the residuals - as recently as May, someone posted that they only offered a $4500 discount on an '06 24mo lease coming due. My 27 mos lease is up this fall with a $42k buyout. I suspect that the $10k adjustment will increase quite a bit in a few months as the '09s roll out.

    May wholesale auction #s for R500s ranged from $27-29k. I tihnk it is safe to assume that fall wholesale #s will drop another 5-8% as the '09s come out - so MB finance lower buyouts to right around $25-30k - I suspect they will keep buy out prices $1-3k above wholesale on a model that has very little retail re-sale appeal to dealers - otherwise they risk losing money at auction - god knows the dealers wont want but one or two 3 yr old R500s on their lots....
  • irishrogue1irishrogue1 Member Posts: 127
    here are the most recent wholesale auction prices on the '06 R500. With a high price of about $26k - this obviously supports MBUSA negotiating buyouts down $10-12k and probably means they will have to drop them close to $15k unless they want to lose more money sending them to auction. If a dealer wants to resell a car coming off lease, how does MBUSA set the price that the dealer pays? Is it based on reported auction figures? ( trust me that I am not suggesting dealers want used Rs on their lot....).

    Here you go for the 06 MB R500's

    08/13/08 MILWAUKE Lease $25,750 13,486 Above OBS BLK 8G A Yes
    08/13/08 MILWAUKE Lease $25,000 30,424 Above PEWTR 8G A Yes
    08/13/08 MILWAUKE Lease $25,000 21,597 Above BLACK 8G A Yes
    08/13/08 MILWAUKE Lease $24,500 28,438 Avg ALB WHT 8G A Yes
    08/13/08 MILWAUKE Lease $24,000 20,154 Avg ALP RAN 8G A Yes
    08/13/08 MILWAUKE Lease $23,750 45,462 Avg BLACK 8G A Yes
    08/13/08 MILWAUKE Lease $23,750 24,751 Avg IRI SIL 8G A Yes
    08/13/08 MILWAUKE Lease $23,750 22,300 Avg PEWTR 8G A Yes
    08/13/08 MILWAUKE Lease $23,000 23,320 Avg ALP RAN 8G A Yes
    08/13/08 MILWAUKE Lease $21,750 42,528 Below BLACK 8G A Yes
    08/13/08 MILWAUKE Lease $21,750 33,919 Below PEWTR 8G T Yes
    08/13/08 MILWAUKE Lease $21,250 31,476 Below PEWTR 8G A Yes
    08/13/08 MILWAUKE Lease $20,250 40,363 Below IRI SIL 8G A No
    08/12/08 FAAO Lease $25,000 14,674 Above ALP RAN 8G A Yes
    08/12/08 FAAO Lease $24,750 17,842 Avg BLACK 8G A Yes
    08/12/08 FAAO Lease $24,500 25,001 Avg IRI SIL 8G A Yes
    08/12/08 FAAO Lease $23,000 40,375 Avg OBS BLK 8G A Yes
    08/12/08 FAAO Lease $22,750 39,796 Avg CPR BLU 8G A Yes
    08/07/08 NEVADA Regular $25,000 21,463 Above BLACK 8G A Yes
    08/07/08 NEVADA Lease $24,500 16,761 Avg ALB WHT 8G A Yes
    08/07/08 NEVADA Lease $23,750 20,849 Avg OBS BLK 8G A Yes
    08/07/08 NEVADA Lease $23,500 30,475 Avg PEWTR 8G A Yes
    08/07/08 NEVADA Lease $20,000 47,985 Below PEWTR 8G A Yes
    08/07/08 MANHEIM Regular $26,000 16,418 Above ALB WHT 8G T Yes
    08/07/08 MANHEIM Lease $25,500 20,402 Above ALB WHT 8G T Yes
    08/07/08 MANHEIM Lease $25,000 19,955 Above IRI SIL 8G T Yes
    08/07/08 MANHEIM Lease $24,750 23,936 Avg BLACK 8G A Yes
    08/07/08 MANHEIM Lease $23,750 34,700 Avg BAR RED 8G T Yes
    08/07/08 MANHEIM Lease $23,250 23,293 Avg ALP RAN 8G T Yes
    08/07/08 MANHEIM Lease $23,000 20,058 Avg WHITE 8G A Yes
    08/07/08 MANHEIM Regular $22,750 35,327 Avg SILVER 8G A Yes
    08/06/08 SEATTLE Lease $24,000 34,645 Avg PEWTR 8G A Yes
    08/05/08 RIVRSIDE Lease $22,000 30,015 Avg IRI SIL 8G A Yes
    08/05/08 RIVRSIDE Lease $21,750 33,588 Below PEWTER 8G A Yes
    08/05/08 FAAO Lease $18,800 70,048 Below PEWTR 8G A Yes
    08/05/08 DFW Lease $25,500 34,201 Above BLACK 8G A Yes
    08/05/08 DFW Lease $25,500 16,753 Above PEWTR 8G A Yes
    08/05/08 DFW Lease $25,250 26,079 Above ALB WHT 8G A Yes
    08/05/08 DFW Lease $24,750 26,568 Avg ALB WHT 8G A Yes
    08/05/08 DFW Lease $22,500 22,711 Avg IRI SIL 8G A Yes
    08/05/08 DFW Lease $22,250 40,992 Avg OBS BLK 8G A Yes
    07/31/08 RIVRSIDE Regular $26,500 26,443 Above BLACK 8G A No
    07/31/08 RIVRSIDE Lease $23,250 33,506 Avg BLACK 8G A Yes
    07/30/08 W PALM Lease $25,250 19,673 Above BLACK 8G A Yes
    07/30/08 W PALM Lease $24,500 22,435 Avg ALP RAN 8G A Yes
    07/30/08 W PALM Lease $24,000 27,551 Avg IRI SIL 8G A Yes
    07/30/08 W PALM Lease $22,500 38,768 Avg PEWTR 8G A Yes
    07/30/08 MILWAUKE Lease $24,500 27,276 Avg CPR BLU 8G A Yes
    07/24/08 MANHEIM Lease $26,500 19,027 Above SILVER 8G A Yes
    07/24/08 MANHEIM Lease $24,500 25,315 Avg ALB WHT 8G A Yes
    07/24/08 MANHEIM Lease $24,500 14,165 Avg BLACK 8G T Yes
    07/24/08 MANHEIM Lease $24,000 31,963 Avg OBS BLK 8G A Yes
    07/24/08 MANHEIM Lease $22,000 41,839 Avg BLACK 8G T Yes
    07/23/08 SEATTLE Lease $22,000 23,235 Avg BLACK 8G A No
    07/23/08 NADE Regular $23,800 50,849 Avg Silver 8G A Yes
    07/23/08 ATLANTA Lease $24,750 29,695 Avg ALB WHT 8G A Yes
    07/23/08 ATLANTA Lease $24,000 32,403 Avg PEWTR 8G A Yes
    07/23/08 ATLANTA Lease $23,500 29,895 Avg IRI SIL 8G A Yes
    07/23/08 ATLANTA Lease $23,000 45,083 Avg BLACK 8G A Yes
    07/23/08 ATLANTA Lease $21,750 37,613 Below ALP RAN 8G A Yes
    07/23/08 ALOHA Lease $23,000 25,699 Avg IRI SIL 8G A Yes
    07/22/08 SKYLINE Regular $21,000 77,821 Below WHITE 8G A Yes
    07/18/08 MANHEIM Lease $24,000 34,580 Avg OBS BLK 8G A Yes
    07/18/08 MANHEIM Lease $23,750 28,800 Avg PEWTR 8G A Yes
    07/17/08 ATLANTA Lease $23,500 13,889 Avg PEWTR 8G A Yes
    07/16/08 MILWAUKE Lease $26,500 19,398 Above BLACK 8G A Yes
    07/15/08 GA DLRS Regular $29,900 18,625 Above Silver A No
    07/15/08 FAAO Lease $28,000 10,421 Above ALB WHT 8G A No
    07/15/08 FAAO Lease $24,750 23,122 Avg IRI SIL 8G A Yes
    07/15/08 FAAO Lease $24,750 18,681 Avg IRI SIL 8G A Yes
    07/15/08 FAAO Lease $24,750 15,822 Avg IRI SIL 8G A Yes
    07/15/08 FAAO Lease $24,250 26,486 Avg ALB WHT 8G A Yes
    07/15/08 FAAO Lease $24,250 16,719 Avg ALB WHT 8G A Yes
    07/15/08 FAAO Lease $24,000 21,851 Avg CPR BLU 8G A Yes
    07/15/08 FAAO Lease $23,500 38,431 Avg IRI SIL 8G A Yes
    07/15/08 FAAO Lease $23,000 22,659 Avg ALB WHT 8G A Yes
    Copyright © 1996-2008 Manheim Auctions
  • lklein1lklein1 Member Posts: 24
    Awesome info.

    Can you possibly post the R350 info --even if its just Manheim.

    Thanks a bunch. I would love to buy out my lease, but want to get it around $25,000 .
  • irishrogue1irishrogue1 Member Posts: 127
    here are the '06 R350 #s from a week earlier -

    08/08/08 RIVRSIDE Regular $27,725 22,297 Above Black 6CY A No
    08/08/08 NEVADA Lease $19,500 27,394 Below CPR BLU 6G A No
    08/08/08 MANHEIM Regular $24,400 30,696 Above WHITE 6G A Yes
    08/08/08 MANHEIM Regular $24,300 26,845 Above SILVER 6G A Yes
    08/08/08 MANHEIM Lease $24,250 16,270 Above ALB WHT 6G T Yes
    08/08/08 MANHEIM Lease $24,000 21,768 Above PEWTR 6G T Yes
    08/08/08 MANHEIM Lease $23,000 12,274 Avg DES SIL 6G A Yes
    08/08/08 MANHEIM Regular $22,250 50,424 Avg SILVER 6G A Yes
    08/08/08 MANHEIM Regular $21,900 55,291 Avg BLACK 6G A Yes
    08/08/08 MANHEIM Lease $21,500 11,824 Avg GREEN 6G T Yes
    08/08/08 MANHEIM Lease $19,500 32,188 Below GREEN 6G A Yes
    08/08/08 MANHEIM Lease $19,000 25,713 Below GREEN 6G A No
    08/07/08 W PALM Lease $23,600 40,190 Above ALB WHT 6G A Yes
    08/07/08 W PALM Lease $22,200 29,570 Avg BLACK 6G A Yes
    08/07/08 W PALM Lease $21,600 31,401 Avg DES SIL 6G A Yes
    08/07/08 W PALM Lease $21,000 34,502 Avg IRI SIL 6G A Yes
    08/07/08 NEVADA Lease $25,500 20,839 Above ALB WHT 6G A Yes
    08/07/08 NEVADA Lease $24,750 22,219 Above BLACK 6G A Yes
    08/07/08 NEVADA Lease $23,250 21,403 Avg ALB WHT 6G A Yes
    08/07/08 NEVADA Lease $23,250 13,669 Avg IRI SIL 6G A Yes
    08/07/08 NEVADA Lease $23,000 22,113 Avg PEWTR 6G A Yes
    08/07/08 NEVADA Lease $23,000 21,285 Avg PEWTR 6G A Yes
    08/07/08 NEVADA Lease $22,000 23,526 Avg BAR RED 6G A Yes
    08/07/08 NEVADA Lease $22,000 23,161 Avg ALB WHT 6G A Yes
    08/07/08 NEVADA Lease $22,000 21,497 Avg ALB WHT 6G A Yes
    08/07/08 NEVADA Lease $22,000 18,605 Avg BLACK 6G A Yes
    08/07/08 NEVADA Lease $22,000 17,932 Avg ALB WHT 6G A Yes
    08/07/08 NEVADA Lease $22,000 12,259 Avg IRI SIL 6G A Yes
    08/07/08 NEVADA Lease $21,750 17,963 Avg BLACK 6G A Yes
    08/07/08 NEVADA Lease $21,500 29,553 Avg ALB WHT 6G A Yes
    08/07/08 NEVADA Lease $21,250 30,930 Avg BLACK 6G A Yes
    08/07/08 NEVADA Lease $21,000 30,584 Avg DES SIL 6G A Yes
    08/07/08 NEVADA Lease $20,500 35,418 Below BLACK 6G A Yes
    08/07/08 NEVADA Lease $20,250 26,046 Below IRI SIL 6G A Yes
    08/07/08 MANHEIM Lease $26,500 26,952 Above IRI SIL 6G A No
    08/07/08 MANHEIM Regular $26,250 43,906 Above BLACK 6G A No
    08/07/08 MANHEIM Regular $25,000 30,328 Above BLACK 6G O Yes
    08/07/08 MANHEIM Lease $24,750 22,968 Above ALB WHT 6G T Yes
    08/07/08 MANHEIM Lease $24,500 19,182 Above BLACK 6G T Yes
    08/07/08 MANHEIM Lease $24,250 11,003 Above IRI SIL 6G T Yes
    08/07/08 MANHEIM Lease $24,000 25,942 Above ALP RAN 6G A Yes
    08/07/08 MANHEIM Lease $23,750 31,908 Above BLACK 6G T Yes
    08/07/08 MANHEIM Lease $23,750 31,469 Above IRI SIL 6G A Yes
    08/07/08 MANHEIM Lease $23,500 28,472 Avg BLACK 6G T Yes
    08/07/08 MANHEIM Lease $23,500 20,224 Avg ALB WHT 6G T Yes
    08/07/08 MANHEIM Lease $23,500 17,026 Avg ALP RAN 6G T Yes
    08/07/08 MANHEIM Regular $23,250 52,638 Avg SILVER 6G A Yes
    08/07/08 MANHEIM Lease $23,250 29,336 Avg IRI SIL 6G T Yes
    08/07/08 MANHEIM Lease $23,250 23,045 Avg PEWTR 6G A Yes
    08/07/08 MANHEIM Lease $23,250 20,842 Avg BAR RED 6G T Yes
    08/07/08 MANHEIM Lease $23,250 19,645 Avg PEWTR 6G T Yes
    08/07/08 MANHEIM Regular $23,000 26,969 Avg PEWTR 6G A Yes
    08/07/08 MANHEIM Lease $23,000 12,594 Avg OBS BLK 6G A Yes
    08/07/08 MANHEIM Lease $22,750 26,564 Avg BLACK 6G A Yes
    08/07/08 MANHEIM Lease $22,750 25,439 Avg IRI SIL 6G T Yes
    08/07/08 MANHEIM Lease $22,500 29,262 Avg ALP RAN 6G T Yes
    08/07/08 MANHEIM Lease $22,500 27,030 Avg ALB WHT 6G T Yes
    08/07/08 MANHEIM Lease $22,500 26,773 Avg IRI SIL 6G T Yes
    08/07/08 MANHEIM Lease $22,500 24,050 Avg PEWTR 6G T Yes
    08/07/08 MANHEIM Regular $22,500 20,113 Avg BLACK 6G A Yes
    08/07/08 MANHEIM Lease $22,500 17,028 Avg ALP RAN 6G A Yes
    08/07/08 MANHEIM Lease $22,000 26,349 Avg ALB WHT 6G T Yes
    08/07/08 MANHEIM Lease $21,750 30,641 Avg BAR RED 6G A Yes
    08/07/08 MANHEIM Regular $21,700 34,156 Avg LT BLUE 6G A Yes
    08/07/08 MANHEIM Lease $21,500 36,646 Avg ALP RAN 6G A Yes
    08/07/08 MANHEIM Lease $21,500 35,899 Avg ALP RAN 6G T Yes
    08/07/08 MANHEIM Lease $21,500 20,287 Avg ALP RAN 6G A Yes
    08/07/08 MANHEIM Lease $18,750 45,785 Below ALB WHT 6G T Yes
    08/07/08 CHICAGO Regular $20,250 43,446 Below BLK 6G A Yes
    08/07/08 ATLANTA Lease $23,250 26,029 Avg PEWTR 6G A Yes
    08/07/08 ATLANTA Lease $22,000 34,741 Avg BLACK 6G A Yes
    08/07/08 ATLANTA Lease $21,750 38,724 Avg IRI SIL 6G A Yes
    08/07/08 ATLANTA Lease $18,750 52,179 Below BLACK 6G A Yes
    08/06/08 W PALM Lease $26,000 13,152 Above BLACK 6G A Yes
    08/06/08 W PALM Lease $22,000 26,263 Avg ALB WHT 6G A Yes
    08/06/08 SEATTLE Lease $24,500 14,343 Above ALB WHT 6G A Yes
    08/06/08 SEATTLE Lease $24,250 25,171 Above PEWTR 6G A Yes
    08/06/08 SEATTLE Lease $23,000 33,594 Avg IRI SIL 6G A Yes
    08/06/08 SEATTLE Lease $20,250 28,492 Below BLACK 6G A Yes
    08/06/08 SEATTLE Lease $18,500 50,268 Below BLACK 6G A Yes
    08/06/08 MILWAUKE Lease $22,250 33,340 Avg DES SIL 6G A Yes
    08/06/08 MILWAUKE Lease $20,000 34,633 Below ALB WHT 6G T Yes
    08/05/08 DFW Lease $23,750 21,228 Above BLACK 6G A Yes
    08/05/08 DFW Lease $23,500 16,070 Avg IRI SIL 6G A Yes
    08/05/08 DFW Lease $22,750 26,815 Avg BLACK 6G A Yes
    08/05/08 DFW Lease $22,500 35,784 Avg BLACK 6G A Yes
    08/05/08 DFW Lease $22,500 21,244 Avg BLACK 6G A Yes
    08/05/08 DFW Lease $22,250 34,183 Avg IRI SIL 6G A Yes
    08/05/08 DFW Lease $22,000 22,593 Avg DES SIL 6G A Yes
    08/05/08 DFW Lease $21,750 35,012 Avg ALB WHT 6G A Yes
    08/05/08 DFW Lease $21,500 14,920 Avg ALB WHIT 6G A Yes
    08/05/08 DFW Lease $21,000 19,606 Avg OBS BLK 6G A Yes
    08/05/08 DFW Lease $20,500 33,403 Below IRI SIL 6G A Yes
    08/05/08 DFW Lease $20,250 39,356 Below BLACK 6G A Yes
    08/05/08 DFW Lease $20,000 33,559 Below CPR BLU 6G A Yes
    08/05/08 DFW Lease $19,750 25,380 Below PEWTR 6G A Yes
    08/05/08 DFW Lease $19,000 43,762 Below IRI SIL 6G A Yes
    08/05/08 DFW Lease $19,000 24,031 Below BAR RED 6G A No
    08/05/08 DFW Lease $19,000 22,492 Below ALB WHT 6G A No
    08/05/08 BALTWASH Regular $25,460 55,875 Above MRN 6G A No
    Copyright © 1996-2008 Manheim Auctions
  • lklein1lklein1 Member Posts: 24
    Thank you. My lease is up in November and they told me to call back after the first of the month to see if they could do better so maybe they will keep trending downward. Hmmm although as colder weather comes maybe more will be interested in AWD and the prices will hold.
  • irishrogue1irishrogue1 Member Posts: 127
    with the '09s coming and little demand for this model, there is little doubt that prices will continue to fall.
  • samir2samir2 Member Posts: 5
    I am planning to lease a 2008 R350 this month.

    Could some one please tell me what was the Residual % and the Term (36 vs 48 months) they have got from MB dealers?

    Also the money factor or the APR?
  • irishrogue1irishrogue1 Member Posts: 127
    lklein1 (or anyone else) have you contacted MB again to see if the buyout discounts have dropped any more? '09s are on the lots and they sold less than 500 Rs in August (half the # they sold in august '07)....
  • irishrogue1irishrogue1 Member Posts: 127
    thought folks might like to see the most recent auction prices - they actually went up a bit as compared to July/August with some low mileage, above avg R500s going through....hopefully the economic woes will drag those #s back down going into next month....

    IF ANYONE HAS BOUGHT OUT OR IS BUYING OUT THEIR LEASE FROM MB, PLEASE POST YOUR "EXPERIENCE" ON THIS BOARD.

    06' MB R500's
    09/22/08 RIVRSIDE Lease $23,750 29,674 Avg PEWTER 8G A Yes
    09/22/08 RIVRSIDE Lease $23,250 23,955 Avg PEWTR 8G A Yes
    09/22/08 RIVRSIDE Lease $23,250 21,915 Avg PEWTER 8G A Yes
    09/22/08 RIVRSIDE Lease $23,000 25,979 Avg IRI SIL 8G A Yes
    09/22/08 RIVRSIDE Lease $23,000 21,479 Avg PEWTER 8G A Yes
    09/22/08 RIVRSIDE Lease $22,750 22,839 Avg PEWTR 8G A Yes
    09/22/08 RIVRSIDE Lease $22,000 36,340 Below IRI SIL 8G A Yes
    09/22/08 RIVRSIDE Lease $22,000 33,519 Below IRI SIL 8G A Yes
    09/22/08 RIVRSIDE Lease $22,000 31,483 Below BAR RED 8G A Yes
    09/22/08 MANHEIM Lease $26,000 17,409 Above IRI SIL 8G T Yes
    09/22/08 MANHEIM Lease $25,500 13,095 Above IRI SIL 8G A Yes
    09/22/08 MANHEIM Lease $24,750 44,076 Avg CPR BLU 8G A Yes
    09/22/08 MANHEIM Lease $24,750 30,476 Avg IRI SIL 8G A Yes
    09/19/08 MANHEIM Regular $24,600 32,542 Avg BLACK 8G A Yes
    09/18/08 MANHEIM Lease $26,500 10,646 Above PEWTR 8G T Yes
    09/18/08 MANHEIM Lease $25,000 24,431 Above CPR BLU 8G T Yes
    09/18/08 MANHEIM Regular $24,500 36,918 Avg WHITE 8G A Yes
    09/18/08 MANHEIM Lease $23,750 37,244 Avg BLACK 8G T Yes
    09/18/08 DFW Lease $23,000 29,363 Avg IRI SIL 8G A Yes
    09/18/08 CHICAGO Regular $22,750 14,296 Avg SILV 8G A Yes
    09/17/08 SEATTLE Regular $20,000 37,354 Below GRAY 8G A No
    09/17/08 NASHVILL Lease $23,250 26,107 Avg PEWTR 8G A Yes
    09/17/08 MINNEAP Regular $21,400 53,971 Below BLACK 8G A Yes
    09/17/08 MILWAUKE Lease $23,000 14,782 Avg PEWTR 8G T Yes
    09/17/08 ATLANTA Lease $27,750 19,278 Above BLACK 8G A No
    09/17/08 ATLANTA Lease $24,750 24,655 Avg PEWTR 8G A Yes
    09/17/08 ALOHA Lease $25,250 7,398 Above IRI SIL 8G A Yes
    09/16/08 BALTWASH Lease $22,800 35,876 Avg BLUE 8G A Yes
    09/11/08 RIVRSIDE Lease $23,750 48,643 Avg BLACK 8G A Yes
    09/11/08 RIVRSIDE Factory $19,000 8,958 Below OBS BLK 8G A No
    09/11/08 GTR TMPA Regular $20,400 59,765 Below SILVER 8G A Yes
    09/11/08 CHICAGO Regular $22,600 37,064 Avg TAN 8G A Yes
    09/11/08 ATLANTA Lease $20,500 36,379 Below ALP RAN 8G A Yes
    09/10/08 NASHVILL Regular $23,500 24,783 Avg DES SIL 8G A Yes
    09/10/08 MILWAUKE Lease $25,000 29,662 Above IRI SIL 8G A Yes
    09/10/08 MILWAUKE Lease $23,750 33,151 Avg ALP RAN 8G T Yes
    09/10/08 MILWAUKE Lease $23,500 37,387 Avg DES SIL 8G T Yes
    09/10/08 MILWAUKE Lease $22,750 32,095 Avg IRI SIL 8G T Yes
    09/10/08 MILWAUKE Lease $21,250 30,828 Below BAR RED 8G A Yes
    09/09/08 MANHEIM Regular $24,000 46,064 Avg BLACK 8G A Yes
    09/04/08 NEVADA Lease $23,750 43,828 Avg IRI SIL 8G A Yes
    09/04/08 NEVADA Lease $23,000 35,942 Avg ALB WHT 8G A Yes
    09/04/08 NEVADA Lease $21,500 38,895 Below IRI SIL 8G A Yes
    09/04/08 MANHEIM Lease $25,500 8,399 Above ALB WHT 8G T Yes
    09/04/08 MANHEIM Lease $24,250 21,834 Avg IRI SIL 8G T Yes
    09/04/08 MANHEIM Regular $23,500 47,318 Avg BLACK 8G A Yes
    09/04/08 MANHEIM Lease $23,250 23,082 Avg IRI SIL 8G T Yes
    09/04/08 MANHEIM Lease $22,500 25,425 Avg PEWTR 8G T Yes
    09/04/08 MANHEIM Lease $22,250 32,798 Avg BLACK 8G T Yes
    09/04/08 ATLANTA Lease $19,500 15,930 Below IRI SIL 8G A No
    09/03/08 SEATTLE Lease $24,500 28,364 Avg IRI SIL 8G A Yes
    09/03/08 NASHVILL Lease $25,750 10,076 Above BLK 8G A Yes
    09/03/08 NASHVILL Lease $25,000 13,244 Above ALB WHT 8G A Yes
    09/03/08 NASHVILL Lease $24,500 20,068 Avg PEWTER 8G A Yes
    09/02/08 DFW Lease $25,500 15,367 Above IRI SIL 8G A Yes
    09/02/08 DFW Lease $23,500 20,151 Avg ALB WHT 8G A Yes
    08/29/08 MANHEIM Regular $24,750 34,022 Avg BLACK 8G A Yes
    08/29/08 MANHEIM Regular $24,300 35,912 Avg SILVER 8G A Yes
    08/28/08 RIVRSIDE Lease $23,750 22,903 Avg BLACK 8G A Yes
    08/28/08 RIVRSIDE Lease $23,250 21,954 Avg IRI SIL 8G A Yes
    08/28/08 RIVRSIDE Lease $23,000 23,136 Avg BLACK 8G A Yes
    08/27/08 W PALM Lease $26,500 15,747 Above BLACK 8G A Yes
    08/27/08 W PALM Lease $25,500 26,412 Above BLACK 8G A Yes
    08/27/08 W PALM Lease $23,750 13,429 Avg ALP RAN 8G A Yes
    08/27/08 W PALM Lease $23,250 45,233 Avg IRI SIL 8G A Yes
    08/27/08 W PALM Lease $22,800 31,063 Avg SILVER 8G A Yes
    08/27/08 W PALM Regular $20,500 46,248 Below BLACK 8G A Yes
    08/26/08 FAAO Regular $24,800 31,170 Avg SILVER 8G A Yes
    Copyright © 1996-2008 Manheim Auctions
  • lklein1lklein1 Member Posts: 24
    Thanks for posting these. I may call later in the week to see if they have come down any on there buyout and will post. I just don't know if i should just wait until after Nov 1st to see if it will go lower. I got my paperwork last week that it is time to have it inspected for turn in etc. Lease is up Nov 21st. I wonder when the bulk of the R classes they were giving away will be coming in. I would consider leasing a new one if the payment was anywhere near my current one, but its not.
  • vtraudtvtraudt Member Posts: 52
    Could you explain to the non expert like my what the columns in the table mean?
  • kyfdxkyfdx Moderator Posts: 236,555
    I can take a stab at most of it..

    09/22/08 RIVRSIDE Lease $23,750 29,674 Avg PEWTER 8G A Yes

    09/22 -- Date of sale at auction

    RIVRSIDE -- Location of auction (Riverside, CA, I'd guess)

    Lease -- Source of vehicle (off-lease)

    $23,750 -- Selling price at auction

    29,674 -- Mileage on this vehicle

    Avg -- Condition, either Above, Average, Below -- Mostly related to miles

    PEWTER -- Color of car

    8G -- Usually engine size (V8?)

    A -- Automatic

    Yes (not sure)

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  • irishrogue1irishrogue1 Member Posts: 127
    thanks to our host....you saved me some typing..

    the "big" thing that is missing of course from the auction details are the options on these vehicles. But given the relatively close price spread, you can tell that even very well optioned cars do not command much of a premium wholesale despite possibly costing $10-20k over "base" vehicles when new....

    i will post updated auction #s later this month.

    to those with Novembe lease ends, PLEASE keep checking and posting on this thread so we that we can all benefit and help one another.

    i expect to call MBUSA later this month to discuss the buyout price and see where they start. I fully plan to have recent auction #s at hand and am going to push for a buyout as close to the average wholesale price as I can. I am also curious what kind of financing they will offer....i can get 4.75% for 3yrs, or 5% for 4 yrs.
  • lklein1lklein1 Member Posts: 24
    My husband called this morning to see if my buyout has gotten any better. It was the same deal $28,800. They would not negotiate. He told him we could pay cash or finance--if one or the other options would make the deal better -- it didn't.
    We will call back after Nov 1st to check one last time, but it looks like I will be getting a different car b/c I am not going to pay more than what other local non MB dealers have them listed for around here. Also, got rough quote of $700 on 2009 lease, while I could afford that much of a payment I just don't think its wise -- I've been listening to Dave Ramsey too much lately.
  • irishrogue1irishrogue1 Member Posts: 127
    i agree. they must not have the auction data...the decision needs to be made higher up internally to price them just over wholesale. An MB dealer certainly wouldnt take it from MBFinance for $28k to resell when the dealer could get one at auction for $22-25k. And MBF hsa to know at a higher level internally that it has NOT chance of fetching even close $28k at auction....Give it a little time....Im going to push hard when i call and get past the leasing rep if need be to someone higher up.
  • shoreboundshorebound Member Posts: 6
    I've called a couple of times and they quoted a 6.99% interest rate. Anyone getting anything different? I think by the end of the month the dramatic drop-off in sales will motivate them.
  • whitdogwhitdog Member Posts: 5
    Anyone attempted to continue their lease or renegotiate payments based on residuals?

    What are some of the "typical" offers on the '08 and '09 R350's? My lease is due Nov 18th. Wouldn't mind holding on to the car, but also would obv roll into a new one if the deal is good. Current lease payment on 06 R350 P1 pkg is $595/mo incl tax (PA) 10k annual miles (slightly over there).

    Any recent experience?
  • merseemersee Member Posts: 12
    As a comparison to using auction results to negotiate lease buyouts, I just bought an 08 R350 4M from a NJ auction. It was a MB executive lease return. It has only 3,800 miles, P2 package, no panoramic roof, showroom condition, and paid $31, 250. Good deal?
  • irishrogue1irishrogue1 Member Posts: 127
    i would say yes. ill get updated auction #s on '06s this week and post them. that price would put clean low mileage '06 350s in the mid to high 20s...
  • merseemersee Member Posts: 12
    I went there with the intention of purchasing a low mileage 06, and from what I remember,they were going from $19K-$23K with miles ranging from 30K to 16K respectively. It was a good day for buyers generally.
  • irishrogue1irishrogue1 Member Posts: 127
    that sound right....i was thinking 500s as I typed...
  • mjf415mjf415 Member Posts: 13
    A dealer today in CT told me the interest rates to lease an '08 R350s was 9% while the rates on an '09 are ~ 4.5%. I'm looking for an '08 and the associated $9,000 dealer incentives but if the interest rates through Mercedes Benz really are that high I may reevaluate. Can anyone confirm this info? By the way, my R500 is coming off lease next month and they quoted me a buyout of $28,100 with 22,000 miles. If I extend the lease for another year they want to RAISE my payment from a little over $600 to $697. Thanks for any help you can offer.
  • jprescott1jprescott1 Member Posts: 29
    Mfj415, my R500 is comming off lease soon. Residual is $40k. Did you get your buyout quote from the dealer of MB finance? I would pay $30K for mine. 20k miles, NAV MSRP was 63k(we had cap cost of $48k). I don't know best rout. JUST baught my 06' A8L from dealer and Audi finance would not budge! This was before market crash though.
  • irishrogue1irishrogue1 Member Posts: 127
    you have to directly to MBF. not the dealer. it is funny that lease extensions always seem to be a rip off... i never understood that.

    for whatever reson i thought that my lease was up next month...it is actually not up ti mid Jan.

    I have a 42k buyout (27mo lease) based on a 63k msrp.

    i hope to have updated auction #s to post tomorrow so you all can call and know exactly what they are selling for.... shooting for a buyout a grand or two over auction prices seems reasonable...
  • jprescott1jprescott1 Member Posts: 29
    irishrogue1 you are right where I am. Mid Jan off 27 months. So if I call MBF will they negotiate over the phone or do they stick to buyout? Advice on how to play this game would be appreciated.
  • irishrogue1irishrogue1 Member Posts: 127
    i m new to this as well....there is "evidence" on this board that MBF has been knocking $10-12k off buyouts on the R to get pricing closer to wholesale numbers. As best I can tell the negotiated #s still seem to be $3-8k over wholesale #s. I think the goal is to shoot for a negotiated buyout that is maybe $1-2k over the highest above avg auction price for such model....i do not understand why MBF would settle for $22k for a car at auction rather than negotiate down from $42k and try to make a few thousand once they realize that they arent going to make $20k when you walk away....
  • mjf415mjf415 Member Posts: 13
    I don't recall my residual at the time I leased the car, but the original sticker was about $63,500 for my R500 and the negotiated price was around $51,000--they were offering something like $12,000 dealer incentives at that point (November '06). I had a 24 month lease that is coming due in a few weeks. MBF told quoted me a 'special' buyout offer of $28,100 with 24,000 miles on the car. I'm not interested in buying because I expect that depreciation will continue to be pretty severe. We've been happy with the car but maintenance is expensive and will only become more of an issue as the miles add up. I'll call MBF, ask for the '08 money factors, and then post them here.
  • irishrogue1irishrogue1 Member Posts: 127
    if $28,500 is their first offer, that is not a bad place to start....low mileage above avg condition could fetch $26-27k at auction based on prices from Aug/Sept. I m still trying to get late Sept/Oct prices to post....
  • lklein1lklein1 Member Posts: 24
    My experience is they won't negotiate from what they tell you and won't let you talk to anyone else to negotiate. If anyone else gets past the price they give, please post how. I think I'm going to have to turn my car in and buy anothe 06 from somewhere else which is a bummer. My husband did find and negotiate an 06 R500 from a Ford dealership for $25,750. It was nice -- 17,000 miles on it, but it didn't have navigation or parking sensors -- 2 things I really like on my car.
  • cary28cary28 Member Posts: 53
    My 06 R350 lease is ending this month, and I will really miss the luxury and comfort of this truly amazing crossover vehicle. Our family had quite a few road trips, including numerous drives from Northern Cal to San Diego, ski trips to Lake Tahoe, and enjoyable jaunts along the Pacific coastline.

    The R350 is really a hidden jewel in MB's lineup, and those of us who have lived with this car have learned to appreciate its stellar features. Its a luxury vehicle in the true MB sense(not like the ML/GL SUV class), with a solid body for smooth quiet drives. Ours was loaded to the gills with almost every option, which is what we will really miss after the lease. I still get a kick every time I sit behind the wheel, knowing it is still a unique car that gets a lot of notice on the road.

    MBF is offering a buyout of around $29K, which includes all tax and fees. I started to negotiate with them, but the agent said they've already taken it down from the original residual, with no more room to go. It is a shame to let it go, since I only have around 19K miles on the odometer. My target is to get them down to under $22K, possibly even $20K, which would make it attractive when I calculate the total lease payment was only around $12K(really low mf and discounts in 2006 for a 27 months lease, and I used 1 pay lease to minimize my out of pocket cost).

    One concern I have about keeping this car is all the "gadgets" which will increase cost of ownership. I had no idea how expensive MB dealerships are until I paid $700+ for a "B" service, which is nothing more than an oil change with brake fluid recycle and tire rotation, along with the usual inspection and fluid top off.

    Any comments or suggestions on how to deal with MBF would be appreciated.
  • irishrogue1irishrogue1 Member Posts: 127
    there clearly continues to be a disconnect with the person or persons at MBF who are authorized to quote reduced buyout prices and actual wholesale auction prices. I do not understand why MBF does not want to sell you that car for a couple thousand over what they should know they will get at auction.... their business model for lease turn ins would make sense if the cars went right to dealers and could be sold at higher retail prices but that doesnt happen here and even if it did, dealers dont want used Rs....

    It might be helpful to get the best price from MBF to offer cash - if MBF has to finance, they are looking at credit risk and tying up capital that they would rather use for new car sales....

    I think everyone calling MBF needs to push to speak to someone higher up the food chain than the basic leasing representative. I emailed them for payoff options yesterday from my MBF online account. Ill let you know what I hear when they respond....
  • cary28cary28 Member Posts: 53
    The leasing agent told me they've already taken $19K off the original lease reisdual value to arrive at the $26,800 buyout price. The car was fully loaded, and I think the original MSRP was over $65K.

    Its going to be tough walking away from so many toys built into this car!
  • irishrogue1irishrogue1 Member Posts: 127
    they are trying to pull one over on you.....yes they already have significantly discounted the residual quite a bit but they KNEW that they were creating situations where the residuals would be much higher than actual market values when they discounted the capitalized cost of the lease by $10-16k 2 yrs ago. dont forget that residual values are based on msrp not the discounted capitalized cost. the reality is that this model didnt sell new and is selling even worse used...we are talking depreciation from msrp of around 60% in 2 years.

    we need to keep hitting them over the head with auction values...they have to make rational choices at some point....
  • mjf415mjf415 Member Posts: 13
    I called MBF today but they would not give me the October money factors. On Saturday I'm going to a few dealerships to check prices and lease offers. I'll post what happens then.
  • jprescott1jprescott1 Member Posts: 29
    What's to prevent me from telling them I have 35,000 miles on the car when in fact it's only 20,000? Is there a pre- sale inspection or a mileage check? I guess what I'm asking is how to negotiate the deal by phone with MBF.
  • irishrogue1irishrogue1 Member Posts: 127
    it looks like $25-26k for an above avg, low mileage, well optioned R500...so MBF SHOULD be quite happy to get $26-28k on a buyout regardless of what how much they have to discount your buyout.

    06' MB R500
    09/22/08 RIVRSIDE Lease $23,750 29,674 Avg PEWTER 8G A Yes
    09/22/08 RIVRSIDE Lease $23,250 23,955 Avg PEWTR 8G A Yes
    09/22/08 RIVRSIDE Lease $23,250 21,915 Avg PEWTER 8G A Yes
    09/22/08 RIVRSIDE Lease $23,000 25,979 Avg IRI SIL 8G A Yes
    09/22/08 RIVRSIDE Lease $23,000 21,479 Avg PEWTER 8G A Yes
    09/22/08 RIVRSIDE Lease $22,000 36,340 Avg IRI SIL 8G A Yes
    09/22/08 RIVRSIDE Lease $22,000 33,519 Avg IRI SIL 8G A Yes
    09/22/08 RIVRSIDE Lease $22,000 31,483 Avg BAR RED 8G A Yes
    09/22/08 MANHEIM Lease $26,000 17,409 Above IRI SIL 8G T Yes
    09/22/08 MANHEIM Lease $25,500 13,095 Above IRI SIL 8G A Yes
    09/22/08 MANHEIM Lease $24,750 44,076 Above CPR BLU 8G A Yes
    09/22/08 MANHEIM Lease $24,750 30,476 Above IRI SIL 8G A Yes
    09/24/08 W PALM Lease $24,500 22,338 Above IRI SIL 8G A Yes
    09/25/08 RIVRSIDE Lease $26,750 22,870 Above BLACK 8G A No
    09/26/08 MANHEIM Regular $24,000 43,784 Avg BLACK 8G A Yes
    09/26/08 MANHEIM Regular $23,900 39,491 Avg SILVER 8G A Yes
    09/30/08 FAAO Lease $23,500 29,026 Avg ALB WHT 8G A Yes
    09/30/08 DFW Lease $26,500 26,554 Above IRI SIL 8G A No
    09/30/08 DFW Lease $24,250 28,771 Avg PEWTR 8G A Yes
    09/30/08 BIG H Regular $23,900 35,976 Avg WHITE 8G A Yes
    10/01/08 SEATTLE Lease $24,750 20,739 Above OBS BLK 8G A Yes
    10/01/08 SAN ANTO Regular $25,800 29,676 Above PEWTER 8G A Yes
    10/01/08 SAN ANTO Regular $22,500 22,878 Avg TAN 8G A Yes
    10/01/08 NASHVILL Lease $24,500 27,550 Above IRI SIL 8G A Yes
    10/01/08 NASHVILL Lease $24,000 29,841 Avg PEWTR 8G A Yes
    10/01/08 NASHVILL Lease $24,000 21,799 Avg CPR BLU 8G A Yes
    10/01/08 NASHVILL Lease $23,750 30,637 Avg IRI SIL 8G A Yes
    10/01/08 NASHVILL Lease $23,000 25,408 Avg CPR BLU 8G A Yes
    10/01/08 NASHVILL Lease $22,500 32,530 Avg PEWTR 8G A Yes
    10/02/08 NEVADA Lease $22,000 42,736 Avg BLACK 8G A Yes
    10/02/08 MANHEIM Lease $26,750 28,748 Above IRI SIL 8G T No
    10/02/08 MANHEIM Lease $25,500 25,406 Above IRI SIL 8G T Yes
    10/02/08 MANHEIM Lease $25,500 9,954 Above BAR RED 8G T Yes
    10/03/08 MANHEIM Regular $22,750 40,226 Avg SILVER 8G A Yes
    10/06/08 AYCOCK Lease $24,600 10,943 Above GOLD 8G A Yes
    10/07/08 FAAO Lease $23,250 21,669 Avg CPR BLU 8G A Yes
    10/08/08 MILWAUKE Lease $26,000 8,230 Above IRI SIL 8G A Yes
    10/08/08 MILWAUKE Lease $24,000 24,820 Avg BLACK 8G A Yes
    10/08/08 MILWAUKE Lease $23,500 18,408 Avg ALP RAN 8G A Yes
    10/08/08 MILWAUKE Lease $23,250 19,430 Avg PEWTR 8G T Yes
    10/09/08 RIVRSIDE Lease $23,500 21,213 Avg ALB WHT 8G A Yes
    10/09/08 RIVRSIDE Lease $20,750 24,066 Below IRI SIL 8G A No
    10/15/08 NADE Regular $23,250 52,005 Avg Black 8G Yes
    10/15/08 ATLANTA Lease $23,000 25,163 Avg IRI SIL 8G A Yes
    10/15/08 ATLANTA Lease $22,750 28,218 Avg PEWTR 8G A Yes
    10/15/08 ATLANTA Lease $22,000 26,480 Avg PEWTR 8G A Yes
    10/15/08 ATLANTA Lease $21,500 28,370 Below ALP RAN 8G A Yes
    10/16/08 MANHEIM Lease $22,500 22,703 Avg PEWTR 8G T Yes
    10/16/08 MANHEIM Lease $21,750 34,684 Below CPR BLU 8G T Yes
    10/16/08 MANHEIM Regular $20,100 56,597 Below BLACK 8G Yes
    10/16/08 ATLANTA Regular $23,500 19,505 Avg SILVER 8G A Yes
  • kyfdxkyfdx Moderator Posts: 236,555
    Usually, when you buy a car, the seller has to fill out an odometer statement. My guess is there might be a fly in the ointment somewhere along the line, if you do indeed purchase the car from them.

    But.. If I'm negotiating, and am asked for the mileage, I'd just say that it looks like I'll come in just under my allowance, without answering specifically. Maybe, they'd just assume a certain amount. Once you've agreed to a deal, then maybe no one will take notice.

    But, I certainly wouldn't lie about it. They may be able to extrapolate an approximate amount from your service records. I'd just be coy... and see what happens, first.

    regards,
    kyfdx

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  • stevesmerstevesmer Member Posts: 10
    Hi - would you have R350 #'s available as well? I have an 06 R350 that will be due next month and I have been watching this site for awhile. I will post what I can negotiate. Thanks
  • jprescott1jprescott1 Member Posts: 29
    Called in today. Rate is negotiable. Sounds like it's fixed out at 90 days. I got a very reasonable buyout rate. No inspection necessary. I cut a check and it's over. $27,648 out the door includes ALL fees and tax. $25,500 is base rate at maturity. 60% depreciation over 27 mos. Ouch!!
  • irishrogue1irishrogue1 Member Posts: 127
    THAT IS GREAT NEWS. $25,500 is pretty much right were the price should be based on auction values right now. when is your 27 mo lease up?
  • shoreboundshorebound Member Posts: 6
    When you say rate, are you talking about the interest rate or the $ buyout? How many miles did you have on the car? What interest rate did you get?

    Thanks.
  • lklein1lklein1 Member Posts: 24
    Can you tell me what you said or who you had to talk to get the buyout down? I will be calling one last time beginning of November. I will be a cash buyer so not concerned on interest rate. My lease is up Nov 21 and the people keep calling to schedule the inspection.
  • irishrogue1irishrogue1 Member Posts: 127
    I emailed MB financial from my online account for lease end options and just got quoted a buyout of 27,459 incl taxes/fees. finance rate of 7.89% for 60mos. credit union rate is 5.75% for 60mos on used car.
  • lklein1lklein1 Member Posts: 24
    Okay I'm convinced MB Finacial hates me since my quote has been $28,900 NOT INCLUDING Taxes and Fees and I only have a measly little R350.
  • irishrogue1irishrogue1 Member Posts: 127
    have you contacted them recently?? perhaps #s just got adjusted. i just got mine today...
  • lklein1lklein1 Member Posts: 24
    Okay, I just filled out the online request. Maybe that will give me a different answer.
  • stevesmerstevesmer Member Posts: 10
    I have an 06 R350 MSRP was $58,000. My lease is up the end of November and I have 30,000 miles. They offered $14,900 off the residual which makes it $23,500 and walking away for $25,200. I was hoping to purchase around $20,000, but I have only been paying $450/month for my lease with $0 down and 15K miles per year on a $58K car. I'm wondering if my residual is higher than most and that is why the price is what it is. I can't complain but I might not buy. I know that within the next year I will need new tires, brakes, and another service totally around $2,000. These vehicles continue to decline far too fast. I only wish my lease was up around January. I think the "cash incentive" will continue to rise...hopefully before my lease is up. Does anyone have the most recent auction numbers for the R350's? That would be greatly appreciated! Good luck everyone
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