Deal offered on ML350 -- Is it good?
Thread Starter
Almost a Member!
Joined: Nov 2001
Posts: 33
Likes: 0
From: Miami, FL
2007 Volvo S80 V8 AWD Sport
Deal offered on ML350 -- Is it good?
MSRP = $49,710
Invoice = $46,285
Selling price = $46,300
33 months
7,500 miles (which is supposed to drop the residual by 2% compared to 10K, 3% compared to 12K or 5% compared to 15K)
Residual = 64%
MF = .0025
$0 down payment (incentives are around $2,500)
Monthly base = $634
Monthly (7% tax) = $679
How does that selling price sound? This is the only factor I think I could get a better deal on. Aren't people paying under invoice for this car? Also, could the residual be negotiated or is .0025 good enough?
TIA!
Invoice = $46,285
Selling price = $46,300
33 months
7,500 miles (which is supposed to drop the residual by 2% compared to 10K, 3% compared to 12K or 5% compared to 15K)
Residual = 64%
MF = .0025
$0 down payment (incentives are around $2,500)
Monthly base = $634
Monthly (7% tax) = $679
How does that selling price sound? This is the only factor I think I could get a better deal on. Aren't people paying under invoice for this car? Also, could the residual be negotiated or is .0025 good enough?
TIA!
MBWorld Fanatic!
Joined: Jun 2005
Posts: 2,358
Likes: 2
AlabasterWhiteSL ObsidianBlackML
Not sure about the lease "mumbo-jumbo" but just looking at the selling price, it seems like an alright deal...nothing AMAZING but defintely not bad...if you can get it for $45385 I'd say it'd be a great deal
Junior Member
Joined: Dec 2007
Posts: 69
Likes: 0
From: NORTHERN CALIFORNIA
2003 MERCEDES C230, 2008 ML 350
Did you try " CARS DIRECT" web page?
Last week I got a ML 350 with what I wanted on it, for $800 under the invoice and not crazy fees.
The local dealer was not nice at all so I use Cars direct and they found another dealer in the Bay area who delivered the car home before any money was exchanged.
Good luck
Last week I got a ML 350 with what I wanted on it, for $800 under the invoice and not crazy fees.
The local dealer was not nice at all so I use Cars direct and they found another dealer in the Bay area who delivered the car home before any money was exchanged.
Good luck
Super Member
Joined: Sep 2005
Posts: 927
Likes: 0
From: Covington wa
05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
If there are 2500 in incentives to the dealer, then they are just passing on most of the money MB is giving them. Better way to think about the incentive is that it lowered the invoice cost by 2500 without costing the dealership a single cent. you could even think of it as MB dropping the MSRP by 2500.
Thread Starter
Almost a Member!
Joined: Nov 2001
Posts: 33
Likes: 0
From: Miami, FL
2007 Volvo S80 V8 AWD Sport
No way! CarsDirect.com is quoting me $950 above invoice when I know this car is selling for below.
Anyways, after some negotiating, the price came down to $640 after 7% tax (selling price was lowered and so was the money factor), so I'm happy, but the one car that was available with the colors and options I wanted is being held for another client now. If it doesn't happen on this M, I don't want any other.
Anyways, after some negotiating, the price came down to $640 after 7% tax (selling price was lowered and so was the money factor), so I'm happy, but the one car that was available with the colors and options I wanted is being held for another client now. If it doesn't happen on this M, I don't want any other.
Member
Joined: Oct 2006
Posts: 150
Likes: 0
From: Bellevue, WA
2009 VW CC
I am paying $601.73 w/ NJ tax (7%) on a 27 month 20K per year lease. Payment sounds a tad high but fair.
I see your in Miami. What dealer are you using. If you haven't shopped Bill Ussery yet, see Juan the sales manager there. Good guy.
I see your in Miami. What dealer are you using. If you haven't shopped Bill Ussery yet, see Juan the sales manager there. Good guy.
Trending Topics
Thread Starter
Almost a Member!
Joined: Nov 2001
Posts: 33
Likes: 0
From: Miami, FL
2007 Volvo S80 V8 AWD Sport
Negotiations started in Bill Ussery, but ended in Mercedes Benz of Ft. Lauderdale. Both of my contacts came through, but, ultimately, the one at the latter dealer offered a better deal.
Final numbers are as follows:
MSRP = $49,710
Invoice = $46,285
Selling price = I don't remember... Need to see contract. I was more concerned about the monthly at this point.
33 months
7,500 miles
Residual = 63% <-- Not sure; need to check the contract
MF = .00235 <-- Not sure; need to check the contract
$0 down payment (incentives are around $2,500)
Monthly base = $598
Monthly (7% tax) = $640
They did not give me MBC's "advertised" 64% and .0022 for this deal because I guess they decided to make their money here and, instead, lowered the price below invoice so that the final number would be what I was looking for.
Oh, I didn't mention I was doing all this for my mom, because that was really irrelevant. My mom is now a proud owner of a nice Arctic White + black MB Tex ML350.
Thanks for the advise!
MB World Stories
The Best of Mercedes & AMG
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
10 Most Reliable Mercedes-Benz Models You Can Buy Used
Verdad Gallardo
Senior Member
Joined: Dec 2003
Posts: 462
Likes: 0
wife's car2014 ml350
