SL/R230: Trade?
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Joined: Mar 2002
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From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
bruinguy,
I have a Brilliant Silver 55 on the showroom floor waiting for someone to come in & take it home!! BTW, we do take trades!!!
I have a Brilliant Silver 55 on the showroom floor waiting for someone to come in & take it home!! BTW, we do take trades!!!
Banned
Joined: Mar 2002
Posts: 1,384
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From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
The MSRP is $116,015 and we are asking $180K, but might consider an offer of less if the person was ready to take the car right away!!!
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MBWorld Fanatic!
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From: Sunny South Florida
1995 Jaguar XJS Convertible
Originally posted by MarcusBenz
Well, less would be $159k!!! That is what the car sold for tonight, the client is suppose to be in tomorrow to take delivery!
Well, less would be $159k!!! That is what the car sold for tonight, the client is suppose to be in tomorrow to take delivery!
and people on the board are still ignorant to the fact that the SL55 will command high premiums!!
Here is yet another example!!
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Banned
Joined: Mar 2002
Posts: 1,384
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From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
Well, there was an interesting twist to this story. The car is still availible, from what I understand the salesrep. did not deliver the car to an event the client wanted it delivered to, so I think he may have back out of the deal. So, if anyone is still interested, just let me know!!!!!! I will be in my office all day today.
Banned
Joined: Mar 2002
Posts: 1,384
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From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
Update!!!! The car was indeed sold this afternoon!! The client decided that he wanted the car more than he originally thought & could not pass up the opportunity.
Super Member
Joined: Nov 2001
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SL55 is such a good value at MSRP. At $160k however.. you have to be hemorrhaging money from multiple orifices to pay for something like that.
Leasing tho, makes the car affordable I suppose. $2500 a month? I hope the owner does not get injured in whatever sport he plays hah.
Leasing tho, makes the car affordable I suppose. $2500 a month? I hope the owner does not get injured in whatever sport he plays hah.
Banned
Joined: Mar 2002
Posts: 1,384
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From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
The guy is not hurting for money by any means, from what I heard over $2.5 mill a yr. not too shabby!!! Also, he had to put about $60k down to get the adjusted Cap Cost (the amount being financed) in line with the banks limits. A lot of cash, if you ask me!!!! I'm sure everytime he puts his foot in the 500 horses under the hood, he will think money WELL SPENT!!!!
Senior Member
Joined: Oct 2002
Posts: 369
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From: USA
S550
Marcus,
Why would he have to put down 60k? To me, that defeats the purpose of a lease (low down payment and low monthly payment)?? The last 2 Porsche 911s that I owned, I leased, and put 0 down at the time of the lease and had reasonable payments...Just wondering, since Im debating on how to purchase my Porsche TT and SL500..(lease, finance or cash)...
Why would he have to put down 60k? To me, that defeats the purpose of a lease (low down payment and low monthly payment)?? The last 2 Porsche 911s that I owned, I leased, and put 0 down at the time of the lease and had reasonable payments...Just wondering, since Im debating on how to purchase my Porsche TT and SL500..(lease, finance or cash)...
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Joined: Mar 2002
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From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
The reason for the large cash down is that even with prefect credit the bank will only lend a certain amount on a car, usually anywhere from 115% to 125% of the MSRP of the car (NOT ACTUAL SELLING PRICE). If using this method the bank will only lend (using MBCC) $134k as your adjusted cap cost. This includes premium, bank fees, lux tax and everything. Selling the car for $159k along with all the other fees involved you are at well over $175k as your adjusted cap cost. This means you must put down enough money to cover the difference between the two numbers & stay within the perameters of the bank. I hope this is not too confusing and did not mean to get into complicated leasing lingo.
Out Of Control!!
Joined: Apr 2002
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From: Chicago
Volvo V90 CC
Originally posted by MarcusBenz
The reason for the large cash down is that even with prefect credit the bank will only lend a certain amount on a car, usually anywhere from 115% to 125% of the MSRP of the car (NOT ACTUAL SELLING PRICE). If using this method the bank will only lend (using MBCC) $134k as your adjusted cap cost. This includes premium, bank fees, lux tax and everything. Selling the car for $159k along with all the other fees involved you are at well over $175k as your adjusted cap cost. This means you must put down enough money to cover the difference between the two numbers & stay within the perameters of the bank. I hope this is not too confusing and did not mean to get into complicated leasing lingo.
The reason for the large cash down is that even with prefect credit the bank will only lend a certain amount on a car, usually anywhere from 115% to 125% of the MSRP of the car (NOT ACTUAL SELLING PRICE). If using this method the bank will only lend (using MBCC) $134k as your adjusted cap cost. This includes premium, bank fees, lux tax and everything. Selling the car for $159k along with all the other fees involved you are at well over $175k as your adjusted cap cost. This means you must put down enough money to cover the difference between the two numbers & stay within the perameters of the bank. I hope this is not too confusing and did not mean to get into complicated leasing lingo.
................sweet 
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Joined: Mar 2002
Posts: 1,384
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From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
Go figure???? Maybe the deal was made on the stipulation that he had to lease, because they discounted the car from the original $180k. This is just an idea, not sure of the exact details.
This way the dealer could get a little more profit from the bank in the way of interest.
This way the dealer could get a little more profit from the bank in the way of interest.
