59% & 61% residual?!?! - Mercedes-Benz Forum

 
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post #1 of 8 (permalink) Old 08-14-2009, 10:50 AM Thread Starter
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59% & 61% residual?!?!

Just sold my R129 and am searching for a replacement, local MB dealer gave me quotes on C300 and GLK leases, 3 year, zero down with 59% & 61% residual!

Isn't this how Ford, GM and Chrysler got themselves into trouble? Maybe that is why MB Canada keeps on having record breaking months

No way I would even consider buying at lease end at these inflated values

Why would they have them so high?
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post #2 of 8 (permalink) Old 08-14-2009, 10:56 AM
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because they can?
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post #3 of 8 (permalink) Old 08-14-2009, 11:06 AM
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You do realize that you can always negotiate the buy-out at lease end? The 59/61% number isn't set in stone.
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post #4 of 8 (permalink) Old 08-14-2009, 11:32 AM Thread Starter
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Not in Canada- if you call, they say the price is the price

Not particularly interested in buying it at lease end anyway, just curious as to why they would set the residual that high- nobody in their right mind would pay an extra 8-12% and there is no way MB Canada can hope to retail the car at that price
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post #5 of 8 (permalink) Old 08-14-2009, 12:28 PM
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Originally Posted by sualk54 View Post
Not in Canada- if you call, they say the price is the price

Not particularly interested in buying it at lease end anyway, just curious as to why they would set the residual that high- nobody in their right mind would pay an extra 8-12% and there is no way MB Canada can hope to retail the car at that price
You're right, which is why the price you pay at lease end is negotiable. Might say one thing in the lease agreement, but there's no reason why you can't offer less and walk away if the dealer doesn't accept...

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post #6 of 8 (permalink) Old 08-14-2009, 05:56 PM
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"Everything in this life is negotiable"
Or at least that what my tenant tried to tell me, while offering $500 rent for $1100 second unit.
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post #7 of 8 (permalink) Old 08-14-2009, 07:09 PM Thread Starter
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lol- did you ask him if his dickie would reach his a$$hole before you told him to go f*** himself?
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post #8 of 8 (permalink) Old 08-14-2009, 09:26 PM
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"Everything in this life is negotiable"
Or at least that what my tenant tried to tell me, while offering $500 rent for $1100 second unit.
That's happening a lot from what I hear from landlords and investment property owners. Renters in Ocean Beach are able to get a $100 or $200 off the rent they paid last year and the year before due to lack of demand.

I bet you might of entertained $950-$1050 though...rather than finding a new tenant? Maybe things are different in SF...

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