Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier-Mercedes Benz GLK-Class Lease Questions

17891113

Comments

  • nj_bknj_bk Posts: 4
    This is what a couple of dealers in NJ are offering me. GLK350 4Matic, premium1, multimedia,heated seats, keyless go, metallic color: MSRP 48355.

    They are offering me $1000 out of pocket up front including first month, and 496 plus tax monthly for 36 months, 12k miles per year.

    Sounds good to me, and I believe at 59% residual and 0.00112 mf, this equates to a selling price of around 44000 which is 1100 below invoice?

    I am thinking of asking the delaer to foot my 350 disposition on my current bmw lease.

    Any thoughts?

    Thanks
    BK
  • nj_bknj_bk Posts: 4
    Manusingh
    what did you end up doing? I am in the market for glk 4matic this month in NJ and just curious what you did. Appreciate your help. Balu
  • Thank you so much for your response!

    For the "deal" they offered me having the monthly payment of 372.17 per month the selling price would be $34,099.00 which is down $3,896.00 from the $37,090 invoice. Seems like a feasible discount? And the selling price does not include the conquest cash.

    The dealerships current lease special goes as follows RWD, Premium 1 package, 399.00 per month for 30/months, 10,000 m per month with... "Cash due at signing includes $3,399 capitalized cost reduction, $795 acquisition fee and first month's lease payment of $399."

    I will also look into contacting my insurance company about the tire and rim coverage. I know the wear and tear may add up if excessive, this is my third lease and have never had to worry about wear and tear scratched rims because I have always had the tire coverage (in case my rims get scratched or a nail gets in my tire) it would all be for free.

    Once again,

    Thanks Car_Man !
  • I'm not Car_man :) .

    If you are paying the $3,399 capitalized cost reduction out of you pocket then I believe you would need to subtract that from the $3,896 below invoice price to get you net price below invoice before any incentives are applied. Again, I believe the capitalized cost reduction out of pocket would not come back to you if the vehicle was declared a total loss at some point.

    Hope this helps,

    Lee
  • So sorry Lee,

    Thank you for your input!! Highly appreciated :)
  • Need an opinion on this deal

    54500 msrp
    49700 sales price
    65% residual
    .00112 MF
    30 months/10,000 miles

    3200 in taxes and fees paid up front

    Please advise forum
    thank you

    Lease price- $629
  • I went to two different Mercedes dealerships this weekend and the best deal I was offered so far is as follows:

    2013 GLK 350 RWD -
    With premium 1 package
    AMG Styling package
    Navigation - but not the multi media package
    Keyless Go

    Total price: $44,285
    36 month lease - 10,000 miles
    $0 down
    $498 - total monthly payment

    Can anyone please give me some good insight on this deal? Is it a good offer or should I try to negotiate a lower payment? Any help is greatly appreciated. Thank you
  • nj_bknj_bk Posts: 4
    It depends on your location as well. I am in NJ and currently have a BMW 528. Am getting GLK for my wife.

    2013 GLK 4Matic
    Premium
    Multi media
    Heated seats
    Keyless Go
    Metallic paint

    Total MSRP 48300 (off by a few dollars probably)

    Am getting it for 1000 up front (including 1st month payment) and $530 a month (including 7% tax) for 36 months. 12k miles per year.

    Hope this helps.
  • You're welcome leeshuck. That will make a nice holiday present :).

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings Jake. Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 36-month lease of a 2013 GLK 350 4Matic with 15,000 miles per year are .00112 and 57% for consumers who qualify for its Tier 1 credit tier.

    The numbers for an otherwise identical lease of a 2012 model are .00114 and 51%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hmmmm, wish I would have seen this earlier :P . Here you go.

    The numbers for a 24-month, 15k lease of a 2012 GLK350 4Matic are .00112 and 67% for Tier 1 customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi radoncgs. Mercedes-Benz financial's November buy rate lease money factor and residual value for a 30-month lease of a 2013 GLK 350 4Matic with 10,000 miles per year are .00112 and 65% for consumers who qualify for its Tier 1 credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you nj bk. carman do you have an opinion on the data I posted prior to this one? It seems like you know a lot about the Mercedes benz offers. Thank you
  • Hi Fellows,

    I have recently re-located to Miami from overseas. As a result, I currently have no credit scrore whatsoever.

    I am interested in leasing a 2013 GLK 350 4Matic (with navigation) for my wife's use. MB USA has a special leasing program, where in they lease vehicles to International Executives, who necessarily do not have the best credit score in the country (due to new relocation / move to USA).

    Based on all information from the local dealerships in Miami, I have been quoted approx. $650+ per month (based on monthly payments + apportioning the down payment of $3K).

    This is obviously super high, considering what I have read on this forum.

    Can someone guide me into the basics of leasing or suggest me a dealership around Miami, so that I can save myself from being screwed royally by the dealerships here.

    Thanks in anticipation.

    Regards,
  • Edmunds has some general info on leasing here:

    http://www.edmunds.com/car-leasing/

    In order to get advice from the hosts here, you'll need to get all of the lease parameters from the dealer, including the actual selling price, MSRP, money factor, residual, fees, number of months and miles, any incentives, etc.

    Hope this helps and Happy Thanksgiving!

    Lee
  • Car_Man,

    I hope this is not a repeat question (I've searched your answers so far this month, so I'm pretty sure this is a new one). I'm looking for MB's lease buy rates and and residuals for a GLK350 4Matic lease for 10,000 miles per year for both 24 months and for 30 months.

    Best Regards,
    -Chris
  • Thanks for checking, Chris. Here's the latest info for you. Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 24-month lease of a 2013 GLK350 4Matic with 10,000 miles per year are .00112 and 70% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 30-month lease are .00112 and 65%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man,

    Could you provide December buy rate lease money factor and residual values for a 36-month lease of a 2013 GLK 350 4Matic with 10,000 and 12,000 miles per year? Do you have info on any incentives like conquest cash?

    Happy Holidays,

    Lee
  • This site was amazing for helping us to get what I think was a great deal. Going in with knowledge of the money factor and residual really helped us out. Thank you!

    We got the following in Asheville NC:

    2013 GLK 4Matic
    Premium 1 pkg. w/ panoramic sunroof
    Heated Seats
    Hitch for bike rack
    prewired for Nav unit
    MSRP $45,665 negotiated a cost of $41,230
    Metallic Steel Grey
    36 Month Lease at $498.54 including tax, 10,000 miles per year w/ the option to potentially return 6 months early without penalty if we roll into another Mercedes
    The only monies put down was just $366 for doc and license fees
  • What are the sources for the lease MF rates being listed on here? I have checked a few sites that are saying .00112 for December, but both my local dealer quoted me and the lease special on MBUSA.com (when you work the numbers backward) a rate of .00131.

    Are MBUSA and the dealer using a rate with some pack in it? Or is .00112 some rate for 800+ credit score customers that they are not providing up front?

    I just want to make sure that when I walk into the dealership to negotiate, I am not showing them how I derived my numbers using some rate that doesn't exist and look like an idiot.
  • The MF of .00112 is the dealer's buy rate for the money which is their actual cost basis. Often dealerships will mark up the rate to increase their profitability of the deal. In your case the difference in money factors is 2.688% versus 3.144% when extrapolated to interest rates. So, this should be a negotiable figure provided, of course, that you qualify for MB Finance's top tier credit. I got my 2012 E350 4 Matic at my dealer's buy rate. Good luck.
  • Thank you! I figured that would be the case, but didn't want to walk in with unrealistic expectations.

    Do they also bump the residual value down by 1% in their favor? I am looking at a 36 month 12,000 mi/yr lease, and they are giving me a residual of 58%.

    The same sources that I found the MF rates are saying on a 36 month the residuals are 57% for 15K mi, 59% for 12K mi, and 60% for 10K mi. So I am assuming they are playing with the residual value to get an extra $12-15/month out of me?
  • Car_man or kydfx,

    The GLK350 I have on order is expected to arrive at the docks on 12/29 but won't be available for pick up at the dealer until some time in early January. I'm in California and signed a prospective purchase agreement with refundable deposit clause. My BMW lease is up on 12/30 and the Mercedes-Benz dealer said I could rent a car through Enterprise at a discounted rate while I'm waiting for the GLK.

    Mercedes-Benz doesn't seem to be able to lock in any current lease programs/incentives like BMW does, so I don't know what the final lease numbers will be. The dealer said the selling price would be $1,000 below invoice.

    Would you expect the GLK350 January lease programs to be much different than December?

    Thanks,

    Lee
  • Happy Holidays to you as well Lee. Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 36-month lease of a 2013 GLK 350 4Matic with 12,000 miles per year are .00112 and 59% for consumers who qualify for its top credit tier.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    There is $2,000 Winter Event certificates out there on this truck right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey Lee. While it's difficult to say for certain, I suspect that the Winter Event certificates that are available in December will not be available in January. The lease program for this truck will likely be similar month-over-month. I suppose that it doesn't matter whether the certificates are out there or not as long as the dealer still honors the $1,000 under invoice price and doesn't mark up your money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Can the Winter Event certificates be combined with their Fleet Employee Program? I am pretty sure everything carried over for January, and I have positioned myself to walk in with a deal they have accepted and put my FEP Document down on the table to lower the payment even more.
  • deacondoesdcdeacondoesdc Posts: 1
    edited January 2013
    Hi all - I had an unfortunate accident and have a total loss situation for my 2011 c300. I'm trying to get into a new lease with a 2013 glk

    I really care about the Premium 1 package and the Multimedia as I like the backup camera, 4wd, and heated seats. Beyond that, I could care less about the options. I want a tan interior, which is harder to find (or so they tell me)

    I'm in Arlington, VA, and have been offered the following:
    $475/mo
    $4500 down inclusive of tax, tags and first month's payment
    30 - 36 mo lease
    10,000 mi / year

    I have USAA and they have a $2k incentive going on now too, if that helps.

    Am I getting a good deal or can I negotiate better? What is the lowest I can push them to go? One of the cars being offered has exactly the options above but with an upgraded exterior color, the other has additional options that bring it about to a 50k msrp value. Thanks!
  • psmdpsmd Posts: 12
    edited January 2013
    Car-Man- Can you please post the money factor and residual value rates on a 2013 GLK
    10K miles 36 and 48 months?
    Thanks
  • Here you go psmd. Mercedes-Benz Financial's January buy rate lease money factor and residual value for a 36-month lease of a 2013 GLK 350 4Matic with 10,000 miles per year are .00112 and 60% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00112 and 47%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man,

    Do you have MBFS's Feb 2013 residual and money factor for 7500 miles/yr, 27 months on a 2WD GLK350 (SoCal)? Or anything comparable since the terms are bit strange...?

    Thanks!
This discussion has been closed.