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2013 and earlier-Mercedes Benz GLK-Class Lease Questions

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  • Mercedes is forgiving up to 8 lease payments on current GLK leases -- our 2010 wasn't due til April, but turned it in over the weekend and did deal on new 2012 AWD GLK

    MSRP 48769 -- paint, lighting, P1, Multimedia launch w/camera, prepaid maintenance

    cap 43769

    lease is 7500 miles 30 months

    residual .66, MFactor .00134 with autopay

    monthly is 485.44 plus Mass sales tax 6.25 = $515.78

    zero down, just DMV, first month, and bank fee upfront.. May roll bank fee, havent decided.

    Looks like a good deal, Chambers, Boston area, anyone want to know more just post or email me.

    Comments welcome

    Thanks
    G
  • samny1samny1 Posts: 24
    Hi all,

    I was wondering if anyone had the MF and residual for November on a 2012 GLK 4-Matic AWD for a 36 month lease at 12,000 and 15,000 miles?

    Thanks,

    Stephen
  • Thanks carman,

    I went to the dealership today and they offered 43,080 --> 37,000 on a GLK w/4matic, P1, Heated Seats and Ipod. I didn't negotiate at all. This does not include conquest or Loyalty. Looks very good. Roughly 3,600 below invoice. In your opinion could I go lower? I will probably lease as the November rates as you had mentioned above are better than October's.
  • Hi Car Man + others

    Here is the most recent deal I was given. They gave me this price with essentially 0 haggling. The price includes a winter certificate and something else they didn't mention. I'm self-employed and do not count in any employee pricing/fleet discount.

    '12 GLK 4 matic.

    MSRP: 43,635
    Neg: 37,000

    P1, COMAND, Heated seats

    NO conquest or loyalty.

    30 months / 15k Year
    Monthly: $472 including tax
    Residual: .62%
    Money Factor: .00165 (marked up by .00030)
    Due at signing: 2000 (DMV, first months, acquisition fee, window etching)

    I don't want to pay for the etching of the VIN's, or pay for the inflated money factor. I called 10 different dealerships and they either thought the deal i was given was bogus or I was crazy. One sales manager was super nice and patient and agreed to give me the vehicle at the Neg. price of 37,000 and no window etching and a MF of .00155...but it requires a 300 mile round trip. No dealer I've found will give me the money factor of .00135 (which is approximately a $20/month savings). I've been in touch with dealers in CT/MA/NY. Can anyone recommend a dealer who does not inflate MF's or is this is good as it gets?

    Thanks!!
  • gavin2000gavin2000 Posts: 14
    edited November 2011
    Hi Porsche

    See my deal a few posts above?

    Was HARD to get Chambers of Boston them to admit money factor was .00135 (.00134 of you use autopay) -- I have bought from them before (same salesman too). IN the end they agreed but I had to threaten to walk

    They were taking back a 2010 GLK off lease 5 months early, and they stood to turn that around and resell it, so were eager for deal

    Deal off MSRP was in same ball park as yours -- I see you have done the math, with a difference of about $20/month -- I would try to get them to throw in the prepaid maintenance ($619 or $729, which can be residualized) and call it done?
  • Here's the information that you're looking for, Stephen. Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 36-month lease of a 2012 GLK350 4Matic with 15,000 miles per year are .00135 and 56%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • No problem porsche911c4s. $3,600 below invoice is an excellent selling price.

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

    I got a quick question.
    I wonder if I can get better deal on Thanksgiving weekend or December end of the year.

    Thanks,
  • jcarmjcarm Posts: 4
    Car_man,
    Do you have the lease rates for December on the GLK and M Class for 36 months/12K?
  • Here's the information that you're looking for jcarm.

    Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 36-month lease of a 2012 GLK350 4Matic with 12,000 miles per year are .00135 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 ML350 4Matic are .00155 and 59%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hello.

    I am looking at a 2012 GLK

    P1 package
    Nav
    Running boards

    MSRP of $46,000
    Discounted to $43,900
    12,000 miles
    $2,800 down

    $600 per month which includes taxes...

    Is this a decent deal?
  • Hi carman,

    Can you provide the residuals and MFs for the above lease at 12k and 15k?

    Thanks a bunch!
  • I certainly can jacmyoung2. Mercedes-Benz Financial's January buy rate lease money factor and residual value for a 30-month lease of a 2012 GLK350 4Matic with 15,000 miles per year are .00135 and 54%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Carman are you sure? I read earlier the residual for the 36-mo was 54%.

    Thanks.
  • Hi Car_Man,

    Do you have the January 2012 money factor and residual numbers for 36-month lease of a 2012 GLK350 2WD with 10,000 miles per year?

    Thanks in advance.
  • I did make the deal this week. See lease numbers below. Is this OK?

    Invoice 43,160
    MF 0.00187
    Residual 63%
    Term 30-month
    Trade in amount $3000
    Lease payment $586/month (tax included)

    My other concerns... I wasn't sure about the acquisition fee $995 for NC (this amount was capitalized) and signed up for the Simoniz Glass Coat protection package (interior). Should I have opted out Simoniz protection and challenged the acquisition fee amount?
  • Additional info...

    MSRP is $45,660
    P1
    Color Steel Grey
    Destination charge $875
    Multimedia
    Lighting
    Heated Front
    Keyless Go
  • Picking up new 2012 Glk 350 tomorrow and for a 30 month lease 12k mi/ yr dealer is saying .00175 is top tier credit mine factor? Seems high? Is this being marked up?
  • I'm in Colorado but negotiated 795 lease acquisition
  • Hey Car Man!

    Do you have the March 2012 money factor and residual numbers for 36-month lease of a 2012 GLK350 2WD with 10,000 miles per year, please?

    Thanks so much!
This discussion has been closed.