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2013 and earlier-Mercedes Benz GLK-Class Lease Questions

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  • bradl1bradl1 Posts: 3
    Hey Carman. Thanks for all the great info on here, very helpful! My wife is looking to lease a GLK 350 with a MRSP around $38,500. What is the money factor and residual for May for a 39 month lease with 18k miles per year.

    Thanks so much!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome bradl1. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 39-month lease of a 2012 GLK 350 4Matic with 15,000 miles per year are .00114 and 53%, respectively for consumers who qualify for its top credit tier.

    I'm not sure if MB Finance publishes residual values for leases with 18,000 miles per year. For anything over 15k, most banks charge lessees on a per-mile basis.

    Car_man
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  • infinitiluvinfinitiluv Posts: 16
    Car_man,

    Does jacmyoung2's lease make sense to you? I don't see how his payment can be so low without more money down. I want to use this deal as a reference but it doesn't seem possible. I appreciate your help.

    Thanks!
  • triniboy1triniboy1 Posts: 1
    hey carman i'm ending my current lease in Dec. and i'm looking for a 450GLK. do i lease a 2012 or do i look for a lease ending in 2012. Also, would it be better to purchase a pre-owned 450GLK?
  • skibowuskibowu Posts: 2
    Hi Car man,

    Do you know the numbers for June? GLK 350 4matic with 12k/yr.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi triniboy1. If your current lease is not scheduled to end until December, you shouldn't get anything new until you are at least eligible for Mercedes-Benz's Early Lease Termination Program. The current program waives up to four remaining payments for current lessees who get a new Mercedes. That would enable you to get something new this fall for free.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello skibowu. Mercedes-Benz Financial is not currently providing any lease support on the GLK Bluetec. As a result, if you were to lease one through Mercedes-Benz Financial right now you would have to use its standard lease program.

    This truck's current residual value for a 36-month lease of a 2012 GLK 350 with 12,000 miles per year is 60%.

    Car_man
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  • alidreamalidream Posts: 1
    Hello,
    What is the July money factor and % residual for 36 months 15,000 miles/yr.
    Thank you!!!
    Alidream
  • manusinghmanusingh Posts: 1
    I am getting a GLK350 4Matic (MSRP: 43,080). No money down at $567 a month, 24 month lease; 15000 miles. Is that a good deal or will the numbers get better in August since the 2013 model is being introduced late August? The lease will be in NJ. Any advice is appreciated.
  • tl111tl111 Posts: 1
    Hi Car_Man,

    I'm looking at a 2013 GLK 4 Matic. Do you know what the CAP discount amount is? Also, do you know the USAA program discount? I am being offered $1k Conquest and am wondering if either CAP or USAA deals would be any better. Thank you sir.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tl111. I don't believe that there is any CAP cash on the 2013 GLK yet. There is a $1,000 conquest incentive on it though, as you mentioned.

    Car_man
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  • Hi CarMan,

    What are the lease terms for 2012 GLK350 4Matic for 7500m or 10k/year for 24 month and 36 months?

    Thanks
  • Here you go gvitalik1. Through September 4th, Mercedes-Benz Financial's buy rate lease money factor and residual value for a 24-month lease of a 2012 GLK 350 4Matic with 10,000 miles per year are .00114 and 67%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00114 and 56%.

    Car_man
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  • Hi Car_man or kydfx:

    Could you provide current lease rates and any conquest/incentives for BMW owners for the 2013 GLK350 for 36 months 10k/12k miles/year? Are they the same for RWD and 4Matic?

    I have a 2010 BMW 135i convertible with lease ending at the end of the year. My local MB dealer said the conquest cash is $1,000 now - is it likely this will go higher at the end of the year?

    Thanks,

    Lee
  • Certainly Lee. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36-month lease of a 2013 GLK350 RWD with 12,000 miles per year are .00116 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 GLK350 4Matic are .00115 and 59%.

    The residual values for a lease with only 10,000 miles per year are 1% higher.

    Given the fact that Mercedes had $2,000 conquest cash on the 2012 GLK at one point, I suspect that it is very possible that the conquest cash on the '13 will increase at some point...it's difficult to say when though.

    Car_man
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  • taylor808taylor808 Posts: 1
    edited September 2012
    Hello Car_man,

    Here is a quote I got for a 2013 GLK 350 RWD

    Money Factor: 0.00166
    Residual: 63%
    12k miles/year
    30 month lease
    MSRP: 38,245

    Cap cost: 36,221 (used $2,000 USAA incentive)
    Down payment: $3,000
    Adjusted Cap cost: 33,221

    Total lease $396 + $19 tax = 415/m

    is this a good deal? the dealership is firm and will not negotiate any lower.

    on a side note, this will be a pre-order, which will charge $1,000 deposit (which they said was refundable if i didn't like the vehicle), and the dealership said when the car gets here, those numbers will be subject to change based on whether or not the USAA incentive is still active in December when the car will be here.

    Is it true that the lease numbers can not be locked in to a pre-order?

    Thanks for any help :)
  • taylor808,

    If $36,221 is the cap cost after the $2,000 rebate, then this is a rather horrible deal.

    They are charging you MSRP for this vehicle as well as adding 1% (.00040) to the money factor.

    Even on an ordered vehicle, you should be able to do much better.

    You should be able to lock in the money factor and residual until the car gets in. If terms get worse, you can take the locked in value, but if terms get better, you should be able to go with the new terms. And if this car comes in December, the terms will likely be better.

    On the other hand you will likely not be able to lock in the USAA incentive. If it is not there when this car comes in, you will not be able to get it.

    However, it is very likely that this will still be available in December, along with possibly better incentives.
  • Hi taylor808. If your credit is in good shape then the money factor that you were quoted is too high. Mercedes-Benz Financial's September buy rate lease money factor for a 2013 GLK 350 RWD is only .00116.

    A $2,000 discount on this truck is reasonable, but you definitely need to get the money factor straightened out. Also, given the $3,000 spread between this trucks MSRP and invoice price the dealer should be able to give you this large a discount if they wanted to, regardless of what the USAA program is like when you take delivery.

    BMW allows consumers to lock-in the current lease program on ordered vehicles, but I'm not sure about Mercedes. I don't see why the dealer would mislead you about that.

    Car_man
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  • Hi carman,

    Do you have October money factor and residual for a 2013 glk 4 matic with 10,000 miles and 36 months?

    Thanks!
  • Here is a quote I got for a 2013 GLK 350 RWD

    $42,231
    including
    Premium Package
    Multimedia Package
    Appearance Package
    Heated Front Seats

    Is this good deal?
This discussion has been closed.