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2014 Mercedes-Benz GL-Class Lease Questions

24

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  • billt18billt18 Posts: 6

    Hi, I am thinking a 36 month 12k/yr lease, and trying to figure out MF and residual with the advertised deal: $69900 MSRP, sale price $68314, $5000 down payment, with 0.00195 MF, I have to use residual of $47700 to get $729 monthly payment - this means 68% residual. Does this make sense to you? I would imagine 10k/yr will bring residual to 64%. Appreciate your comments.

  • kyfdxkyfdx Posts: 29,849

    On a GL450, the residual is 63% for the 36mo, 10K/yr terms that the advertisement is for...

    I can't get it to add up, either.... I get $744/mo., not $729. It's possible that the Super Tier standard MF has dropped below .00195. At a MF of .00180, it comes out, just about right.

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  • billt18billt18 Posts: 6

    Thanks for the reply! Could you kindly post the numbers you used to get $744/mo, like sale price etc? Also did you include $725 acquisition?

  • kyfdxkyfdx Posts: 29,849

    @billt18 said: Thanks for the reply! Could you kindly post the numbers you used to get $744/mo, like sale price etc? Also did you include $725 acquisition?

    I used your numbers... Selling price minus the $5000 upfront. .00195 MF and 63% residual. The advertised lease is for a $5000 cap cost reduction. You have to add the acquisition fee and the first payment to that.. $6523 due at signing on the advertised deal..

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  • jddssc121jddssc121 Posts: 68

    Can you share residual for a GL350 Blue with 36/15?

  • MichaellMichaell ColoradoPosts: 6,400

    @jddssc121 said: Can you share residual for a GL350 Blue with 36/15?

    Standard MF (.00190-.00220) and 60%

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  • fq1fq1 Posts: 47
    edited May 21

    kyfdx, thank you for all your help on this forum. Would you or anyone know the MF discount for doing a one-pay lease. A few years ago I did a one-pay lease and the MF discount was 0.0011 from the Standard MF. Thanks again!!!

  • kyfdxkyfdx Posts: 29,849

    The last time I saw it mentioned it was .0010

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  • fq1fq1 Posts: 47

    Thank you very much! And the MF for a GL450 is still 0.0019?

    @kyfdx said: The last time I saw it mentioned it was .0010

  • kyfdxkyfdx Posts: 29,849

    It's the "standard" money factor, which can fluctuate.... .00195-.00225 has been the latest range..

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  • stlcity1stlcity1 Posts: 2

    I am in the process of leasing a GL 450. Got a good deal. But the MF that I was quoted was 0.00225. Seems a little too high to me. Credit score is not an issue. Was wondering if anyone has any input. Thanks.

  • MichaellMichaell ColoradoPosts: 6,400

    @stlcity1 said: I am in the process of leasing a GL 450. Got a good deal. But the MF that I was quoted was 0.00225. Seems a little too high to me. Credit score is not an issue. Was wondering if anyone has any input. Thanks.

    .00225 is the high end of the 'standard' MF MB uses. You might be able to negotiate that down to .00195, which is the 'low' end of the scale.

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  • stlcity1stlcity1 Posts: 2
    edited May 23

    Thanks much. Will try to bang it down. Also I have a question: they are installing the rear entertainment system and charging 999 for MB care. They want to include both in the lease. If my calculations are right with that MF, I will be paying 1800$ extra over the 36mnths if I include both in the lease and not pay it upfront.

    Any advice is greatly appreciated. Thanks again.

  • kyfdxkyfdx Posts: 29,849

    @stlcity1 said: Thanks much. Will try to bang it down. Also I have a question: they are installing the rear entertainment system and charging 999 for MB care. They want to include both in the lease. If my calculations are right with that MF, I will be paying 1800$ extra over the 36mnths if I include both in the lease and not pay it upfront.

    Any advice is greatly appreciated. Thanks again.

    All that matters is if the MB care or the RES are residualized.. Whether you pay for them upfront or within the lease is a small difference compared to that.

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  • fjjamesfjjames Posts: 5

    Hello just wondering what is the money factor and residuals for a 36m 15k per gl450 with auto pay? Last month the money factor was .00185.

  • MichaellMichaell ColoradoPosts: 6,400

    @fjjames said: Hello just wondering what is the money factor and residuals for a 36m 15k per gl450 with auto pay? Last month the money factor was .00185.

    Standard MF is in play this month (.00195-.00225) before autopay discount. Residual is 60% for 36/15.

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  • fjjamesfjjames Posts: 5

    Does any one now what credit score typically qualifies for tier a1 credit? I was told around 700 for tier 1 and 750 for tier a1. Can anyone confirm this? Thanks much appreciated.

  • cabbqkingcabbqking Posts: 10

    i was quoted by an orange county dealer a money factor of 0.0021 this week...and they said that is their buy rate....how do I get the 0.00195? that is before the 0.0001 auto pay discount...tier one credit...thanks!

  • MichaellMichaell ColoradoPosts: 6,400

    @fjjames said: Does any one now what credit score typically qualifies for tier a1 credit? I was told around 700 for tier 1 and 750 for tier a1. Can anyone confirm this? Thanks much appreciated.

    The information we have doesnt have a breakdown of what scores qualify foe what tier. Sorry.

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  • MichaellMichaell ColoradoPosts: 6,400

    @cabbqking said: i was quoted by an orange county dealer a money factor of 0.0021 this week...and they said that is their buy rate....how do I get the 0.00195? that is before the 0.0001 auto pay discount...tier one credit...thanks!

    Check with other MB dealers to see what they quote you for the MF..

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  • txbelle1txbelle1 Posts: 20

    Hi, I am looking at a 2014 GLK 350 w/MSRP $47,825 -includes prem. pkg. 1 -multi media pkg. -'appearance pkg' What would be a 'good deal'? MF? Cap cost? 10k miles/flexible 24 or 36 months Residual (June)? No money down

    They offered $499 for another GLK 250 w/MSRP $42,840 24 mo./10k miles $1750 down

  • MichaellMichaell ColoradoPosts: 6,400

    @txbelle1 said: Hi, I am looking at a 2014 GLK 350 w/MSRP $47,825 -includes prem. pkg. 1 -multi media pkg. -'appearance pkg' What would be a 'good deal'? MF? Cap cost? 10k miles/flexible 24 or 36 months Residual (June)? No money down

    They offered $499 for another GLK 250 w/MSRP $42,840 24 mo./10k miles $1750 down

    May numbers for the GLK are 68% for 24/10 and 57% for 36/10. Add 1% for 4matic. .00098 MF for RWD and .00103 for 4matic.

    We don't yet have the June numbers, so cannot predict which direction they will move.

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  • txbelle1txbelle1 Posts: 20

    thank you! if anyone could advise on a good negotiated price (cap cost) based on MSRP above ($47,825) GLK 350 that would be great!

    Is it reasonable to negotiate for a payment in the low $400s?

  • MichaellMichaell ColoradoPosts: 6,400

    @txbelle1 said: thank you! if anyone could advise on a good negotiated price (cap cost) based on MSRP above ($47,825) GLK 350 that would be great!

    Is it reasonable to negotiate for a payment in the low $400s?

    Use the pricing tools at the top of the page. The only way to lower the payment is to get a lower cap cost or use MSD to reduce the money factor.

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  • billt18billt18 Posts: 6

    I got a quote $2400 off $74000 with .00195 MF in Orange County for a 36 month , 12k/yr lease before fleet discount. Is this a ok deal? Anybody could share their recent negotiated price? I am also thinking about purchase instead of lease. In this case, has anybody bought prepaid maintenance or extended warranty and for how much? Really appreciate your shared information.

  • e325rkhe325rkh Posts: 54

    Good morning. Can you post the current June residual for a GL450 24 or 36 months / 7,500 miles per year? I will assume .00185 with Autopay. Also, do you know how many MSD's are allowed with MBFS and the MF effect for each?

    Thank you.

  • MichaellMichaell ColoradoPosts: 6,400

    @e325rkh said: Good morning. Can you post the current June residual for a GL450 24 or 36 months / 7,500 miles per year? I will assume .00185 with Autopay. Also, do you know how many MSD's are allowed with MBFS and the MF effect for each?

    Thank you.

    Standard MF and 64% for 36/7.5.

    Maximum 10 MSD allowed by MB, though I don't know what the discount on MF is for each.

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  • toetrktoetrk iowaPosts: 4

    Hello. Thank you in advance for your commitment to these forums. I am interested in the figures for a GL450 24mo 12k/yr. thank you

  • MichaellMichaell ColoradoPosts: 6,400

    @toetrk said: Hello. Thank you in advance for your commitment to these forums. I am interested in the figures for a GL450 24mo 12k/yr. thank you

    Standard MF and 69%

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  • car_enthuzedcar_enthuzed Posts: 15

    Anyone have experience with multiple security deposits? I was told you cannot use them if you are using the top tier money factor.

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