2015 Mercedes-Benz GLK-Class Lease Questions

sheddah

Yes. My credit is in top tier. Is there a subsidized money factor?

sheddah

Why is the money factor so much higher than with the GLK350 (gasoline)?

Michaell

sheddah said:

Yes. My credit is in top tier. Is there a subsidized money factor?

No subsidized MF for the BT.

sheddah said:

Why is the money factor so much higher than with the GLK350 (gasoline)?

My guess is that MB doesn't sell as many and/or they are so popular they don't feel a need to discount the MF.

sheddah

Okay. Thanks!

tommygunzzz

Any update to the May residual and MF for 30/12 for 250RWD and 350 RWD? Thanks!

Michaell

tommygunzzz said:

Any update to the May residual and MF for 30/12 for 250RWD and 350 RWD? Thanks!

250 - standard MF (.00180-.00210) and 65%

350 - .00075 and 62%

tommygunzzz

Thanks so much! Could you also provide for 36/12?

Michaell

tommygunzzz said:

Thanks so much! Could you also provide for 36/12?

Subtract 5% from 30 month residual to get 36 month residual. Same MF.

lordo

Could some one post the residual and MF for a 36/15 250awd and 350awd. Thank you in advance

kyfdx

lordo said:

Could some one post the residual and MF for a 36/15 250awd and 350awd. Thank you in advance

250: Standard MF and 58% residual.

350AWD: .00083 MF and 56% residual

bd38

Moderator,

Could you please advise the 250AWD and 350AWD MF and residual for 36/7.5K and 24/7.5k? Do I just add 1% on to the residual? Thank you.

Michaell

bd38 said:

Moderator,

Could you please advise the 250AWD and 350AWD MF and residual for 36/7.5K and 24/7.5k? Do I just add 1% on to the residual? Thank you.

If you are referring to the residuals in the post just above yours, you add 4% to the residual to go from 15K to 7.5K per year. MF stays the same.

rheumshoes

Hi everyone ! Could yall let me know if this is a good price for a glk .
msrp: 47660
price: 43500
36 month/10k: 588
850 payment including first and doc
residual 58
mf 135

this is in Texas so sales tax on entire price of vehicle . I'm in new York and looking to turn my car here early and get a new one there with the lease accelerated program . I suspect they know i really don't want to ship my car so they may not be giving me good numbers . In New York I was told over a 100 less a month . 

kyfdx

rheumshoes said:

Hi everyone ! Could yall let me know if this is a good price for a glk .
msrp: 47660
price: 43500
36 month/10k: 588
850 payment including first and doc
residual 58
mf 135

this is in Texas so sales tax on entire price of vehicle . I'm in new York and looking to turn my car here early and get a new one there with the lease accelerated program . I suspect they know i really don't want to ship my car so they may not be giving me good numbers . In New York I was told over a 100 less a month . 

GLK 350 RWD?

.00111 MF and 58% residual.

I get $520/mo+tax with the base MF, $537/mo. with the marked-up money factor.

Looks like a decent deal, given the lease program on this model. I'd work on the money factor..

asjackman

Does MB have a special method to compute lease payments?

I'm currently working with a MB dealer in a 2015 GLK250. The lease details:
36 months 12,000 miles
Negotiated price 44929
sales tax 4403.04
dealer/tag fees 550
Down payment 2500
residual 60%
MF .0025 (this is still a variable depending on my credit check)
monthly payment 666

When I calcated the payment came to 602 and the dealer stated that MB uses a different calculation than what's shown on the Internet. 

Michaell

asjackman said:

Does MB have a special method to compute lease payments?

I'm currently working with a MB dealer in a 2015 GLK250. The lease details:
36 months 12,000 miles
Negotiated price 44929
sales tax 4403.04
dealer/tag fees 550
Down payment 2500
residual 60%
MF .0025 (this is still a variable depending on my credit check)
monthly payment 666

When I calcated the payment came to 602 and the dealer stated that MB uses a different calculation than what's shown on the Internet. 

Lease calculations are standard. Nothing special about MB. 

We we would need the MSRP to help calculate a payment. MF does seem marked up - standard MF on the GLK250 is between .00180 and .00220. 

asjackman

Oops, MSRP is 49600

asjackman

I originally got $602 per month using the lease calculator on another website. When I manually computed the monthly payment I get $682. To save me from pulling my hair, another set of eyes would help.

Michaell

asjackman said:

I originally got $602 per month using the lease calculator on another website. When I manually computed the monthly payment I get $682. To save me from pulling my hair, another set of eyes would help.

I get $608/mo with your numbers. 

What at state is this? Taxes seem high. 

asjackman

It's Washington State, almost 10%

Michaell

asjackman said:

It's Washington State, almost 10%

   but the tax is applied to the monthly payment – why is it almost $4400? 

asjackman

I sent you the print-out. If the payment was computed with the sales tax as part of the Cap cost (hope I'm using terminology correctly), that would increase the monthly payment.

nito3

Hello Everyone!
First off let me say that I think it is awesome that everyone on here is helping others out with their leases. The information and advice you guys are providing is invaluable. I would like to thank everyone who has contributed in advance.

Michaell

asjackman said:

I sent you the print-out. If the payment was computed with the sales tax as part of the Cap cost (hope I'm using terminology correctly), that would increase the monthly payment.

It would, but it's the wrong application of sales tax on a lease in WA. 

nito3

I have received the following offer and need help evaluating it.
2015 GLK350 AWD
MSRP - $49,995
Sale Price - $46,300
Residual Value - $26,230.50
Term/Miles - 36 months/12k miles
Money Factor - .00083
Down Payment - $0
The salesman sent the following details in an email and it is riddled with issues (aside from spelling) . I have identified some, but I will put it here for you to see:

"36 month
$0 down
12 k miles
Residual $26,
$26,230.50
Up front taxes $1672.62
Luxury tax 185.20
down payment tax 27.23 (rolled into payment)
doc fee $389
Motor vehicle $401 (for 3 years)
NJ Tire tax 7.50
MVP online reg 6.50
Money factor 0.00083
Discouted money factor for auto pay 0.00083
If you would like to go 48 months your payments go down to $685 "

As you can tell, I am in NJ. What do you guys think?

nito3

He said the payments would be $712/month. I think it is a horrible deal. I think there is room to go lower on the sales price. Also, the residual is much lower than he originally told us it would be when we first met. He told me it would be 59%, but if I am not mistaken, this is closer to 52%. Why there is a down payment tax on a zero down payment lease is beyond me. Also, the money factor should be .00073 with auto-pay but it is the same (this could have been a typo).

target_panic

Hi,
Great info. on this site............Thanks to all the contributors.

I'm in negotiations with a dealer right now...... I used the TMV calculator on this site, but it seems that other's must be paying below invoice prices judging from the numbers that I've seen here. The car that I'm looking at is: GLK350W4
MSRP: $52,055.00

The TMV price that I came up with showed three numbers: MSRP-$52,055.00, Invoice -$48,479.00, True Market Value Price - $48,548.00. Does this look OK, or should I be looking for more dealer incentives on top of this?

Not sure If I want to buy or lease either....... My credit score is excellent (around 825), and if I do lease, I'm thinking 36 mo. / 12K or 15K miles. I guess I'd do auto-pay, because it seems as though single pay leases do not provide much of a discount.

What would be the MF & residual value for these scenarios? Is my approach totally flawed?

asjackman

I really appreciate all of the advice so far, but I received the "breakout" of how the dealer arrived at his per month payment is below. What are the starred items? Is this the dealer increasing the cap cost by some mischievous methods?

MSRP $49600
RV 60%
RV $29760
Cap Cost $44949
Term 36
MF .0025
Cust Cash Down $4500
**Total Add Caps $1095
**Adjusted Cap Cost $42975.49
**Cash Cap Reduction $3048.51
Total Sales Tax $2235.55
Base Monthly Rental $548.94
Title Initial Fee $550
Amount Due at start $4500
Title Working Cash $4500
Total Monthly Payment $602.74

kyfdx

nito3 said:

I have received the following offer and need help evaluating it.
2015 GLK350 AWD
MSRP - $49,995
Sale Price - $46,300
Residual Value - $26,230.50
Term/Miles - 36 months/12k miles
Money Factor - .00083
Down Payment - $0
The salesman sent the following details in an email and it is riddled with issues (aside from spelling) . I have identified some, but I will put it here for you to see:

"36 month
$0 down
12 k miles
Residual $26,
$26,230.50
Up front taxes $1672.62
Luxury tax 185.20
down payment tax 27.23 (rolled into payment)
doc fee $389
Motor vehicle $401 (for 3 years)
NJ Tire tax 7.50
MVP online reg 6.50
Money factor 0.00083
Discouted money factor for auto pay 0.00083
If you would like to go 48 months your payments go down to $685 "

As you can tell, I am in NJ. What do you guys think?

I don't see a payment quoted anywhere in there for the 36 month lease.
.00083 is the base MF, but with an autopay discount, it should be .00073
Also, the residual for 36/12 is 58%, which is just under $29K, not what they came up with, assuming the MSRP is correct..

Hard to tell which charges are rolled in and which aren't.. but, I added up $1884 in charges to roll into the lease, and came up with $597/mo. (using correct residual).

kyfdx

nito3 said:

He said the payments would be $712/month. I think it is a horrible deal. I think there is room to go lower on the sales price. Also, the residual is much lower than he originally told us it would be when we first met. He told me it would be 59%, but if I am not mistaken, this is closer to 52%. Why there is a down payment tax on a zero down payment lease is beyond me. Also, the money factor should be .00073 with auto-pay but it is the same (this could have been a typo).

LOL... now I see this post... As you can see, everything you said, I said..

Michaell

asjackman said:

I really appreciate all of the advice so far, but I received the "breakout" of how the dealer arrived at his per month payment is below. What are the starred items? Is this the dealer increasing the cap cost by some mischievous methods? MSRP $49600 RV 60% RV $29760 Cap Cost $44949 Term 36 MF .0025 Cust Cash Down $4500 **Total Add Caps $1095 **Adjusted Cap Cost $42975.49 **Cash Cap Reduction $3048.51 Total Sales Tax $2235.55 Base Monthly Rental $548.94 Title Initial Fee $550 Amount Due at start $4500 Title Working Cash $4500 Total Monthly Payment $602.74

The $1095 is the bank fee - which is marked up from $795.

The adjusted cap cost is the amount used in the lease calc, while the cash cap reduction is the remainder of the $4500 used as a down payment. 

kyfdx

target_panic said:

Hi,
Great info. on this site............Thanks to all the contributors.

I'm in negotiations with a dealer right now...... I used the TMV calculator on this site, but it seems that other's must be paying below invoice prices judging from the numbers that I've seen here. The car that I'm looking at is: GLK350W4
MSRP: $52,055.00

The TMV price that I came up with showed three numbers: MSRP-$52,055.00, Invoice -$48,479.00, True Market Value Price - $48,548.00. Does this look OK, or should I be looking for more dealer incentives on top of this?

Not sure If I want to buy or lease either....... My credit score is excellent (around 825), and if I do lease, I'm thinking 36 mo. / 12K or 15K miles. I guess I'd do auto-pay, because it seems as though single pay leases do not provide much of a discount.

What would be the MF & residual value for these scenarios? Is my approach totally flawed?

.00083 MF and 58%/56% residual for 36 months.

kyfdx

asjackman said:

I really appreciate all of the advice so far, but I received the "breakout" of how the dealer arrived at his per month payment is below. What are the starred items? Is this the dealer increasing the cap cost by some mischievous methods?

MSRP $49600
RV 60%
RV $29760
Cap Cost $44949
Term 36
MF .0025
Cust Cash Down $4500
**Total Add Caps $1095
**Adjusted Cap Cost $42975.49
**Cash Cap Reduction $3048.51
Total Sales Tax $2235.55
Base Monthly Rental $548.94
Title Initial Fee $550
Amount Due at start $4500
Title Working Cash $4500
Total Monthly Payment $602.74

**Total Add Caps $1095
This is the acquisition fee...marked up from $795 base

**Adjusted Cap Cost $42975.49
this is the CAP cost + $1095 - $3048.51

**Cash Cap Reduction $3048.51
This is the portion of your $4500 that is used as a "down-payment" to reduce the CAP cost.

The acquisition fee is marked up, and I'd guess that the "standard" money factor is marked up some, as well.. The calculations are correct for the numbers given.

target_panic

kyfdx said:

Hi, Great info. on this site............Thanks to all the contributors. I'm in negotiations with a dealer right now...... I used the TMV calculator on this site, but it seems that other's must be paying below invoice prices judging from the numbers that I've seen here. The car that I'm looking at is: GLK350W4 MSRP: $52,055.00 The TMV price that I came up with showed three numbers: MSRP-$52,055.00, Invoice -$48,479.00, True Market Value Price - $48,548.00. Does this look OK, or should I be looking for more dealer incentives on top of this? Not sure If I want to buy or lease either....... My credit score is excellent (around 825), and if I do lease, I'm thinking 36 mo. / 12K or 15K miles. I guess I'd do auto-pay, because it seems as though single pay leases do not provide much of a discount. What would be the MF & residual value for these scenarios? Is my approach totally flawed?

.00083 MF and 58%/56% residual for 36 months.

Thanks!  Is this the MF for auto-pay?

kyfdx

target_panic said:

kyfdx said:

target_panic said:

Hi,
Great info. on this site............Thanks to all the contributors.

I'm in negotiations with a dealer right now...... I used the TMV calculator on this site, but it seems that other's must be paying below invoice prices judging from the numbers that I've seen here. The car that I'm looking at is: GLK350W4
MSRP: $52,055.00

The TMV price that I came up with showed three numbers: MSRP-$52,055.00, Invoice -$48,479.00, True Market Value Price - $48,548.00. Does this look OK, or should I be looking for more dealer incentives on top of this?

Not sure If I want to buy or lease either....... My credit score is excellent (around 825), and if I do lease, I'm thinking 36 mo. / 12K or 15K miles. I guess I'd do auto-pay, because it seems as though single pay leases do not provide much of a discount.

What would be the MF & residual value for these scenarios? Is my approach totally flawed?

.00083 MF and 58%/56% residual for 36 months.

Thanks!  Is this the MF for auto-pay?

All of our evidence shows that you should get a .00010 discount for AutoPay.. That would make it .00073

nito3

nito3 said:

He said the payments would be $712/month. I think it is a horrible deal. I think there is room to go lower on the sales price. Also, the residual is much lower than he originally told us it would be when we first met. He told me it would be 59%, but if I am not mistaken, this is closer to 52%. Why there is a down payment tax on a zero down payment lease is beyond me. Also, the money factor should be .00073 with auto-pay but it is the same (this could have been a typo).

I sent an email to the salesman and expressed my concerns. He confirmed that the residual was not correct, and said it would be $28,973.90 (about 58%). He also said the MF was a typo and that it should be .00073 with auto-pay. With that, he is still stating the payments will be $712.71. When I use that residual and MF on online calculators, I get payments that are lower. I will send an email asking for the payment to be checked because the math doesn't work. I think that my best bet is to attempt to get the sales price lowered. Right now we are at about -$3,695 off MSRP (about 7%). Most of the posts I find on forums show that consumers where able to negotiate better discounts on this vehicle. What are your thoughts?

target_panic

Well............I just heard back from my sales rep. She said that the best that she could do was knock $1,000.00 off of the $52,055.00 MSRP. I guess she'll keep the car. She said that because a new model is being introduced, that dealers are holding onto the 2015 GLK's this makes no sense to me. Aren't they in the business to sell cars & not hold onto them? I have a call into another dealer now.................

kyfdx

target_panic said:

Well............I just heard back from my sales rep. She said that the best that she could do was knock $1,000.00 off of the $52,055.00 MSRP. I guess she'll keep the car. She said that because a new model is being introduced, that dealers are holding onto the 2015 GLK's this makes no sense to me. Aren't they in the business to sell cars & not hold onto them? I have a call into another dealer now.................

Some dealers just don't want to sell cheap... your job is to find one that will.

kapkanimd

Hi kyfdx, thanks again for all your help on this forum. Do you have the July numbers for the base GLK350 for 36mo at 12k mi? Any rebates that you are aware of? Thanks!

kyfdx

kapkanimd said:

Hi kyfdx, thanks again for all your help on this forum. Do you have the July numbers for the base GLK350 for 36mo at 12k mi? Any rebates that you are aware of? Thanks!

RWD or AWD?

Michaell

kapkanimd said:

Hi kyfdx, thanks again for all your help on this forum. Do you have the July numbers for the base GLK350 for 36mo at 12k mi? Any rebates that you are aware of? Thanks!

RWD .00075

4Matic .00083

57% residual for both. 

kapkanimd

awesome thanks! I was looking for RWD, so with the autopay it would be only .00065 right? sounds good!

Michaell

kapkanimd said:

awesome thanks! I was looking for RWD, so with the autopay it would be only .00065 right? sounds good!

That is correct. 

bdab

Need some help in analyzing this deal and would appreciate any thoughts.
GLK350AWD (Premium, Multi Media, Heated Steering Wheel & Front Seats, Keyless Go, Lane Tracking)
MSRP 50,490 (49,565+925 Destination&Delivery)
Sales Price 47,620
Pre Paid Maintenance 975.00
36 Mo 12K miles/year
Residual .58
Money Factor .0083
Acq Fee 795.00
Doc Fee 499.00
Adj Residual 29,849.70 (not sure what this adjustment is because 58% of sales price is 27,619.60)
Gov't Fee 353.98
Tax (NJ) 1,569.53
Security Deposit 0
Down 0
Monthly 677.86
First Payment Waived (Summer Sale Event)

Residual and MF seem in line but the monthly seems high. I just now realized the residual shows "adjusted" and is 2,230 higher than a straight calculation). Have you seen this before? Using a straight .58 as residual, what does the monthly come to?

Michaell

bdab said:

Need some help in analyzing this deal and would appreciate any thoughts.
GLK350AWD (Premium, Multi Media, Heated Steering Wheel & Front Seats, Keyless Go, Lane Tracking)
MSRP 50,490 (49,565+925 Destination&Delivery)
Sales Price 47,620
Pre Paid Maintenance 975.00
36 Mo 12K miles/year
Residual .58
Money Factor .0083
Acq Fee 795.00
Doc Fee 499.00
Adj Residual 29,849.70 (not sure what this adjustment is because 58% of sales price is 27,619.60)
Gov't Fee 353.98
Tax (NJ) 1,569.53
Security Deposit 0
Down 0
Monthly 677.86
First Payment Waived (Summer Sale Event)

Residual and MF seem in line but the monthly seems high. I just now realized the residual shows "adjusted" and is 2,230 higher than a straight calculation). Have you seen this before? Using a straight .58 as residual, what does the monthly come to?

Using the selling price as the cap cost, I get $573.16/mo before tax. I assume that some of those extra costs (taxes, fees, etc.) are being rolled into the cap cost.

Residual is a percentage of MSRP, not selling price.

georgey3737

Can anyone provide the August 2015 money factor and residual for a MB 350 GLK RWD?

Michaell

georgey3737 said:

Can anyone provide the August 2015 money factor and residual for a MB 350 GLK RWD?

.00075 and 55% for 36/15 on 2015 GLK 350 RWD

georgey3737

Thanks -- can you share the residual for 12k miles? Also, is there still the discount for autopay? Many thanks!!

Michaell

georgey3737 said:

Thanks -- can you share the residual for 12k miles? Also, is there still the discount for autopay? Many thanks!!

Add 2% for 12K.

Autopay has a discount of .00010 on the MF

larciel

I'm trying to nab 2015 GLK RWD with msrp 50200 in CA (tax 8%)
With the helpful info here, my calculation came out to be $597/month (57%,0.00075mf)

Question is
1. I'm returning my cls550 5 months early with early-return program. Would they have any effect on this new lease?
2. Since the car I'm looking for still has loads of stock in so.cal would any deal budge on dealing for less than $597? i.e. $580/month and zero drive off. lol