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2013 and earlier-Mercedes Benz GL-Class Lease Questions

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Comments

  • kopierkopier Posts: 7
    I just picked up a 2012 GL 450 MSRP $72,230. lease for 24 months 10k miles per year. Total drive offs $2500 total payment $589.00 includes southern California sales tax. What do you think of this deal. It seams they are really motivatedntonget rid of these of the lots. was told new 2013 are going to hit the lots late July early August. I did not have any fleet or USAA discount. This deal was just a straight transaction. Let me know your thoughts and good luck.
  • Your deal is really good, but wait one more month and better deals will be available for tough negotiators. USAA means nothing. It's a scam. Same as Costco discount. You are always better on your own, knowing latest deals and discounts. Congratulations.
  • arturobarturob Posts: 25
    this is an incredible deal. what dealer was this?
    thanks
  • tlecotleco Posts: 34
    If I can get that deal in Dallas - I would lease 2 for the heck of it.
    for 24 months total cost of $16636 including taxes and interst
    the residual value of tha car must be at least 80%
    Here in Dallas - the cheapest one and drive out for that car is $1000 a month or more
  • Hi Kopier,

    Thanks for sharing, can you tell me which dealer give you that deals, I am going to return my ML and lease the GL,

    thanks
  • ahashmiahashmi Posts: 67
    Did you have a Mercedes before?
  • kopierkopier Posts: 7
    Yes. 7 out of my last 8 cars have been Mercedes.
  • ahashmiahashmi Posts: 67
    Now it makes sense. Mercedes is offering $4000 for owner's loyalty on the GL.
  • kyfdxkyfdx Posts: 27,643
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  • Wanna lease a GL 450 for my wife and new born baby, still confused about money factor and residual value.

    Please help me out.

    Got an offer from columbus ohio, one-pay lease for 24 month, total 19000. Is this a good deal or not? Any trick for one pay or normal lease, which will be 2k more for the total.

    Appreciated!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on the new baby, kirsten308333. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tsftsf Posts: 1
    Thanks for all the info, Car_man!

    Could you update us with the July lease terms (RV & MF) for 24 month/30month with 10K annual miles?

    Also, as GL450 may have special lease rate for the moment, could we still apply the Single-Payment discount to it? If so, how much difference?

    I guess we could not apply the MSD on top of it, could we?
  • vittyvitty Posts: 4
    Hi Car_man,
    Great work keeping everyone informed on lease rates!

    Could I get current residuals and money factor for a 2012 GL350? Looking at 36 month lease 15k miles per year. If you could give me those rates along with a variety of other lease options that would be great as well.
    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem tsf. Mercedes-Benz Financial's July buy rate lease money factor and residual value for a 24-month lease of a 2012 GL450 with 10,000 miles per year are .00140 and 71%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 30-month lease are .00140 and 62%.

    I don't believe that you can use MSDs on special lease money factors. I've heard that the one pay money factor reduction is .00110, but I'm not sure if it is available on special money factors.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks vitty. Mercedes-Benz Financial's July residual value for a 36-month lease of a 2012 GL350 with 15,000 miles per year is 58%. Mercedes is not currently providing any lease rate support on this model. As a result, if you were to lease one through Mercedes-Benz Financial you would have to use its standard lease money factors. I'm not sure exactly what that is right now, but it's probably around .00210 or slightly better.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • llngoc2llngoc2 Posts: 15
    I am aware of the GL450 special lease program from MB Financial for the 24 month lease with 71% residual and 0.0014 MF and I made sure that the dealers who I am dealing with are aware of it.

    However, one of the dealers is quoting me 0.0019 MF and $1095 acquisition fee as he states that it is customary for the dealer to charge half point mark up on the lease rate and $300 for the acq fee. This definitely sounds fishy to me, but can it be true?
  • dkrimgolddkrimgold Posts: 24
    No, it's not true. You can get a straight up MF and residual, as well as the acq. fee from the dealer. You can also reduce the MF via autopay and security deposits.

    The dealers should make enough on the back end. Find another dealer or bargain this down. Better yet, fax a form letter to all the dealership sales managers in the area and see who comes back with the lowest quote. This is your money - make it count.

    Lastly - I hear "one pay" really works well if you can afford it.
  • llngoc2llngoc2 Posts: 15
    So I guess the dealer is trying to maximize his profit then and I should walk on this deal.
  • insidecarbuyinsidecarbuy NYCPosts: 95
    Just helped my friend get this deal.

    MSRP - $71,880
    Conquest - $4,000
    Negotiated the rest down to -
    Selling price - $60,081

    24 month lease with 12,000 miles per year.
    Money Factor with auto pay .00130
    Residual for 12k miles - 70%

    Total out of pocket $2,581.27
    Bank fee- $795
    Transfer plates $100
    Doc fee - $75
    NYS Inspection $10
    NYS Tire Fee $12.50
    Taxes - (7.375%) $1,038.37
    1st month payment - $550.40

    Month payment $550.40

    Needless to say my friend was very happy!
  • insidecarbuyinsidecarbuy NYCPosts: 95
    One pay option drops money factor by .00080 - So the .00140 becomes to .00060 for a 24 month term. Was exploring that option earlier today!
This discussion has been closed.