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2013 and earlier-Mercedes Benz GL-Class Lease Questions

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  • Hi Car_man,

    Thanks for all the info... My GL450 is finally built. After seeing the same rates posted for the past few months, just want to verify that the lease factor / residuals haven't changed in February. I'm looking for 10k & 12k per year for 36 months, see money factor of .00160 and residual 64 % and 63% respectively.

    Is this still correct for February?
  • I also see several months back where the money factor was .00150 for auto-pay. Is this still in effect? Thanks again.
  • Please help to send the Money factor, residual for the GL450 2 and 3 years, 12k/year.
    I've heard the program is better than Jan's.
  • Hi bwest1. The residual values for this model are still the same, but I've heard that Mercedes-Benz Financial's standard lease money factor is worse this month... .00205. Has anyone else heard this?

    Car_man
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  • Hi cc12359. I've actually heard that the GL's February lease program is worse than January's was. What specifically have you heard?

    According to what I'm hearing, Mercedes-Benz Financial's February buy rate lease rate and residual value for a 24-month lease of a 2013 GL450 with 12,000 miles per year are .00205 and 72% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00205 and 63%.

    Car_man
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  • Just closed the deal on Saturday. Apparently the Feb lease rate is .00170 for 36 months.
  • Carman if you could please provide current MF, residual and any other incentives available for a 36month 15k lease on a 2013 GL350 diesel. Thanks.
  • psmdpsmd Posts: 12
    Carman- Can you please post the March Lease rate (Money factor and Residual Value) on
    the GL 450 and 350 Diesel
    With 3 yr and 12K miles and 4yr and 12 k miles?
    Thanks in advance
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Certainly domain123. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2013 GL350 Diesel with 15,000 miles per year are .00205 and 60% for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for psmd. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2013 GL450 with 12,000 miles per year are .00205 and 63% for consumers who qualify for its Tier 1 credit tier.

    The numbers for an otherwise identical 48-month lease are .00205 and 54%.

    The numbers for the 2013 GL350 Diesel are .00205 / 62% and .00205 / 54%.

    Car_man
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  • marc68marc68 Posts: 27
    Car Man,

    Do you know what MB's money factor is for a pre paid 36 month lease on a GL450?

    Thanks
  • Car Man,

    I am picking up / leasing a new GL550 that is scheduled to be delivered to the dealer in the next few days and was wondering if you could provide me with updated April money factors and residuals for a 36-month lease with 15,000 miles per year. Does MB offer a higher mile option?

    Also, do you know if the current MB Loyalty program will buy out the final 5 months on my current lease? I have received conflicting information on that.

    Thanks for your help,
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi marc68. Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 36-month lease of a 2013 GL450 with 15,000 miles per year are .00205 and 61% for Tier 1 customers. The last time I looked into pre-paid leases through MB Finance (which admittedly was not recently) the money factor reduction was .00110.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gmfcolorado. Mercedes-Benz is not currently providing any lease support on the 2013 GL550. As a result, it you were to lease one through Mercedes-Benz Financial you would have to use its standard lease money factor. That factor varies by credit tier, but to give you an idea of what it would be like, it's .00205 for Tier 1 customers.

    The residual value for a 36-month, 15,000 mile per year lease of a '13 GL550 is 56%.

    15,000 miles per year is the highest mileage allowance that I have seen residual values for when leasing through Mercedes-Benz Financial. If you need to drive more than that, you may have to purchase additional miles on a per-mile basis. It is usually less expensive to to so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    I think that Mercedes will only waive three remaining payments for consumers leasing a new GL. The higher 5 month waiver is only available on select models.

    Car_man
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  • ginleiginlei Posts: 9
    Hi car man,

    Do you have May 2013 rates and resid for both GL 450 and 550's?

    And do you know if the number of payment credits for early lease termination have changed at all this month?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello ginlei. Mercedes still is not providing any lease support on the 2013 GL.

    Its current residual value for a 36-month lease of a 2013 GL450 with 15,000 miles per year is 61%.

    The residual value for an otherwise identical lease of a 2013 GL550 is 56%.

    Mercedes' standard money factors vary by credit tier and perhaps by region. They would probably be around .00205 for Tier 1 customers.

    Car_man
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  • marc68marc68 Posts: 27
    CarMan

    Thanks for the response. So I guess the standard money factor for a 36 month prepaid lease on a 2013 GL450 would be .00095 That would be more than 50% less than the standard rate of .00205. Is that correct?
    Also, the standard monthly rate of .00205 I assume is a dealer markup from the base rate.
    What is the base dealer rate on a 36 month lease for a GL?
    Thanks for your help!!
    Marc68
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome marc68. The money factor that I mentioned does not include any dealer mark-up. It's high because Mercedes is not providing any lease support on the GL right now.

    Car_man
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  • ram43ram43 Posts: 1
    Carman,
    I am looking to lease GL 450 10,000/ 36 month MSRP 70,000
    with $0 down

    what should i be looking at from monthly payment perspective? new to the leasing.
  • traderbtraderb Posts: 33
    Hi Car Man,

    Can you please give me the June #'s for a GL 450 and Gl bluetec. both 24,36 or 27,39 month whichever is better, 10k miles/year

    thank you
This discussion has been closed.