Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier-Mercedes Benz GL-Class Lease Questions

1679111234

Comments

  • additional info. GL450 2010. No MSRP was disclosed. You thoughts?
  • john2011john2011 Posts: 4
    Hi Car Man

    do you happen to know what are the buy rate lease money factor and residual value for 2010 GL450 with 15k for month of July?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    $21,000 down :surprise: . You obviously know not to do that. You really shouldn't lease for 60 months either. You would be much better off going with a 36 month lease. I realize that the truck that you are interested in is probably much better equipped than the one that Mercedes is advertising a lease payment on, but when MB is touting $769 per month with $4,300 down for 36 months on a GL450 the dealer has to have some nerve to offer a consumer $900 per month with $21,000 down for 60 months.

    It sounds to me as though you should shop around with a few other dealers. I certainly would. Find out the MSRP and selling price of the GL that you want and shoot for as large a discount as possible.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello john2011.

    Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GL450 with 15,000 miles per year are .00260 and 54%, respectively for consumers who qualify for its top credit tier.

    When negotiating your lease on this truck, make sure to take advantage of the $2,700 dealer cash that is currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Can someone tell me what the money factor and residual is on these cars for September? I am trying to determine how the 10s compare to the 11s at this point.

    I have an offer for 36 mo lease of 3485 down/999 month (including tax 9.25%) on a MSRP 74,545 reduced to 64,135 on a 10. Not clear to me if 11 is the way to go if I lease.

    Thanks.
  • MSRP 75,655 disounted 4k to 71655 on GL 450 2011. 1049.81/mo with 3,500 down. Dealer says .0214MF and 61% residual. Is this a good deal?
  • I just saw the mgr's lease special of about 6500 down, 10k miles/year over 36 months at 729/month. With increase to 15k miles, i'm told it will be about 800/month pretax. Is this a good deal? If not, what is my best bet? Thanks,
  • Don't know but here is the comparison deal I ended up with on my search. FYI you can't tell whether your deal is any good because you don't show MSRP Total for your vehicle or negotiated price, as well as money factor and residual value.

    My deal that i finalized this week was:

    Sticker total 75,885, discounted 6,500. Lease on 10k/year miles is 3,000 down, 981/month, 36 months. MF .0214 with residual of 61%.
  • I'd be happy to help you out, rumandsun.

    Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2011 GL 450 with 15,000 miles per year are .00214 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2010 model are .00240 and 52%.

    The lease program on the 2010 model is slightly worse than it is on the 2011 model, but Mercedes is providing $2,700 dealer cash plus an additional $1,400 on leases of this truck.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rumandsun, can you name the dealer you worked with? and is this a 2011?

    thanks!
  • kjhokjho Posts: 4
    Hi,

    I got an offer for a 2011 gl 450, $76190 msrp for 1 total pay of 34960. The dealer said this is based on a $70550 negotiated price. Is this a good deal? From what I read, it seems like you lose your down payment in the event of total loss, is there a way to protect your self from this scenario?

    thanks.
  • Sorry don't know the answer but if the dealer uses Mercedes money factor and residual the only thing that will count is the final price. You can plug in any down payment you want including a low one to protect yourself.

    You need to know the MF and the residual for the number of miles you want to drive.
  • kjhokjho Posts: 4
    12k miles/ yr and the residual is 46197. the MF is .00215.
  • kjhokjho Posts: 4
    12k miles/ yr and the residual is 46197. the MF is .00215.
  • ginleiginlei Posts: 9
    Hi Car Man,

    Do you have the Oct 2010 rates for the GL yet? In particular the GL450 and GL550, for 15k annual miles. Thanks!
  • I certainly do, ginlei.

    Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 36 month lease of a 2011 GL450 with 15,000 miles per year are .00194 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2011 GL550 are .00240 and 50%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jimmy24jimmy24 Posts: 10
    Don't know if this is good or bad, but if it helps on going rates, I just leased a 2011 w/ the P2 package at 15mi/year over 48 months for no money down at $1089/month. Seems like a good deal. Little longer than I wanted but no money down and all the extras (appearance package, etc.) was nice.
  • ginleiginlei Posts: 9
    that seems high ... 48 mo lease should be much cheaper than 36 mo, all else being equal

    i just got a 2011 GL450 as well, pretty loaded, MSRP 75,660. P2, lighting pkg, appearance pkg, parktronic, blind spot, illuminated running boards, etc. steel grey metallic on black.

    36 mo lease, 15,000 miles per year. no money down (aka no cap cost reduction). drive off is only first month's payment and CA DMV fees. $975/mo + tax

    really nice car, enjoying it so far. :)
  • I am looking to lease GL450 with package 2 and entertainment pkg. Did anyone lease car lately with such options, whats best offer once could get? looking to lease in a week. Would appreciate prompt response. Thanks so much
  • I am looking to lease this as well, in NJ...can some post their experiences...
This discussion has been closed.