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2013 and earlier-Mercedes Benz GL-Class Lease Questions

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Comments

  • traderbtraderb Posts: 33
    It seems to me like there are alot of GL in inventory. The est quote I got with the above lease terms was Invoice, I am thinking that I should be able to get one below invoice this month, any thoughts?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello samsonrr. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2011 GL450 with 12,000 miles per year are .00126 and 67%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36 month lease are .00126 and 57%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jefhack1jefhack1 Posts: 8
    Hi Carman,

    Potentially am working out numbers today with a MB dealer. Can you or someone else quickly share what the July 2011 money factor and residual looks like for these specs?

    GL450
    12K miles/year
    36 months

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jefhack1. Mercedes-Benz Finance's new July buy rate lease money factor and residual value for a 36 month lease of a 2011 GL450 with 12,000 miles per year are .00126 and 55%, respectively for consumers who qualify for its top credit tiers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • wtikwtik Posts: 26
    is this something that anyone would recommend?
    also, can we add more options to the special that MB is offering on their lease specials. i.e. the lease special is based on a specific MSRP of $67,105 less the suggested dealer contribution resulting in a total gross capitalized cost of $64,563
    here are the terms:
    $649/mo for 27 month lease
    $649 First month payment
    $4,999 Capitalized cost reduction
    $795 Acquisition fee
    $6,443 Total cash due at signing
  • traderbtraderb Posts: 33
    I wanted to post the deal I am signing tomorrow. I use this sight to always start my negotiations so thx Car Man.
    27 month, 10k/year

    MSRP $70,120
    selling price $63,400
    MF .00116
    Residual 68%
    $747/month

    put tax and fees up front, no cap cost reduction.

    I think I might have been able to do a little better by shopping around a little more but he gave me this price off the bat so I wanted to give him the business. I also am turning in an R350 with about $1300 in damage that he is taking, so I am factoring that in too.

    All in all, happy with the deal.
  • wtikwtik Posts: 26
    Thanks for your feedback. I like the 27 month lease.
    I have a couple of questions:
    1 - is the lease based on the MSRP or is it based on the selling price?
    2 - How did you handle the trade in?
  • traderbtraderb Posts: 33
    its not a trade in, I was coming off lease. So they waive the dispo fee and the damage I had on car.

    leases are based on the difference between selling price and residual. You want a really high residual( 68% is what I got) and a low selling price. The residual is always based on MSRP, you actually pay for the difference between selling price and residual value. Thats why the actual MSRP doesnt really matter, and why you can get a 70k truck for the same price as a 40k one on a lease. hope that helps
  • ab_vegasab_vegas Posts: 9
    Hi traderb, can you please tell me which dealership this is at? I know (per the rules) you can't list salesperson here (don't know why) but dealership is OK. That sounds like an absolutely phenomenal deal!!!

    Thanks, George
  • wtikwtik Posts: 26
    This is very helpful. Thanks.
    I am based in Boston and will most likely make the move on the GL 450 before the end of the month to take advantage of the 27 month lease which I think is very good.
  • traderbtraderb Posts: 33
    ray catena in jersey
  • ab10000ab10000 Posts: 127
    Hi

    Why you did not do the advertized special of 649.00 per month with 5 K down?
  • wtikwtik Posts: 26
    I am in the process of negotiating. I would like to get more options than P1 for the same montly payment. I feel that they will can accomodate more options. There are many new GL 450 on their lot. I can imagine that they would want to move inventory and hence provide a better deal. Any ideas?
  • wtikwtik Posts: 26
    What kind of option did you get on your GL450. Do you feel that there is one that you should've had?
    I am interested in:
    P1 Package
    Lighting Package
    Running Brds
    Parktronic
    Blind Spot Assist

    Any suggestions?
  • wtikwtik Posts: 26
    A MB dealer in NY is advertising $549 lease speacial for 27 months.
    is this good to be true, what is the catch, if any? all other dealers have the $649 lease for 27 months.
    Thanks!
  • Carman,

    Can you provided updated August residual and money factor for 2011 MB GL 450. Not sure if they are still offering 27 mo lease. If so please provide for those terms and/or 36mo. 12K miles.

    Thanks
  • agamnyagamny Posts: 6
    Hi all / Car_Man

    Leasing 73K MSRP GL450 this month with 12K miles and 27 months total.

    Here's what I have been offered:
    Base payment is 700 (750 incl tax).
    First month payment ==> Cap reduction 5800 + 750 monthly + 300 license fee = 6850.

    National Ad has a 649 monthly payment and 6443 first payment.

    Please advise if this is a decent deal. I am looking to get this by end of Aug.

    Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, albertob. Mercedes-Benz Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 GL450 with 12,000 miles per year are .00126 and 55%, respectively for consumers who qualify for its top credit tiers.

    I'm not sure if MB is still running 27-month leases on this model, but if it is the numbers for that term are likely .00126 and 67%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • agamnyagamny Posts: 6
    Car_man,

    How do we use those numbers to get reasonable monthly and down payment numbers?

    Thanks.
  • wtikwtik Posts: 26
    Hi agamny,
    Here is an offer we received.
    GL450 MSRP $73,240 Lease for 27 months with 10,000 miles per year for $810 including sales tax & maintenance,
    $2,200 due at signing.
    I would suggest to reduce the total amount at sign-in.
    Hope this helps.
  • You can get a better deal. For the same vehicle I paid 805/month with $2k out of pocket - 27 month lease w/12k miles/year.

    Good luck.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey agamny. Negotiate as low a selling price as possible on the vehicle that you are interested in and then have the dealer calculate your monthly payment using the numbers that I provided.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Is 805 the payment before tax.
  • Got a deal last night. 2200 Drive off. 763 incl tax (72k msrp) 12k per year. Thanks guys 27months
  • drewtabdrewtab Posts: 8
    That is a fair deal and the deal I am trying to negotiate, where did you get that deal
  • drewtabdrewtab Posts: 8
    what's a recent deal someone got for a GL450 27 month lease, Msrp $71k, 12k mileage, benz leasing, limited out of pocket
  • Can you give the monthly payment before tax?
  • I believe it was $704...Southern California Los Angeles
  • kjm11379kjm11379 Posts: 16
    Here is a deal I was offered today. MB of Devon, PA. GL 450 Silver with black MB Tex. Options: P1, RSE, Blind-spot, Parktronic, Appearance Package, Lighting Package, trailer hitch, heated steering wheel. Sticker with destination is just shy of $75,000. I used USAA discount on top of my negotiated deal with the dealer. I am down to $63,000.00 as selling price. They also gave me $1,000 more for my trader then three other MB dealers were offering.

    Payment with Tax is $775.00, 27 months, .00126, 65%, 15,000 miles, approx $2500.00 out of pocket includes first months and all fees.

    I think I got a pretty good deal, anyone else have think so?
  • What is the sale price you got for the 72K MSRP GL450? I tried to caculate the sale price from your monthly payment with 0.00126 money factor and 67% residual value. The sale price is about $56000, almost $16000 down from MSRP. Did I miss something?
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