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2013 and earlier-Mercedes Benz GL-Class Lease Questions

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  • Car man,

    Do you have Sept MF and residuals yet for 2012 GL450 15K and 18K/year, 24mo and 36 mo? Or maybe any special programs (e.g., 27 mo.)? Market is greater Washington, DC - Maryland/Virginia.

    Thanks!
  • How did you begin your negotiations? Did you handle via the internet? Did you make the first offer or did the dealer make the first offer? Just wanted some advice on how to start negotiations.

    Thx
  • Hi bstncarbyr. Mercedes-Benz Financial's September 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 55%, respectively.

    If this model is eligible for MB Finance's "Value Added" program then you might be able to use these programs for 27 and 39 month terms.

    Car_man
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  • Greetings rachele_s. It sounds as though you are new to leasing. If so, 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.

    Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2011 GL 450 with 12,000 miles per year are .00126 and 55%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • I certainly do missing_pgh. Mercedes0Benz Financial's September buy rate lease money factor and residual value for a 24 month lease of a 2012 GL 450 with 15,000 miles per year are .00195 and 68%, respectively for consumers who qualify for its top credit tier.

    I believe that 15,000 miles per year is the highest mileage allowance that Mercedes-Benz Financial publishes residual values for. If that is indeed the case and you drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
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  • Hi Car man,

    Do you have Sept MF and residuals yet for 2012 GL450 15K and 10K/year, 36mo and 48 mo? Or maybe any special programs (e.g., 39 or 42 mo.)? Market is Irvine,CA.

    Thanks!
  • Here's the information that you're looking for, ali9986. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36 month lease of a 2012 GL450 with 10,000 miles per year are .00195 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48 month lease are .00195 and 50%.

    As far as cash incentives go, Mercedes is currently providing dealers with $4,000 certificates that can be given to the current owners of select luxury vehicles when they purchase or lease a GL.

    Car_man
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  • tlecotleco Posts: 34
    Can you confirm GL450 2012 with 15K yr residual is 68%. That is very high and very good

    Thanks
  • tlecotleco Posts: 34
    If that is the deal ...then congrats.
    I've leased over 20 cars MB. BMW etc and never got a huge discount...They would not discount that much for a DEMO.
    Maybe I should check your dealer and let them ship the car to TX
  • Hi car_man,

    w.r.t. your 2nd portion of the answers, does the select luxury include 2007 Lexus GX470? If you do not have the list, who might be able to answer this? MB Dealer?

    Thanks,
    ali9986
  • tlecotleco Posts: 34
    how is that possible with $2500 down and payment is $772 including tax

    Depreciation fee is Net cap cost - residual * term
    $63000 - $40950 = $22050 ÷ 27 =$816
    that is not included interest and tax
  • tlecotleco Posts: 34
    here in Texas we have to pay the sale tax for the whole value of the car divided for the term of the lease.
    Putting that aside, using auto lease calculator and manual calculator -my figures are no even close with some of you in here.
    What am I doing wrong
    I am in the process of leasing 2 cars. C250 sport and GL450
    GL450 MSRP $69000 selling $61500 term 27 months 67% residual
    $61000 -$46230 = $14770÷27 =$547
    MF .00195 x[$61000 +$46230]=$209
    tax 6.25% x61000 = $3812 ÷ 27 = $141
    $547 + $209 + $141 = $897
  • tlecotleco Posts: 34
    Soory - Wrong depreciation - should have been from MSPR
  • Hi tleco. that number is indeed correct.

    Car_man
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  • Yes, ali9986, as the current owner of a Lexus you would be eligible for the conquest cash promotion.

    Car_man
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  • Carman, Can you provide MB September residual and money factor to lease GL550. I am open to 24, 27 or 36 month lease depending on whatever term MB is promoting this month. 12k miles.

    thanks
  • Hello albertob. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 24 month lease of a 2011 GL550 with 12,000 miles per year are .00126 and 63%, respectively for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 36 month lease are .00126 and 47%, respectively.

    Car_man
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  • Car man

    Looking at 2011 GL450 lease for 27mos, which I guess falls under the Value Added program given the term. Does the Sept MF of .00126 and 67% resid hold for this 27mo lease as well or are they different?

    Also, how should I view the $4,000 certificate when figuring the correct prices to pay for the car? Does the Edmunds True Value price include that or not? Dealer said I qualify for turning in my Audi. Thanks!
  • Hi copperskier. I believe that the numbers are indeed the same for a 27-month lease.

    The TMV price definitely does not include the conquest cash.

    Car_man
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  • Thank Car man. Any updates for October, for both 2011 and/or 2012>
  • You're welcome copperskier. Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 24-month lease of a 2012 GL450 with 15,000 miles per year are .00131 and 68%, respectively for consumers who qualify for its top credit tier.

    The numbers for the 2011 model are .00126 and 65%.

    Car_man
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  • Can you provide the 24/27 month residual and money factor? Also the 30/33 if available.

    Thanks.
  • Just spent 2 hours at dealer and came away with the following offers:

    GL450 black/black, P1, parktronic, trailer hitch, running boards, prewire rear seat entertainment wiring, 3 zone ac, blindspot, msrp $71,965

    negotiated price of $65,114- $2,000 conquest cash = $63,114 (excludes tax, license, includes destination)

    lease details: 12,000 miles per year; .00131 money rate, residual for 24 month term was 70%, 36 month was 57%, 42 month was 53%, 48 month was 49%, 51 months was 47%

    Are those numbers a fair deal?
  • heabuyerheabuyer Posts: 7
    edited October 2011
    Car man, would my 2004 7 series qualify for conquest cash in a deal for 2011 gl 450 lease?
  • mb_consumer, where are you located? That seems real cheap vs what I see in CT
  • What is the monthly payment? How much cash down?
  • heabuyerheabuyer Posts: 7
    edited October 2011
    What is the 2011 October residual value for 20,000 miles per year?
  • What is the maximum amount of conquest cash dealers are able to offer on 2012 GLs ?
  • I'm located in Irvine, CA
  • initial payment on the lease is documentation fee of $45+755.66 first month's payment+907.10 registration fee in CA+795 lease acquisition fee.
This discussion has been closed.