Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

2013 and earlier-Mercedes Benz GL-Class Lease Questions

1…34689…14

Comments

  • kjm11379kjm11379 Member Posts: 16
    The August "Buy" rate is .00126 for the money factor, which is about 3.04%. They offered me .00156 first but I asked for the buy rate. You must be 740 credit score and above. If you do auto payments they offered me .00116 which is about 2.78%.

    KJM
  • drewtabdrewtab Member Posts: 22
    yup agree, that is how the lease calculation came out to $783 with the $4000 out of pocket (including first month, tag, dealer) and $5000 discount from them on msrp $75,405. I see others came out less out of pocket with same factor rate. Some is with the USAA discount
  • ahashmiahashmi Member Posts: 141
    Whats the RV and MF for a 36 month 12k mi/yr lease for GL450?
  • cperrynbrhcperrynbrh Member Posts: 7
    received a quote for 2011 GL mercedes lease - payment $660 per month including tax with $3,000 down (includes first payment, fees). 12K per year miles. Does this sound right? Good deal?
  • drewtabdrewtab Member Posts: 22
    Depends on MSRP. I took delivery $75,400 MSRP. $4k down $660 including service 12k. That was with USAA discount
  • cperrynbrhcperrynbrh Member Posts: 7
    edited August 2011
    The MSRP was $70K
  • btrentbtrent Member Posts: 12
    How many months?

    What state are you in?
  • cperrynbrhcperrynbrh Member Posts: 7
    27 months- Massachusetts - payment now $650 with $3K down
  • btrentbtrent Member Posts: 12
    One last question. What was final negotiated price of the car?
  • cperrynbrhcperrynbrh Member Posts: 7
    $61,300
  • btrentbtrent Member Posts: 12
    Can you give me the dealership name and city? I am not opposed to traveling to get a good deal.
  • cperrynbrhcperrynbrh Member Posts: 7
    So, this is a good deal? Dealership in Rhode Island.
  • ab10000ab10000 Member Posts: 127
    Hi
    Is tax included in your payment? What is the MF? Did you use usaa?
  • cperrynbrhcperrynbrh Member Posts: 7
    Yes. Tax is included. Did not use usaa. Not sure what mf means.
  • btrentbtrent Member Posts: 12
    mf = money factor (another term for interest rate)
  • koreancarkoreancar Member Posts: 1
    Hi, just a quick question. I got a lease for 27months $799/month with 10K miles with no money down and tax included. The MSRP is $78,215. Is this a good deal?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi btrent. Mercedes-Benz Financial's August buy rate lease money factor and residual value for a 48 month lease of a 2011 GL450 4Matic with 15,000 miles per year are .00126 and 44%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bstncarbyrbstncarbyr Member Posts: 6
    I am in MA looking to lease the same vehicle can you tell me what dealership you went to...looks like you got a good deal...first offer to me then lowered the price from $71,125 to $66,635. Need them to do much better

    Thanks
  • bstncarbyrbstncarbyr Member Posts: 6
    Does anyone know the mf and residual on a 12k mile 27 or 39 month lease for sept.
  • rachele_srachele_s Member Posts: 1
    I'm new to leasing. I want to Lease a GL 450 with a MSRP of $71K; Lease period is for 36 months, 12K miles/year. I want to keep payments less than $600/month. How do I make this happen? What should the residual value be? What types of questions should I ask? How should we enter the negotiations? What money factor is considered the best? I have a credit score of 800. I live in NJ. Down payment is not an issue. I do not have a trade-in.
  • missing_pghmissing_pgh Member Posts: 7
    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!
  • btrentbtrent Member Posts: 12
    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
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ali9986ali9986 Member Posts: 15
    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!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tlecotleco Member Posts: 34
    Can you confirm GL450 2012 with 15K yr residual is 68%. That is very high and very good

    Thanks
  • tlecotleco Member 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
  • ali9986ali9986 Member Posts: 15
    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 Member 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 Member 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 Member Posts: 34
    Soory - Wrong depreciation - should have been from MSPR
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tleco. that number is indeed correct.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Yes, ali9986, as the current owner of a Lexus you would be eligible for the conquest cash promotion.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • albertobalbertob Member Posts: 17
    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
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • copperskiercopperskier Member Posts: 7
    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!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • copperskiercopperskier Member Posts: 7
    Thank Car man. Any updates for October, for both 2011 and/or 2012>
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • weakestlinkweakestlink Member Posts: 42
    Can you provide the 24/27 month residual and money factor? Also the 30/33 if available.

    Thanks.
  • mb_consumermb_consumer Member Posts: 7
    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 Member Posts: 7
    edited October 2011
    Car man, would my 2004 7 series qualify for conquest cash in a deal for 2011 gl 450 lease?
  • copperskiercopperskier Member Posts: 7
    mb_consumer, where are you located? That seems real cheap vs what I see in CT
  • cperrynbrhcperrynbrh Member Posts: 7
    What is the monthly payment? How much cash down?
  • heabuyerheabuyer Member Posts: 7
    edited October 2011
    What is the 2011 October residual value for 20,000 miles per year?
  • newbuyer7newbuyer7 Member Posts: 4
    What is the maximum amount of conquest cash dealers are able to offer on 2012 GLs ?
  • mb_consumermb_consumer Member Posts: 7
    I'm located in Irvine, CA
  • mb_consumermb_consumer Member Posts: 7
    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.

Helpful Tools

Most popular vehicles