2013 and earlier-Mercedes Benz GL-Class Lease Questions

wtik · June 2013

My lease on a 2011 will expire in three months. I have the following questions:
What are the pros and cons of returning the vehicle to the same dealer?
What benefits/ credits would an existing MB customer get whether standard credits or negotiated credits.
Would a dealer typically take care of minor but noticable body damages?
The car has approximately 10K, very low mileage for a 27 month lease return.
Thanks

CarMan@Edmunds · June 2013

Sure traderb. Mercedes-Benz Financial's June buy rate lease money factor and residual value for a 24-month lease of a 2013 GL450 with 10,000 miles per year are .00205 and 73% for consumers who qualify for its Tier 1 credit tier.

The numbers for an otherwise identical 36-month lease are .00205 and 64%.

Car_man
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CarMan@Edmunds · June 2013

Hi wtik. There really isn't any specific benefit to returning your vehicle to the exact same dealer that you leased it from, other than they will likely be more interested in helping you than a random dealer that you did not get your vehicle from would be.

Car_man
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mas6002mi · June 2013

36 mo, 7500 miles per yr, MSRP 78000

24 mo, 7500 miles per yr.

Car_man can u provide me the MF and residuals for these.... thanks.

salach · July 2013

Hi Carman,

Could you provide the July residual percentage and money factor for the GL 350 Bluetec please? 10k miles per year and 36 months.

Thanks.

thomastka · July 2013

Hi, what is the current (July) money factor for a single pay lease of a GL550? I think this is usually provided as a discount from the normal money factor?
Also, is the July GL550 36m residual still 56% for 15k miles and money factor 0.00205?
Finally, does MBFS have the multiple security deposit discount in Florida and how much is the discount?

Many thanks!

wtik · July 2013

What kind of deals are available for current MB owners?
Anyone can tell what the MF for GL 450?
What is release date for the 2014 model and any new things added to it?, is it worth waiting for or just go with the 2013 ?

ohnims2 · July 2013

Hey guys, today, I was quoted a lease on a new GL450.
Here is the breakdown:
MSRP 63,900
Black MB-Tex, P02 5,850, P44 1,290, Pano 1,090, Ill running boards 670, pre wiring 170
Subtotal: 72,970
Destination: 905
Total Sticker: 73,875

With tax title and registration, 4,936 due at signing and 899 per month. 3 years, 10,000 miles per year.

I think I could certainly do better, but I wasn't given any details about what the price of car he was basing it on or anything

What do you guys think?

Thanks!

wtik · July 2013

I think you can do a lot better. i.e no money down and lower mo. Payment

austriajohn · July 2013

Hello Car Guy,

I was given a lease price for a 2014 GL 550 and the price of the vehicle is $91,880. I have a trade with about 10 grand that will go towards the GL550 and the dealership gave me these numbers. $1,555+tax for 36 months (10k miles a year). Is that a good deal. Seems kinda of high to me for a $91K car.

ew13806 · July 2013

Hi,

I am on the market for a 2013 GL350/450. I heard this is the time of the year the price of the current year model (2013) can get way lower than invoice when the dealers start to bring in 2014 model. Is that true? How much discount can it be typically?

Thanks,
EW

e92s65m · August 2013

Hi Carman,

What is the residual and money factor for august for 2014 GL 350 for 36 months 12k/year?

Thanks,
SD

burnsp · August 2013

What is Mercedes-Benz Financial's August 2013 buy rate lease money factor and residual value for a 36-month lease of a 2013 GL450 with 12,000 miles per year?

Thanks for you help.

glipper · August 2013

I was quoted a money factor of .00165 and a residual of 64% for a GL450.

Thoughts on my deal (I don't like it):

MSRP: $74,640
Price: $70K
36 month includes tire package and service

10K miles: $902
12K miles: $922
plus $2500 down

Thoughts?

burnsp · August 2013

Glipper

Does that include tax in the payment?

glipper · August 2013

Tax included.

burnsp · August 2013

I was offered a similar deal.

glipper · August 2013

I think i am taking the deal. Adding in the tire protection and annual services seems to make it a fair deal. Thoughts?

medphreak · August 2013

Can someone provide the August lease rates and residuals for a 2014 Mercedes GL350 BlueTec? How do the diesel residuals compare to the GL450 and GL550?

Thank you!!

brandnewbie · August 2013

Quoted yesterday:

2014 GL450 $80575
36mo/15k mi
.00175 MF 61% Res
$5k down $1133/more

Its Greek to me..any thoughts?

johnindenver · August 2013

Looking for MR and Res %.

This is what I was quoted from a MB dealer here in Denver today 8/26/2013:

2014 GL450
Leather, P01, 319 Lighting, 322 Appearance, Driver/Pass Contour, Heated/Vent Front Seats, Panoramic Sunroof, Heated Steering Wheel, Trailer Hitch, 3 zone, harmon/kardon, power easy entry, pre-wire rear, heated rear, keyless-go, 980 chrome, 933 lane track, 996 park assist pkg

w/ $925 destination delivery
total of $83620

36mo lease/15k miles per mo
$5000 cash

$79762 gross cap
$3506 cap cost red (see $5k down breakdown below)
residual value $51008.20
Rent Charge $11224
Base monthly $1013.13
Monthly Sales/Use Tax $40.52
Total Monthly $1053.65

$5000 cash down breakdown:
3506.36 cap cost red
sales/use tax $427.79
title fee $12.20

$595 Vehicle Turn In Fee (if not buying, and we don't plan to)

I think the residual value is 64% ???

And I think the MR is 0.001636 which is (*24) = 3.92%
(We should be Tier-1 credit rating.)

But this is the first lease I've seen and not sure on my calculations.

Is this a good deal?

He did ask our tax district, so taxes should be included.
(We're unincorporated Douglas County so tax rate is pretty low here.)
And he said we can get further $2000 discount if using USAA or United Mileage Premier.

I'm really leery of all these lease terms.

Thanks for the help in advance.

-John

marc68 · August 2013

I calculated your figures and I think your MF is .00225 and not .001636.
I have also been shopping for a 2014 GL and have been told that the buy rate for Tier 1 is .00225. I am doing a 36 month prepay and have been told that the rate reduction for a prepay is .0008. I have read conflicting things about the Tier 1 rate. I have read its .00175, .00205 and my dealer says its .00225. I don't know what to believe. However, based on your payment, I feel the rate being used is .00225.

mlevine · August 2013

Residual value is a set number. The money factor is important to know as this number can be increased by the dealer for extra profit. You may not be able to negotiate much off MRSP as the GL series are flying off the lot. You are using the $3500 to lower MRSP $83620 to $79762. Not sure of where the remaining $1500 is going. I do not think this is a good deal, but dealers are not discounting this vehicle. You may be eligible for fleet discount.

jim53 · August 2013

I am also interested in finding out what MBF's current residual and mf are for a 2014 GL450 for 36 and 39 months and 12K miles per year. Any help would be greatly appreciated.

johnindenver · August 2013

First, thanks for marc68 and mlevine for responding so quickly.

I've done a ton of research on this whole lease thing since my post, I'm a computer guy so naturally put this all on an excel spreadsheet comparing a 2013 MB GL450 with a 2014 - with just about the same options (higher end options on both I believe).

Here's the 2013 - $84394 includes base, options, destination&delivery, and maintenance plan ($1629) - 36 month lease with 15k miles per year - MR is 0.00200 - translates to 4.8% - residual value is 61% - which makes it $51480
This is from a printout from MB dealer - looks like a screen shot of a 3270 mainframe screen from MB Financing. $6455.14 due at signing - with $5000 going to cap reduction and rest to first month payment of $954.08+12.20 filing fee+upfront use tax at 1% of $238.93+cap reduc. tax at 5% of $250. We have a low 4% tax rate (monthly use tax line item) where I live - payment would be $954.08 grand total (including tax)

Here's the 2014 - $83620 includes base, options, destination&delivery, BUT no maintenance plan - 36 month lease with 15k miles per year - MR is 0.00245 - translates to 5.88% - residual value is 61% - which makes it $51008
This is from a filled in lease contract from dealer. $5000 total down, of which $3506 going to cap reduction, and the rest to filing fee and those taxes. We have a low 4% tax rate where I live - payment would be $1053 (probably the same type of calculations as the 2013 deal) grand total (including tax).

With the MF being lower on the 2013 (1.08% lower) the payment is lower even though they add in the maintenance plan plus on the 2013 we'd be doing a full $5k in cap reduction as opposed to the $3503 cap reduction on the 2014.

I still need to play with the numbers to compare apples to apples on the cap reduction to see how the 2013 plays against the 2014.

One question - 3-zone climate control is not included on the 2013 but is on the 2014. Does this mean the 2013 has a dual-climate control (1 for front, 1 for mid, and 0 for 3rd-row) or a single climate control system? I didn't really pay attention to it while there looking at it.

Thanks again for everyone's help.

-John

mb_ryna · August 2013

JohnInDenver,

Regarding the United airlines /MB partnership, how does that work?

From a UA mileage bonus perspective, it's clear. If you buy certain make of MB, you get 25,000 miles (enough for a domestic ticket). However from a car discount perspective, if my understanding is right, there is no value.

i was hoping it gave you a discount (like a fleet discount), or provided a certificate to take $x off the final negotiated price. From what I can tell, it just passes your name to local dealers and you get bids from them

Can you shed some light as so how this works and where the value is?

mlevine · August 2013

I think you are putting a big down payment to lower cap cost and hence lease payment. I am not a big fan of doing that. For a 2013 would try to lower the cap cost more as th 2014's are out and this vehicle has significant deprciation, already coming to end of 3rd quarter of 2013. That being said, GL is a very hot vehicle and difficult to negotiate on. I think both money factors (2013 and 2014) are too high. Check with car man for GL 450 August money factors for both years. You may want to wait a few months and track the lease data. Consider ordering a 2014 with options you want and also wait for the winter event.

johnindenver · August 2013

Here's what I've been told by the dealer and a little of it from the UnitedAirlines website under the Frequent Flyer programs page after I logged into United with my FF# and password:

You have to be Premier Status on UA then you get $2000 additional off MSRP. Not sure how they connect the two. UA site says it's only good for C class and some others not GL, but Dealer said it was and would give it.

Dealer also said if you have USAA insurance then $2000 additional off MSRP. I did not inquire if I could use both at the same time for $4000 off MSRP.

The pessimist in me says this may be a bunch of BS. Dealer could use this "discount" against you by saying "I already discounted the car $2k so I can't give any more on the agreed purchase price". You can see how that argument is structured. It's probably tied to a referral between BM and UA/USAA that you'll never know that value.

-John

dewarsandsoda · August 2013

Hi johnindenver,

I, too, have a couple issues with your lease quote, particularly MF.

1. I believe the base rate MF for a 2013 GL450 is ).00175 (=4.2% interest) (assumes top tier credit) so .00200 is a definite mark up.
2. While I don't know the base rate MF for a 2014 GL450, .00245 seems too high as the highest I've ever seen for any new MB vehicle is .00225.

In addition to further negotiating the sales price or leveraging incentives (e.g., fleet, USAA, etc.) to reduce cap cost, I would recommend MSD's with autopay as a means to buy down the MF. And, you get the deposits back at the end of the lease. Another alternative is to do a one-pay lease as that provides a reduced MF. I personally don't like that option as MB has been offering payment accelerator programs to waive 3-5 of your payments if you return and lease a new MB.

Cheers!

johnindenver · August 2013

Hi Carman, I'd also like to know the RV% and MF for August, 2013 GL450 and 2014 GL450, 36 months lease @ 15k miles.

-John

2014 GL 350 lease by e92s65m
Aug 02, 2013 (9:37 am)

Hi Carman,

What is the residual and money factor for august for 2014 GL 350 for 36 months 12k/year?

Thanks,
SD

mlevine · August 2013

To Johnindenver,

I agree with suggestion of MSD's and autopay to lower money factor. Must get correct money factor first. I would take the down payment and use this instead on the MSD's. I would use Edmonds to see the invoice on the GL 450 you want, subtract the fleet cash you qualify for from invoice, and then work up from this number for your cap cost. The key with leasing is the cap cost which is the only variable. Car man will give you the residual value and money factor which is a set figures form MB financial. There are also some upfront fees that are standard, MV fee, bank fee, sales tax. In some states a dealer fee, or doc fee, or prep fee(called many different things) is extra profit, but almost impossible to negotiate.

kyfdx · August 2013

2013 GL450 36 mo 15K mi/yr .00175 MF, 61% Residual
2014 GL450 " Std. MF, 61% Residual

2014 GL350 36mo, 12K/yr.. Std MF, 62% residual (diesel model, right?)

I'm not sure what the standard MF is.. .but, it's bound to be higher than the .00175, because that's a special money factor

regards,
kyfdx

glquest · September 2013

Can anyone share the 2014 GL450 MF for Sept? Thanks.

kyfdx · September 2013

Standard money factor... Residual is 61% for 36mo., 15K/yr

afranklin3141 · September 2013

What are the September numbers for the 2014 gl450 with 10k or 12k in miles. I have one on order and it's expected next week so I want to be prepared when I start negotiating. Thanks.

kyfdx · September 2013

Standard money factor (.00225?)

Residual 64% or 63% respectively...

gvitalik1 · September 2013

Hi,

What are the Sep rates for '13 GL450 for 12k/15/k. And what is the best lease length right now on this model?

kyfdx · September 2013

.00159 MF and 60% residual for 36mo/15K.... That's probably the best term... Add 2% for 12K/yr

gvitalik1 · September 2013

thanks alot, could you also help with same but for '14 gl?

kyfdx · September 2013

for 2014 GL450... standard money factor (.00225) and 61% residual for 36mo, 15K/yr.

medphreak · September 2013

Could someone provide the current residual and MF for a 2014 GL350, 36 months, 15K miles/year?

Thank you.

rxlease · September 2013

Hi, could you please comment on this deal:

MSRP: 76,670 including destination and delivery on a 14' GL450. $4K down with $870/month including CA taxes and title for a 27K miles lease with 12K miles.

Much appreciate any feedback.

kyfdx · September 2013

" residual and MF for a 2014 GL350, 36 months, 15K miles/year"

Standard money factor (.00225?) and 60% residual

regards,
kyfdx

luke80 · October 2013

I am looking at a 2014 GL 350 MRSP $76500

Dealer is giving me $12000 for my car plus 3500 cap reduction, 19,900 miles/ year on a 36 month lease. Quoting me $960/mo lease in upstate NY. I just can make these numbers work from reading the other posts. Am I missing something. Are the MF and residuals significantly different for the GL 350?

Thanks

rfans · October 2013

Hi, could someone tell me the mf and residual for 2014 GL 550 with driver assistant package ($1,950)? 3yr, 15K miles/yr. thank you.

kyfdx · October 2013

2014 GL550 36mo, 15K/yr lease
Standard money factor and 56% residual

regards,
kyfdx

robrtgolf · October 2013

Hello Kyfdx,

Can you please tell me what is the MF and residual for a 2013 and 2014 GL450 RWD and 4Matic.
24 and 36 months with 12K miles per year.

Thank you

RM

kyfdx · October 2013

2013 GL450 36mo, 12K/yr lease
.00159 MF and 62% residual.. 24 month lease residual is 69%

2014 GL450
Standard money factor.. 63% and 70% residuals, respectively

That's for all GL450... no separation for RWD or AWD

regards,
kyfdx

sinergy179 · October 2013

About to sign a lease on a 2014 GL 450. Details below. Is this a good deal?

Lease payment - $807/month before sales tax

10k miles / year for 36 months
76,500 MSRP
$3,500 cap reduction from down payment
$4000 other rebates

-S

rdolgoff · October 2013

Hi guys,

My current lease is running out and am getting offers on a new GL. Don't drive much so am looking at 3yr, 7500 miles. Does anyone know the MF and residual for this or 10,000 miles if 7500 isn't known.

Thanks,

2013 and earlier-Mercedes Benz GL-Class Lease Questions

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