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2013 and earlier-Mercedes Benz GL-Class Lease Questions

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  • aleksisaaleksisa Posts: 11
    deal in north east(MD) -
    GL450 w/Premium 1, iPod, 19'' wheels packages
    MSRP is about 64K, selling price about 10% off, monthly payment 685$ (tax is paid upfront).

    What do you think?
    Glad to hear your opinions,
    Greg
  • How much did you put down?
  • banker71banker71 Posts: 8
    I am interested in leasing a 2008 GL320 CDI. I need current MF & residuals for 33 and 36 month leases at 10,000 and 12,000 miles. Dealer gave me numbers of 59% and .00185 for 12k and 33 mos. If I am reading other's posts correctly, I can do better. I cant be sure with the 33 (not 36) months though. Any advice on 33 vs. 36 mos? I am expecting to pay invoice for this truck in DC metro area- is this reasonable?
  • lansalansa Posts: 7
    Can anyone comment on what kind of MF you've gotten on a GL lease recently?
  • ocautoseekerocautoseeker Posts: 425
    That money factor and residual they quoted you are correct for the TDI. The gasoline (450 & 550) versions have different numbers.
  • lansalansa Posts: 7
    Anybody lease a GL450 recently? Trying to get a feel for what kind of money factor and discount off MSRP people are getting.
  • banker71banker71 Posts: 8
    Can you reply and tell me which dealer gave you 10% off your GL?
  • audi42audi42 Posts: 5
    I live in Northern NJ and wanted to know if anyone had finance or leased a GL550 recently. If so could you please provide prices that you were able to get.
  • banker71banker71 Posts: 8
    Not sure this helps you but I just took delivery of a GL320CDI at 8.2% of MSRP - around $58.5k. The dealer seemed more anxious to sell me a GL450. Good luck...we love ours.
  • audi42audi42 Posts: 5
    Could you tell me which dealership?
  • banker71banker71 Posts: 8
    American Service Center and Euromotorcars were both very aggressive. I used the Edmunds service to contact all the local dealers and told them that I was completely price sensitive. I think this worked well but I wasted a lot of time dealing with all the different salespeople. I also walked out of the dealer after they gave me "their best deal." They came out to catch me before I left the lot and agreed to my price.
  • johnnyb_mjohnnyb_m Posts: 7
    Originally posted this in the "experience" forum, but it's probably better suited for this forum.

    Can someone provide the MF and the residual value % for both the GL 320 and the GL450 for 12k miles per year at 30/33/36/39 terms (whatever is best)?

    I'm looking at leasing one this week and would like to know where I should be at a payment amount. While I'm in the Chicago area, I'm in Will county and not subject to the Chicago lease tax (although I do have to pay the state of IL sales tax on the full purchase amount).

    Last question would be recent purchase experiences (dollars off MSRP). I'm eyeing a GL that's stickering at $70.9k, getting a price of a couple of k's below that.

    Thanks
    John
  • Can someone provide Mercedes' October residual and MF for 2009 GL450, 36 months, 15K miles/year in the MD/VA/DC market (if that matters). Thanks!!!
  • For those who are looking to do a lease on ANY vehicle, here is the FORMULA to do ANY lease! All you do is change my numbers to your numbers.
    , Mercedes Benz 2009 GL PK2

    Our offer is as follows: MSRP: $69080.00 MSRP: $69,080.00
    Minus Rebate: $ 4000.00 Residual: X 51%
    ---------------- ---------------
    $65,080.00 $35,230.80 Residual
    Besides Rebate, an Additional:$ 4,000.00
    ----------------
    Selling Price: $61,080.00

    ____________________________________________________________________________

    Selling Price: $61,080.00
    Minus Residual: $35,230.80
    ----------------
    $25,849.20 (This is the amount that is use for lease payments)



    Lease amount: $25,849.20 Lease Payment: $718.03
    Divide by 36 months Times (X) Interest rate 1.8% Money Factor .00075 X 2400
    --------------- ------------
    Lease Payment $718.03 Monthly $12.92 per month interest rate

    Monthly lease payment $718.03 + Interest Rate $12.92 = $ 730.95 PLUS Tax

    $730.95 X 5.6% Tax = $40.93

    $730.95 ( + ) Plus Tax $40.93 = $771.88 Total lease payment per month 36 months and 15,000 miles per year.

    As far as a Rebate Tax: $4000 X 5.6% = $ 224.00 I will pay the tax rebate up front. That way I dont have to pay Interest on a Tax Rebate to a Bank / Lender.

    As for the acquisition fee of $ 895.00 (Extra profit to the bank / dealer ) for doing this deal / paperwork), It needs to be taking out of the deal. NO CHARGE.

    I will bring the following to close this deal:

    1- First Month $771.88
    2- Tittle Fees $ 69.50
    3- CVR Fee $ 19.50
    4- Lic. Fee $ 4.00
    5- Service Fee $129.00 (This is another fee just like the acquisition fee to the dealer / profit)
    6- Rebate Tax $224.00 Up front, not included on the lease payments.

    Finally, The total amount Up-front (DOWN PAYMENT) will be $1,217.88 AT THE PENNY!!!!

    And GUESS WHAT? They will go Bananas!! Don't let a dealer rip you OFF!!!
  • Make sure to ask the Dealer for: MSRP, Money Factor (You multiply that by 2400 and that gives you the interest rate!) , If they give you the interest rate, JUST ASK HIM FOR THE MONEY FACTOR! you can figure it out by yourself, ask for the residual, Tax % of your county, and ask ALL fee's!! (Service fee is BS's, acquisition fee is BS's, Doc Fee's is BS's) They change their names for you to think that is OK and is PART of your deal. Don't get fool!!! Then go back to my previous post and put your numbers in by using the formula from my previous post! Good luck! Dealers will lie and lie to make you bealive that any other numbers are part or HAVE to be paid to the Bank?? What bank? That's what you say to them!!! :confuse: :confuse: :confuse:
  • Hello Jerrypapa,

    These formulae certainly look appealing; but I would be interested in pursuing a 51 mo lease. The numbers seem ridiculously low if I use these calculations, and the dealers, I am sure, would be happy to tell me so. Another factor are the rebates; is it not the dealer's choice to grant these to the buyer? It seems to me that the dealer can add other hidden costs and fees, residual values, etc to the car to keep the lease payment high and the lease term short. If you know of ways to negociate this with the calculations that you generously provided us, I would appreciate any information that you would be willing to share! Thanks again for the post.

    :)
  • Just got a quote from the MB dealer. 2009 GL 450- MSRP $67,475 and final selling price id $64,475. The money factor is 0.00095, no down payment for 36 month lease. Monthly payment is $972. Is this a good deal?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi lexusgirl2. The money factor that you were quoted for this truck looks great. It's right in line with Mercedes Finance's current buy rate for this model. That is a good thing.

    Now let's look at the other important number to look at when leasing...your vehicle's selling price. The 2009 GL450 has a spread of around $4,600 between its full MSRP and its dealer invoice price and no cash incentives. You are being given a $3,000 dealer discount on the truck that you are considering. That is likely around $1,600 or so over invoice, which isn't bad but there still some room there. If you are in an area that has a decent level of competition, I personally would not be surprised if you were able to beat this price by several hundred dollars.

    Car_man
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  • Thank you Car Man.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, lexusgirl2.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • My Leasing Guru,

    I am very new to leasing. I am planning on leasing a Year 2009 GL450 and the dealer is offering following Deal:

    GL450 LEASE
    ($689.00 per mo/48 mos/$6583.00* at Signing) ($0.25 per mi Charge Over 40,000 mi)
    *NOTE: Does Not Include Tax, Title & Registration Fees.

    Customer Incentive:
    1.9% Financing
    (Expires 4-30-09)

    BTB, I live in Texas, Collin County where the sales tax is 8.25%.

    Could you pl. advise if this a good deal? If not how much should I be paying?
    Thanks a bunch in advance
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gl450proud. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the model that you want and then have the dealer calculate your truck's monthly payment using Mercedes-Benz Financial's buy rate lease money factor.

    Mercedes is not currently providing any cash incentives on leases of the 2009 GL450. So just shoot for a selling price that's as close to dealer invoice as possible. You can look up the exact invoice price of the truck that you want over in the New Vehicle Pricing section of Edmunds.com.

    You can also stop by the "Mercedes Benz GL-Class Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately.

    Once you have negotiated an attractive selling price, have the dealer calculate your truck's monthly payment using its current buy rate lease money factor of .00074 and you're in business.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man

    Appreciate your thoughts on the following:

    2009 GL450 $59,200
    650 Arctic White
    104 Cashmere MB-Tex
    H04 Birds Eye Maple Wood Trim
    P01 P01 Package: Rear view camera, PARKTRONI $6,600
    R55 19" Wheels
    550 Trailer Hitch - 7,500 lbs. (Class IV) $530
    864 Rear Seat Entertainment - Multi-Source / $1,850

    SUBTOTAL $68,180
    DESTINATION & DELIVERY $875
    TOTAL $69,055

    SALE PRICE: $ 62,999.

    Lease 36 months/15,000 miles
    Money factor is .00174 (not sure if this was a typo from the dealer; he may have meant .00074)
    Residual 51% on a 36 month lease with 15,000 allowable miles/year
    MD sales tax: $ 3,785.88
    MD tags/licensing: $ 270
    MD dealer processing: $ 99

    Lease: $960/month (after taxes,tags, licensing and first month's payment)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey stockwatch. Make sure that the dealer really is charging you the 074 month factor, not 174.

    The GL that you described probably has a spread of at least $4,700 between its full MSRP and its dealer invoice price. You are being given a whopping $6,000 discount on it.

    As long as the money factor is good, this looks like a very attractive deal to me.

    Car_man
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  • Car_Man:

    Do you know of any special May promotions for leases on the GL450? I'm also interested in the current money factor and residual on a 10,000 mile/year lease with 36 months.

    Thanks for all of your help!

    John
  • collmancollman Posts: 22
    Car_Man or Anyone?
    GL-450 Silver
    P01 Package, Trailer Hitch, Rear Entertainment Sys.
    MSRP 68,325
    Sell 64,900
    36 months, 10k miles/year
    Residual 54%, Money Factor 0.00074
    Only First Payment and License on delivery
    $886 plus sales tax

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, John. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 GL450 with 10,000 miles per year are .00074 and 54%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi collman. The money factor and residual value that you were quoted are right in line with Mercedes' current program for this truck. That's a good thing, so let's move on to the other important number...the selling price.

    There is a spread of around $4,700 between the full MSRP and the dealer invoice price of the GL450 that you are interested in. You were quoted a dealer discount of $3,425 on it. That puts you at around $1,300 or so over invoice. I personally wouldn't be surprised if you were able to beat this offer by a couple hundred dollars if you are in an area that has a decent level of competition, but that's not bad.

    Car_man
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  • porcodinciporcodinci Posts: 14
    Car Man,

    If I am being quoted $1000 under invoice, do you think it's a deal I should jump on? It feels like the dealership would do whatever it takes to get this deal done, so I am wondering how low I can take it... On an MSRP of 72905, we're talking right at 67k.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi porcodinci. $1,000 under dealer invoice is an excellent selling price for an '09 GL320. If I was in the market for one, I'd gladly pull the trigger on this offer.

    Car_man
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This discussion has been closed.