2014 Mercedes-Benz GLK-Class Lease Questions

Karen_S · January 2014

For current leasing information, go to 2015 Mercedes-Benz GLK Class Lease Questions

Welcome to Edmunds discussion dedicated to 2014 Mercedes-Benz GLK-Class leasing questions. Here you can find and discuss all the latest lease details for the 2014 GLK-Class, including cap costs, money factors, residual values, acquisition fees, etc. Please post any leasing questions you have or any details you’d like to share about your own lease deals.

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gitto · September 2013

MSRP 52,960 offer 48.530 salesman stated the RF 58% but MF .265 because it is a diesel. I am in Va and I feel that a pmt of $848 is way too high. I would be paying back 31k over a 36 month period for 12 miles. Please give me some answers as to what the RF and MF should be on this car.
Thanks in advance

kyfdx · September 2013

2014?

Standard money factor (.00225) and residual of 58% for 36mo/15K/yr (60% for 12K/yr)

Looks like they are marking up the money factor.. probably marking up the acquisition fee, too..

You can borrow $50K for under $900/mo.... No way I would pay that much to lease it..

gitto · September 2013

thanks so much. I walked away they couldn't even explain it well. Thanks for info. I've contacted another dealership I will see what they say. being a women seems to be a problem for them.

kamkan · October 2013

Hello,

Planning to lease GLK350 msrp $56k. Please let me know what is the current RV and MF is for a 2 yr or 3 yr 10k miles lease. Thx!

kyfdx · October 2013

2014 GLK350 AWD 36mo, 10K/yr lease
.00121 MF and 59% residual

24 month residual is 70%

regards,
kyfdx

gitto · October 2013

thank you for the response. the amts that you have shown no one has given me those figures.

who sets the Rv and Mf the car that I wanted will not be in until the 2nd week of 11. I am in virginia (Richmond) and want to know when they are quoting me the right rates. I was asking 36 mos on 15mls would that change the RV and Mf?

kyfdx · October 2013

Mercedes Finance and Mercedes set the MF and residual. Dealers are allowed to mark up the money factor for extra profit, and often do. Residuals can not be adjusted by the dealer.

36mo, 15K/yr lease would have the same money factor but a 3% lower residual.

They don't have anyone in the finance office that can quote you rates and residuals for three weeks? How do they sell cars, in the meantime? That sounds like a lie.. or, a salesperson that prefers uninformed customers.

regards,
kyfdx

kamkan · October 2013

Thx for the response. Any idea what is the invoice or selling price for GLK AWD? Want to to make sure prior to walking in to the dealership.

Timelockmind · October 2013

Here's my deal -
2014 GLK (2 wheel drive), list price $46,425/sale price $41,546
24 months, 12k per year
2448 down, includes 1st payment, 2 prepaid scheduled services, acquisition fee, license)
23 remaining payments = $499.97 (includes taxes, etc.)

I feel stupid because after I signed the lease I discovered that included in this deal was $395 for "paint protection" which they told me was free and 1,350 for a "MB Maintenance Plan" (I think this refers to the $350 I negotiated for the two pre-paid schedule services. I'm going back to the dealer to get this straightened out!).

Anyway, even with those bogus charges/errors how does my deal stack up?

Lesson learned: even though I've dealt with this dealership for 20 years, you can NEVER be to careful!!!

mlevine · October 2013

Use nano wax for protecting your car rather than $395 paint protection. At 24 month lease you will only need 2 services(A and

. Both should cost no more than $800-$900. If you could get money back I would. Most important is go and enjoy your vehicle.

kamkan · October 2013

I went to a dealership today and the sales consultact mentioned that Mercedes does not publish the money factor and if I need to get an idea I can contact the banks that offers lease. Does Mercedes publish the MF?

kyfdx · October 2013

No... It's a confidential number between Mercedes Finance and the dealer. The reason it's confidential is that the dealer can mark up the money factor for extra profit (of which Mercedes Finance gets a cut)..

A 2014 GLK350 AWD has a 36 month money factor of .00121

If your sales consultant says he can't give it to you, then refer to the reason above..

regards,
kyfdx

tricks73 · October 2013

Now looking at the GLK250 BT. Peeked at the MB sheet for residuals and 30 mo leases look like current sweet-spot - 67%/12k and 65%/15k vs 60%/12k and 58%/15k for 36 mos, but does anyone know the Oct money factor? Thx!

kyfdx · October 2013

That model uses Mercedes standard money factor... I've seen anything from .00195-.00225 for that...

regards,
kyfdx

gitto · October 2013

I will be going into dealership soon car will be in 2nd or 3rd week. What is rv for Nov. for the 350 with 24 or 36 mos .? I am trying not to put out any money if I don;t have too.,

kyfdx · October 2013

November numbers aren't out yet..

lordo · November 2013

Hello All,

Could someone post the November Money factors and Residuals for a 15k and 18K lease from 24 to 36 months. Also does anyone have any info about how many Payments are being forgiven..

Thanks in Advance,
Nick

kamkan · November 2013

Any thoughts on the quote below ??? Looks like a decent deal but I think there is room for negotiation based on earlier post, would be great to get some thoughts...

MSRP $46,895
Selling price $42,175

First Payment 515.48
Acquisition Fee 795.00
Fees & Insurance 524.00
Upfront Taxes 65.10
Total Inception Fees 1,899.58

For 36 months 10k/yr monthly including fees and taxes $515.48

kyfdx · November 2013

2014 GLK 250 BTC 36mo, 15K/yr lease
Standard money factor and 58% residual... 24 month residual is 69%

regards,
kyfdx

mbguy9 · November 2013

Any info for November delivery for a 2014 GLK 350 RWD? I'm looking at a 36 month lease and would like the money factor and the residuals for 10k and 12k per year. A dealer told me that the MF will be reduced from the standard by 10 points if the monthly payment is automatically deducted from a checking account. Also, it looks like the USAA discount of of the usual $2500 has gone to zero based on the web site, but the dealer told me it is still in place.

kyfdx · November 2013

2014 GLK 350 RWD 36mo, 12K/yr lease
.00116 MF and 57% residual.. Add 1% for 10K/yr

The money factor discount for AutoPay is .0001, I think... So, the rate would be .00106 MF, assuming they offer the discount from a special money factor (not the standard one)

regards,
kyfdx

mbguy9 · November 2013

Thanks for the quick reply! The dealer said the auto pay 10 point discount would be deducted from the standard, which he verified as .00116. Is that possible, or is .00116 the bottom, per MBUSA?

kyfdx · November 2013

Well.... 10 points, as in .00010....

So, deducted from .00116, you get .00106..

It's a savings, but just about $7-$8/month..

gavin2000 · November 2013

Looking at GLK350AWD

What would the November money factors/residuals be for

24 or 36 month lease, 7500/year miles, with autopay?

Thanks!!

kyfdx · November 2013

2014 GLK350 AWD 36mo, 7.5K/yr lease
.00121 MF and 60% residual... 24 month residual is 71%

Deduct .0001 from MF for AutoPay..

regards,
kyfdx

gitto · November 2013

In determining the RV is this 59% based on MFSRP or is it based on my negotiated price?

kyfdx · November 2013

Residuals are always a percentage of the full MSRP.

regards,
kyfdx

hungrytrashbox · January 2014

Hello! Can anyone tell me the money factor and residual for 10k miles (30-36 month lease) on a GLK350 RWD for January 2014? Also - does mercedes accept multiple security deposits and if so, how many and how much does each one lower the money factor? Appreciate the help!

Henry

kyfdx · January 2014

@hungrytrashbox said:
Hello! Can anyone tell me the money factor and residual for 10k miles (30-36 month lease) on a GLK350 RWD for January 2014? Also - does mercedes accept multiple security deposits and if so, how many and how much does each one lower the money factor? Appreciate the help!

Henry

36mo, 10K/yr lease

.00149 MF and 58% residual.

I don't have the answer on your MSD question.

exaudiowner · February 2014

Getting offered these deals. Black GLK350 Premium 1, with 19" wheels, Becker Prewire, Becker MAP, Wheel Locks, roof spoiler, painted side skirts, heated front seats and walnut wood trim. Drive off includes first months payment + DMV fees. Opinions?

MSRP 43995
PRICE 37942
MF .00149

Residuals:
69% - 24mo 10k
58% - 36 month 10k
57% 36 month 12k

24 month lease, 10k miles
Drive off $874.65
Monthly $469 plus tax
Total payment is $511.90

24 month lease, 12k miles
Drive off $893
Monthly $488 plus tax
Total payment is $531

36 MONTH LEASE, 10K MILES
DRIVE OFF $880
MONTHLY $474 PLUS TAX
TOTAL PAYMENT IS $517

36 MONTH LEASE, 12K MILES
DRIVE OFF $893
MONTHLY $486 PLUS TAX
TOTAL IS $530

exaudiowner · February 2014

Buehler, Anyone?

neoskizzle · February 2014

What sort of MF can someone with a low 700's credit score reasonably expect?

kyfdx · February 2014

@neoskizzle said:
What sort of MF can someone with a low 700's credit score reasonably expect?

Low 700s should get you the rates quoted here...

gorilla55 · March 2014

GLK 2014 AWD - 36mo, 15k/yr - it looks like there may be a new lease program out from MB... Trying to find current MF and RV. Thanks!

kyfdx · March 2014

@gorilla55 said:
GLK 2014 AWD - 36mo, 15k/yr - it looks like there may be a new lease program out from MB... Trying to find current MF and RV. Thanks!

.00113 MF and 55% residual

gorilla55 · March 2014

KYFDX - thank you... Is the .00113 and 55% the standard for the GLK or is this part of advertised program scheduled to end March 31?

kyfdx · March 2014

@gorilla55 said:
KYFDX - thank you... Is the .00113 and 55% the standard for the GLK or is this part of advertised program scheduled to end March 31?

Those are the subsidized lease numbers for this month.

jwb3rx · April 2014

Would you have the April lease rates for the GLK350 4matic 27mo and 36mo at 12k miles? Thanks for your help!

Michaell · April 2014

@jwb3rx said:
Would you have the April lease rates for the GLK350 4matic 27mo and 36mo at 12k miles? Thanks for your help!

.00133

68% for 27 months; 57% for 36 months

jwb3rx · April 2014

Thanks Michael for the quick reply!

speedcpu · May 2014

Any may rates for Tier1, GLK350 4Matic, 27mo, 10k miles/yr. Thanks!

Michaell · May 2014

@speedcpu said:
Any may rates for Tier1, GLK350 4Matic, 27mo, 10k miles/yr. Thanks!

.00103 and 69%

speedcpu · May 2014

Thanks. Follow up.. Does MB restrict certain programs/rates by location. I am in New York City and have already been told there is no 27 mo program by a dealer. Is that possible? He quoted me .00133 at 63% for 30mo, 10k/yr. ?? Is that even correct? Thanks.

Michaell · May 2014

@speedcpu said:
Thanks. Follow up.. Does MB restrict certain programs/rates by location. I am in New York City and have already been told there is no 27 mo program by a dealer. Is that possible? He quoted me .00133 at 63% for 30mo, 10k/yr. ?? Is that even correct? Thanks.

The MB programs are national.

The featured program this month for the GLK350 4Motion is 36 months/10K miles per year. 58% residual and .00103 MF.

63% residual is correct for 30 month leases. It looks like the dealer is marking up the MF for extra profit.

Might be time to check with a different dealer.

speedcpu · May 2014

Yeah, I think so too. What about the 27mo program, is that an actual available program I can expect from other dealers? Thanks again!

kyfdx · May 2014

@speedcpu said:
Yeah, I think so too. What about the 27mo program, is that an actual available program I can expect from other dealers? Thanks again!

Mercedes uses the 27 month term as a "special" on certain models. When they do, they usually use the 24 month residual for the 27 month term. This month, the GLK is not one of the models with a 27 month special.

So, while technically, they can quote a lease for any number of months that you wish, the 27 month term would not be a good choice, for this model, this month.

speedcpu · May 2014

Great info! Very much appreciated!

Michaell · May 2014

@speedcpu said:
Yeah, I think so too. What about the 27mo program, is that an actual available program I can expect from other dealers? Thanks again!

MB does have a program where some models are eligible for a 27 month program using 24 month residuals, but the GLK is not part of it.

speedcpu · May 2014

Gotcha, again, thanks! That dealer indeed changed their tune to match your numbers... 24mo., 10k, .00103 and 69%. Those are fine with me. Will let you know if I make a deal and what it was. Thanks!

chicagogg · May 2014

I have been pricing out MB350GLK 2014 4Matic vehicles and getting leases in the $700 range with taxes on a car selling for $43K. Seems like a rip off. What would good #'s look like for a 2014 350GLK 4Matic, black, moonroof, heated seats for 36 months.

Dealers are showing me residuals of 55% which seems like they are screwing me.

2014 Mercedes-Benz GLK-Class Lease Questions

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