2014 Mercedes-Benz GLK-Class Lease Questions

lsmb2

Could I please get the current Residual % and Money Factor for both the 2014 and 2015 year GLK350 RWD with Premium, Multimedia and AMG Styling packages in Texas? 12k miles for 36 months. Thank You.

Michaell

@lsmb2 said:
Could I please get the current Residual % and Money Factor for both the 2014 and 2015 year GLK350 RWD with Premium, Multimedia and AMG Styling packages in Texas? 12k miles for 36 months. Thank You.

2014 - .00098 and 56%

2015 - .00139 and 57%

smartin104

is this the same info. for northern NJ.. TIA

Michaell

@smartin104 said:
is this the same info. for northern NJ.. TIA

MB does not have regional numbers .. what you see quoted above is valid in NJ as well.

skushel

Are there any numbers for the 2015 MB GLK 350, MF, residual on 24/36 month, 10K/year

skushel

oops, is that the numbers in an earlier thread for 2015? .00139 and 57%?

skushel

not sure if it's the same for a 4Matic?

Michaell

@skushel said:
Are there any numbers for the 2015 MB GLK 350, MF, residual on 24/36 month, 10K/year

RWD - .00139 and 69% / 58%

4Matic - .00143 and 70% / 59%

alexkhane

Not entirely a lease question, but I hope the knowledgeable folks on the thread can help.

It seems MB is aggressively pushing the 2014 model in July and I've been getting quotes of $6000-$7000 off MSRP. I've been unable to find any information on what the exact values of the dealer incentives are, which makes it difficult to determine the true invoice value for negotiating the cap cost. Does anyone have an insight into any specifics?

kyfdx

@alexkhane said:
Not entirely a lease question, but I hope the knowledgeable folks on the thread can help.

It seems MB is aggressively pushing the 2014 model in July and I've been getting quotes of $6000-$7000 off MSRP. I've been unable to find any information on what the exact values of the dealer incentives are, which makes it difficult to determine the true invoice value for negotiating the cap cost. Does anyone have an insight into any specifics?

Mercedes dealers have a "summer event certificate" that they can use on certain models, if they choose. $2000 on the GLK. I'm guessing they have a limited number of certificates, so they use them on the models that are hardest to move.

alexkhane

Thanks for the info! It almost seems like they're applying it twice to get ~$4000 below invoice.

Could I please get the 24mo/36mo residuals & MF for 2014 GLK250 @ 7500 miles?

kyfdx

@alexkhane said:
Thanks for the info! It almost seems like they're applying it twice to get ~$4000 below invoice.

Could I please get the 24mo/36mo residuals & MF for 2014 GLK250 @ 7500 miles?

The diesel model, right?

Standard money factor and 72% residual for 24mo, 7.5K/yr. 61% residual for 36 months.

alexkhane

Is the standard MF still 0.00225? I was quoted 0.00210 as Tier 1 - not sure if the dealer is getting a discount from MBFS, or if I qualify for 0.00195 and they're just marking up 15 points.

Michaell

@alexkhane said:
Is the standard MF still 0.00225? I was quoted 0.00210 as Tier 1 - not sure if the dealer is getting a discount from MBFS, or if I qualify for 0.00195 and they're just marking up 15 points.

The standard MF from MB is .00195 to .00225. I don't know how MBFS or the dealer determine the specific MF to use in any particular deal.

laineyg

can someone help what would be an ideal lease for 2015 GLK350 4Matic with nav, for 10k at 24/36 month for NJ? seems like MB doesn't have any attractive deals or promos at this time...many thanks!

Michaell

@laineyg said:
can someone help what would be an ideal lease for 2015 GLK350 4Matic with nav, for 10k at 24/36 month for NJ? seems like MB doesn't have any attractive deals or promos at this time...many thanks!

MF is .00103, 24/10 RV is 69%, 36/10 RV is 58%.

You'd have to provide us with both an MSRP and a negotiated selling price in order to model a payment for you.

laineyg

I was given the MSRP of $48,645 for 2015 GLK350 with PO1 Premium package and heated seats. Dealer did not provided selling price outright. Any suggestions for how low I could go ideally?

olan1

GLK350 4Matic MRSP: 43.945 Sale price: 42,945. - 5000(trade-in) + fees and tax 42.291 36 mos 10k
Lease: 670.
Today they are ok with -2.273and 6050(trade-in) 39.898 so lease: 561
I am in CA Bay Area (san jose)

can someone help what would be an ideal lease price ?

And how can I use offer from official web site? Dealer didn't pay attention on it)))

Thanks

Michaell

@laineyg said:
I was given the MSRP of $48,645 for 2015 GLK350 with PO1 Premium package and heated seats. Dealer did not provided selling price outright. Any suggestions for how low I could go ideally?

Use the pricing tools at the top of the page to determine a target selling price.

Michaell

@olan1 said:
GLK350 4Matic MRSP: 43.945 Sale price: 42,945. - 5000(trade-in) + fees and tax 42.291 36 mos 10k
Lease: 670.
Today they are ok with -2.273and 6050(trade-in) 39.898 so lease: 561
I am in CA Bay Area (san jose)

can someone help what would be an ideal lease price ?

And how can I use offer from official web site? Dealer didn't pay attention on it)))

Thanks

We don't recommend using trade equity as a down payment - if the vehicle is stolen or totaled you are out the money. Instead, consider making MSDs to lower your MF. Or, have the dealer cut you a check and use that to help make your monthly payments.

laineyg

thank you!

nickw44

Hi could you help with MF/RV on:

2014 GLK350 AWD 36m/10K and 36m/12K
2015 GLK350 AWD 36m/10K and 36m/12K

Lease cash? conquest cash?

Thanks

Michaell

@nickw44 said:
Hi could you help with MF/RV on:

2014 GLK350 AWD 36m/10K and 36m/12K
2015 GLK350 AWD 36m/10K and 36m/12K

Lease cash? conquest cash?

Thanks

2014 - .00103 and 57% for 36/12. Add 1% for 10K

2015 - .00143 and 58% for 36/12. Add 1% for 10K

tnrgrl13

Hello,

Can I also get the MF and RV for a '14 and '15 glk for 12k/27 months and if you also have the same numbers for the cla 250 that would be great.

Thanks.

Michaell

@tnrgrl13 said:
Hello,

Can I also get the MF and RV for a '14 and '15 glk for 12k/27 months and if you also have the same numbers for the cla 250 that would be great.

Thanks.

Which model GLK?

Please repost your CLA questions in the C-class lease questions discussion, thanks.

alexkhane

@nickw44 said:
Lease cash? conquest cash?

There's $1,750 bonus cash on the '14 GLK right now. Some localities may be able to double this, as I got my '14 GLK250 for $4,000 below invoice two weeks ago when the bonus cash was $2,000.

tnrgrl13

@Michaell said:
Oh sorry I forgot glk350 awd.

Michaell

@tnrgrl13 said:
Hello,

Can I also get the MF and RV for a '14 and '15 glk350 AWD for 12k/27 months and if you also have the same numbers for the cla 250 that would be great.

Thanks.

No 27 month program for the GLK. Numbers quoted are for 24/12.

2014 - .00103 and 68%

2015 - .00143 and 69%

bkpdh

Hello, can someone help me with the figures (MF and RV) for a lease on a 2014 GLK350 with the multimedia package? I'm specifically looking at a 36mo;15,000/yr lease. Any help is appreciated. Today a salesperson mentioned a loaner car deal on a 2014 that would allow me to lease a car that's been used as a loaner for 3 months and has very low mileage for a "great" deal. It came out to about $512/mo so I'm wondering if that's fair or if I can go back and negotiate more...

kyfdx

bkpdh said:

Hello, can someone help me with the figures (MF and RV) for a lease on a 2014 GLK350 with the multimedia package? I'm specifically looking at a 36mo;15,000/yr lease. Any help is appreciated. Today a salesperson mentioned a loaner car deal on a 2014 that would allow me to lease a car that's been used as a loaner for 3 months and has very low mileage for a "great" deal. It came out to about $512/mo so I'm wondering if that's fair or if I can go back and negotiate more...

RWD: .00098 MF and 54% residual.

AWD: .00103 MF and 55% residual.

bkpdh

Thank you KYFDX!

jcarlough

kyfdx said:

bkpdh said:

Hello, can someone help me with the figures (MF and RV) for a lease on a 2014 GLK350 with the multimedia package? I'm specifically looking at a 36mo;15,000/yr lease. Any help is appreciated. Today a salesperson mentioned a loaner car deal on a 2014 that would allow me to lease a car that's been used as a loaner for 3 months and has very low mileage for a "great" deal. It came out to about $512/mo so I'm wondering if that's fair or if I can go back and negotiate more...

RWD: .00098 MF and 54% residual.

AWD: .00103 MF and 55% residual.

Would this be 3% higher for 10k?

Michaell

jcarlough said:

kyfdx said:

bkpdh said:

Hello, can someone help me with the figures (MF and RV) for a lease on a 2014 GLK350 with the multimedia package? I'm specifically looking at a 36mo;15,000/yr lease. Any help is appreciated. Today a salesperson mentioned a loaner car deal on a 2014 that would allow me to lease a car that's been used as a loaner for 3 months and has very low mileage for a "great" deal. It came out to about $512/mo so I'm wondering if that's fair or if I can go back and negotiate more...

RWD: .00098 MF and 54% residual.

AWD: .00103 MF and 55% residual.

Would this be 3% higher for 10k?

Yes

cribbits

Just got quoted on 2015 GLK - 36/10 - .00163 MF, MSRP $50,815, Selling Price $47,815, down payment of $2,995 for payments of $687.25. Two concerns - the MF seems much higher than August and when I tried to calculate the payments using a $795 acquisition fee, 10% sales tax and $500 in license and document fees, I'm missing about $2,000 of extra cost. Would you be able to give me some insight into the current MF and my lease calc? Thank you!

Michaell

cribbits said:

Just got quoted on 2015 GLK - 36/10 - .00163 MF, MSRP $50,815, Selling Price $47,815, down payment of $2,995 for payments of $687.25. Two concerns - the MF seems much higher than August and when I tried to calculate the payments using a $795 acquisition fee, 10% sales tax and $500 in license and document fees, I'm missing about $2,000 of extra cost. Would you be able to give me some insight into the current MF and my lease calc? Thank you!

Base MF is .00139 for RWD and .00143 for 4Matic - dealer is marking it up on you for extra profit.

36/10 residual is 58% for RWD and 59% for 4Matic.

If you tell me how many wheels are being driven, I can run the numbers for you.

cribbits

Its a 4Matic.

Michaell

cribbits said:

Its a 4Matic.

With your MSRP and selling price, along with the MF and residual I quoted, I get a pre-tax payment of $606.64/mo for 36 months.

cribbits

Michaell said:

cribbits said:

Its a 4Matic.

With your MSRP and selling price, along with the MF and residual I quoted, I get a pre-tax payment of $606.64/mo for 36 months.

Okay, so I'm not crazy - thank you! I knew they were trying to pull a fast one. Super shady dealership.

Michaell

cribbits said:

Michaell said:

cribbits said:

Its a 4Matic.

With your MSRP and selling price, along with the MF and residual I quoted, I get a pre-tax payment of $606.64/mo for 36 months.

Okay, so I'm not crazy - thank you! I knew they were trying to pull a fast one. Super shady dealership.

Glad to help. Time to reach out to a new dealership?

fishintime

what is the current residual and MF on 36 and 24 months with 10k miles per yr? I know its changing very soon, trying to take advantage of end of month deals

fishintime

fishintime said:

what is the current residual and MF on 36 and 24 months with 10k miles per yr? I know its changing very soon, trying to take advantage of end of month deals

glk350 4matic...

Michaell

fishintime said:

fishintime said:

what is the current residual and MF on 36 and 24 months with 10k miles per yr? I know its changing very soon, trying to take advantage of end of month deals

glk350 4matic...

.00103 and 67% or 58%.

Numbers expire 9/30/14.

laineyg

Hi, could you help with numbers I'm being given for a new lease? GLK350 4Matic 2015 for 24 months/10K in NJ
MSRP $48,700, Sale price $45,000, lease $599 (MF .00133), out of pocket $2,000. Is the dealer leaving something out or is this a good lease price? Thanks for any guidance!

Michaell

laineyg said:

Hi, could you help with numbers I'm being given for a new lease? GLK350 4Matic 2015 for 24 months/10K in NJ
MSRP $48,700, Sale price $45,000, lease $599 (MF .00133), out of pocket $2,000. Is the dealer leaving something out or is this a good lease price? Thanks for any guidance!

Base MF for the 4Matic is .00103, so your dealer is marking that up on you.

Is any of the $2000 out of pocket going to cap cost reduction?

Residual for 24/10 is 67%.

When I use your MSRP and selling price with the MF and residual I've quoted, I get a pre-tax payment of $595.42.

laineyg

Thank you! The dealer asked for $1000 deposit but didn't mention anything about sales tax

laineyg

The dealer is insisting that the MF is .00133 (with auto-pay) for 2015 models. Could you let me know how I would calculate the lease payment with tax? Would it be considerably higher than $595.42?

Michaell

laineyg said:

The dealer is insisting that the MF is .00133 (with auto-pay) for 2015 models. Could you let me know how I would calculate the lease payment with tax? Would it be considerably higher than $595.42?

My apologies .. I didn't see the reference to 2015 in your original post. Dealer is correct that MF for 2015 is .00133 with auto pay.

The 24/10 residual for the 2015 is 70%, so the new pre-tax payment is $559.77.

fishintime

do you know the october rates yet? Thanks

kyfdx

fishintime said:

fishintime said:

what is the current residual and MF on 36 and 24 months with 10k miles per yr? I know its changing very soon, trying to take advantage of end of month deals

glk350 4matic...

.00103 MF and 58%/67% residual.

fishintime

so with autopay and 10k miles its .00093 and 70%?

Thanks