2015 Mercedes-Benz GLK-Class Lease Questions

kyfdx

ortega said:

When available, could you post the March MF and residual for 2015 GLK350 4MATIC, 15K/36 mos? Thanks in advance. I'm in NJ. Also, could you confirm the MB Financial bank fee? Is there any scenario where that can be waived? Coming out of a Volvo lease through US Bank...

.00113 MF and 56% residual.

The base acquisition fee is $795, with dealers permitted to mark-up by $300 maximum.

No waivers.

smualum2011

Please confirm the MF and residual for the GLK350 4MATIC at 12K/36 please. Thanks! I'm in Texas.

kyfdx

smualum2011 said:

Please confirm the MF and residual for the GLK350 4MATIC at 12K/36 please. Thanks! I'm in Texas.

.00113 MF and 58% residual.

hi_iq

Hello,

Can you please verify the below deal?

MSRP - 48990
- Aqusition Fee - 895
- Doc Fee - 300

Cap Cost 44510

Up front 2,138.99

MF .00143 RV 58%

Payment 587.91

Michaell

hi_iq said:

Hello,

Can you please verify the below deal?

MSRP - 48990
- Aqusition Fee - 895
- Doc Fee - 300

Cap Cost 44510

Up front 2,138.99

MF .00143 RV 58%

Payment 587.91

What lease term? How many miles? What is the break down of the $2100 up front cash? What model is this for?

meh3485

Hi,
What is the residual and money factor on the 2014 glk350? I found a dealership that will lease an ex-loaner vehicle.

kyfdx

meh3485 said:

Hi,
What is the residual and money factor on the 2014 glk350? I found a dealership that will lease an ex-loaner vehicle.

RWD: .00098 MF and 48% residual for 36mo, 15K/yr
AWD: .00103 MF and 49% residual for 36mo, 15K/yr

colt250

Hi Would you please give me the MF and RV on the GLK250 diesel for March? 36/12 Thank you!

Michaell

colt250 said:

Hi Would you please give me the MF and RV on the GLK250 diesel for March? 36/12 Thank you!

Standard MF (.00180-.00220) and 60%

lightagent

Trying to lease 2015 GLK350 4Matic
MSRP 42,375
Sales price: $35,805
36 mo lease/15K per year/including vehicle maintenance for 4 years or 40,000 miles
$4,500 at signing
$398 monthly payment plus tax (Total $429.99 per month)

Does it sound like a fair deal? How to calculate residual after 36 months?

houstontx8250

Hi looking for MF and residual for '15 GLK350 (2 wheel drive) for 36/10K (in Texas). Thanks much in advance!!

johnnyjuice

Hi there,

Whats the current MF and residual on a '15 GLK350 2WD for 36/7.5k?

Thanks so much!

Michaell

lightagent said:

Trying to lease 2015 GLK350 4Matic
MSRP 42,375
Sales price: $35,805
36 mo lease/15K per year/including vehicle maintenance for 4 years or 40,000 miles
$4,500 at signing
$398 monthly payment plus tax (Total $429.99 per month)

Does it sound like a fair deal? How to calculate residual after 36 months?

What is the breakdown of the $4500 due at signing? We don't recommend making any sort of down payment on a lease - if the car is stolen or totaled, you lose that money.

36/15 lease numbers are .00113 and 56%

Michaell

houstontx8250 said:

Hi looking for MF and residual for '15 GLK350 (2 wheel drive) for 36/10K (in Texas). Thanks much in advance!!

.00107 and 58%

Michaell

johnnyjuice said:

Hi there,

Whats the current MF and residual on a '15 GLK350 2WD for 36/7.5k?

Thanks so much!

.00107 and 59%

lightagent

Thank you very much for your advice. I am asking for the breakdown of $4,500, but they are telling me I am getting not a good deal, I am getting an excellent deal. Does not sound like a good deal from what you are saying. What would be a good lease price on this vehicle? I do not know how to calculate based on MF and RV. Is there a calculator somewhere? Please help.

Michaell

lightagent said:

Thank you very much for your advice. I am asking for the breakdown of $4,500, but they are telling me I am getting not a good deal, I am getting an excellent deal. Does not sound like a good deal from what you are saying. What would be a good lease price on this vehicle? I do not know how to calculate based on MF and RV. Is there a calculator somewhere? Please help.

Lots of lease calculators on the web; I built my own in a spreadsheet.

colt250

Thank you for the information on the GLK250. Would you please give me the RV/MF on 36/10K too on the GLK250. Also what is the average percentage off MSRP for MB? I am trying to get a decent negotiated price on $50010 GLK250 and I know that I can do a lot better than TMV.

kyfdx

colt250 said:

Thank you for the information on the GLK250. Would you please give me the RV/MF on 36/10K too on the GLK250. Also what is the average percentage off MSRP for MB? I am trying to get a decent negotiated price on $50010 GLK250 and I know that I can do a lot better than TMV.

Standard money factor and 61% residual for the diesel.

medacus

Hi,

Could you please give me the current MF and RV for a 2015 GLK350 AWD with premium package for 27 months at 12k a year?

Thanks

Michaell

medacus said:

Hi,

Could you please give me the current MF and RV for a 2015 GLK350 AWD with premium package for 27 months at 12k a year?

Thanks

.00113 MF

No 27 month program exists .. 24/12 residual is 69%

medacus

Thank you so much

klaust

Michaell said:

medacus said:

Hi,

Could you please give me the current MF and RV for a 2015 GLK350 AWD with premium package for 27 months at 12k a year?

Thanks

.00113 MF

No 27 month program exists .. 24/12 residual is 69%

Hi,
Was just quoted 69% for 24M/10k with a MF of 0.000759 for a 2015 GLK350.
Did my dealer mess up the quote?
This is in CA.
Thanks!

kyfdx

klaust said:

Michaell said:

medacus said:

Hi,

Could you please give me the current MF and RV for a 2015 GLK350 AWD with premium package for 27 months at 12k a year?

Thanks

.00113 MF

No 27 month program exists .. 24/12 residual is 69%

Hi,
Was just quoted 69% for 24M/10k with a MF of 0.000759 for a 2015 GLK350.
Did my dealer mess up the quote?
This is in CA.
Thanks!

If the GLK is RWD, then the residual is correct. Residuals for RWD are 1% lower than AWD

.00107 is the base MF for the 2015 GLK350 RWD. I've never seen a money factor go out to six digits past the decimal point, so I'd say that is a typo.

sheddah

Offering this service to potential GLK lessees is wonderful!

Can you tell me the $ Factor & Residual for a 36 month 12k mile lease--2015 AWD GLK with premium pkg, Multimedia pkg, lane tracking pkg, heated seats and keyless go? My credit score is in the top tier.

Thanks so much!

kyfdx

sheddah said:

Offering this service to potential GLK lessees is wonderful!

Can you tell me the $ Factor & Residual for a 36 month 12k mile lease--2015 AWD GLK with premium pkg, Multimedia pkg, lane tracking pkg, heated seats and keyless go? My credit score is in the top tier.

Thanks so much!

.00113 MF and 58% residual

sheddah

Thank you!

Is it I'll advised to put $1000-$1500 down to lower the payments? I know in case of a totaled accident I will not recover that, but isn't that somewhat rare? How big is the risk actually?

Michaell

sheddah said:

Thank you!

Is it I'll advised to put $1000-$1500 down to lower the payments? I know in case of a totaled accident I will not recover that, but isn't that somewhat rare? How big is the risk actually?

Only you can assess the risk. We recommend against it.

Every $1000 lowers your payment on a 36 month lease by $28/mo.

sheddah

Yes, I understand. Really not worth the $28 monthly payout.

sheddah

I'm at the dealership now. The information you provided has armed me with the knowledge and confidence to make the deal I want. Just had to share!

sheddah

The F&I manager insisted that the $ factor was 0.00113 and residual 56% on an AWD GLK with 12k miles. Did he pull a fast one on me?

sheddah

I have one more question. (Sorry this is my first lease.). Should I pay the taxes, TTL and fees up front or roll them into the payments. I was told the only thing I HAVE to pay is the first month.

kyfdx

sheddah said:

The F&I manager insisted that the $ factor was 0.00113 and residual 56% on an AWD GLK with 12k miles. Did he pull a fast one on me?

The money factor is correct, but they are wrong on the residual. 56% is the 15K/yr residual.

kyfdx

sheddah said:

I have one more question. (Sorry this is my first lease.). Should I pay the taxes, TTL and fees up front or roll them into the payments. I was told the only thing I HAVE to pay is the first month.

How sales tax is handled depends on the state.. For some states, it's better to pay non-taxable fees upfront, to avoid them being taxed in the payment. Otherwise, I like to roll everything in.

sheddah

I thought he had cheated me on the residual, because at first when I insisted on knowing the sales lady related .00178 MF and 58% Residual on a 12k lease. But I insisted upon the .00113 and told them to run my credit, that I was top tier and deserved it. So then when she went back in. The F&I manager agreed to the lower MF, but then he juggled the numbers because the payment was still too high. I knew that because I had done all my calculations before going and had my paperwork with me. So I told the sales lady that I wanted to speak with the F&I manager. When I got into his office I told him something was off in the calculations because the payment was too high, and explained my calculations to him from my paperwork. When I mentioned the 58% residual he said "No it's 56%." I told him that they had told me it was 58% when I specifically asked. He then said the residual is set by Mercedes-Benz and pulled out his printed pages with the lease terms. He flipped to the page on the GLK and read it off "36 months GLK 4MATIC 56%. When I asked to see it he showed me 1/2 of the page with that info on it and hid the other 1/2 page under the turned back pages. I asked him why he was covering part of the page, was there something he didn't want me to see? He responded "this is not for customers" and showed me the front where it said something about internal use--then insisted that the correct residual is 56%. Of course at this point the sales lady chimed in that she must have gotten it wrong. The higher payment then made sense to me and I agreed. Looking back now I see how the high pressure situation caused me not to press the issue, when I should have told him that I had inside information on the rate and if he didn't give me 58% I was leaving.

What benefit do they get by lowering the residual? They MUST make more money by doing so! But how?

Michaell

sheddah said:

I thought he had cheated me on the residual, because at first when I insisted on knowing the sales lady related .00178 MF and 58% Residual on a 12k lease. But I insisted upon the .00113 and told them to run my credit, that I was top tier and deserved it. So then when she went back in. The F&I manager agreed to the lower MF, but then he juggled the numbers because the payment was still too high. I knew that because I had done all my calculations before going and had my paperwork with me. So I told the sales lady that I wanted to speak with the F&I manager. When I got into his office I told him something was off in the calculations because the payment was too high, and explained my calculations to him from my paperwork. When I mentioned the 58% residual he said "No it's 56%." I told him that they had told me it was 58% when I specifically asked. He then said the residual is set by Mercedes-Benz and pulled out his printed pages with the lease terms. He flipped to the page on the GLK and read it off "36 months GLK 4MATIC 56%. When I asked to see it he showed me 1/2 of the page with that info on it and hid the other 1/2 page under the turned back pages. I asked him why he was covering part of the page, was there something he didn't want me to see? He responded "this is not for customers" and showed me the front where it said something about internal use--then insisted that the correct residual is 56%. Of course at this point the sales lady chimed in that she must have gotten it wrong. The higher payment then made sense to me and I agreed. Looking back now I see how the high pressure situation caused me not to press the issue, when I should have told him that I had inside information on the rate and if he didn't give me 58% I was leaving.

What benefit do they get by lowering the residual? They MUST make more money by doing so! But how?

The dealer is not allowed to modify the residual. At all. It is set by the bank. Not sure why they were playing games with you on that.

I just looked again. 56% is for 36 months, 15,000 miles per year. 58% for 12,000 miles. Period.

sheddah

:@ I'm so angry! I don't understand why they are yanking my chain like that. The car won't arrive until early June. It has been allocated to said dealer and is scheduled to be built early May. I did sign (agree to) the quoted price, but the leasing terms were tentative. (He said each month terms are specified by M-Benz.). I certainly will not lease from them on any "fudged" terms! At least I have 47 days or so to figure out financing. How could/should I approach them regarding quoting/contracting the correct residual (closer to delivery)? And if you don't mind, may ask you rates again in early June.

Edit: I just realized what probably happened. Although he quoted me .00113 MF, I think he raised the money factor and then when confronted he threw 56% residual at me as a diversion and explanation for the higher payment.

Michaell

sheddah said:

:@ I'm so angry! I don't understand why they are yanking my chain like that. The car won't arrive until early June. It has been allocated to said dealer and is scheduled to be built early May. I did sign (agree to) the quoted price, but the leasing terms were tentative. (He said each month terms are specified by M-Benz.). I certainly will not lease from them on any "fudged" terms! At least I have 47 days or so to figure out financing. How could/should I approach them regarding quoting/contracting the correct residual (closer to delivery)? And if you don't mind, I may ask you rates again in early June.

If you haven't taken delivery or given them a deposit you may be able to unwind the deal and start over with a different dealer. 

sheddah

I did leave a deposit. I didn't know he lied to me until today when you responded.

Michaell

sheddah said:

I did leave a deposit. I didn't know he lied to me until today when you responded.

Do you know if the deposit is refundable?

sheddah

It was not stated or written either way. My understanding is that good faith deposits are not refundable, but I don't know with certainty.

kyfdx

sheddah said:

It was not stated or written either way. My understanding is that good faith deposits are not refundable, but I don't know with certainty.

Just call them up... ask them to verify the residual for 36mo, 12K/yr.

Then, tell them if they insist on the wrong residual, the deal is off.

sheddah

Good advice. Thanks!

sheddah

Do you mind me asking how you obtain this inside information? Do you work for M-B or a dealership?

Michaell

sheddah said:

Do you mind me asking how you obtain this inside information? Do you work for M-B or a dealership?

Nope, we're just lucky. And, we rely upon the power of Google.

sheddah

If the lease car is totaled or stolen, does the Gap Waiver Insurance cover the entire payment--taxes, fees etc--or just the depreciation? Also if all fees are rolled into the payment, is tax paid on non-taxable fees such as the title tags & Regis and the acquisition fee? (I live on VA where tax in the entire ageed price must be paid.)

kyfdx

sheddah said:

If the lease car is totaled or stolen, does the Gap Waiver Insurance cover the entire payment--taxes, fees etc--or just the depreciation? Also if all fees are rolled into the payment, is tax paid on non-taxable fees such as the title tags & Regis and the acquisition fee? (I live on VA where tax in the entire ageed price must be paid.)

GAP covers any shortfall between the insurance value of the car and the payoff on the lease. Period.

So... roll everything into the lease payment..

sheddah

Got it. Thanks!

sheddah

Have decided to go with GLK250 w/ premium & multimedia pkgs, heated seats & steering wheel & blind spot monitoring pkg @ 24 month/12k miles Can you tell me the MF and residual? Thanks!

Michaell

sheddah said:

Have decided to go with GLK250 w/ premium & multimedia pkgs, heated seats & steering wheel & blind spot monitoring pkg @ 24 month/12k miles Can you tell me the MF and residual? Thanks!

This is the BlueTec, right?

Standard MF (.00180-.00210) and 69% for 24/12.