2015 Mercedes-Benz GL-Class Lease Questions

Michaell

axxlrod said:

Would the numbers be different for a GL350?

Yes ... more expensive.

Standard MF .00200 - .00220 and a 48/15 residual of 47%

daddymaddy

I took 2015 GL350 in June 2015. That was a demo/loaner one with low miles on it. Close to ~3000 miles.
MSRP $78325 and selling price was $67940 With 2 Yr maintenance package+Acquisition Fee+Use Tax+Doc Fees the Gross Cap Cost $72101.79. Residual 70% on 10K/Year for 24 Months. $999/Month. They charged me 0.0022 MF and I thought i was ripped off. After seeing the blog it seems the standard MF for GL 350 is 0.0020-0.0022. Why this is so high?

The main reason i went with this offer is I traded my 2014 ML350 on 36M/30K per year which had 18 months more months of lease. They kind of washed the negative equity in it.

Was it a OK deal? I know i can't re-do anything but i would watch for next lease renewal.

Michaell

daddymaddy said:

I took 2015 GL350 in June 2015. That was a demo/loaner one with low miles on it. Close to ~3000 miles.
MSRP $78325 and selling price was $67940 With 2 Yr maintenance package+Acquisition Fee+Use Tax+Doc Fees the Gross Cap Cost $72101.79. Residual 70% on 10K/Year for 24 Months. $999/Month. They charged me 0.0022 MF and I thought i was ripped off. After seeing the blog it seems the standard MF for GL 350 is 0.0020-0.0022. Why this is so high?

The main reason i went with this offer is I traded my 2014 ML350 on 36M/30K per year which had 18 months more months of lease. They kind of washed the negative equity in it.

Was it a OK deal? I know i can't re-do anything but i would watch for next lease renewal.

Yes, .00200-.00220 is the standard MF from MBFS ... for popular models, MB sees no need to discount it.

Trading out of a lease early can be expensive, as the negative equity would be added into the new deal.

daddymaddy

Thanks Michaell. When i enquired my payoff with 2014 ML 350 it was around $47678. But the lease contract for GL350 had my trade in value as $31883. They have use a term called Hybrid Lease trade. Didn't understand how were they able to accomodate that difference and when i checked my MB account on the pay summary the dealer has paid an extra $12960 and $3600 additional payments.

danmgy11

I was hopingyyou could provide the rates for the GL350 and the GL450 for 36 months (unless there is a better 39 month rate) at both 15k and 12K miles a year.  

Also, are there any incentives and/or cash incentives for a lease?  

Michaell

danmgy11 said:

I was hopingyyou could provide the rates for the GL350 and the GL450 for 36 months (unless there is a better 39 month rate) at both 15k and 12K miles a year.  

Also, are there any incentives and/or cash incentives for a lease?  

I've created a 2016 lease discussion as there are no more 2015 GL lease numbers available:

http://forums.edmunds.com/discussion/40032/mercedes-benz/gl-class/2016-mercedes-benz-gl-class-lease-questions?new=1