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2013 and earlier-Mercedes Benz GL-Class Lease Questions
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Looking to move into a 2010 GL450 with a P2 package, running boards & Parktronic.
The numbers are:
MSRP: 71,225
Invoice: 67,702
Lease based on 66,272
MB is absorbing 6 least payments on my E350 of 595 or 3600.
I pay taxes upfront and additional money down of 8300.
Monthly payment of 799.
Lease Term is 36 months - 12K a year.
Wondering if this makes sense to you. I like the numbers based on my previous review at two other dealers in the tristate area.
Your thoughts?
S
The dealers have about 12.25%-12.5% in a Mercedes, before any lease cash, so the amount below invoice doesn't matter, it the discount in percentage from the MSRP that matters.
Assuming you are getting buy rates, you should be able to get the car for $8K total driveoff and $750 or a little more including tax with 36/12K.
Any thoughts would be greatly apprecaited. ps: how reliable are these cars?? :confuse:
Compare it to the national ad on MBUSA.com with $6500 driveoff and $719+tax for a car that is $2000 cheaper and for 10K miles per year. The GL450 has a good residual, and even with $2000 difference in sticker, you should end up paying no more than $30 or so more per month with the same down for 36 or 39 months.
November rates for the GL450 is slightly better than October (residual is the same and MF for 36+ months is .00124)
If you want a good deal, got to a large dealership like South Bay in SoCal (ask for Sung) that has a large inventory and doesn't need to milk every deal (Don't waste time on FJ )
Bottom line: Aim for $6500 driveoff with $700+ tax for this car and see what happens - I think its easily doable. Good luck.
The GL is pretty reliable. All MBZ cars, like all luxury cars, have their issues, and unless you got a lemon, you should not expect too many problems.
Look at the big picture: Its a great car, fun, roomy, comfortable. It doesn't get any better.
I will hold out for around $739 (including 6.25% tax) and see where it gets me. We used to live in the south bay, but now live in Boston, a little too far, don't you think Dealer here seems motivated, so I will keep you posted
thanks for the feedback!
enjoy the sun!!
2010 GL450
Artic white/ blk interior
P1 package, running boards, dvd install in headrests,
Deal is $6800 out the door, 36month/12 year
$749/mo lease.
This is around 700 plus tax like another person mentioned. I am in no rush for the car and am wondering if I might be able to get a lower payment towards year end -
any thoughts??
thanks!! :confuse:
What would be a good monthly number - is it possible to get better terms than what's being offered through their sales event?
MSRP 70225
6200 drive off (includes first payment)
840/mo including tax (7% tax)
3 yrs 36k
I do think the most you'd still be able to squeeze out of the dealer another $50-$60 per month (excl. tax) but even if you don't get that much you're still in good shape
As far as how good a deal this offer is, as I mentioned earlier it is obviously a lot better than what the dealer was initially offering you. I would be happy to give you a more detailed evaluation of your deal if you provide me with this truck's MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult for me to telll how large a dealer discount you are being given, and in turn if there is any meat left on the bone so to speak so close to Thanksgiving .
Car_man
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As for the $6800 down, if something happened to the truck, wouldn't my insurance cover that? We want a low lease number per month b/c we already just bought a MB350 with no $ down and that payment is $900/month!
Also, do you know anything about the 2007,2008 GL's catching fire? I read a few things online and am not too keen on the Truck burning my house down - dealer knows nothing about it - Have they fixed this problem for the 2010??
My current lease (MDX) is good til Oct 2010 but I can turn it in anytime - I am in no rush, just need a good deal. Was originally going to buy the Sequoia but their lease is $850 month! yikes!
Thanks for all your help! Happy Turkey Day!!
What Money Factor should I look for ? Is .00124 the magic number?
What Residual should I expect ? 55% ?
What type of discount should I look for from MSRP? I heard that the dealers have roughly 12% to play with ?
Have you heard positives or negatives on the web guys like Vehix or Fleetrate?
Thanks for your help !
There seems to be a low supply of the new 2010 MB GL 350 Bluetec's around my area. They are hard to find!
We are looking to lease one for 36 months. After calling four dealers, we finally found one. Here's what they are offering:
MSRP $71,465
(includes lots of extras I don't need.... P02, Lighting Package; 3 zone climate control; Infrared glass; Running Boards; Pre-wiring for Rear Seat Ent; Walnut wood trim
$2800 down (includes 1st month)
36 months, 12K/yr
$1240 per month plus tax
Any thoughts? Would love your input.
Seems a bit high to me....
I'm not personally intimately familiar with what the market is like for the GL right now, but if I was in the market for one I would look up its dealer invoice price here at Edmunds.com (New Vehicle Pricing) and shoot for $1,000 over or better.
I'm not familiar with Vehix or Fleetrate. Are they brokers? I'm not a big fam of brokers. I find that intelligent consumers are usually able to do just as well as or even beat brokers' deals by doing things on their own.
Car_man
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P1 package, running boards, prewiring for DVD (we are having after market DVD put into headrests on MB dime and they are residualizing it!), irridium silver, blk interior
6500k down out the door (incld tax, etc), 36 month/12k miles, $739/mo
(incld 3 years service - they will pick up my car (1 hr from dealer) and bring me a loaner!)
We think we did pretty good -
Any thoughts out there??
I just need a new car at this point - the MDX I am driving dies weekly!!
Thanks!
The msrp was $67,315, cash cap reduction was $4,206.51 and selling price was $62,100. We put $6500 down but probably could have gotten that a little lower. Ended up at $739/month (incld tax), 36 month lease at 12k miles. I think we got a pretty good deal.
Originally they started their price at $829/month without the extras I wanted (paint color, running boards). As it turns out, the car they got for me had the parktronic (which i didn't really want) and NOT the running boards (which i need for the kids). So they ended up eating the cost of running boards and I got the parktronic too!
Not sure where you live, but we bought this and (my hubby's Mercedes R350 last year) at Chambers Motorcars in Somerville, MA - They have the best deals as I priced out ALL the dealers near here (and in NH too!). They bent over backwards to get our business - even said they will drive out here (1 hr from their showroom),take my car and bring me a loaner if my car ever needs service. Not bad!
All in all, very happy, car drives like a dream and hauls "you know what" on the road! Hope I answered all your questions! Good luck!!
ps: Car is a dream to own - we are loving it!!!
gl450 obsidian black, P1, appearance package, trailer hitch, prewiring for rear seat entertainment. MSRP $68605. cap cost: 64,995. 12K miles/year, 4.99 money factor, 58% residual. 5132 down (includes 1st payment, sales tax upfront). after tax payment $944.51/month
Can't I do better on this? I'm also trading in a 2006 750li with 51K miles on it and they are giving me $28.500 for it.
We are considering leasing a 2010 GL450 for my wife as her current lease is maturing. Can you tell me what the current money factor and residual are on the 2010 GL450 on a 36-month, 12k miles/year lease? If we scaled the mileage back to 10K miles per year, how much more would the residual be adjusted? My wife doesn't put a lot of miles on her car.
Thanks in advance for your help!
We have an proposal on a loaded GL450. MSRP is $79,795. We plan to put $5000 down. We are in Virginia, so sales tax is 5%. For 36 month, 12,000 miles/year lease, dealer has offered monthly lease rate at $1175. Can you advise if this is reasonable?
If you have them, could you provide the money factor and residual?
We also looked at GL550 but they made it sound like the lease deals for those were much less attractive. Is that true or were they likely just trying to get us into a vehicle that was better for them?
What is the money factor and the residual for 15k, 20k/year on 36 months lease for Feb.?
I was told you have to pay tax for the entire selling price upfront in Illinois. Is this true?
I am considering getting a GL450 P02 with running board, parktronic, etc. MSRP around $72K. The dealer told me to wait till the end of March for better deals on incentives. Should I?! Also, I am wondering what should I be paying for it for lease or purchase?! I am thinking no $ down, 36 month lease for 15or 18K per year.
I am in a rental car now. Would really appreciate if you can give me any pointers on it. btw, I live in southern California.
Thank you.
I have to ask, is the cap cost that you mentioned this truck's selling price or did you make some sort of capitalized cost reduction to get it to that level. It makes a difference.
I see that you are considering paying a lot of money at lease signing. I always advise consumers to put as little money down as possible when leasing. Those who pay big bucks at signing risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
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If you were to lease with only 10,000 miles per year, this truck's residual value would be 1% higher.
Car_man
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As far as whether this is a good deal goes, it would be much easier for me to tell if you were able to provide me with this truck's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a dealer discount you are being given, and in turn if there is any meat left on the bone so to speak.
Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GL450 with 12,000 miles per year are .00209 and 58%, respectively.
Car_man
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I believe that 15,000 miles per year is the highest mileage allowance that MB Financial publishes residual values for. If so, you will have to purchase additional miles on a per-mile basis for a lease with 20,000 miles per year. It is usually less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
I know that Illinois has some terrible sales tax laws for people who want to lease, but I don't recall the specifics. You may be able to find out more information on this subject by visiting one of the following sites: Illinois Department of Revenue or CyberDrive Illinois.
Car_man
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I would be happy to use MB's current lease program to work up a sample payment on the truck that you are interested in for you if you provide me with an approximate selling price (or the dealer invoice price if you don't have a selling price). You can look that number up over in the New Vehicle Pricing section of Edmunds.com.
Car_man
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According to my calculations, if you were to lease a 2010 Mercedes-Benz GL450 that has an MSRP of $68,500 and a selling price of $64,000 through Mercedes-Benz Financial right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $927.
Car_man
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Need to lease GL with P1 package. What will be monthly payment with zero down? MB website says $749 with $5000 down. Your estimate is almost $950 for zero down.
Let me know and I'll crunch some numbers for you.
Car_man
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Also, is the Edmunds TMW the same type of calculation as the Consumer Reports Bottom line pricing? Thanks.
Could you also give me the residual and current money factor for the 2010 GL 450 for 10k per year and 12k per year?
2010 GL 450 36 month lease buy rate money factor is .00209, 12k mile residual is 58%, 10k mile residual is 59%.
2010 GL 350 Bluetech 36 month lease buy rate money factor is .00280, 12k mile residual is 55%, 10k mile residual is 56%.
The residual value for a lease with only 10,000 miles per year would be 1% higher.
Car_man
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Dealer is asking for a refundable deposit of $2,000 before he can show us the invoice on a car he may ship from upstate. I can understand if he wants an invoice for us to order a car, but do I really need to give him a deposit to just to know what the invoice is on the car?
We've also heard if we're not planning on owning the car for more than five years, it's more advantageous to lease. We're not interested in owning the car beyond it's warranty.
Can anyone tell me why the residual is lower on the BlueTec than the GL450, if the BlueTec is harder to get and in more demand?
We'll most likely be using the USAA Car Buying Service if it gives us the best price.
Thanks in advance for your feedback.
Thanks
Does anyone know what kind of financing MBF is offering? They won't tell me until they run my credit. It's fine, but I kind of resent the approach. Also, would that be in addition to the $1,800 or instead?
MBF suggested that a low rate might be available if my dealer will certify the car. I didn't know that was possible if I buy off the lease. Any insights on what that entails?
Thanks.
$0 down.
$7200 security deposit. (to lower Money Factor to 0.00175 from 0.00209)
$839 per month (including $1946 tax, $299 dealer fee , $118 tags, acquisistion fee $795)
Residual is 59%, 10000 miles a year.
How is the deal?
Also, does anyone know if I can talk to the dealer to change to 39 month instead of 36 months?
Got P1+ running board + wood wheel + parcktronic.
It is a MB dealer in DC area, not sure if it is allowed to post the dealer info here, you can PM me.
Given the fact that Mercedes is not running a knock your socks off lease special on the GL450 right now, there isn't much difference between leasing one through Mercedes-Benz Finance and financing one through it at 3.9% for five years. Both options are reasonably attractive.
Not only are the BlieTec's residual values around 3% lower than the GL450's but Mercedes' is not providing any lease support on the diesel either. The 450 is the better deal right now. I wouldn't say that the BlueTec is in greater demand than the 450, just that Mercedes makes fewer of them than the 450 so they seem harder to get.
Car_man
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