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2013 and earlier-Mercedes Benz GL-Class Lease Questions
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Comments
KJM
What state are you in?
Is tax included in your payment? What is the MF? Did you use usaa?
Car_man
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Thanks
Do you have Sept MF and residuals yet for 2012 GL450 15K and 18K/year, 24mo and 36 mo? Or maybe any special programs (e.g., 27 mo.)? Market is greater Washington, DC - Maryland/Virginia.
Thanks!
Thx
The numbers for an otherwise identical 36 month lease are .00126 and 55%, respectively.
If this model is eligible for MB Finance's "Value Added" program then you might be able to use these programs for 27 and 39 month terms.
Car_man
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In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2011 GL 450 with 12,000 miles per year are .00126 and 55%, respectively for consumers who qualify for its top credit tier.
Car_man
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I believe that 15,000 miles per year is the highest mileage allowance that Mercedes-Benz Financial publishes residual values for. If that is indeed the case and you drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
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Do you have Sept MF and residuals yet for 2012 GL450 15K and 10K/year, 36mo and 48 mo? Or maybe any special programs (e.g., 39 or 42 mo.)? Market is Irvine,CA.
Thanks!
The numbers for an otherwise identical 48 month lease are .00195 and 50%.
As far as cash incentives go, Mercedes is currently providing dealers with $4,000 certificates that can be given to the current owners of select luxury vehicles when they purchase or lease a GL.
Car_man
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Thanks
I've leased over 20 cars MB. BMW etc and never got a huge discount...They would not discount that much for a DEMO.
Maybe I should check your dealer and let them ship the car to TX
w.r.t. your 2nd portion of the answers, does the select luxury include 2007 Lexus GX470? If you do not have the list, who might be able to answer this? MB Dealer?
Thanks,
ali9986
Depreciation fee is Net cap cost - residual * term
$63000 - $40950 = $22050 ÷ 27 =$816
that is not included interest and tax
Putting that aside, using auto lease calculator and manual calculator -my figures are no even close with some of you in here.
What am I doing wrong
I am in the process of leasing 2 cars. C250 sport and GL450
GL450 MSRP $69000 selling $61500 term 27 months 67% residual
$61000 -$46230 = $14770÷27 =$547
MF .00195 x[$61000 +$46230]=$209
tax 6.25% x61000 = $3812 ÷ 27 = $141
$547 + $209 + $141 = $897
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
thanks
The numbers for an otherwise identical 36 month lease are .00126 and 47%, respectively.
Car_man
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Looking at 2011 GL450 lease for 27mos, which I guess falls under the Value Added program given the term. Does the Sept MF of .00126 and 67% resid hold for this 27mo lease as well or are they different?
Also, how should I view the $4,000 certificate when figuring the correct prices to pay for the car? Does the Edmunds True Value price include that or not? Dealer said I qualify for turning in my Audi. Thanks!
The TMV price definitely does not include the conquest cash.
Car_man
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The numbers for the 2011 model are .00126 and 65%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks.
GL450 black/black, P1, parktronic, trailer hitch, running boards, prewire rear seat entertainment wiring, 3 zone ac, blindspot, msrp $71,965
negotiated price of $65,114- $2,000 conquest cash = $63,114 (excludes tax, license, includes destination)
lease details: 12,000 miles per year; .00131 money rate, residual for 24 month term was 70%, 36 month was 57%, 42 month was 53%, 48 month was 49%, 51 months was 47%
Are those numbers a fair deal?