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2013 and earlier-Mercedes Benz GL-Class Lease Questions
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Comments
You may want to consider Multiple Security Deposits (MSD) as well as autopay to reduce the MF. I know that MB offers MSD as I utilized it when leasing a 2011 E350 Bluetech. Specifically, by giving MB Financial 10 security deposits, you reduce your MF by 0.0007. Autopay reduces MF by 0.0001. Therefore, utilizing both MSD and autopay, your MF would become 0.00051, saving you ~2% in interest charges. Its a great deal as the deposits are returned to you at the end of the lease term.
Cheers!
GL450 was equipped with P1, blind spot assist, running boards and class IV trailer hitch.
No cap cost reduction payment, $2,108.22 paid at drive off (consisting of first months lease payment, $45 doc fee, $795 lease acquisition fee, $566 CA state registration fee). 12k miles/year lease, 48 month lease term. Lease rate of 0.00121. Residual value of 49% of MSRP.
Monthly lease payment (inclusive of 7.75% tax rate in Orange County, CA) = $702.22.
I highly recommend working with the Internet Sales Manager at Anaheim Mercedes dealer. Great to work with, honest, dealt entirely on the phone and delivered the car to my house.
The numbers for an otherwise identical 30-month lease are .00225 and 58%.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
My two rupees. You may want to consider MB of Long Beach. I leased a 2011 E350 Bluetech for my wife from this dealership as they were completely transparent and quite fair. I'm contemplating either new M-class or GL-class in the near future, and I would definitely return to them. I reside in San Diego...that's how strong an impression they left. Ask for salesperson with initials G.O., and feel free to tell him that you were referred by the couple from San Diego who leased in October.
Cheers!
Thanks for recomendation! Actually my current GL450 spec, timing and location almost matched with mb_consumer and I wish I can have a deal like him. that's why I am trying to get info from him.
Hello mb_consumer,
if you are connected an read my last email to you, could you please provide the info I was looking for?
Could you please tell me the update on the followings for November?
1) what are the November lease MF/RES rates for 2012 GL450 w/ 10k/12k/15k miles?
2) Is conquest cash program continuing through November?
Could you please tell confirm me the followings for November?
1) November lease MF/RES rates for 2012 GL450 are
71% & 0.00131 w/ 10k/year
50% & 0.00131 w/ 15k/year
2) Competitor conquest cash program for 2012 GL450 is $4000 for November'11?
3) MF can be reduced by 0.00007 for each Multiple Security Deposit (MSD) (1 mo payment) for upto 10 deposit
4) There is a minimum MFactor Mercedes can allow to go low. What is that?
2012 GL
MSRP= $72,650
10 miles/year
24 months
$829 (inlcudes the tire protection)
1) negotiated price or capitalized cost
2) down payment amount if any.
3) money factor and residual factor
3) total out of pocket cost for delivery
5) which state and county
2) $0
3) not sure
4) Just the typical $2500 (first payment, etc)
5) NJ, Bergen
You negotiated price or capitalized cost is about $66400, 8.6% below MSRP. I think the deal is ok but not an excellent
.
In terms of the name of the internet sales manager, this bulletin board says that we are not supposed to post the names of sales people, but there should only be one internet sales manager. He is not one of the internet sales executives. For some reason, his name does NOT currently appear on their directory here: http://www.anaheim.mercedesdealer.com/about_us/staff_members
However, if you call the receptionist, they should be able to direct you.
My company is signed up for fleet incentives and I own two competitor luxury cars. So I may be eligible for both conquest cash (I guess it is $4000 for November for GL class) and $3000 fleet.
I saw you taking both conquest cash ($2000) and fleet ($3000) bring down you deal from 65xxx to 60xxx.
Can I do the same?
I received this quote from a delear today, it's 2012 GL450 with the following pkg
premimu pkg2, lightning pkg, 3 zone climate and running boards.. The MSRP is 72210.00 and the capitalized costs which is the amount we
are leasing the car for you is $65,897.00 The lease on this car at 12k
miles per year for 24 months will be $825.89 with 3956.65 Cash on
delivery which represents the (1st month, bank fee, and taxes upfront.)
Is this a good deal? How can I determine their MF and Residual Value?
thanks
The residual values for a lease with 12,000 miles per year would be 2% higher. The 10k residual would be 3% higher.
I believe that the conquest program did continue in November.
Car_man
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The last time that I checked, the MSD policy that you described was correct. Of course, you can't have a negative money factor, but I don't think that there is a money factor that MB won't allow deals to go below.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
just wanted to share my recent deal on 2012 GL 450 @ MB Princeton. I think you can still do better.
MSRP = $71510 (pkg1, parktronic, blindspot,apperance pkg, trailer hitch)
Negotiated Price is $63000
Fleet Employee Discount is $3k
24 months lease
with FEP discount --> 10k mile/yr is $572 and 12k mile/yr is $605
w/o FEP discount --> 10kmile/yr is $702
I think the MF is .00141 and RV is 71% and 70% respectively. Good luck!!!
Thanks again.
conquest discount wasn't included in my negotiated price since I don't have any other luxury car. I believed the FEP discount from my company is 3K and I think it varies from company to company. I also think they can't combine either program.
here's what I've noticed, I just asked them to give me the best price on my spec and to ensure to include the negotiated price (I didn't mention FEP or Conquest) and they all came back with the following based on these MSRP
Here's from three dealers that quoted me: - ~2k drive out cost and no downpayment
MSRP = $70,510 ; NP = $63100 == $730/month 10k/24months
MSRP = $72,210 ; NP = $65897 == $825.89/month 12k/24months
MSRP = $71,510 ; NP = $63000 == $703/month 10k/24months
then I just mentioned the FEP discount... one came back "No" and one came back "yes".
The average discount off the MSRP on 2012 GL450 seems to be in 7.5k w/o any program (unless this is the Winter Sale Event discount)
Hope this helps and good luck!!
Looks like you picked the last one (MSRP $71510) as your final deal. However, per your previous email, your payment/mo is about $572. this means your final price was $60,000, right?
If it then this would the best deal I have ever seen. Please confirm.
Who is your dealer (you can mention dealer without the sales guy's name here)?
Thanks so much for your help,
Danny
vehicle options:
359: ext: capri blue metallic
154: int: cashmere MB-Tex
P02: premium 2 package
220: parctronic
234: blind assist
289: wood/leather steering wheel,
319: lighting package
335: GL appearance pkg
550: Trailer hitch
581: 3-zone climate control
866: rear seat entertainment pre-wiring
056: accessory rear seat entertainment system
MSRP = $79,030 (incl $875 destination)
Invoice = $73,691 (incl $875 destination)
Negotiated selling price = $67,030 ($12,000 or 15.18% off MSRP) ($6,631 or 9% off Invoice)
finance rate= 1.9% for 66 mos
drive out cost = $20,000 (first mo $844, down $18556, DMV fee $545, doc fee $45)
payment $844/mo
btw, the deal includes MBZ offered $4000 conquest cash rebate incentive that worked for me since I own a bmw and a lexus.
btw: got the preliminary negotiation w/ $67000 done over the internet through email exchanges (~30 mins) and couple of hours later drove there, finalized the deal for $67030 w/ manager's approval and picked up the car in about an hour.
Let me know how the deal went?
just picked up the SUV last Thursday. The final price was in the high $59k close to $60k. I took the 12k miles/year for $605/month.
You have to shop around with different dealership in your area. I specifically mention that I need arctic white and I am only paying the basic drive out cost (processing fee, 1st month payment, registration and upfront tax) - no downpayment. Fortunately, I didn't have to bargain, both salesperson just gave it to me that way and I know that was already a good deal, then I asked for the money factor and residual value which will affect your monthly payment, make sure to ask them about those. MB @ Princeton is what I ended going for.
can you share what the following:
MSRP
Negotiated Price
Money Factor
Residual Value
lease terms and yearly mileage
monthly payment
thanks
Danny
Your bottom line number does not make anything out to anybody. To better understand on your deal, can you mention the following (just like i did in my email)?
As minimum:
MSRP =
Invoice or exact options =
CAPITALIZED cost =
24 mo Money Factor (MF) =
24 mo Residual Value (RV) =
24 mo no of miles driven per/year =
# of MSD = Drive out pocket total =
Drive out cost (incl security deposit) =
Aquisition fee =
DMV reg fee=
Doc fee =
In order to secure a good deal, you should be known all these numbers the by now for your deal.
$640/month for 36 months. I live in Northern NJ.
Probably not the best deal ever, but I'm pretty happy with it.
I just got a call from the dealer saying that Mercedes rejected my application. They said that you can't put a cap cost reduction and multiple security deposits on the same lease. So, the equity I have in my trade is effectively going to the multiple security deposits and my payment goes up by $100/month. Net net it's all the same, I just bring less money to the dealer tomorrow to pick up the car. But have you ever heard of this?
Car _Man can you confirm this? Thank you!
Looking for one-pay lease 24 months. Any tips?
Any thoughts on how they are getting there? Coupons/Promos
Seems like a great deal: IF REAL!!
Capri Blue 2012 GL450
Cashmere Interior
P1 package
Parktronic
Wood/Leather steering Wheel,
Lighting Package
Trailer Hitch
Running Boards
Rear Seat Entertainment
MSRP $73,390
Selling Price $63,000
There was a 4K incentive used, seemed like Winter Event and Conquest are the same thing or are being used interchangeably. And then he was willing to go 2500 or so under invoice.
24 Month/ 10K miles
.00131 MF
71% residual
$637/month with taxes included
$2200 due at signing (doc fee is kind of high for these guys but the deal was so good they wouldn't budget)
Hope this helps someone in there negotiations.
$577 per month with tax included
$1,846.00 due @ signing.
The selling price was $61,540.00 and they told me the winter event was the same at conquest as well. They wanted to charge $1,095 for the bank fee and after speaking to the Manager I got it for the published rate of $795.
MSRP = $79,030 , Negotiated selling price = $67,030
Payment is $844/mo with 20k (down+others) on a 1.9% for 66mo finance.
Big difference is, I will be owner of my dream car after 5.5yrs vs returning the leased car only after 2yrs.
I went to White Plains and asked about those numbers and they told me those don't seem realistic. Did you have an in?
I believe you all, I'm just telling you the White Plains dealer told me that was unrealistic, so he was willing to deal again that low I guess, not sure what to say.
I spoke to princeton and greenwich and 60K on an MSRP of 70740 (or equivalent discount for a higher MSRP) was as good as I could get.
I am picking up tomorrow so too late for the group discounts, but here are the dealerships that were willing to go to 60K on a 70,740 MSRP vehicle. Greenwich is close to White Plains you can try them. If you are willing to take a decent drive you can try Princeton, Euro Motors, or Fort Washington was also fairly close, maybe $10/month more.
I was not able to get anyone to get under $600 for a car with a $73,990 MSRP as the price as @insidecarbuyer said he was able to.