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2013 and earlier-Mercedes Benz GL-Class Lease Questions
CarMan@Edmunds
Member Posts: 38,514
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mercedes Benz GL-Clas. Thanks.
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I'm interested in a three year 10K mile lease. I have no idea on what kind of discounts or specials they're offering on the car. If you could just go off whatever you think is a reasonable price for a base model or whatever. Do you know the MF and residual yet?
Thanks!
Can we get your help to reverse engineer the GL lease promotion on the official MBZ website, www.mbusa.com. I'd like to understand the MF/Residual and other charges.
nat
I am a first time poster here. I am considering leasing the Infinti GX or the Mercedes GL. I would prefer the Mercedes, but the difference in price is hard to justify for me personally. How much of a deal are the Mercedes special lease offers? Do they cut overall costs significantly, or are they just smoke and mirrors?
Thanks!
Angela
Thanks for your response. I used the wrong vehicle name in my question. Sorry. I am looking at the QX and the GL. I have five kids, so with my husband and I and all the kiddies, I need a lot of trunk space. I'd like a luxury car, so that leads me to the Mercedes GL or the Infiniti QX. I much prefer the Mercedes, but the cost difference between the GL and the QX is hard to justify to myself... despite tehri obvious differences. The Mercedes similarly equipped seemes to be around $15-$20k more than the Infiniti, and I am wondering whether there are better lease options for the Mercedes that may bring the prices of the two vehicles closer to each other. Can you offer any suggestions?
Also, in the back of my mind I worry abotu the safety of the Infiniti.
Angela
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Buy at Invoice, 36 month MF and resid are .00309 and 54% Also, I saw a question about R Class.... There is a TON of money back from mercedes on those right now. More than $5000 worth of incentives.
Do you happen to know how the GL has been selling lately, and if MB might be planning a promo on it in November at their Dream sale? The MF isn't all that great, and the RV seems low for 36 mos. MB doesn't seem to be very aggressive on any of their MFs.
can you help me with the details on Mercedes new lease deal on GL? residual and money factor as well as cap costs?
Thanks
njmum, the Volvo trade in basically means the cap cost would be reduced by the value of your trade in that they give you. Let's say you negotiate the "cost/price" of the GL450 you want to lease is 65K. Let's say the residual after 36 months is 54%, therefore the value at the end of the lease is $35,100 (54% times the 65K). Your monthly payment, if you had no trade in, would be based on your usage of the car (deprecation) of $29,900 plus the money factor (interest rate) charged on the 65K value of the car. If your trade was worth say $10K for the Volvo, the cap cost would be reduced by that amount, so your monthly payment for the depreciation portion would be based on 19,900 plus the money factor portion. Also you would have generally have sales taxes built into your monthly payment as well although I believe some states require sales taxes paid on the whole vehicle up front. I'm no leasing expert but I do know states vary on how that's handled. Hope this helps...
according to the following website: http://www.mbworld.org/forums/showthread.php?t=173261
these are numbers that I found (for Dec. 2006):
24 mo/15k mi – Residual Value 67% of MSRP – .00245 Base Money Factor Rate
36 mo/15k mi – Residual Value 59% of MSRP – .00245 Base Money Factor Rate
48 mo/15k mi – Residual Value 53% of MSRP – .00245 Base Money Factor Rate
60 mo/15k mi – Residual Value 42% of MSRP – .00370 Base Money Factor Rate
MB is running their Winter Event now (thru 1/2) and in the small print of the GL ad it seems to say that the dealer contribution is about $2K.
Good luck--I am looking into the GL as well, and will post any numbers I get.
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
2007 GL 450
MSRP $61,675
Sale Price $57,790
39 month lease, 10,000 mi
residual 60%
money factor .00235
$2500 up front (includes $1,095 bank fee?, 1st payment, reg, title, tax)
$779 per month
Your friendly NY attorney.
I'm considering a lease on a new GL450. Has anyone had experience dealing with a third party leasing company as opposed to the dealer? I've heard stories about people getting all kinds of grief from third party leasing companies when they turned their cars in at lease end - excessive charges for excess wear and tear, things along those lines.
Anyone have any experience or thoughts in this area? We always maintain our cars.
hope u can decide.
Just leased a CB/Macadamia GL 450 w. Premium, Sunroof and Xenons in Chicagoland.
MSRP 63275
Negotiated price 58900
Term 51 mths.
Residual 50%
MF .00295 (I know standard is 00245 but I am of the opinion that dealers/salesman have to make a living too. If you cosider the MSRP margins are low.)
Sales tax 3828 (In IL pay on MSRP)
2000 Down for acq. Fee (1095) + some Cap Red.
Ended up at 887/mth.
So far (only 40 miles;-) ) love the car.
can somebody review this numbers and tell me how good or bad are they. I know I need to get the money factor and residual . I'll post then when I get them.
GL 450 2007
Alabaster White/ black leather
premium pack 1
appearance package
back up camera
wood steering wheel
sunroof
trailer hitch
3 z temp
rear seat entret
running boards
keyless go
MSRP 71535
SELLING PRICE 68835+ TAX, TAGS AND SVCE FEE
33 Months
12K MILES
DOWN 5500
974 PLUS TAX
iS THIS A RIP OFF?
I'll appreciate your comments
HVF
this was the info that was pending
selling price is now 68,335
hvf
I also have a question about the current MB advertised special ($699/month for 33 months, 10K miles per year), because in dissecting it I can't figure out why it's a 'good' deal, though admittedly it seems good. The lease carries an adjusted selling price of $57,586.78, which is $1738.22 below MSRP. But then you have to pay a $3250 cap-cost reduction at signing, which to my mind means you now have an effective selling price of $60,836.78, which is $1511.78 ABOVE MSRP!!! Is it as bad as it seems, or is MB Finance helping out in other ways -- for instance, the advertised special uses a 64% residual value and an effective MF of .0022. If this RV is higher than standard or the MF is lower than standard, I can see why the lease deal is decent. But if these are the standard MB Fiannce RV and MF numbers, then doesn't the advertised special stink?
33 Month lease
$2750 down
18,000 Miles per year
White/Cream
DVD, NAV, Parktronic, Front/rear sport trim
19" Wheels
Sunroof, Phone ready
$860 Plus Tax/Month
Thanks
Everyone should wait until the 15th and see the new rates
Good luck
Thanks!
Try contacting the internet department of Downtown LA Motors. I've had quotes from dealers in So. CA and they have provided the lowest quotes and the most complete infomation in a timely manner.
could you provide information on leasing factors for 2007 GL's (residuals, money factors etc etc)?
Are there any "presidents day" sales going on?
Thank you in advance,
Greg
24 Month: Resid 64% of MSRP – .00155
36 Month: Resid 56% of MSRP – .00175
48 Month: Resid 45% of MSRP – .00175
60 Month: Resid 39% of MSRP – .00330
Doc Fee $599
Rental Surcharge $60.00
Tax on Doc $35.94
MBCC Lease Acc Fee $1095
The fees above to me seem bogus. Some of the others are smaller (all under $50 or so) but these are the most substantial and seem super high to me. Any thoughts?
Thanks,
Neil
The lease acquisition fee should be $795 - looks like they marked it up $300- pay no more than the published $795.
A $599 Doc fee is ridiculous!! Here in California, dealers are capped at $55 for the doc fee. I'd advise shopping more dealers so that your dealer has some competition.
What are they capping the cost at on your vehicle? How much over or under invoice? What state or zip code are you in so I can check your lease incentives?
Originally I wanted the 550 but the MF was SO bad on it I couldn't see spending almost $500 a month more for practically the same vehicle (comparably equipped) with just a little smaller of an engine and a 0 to 60 time of .2 seconds less.
Thanks for the help and I do believe this guy is trying to pull one over on me now.
He is telling me "The bank fee is added to the cap instead of collecting it up front."
Which is odd since I thought the Cap Cost was what we agreed upon 400 below his "true invoice"
Thanks!
Neil
The invoices from Edmunds, KBB and CD won't match because of a regional advertising fee. It's legit as it's itemized on the invoice from the factory.
The mf and residual you were quoted are both correct.
Basically, pay them only the $795 bank fee, and get them to shave down that horrendous doc fee!! Makes me sick to see dealers charging that kind of money to "process paperwork."
Neil
The deal is:
$1898.36 up front
and $1037 a month for 33 months with 15k miles.
I don't know if there is a fee at turn in. What is the practice here?
MSRP of the vehicle is $76,110
Selling price $70,840
Also the payment above includes the tax 6%.
Any thoughts on this "deal" ?
Thanks,
Neil
I ran the numbers and they are spot on assuming the cap cost @ $70,840 + $1095 bank fee + 6% sales tax = $1037/mo. If they charge you the proper bank fee of $795, payments would be $1026/mo. If you pay the bank fee as part of your drives, your payments would be $1000/mo.
The cap cost looks good as it's right around invoice. Your mf is MBC's current buy rate, and the residual for 15k-mi is 60%.
Dealer is FOS if he's telling you that you can't pay the bank fee upfront. Btw... it's no secret what the bank fee is, it's clearly written on MBUSA.com. Take that to the dealer and show it to him
The turn in fee is $595.
Bottom line: Deal looks pretty good, I would just be aggressive on lowering that doc fee and getting the proper bank fee. There is nothing wrong with the dealer making a small profit, but to "pack" your bank fee and charge you an exorbitant doc fee is ridiculous!
My advice: Have them keep the cap cost the same (after they lowered it), charge you only $795 for the bank fee, and have them cut the doc fee at least in half. That will give them a few hundred dollars profit.
Dealers should not expect to hold gross on models that aren't moving, especially on the GL and thus why they offer lease specials.
Let me know how you make out.
Neil
The GL is priced at just about $57,000
I want a 36mth lease or something around that.
Can someone tell me the best lease that I should be looking for?
Thanks
Martin
I'm looking at leasing a GL (diesel or gas) but I have an advantage of obtaining a MB family discount through my brother which equals 12.25% off the MSRP.
I'm looking for a 'zero down' deal where I only pay the first month and any bank fee ($795? from above post) at signing for a 27 month lease (as this seems to be the sweet spot according to MB or a 33 month lease) with 12 or 15K miles per year.
What are the residuals and MF for these mileages and lease terms?
Also, can I still expect to negotiate any further on the cap cost and whether there are any 'incentives' (eg bonus, cash back etc) available on the GL at this time?
Finally, what 'fees' can I expect (and be able to negotiate on) ?
Thanks for your help ocautoseeker