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2013 and earlier-Mercedes Benz GL-Class Lease Questions
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Car_man
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I haven't seen any information on leasing a 2013 GL yet, but perhaps I'll come across some when Mercedes publishes its new September incentives later this week.
Car_man
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What is the money factor and residual info for a 2012 GL 350 with 10K or 12k miles and for 24 or 36 months. Also, what are the CAP or other incentives if any. Thanks
I think I have heard about that program. Does it provide a moneyfactor reductions as well?
I am interested in the CAP incentive on the E-350 gas and Blu-tec
Thanks.
As for the options, the leather, heated windshield washer reservoir were special order items (which comes with a special order charge). I was happy to have these - first time I saw a completely leather wrapped dash in a GL (similar to Designo leather in the S-class). As for the rear entertainment, I have kids and that is the only thing they care about in the truck. I do love it so far.">
Money factor: .0016
24month lease residuals - 72% and 73% for 12k and 10k miles, respectively
36 month lease residuals - 63% and 64% for 12k and 10k miles, respectively
Looking over the info on the MBUSA website, it looks like it will be a significant improvement over the 2012s.
The numbers for an otherwise identical 36-month lease are .00160 and 59%.
The only cash incentive that I am aware of on this truck right now is the CAP certificates, which is $4,000 on the '12 GL350 right now.
Car_man
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The CAP Certificate allowance on 2012 E-Class Sedans is currently $2,250.
Car_man
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There's a $86.5k GL550 at my local dealer that is a demo with 5,000 miles.
How much do you think I should try to get off on this car? The 13 GLs were hitting the lot today when I was there. So this is a 12, PLUS it's a demo, it appears that there should be an amazing deal somewhere in there.
Any help, please?
I can confirm the following:
September programs from Mercedes, the residual value on a 2013 GL 450 is 73% for 10k miles and 72% for 12k miles for a 24 month lease. The buy rate on a GL 450 lease is .00160, with autopay they could offer a rate of .00150.
However, I ave heard there is no money (CAP) on the 2013 GL 450 or 550's. I was told the "best" price they could offer was a 5% discount. I was also told there is only a 7% mark up between invoice and MSRP.
If this is accurate, it would see that dealers were taking a bath giving up to $15k+ plus discounts on the 2012 GL 450 & GL 550 even with the $5k of CAP.
Can anyone share any insight here on discounts or their "best" discount off MSRP? Also, are there any trends we can look at when heavier discounting will occur. Hearing the story "consumers are demanded the 2013 model so much" is why discounts are not available seems a bit too rosy to me. After all, aren't we still in a recession or is that now over?
Thank you.
Just like every deal, you have to have the dealer list out every item and try to figure out what are you paying. Most of the dealers I was dealing with only ask me how much I am willing to pay per month and tried to avoid disclosing any detail.
I've seen information (money factors) you've posted regarding lease rates on 2013 GL450's on a 10k and 12k miles. I'm working on a 24 or 36 month lease at 15k miles. Do you have the set money factor rates I should be seeing on my deal? (appreciate your insight and expertise!)
Also - is it realistic to be shooting for 7% off MSRP on the 13's?
Jason
10,000 miles
24 month lease
Residual?
Money factor?
I'm shooting for 15% off msrp. Is that too aggressive?
The numbers for an otherwise identical 36-month lease are .00160 and 63%.
If your credit is in good shape, the dealer that quoted you a money factor of .00210 is definitely marking it up. Dealers are often allowed to mark dealers' buy rates up to add additional hidden, back-end profit to deals.
Car_man
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Mercedes-Benz Financial's buy rate lease money factor for a 36-month lease of a 2013 GL450 is .00160 for consumers who qualify for its top credit tier.
Car_man
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Huge discounts should definitely be available on the '12 GL. Mercedes is providing $8,000 dealer cash on them this month. Shoot for a selling price that's as close as possible to dealer invoice minus the eight grand.
Car_man
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Can you confirm it's $8k? Can I use USAA cash with dealer cash? And the discount price? I'm looking at a $75k GL350 and shooting for a sell of $60k. With USAA of $3k, MB club of $1k and dealer cash am I in line? With the mf and residual that puts the 24 mos payment a little under $600. What do you think?
Could you provide the lease rates for a 2012 GL 450 for 24 months and 15k miles per year?
Also, is the dealer cash on this model 8K as well?
Is there still loyalty on this truck?
Thanks.
My Mercedes salesman is coming back stating that the 2013 (not 2012) GL450 money factor is 2x the 2012 models... So his .00305 is accurate - he says. He also has my residual on this 36 month 15k miles lease at 61%.
Is that correct?
Also is an Acquisition fee of $1,095 and Doc fee of $499 standard or are those negotiable?
Thanks so much! -Jason
Car_man
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Car_man
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So in theory best price is "best price" minus $8k?? Seems reasonable if that's the case, so maybe shoot for invoice minus $8k and forget USAA, MBCA, and CAP?
Car_man
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First, thanks for all the lease information you & others have provided.
A dealer that I'm working with have over 15+ new 2012 GL550s on their lot. They really trying to push those GL550s out. I would like to know the buy rate and residual for 24m/10K. At Post#547, you mentioned buy rate of .0016 and residual of 70% for a 2012 GL450 with 15K miles. Is this the same for a 2012 GL550? Residual seems kind of high for a 2012 & 15K miles.
What is a reasonable discount to MSRP to expect on a 2013 GL 550? Thanks for your help!
That's a lot of leftover GLs. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 24-month lease of a 2012 GL550 with 10,000 miles per year are .00160 and 68%, respectively for consumers who qualify for its top credit tier.
Car_man
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Car_man
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Also, regarding the residual value, is that based off of MSRP or the negotiated price?
Thanks for the information!
The numbers for an otherwise identical 30-month lease are .00160 and 63%.
These residual values are based upon a percentage of the full MSRP, including the destination charge and the MSRPs of any options that can be residualized.
Car_man
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Car_man
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Thinking about one of the GL's, the Diesel or the 450 and a slim chance of the 550.
Could you provide the MF and RV for them for November. Also are there any incentives?
Was ready to pull the trigger on the X5 but now on the fence.
Thanks!
The numbers for the 2012 GL 550 are .00140 / 64% and .00140 / 54%.
There is no lease support on GL 350 models right now, but you can still lease one through Mercedes-Benz Financial using its standard lease program.
Car_man
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Car_man
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Just wanted to make sure you knew I was looking at the 2013's.
Thank You
Do you know current money factor and res value to lease 2013 GL350 ?
Thanks.
The numbers for the 2013 GL450 and GL550 are .00160 / 61% and .00160 / 56%, respectively.
Car_man
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Car_man
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Thanks for all of the help that you provide everyone! Could you please let me know what the current best mf and residuals are for 2013 GL 450 and 550 for 48 month lease duration? At 12,000 miles per year? We are getting both vehicles - picking up the 450 on Friday and want to make sure that I get the best terms at the dealer on the lease.
Thanks a lot.
Ive always been BMW and had my guy for years but new to MB.
Thanks
Are there any incentives on the '13 GL's (350 or 450).
Any conquest cash?
Best Regards
What is going to be residual and money factor for 36 months/10K miles per year and 24 months/10K per year. Thanks A lot.
We just got a 2013 450 for invoice but had to agree to a money factor of .0021 (vs. their buy rate of .0016). Residual for 48 months with 12k per year was 54%.
We are getting the 2013 550 for 1% over invoice - it had to be ordered, so we got exactly what we wanted but won't get the car until April.
The numbers for an otherwise identical lease of a 2013 GL 550 are .00160 and 50%.
Car_man
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