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2013 and earlier-Mercedes Benz GL-Class Lease Questions
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Comments
33 mo - Residual - 59% (15k-mi) - .00155 Base Rate
(Add 2% for 12k-mi, add 3% for 10k-mi)
A 12.25% discount is very aggressive on this vehicle!
Let me know what state you live in and/or your local tax rate and I'd be happy to figure your lease payments based on the terms above. I need the MSRP.
I was old that there is a 27 month deal as well - perhaps you can let me know on both the 27 and the 33 month deals? I'm looking at 12K miles p.a. with Zero down (other than first month and bank acq fee).
Tax = 6%
MSRP (inc all options required) is $68,415
Cap cost = $60,034 ? (less MB family disc of 12.25%) - any adevrtising fees or cash bonus etc to be deducted ?
Acq fee = $795
Doc fee = $ ?
Registration fees = ?
I don't think a security dep or disp fee is required as I am a present MBF customer
and will be going from one MB into another.
Is there an official MB site that lists the MF & residuals? Do the MFs go up when the slow winter season (January-March) in the North is past? Historically what happens to the MF & residuals when the next years models come out? Any insight or advice would be appreciated.
Rates can vary from region.
Money factors typically change month-to-month. Residuals typically change quartely (not always), but the later in the model year, the lower the residual as the vehicle gets closer and closer to a full years depreciation.
Special financing, leases, rebates, marketing support etc. are all indications that sales are down for a particular vehicle. Hence, the specials that entice consumers to buy or lease.
Auto sales is a market driven industry.
Here are MBC's buy rates and current residuals:
* 2008 GL320 CDI
24 Month – Residual 62% – .00155
36 Month – Residual 54% – .00175
48 Month – Residual 46% – .00175
60 Month – Residual 40% – .00320
* 2008 GL450
24 Month – Residual 63% – .00155
36 Month – Residual 56% – .00175
48 Month – Residual 44% – .00175
60 Month – Residual 39% – .00320
* Based on 15k annual miles. Add 2% for 12k, add 3% for 10k.
Numbers based on 12k annual miles for a 33 month term.
For a GL 450, your payments would be $764.16/mo. (includes tax)
For a GL 320, your payments would be $785.01/mo. (includes tax)
~ drive off fees: $764.16 (1st mo. pymt) + $795 (MB lease acq. fee) + ~$525 (DMV Fees) + ~$100 (misc.local fees such as tire fee, doc fee, electronic dmv filing fee, etc.)
~ $2200 due at signing. All or some of the above can be rolled into your lease payments.
All the information I have points to 33 months being the most advantageous term.
Thanks for the info.
I was thinking of leasing a 450 GL
MSRP: $66170
Cap Cost $62335
33 month term
MF: .00155
61% Residual
Total comes out to $825 a month w/o taxes. Taxes are $2348 Acq fee $795
Can you tell me if
1. you think this is a good deal
2. If I rolled in the taxes and acq fee and only paid about $1000 up front, what should my monthly payments come out to then?
I'm about to pull the trigger on this soon if it seems reasonable.
Thanks in advance.
Based on the money factor being utilized, for every $1k that they could knock off, your payments would drop ~$35/mo. The cap cost they quoted you appears to be about $400-$500 over invoice. Certainly not a bad deal, but you might try and see if they'll cap the cost at invoice or maybe go $500 back (below invoice).
In regards to Grandprix, it's certainly an option, but just take into consideration the price of your vehicle in comparison to the member who posted that they leased for $750/mo. His vehicle could have been less expensive, or he may have leased when there were additional incentives such as bonus lease cash etc.
The numbers being quoted to you are MBC's base numbers and I don't know of another leasing source that can match the residual and/or money factor on this particular lease.
Best of luck to you!
GL450 w/Premium 1, iPod, 19'' wheels packages
MSRP is about 64K, selling price about 10% off, monthly payment 685$ (tax is paid upfront).
What do you think?
Glad to hear your opinions,
Greg
Can someone provide the MF and the residual value % for both the GL 320 and the GL450 for 12k miles per year at 30/33/36/39 terms (whatever is best)?
I'm looking at leasing one this week and would like to know where I should be at a payment amount. While I'm in the Chicago area, I'm in Will county and not subject to the Chicago lease tax (although I do have to pay the state of IL sales tax on the full purchase amount).
Last question would be recent purchase experiences (dollars off MSRP). I'm eyeing a GL that's stickering at $70.9k, getting a price of a couple of k's below that.
Thanks
John
, Mercedes Benz 2009 GL PK2
Our offer is as follows: MSRP: $69080.00 MSRP: $69,080.00
Minus Rebate: $ 4000.00 Residual: X 51%
---------------- ---------------
$65,080.00 $35,230.80 Residual
Besides Rebate, an Additional:$ 4,000.00
----------------
Selling Price: $61,080.00
____________________________________________________________________________
Selling Price: $61,080.00
Minus Residual: $35,230.80
----------------
$25,849.20 (This is the amount that is use for lease payments)
Lease amount: $25,849.20 Lease Payment: $718.03
Divide by 36 months Times (X) Interest rate 1.8% Money Factor .00075 X 2400
--------------- ------------
Lease Payment $718.03 Monthly $12.92 per month interest rate
Monthly lease payment $718.03 + Interest Rate $12.92 = $ 730.95 PLUS Tax
$730.95 X 5.6% Tax = $40.93
$730.95 ( + ) Plus Tax $40.93 = $771.88 Total lease payment per month 36 months and 15,000 miles per year.
As far as a Rebate Tax: $4000 X 5.6% = $ 224.00 I will pay the tax rebate up front. That way I dont have to pay Interest on a Tax Rebate to a Bank / Lender.
As for the acquisition fee of $ 895.00 (Extra profit to the bank / dealer ) for doing this deal / paperwork), It needs to be taking out of the deal. NO CHARGE.
I will bring the following to close this deal:
1- First Month $771.88
2- Tittle Fees $ 69.50
3- CVR Fee $ 19.50
4- Lic. Fee $ 4.00
5- Service Fee $129.00 (This is another fee just like the acquisition fee to the dealer / profit)
6- Rebate Tax $224.00 Up front, not included on the lease payments.
Finally, The total amount Up-front (DOWN PAYMENT) will be $1,217.88 AT THE PENNY!!!!
And GUESS WHAT? They will go Bananas!! Don't let a dealer rip you OFF!!!
These formulae certainly look appealing; but I would be interested in pursuing a 51 mo lease. The numbers seem ridiculously low if I use these calculations, and the dealers, I am sure, would be happy to tell me so. Another factor are the rebates; is it not the dealer's choice to grant these to the buyer? It seems to me that the dealer can add other hidden costs and fees, residual values, etc to the car to keep the lease payment high and the lease term short. If you know of ways to negociate this with the calculations that you generously provided us, I would appreciate any information that you would be willing to share! Thanks again for the post.
Now let's look at the other important number to look at when leasing...your vehicle's selling price. The 2009 GL450 has a spread of around $4,600 between its full MSRP and its dealer invoice price and no cash incentives. You are being given a $3,000 dealer discount on the truck that you are considering. That is likely around $1,600 or so over invoice, which isn't bad but there still some room there. If you are in an area that has a decent level of competition, I personally would not be surprised if you were able to beat this price by several hundred dollars.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I am very new to leasing. I am planning on leasing a Year 2009 GL450 and the dealer is offering following Deal:
GL450 LEASE
($689.00 per mo/48 mos/$6583.00* at Signing) ($0.25 per mi Charge Over 40,000 mi)
*NOTE: Does Not Include Tax, Title & Registration Fees.
Customer Incentive:
1.9% Financing
(Expires 4-30-09)
BTB, I live in Texas, Collin County where the sales tax is 8.25%.
Could you pl. advise if this a good deal? If not how much should I be paying?
Thanks a bunch in advance
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the model that you want and then have the dealer calculate your truck's monthly payment using Mercedes-Benz Financial's buy rate lease money factor.
Mercedes is not currently providing any cash incentives on leases of the 2009 GL450. So just shoot for a selling price that's as close to dealer invoice as possible. You can look up the exact invoice price of the truck that you want over in the New Vehicle Pricing section of Edmunds.com.
You can also stop by the "Mercedes Benz GL-Class Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately.
Once you have negotiated an attractive selling price, have the dealer calculate your truck's monthly payment using its current buy rate lease money factor of .00074 and you're in business.
Car_man
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Appreciate your thoughts on the following:
2009 GL450 $59,200
650 Arctic White
104 Cashmere MB-Tex
H04 Birds Eye Maple Wood Trim
P01 P01 Package: Rear view camera, PARKTRONI $6,600
R55 19" Wheels
550 Trailer Hitch - 7,500 lbs. (Class IV) $530
864 Rear Seat Entertainment - Multi-Source / $1,850
SUBTOTAL $68,180
DESTINATION & DELIVERY $875
TOTAL $69,055
SALE PRICE: $ 62,999.
Lease 36 months/15,000 miles
Money factor is .00174 (not sure if this was a typo from the dealer; he may have meant .00074)
Residual 51% on a 36 month lease with 15,000 allowable miles/year
MD sales tax: $ 3,785.88
MD tags/licensing: $ 270
MD dealer processing: $ 99
Lease: $960/month (after taxes,tags, licensing and first month's payment)
The GL that you described probably has a spread of at least $4,700 between its full MSRP and its dealer invoice price. You are being given a whopping $6,000 discount on it.
As long as the money factor is good, this looks like a very attractive deal to me.
Car_man
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Do you know of any special May promotions for leases on the GL450? I'm also interested in the current money factor and residual on a 10,000 mile/year lease with 36 months.
Thanks for all of your help!
John
GL-450 Silver
P01 Package, Trailer Hitch, Rear Entertainment Sys.
MSRP 68,325
Sell 64,900
36 months, 10k miles/year
Residual 54%, Money Factor 0.00074
Only First Payment and License on delivery
$886 plus sales tax
Thanks.
Car_man
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There is a spread of around $4,700 between the full MSRP and the dealer invoice price of the GL450 that you are interested in. You were quoted a dealer discount of $3,425 on it. That puts you at around $1,300 or so over invoice. I personally wouldn't be surprised if you were able to beat this offer by a couple hundred dollars if you are in an area that has a decent level of competition, but that's not bad.
Car_man
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If I am being quoted $1000 under invoice, do you think it's a deal I should jump on? It feels like the dealership would do whatever it takes to get this deal done, so I am wondering how low I can take it... On an MSRP of 72905, we're talking right at 67k.
Car_man
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While the huge chunk of dealer cash that is available on this truck right now is very attractive, its lease program is not. Mercedes is no longer providing any lease support on the 2009 GL320. As a result, if you were to lease one through Mercedes-Benz Financial, you would have to use its standard lease program. Its current buy rate standard lease money factor is equivalent to an interest rate of nearly 9.5% :sick: .
Car_man
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I am interested in leasing a 2010 GL350 Diesel
The dealer offered me the following deal.
MSRP $70,795
Selling price (claims to be) $64,560
39 months / 12K miles yr
$7000 total driveoff, $845 per month including 8.75% tax
How much more of a better deal can I get? My target is $7500 down with $750/month incl. tax for this car
Thanks
Is there a bad side to the diesel? its 50-60 cents cheaper per gallon than 91 where I live.
the residual is 52%
rate factor - .00135
I do have to say however the selling price is very aggresive what dealer is offering this deal? I am in the market for a 2010 GL 450 and I am going to Fletcher Jones in Newport on Thursday to try to make a deal. Let me know and by the way $7500 down for $7500 is a little tight - You are almost there. Thanks
Talk to Sung Park (nice, decent, wants to move cars)
Don't waste your time on FJ if you are looking for a good deal - they are good [non-permissible content removed] kissers but I don't think its worth paying thousands more for