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Mercedes Benz GL-Class Lease Questions

118 messages,  Last post on Nov 23, 2009 at 2:50 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mercedes-Benz GL-Class, Car Leasing, Car Buying, SUV


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#108 of 118
Help! by oyvey247
Nov 01, 2009 (8:19 pm)
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Hi! I am interested in a 2010 GL450 lease for 39 months/12k miles a year. list on the car is 67,855. It has the P1 package, ent system,running boards. The price we got to lease is $829/mo with total $6800 out the door down (includes tax,title,etc and $ down). How do I know if this is a good price? i have shopped around the area and it seems comparable, but based on things I have seen online, I am not sure. I just want to make sure I am not getting taken advantage of -
 
Any thoughts would be greatly apprecaited. ps: how reliable are these cars??
#109 of 118
Re: Help! [oyvey247] by wlrdlr
Nov 03, 2009 (2:56 pm)
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Replying to: oyvey247 (Nov 01, 2009 8:19 pm)

The deal you are getting is not great, but also not a total drek (I figured if your username is oyvey you would understand what drek means
Compare it to the national ad on MBUSA.com with $6500 driveoff and $719+tax for a car that is $2000 cheaper and for 10K miles per year. The GL450 has a good residual, and even with $2000 difference in sticker, you should end up paying no more than $30 or so more per month with the same down for 36 or 39 months.
November rates for the GL450 is slightly better than October (residual is the same and MF for 36+ months is .00124)
If you want a good deal, got to a large dealership like South Bay in SoCal (ask for Sung) that has a large inventory and doesn't need to milk every deal (Don't waste time on FJ )
Bottom line: Aim for $6500 driveoff with $700+ tax for this car and see what happens - I think its easily doable. Good luck.
The GL is pretty reliable. All MBZ cars, like all luxury cars, have their issues, and unless you got a lemon, you should not expect too many problems.
Look at the big picture: Its a great car, fun, roomy, comfortable. It doesn't get any better.
#110 of 118
Re: Help! [wlrdlr] by oyvey247
Nov 03, 2009 (3:35 pm)
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Replying to: wlrdlr (Nov 03, 2009 2:56 pm)

thank you wlrdlr - and yes, I do know what drek means! I am MOTT -
 
I will hold out for around $739 (including 6.25% tax) and see where it gets me. We used to live in the south bay, but now live in Boston, a little too far, don't you think Dealer here seems motivated, so I will keep you posted
thanks for the feedback!
 
enjoy the sun!!
#111 of 118
IS THIS A GOOD DEAL?? more info by oyvey247
Nov 07, 2009 (8:54 am)
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So this is the lastest deal:
 
2010 GL450
Artic white/ blk interior
 
P1 package, running boards, dvd install in headrests,
 
Deal is $6800 out the door, 36month/12 year
 
$749/mo lease.
 
This is around 700 plus tax like another person mentioned. I am in no rush for the car and am wondering if I might be able to get a lower payment towards year end -
 
any thoughts??
 
thanks!!
#112 of 118
GL450 Lease Question by bjordan1
Nov 09, 2009 (6:10 am)
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Looking to lease a new GL450. Premium 1 package, appearance package, and towing accessories. MSRP = 67725. 36 or 39 mo's, 12k/yr.
 
What would be a good monthly number - is it possible to get better terms than what's being offered through their sales event?
#113 of 118
Re: GL450 Lease Question [bjordan1] by bjordan1
Nov 10, 2009 (10:17 am)
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Replying to: bjordan1 (Nov 09, 2009 6:10 am)

Is this good, bad or avg:
 
MSRP 70225
6200 drive off (includes first payment)
840/mo including tax (7% tax)
 
3 yrs 36k
#114 of 118
Re: GL450 Lease Question [bjordan1] by wlrdlr
Nov 11, 2009 (1:15 pm)
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Replying to: bjordan1 (Nov 10, 2009 10:17 am)

I'd say its between average and good.
 
I do think the most you'd still be able to squeeze out of the dealer another $50-$60 per month (excl. tax) but even if you don't get that much you're still in good shape
#115 of 118
Signed for GL but it wasn't on the lot by meadows6
Nov 18, 2009 (12:01 pm)
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We drove 2 hours to a dealership on Sunday and when we got there he said he thought the car was on the lot but it's actually in transit (on a truck) and should get here Tuesday or Wednesday. Well, still no word on arrival. We have already signed the paperwork and were given a loaner car, but I'm starting to get impatient. We are paying for the GL and we want it. Has anyone else experienced anything like this with a dealership?
#116 of 118
Re: IS THIS A GOOD DEAL?? more info [oyvey247] by Car_man HOST
Nov 19, 2009 (3:20 am)
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Replying to: oyvey247 (Nov 07, 2009 8:54 am)

Hi oyvey247. Good job at negotiating. $749 per month is certainly a lot better than $829 or whatever you were originally quoted. The one thing that bothers me about this deal is the huge chunk of money that is due at lease signing. In the unfortunate event that your truck was totaled in an accident or stolen and never recovered, there is a very good chance that part or all of the nearly $7,000 that you paid at signing will vanish. Needless to say that would be annoying. I always advise consumers to put as little money down as possible when leasing. Even though it would mean that your monthly payment would increase, that would be the safer thing for you to do.
 
As far as how good a deal this offer is, as I mentioned earlier it is obviously a lot better than what the dealer was initially offering you. I would be happy to give you a more detailed evaluation of your deal if you provide me with this truck's MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult for me to telll how large a dealer discount you are being given, and in turn if there is any meat left on the bone so to speak so close to Thanksgiving .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#117 of 118
Re: IS THIS A GOOD DEAL?? more info [Car_man] by oyvey247
Nov 19, 2009 (6:55 am)
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Replying to: Car_man (Nov 19, 2009 3:20 am)

Hi Car man - Thanks for the response - The MSRP (including $875 for destination and delivery) is $66,595 but that price does include the aftermarket DVD entertainment system the dealer is putting in for me (and residualizing as well)(I need the DVD screens put into the back of the headrests so that my little girl can see the screens from the 3rd row - where she sits b/c she drives her brothers crazy!!). The actual DVD price was not listed on their quote, but they said they would do it included in the $749/mth.
 
As for the $6800 down, if something happened to the truck, wouldn't my insurance cover that? We want a low lease number per month b/c we already just bought a MB350 with no $ down and that payment is $900/month!
 
Also, do you know anything about the 2007,2008 GL's catching fire? I read a few things online and am not too keen on the Truck burning my house down - dealer knows nothing about it - Have they fixed this problem for the 2010??
 
My current lease (MDX) is good til Oct 2010 but I can turn it in anytime - I am in no rush, just need a good deal. Was originally going to buy the Sequoia but their lease is $850 month! yikes!
 
Thanks for all your help! Happy Turkey Day!!

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