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Mercedes-Benz GL-Class, Car Leasing, Car Buying, SUV
#118 of 693 Lease terms for Mercedes GL 450
Nov 23, 2009 (2:50 pm)
CarMan - I am looking at leasing a 2010 MB GL 450 - 12K miles - $5K down - P1 package
What Money Factor should I look for ? Is .00124 the magic number?
What Residual should I expect ? 55% ?
What type of discount should I look for from MSRP? I heard that the dealers have roughly 12% to play with ?
Have you heard positives or negatives on the web guys like Vehix or Fleetrate?
Thanks for your help !
#119 of 693 GL 350 Bluetec Lease - seems high
Dec 02, 2009 (11:18 am)
There seems to be a low supply of the new 2010 MB GL 350 Bluetec's around my area. They are hard to find!
We are looking to lease one for 36 months. After calling four dealers, we finally found one. Here's what they are offering:
(includes lots of extras I don't need.... P02, Lighting Package; 3 zone climate control; Infrared glass; Running Boards; Pre-wiring for Rear Seat Ent; Walnut wood trim
$2800 down (includes 1st month)
36 months, 12K/yr
$1240 per month plus tax
Any thoughts? Would love your input.
Seems a bit high to me....
#120 of 693 Re: Lease terms for Mercedes GL 450 [shoefly2]
Dec 17, 2009 (3:33 am)
Hi shoefly2. .00124 is indeed MB Financial's current buy rate for this truck. 55% is its 36-month, 12,000 mile per year residual value. Make sure that the dealer that you're working with uses these numbers to calculate your truck's payment.
I'm not personally intimately familiar with what the market is like for the GL right now, but if I was in the market for one I would look up its dealer invoice price here at Edmunds.com (New Vehicle Pricing) and shoot for $1,000 over or better.
I'm not familiar with Vehix or Fleetrate. Are they brokers? I'm not a big fam of brokers. I find that intelligent consumers are usually able to do just as well as or even beat brokers' deals by doing things on their own.
Prices Paid: Buying & Leasing Experiences Forum
#121 of 693 FINALLY bought the GL 450!!
Dec 24, 2009 (9:34 pm)
Ok - We did it - bought the 2010 GL 450 and taking delivery monday! Phew!
P1 package, running boards, prewiring for DVD (we are having after market DVD put into headrests on MB dime and they are residualizing it!), irridium silver, blk interior
6500k down out the door (incld tax, etc), 36 month/12k miles, $739/mo
(incld 3 years service - they will pick up my car (1 hr from dealer) and bring me a loaner!)
We think we did pretty good -
Any thoughts out there??
I just need a new car at this point - the MDX I am driving dies weekly!!
#122 of 693 Re: FINALLY bought the GL 450!! [oyvey247]
Jan 05, 2010 (7:04 am)
oyvey congrats! do you mind posting the MSRP, cap cost reduction, and negotiated price. I am looking to lease one as well.
#123 of 693 Re: FINALLY bought the GL 450!! [dollar_pound]
Jan 06, 2010 (5:07 pm)
The msrp was $67,315, cash cap reduction was $4,206.51 and selling price was $62,100. We put $6500 down but probably could have gotten that a little lower. Ended up at $739/month (incld tax), 36 month lease at 12k miles. I think we got a pretty good deal.
Originally they started their price at $829/month without the extras I wanted (paint color, running boards). As it turns out, the car they got for me had the parktronic (which i didn't really want) and NOT the running boards (which i need for the kids). So they ended up eating the cost of running boards and I got the parktronic too!
Not sure where you live, but we bought this and (my hubby's Mercedes R350 last year) at Chambers Motorcars in Somerville, MA - They have the best deals as I priced out ALL the dealers near here (and in NH too!). They bent over backwards to get our business - even said they will drive out here (1 hr from their showroom),take my car and bring me a loaner if my car ever needs service. Not bad!
All in all, very happy, car drives like a dream and hauls "you know what" on the road! Hope I answered all your questions! Good luck!!
#124 of 693 Re: FINALLY bought the GL 450!! [oyvey247]
Jan 07, 2010 (8:51 am)
Thanks Oyvey, I am NJ. one request for clarification, how much above below invoice did you get the car for? I plan no cap cost reduction payment.
#125 of 693 Re: FINALLY bought the GL 450!! [dollar_pound]
Jan 08, 2010 (7:20 am)
We don't have the invoice on the car but the price we paid on the car (w/o the added options) was $59500 - Plus we paid the 3K for dealer installed DVD (doesn't cost nearly that much but dealer just threw in that number). We were more concerned about our monthly payment - Our sticker was $ 67,500 but they had to add running boards on their dime (see above). So we figure around 5k under sticker. Not sure if that helps. To get invoice you can look on Edmunds for prices. Invoices are tricky on leases - I suggest shopping your area to see who can give you the best deal - We started at 829/mth and got to 739/month with extras thrown in - Good luck!
ps: Car is a dream to own - we are loving it!!!
#126 of 693 Re: FINALLY bought the GL 450!! [oyvey247]
Jan 09, 2010 (6:21 am)
Why did you pay $6800 down on a lease? If something happens to the car you will have lost that money. Forget about sticker you can better use invoice as a guage or just compare OTD.
#127 of 693 help please car man
Jan 18, 2010 (6:41 pm)
Was offered the following deal:
gl450 obsidian black, P1, appearance package, trailer hitch, prewiring for rear seat entertainment. MSRP $68605. cap cost: 64,995. 12K miles/year, 4.99 money factor, 58% residual. 5132 down (includes 1st payment, sales tax upfront). after tax payment $944.51/month
Can't I do better on this? I'm also trading in a 2006 750li with 51K miles on it and they are giving me $28.500 for it.