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Mercedes-Benz GL-Class, Car Leasing, Car Buying, SUV
#326 of 689 Conquest Cash & lease rate for Nov'2011
Nov 03, 2011 (4:19 am)
Could you please tell confirm me the followings for November?
1) November lease MF/RES rates for 2012 GL450 are
71% & 0.00131 w/ 10k/year
50% & 0.00131 w/ 15k/year
2) Competitor conquest cash program for 2012 GL450 is $4000 for November'11?
3) MF can be reduced by 0.00007 for each Multiple Security Deposit (MSD) (1 mo payment) for upto 10 deposit
4) There is a minimum MFactor Mercedes can allow to go low. What is that?
#327 of 689 Re: Conquest Cash & lease rate for Nov'2011 [ali9986]
Nov 03, 2011 (12:35 pm)
Can someone tell me if this is a good deal.
$829 (inlcudes the tire protection)
#328 of 689 Re: Conquest Cash & lease rate for Nov'2011 [glipper]
Nov 04, 2011 (8:26 am)
Can you provide the following for more accurate answer on the deal?
1) negotiated price or capitalized cost
2) down payment amount if any.
3) money factor and residual factor
3) total out of pocket cost for delivery
5) which state and county
#329 of 689 Re: Conquest Cash & lease rate for Nov'2011 [ali9986]
Nov 04, 2011 (11:35 am)
1) Did it backwards and didn't negiotiate a price
3) not sure
4) Just the typical $2500 (first payment, etc)
5) NJ, Bergen
#330 of 689 Re: Conquest Cash & lease rate for Nov'2011 [glipper]
Nov 04, 2011 (11:50 am)
Using your information and using this month MF=0.00131/RV=71%
You negotiated price or capitalized cost is about $66400, 8.6% below MSRP. I think the deal is ok but not an excellent
#331 of 689 Re: lease rates? [ali9986]
Nov 06, 2011 (1:52 pm)
I work for Latham & Watkins LLP. If you want to check, you can call MB Fleet operations at 866-628-7232. Or perhaps check with your company's HR department. You can also ask any MB dealership and they will tell you if Broadcom is enrolled. However, I wouldn't ask the dealership that you plan to buy from, since they may not give you as good of a deal if they know you are also putting the fleet incentive on top of the negotiated price. Tell them at the end of the negotiation that you are using fleet incentive. the fleet incentive comps from the MB factory and the dealer is reimbursed for the discount.
In terms of the name of the internet sales manager, this bulletin board says that we are not supposed to post the names of sales people, but there should only be one internet sales manager. He is not one of the internet sales executives. For some reason, his name does NOT currently appear on their directory here: http://www.anaheim.mercedesdealer.com/about_us/staff_members
However, if you call the receptionist, they should be able to direct you.
#332 of 689 Re: lease rates? [mb_consumer]
Nov 06, 2011 (1:54 pm)
Also, Ali9986, if you don't qualify for the fleet incentive, the conquest cash program is almost as good ($2000 vs $3000 for fleet). all you have to do is drive a competitor luxury car.
#333 of 689 Re: lease rates? [mb_consumer]
Nov 07, 2011 (12:44 pm)
My company is signed up for fleet incentives and I own two competitor luxury cars. So I may be eligible for both conquest cash (I guess it is $4000 for November for GL class) and $3000 fleet.
I saw you taking both conquest cash ($2000) and fleet ($3000) bring down you deal from 65xxx to 60xxx.
Can I do the same?
#334 of 689 Re: conquest cash [ali9986]
Nov 08, 2011 (6:52 pm)
I received this quote from a delear today, it's 2012 GL450 with the following pkg
premimu pkg2, lightning pkg, 3 zone climate and running boards.. The MSRP is 72210.00 and the capitalized costs which is the amount we
are leasing the car for you is $65,897.00 The lease on this car at 12k
miles per year for 24 months will be $825.89 with 3956.65 Cash on
delivery which represents the (1st month, bank fee, and taxes upfront.)
Is this a good deal? How can I determine their MF and Residual Value?
#335 of 689 Re: conquest cash [ali9986]
Nov 09, 2011 (5:16 pm)
I certainly can ali9986. Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 36-month lease of a 2012 GL450 with 15,000 miles per year are .00131 and 55%, respectively for consumers who qualify for its top credit tier.
The residual values for a lease with 12,000 miles per year would be 2% higher. The 10k residual would be 3% higher.
I believe that the conquest program did continue in November.
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