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Prices Paid: Buying & Leasing Experiences Mercedes Benz GL-Class Lease Questions
113 messages, Last post on Nov 10, 2009 at 10:17 AM
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Replying to: c21bryan1 (Dec 13, 2007 6:01 pm) Try contacting the internet department of Downtown LA Motors. I've had quotes from dealers in So. CA and they have provided the lowest quotes and the most complete infomation in a timely manner. |
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Greetings all, could you provide information on leasing factors for 2007 GL's (residuals, money factors etc etc)? Are there any "presidents day" sales going on? Thank you in advance, Greg
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Replying to: aleksisa (Feb 17, 2008 9:45 am) 24 Month: Resid 64% of MSRP – .00155 36 Month: Resid 56% of MSRP – .00175 48 Month: Resid 45% of MSRP – .00175 60 Month: Resid 39% of MSRP – .00330 |
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My lease proposal is in for the GL450 and there are some fees I hope people can let me know if they are written in stone (are any of them written in stone) Doc Fee $599 Rental Surcharge $60.00 Tax on Doc $35.94 MBCC Lease Acc Fee $1095 The fees above to me seem bogus. Some of the others are smaller (all under $50 or so) but these are the most substantial and seem super high to me. Any thoughts? Thanks, Neil
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Replying to: heffneil (Feb 20, 2008 5:38 pm) The lease acquisition fee should be $795 - looks like they marked it up $300- pay no more than the published $795. A $599 Doc fee is ridiculous!! Here in California, dealers are capped at $55 for the doc fee. I'd advise shopping more dealers so that your dealer has some competition. What are they capping the cost at on your vehicle? How much over or under invoice? What state or zip code are you in so I can check your lease incentives?
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Replying to: ocautoseeker (Feb 21, 2008 2:00 am) Originally I wanted the 550 but the MF was SO bad on it I couldn't see spending almost $500 a month more for practically the same vehicle (comparably equipped) with just a little smaller of an engine and a 0 to 60 time of .2 seconds less. Thanks for the help and I do believe this guy is trying to pull one over on me now. He is telling me "The bank fee is added to the cap instead of collecting it up front." Which is odd since I thought the Cap Cost was what we agreed upon 400 below his "true invoice" Thanks! Neil
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Replying to: heffneil (Feb 21, 2008 6:57 am) The invoices from Edmunds, KBB and CD won't match because of a regional advertising fee. It's legit as it's itemized on the invoice from the factory. The mf and residual you were quoted are both correct. Basically, pay them only the $795 bank fee, and get them to shave down that horrendous doc fee!! Makes me sick to see dealers charging that kind of money to "process paperwork."
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Replying to: ocautoseeker (Feb 21, 2008 6:39 pm) Neil |
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Replying to: heffneil (Feb 21, 2008 7:34 pm) The deal is: $1898.36 up front and $1037 a month for 33 months with 15k miles. I don't know if there is a fee at turn in. What is the practice here? MSRP of the vehicle is $76,110 Selling price $70,840 Also the payment above includes the tax 6%. Any thoughts on this "deal" ? Thanks, Neil
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Replying to: heffneil (Feb 21, 2008 7:40 pm) I ran the numbers and they are spot on assuming the cap cost  $70,840 + $1095 bank fee + 6% sales tax = $1037/mo. If they charge you the proper bank fee of $795, payments would be $1026/mo. If you pay the bank fee as part of your drives, your payments would be $1000/mo. The cap cost looks good as it's right around invoice. Your mf is MBC's current buy rate, and the residual for 15k-mi is 60%. Dealer is FOS if he's telling you that you can't pay the bank fee upfront. Btw... it's no secret what the bank fee is, it's clearly written on MBUSA.com. Take that to the dealer and show it to him The turn in fee is $595. Bottom line: Deal looks pretty good, I would just be aggressive on lowering that doc fee and getting the proper bank fee. There is nothing wrong with the dealer making a small profit, but to "pack" your bank fee and charge you an exorbitant doc fee is ridiculous! My advice: Have them keep the cap cost the same (after they lowered it), charge you only $795 for the bank fee, and have them cut the doc fee at least in half. That will give them a few hundred dollars profit. Dealers should not expect to hold gross on models that aren't moving, especially on the GL and thus why they offer lease specials. Let me know how you make out.
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