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Prices Paid: Buying & Leasing Experiences 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
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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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Replying to: ocautoseeker (Feb 22, 2008 1:53 am)  Neil |
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Replying to: ocautoseeker (Feb 22, 2008 1:53 am) The GL is priced at just about $57,000 I want a 36mth lease or something around that. Can someone tell me the best lease that I should be looking for? Thanks Martin |
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ocautoseeker- I'm looking at leasing a GL (diesel or gas) but I have an advantage of obtaining a MB family discount through my brother which equals 12.25% off the MSRP. I'm looking for a 'zero down' deal where I only pay the first month and any bank fee ($795? from above post) at signing for a 27 month lease (as this seems to be the sweet spot according to MB or a 33 month lease) with 12 or 15K miles per year. What are the residuals and MF for these mileages and lease terms? Also, can I still expect to negotiate any further on the cap cost and whether there are any 'incentives' (eg bonus, cash back etc) available on the GL at this time? Finally, what 'fees' can I expect (and be able to negotiate on) ? Thanks for your help ocautoseeker
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Replying to: mssurrey (Mar 14, 2008 5:50 am) 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.
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Replying to: ocautoseeker (Mar 15, 2008 3:33 am) 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.
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