Last post on May 23, 2013 at 4:11 PM
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Mercedes-Benz GL-Class, Car Leasing, Car Buying, SUV
#476 of 620 Re: July Lease Rates Mercedes GL350 [vitty]
by Car_man HOST
Jul 17, 2012 (4:35 pm)
Thanks vitty. Mercedes-Benz Financial's July residual value for a 36-month lease of a 2012 GL350 with 15,000 miles per year is 58%. Mercedes is not currently providing any lease rate support on this model. As a result, if you were to lease one through Mercedes-Benz Financial you would have to use its standard lease money factors. I'm not sure exactly what that is right now, but it's probably around .00210 or slightly better.
Prices Paid: Buying & Leasing Experiences Forum
#477 of 620 Mark up on lease rate and acquisition fee??
Jul 23, 2012 (5:44 pm)
I am aware of the GL450 special lease program from MB Financial for the 24 month lease with 71% residual and 0.0014 MF and I made sure that the dealers who I am dealing with are aware of it.
However, one of the dealers is quoting me 0.0019 MF and $1095 acquisition fee as he states that it is customary for the dealer to charge half point mark up on the lease rate and $300 for the acq fee. This definitely sounds fishy to me, but can it be true?
#478 of 620 Re: Mark up on lease rate and acquisition fee?? [llngoc2]
Jul 23, 2012 (7:53 pm)
No, it's not true. You can get a straight up MF and residual, as well as the acq. fee from the dealer. You can also reduce the MF via autopay and security deposits.
The dealers should make enough on the back end. Find another dealer or bargain this down. Better yet, fax a form letter to all the dealership sales managers in the area and see who comes back with the lowest quote. This is your money - make it count.
Lastly - I hear "one pay" really works well if you can afford it.
#479 of 620 Re: Mark up on lease rate and acquisition fee?? [dkrimgold]
Jul 23, 2012 (8:18 pm)
So I guess the dealer is trying to maximize his profit then and I should walk on this deal.
Jul 24, 2012 (6:25 pm)
Just helped my friend get this deal.
MSRP - $71,880
Conquest - $4,000
Negotiated the rest down to -
Selling price - $60,081
24 month lease with 12,000 miles per year.
Money Factor with auto pay .00130
Residual for 12k miles - 70%
Total out of pocket $2,581.27
Bank fee- $795
Transfer plates $100
Doc fee - $75
NYS Inspection $10
NYS Tire Fee $12.50
Taxes - (7.375%) $1,038.37
1st month payment - $550.40
Month payment $550.40
Needless to say my friend was very happy!
#481 of 620 Re: July Lease Term & Single-Payment question [Car_man]
Jul 24, 2012 (6:29 pm)
One pay option drops money factor by .00080 - So the .00140 becomes to .00060 for a 24 month term. Was exploring that option earlier today!
#482 of 620 Re: Awesome GL450 Deal [insidecarbuy]
Jul 24, 2012 (6:40 pm)
Ok 24 months $550 or a about $1300 plus out of pocket $2500 or total payment
70% residual of $70k is $49000
I am wondering who is paying the different
If you can walk out with $950 payment here in Texas you are lucky
#483 of 620 Re: Awesome GL450 Deal [insidecarbuy]
Jul 24, 2012 (6:43 pm)
Great deal indeed! Where in New York did this take place? I live in Rockland County, 10901 zip code.
Please advise if you can. Thanks!
#484 of 620 Decent deal?
Jul 27, 2012 (7:49 am)
I got my local dealer to come down to this for a 2012 GL450 for a 12k/year 24 months lease:
Net Cap cost: $59350 (After $12655 off MSRP)
Money factor: 0.00140
Residual value: $50403 (70% residual)
Acquisition fee: $1095 ($300 markup here)
Deposition fee: $595
How realistic it will be for me to negotiate the buyback price down at the end of the lease? My intention is actually to purchase the car at the end.
BTW, the exact car we want is on transit but the dealer wants us to complete lease paperwork today and have it submitted next Tuesday when the car arrives. Does anyone see any issue with it?
#485 of 620 Re: Decent deal? [llngoc2]
Jul 27, 2012 (8:06 am)
Residual is HIGHER so you monthly payment is LOWER.
If you want LOWER residual so you can buy back then your monthly payment will be higher. You got $12000 off and still want lower payment and lower buy back... What else do you want? Free service for life? free tires and brakes???
may as well ask them while you are at it