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Prices Paid: Buying & Leasing Experiences Mercedes Benz GL-Class Lease Questions
117 messages, Last post on Nov 19, 2009 at 6:55 AM
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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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I am in WV, the local dealer has quoted a higher MF and lower residuals than have been posted on this site. Are the MF and residuals standard through out the country? Is there an official MB site that lists the MF & residuals? Do the MFs go up when the slow winter season (January-March) in the North is past? Historically what happens to the MF & residuals when the next years models come out? Any insight or advice would be appreciated.
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Replying to: loh1320 (Mar 15, 2008 11:39 am) Rates can vary from region. Money factors typically change month-to-month. Residuals typically change quartely (not always), but the later in the model year, the lower the residual as the vehicle gets closer and closer to a full years depreciation. Special financing, leases, rebates, marketing support etc. are all indications that sales are down for a particular vehicle. Hence, the specials that entice consumers to buy or lease. Auto sales is a market driven industry. Here are MBC's buy rates and current residuals: * 2008 GL320 CDI 24 Month – Residual 62% – .00155 36 Month – Residual 54% – .00175 48 Month – Residual 46% – .00175 60 Month – Residual 40% – .00320 * 2008 GL450 24 Month – Residual 63% – .00155 36 Month – Residual 56% – .00175 48 Month – Residual 44% – .00175 60 Month – Residual 39% – .00320 * Based on 15k annual miles. Add 2% for 12k, add 3% for 10k. |
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Replying to: mssurrey (Mar 15, 2008 9:20 am) Numbers based on 12k annual miles for a 33 month term. For a GL 450, your payments would be $764.16/mo. (includes tax) For a GL 320, your payments would be $785.01/mo. (includes tax) ~ drive off fees: $764.16 (1st mo. pymt) + $795 (MB lease acq. fee) + ~$525 (DMV Fees) + ~$100 (misc.local fees such as tire fee, doc fee, electronic dmv filing fee, etc.) ~ $2200 due at signing. All or some of the above can be rolled into your lease payments. All the information I have points to 33 months being the most advantageous term.
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Replying to: ocautoseeker (Mar 16, 2008 12:09 am) Thanks for the info. |
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Just wanted some input from some of the knowledgeable people on here. I was thinking of leasing a 450 GL MSRP: $66170 Cap Cost $62335 33 month term MF: .00155 61% Residual Total comes out to $825 a month w/o taxes. Taxes are $2348 Acq fee $795 Can you tell me if 1. you think this is a good deal 2. If I rolled in the taxes and acq fee and only paid about $1000 up front, what should my monthly payments come out to then? I'm about to pull the trigger on this soon if it seems reasonable. Thanks in advance.
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