Last post on Nov 23, 2013 at 6:58 AM
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Mercedes-Benz GL-Class, Car Leasing, Car Buying, SUV
#529 of 689 Re: 2012 GL 350 Lease info [jrod13]
Sep 09, 2012 (7:54 am)
Hi jrod13. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 24-month lease of a 2012 GL 350 with 12,000 miles per year are .00160 and 67, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36-month lease are .00160 and 59%.
The only cash incentive that I am aware of on this truck right now is the CAP certificates, which is $4,000 on the '12 GL350 right now.
Prices Paid: Buying & Leasing Experiences Forum
#530 of 689 Re: Great lease deals... [lsr2k12]
Sep 09, 2012 (7:58 am)
Hi lsr2k12. I don't believe that it provides a different money factor or residual value, but it should provide anyone who uses it with a low selling price in addition to the extra cash off.
The CAP Certificate allowance on 2012 E-Class Sedans is currently $2,250.
Prices Paid: Buying & Leasing Experiences Forum
Sep 11, 2012 (6:16 pm)
I see some of you are being offered GL550s at $15k off.
There's a $86.5k GL550 at my local dealer that is a demo with 5,000 miles.
How much do you think I should try to get off on this car? The 13 GLs were hitting the lot today when I was there. So this is a 12, PLUS it's a demo, it appears that there should be an amazing deal somewhere in there.
Any help, please?
#532 of 689 Re: 2013 GL450 Lease [carlovin]
Sep 13, 2012 (12:03 pm)
I can confirm the following:
September programs from Mercedes, the residual value on a 2013 GL 450 is 73% for 10k miles and 72% for 12k miles for a 24 month lease. The buy rate on a GL 450 lease is .00160, with autopay they could offer a rate of .00150.
However, I ave heard there is no money (CAP) on the 2013 GL 450 or 550's. I was told the "best" price they could offer was a 5% discount. I was also told there is only a 7% mark up between invoice and MSRP.
If this is accurate, it would see that dealers were taking a bath giving up to $15k+ plus discounts on the 2012 GL 450 & GL 550 even with the $5k of CAP.
Can anyone share any insight here on discounts or their "best" discount off MSRP? Also, are there any trends we can look at when heavier discounting will occur. Hearing the story "consumers are demanded the 2013 model so much" is why discounts are not available seems a bit too rosy to me. After all, aren't we still in a recession or is that now over?
#533 of 689 Re: 2013 GL450 Lease [irishladdy]
Sep 13, 2012 (12:13 pm)
Thanks for the confirmation. I received a quote for 70% residual on the 24 month 10k lease and a money factor of .0019 from MB in Manhattan. Odd that they would have different rates than what I received elsewhere and what you received. Hearing same thing re 5%. Truecar discounts on a well equipped model (~$78k) are apprx. 5% in my area (NYC).
Sep 15, 2012 (4:27 am)
Car man- would you be able to provide us with confirmation re the residual and money factor for the 2013 GLs? Both the 24 and 36 momth terms with 12k miles would be very helpful. I received yet a different money factor quote yesterday of .0021, which is quite a bit higher than what others are saying. I thought that MB bank sets the money factor so it should be the same at each dealer, but perhaps that's not the case? Thanks for your input here and elsewhere throughout the site!
#535 of 689 Re: 2013 GL450 [carlovin]
Sep 15, 2012 (5:42 am)
No, it is not true. When I was shopping for my 2012 just 1.5 months ago, the MF buy rate was only 0.0014 from MBFS but I have dealers quoting me 0.0015 to 0.0021 and when I presented them with the buy rate, all of them responded that it is conventional for them to mark up the buy rate. (In fact, one of the salesperson even told me that the lease rate was set by MBFS and there is nothing the dealer can do, and turn around and quoted me a rate with a 30% markup) I am paying the buy rate in the end after negotiation, so the lesson is that, find out the buy rate and stick to it as the dealer is always trying to make money somewhere else. (I have a $300 lease setup markup from the $795 but I let that one go and when I purchased the service contract, they were also trying to mark it up.)
Just like every deal, you have to have the dealer list out every item and try to figure out what are you paying. Most of the dealers I was dealing with only ask me how much I am willing to pay per month and tried to avoid disclosing any detail.
#536 of 689 Re: 2013 GL450 [llngoc2]
Sep 15, 2012 (7:29 am)
Thanks for the info. Everyone says that the money factor is set by MBFS and they cannot change it, yet each has a different money factor. Negotiation is one thing but these are flat out lies.
#537 of 689 Re: Mercedes Benz GL-Class: Lease Questions [Car_man]
Sep 16, 2012 (5:33 am)
I've seen information (money factors) you've posted regarding lease rates on 2013 GL450's on a 10k and 12k miles. I'm working on a 24 or 36 month lease at 15k miles. Do you have the set money factor rates I should be seeing on my deal? (appreciate your insight and expertise!)
Also - is it realistic to be shooting for 7% off MSRP on the 13's?
#538 of 689 2012 gl350 lease info
Sep 16, 2012 (5:57 am)
Does anyone know the following:
24 month lease
I'm shooting for 15% off msrp. Is that too aggressive?