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Prices Paid: Buying & Leasing Experiences Mercedes Benz GL-Class Lease Questions
75 messages, Last post on Jul 12, 2008 at 5:16 PM
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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 12:39 pm) 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 10:20 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 1:09 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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Replying to: spiralling (Mar 27, 2008 9:29 pm)
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Replying to: ocautoseeker (Mar 28, 2008 12:19 am)
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Replying to: spiralling (Mar 28, 2008 6:12 am) Based on the money factor being utilized, for every $1k that they could knock off, your payments would drop ~$35/mo. The cap cost they quoted you appears to be about $400-$500 over invoice. Certainly not a bad deal, but you might try and see if they'll cap the cost at invoice or maybe go $500 back (below invoice). In regards to Grandprix, it's certainly an option, but just take into consideration the price of your vehicle in comparison to the member who posted that they leased for $750/mo. His vehicle could have been less expensive, or he may have leased when there were additional incentives such as bonus lease cash etc. The numbers being quoted to you are MBC's base numbers and I don't know of another leasing source that can match the residual and/or money factor on this particular lease. Best of luck to you! |
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