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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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Originally posted this in the "experience" forum, but it's probably better suited for this forum. Can someone provide the MF and the residual value % for both the GL 320 and the GL450 for 12k miles per year at 30/33/36/39 terms (whatever is best)? I'm looking at leasing one this week and would like to know where I should be at a payment amount. While I'm in the Chicago area, I'm in Will county and not subject to the Chicago lease tax (although I do have to pay the state of IL sales tax on the full purchase amount). Last question would be recent purchase experiences (dollars off MSRP). I'm eyeing a GL that's stickering at $70.9k, getting a price of a couple of k's below that. Thanks John |
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| Can someone provide Mercedes' October residual and MF for 2009 GL450, 36 months, 15K miles/year in the MD/VA/DC market (if that matters). Thanks!!! | |
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For those who are looking to do a lease on ANY vehicle, here is the FORMULA to do ANY lease! All you do is change my numbers to your numbers. , Mercedes Benz 2009 GL PK2 Our offer is as follows: MSRP: $69080.00 MSRP: $69,080.00 Minus Rebate: $ 4000.00 Residual: X 51% ---------------- --------------- $65,080.00 $35,230.80 Residual Besides Rebate, an Additional:$ 4,000.00 ---------------- Selling Price: $61,080.00 ____________________________________________________________________________ Selling Price: $61,080.00 Minus Residual: $35,230.80 ---------------- $25,849.20 (This is the amount that is use for lease payments) Lease amount: $25,849.20 Lease Payment: $718.03 Divide by 36 months Times (X) Interest rate 1.8% Money Factor .00075 X 2400 --------------- ------------ Lease Payment $718.03 Monthly $12.92 per month interest rate Monthly lease payment $718.03 + Interest Rate $12.92 = $ 730.95 PLUS Tax $730.95 X 5.6% Tax = $40.93 $730.95 ( + ) Plus Tax $40.93 = $771.88 Total lease payment per month 36 months and 15,000 miles per year. As far as a Rebate Tax: $4000 X 5.6% = $ 224.00 I will pay the tax rebate up front. That way I dont have to pay Interest on a Tax Rebate to a Bank / Lender. As for the acquisition fee of $ 895.00 (Extra profit to the bank / dealer ) for doing this deal / paperwork), It needs to be taking out of the deal. NO CHARGE. I will bring the following to close this deal: 1- First Month $771.88 2- Tittle Fees $ 69.50 3- CVR Fee $ 19.50 4- Lic. Fee $ 4.00 5- Service Fee $129.00 (This is another fee just like the acquisition fee to the dealer / profit) 6- Rebate Tax $224.00 Up front, not included on the lease payments. Finally, The total amount Up-front (DOWN PAYMENT) will be $1,217.88 AT THE PENNY!!!! And GUESS WHAT? They will go Bananas!! Don't let a dealer rip you OFF!!!
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Make sure to ask the Dealer for: MSRP, Money Factor (You multiply that by 2400 and that gives you the interest rate!) , If they give you the interest rate, JUST ASK HIM FOR THE MONEY FACTOR! you can figure it out by yourself, ask for the residual, Tax % of your county, and ask ALL fee's!! (Service fee is BS's, acquisition fee is BS's, Doc Fee's is BS's) They change their names for you to think that is OK and is PART of your deal. Don't get fool!!! Then go back to my previous post and put your numbers in by using the formula from my previous post! Good luck! Dealers will lie and lie to make you bealive that any other numbers are part or HAVE to be paid to the Bank?? What bank? That's what you say to them!!! 
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Replying to: Jerrypapa (Jan 29, 2009 6:44 pm) These formulae certainly look appealing; but I would be interested in pursuing a 51 mo lease. The numbers seem ridiculously low if I use these calculations, and the dealers, I am sure, would be happy to tell me so. Another factor are the rebates; is it not the dealer's choice to grant these to the buyer? It seems to me that the dealer can add other hidden costs and fees, residual values, etc to the car to keep the lease payment high and the lease term short. If you know of ways to negociate this with the calculations that you generously provided us, I would appreciate any information that you would be willing to share! Thanks again for the post. 
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Just got a quote from the MB dealer. 2009 GL 450- MSRP $67,475 and final selling price id $64,475. The money factor is 0.00095, no down payment for 36 month lease. Monthly payment is $972. Is this a good deal?
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Replying to: lexusgirl2 (Feb 28, 2009 10:14 pm) Now let's look at the other important number to look at when leasing...your vehicle's selling price. The 2009 GL450 has a spread of around $4,600 between its full MSRP and its dealer invoice price and no cash incentives. You are being given a $3,000 dealer discount on the truck that you are considering. That is likely around $1,600 or so over invoice, which isn't bad but there still some room there. If you are in an area that has a decent level of competition, I personally would not be surprised if you were able to beat this price by several hundred dollars. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Mar 02, 2009 4:58 am)
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Replying to: lexusgirl2 (Mar 06, 2009 7:04 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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