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Mercedes Benz GL-Class Lease Questions

113 messages,  Last post on Nov 10, 2009 at 10:17 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mercedes-Benz GL-Class, Car Leasing, Car Buying, SUV


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#83 of 113
Re: 2009 GL 450 Lease Option [Car_man] by lexusgirl2
Mar 06, 2009 (7:04 pm)
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Replying to: Car_man (Mar 02, 2009 4:58 am)

Thank you Car Man.
#84 of 113
Re: 2009 GL 450 Lease Option [lexusgirl2] by Car_man HOST
Mar 17, 2009 (2:10 am)
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Replying to: lexusgirl2 (Mar 06, 2009 7:04 pm)

You're very welcome, lexusgirl2.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#85 of 113
Re: 2009 GL 450 Lease Option [Car_man] by gl450proud
Apr 07, 2009 (5:39 pm)
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Replying to: Car_man (Mar 17, 2009 2:10 am)

My Leasing Guru,
 
I am very new to leasing. I am planning on leasing a Year 2009 GL450 and the dealer is offering following Deal:
 
GL450 LEASE
($689.00 per mo/48 mos/$6583.00* at Signing) ($0.25 per mi Charge Over 40,000 mi)
*NOTE: Does Not Include Tax, Title & Registration Fees.
  
Customer Incentive:
1.9% Financing
(Expires 4-30-09)
 
BTB, I live in Texas, Collin County where the sales tax is 8.25%.
 
Could you pl. advise if this a good deal? If not how much should I be paying?
Thanks a bunch in advance
#86 of 113
Re: 2009 GL 450 Lease Option [gl450proud] by Car_man HOST
Apr 08, 2009 (2:38 am)
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Replying to: gl450proud (Apr 07, 2009 5:39 pm)

Hi gl450proud. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the model that you want and then have the dealer calculate your truck's monthly payment using Mercedes-Benz Financial's buy rate lease money factor.
 
Mercedes is not currently providing any cash incentives on leases of the 2009 GL450. So just shoot for a selling price that's as close to dealer invoice as possible. You can look up the exact invoice price of the truck that you want over in the New Vehicle Pricing section of Edmunds.com.
 
You can also stop by the "Mercedes Benz GL-Class Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately.
 
Once you have negotiated an attractive selling price, have the dealer calculate your truck's monthly payment using its current buy rate lease money factor of .00074 and you're in business.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#87 of 113
Re: GL leasing [Car_man] by stockwatch
Apr 12, 2009 (7:05 am)
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Replying to: Car_man (Jun 20, 2006 3:50 am)

Car_Man
 
Appreciate your thoughts on the following:
 
2009 GL450 $59,200
650 Arctic White
104 Cashmere MB-Tex
H04 Birds Eye Maple Wood Trim
P01 P01 Package: Rear view camera, PARKTRONI $6,600
R55 19" Wheels
550 Trailer Hitch - 7,500 lbs. (Class IV) $530
864 Rear Seat Entertainment - Multi-Source / $1,850
                                                         
     SUBTOTAL $68,180
     DESTINATION & DELIVERY $875
     TOTAL $69,055
 
SALE PRICE: $ 62,999.
 
Lease 36 months/15,000 miles
Money factor is .00174 (not sure if this was a typo from the dealer; he may have meant .00074)
Residual 51% on a 36 month lease with 15,000 allowable miles/year
MD sales tax: $ 3,785.88
MD tags/licensing: $ 270
MD dealer processing: $ 99
 
Lease: $960/month (after taxes,tags, licensing and first month's payment)
#88 of 113
Re: GL leasing [stockwatch] by Car_man HOST
Apr 30, 2009 (2:40 am)
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Replying to: stockwatch (Apr 12, 2009 7:05 am)

Hey stockwatch. Make sure that the dealer really is charging you the 074 month factor, not 174.
 
The GL that you described probably has a spread of at least $4,700 between its full MSRP and its dealer invoice price. You are being given a whopping $6,000 discount on it.
 
As long as the money factor is good, this looks like a very attractive deal to me.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#89 of 113
May promotions and rates for GL450 by john_rydell
May 05, 2009 (8:12 am)
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Car_Man:
 
Do you know of any special May promotions for leases on the GL450? I'm also interested in the current money factor and residual on a 10,000 mile/year lease with 36 months.
 
Thanks for all of your help!
 
John
#90 of 113
Any thoughts on this quote? by collman
May 21, 2009 (7:13 pm)
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Car_Man or Anyone?
GL-450 Silver
P01 Package, Trailer Hitch, Rear Entertainment Sys.
MSRP 68,325
Sell 64,900
36 months, 10k miles/year
Residual 54%, Money Factor 0.00074
Only First Payment and License on delivery
$886 plus sales tax
 
Thanks.
#91 of 113
Re: May promotions and rates for GL450 [john_rydell] by Car_man HOST
May 27, 2009 (2:12 am)
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Replying to: john_rydell (May 05, 2009 8:12 am)

Here you go, John. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 GL450 with 10,000 miles per year are .00074 and 54%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#92 of 113
Re: Any thoughts on this quote? [collman] by Car_man HOST
May 27, 2009 (2:18 am)
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Replying to: collman (May 21, 2009 7:13 pm)

Hi collman. The money factor and residual value that you were quoted are right in line with Mercedes' current program for this truck. That's a good thing, so let's move on to the other important number...the selling price.
 
There is a spread of around $4,700 between the full MSRP and the dealer invoice price of the GL450 that you are interested in. You were quoted a dealer discount of $3,425 on it. That puts you at around $1,300 or so over invoice. I personally wouldn't be surprised if you were able to beat this offer by a couple hundred dollars if you are in an area that has a decent level of competition, but that's not bad.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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