Last post on Nov 23, 2013 at 6:58 AM
You are in the Mercedes-Benz GL Class
What is this discussion about?
Mercedes-Benz GL-Class, Car Leasing, Car Buying, SUV
#41 of 689 Re: leasing 2007 model...any information? [aleksisa]
Feb 18, 2008 (4:23 pm)
2008 Mercedes GL450
24 Month: Resid 64% of MSRP – .00155
36 Month: Resid 56% of MSRP – .00175
48 Month: Resid 45% of MSRP – .00175
60 Month: Resid 39% of MSRP – .00330
Feb 20, 2008 (5:38 pm)
My lease proposal is in for the GL450 and there are some fees I hope people can let me know if they are written in stone (are any of them written in stone)
Doc Fee $599
Rental Surcharge $60.00
Tax on Doc $35.94
MBCC Lease Acc Fee $1095
The fees above to me seem bogus. Some of the others are smaller (all under $50 or so) but these are the most substantial and seem super high to me. Any thoughts?
#43 of 689 Re: Fees? [heffneil]
Feb 21, 2008 (2:00 am)
The lease acquisition fee should be $795 - looks like they marked it up $300- pay no more than the published $795.
A $599 Doc fee is ridiculous!! Here in California, dealers are capped at $55 for the doc fee. I'd advise shopping more dealers so that your dealer has some competition.
What are they capping the cost at on your vehicle? How much over or under invoice? What state or zip code are you in so I can check your lease incentives?
#44 of 689 Re: Fees? [ocautoseeker]
Feb 21, 2008 (6:57 am)
He quoted me a price that was $400 above his "true invoice" I asked for $400 below that to get the invoice price I saw on edmunds and cars direct. The MF is .00155 and residual he quoted was 63% after 33 months with 10,000 miles. I bumped it up to 15k miles.
Originally I wanted the 550 but the MF was SO bad on it I couldn't see spending almost $500 a month more for practically the same vehicle (comparably equipped) with just a little smaller of an engine and a 0 to 60 time of .2 seconds less.
Thanks for the help and I do believe this guy is trying to pull one over on me now.
He is telling me "The bank fee is added to the cap instead of collecting it up front."
Which is odd since I thought the Cap Cost was what we agreed upon 400 below his "true invoice"
#45 of 689 Re: Fees? [heffneil]
Feb 21, 2008 (6:39 pm)
The bank fee/acquisition fee can be either paid upfront in your drive offs or capped into the lease. Many dealers WILL structure the lease with the bank fee rolled in, but you can and should pay it upfront.
The invoices from Edmunds, KBB and CD won't match because of a regional advertising fee. It's legit as it's itemized on the invoice from the factory.
The mf and residual you were quoted are both correct.
Basically, pay them only the $795 bank fee, and get them to shave down that horrendous doc fee!! Makes me sick to see dealers charging that kind of money to "process paperwork."
#46 of 689 Re: Fees? [ocautoseeker]
Feb 21, 2008 (7:34 pm)
Sorry I am in Southwest Florida 34109.
#47 of 689 Re: Fees? [heffneil]
Feb 21, 2008 (7:40 pm)
He said the acquisition fee can't be changed but he would take another $300 off the price of the car. The doc fee was outrageous. I never heard of such a thing.
The deal is:
$1898.36 up front
and $1037 a month for 33 months with 15k miles.
I don't know if there is a fee at turn in. What is the practice here?
MSRP of the vehicle is $76,110
Selling price $70,840
Also the payment above includes the tax 6%.
Any thoughts on this "deal" ?
#48 of 689 Re: Fees? [heffneil]
Feb 22, 2008 (1:53 am)
I ran the numbers and they are spot on assuming the cap cost $70,840 + $1095 bank fee + 6% sales tax = $1037/mo. If they charge you the proper bank fee of $795, payments would be $1026/mo. If you pay the bank fee as part of your drives, your payments would be $1000/mo.
The cap cost looks good as it's right around invoice. Your mf is MBC's current buy rate, and the residual for 15k-mi is 60%.
Dealer is FOS if he's telling you that you can't pay the bank fee upfront. Btw... it's no secret what the bank fee is, it's clearly written on MBUSA.com. Take that to the dealer and show it to him
The turn in fee is $595.
Bottom line: Deal looks pretty good, I would just be aggressive on lowering that doc fee and getting the proper bank fee. There is nothing wrong with the dealer making a small profit, but to "pack" your bank fee and charge you an exorbitant doc fee is ridiculous!
My advice: Have them keep the cap cost the same (after they lowered it), charge you only $795 for the bank fee, and have them cut the doc fee at least in half. That will give them a few hundred dollars profit.
Dealers should not expect to hold gross on models that aren't moving, especially on the GL and thus why they offer lease specials.
Let me know how you make out.
#49 of 689 Re: Fees? [ocautoseeker]
Feb 22, 2008 (7:00 am)
Is the turn in fee non-negotiable? I emailed the dealer who I drove the car with and said I didn't feel like going through the back and forthness. Honestly I am prepared to walk away. We will see what she comes back with. Supposedly in Naples this car is HOT. Meanwhile they had plenty on the lot so who knows. I would jump on the 550 if they could just do the same lease rate. It would make my year
Mar 11, 2008 (2:15 pm)
I was looking at the GL-450 4matic all wheel w/12K yr
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?