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Mercedes Benz GL-Class: Lease Questions

621 messages,  Last post on May 24, 2013 at 6:36 PM

You are in the Mercedes-Benz GL Class Forum.

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

Messages Page 2 of 63

#10 of 621 Re: GL leasing [chrangela] by popny85

Jun 15, 2006 (1:41 pm)

Replying to: chrangela (Jun 15, 2006 10:18 am)
Yea, the Rearview Back-Up Camera isn't going to be available until July built vehicles. I would think that the vehicles should DEFINITELY be reduced for Mercedes-Benz' Winter Dream Event, which is sometime in November. Not sure if you want to wait that long.

#11 of 621 Re: GL leasing [lopz] by Car_man HOST

Jun 20, 2006 (4:50 am)

Replying to: lopz (May 14, 2006 4:09 pm)
Hello lopz. If you were to lease a 2007 Mercedes-Benz GL450 through Mercedes-Benz Credit Corp. right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00355 and 70%. The numbers for an otherwise identical 36 month lease should be .00320 and 62%, respectively.
 
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#12 of 621 Re: GL leasing [Car_man] by lopz

Jun 26, 2006 (10:23 am)

Replying to: Car_man (Jun 20, 2006 4:50 am)
Thanks. I guess I'll wait for a better deal.

#13 of 621 Better Deal by drlease

Sep 14, 2006 (7:43 am)

Better deal is here. 2007 GL450
Buy at Invoice, 36 month MF and resid are .00309 and 54% Also, I saw a question about R Class.... There is a TON of money back from mercedes on those right now. More than $5000 worth of incentives.

#14 of 621 Re: Better Deal [drlease] by billmv

Sep 22, 2006 (11:52 pm)

Replying to: drlease (Sep 14, 2006 7:43 am)
drlease
 
Do you happen to know how the GL has been selling lately, and if MB might be planning a promo on it in November at their Dream sale? The MF isn't all that great, and the RV seems low for 36 mos. MB doesn't seem to be very aggressive on any of their MFs.

#15 of 621 Re: Better Deal [billmv] by marcsusl

Oct 05, 2006 (7:09 am)

Replying to: billmv (Sep 22, 2006 11:52 pm)
upstate leasing is running a special on it now. a gl450 with premium package, sunroof package, and rear seat entertaiment. msrp $65025 lease for only $899 a month with $3000 total due at signing including ny sales tax (8%) and all fees. email me for more info. happy to help out a fellow shopper.

#16 of 621 New Lease deals by jakpenn

Nov 24, 2006 (2:23 pm)

car man
can you help me with the details on Mercedes new lease deal on GL? residual and money factor as well as cap costs?
Thanks

#17 of 621 Lease trade-in help needed by njmum

Dec 01, 2006 (12:45 pm)

My Volvo XC90 is leased until 5/08 but I need a bigger car and would like the GL. The local MB dealer said they would look into using the Volvo as a trade-in. What does this mean? I can't find any info about this on the leasing sites. The only reason we're leasing now is because we were only expecting to live in the USA for a brief period. Our plans changed so I would consider buying, although I do like driving newer cars. Anyway, am I stuck with the Volvo or is there a way to get another car without the dealer tacking on the lease payments from the Volvo onto the new car? Any info would be great.

#18 of 621 Re: Lease trade-in help needed [njmum] by oman9

Dec 12, 2006 (10:51 pm)

Replying to: njmum (Dec 01, 2006 12:45 pm)
Wow...pretty slow board out here...
 
njmum, the Volvo trade in basically means the cap cost would be reduced by the value of your trade in that they give you. Let's say you negotiate the "cost/price" of the GL450 you want to lease is 65K. Let's say the residual after 36 months is 54%, therefore the value at the end of the lease is $35,100 (54% times the 65K). Your monthly payment, if you had no trade in, would be based on your usage of the car (deprecation) of $29,900 plus the money factor (interest rate) charged on the 65K value of the car. If your trade was worth say $10K for the Volvo, the cap cost would be reduced by that amount, so your monthly payment for the depreciation portion would be based on 19,900 plus the money factor portion. Also you would have generally have sales taxes built into your monthly payment as well although I believe some states require sales taxes paid on the whole vehicle up front. I'm no leasing expert but I do know states vary on how that's handled. Hope this helps...

#19 of 621 Re: New Lease deals [jakpenn] by suviwai

Dec 21, 2006 (3:57 pm)

Replying to: jakpenn (Nov 24, 2006 2:23 pm)
Hey jakpenn,
 
according to the following website: http://www.mbworld.org/forums/showthread.php?t=173261
 
these are numbers that I found (for Dec. 2006):
24 mo/15k mi – Residual Value 67% of MSRP – .00245 Base Money Factor Rate
36 mo/15k mi – Residual Value 59% of MSRP – .00245 Base Money Factor Rate
48 mo/15k mi – Residual Value 53% of MSRP – .00245 Base Money Factor Rate
60 mo/15k mi – Residual Value 42% of MSRP – .00370 Base Money Factor Rate
 
MB is running their Winter Event now (thru 1/2) and in the small print of the GL ad it seems to say that the dealer contribution is about $2K.
Good luck--I am looking into the GL as well, and will post any numbers I get.

Messages Page 2 of 63

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