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Mercedes Benz GLK-Class Lease Questions

69 messages,  Last post on Dec 04, 2009 at 1:42 PM

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

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


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#22 of 69
Re: March lease programs [bk2010] by Car_man HOST
Apr 08, 2009 (2:41 am)
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Replying to: bk2010 (Apr 03, 2009 9:03 am)

I sure do, bk2010. Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 36 month lease of a 2010 GLK450 4Matic with 15,000 miles per year are .00230 and 51%, respectively. The money factor for an otherwise identical lease with only 12,000 miles per year would be the same, but the residual value would be 2% higher.
 
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#23 of 69
Re: GLK Lease Offer [spenser99] by sbe
Apr 09, 2009 (7:44 am)
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Replying to: spenser99 (Mar 16, 2009 11:24 am)

Hi Spenser99,
 
I also live in SoCal. Could you give a breakout of your lease deal? Money factor? What dealers did you go to?
 
thanks
#24 of 69
Re: March lease programs [Car_man] by sbe
Apr 09, 2009 (9:35 am)
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Replying to: Car_man (Apr 08, 2009 2:41 am)

thanks Carman. question about the money factors: why is MB so expensive relative to Audi? The money factor of .0023 x 2,400 = 5.52% APR for the GLK, while Audi is quoting .00022 x 2,400 = 0.528% APR for the Q5. That is a huge difference and I wonder why MB would be so uncompetitive in the financing front. Any thoughts? any chance they'll become more competitive? thanks.
#25 of 69
Re: GLK Lease Offer [sbe] by spenser99
Apr 12, 2009 (11:48 pm)
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Replying to: sbe (Apr 09, 2009 7:44 am)

MF was .00197. Added Premium One, Multimedia, Appearance, heated seats, 20" chrome wheels. Lease was 583.78/mo 39 mos, but with new sales tax increased to 589 w/10K miles/yr. $2500 drive off. Cost $41563, $24842 Residual. Finally went with Fletcher Jones when House of Imports balked at including chrome wheels (they wanted to charge dealer cost $400?). 6 weeks later I still love this SUV, drives great, good mileage, no problems yet. Brakes took a little getting used - much softer than my CLK 55.
#26 of 69
Re: GLK Lease Offer [spenser99] by crestonave
Apr 13, 2009 (3:22 am)
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Replying to: spenser99 (Apr 12, 2009 11:48 pm)

Just curious, for comparison purposes, what is your tax rate?
#27 of 69
Q5 trumps the GLK by nendo
Apr 23, 2009 (9:20 am)
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Replying to: crestonave (Apr 13, 2009 3:22 am)

I was keen on getting a mercedes glk until i test drove it. Boy was i underwhelmed. The exterior styling looks pretty good with the 20,s but the interior looked cheap and felt like i was in a subaru. I am coming from a mercedes e55 and this was a huge step down in every way.
 
Then i test drove the audi Q5 with sline trim and 20 inch wheels. WOW , i was really impressed with it. The styling exterior looked great and interior blew the glk away. Also it felt much zippier and handled better than the glk, less harsh of a ride as well.
 
I took a bmw x3 out for a spin and it was god awful in almost everyway except the engine and good cargo room, The car reminded me of 1995!!
 
I have test driven maybe 8 small suvs in the segment and ultimatley the q5 easily won for me.
Now I have a audi 09 s-line sitting in front of my house and couldnt be happier with my desicion
#28 of 69
2010 GLK MF and Residuals on 10K Lease? by lalakrsfan
Apr 24, 2009 (12:44 am)
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Car_man,
 
Can you please provide the MF and residual on a 2010 GLK 350 for a 24 and 36 mo. 10K miles lease? We are shopping this against the X3 and Q5 and trying to determine who is offering the best deal.
#29 of 69
CAR MAN by westiethewilly
Apr 28, 2009 (12:27 pm)
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What is your opinion on leasing a used car. No more than 3 years old. Will the dealer base the lease on the MSRP of the used car or use a discount price that I offer ?
 
Or if you are going to lease, just lease a new on 09' or 2010' ?
 
My goal is low payments and zero down payment but want high end SUV, MB, Audi, MDX. Currently have RX350, lease ends 5/15/09.
 
Thanks
#30 of 69
Re: March lease programs [sbe] by Car_man HOST
May 01, 2009 (1:38 am)
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Replying to: sbe (Apr 09, 2009 9:35 am)

Hi sbe. One possible reason why Mercedes' money factors for the GLK are higher than Audi's are for the Q5 is that Mercedes' residual values for the GLK are higher as well. These higher resids enable it to arrive at similar lease payments without as much money factor support. Both companies are likely aiming for particular advertised payments, they're just going about getting there differently.
 
Car_man
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#31 of 69
Re: 2010 GLK MF and Residuals on 10K Lease? [lalakrsfan] by Car_man HOST
May 01, 2009 (1:42 am)
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Replying to: lalakrsfan (Apr 24, 2009 12:44 am)

Hi lalakrsfan. Mercedes Financial's April buy rate lease money factor and residual value for a 24 month lease of a 2010 GLK350 4WD with 10,000 miles per year were .00240 and 58%, respectively. The numbers for an otherwise identical 36 month lease were .00230 and 54%.
 
Mercedes' April lease program was scheduled to run through yesterday April 30th. Many manufacturers have extended their April programs through May 4th. I'm not sure if Mercedes has or not. Either way, it's scheduled to introduce a new program at some point over the next couple off days. I would be happy to give you an idea of what it is like if you check back with me.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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