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Mercedes Benz GLK-Class Lease Questions

350 messages,  Last post on May 13, 2013 at 4:13 PM

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

Messages Page 28 of 36

#266 of 350 Re: April Money Factor and RV [billmv] by Car_man HOST

May 09, 2012 (3:28 pm)

Replying to: billmv (May 02, 2012 9:50 pm)
You're very welcome, billmv. Yep, banks usually won't disclose any specifics about their programs to the public.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#267 of 350 Re: 4MATIC residual & MF [jacmyoung2] by Car_man HOST

May 09, 2012 (3:35 pm)

Replying to: jacmyoung2 (May 08, 2012 12:27 am)
Hi jacmyoung2. The May numbers are different. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 30-month lease of a 2012 GLK350 4Matic with 12,000 miles per year are .00114 and 63%, respectively for consumers who qualify for its top credit tier.
 
The $2,000 conquest cash is still there.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#268 of 350 Re: 4MATIC residual & MF [Car_man] by jacmyoung2

May 10, 2012 (7:05 am)

Replying to: Car_man (May 09, 2012 3:35 pm)
Thanks Car_man.
 
I built up a GLK4 on Edmunds, then contacted several dealers from the Edmunds nearby dealer list. One dealer 90 miles from where I live (Berberian European Motor in Stockton, CA, they sell Volvo too) came through, quoted me through email and beat several local dealers. They then delivered the GLK and the paperwork right to our door.
 
I had always read people using Edmunds contact list but never tried it myself, should have done so years ago, this is the best way to connect with dealers' "Internet Sales Departments" for a stress free dealing. Below is the detail:
 
2012 GLK4, P1, Multimedia, AMG and heated seats.
MSRP $48,015
Sale price $41,000 including conquest
$795 lease inception and $694 3yr/30miles maintenance rolled into the payments
$1,000 total drive off (first payment and TTL)
30mo/15k miles/yr, $498/mo before sales tax
All math checked out with Car_man's rates down to pennies.

#269 of 350 Re: 4MATIC residual & MF [jacmyoung2] by gt2k6

May 10, 2012 (8:44 am)

Replying to: jacmyoung2 (May 10, 2012 7:05 am)
jacmyoung2,
 
Was the $694 mainenance residualized?
 
Were the lease inception and maintenance added to the 41,000 or included?
 
Thanks

#270 of 350 Re: 4MATIC residual & MF [gt2k6] by jacmyoung2

May 10, 2012 (3:49 pm)

Replying to: gt2k6 (May 10, 2012 8:44 am)
$41,000 is the sale price of the GLK, does not inlude inception and maint.
 
Initially the sales manager said maint cost was residualized, but in our case (30/15k/yr) the 3-yr maint (3-yr/30k) will run out before the lease turn in. I don't think it is residualized.
 
I forgot to mention we did auto pay, so the MF is 0.00104.

#271 of 350 Re: 4MATIC residual & MF [jacmyoung2] by Car_man HOST

May 20, 2012 (12:47 pm)

Replying to: jacmyoung2 (May 10, 2012 7:05 am)
You're welcome jacmyoung2. Thanks for taking the time to share the details of your lease with everyone. Enjoy your new ride.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#272 of 350 GLK 350 residual and MF by bradl1

May 21, 2012 (7:15 am)

Hey Carman. Thanks for all the great info on here, very helpful! My wife is looking to lease a GLK 350 with a MRSP around $38,500. What is the money factor and residual for May for a 39 month lease with 18k miles per year.
 
Thanks so much!

#273 of 350 Re: GLK 350 residual and MF [bradl1] by Car_man HOST

May 21, 2012 (3:40 pm)

Replying to: bradl1 (May 21, 2012 7:15 am)
You're very welcome bradl1. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 39-month lease of a 2012 GLK 350 4Matic with 15,000 miles per year are .00114 and 53%, respectively for consumers who qualify for its top credit tier.
 
I'm not sure if MB Finance publishes residual values for leases with 18,000 miles per year. For anything over 15k, most banks charge lessees on a per-mile basis.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#274 of 350 Re: 4MATIC residual & MF [Car_man] by infinitiluv

May 21, 2012 (5:35 pm)

Replying to: Car_man (May 20, 2012 12:47 pm)
Car_man,
 
Does jacmyoung2's lease make sense to you? I don't see how his payment can be so low without more money down. I want to use this deal as a reference but it doesn't seem possible. I appreciate your help.
 
Thanks!

#275 of 350 looking for a 450GLK by triniboy1

May 28, 2012 (11:38 am)

hey carman i'm ending my current lease in Dec. and i'm looking for a 450GLK. do i lease a 2012 or do i look for a lease ending in 2012. Also, would it be better to purchase a pre-owned 450GLK?

Messages Page 28 of 36

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