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Mercedes Benz GLK-Class Lease Questions

359 messages,  Last post on Jun 18, 2013 at 7:50 PM

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

Messages Page 29 of 36

#281 of 359 2013 GLK CAP by tl111

Aug 09, 2012 (10:02 am)

Hi Car_Man,
 
I'm looking at a 2013 GLK 4 Matic. Do you know what the CAP discount amount is? Also, do you know the USAA program discount? I am being offered $1k Conquest and am wondering if either CAP or USAA deals would be any better. Thank you sir.

#282 of 359 Re: 2013 GLK CAP [tl111] by Car_man HOST

Aug 15, 2012 (6:01 pm)

Replying to: tl111 (Aug 09, 2012 10:02 am)
Hi tl111. I don't believe that there is any CAP cash on the 2013 GLK yet. There is a $1,000 conquest incentive on it though, as you mentioned.
 
Car_man
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#283 of 359 August Lease numbers by gvitalik1

Aug 19, 2012 (9:26 pm)

Hi CarMan,
 
What are the lease terms for 2012 GLK350 4Matic for 7500m or 10k/year for 24 month and 36 months?
 
Thanks

#284 of 359 Re: August Lease numbers [gvitalik1] by Car_man HOST

Sep 03, 2012 (12:07 pm)

Replying to: gvitalik1 (Aug 19, 2012 9:26 pm)
Here you go gvitalik1. Through September 4th, Mercedes-Benz Financial's buy rate lease money factor and residual value for a 24-month lease of a 2012 GLK 350 4Matic with 10,000 miles per year are .00114 and 67%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 36-month lease are .00114 and 56%.
 
Car_man
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#285 of 359 2013 GLK350 Lease Info by leeshuck

Sep 16, 2012 (9:15 am)

Hi Car_man or kydfx:
 
Could you provide current lease rates and any conquest/incentives for BMW owners for the 2013 GLK350 for 36 months 10k/12k miles/year? Are they the same for RWD and 4Matic?
 
I have a 2010 BMW 135i convertible with lease ending at the end of the year. My local MB dealer said the conquest cash is $1,000 now - is it likely this will go higher at the end of the year?
 
Thanks,
 
Lee

#286 of 359 Re: 2013 GLK350 Lease Info [leeshuck] by Car_man HOST

Sep 20, 2012 (3:19 pm)

Replying to: leeshuck (Sep 16, 2012 9:15 am)
Certainly Lee. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36-month lease of a 2013 GLK350 RWD with 12,000 miles per year are .00116 and 58%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical lease of a '13 GLK350 4Matic are .00115 and 59%.
 
The residual values for a lease with only 10,000 miles per year are 1% higher.
 
Given the fact that Mercedes had $2,000 conquest cash on the 2012 GLK at one point, I suspect that it is very possible that the conquest cash on the '13 will increase at some point...it's difficult to say when though.
 
Car_man
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#287 of 359 Re: 2013 GLK350 Lease Info [Car_man] by taylor808

Sep 25, 2012 (9:29 pm)

Replying to: Car_man (Sep 20, 2012 3:19 pm)
Hello Car_man,
 
Here is a quote I got for a 2013 GLK 350 RWD
 
Money Factor: 0.00166
Residual: 63%
12k miles/year
30 month lease
MSRP: 38,245
 
Cap cost: 36,221 (used $2,000 USAA incentive)
Down payment: $3,000
Adjusted Cap cost: 33,221
 
Total lease $396 + $19 tax = 415/m
 
is this a good deal? the dealership is firm and will not negotiate any lower.
 
on a side note, this will be a pre-order, which will charge $1,000 deposit (which they said was refundable if i didn't like the vehicle), and the dealership said when the car gets here, those numbers will be subject to change based on whether or not the USAA incentive is still active in December when the car will be here.
 
Is it true that the lease numbers can not be locked in to a pre-order?
 
Thanks for any help

#288 of 359 Re: 2013 GLK350 Lease Info [taylor808] by autoboy19

Sep 26, 2012 (8:55 am)

Replying to: taylor808 (Sep 25, 2012 9:29 pm)
taylor808,
 
If $36,221 is the cap cost after the $2,000 rebate, then this is a rather horrible deal.
 
They are charging you MSRP for this vehicle as well as adding 1% (.00040) to the money factor.
 
Even on an ordered vehicle, you should be able to do much better.
 
You should be able to lock in the money factor and residual until the car gets in. If terms get worse, you can take the locked in value, but if terms get better, you should be able to go with the new terms. And if this car comes in December, the terms will likely be better.
 
On the other hand you will likely not be able to lock in the USAA incentive. If it is not there when this car comes in, you will not be able to get it.
 
However, it is very likely that this will still be available in December, along with possibly better incentives.

#289 of 359 Re: 2013 GLK350 Lease Info [taylor808] by Car_man HOST

Sep 27, 2012 (4:36 pm)

Replying to: taylor808 (Sep 25, 2012 9:29 pm)
Hi taylor808. If your credit is in good shape then the money factor that you were quoted is too high. Mercedes-Benz Financial's September buy rate lease money factor for a 2013 GLK 350 RWD is only .00116.
 
A $2,000 discount on this truck is reasonable, but you definitely need to get the money factor straightened out. Also, given the $3,000 spread between this trucks MSRP and invoice price the dealer should be able to give you this large a discount if they wanted to, regardless of what the USAA program is like when you take delivery.
 
BMW allows consumers to lock-in the current lease program on ordered vehicles, but I'm not sure about Mercedes. I don't see why the dealer would mislead you about that.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#290 of 359 October money factor by cliffpoz

Oct 02, 2012 (2:30 pm)

Hi carman,
 
Do you have October money factor and residual for a 2013 glk 4 matic with 10,000 miles and 36 months?
 
Thanks!

Messages Page 29 of 36

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