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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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#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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#32 of 69
Re: CAR MAN [westiethewilly] by Car_man HOST
May 01, 2009 (1:45 am)
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Replying to: westiethewilly (Apr 28, 2009 12:27 pm)

Hi westiethewilly. there's nothing wrong with leasing a used vehicle, IF you are able to lease one for significantly less than what it would cost to lease a similar new vehicle. The main problem that I have with used vehicle leases is that traditionally manufacturers have provided much less support on them. As a result, it often turned out that the payments on used vehicle leases were fairly close to, or in some instances even more expensive than, the payments on similar new vehicles.
 
Banks provide dealers with a list of dollar residual values that they have to use to calculate the depreciation portion of used vehicle lease payments. The other half of the payment, the interest portion would be calculated using the selling price that you are able to negotiate.
 
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#33 of 69
Re: CAR MAN [Car_man] by crestonave
May 01, 2009 (1:57 am)
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Replying to: Car_man (May 01, 2009 1:45 am)

I'm far from an expert - I'm just a plain old consumer - but I would never lease a car for longer than it's bumper to bumper warranty. It seems to me that if a car comes with 3/36 and you lease for 39 months, you run the risk that in the 38th month you'll encounter a major, costly problem with the car which you'll be responsible for repairing, and then turning the car in a month later. I know folks sign on for leases like this all the time, but I wouldn't. Perhaps I'm just overly cautious, but I think the possibility is something to consider when deciding on what lease to sign.
#34 of 69
Re: CAR MAN [crestonave] by jayrider
May 14, 2009 (7:06 am)
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Replying to: crestonave (May 01, 2009 1:57 am)

Even if the car seems ok mechanically when you turn it in, I have concerns the dealer will do a 1000 point inspection looking for problems to fix. On your tab of course.
#35 of 69
Lease Offers for June? by rlinseattle
Jun 01, 2009 (9:57 am)
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Hi Car Man. I have a new GLK on order from Germany, and my purchase/lease terms will be set once it arrives later this month. A dealer in the Seattle area agreed to invoice + $500 for a loaded AWD model.
 
Any word on the residual and money factor for June? We'll probably only need 10,000 miles per year. Thanks in advance.
#36 of 69
Re: Lease Offers for June? [rlinseattle] by Car_man HOST
Jun 16, 2009 (1:45 am)
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Replying to: rlinseattle (Jun 01, 2009 9:57 am)

Hi rlinseattle. $500 over dealer invoice is an excellent selling price for a GLK450. Here's the info on the leease program that you need.
 
Mercedes'Benz Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 GLK450 2WD with 10,000 miles per year are .00290 and 54%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#37 of 69
$600 sign and drive NJ by njjoe
Jun 18, 2009 (5:12 pm)
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just signed a sign & drive lease. "EVERYTHING ROLLED IN "
glk 4matic
metallic black
Premium1 package
Appearance package
ipod kit
and crome handle inserts
10k miles/year
 
$600/month good deal?
#38 of 69
Re: GLK Lease Offer [trent_08] by theshawarma
Jun 24, 2009 (10:20 pm)
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Replying to: trent_08 (Mar 10, 2009 12:59 pm)

Hey, thanks for the post i was wondering what dealership in NJ did you get that quote from? I think its a great deal b/c in NY i was getting the same SUV with similar packages for 750 per month (0 down including taxes). thx
#39 of 69
July GLK MF and residuals by julies2
Jul 01, 2009 (2:56 pm)
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Hi Car_man
Do you have any info on the July MF and residual for the GLK 350 AWD for a 10,000 mile, 36 month lease?
#40 of 69
Re: July GLK MF and residuals [julies2] by Car_man HOST
Jul 07, 2009 (3:23 am)
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Replying to: julies2 (Jul 01, 2009 2:56 pm)

I sure so, julies2. Here you go. Mercedes-Benz Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GLK350 AWD with 10,000 miles per year are .00247 and 54%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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