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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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#46 of 69
Lease Questions by tk123456789
Aug 03, 2009 (5:51 am)
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Hello, I have been following this discussion thread and I had a few questions about my potential deal on a 2010 GLK 350 4Matic. Dealership is in NYC.
Here are the vehicle options:
413 Panorama Sunroof
322 Appearance Pkg
319 Lighting Pkg
846 Running Boards
 
Total MSRP including Destination fee of $875 is $40825. Invoice is $38028. Selling price is $36450. So I only got $1578 below Invoice and $4375 off of MSRP.
 
Is that a good deal?
 
Also, my lease was coming out to be around $575 with no money down at all.
I don't know about Money Factor numbers or percentages on this deal. I got that lease payment quote back in July, and I had to special order this vehicle from Germany because it was not possible to locate. Are there better rates for August on leasing?
 
My main question is: do I really have to pay advertising fees, bank aquisition fees, dealer prep fees, etc. Or are these things that the dealer will try to stick me with because I got a good deal on the selling price of the vehicle?
 
Any help greatly appreciated!
 
Thanks
#47 of 69
Is this a good deal? by crestonave
Aug 03, 2009 (6:24 am)
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Question: does the 575 include tax?
 
Comment: I would question the dealer prep fee. How could they deliver a car to you without "prepping" it? What does "prep" mean exactly? If they don't prep it, will they deliver the car to you exactly as it comes off the truck? Dirty, wrapped in plastic, etc?
I find it hard to believe a premium brand like Mercedes which claims to treat it's customers top shelf would charge to prep a car.
#48 of 69
Re: Is this a good deal? [crestonave] by tk123456789
Aug 03, 2009 (6:45 am)
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Replying to: crestonave (Aug 03, 2009 6:24 am)

Hi crestonave, yes the $575 included the tax. So your saying I should tell them to shove the prep fee, but I have to pay everything else, right? Or can I tell them that I am not willing to pay any other charges like advertising fees?
 
What do you think about the deal in general?
 
Thanks for the quick reply!
 
Tom
#49 of 69
Re: July GLK MF and residuals [Piaya20] by Car_man HOST
Aug 10, 2009 (2:52 am)
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Replying to: Piaya20 (Jul 31, 2009 5:06 pm)

I sure do, Piaya20. Here you go. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GLK350 4Matic with 15,000 miles per year are .00247 and 51%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#50 of 69
Is this a good deal? by doheny1
Aug 10, 2009 (11:58 am)
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I was quoted the following from a dealer. Is it a good deal? I am referring specifically to the lease figures. It is a 24 month lease. Do you think I can get it lower?
 
GLK 350 RWD Black exterior, black leatherette interior, panoramic sunroof.
 
MSRP 36,255
Sale Price: 32,250
 
Lease figures: 24 month lease, 7,000 due at signing, 469 per month, 10,000 miles per year.
 
Thanks for your help.
#51 of 69
Re: Is this a good deal? [doheny1] by vchad
Aug 10, 2009 (8:38 pm)
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Replying to: doheny1 (Aug 10, 2009 11:58 am)

PLEASE do not buy the car at that price. Putting 7k down is crazy on that lease, thats a terrible deal. id never put anything more than upfront fee's.
 
If you look on above posts, you should be in high 400's and low 500's with barely 1k out of pocket. Do not ever put that kind of money down on a lease.
#52 of 69
Re: Is this a good deal? [vchad] by doheny1
Aug 10, 2009 (9:59 pm)
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Replying to: vchad (Aug 10, 2009 8:38 pm)

Wow, thanks for your reply. So for a 24 month lease a $1,000 down at signing and about $470 a month is reasonable?
#53 of 69
24 month lease by doheny1
Aug 11, 2009 (6:44 pm)
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Car_man Or anyone else that knows:
 
What can I expect to pay for a GLK 350 on a 24 month lease with black interior, black exterior, and panoramic sunroof? If I put about 1,000 down what would be a reasonable monthly payment? For some reason the dealers don't seem to be willing to go below 750 or 800 a month with 1,000 down? Isn't that way too much? Please help.
#54 of 69
Re: 24 month lease [doheny1] by Car_man HOST
Aug 28, 2009 (2:30 am)
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Replying to: doheny1 (Aug 11, 2009 6:44 pm)

Hi doheny1. I would be happy to work up a lease payment on this truck for you using Mercedes' actual lease program. However, in order for me to do so, I need you to provide me with ideally this truck's MSRP and approximate selling price...or at least just the MSRP. Let me know and I'll crunch some numbers.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#55 of 69
Base MSRP Difference by polyslo
Aug 31, 2009 (9:07 am)
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I was looking at the 4MATIC GLK 350 yesterday. They had to do a dealer trade for a particular color. The one we were looking at had a base MSRP of 35.9K. However it had too many miles on it. He found another with less miles and the same exact option, with a higher base MSRP of $36.6. He explained the difference due to the cheaper one being a factory demo. I checked MBUSA web site, and the MSRP is $36.6, but edmunds is reporting $35.9. Can anyone enlighten me on the difference? Thanks.

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