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Mercedes Benz GLK-Class Lease Questions

66 messages,  Last post on Nov 24, 2009 at 7:25 AM

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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#10 of 66
GLK vs Audi Q5 by crestonave
Mar 08, 2009 (8:16 am)
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Has anyone compared the two in person? Is it possible that Audi's lower advertised lease price for the Q5 will force MB to get a little more aggressive with their leasing on the GLK?
#11 of 66
Re: GLK vs Audi Q5 [crestonave] by sharmahw
Mar 09, 2009 (1:45 pm)
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Replying to: crestonave (Mar 08, 2009 8:16 am)

Hi I was quoted 2010 GLK with P1 and Parktronic only in NJ. 0 cap cost plus inceptions fee (about $2100), sales tax included, 39 months, 7500/yr miles, $530/month. Is it reasonable or there is room for negotiation? Thanks. Need to get the car this week!
#12 of 66
GLK Lease Offer by trent_08
Mar 10, 2009 (12:59 pm)
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Replying to: sharmahw (Mar 09, 2009 1:45 pm)

Hey, wanted to share and get feedback. Just received the following email quote in southern NJ.
 
2010 GLK 4matic
Metallic Steel Gray
Black MB-Tex
Aluminum Trim
P1
Multimedia
Sport Appearance Package - 20" Wheels
Heated Seats
MSRP $45,705
SALE PRICE $41,666
LEASE TERMS
39 Months
12k miles/yr
$2500 Due at signing (1st month, tax, fee, etc..)
$598 Monthly Payment
 
I think this is a decent offer, any thoughts/suggestions?
#13 of 66
Re: GLK Lease Offer [trent_08] by crestonave
Mar 11, 2009 (1:23 am)
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Replying to: trent_08 (Mar 10, 2009 12:59 pm)

I'm no expert. but that offer looks pretty good compared with some of the other numbers I've seen tossed about. This is a zero down payment lease? Also could you share the money factor and the residual? Thanks, and good luck with the car if you decide to go ahead with the deal!
#14 of 66
Re: GLK Lease Offer [crestonave] by trent_08
Mar 11, 2009 (5:41 am)
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Replying to: crestonave (Mar 11, 2009 1:23 am)

Not sure on the money factor or residual number as I didn't see the breakout of the lease yet. Here is what I was quoted over email:
 
1st Month Payment 598.31
Acquisition Fee 795.00
Fees & Insurance 427.50
Upfront Taxes 96.44
Cap Reduction (Cash) 582.75
 
Total Out of Pocket 2,500.00
 
Payment Information
Final Payment 598.31
 
So it looks like $582 would be the down payment.
#15 of 66
Re: GLK Lease Offer [trent_08] by crestonave
Mar 12, 2009 (1:28 am)
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Replying to: trent_08 (Mar 11, 2009 5:41 am)

Thanks for sharing that information with me. There are only 96.44 in taxes included in your 2500 out of pocket. Does this mean that the 598.31 monthly payment includes the remainder of the sales taxes?
#16 of 66
Re: March lease programs [archmod] by Car_man HOST
Mar 12, 2009 (2:22 am)
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Replying to: archmod (Mar 02, 2009 10:58 pm)

Hi archmod. Here's the information that you are looking for. Mercedes-Benz Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GLK350 with 15,000 miles per year are .00197 and 51%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#17 of 66
by b4z
Mar 15, 2009 (7:10 am)
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Both audi and mb are charging a lease turn in fee of around $500. I've never seen this before with the Gm vehicles i have leased.
#18 of 66
Re: GLK Lease Offer [trent_08] by larry124
Mar 16, 2009 (7:38 am)
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Replying to: trent_08 (Mar 10, 2009 12:59 pm)

hi,
 
could you please tell me which dealer and sales rep you dealt with - i am also in nj (northern) but your deal seems good ...
 
would greatly appreciate it
 
thanks
 
you can email me at
 
funnyguynot444aol.com
#19 of 66
Re: GLK Lease Offer [trent_08] by spenser99
Mar 16, 2009 (11:24 am)
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Replying to: trent_08 (Mar 10, 2009 12:59 pm)

I just leased same car (silver) 2 weeks ago in So Cal with 20" chrome wheels & Ipod integration , 10k miles for $41,653; $583/mo $2500 drive off. Based on my experience I think you have a good deal since I could not get 2 dealers to go any lower.

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