aeggroup

Hi.

I got the offer from my dealer yesterday. They offer me 2012 GL350, MSRP $75K. Almost fully loaded....P2, Blind Spot, Parktronic, Rear DVD etc...Black/cashmere MB Tex. They want my 2011 GL350 ( 15K miles on odo), which MSRP was $72,500 plus $4K. My monthly payment (the term as original) will be $5 more...financing 1.9% for 66 months. Would you do it ? Please advice.

Thanks.

wally AMG

For $5.00 more? yes, why not, but what will be difference on a 2013? Style change on 2013, if you don't care about it I will jump one year for $5.00 more...

alx

Your truck is worth 58k. They will retail it for 62-64k.

There are 12k trunk money give or take on the 2012s.

They are selling you the new truck at msrp minus trunk money. Tell them 2k your own money and it is a go

Noi4

Excuse me for my response,

But what are you saying, caz I don't get the numbers your dishing out be specific please.

So far what I got was that you
currenty own a '11 GL350 that Msrp'ed at $72,5xx.
The car you were offered is a '12 GL350 that Msrp'ed at $75,xxx.
They want $4k on top of your trade in for 1.9% apr for 66 months.

Question:

What is their sale price to you on the new vehicle aka the 12 GL?

Advice:

If the price is anything higher than MSRP-11k ($64,xxx), you should walk as this is the trunk money from mb to the dealer is ranging from 11-15 depending on location.

Try outside financing, as I think the offer is 1.9% apr for 60 months is good but better can be found outside.

Finally what are they offering for your trade? Try private selling or sell it elsewhere, since i believe they are ripping u off. Just a hunch I don't know.

aeggroup

Selling price is $63,500. Trade in value is not as simple as it sounds. You should consider the tax saving, when you trade in a car.

Noi4

To each his own,

If you feel that you're getting a good deal then, your getting a good deal as it meets your expectations in price, comfort, and convenience. If you purchased your 2011 GL, and buying a 2012, your gonna take a huge hit on depreciation, and on top of that your getting essentially the same car. Your saving on tax as you said, but losing on the bigger dollar amount which is your financed amount versus trade in value. I would try a couple more off Msrp. But again if it's meets expectations then it good!

Good luck and have fun with the new ride!

JimBarnhart

I get e-mails from MB once in awhile with similar offers. I think it's important to look at the numbers. You've paid for one year on your current vehicle so have to consider that.

ALX essentially is doing what you should do. Look at the payoff of your loan. Look at the trade-in value of your vehicle (try kbb.com or nada.com). That tells you the equity you have in your current car.

Then assume you can probably get a $75K vehicle for around $62K right now. Subtract your equity from the $62K and look up a loan for the terms you specified with a loan payment calculator. Compare that payment to what they are offering and you'll see if they are in the ballpark.

alx

Spot on.

aeggroup

Thank you all for your replies. I decided to skip this deal for now. I think it's better to wait for 7-10 months, sell it and get a new model. My car will lose value much less than the new one I would buy.

Thanks and good luck to all of you.