Lease advice on GL550
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Newbie
Joined: Sep 2007
Posts: 14
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From: kpao
SR22
Lease advice on GL550
ok im offered $1000 over invoice. so roughly $78,000.00 on a loaded truck.
i ask for best monthly rate. 36 months. 0 down. 12000 miles a year.
the range is all over from the dozen or so dealers that i went out to "bid" online....from $1200 to $1700 a month, tax included.
i like $1200 a month, 0 down, 36 months. drive off just add license i believe.
what is everyone else getting? and is this a fair deal to all parties involved? i hate grinding, wont do it, just want a fair deal. dealers need to make money, i want a good deal, thats it.
thank you in advance
phish
i ask for best monthly rate. 36 months. 0 down. 12000 miles a year.
the range is all over from the dozen or so dealers that i went out to "bid" online....from $1200 to $1700 a month, tax included.
i like $1200 a month, 0 down, 36 months. drive off just add license i believe.
what is everyone else getting? and is this a fair deal to all parties involved? i hate grinding, wont do it, just want a fair deal. dealers need to make money, i want a good deal, thats it.
thank you in advance
phish
MBWorld Fanatic!
Joined: Aug 2003
Posts: 5,517
Likes: 20
From: Las Vegas, NV
2011 E350 Cabriolet..White and Almond Mocha
ok im offered $1000 over invoice. so roughly $78,000.00 on a loaded truck.
i ask for best monthly rate. 36 months. 0 down. 12000 miles a year.
the range is all over from the dozen or so dealers that i went out to "bid" online....from $1200 to $1700 a month, tax included.
i like $1200 a month, 0 down, 36 months. drive off just add license i believe.
what is everyone else getting? and is this a fair deal to all parties involved? i hate grinding, wont do it, just want a fair deal. dealers need to make money, i want a good deal, thats it.
thank you in advance
phish
i ask for best monthly rate. 36 months. 0 down. 12000 miles a year.
the range is all over from the dozen or so dealers that i went out to "bid" online....from $1200 to $1700 a month, tax included.
i like $1200 a month, 0 down, 36 months. drive off just add license i believe.
what is everyone else getting? and is this a fair deal to all parties involved? i hate grinding, wont do it, just want a fair deal. dealers need to make money, i want a good deal, thats it.
thank you in advance
phish
Leases are like the dark...you never know what is in there unless you have all the lights on. Do your homework and do a google search on Auto Leases and find out the various factors that make up the payment. Then go to your best offer and discuss with the dealer what factors he is using in coming to his payment figure.
No one can tell you based on your provided information whether you have a good deal or are being scammed. Good luck.
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Posts: 2,244
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From: Scottsdale, AZ
2004 RX330, 2008 Scion xB, 2001 Honda Insight Hybrid, 2010 Toyot Prius v ATP
Thread Starter
Newbie
Joined: Sep 2007
Posts: 14
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From: kpao
SR22
so its $1500 over invoice. i can get it for $1000 if i work it some more. great dealer im working with, very happy, they like the internet thing...
this is how i started, i sent this email out to a dozen dealers:
GL550
silver ext
black int
rear dvd
36 months
0 down
credit is 780+
$1000 over invoice deal
what me to start?
$1000 a month?
and this is what i got (out of many this was the lowest):
2008 GL550
Iridium Silver
Black Leather
iPod Integration
Trailer Hitch
MSRP: $78,635
Invoice: $73,916
Selling Price: $75,400
Monthly Lease payment: $1099 + tax
and another:
2008 GL550
Iridium Silver
Black Leather
iPod Integration
Trailer Hitch
Rear Seat Entertainment
MSRP: $81,305
Selling Price: $77,900
Your payment would be about $50 more than I originally quoted.
voila.
edit:
what do you fly steve the pilot?
this is how i started, i sent this email out to a dozen dealers:
GL550
silver ext
black int
rear dvd
36 months
0 down
credit is 780+
$1000 over invoice deal
what me to start?
$1000 a month?
and this is what i got (out of many this was the lowest):
2008 GL550
Iridium Silver
Black Leather
iPod Integration
Trailer Hitch
MSRP: $78,635
Invoice: $73,916
Selling Price: $75,400
Monthly Lease payment: $1099 + tax
and another:
2008 GL550
Iridium Silver
Black Leather
iPod Integration
Trailer Hitch
Rear Seat Entertainment
MSRP: $81,305
Selling Price: $77,900
Your payment would be about $50 more than I originally quoted.
voila.
edit:
what do you fly steve the pilot?
Member
Joined: Aug 2007
Posts: 115
Likes: 0
GL450
Here are the MB September Lease numbers from the another part of these forums:
2008 Mercedes GL550 Wagon
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
24 Month – Residual 62% of MSRP – .00400 Base Rate
36 Month – Residual 54% of MSRP – .00365 Base Rate
48 Month – Residual 43% of MSRP – .00365 Base Rate
60 Month – Residual 38% of MSRP – .00365 Base Rate
Plug your numbers into here with the best price you can negotiate:
http://www.leaseguide.com/calc.htm
That will give you an idea of what the best numbers you can get.
2008 Mercedes GL550 Wagon
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
24 Month – Residual 62% of MSRP – .00400 Base Rate
36 Month – Residual 54% of MSRP – .00365 Base Rate
48 Month – Residual 43% of MSRP – .00365 Base Rate
60 Month – Residual 38% of MSRP – .00365 Base Rate
Plug your numbers into here with the best price you can negotiate:
http://www.leaseguide.com/calc.htm
That will give you an idea of what the best numbers you can get.
Last edited by 85mm; Sep 30, 2007 at 08:29 PM.
Super Member
Joined: Sep 2006
Posts: 553
Likes: 221
19 X3, 24 Tacoma Trailhunter, 25 CLE53
If you are willing to wait until Jan-Feb, I suspect those lease numbers will improve. I did a 51mo-12k/yr lease last Feb on my GL450 and had a residual of 0.53 and MF of 0.00235. The current factors would have increased my payments by $207/mo.
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MBWorld Fanatic!
Joined: Feb 2007
Posts: 2,548
Likes: 3
From: LA LA Land
'07 GL 450, '02 S 80 T6
Originally Posted by dunderhi
If you are willing to wait until Jan-Feb, I suspect those lease numbers will improve. I did a 51mo-12k/yr lease last Feb on my GL450 and had a residual of 0.53 and MF of 0.00235. The current factors would have increased my payments by $207/mo.
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Thread Starter
Newbie
Joined: Sep 2007
Posts: 14
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From: kpao
SR22
leasing a gl550 right now doesnt pencil out in my book. too bad ill just have to pay cash.
so im looking for a $1000 under invoice deal on a black/black gl550 with rear dvd for the kiddies.
any takers in the san jose area pm me.
so im looking for a $1000 under invoice deal on a black/black gl550 with rear dvd for the kiddies.
any takers in the san jose area pm me.
Senior Member
Joined: Sep 2007
Posts: 362
Likes: 0
From: Minnesota
2008 GL 320 CDI Black/Black
Oct 1 Lease
Here are the MB September Lease numbers from the another part of these forums:
2008 Mercedes GL550 Wagon
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
24 Month – Residual 62% of MSRP – .00400 Base Rate
36 Month – Residual 54% of MSRP – .00365 Base Rate
48 Month – Residual 43% of MSRP – .00365 Base Rate
60 Month – Residual 38% of MSRP – .00365 Base Rate
Plug your numbers into here with the best price you can negotiate:
http://www.leaseguide.com/calc.htm
That will give you an idea of what the best numbers you can get.
2008 Mercedes GL550 Wagon
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
24 Month – Residual 62% of MSRP – .00400 Base Rate
36 Month – Residual 54% of MSRP – .00365 Base Rate
48 Month – Residual 43% of MSRP – .00365 Base Rate
60 Month – Residual 38% of MSRP – .00365 Base Rate
Plug your numbers into here with the best price you can negotiate:
http://www.leaseguide.com/calc.htm
That will give you an idea of what the best numbers you can get.
62% residual on a 33 month lease with a .00235 money factor on 12K a year on Oct 1, 2008. The money factors above are pretty high and the residuals seem weak for any MB. Think about it...is your car going to be worth more than 54% of retail in 3 years? Hell ya, it's an MB! Remember finance companies/dealers can lease you a car at any rate they want! - you just need to be knowledgeable about what you are getting into when you lease. Our state has a law where they have to disclose all info on a lease...as leasing is known as an area dealers can really make some serious coin...
The true residuals get worse through the model year of the vehicle. They will never get better. They are the best at launch of the new model year and progressively get worse. However money factors (interest they charge to carry the lease) will change as that is the bargaining chip for dealers/manufacturers. So a lower residual with a great money factor can still be a nice deal for you.
Last edited by BJ021; Oct 20, 2007 at 12:35 AM.
MBWorld Fanatic!
Joined: Feb 2007
Posts: 2,548
Likes: 3
From: LA LA Land
'07 GL 450, '02 S 80 T6
That is not secret, BJ, that dealers will give you a low residual and a high money factor 
Unless you know how a lease works it is very easy to get taken by this "low/high" combo. One of the most common tricks is "fine we'll increase your residual by x% but we do need to increase the money also". Guess who comes out on the losing end in the long run.
My question is what do you guys think is a realistic residual for a 24 mo and 36 mo lease? Let's assume 15K miles.
Unless you know how a lease works it is very easy to get taken by this "low/high" combo. One of the most common tricks is "fine we'll increase your residual by x% but we do need to increase the money also". Guess who comes out on the losing end in the long run.My question is what do you guys think is a realistic residual for a 24 mo and 36 mo lease? Let's assume 15K miles.
Newbie
Joined: Jul 2007
Posts: 17
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gl 550 ob/black
looking forward to thoughts on this. i have a ob black gl550on order for 1000 over invoice. should arrive mid november. would need 15k miles with lease, but trying to decide on lease vs purchase. would likely keep 3- 4 years if purchased.
this forum has been very educational. thanks to all
this forum has been very educational. thanks to all
