GL450 v GL550 lease rates
Thread Starter
Newbie
Joined: Sep 2007
Posts: 8
Likes: 0
From: NY
ml430
GL450 v GL550 lease rates
I did not get any responses from my earlier question regarding lease rates on the 550, so I dug out my notes from my meeting with my dealer.
42 month lease - GL450 (ALL packages, door sills and Ipod integration) MSRP $74,180.00 with 12k miles per year, residual was .52 or $38,573.60 money factor .002 or 4.8% with a monthly payment of $1,065 with $5,578 cash at signing.
GL550 - MSRP $78,675 (door sills, ipod)12K per year, residual was.48 or $37,764, money factor .0037 or 8.9% with a monthly payment of $1521.67 with $7,965 cash at signing.
They also offered a purchase option on the GL550 at 7.5% for 60 months with 16k down that resulted in a payment of $1,534 per month.
I analyzed these myself in excel and they do not make sense, I get about a $200 per month difference on the 550 vs the 450 based on the different money factors and residuals. If anyone has any other numbers please share, these were from September.
42 month lease - GL450 (ALL packages, door sills and Ipod integration) MSRP $74,180.00 with 12k miles per year, residual was .52 or $38,573.60 money factor .002 or 4.8% with a monthly payment of $1,065 with $5,578 cash at signing.
GL550 - MSRP $78,675 (door sills, ipod)12K per year, residual was.48 or $37,764, money factor .0037 or 8.9% with a monthly payment of $1521.67 with $7,965 cash at signing.
They also offered a purchase option on the GL550 at 7.5% for 60 months with 16k down that resulted in a payment of $1,534 per month.
I analyzed these myself in excel and they do not make sense, I get about a $200 per month difference on the 550 vs the 450 based on the different money factors and residuals. If anyone has any other numbers please share, these were from September.
Senior Member
Joined: Jul 2007
Posts: 297
Likes: 4
From: Bay Area CA
2014 GL 350 blue tec
I did not get any responses from my earlier question regarding lease rates on the 550, so I dug out my notes from my meeting with my dealer.
42 month lease - GL450 (ALL packages, door sills and Ipod integration) MSRP $74,180.00 with 12k miles per year, residual was .52 or $38,573.60 money factor .002 or 4.8% with a monthly payment of $1,065 with $5,578 cash at signing.
GL550 - MSRP $78,675 (door sills, ipod)12K per year, residual was.48 or $37,764, money factor .0037 or 8.9% with a monthly payment of $1521.67 with $7,965 cash at signing.
They also offered a purchase option on the GL550 at 7.5% for 60 months with 16k down that resulted in a payment of $1,534 per month.
I analyzed these myself in excel and they do not make sense, I get about a $200 per month difference on the 550 vs the 450 based on the different money factors and residuals. If anyone has any other numbers please share, these were from September.
42 month lease - GL450 (ALL packages, door sills and Ipod integration) MSRP $74,180.00 with 12k miles per year, residual was .52 or $38,573.60 money factor .002 or 4.8% with a monthly payment of $1,065 with $5,578 cash at signing.
GL550 - MSRP $78,675 (door sills, ipod)12K per year, residual was.48 or $37,764, money factor .0037 or 8.9% with a monthly payment of $1521.67 with $7,965 cash at signing.
They also offered a purchase option on the GL550 at 7.5% for 60 months with 16k down that resulted in a payment of $1,534 per month.
I analyzed these myself in excel and they do not make sense, I get about a $200 per month difference on the 550 vs the 450 based on the different money factors and residuals. If anyone has any other numbers please share, these were from September.
Ok here are my rough calculations ( not knowing dealer acquisition fees, sales tax rate and calculations in NY etc etc). It seems numbers are correct for GL 450 (close enough anyways) but they are suspect for GL 550 (should be around $1340) unless he gave you those numbers for 36 month lease term for 550.
For purchase, with 16 K downpayment at 7.5 % for 60 months (I assumed 8% sales tax and $ 700 for license and registration) the payments should be $1396 per month..
Hope this helps.
Thread Starter
Newbie
Joined: Sep 2007
Posts: 8
Likes: 0
From: NY
ml430
my calculations
Thanks for the info, I think they were padding the GL550 numbers since I waited until these were available and they knew that was my main interest. I'm going to go to another dealer in NJ and see how things compare, I'll post the results.
Thanx
Thanx
Junior Member
Joined: Feb 2007
Posts: 42
Likes: 0
From: central IL
08 GL 450 / 09 ml 320 / 10 ml350
MONEY FACTOR ON MY GL 450 LAST WEEK WAS .0018 OR I THINK 3.9% THEY EXTENDED THAT until january. put 9000 down and got it for 770 per month
Last edited by toothdr; Dec 4, 2007 at 08:48 PM.
Member
Joined: Mar 2007
Posts: 226
Likes: 0
From: South of the Mason Dixon, North of the Gulf
2007 GL 320 CDI, 2008 M5
I did not get any responses from my earlier question regarding lease rates on the 550, so I dug out my notes from my meeting with my dealer.
42 month lease - GL450 (ALL packages, door sills and Ipod integration) MSRP $74,180.00 with 12k miles per year, residual was .52 or $38,573.60 money factor .002 or 4.8% with a monthly payment of $1,065 with $5,578 cash at signing.
GL550 - MSRP $78,675 (door sills, ipod)12K per year, residual was.48 or $37,764, money factor .0037 or 8.9% with a monthly payment of $1521.67 with $7,965 cash at signing.
They also offered a purchase option on the GL550 at 7.5% for 60 months with 16k down that resulted in a payment of $1,534 per month.
I analyzed these myself in excel and they do not make sense, I get about a $200 per month difference on the 550 vs the 450 based on the different money factors and residuals. If anyone has any other numbers please share, these were from September.
42 month lease - GL450 (ALL packages, door sills and Ipod integration) MSRP $74,180.00 with 12k miles per year, residual was .52 or $38,573.60 money factor .002 or 4.8% with a monthly payment of $1,065 with $5,578 cash at signing.
GL550 - MSRP $78,675 (door sills, ipod)12K per year, residual was.48 or $37,764, money factor .0037 or 8.9% with a monthly payment of $1521.67 with $7,965 cash at signing.
They also offered a purchase option on the GL550 at 7.5% for 60 months with 16k down that resulted in a payment of $1,534 per month.
I analyzed these myself in excel and they do not make sense, I get about a $200 per month difference on the 550 vs the 450 based on the different money factors and residuals. If anyone has any other numbers please share, these were from September.
Why don't you just buy the damn the thing?
Thread Starter
Newbie
Joined: Sep 2007
Posts: 8
Likes: 0
From: NY
ml430
Lease vs. buy
I agree that buying makes the most sense and I bought my ML430, but I endured an IRS audit in the process, I had about a 93% business use that I was able to justify with copies of my driver's log, so it worked out in the end but it was a hassle. So my reasons not to buy are on advice from accountant and resale value of the 550 in the future, assuming more advanced engines come out. THe fact that MBUSA assumes that the 550 has 4% less value at the end of a 42 month lease compared to the 450 is somewhat worrisome as they know what products are in the pipeline. Also, if the ML line is any indication, changes that were made for the top of the line models usually found there way to the other models either as standard items or as options. in the following years which will again diminish some of the uniqueness of the 550 and I don't care for this practice. One of the reasons we like the 550 is that it is different, when that disappers, so do the sales.
Trending Topics
Senior Member
Joined: Jul 2007
Posts: 297
Likes: 4
From: Bay Area CA
2014 GL 350 blue tec
Not sure how strong a correlation there is between what they set for residual value vs what the real world depreciation would be.. I do not see any logic in higher residual values for 450 compared to either 320s or 550s. The only explanation is they want much more attractive lease terms for 450 compared to the other models as they are having trouble selling 450s.. if anything 320 should have higher residual values as they are in high demand and diesels last for ever.
MB World Stories
The Best of Mercedes & AMG
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
10 Most Reliable Mercedes-Benz Models You Can Buy Used
Verdad Gallardo
Newbie
Joined: Dec 2007
Posts: 5
Likes: 0
2013 GL450
Lease GL320 vs GL450
GL320
61%/0.00190/33m/12K
MSRP: $64585 Selling Price: $61600
$891.90/m Initial Payment: $3,198
GL450
33m/12K
MSRP: $67,085 Selling Price: $62,864.25
$840.54/m Inithial Payment: $3033.65
I'm considering to lease GL450. Before I quoted the rate, I almost decided that I would lease GL320. As you can see, I don't have any reason not to lease GL450 except mileage.
What do you think?
Last edited by koool6; Dec 7, 2007 at 04:24 PM.
Senior Member
Joined: Jul 2007
Posts: 297
Likes: 4
From: Bay Area CA
2014 GL 350 blue tec
I got a quote for GL320 and GL450 yesterday. ($0 down, Tax included)
GL320
61%/0.00190/33m/12K
MSRP: $64585 Selling Price: $61600
$891.90/m Initial Payment: $3,198
GL450
33m/12K
MSRP: $67,085 Selling Price: $62,864.25
$840.54/m Inithial Payment: $3033.65
I'm considering to lease GL450. Before I quoted the rate, I almost decided that I would lease GL320. As you can see, I don't have any reason not to lease GL450 except mileage.
What do you think?
GL320
61%/0.00190/33m/12K
MSRP: $64585 Selling Price: $61600
$891.90/m Initial Payment: $3,198
GL450
33m/12K
MSRP: $67,085 Selling Price: $62,864.25
$840.54/m Inithial Payment: $3033.65
I'm considering to lease GL450. Before I quoted the rate, I almost decided that I would lease GL320. As you can see, I don't have any reason not to lease GL450 except mileage.
What do you think?
Newbie
Joined: Dec 2007
Posts: 5
Likes: 0
2013 GL450
Seems you are getting a better discount on GL 450. Does 450 have more options? I know at one point MBs base price on 320 was $ 1500 or $ 2500lower than 450s. If mileage is not an issue for you then go for 450. But see if you can negotiate more. Seems MB has been giving special incentives on 450s ever since 550s came out.
I'll try to negotiate more.
Senior Member
Joined: Jul 2007
Posts: 297
Likes: 4
From: Bay Area CA
2014 GL 350 blue tec
Newbie
Joined: Nov 2007
Posts: 24
Likes: 0
I'm just walking through town
GL320
61%/0.00190/33m/12K
MSRP: $64585 Selling Price: $61600
$891.90/m Initial Payment: $3,198
Looks to be a good deal on the 320, I bet you could do a bit better on the 450. Did you look at anyother mileage options?
61%/0.00190/33m/12K
MSRP: $64585 Selling Price: $61600
$891.90/m Initial Payment: $3,198
Looks to be a good deal on the 320, I bet you could do a bit better on the 450. Did you look at anyother mileage options?
Newbie
Joined: Dec 2007
Posts: 5
Likes: 0
2013 GL450
2008 GL450 lease
I went to dealer, and I got the final quote.
Packages have been upgraded to P2, Heating, 19" wheel, Running board, Keyless go, Ipod kit, and Voice Control. MSRP is $69,710.
(I don't need voice control, but better than trailer hitch for me.)
It's Black/Black GL450.
63%/0.00180/33m/12k
$872.00 Initial Payment $3,300
The problem is the car is located on Indianapolis, so I should pay for shipping of $800.
Since GL450 with Heating pkg is rear, choice was limited.
If the dealer can trade the car, I'll get it probably within 2 weeks.
I'm so excited. 
Packages have been upgraded to P2, Heating, 19" wheel, Running board, Keyless go, Ipod kit, and Voice Control. MSRP is $69,710.
(I don't need voice control, but better than trailer hitch for me.)
It's Black/Black GL450.
63%/0.00180/33m/12k
$872.00 Initial Payment $3,300
The problem is the car is located on Indianapolis, so I should pay for shipping of $800.
Since GL450 with Heating pkg is rear, choice was limited.
If the dealer can trade the car, I'll get it probably within 2 weeks.
I'm so excited.
Newbie
Joined: Dec 2007
Posts: 5
Likes: 0
2013 GL450
Though I considered to visit there, at least 2 hours driving stops me.
Senior Member
Joined: Jul 2007
Posts: 297
Likes: 4
From: Bay Area CA
2014 GL 350 blue tec
I went to dealer, and I got the final quote.
Packages have been upgraded to P2, Heating, 19" wheel, Running board, Keyless go, Ipod kit, and Voice Control. MSRP is $69,710.
(I don't need voice control, but better than trailer hitch for me.)
It's Black/Black GL450.
63%/0.00180/33m/12k
$872.00 Initial Payment $3,300
The problem is the car is located on Indianapolis, so I should pay for shipping of $800.
Since GL450 with Heating pkg is rear, choice was limited.
If the dealer can trade the car, I'll get it probably within 2 weeks.
I'm so excited.
Packages have been upgraded to P2, Heating, 19" wheel, Running board, Keyless go, Ipod kit, and Voice Control. MSRP is $69,710.
(I don't need voice control, but better than trailer hitch for me.)
It's Black/Black GL450.
63%/0.00180/33m/12k
$872.00 Initial Payment $3,300
The problem is the car is located on Indianapolis, so I should pay for shipping of $800.
Since GL450 with Heating pkg is rear, choice was limited.
If the dealer can trade the car, I'll get it probably within 2 weeks.
I'm so excited.
Member
Joined: Jan 2005
Posts: 76
Likes: 8
From: IRVINE CA
19 E 450 wagon + 13 GL 550
I think you can do better. Maybe not in Florida I don't know about different states. I got mine in California (Fletcher Jones) Orange County!
08 GL 450
MSRP 69,920.00 (I think $69,9??)
$2500 Total out of pocket
33 month lease
10k per year
$741.00 Plus tax total
Free Mercedes Bluetooth adapter for the hands free system thrown in
I went to another dealer in the area to price shop and they did not believe I was getting that deal and told me to pretty much get lost and I did right back to there competetor and picked up the car that same night. The other dealer told me that either I was making up the deal or the other dealer was playing a game with me. But sure enough They were not. Anyway they are willing to make deals on these cars, Just be cool with the sales manager and stand firm and walk out if you have to, just tell them that you will go to another dealer to see what they will offer and they will make it happen. The last thing they want to see a potential sale walk out the door. Just tell them you are willing to by the car today if they do the deal you are looking for. If you have already test drove the car and know exactly what you want and they have the car on the lot - go straight to the sales manager and say I want that car this is what i think is a fair deal if you agree I will take it now. I did it and they had me out of there in less than an hour with the car bluetooth and no problems. Good Luck1
08 GL 450
MSRP 69,920.00 (I think $69,9??)
$2500 Total out of pocket
33 month lease
10k per year
$741.00 Plus tax total
Free Mercedes Bluetooth adapter for the hands free system thrown in
I went to another dealer in the area to price shop and they did not believe I was getting that deal and told me to pretty much get lost and I did right back to there competetor and picked up the car that same night. The other dealer told me that either I was making up the deal or the other dealer was playing a game with me. But sure enough They were not. Anyway they are willing to make deals on these cars, Just be cool with the sales manager and stand firm and walk out if you have to, just tell them that you will go to another dealer to see what they will offer and they will make it happen. The last thing they want to see a potential sale walk out the door. Just tell them you are willing to by the car today if they do the deal you are looking for. If you have already test drove the car and know exactly what you want and they have the car on the lot - go straight to the sales manager and say I want that car this is what i think is a fair deal if you agree I will take it now. I did it and they had me out of there in less than an hour with the car bluetooth and no problems. Good Luck1
Member
Joined: Jul 2004
Posts: 132
Likes: 0
well,
MB GL 450 white Premium II, plus boards, hitch, voice, sills, etc, 70k car
$5,500 down
$769/mo
33 mos
not having the wife ***** that she wants a new car...priceless.
I think it's an OK deal...could have done a little better, but had no time.
We were actually shopping for a new Sequoia Platinum. MSRP 54,000...loaded to the max.
3 dealers...best deal I could find was 39 mos, 12k/yr, 786/mo plus tax with 3000 down. forget the others...one dealer had the ***** to tell me 9000 down on a lease for 690/mo plus taxes...amazing. I told him it's not a carerra, it's a toyota and to pound sand.
anyways, I think I got a MB450 for the same $ as the new sequoia.
MB GL 450 white Premium II, plus boards, hitch, voice, sills, etc, 70k car
$5,500 down
$769/mo
33 mos
not having the wife ***** that she wants a new car...priceless.
I think it's an OK deal...could have done a little better, but had no time.
We were actually shopping for a new Sequoia Platinum. MSRP 54,000...loaded to the max.
3 dealers...best deal I could find was 39 mos, 12k/yr, 786/mo plus tax with 3000 down. forget the others...one dealer had the ***** to tell me 9000 down on a lease for 690/mo plus taxes...amazing. I told him it's not a carerra, it's a toyota and to pound sand.
anyways, I think I got a MB450 for the same $ as the new sequoia.
Member
Joined: Mar 2007
Posts: 226
Likes: 0
From: South of the Mason Dixon, North of the Gulf
2007 GL 320 CDI, 2008 M5
well,
MB GL 450 white Premium II, plus boards, hitch, voice, sills, etc, 70k car
$5,500 down
$769/mo
33 mos
not having the wife ***** that she wants a new car...priceless.
I think it's an OK deal...could have done a little better, but had no time.
We were actually shopping for a new Sequoia Platinum. MSRP 54,000...loaded to the max.
3 dealers...best deal I could find was 39 mos, 12k/yr, 786/mo plus tax with 3000 down. forget the others...one dealer had the ***** to tell me 9000 down on a lease for 690/mo plus taxes...amazing. I told him it's not a carerra, it's a toyota and to pound sand.
anyways, I think I got a MB450 for the same $ as the new sequoia.
MB GL 450 white Premium II, plus boards, hitch, voice, sills, etc, 70k car
$5,500 down
$769/mo
33 mos
not having the wife ***** that she wants a new car...priceless.
I think it's an OK deal...could have done a little better, but had no time.
We were actually shopping for a new Sequoia Platinum. MSRP 54,000...loaded to the max.
3 dealers...best deal I could find was 39 mos, 12k/yr, 786/mo plus tax with 3000 down. forget the others...one dealer had the ***** to tell me 9000 down on a lease for 690/mo plus taxes...amazing. I told him it's not a carerra, it's a toyota and to pound sand.
anyways, I think I got a MB450 for the same $ as the new sequoia.
Love your GL. I love mine.
