Need suggestion with lease residual value
Thread Starter
Super Member
Joined: Feb 2002
Posts: 782
Likes: 6
From: Buffalo NY
3 Porsche rotation
Need suggestion with lease residual value
My 2007 GL450 lease is expiring at the end of June and I am considering buying it. The residual value is at $40,400.00. Mercedes Financial offers the buy out price of $38,400.00. What is the current fair market price for the GL450? I don't want to pay more than $35,000.00. Any suggestion will be greatly appreciated.
John
John
Member
Joined: Jun 2009
Posts: 130
Likes: 0
GL 450
Residual value
You have not mentioned miles and options on your vehicle ? It has lot to do with the miles and options/feature/color etc. Someone has posted here a national listing couple days ago, here it is
http://autos.yahoo.com/used-cars/mer...class-overview
In my opinion $38800 is not too bad given that you own this vehicle from the birth.
http://autos.yahoo.com/used-cars/mer...class-overview
In my opinion $38800 is not too bad given that you own this vehicle from the birth.
Member
Joined: Nov 2009
Posts: 107
Likes: 1
2010 GL350
I was struggling with that decision when my GL450 lease end last November. You can check out my post which had some good suggestion from the folks in the forum.
https://mbworld.org/forums/gl-class-...ed-advice.html
Fast forward, I decided to lease the 2010 GL350 instead. Not sure what options you have for the prices that you wanted to pay...
https://mbworld.org/forums/gl-class-...ed-advice.html
Fast forward, I decided to lease the 2010 GL350 instead. Not sure what options you have for the prices that you wanted to pay...
Thread Starter
Super Member
Joined: Feb 2002
Posts: 782
Likes: 6
From: Buffalo NY
3 Porsche rotation
My GL450 is in Barolo Red, 31K miles, MSRP at around $69K but got it for $63K, options include premium 2 package(keyless go, NAV, parktronic, etc), rear climate control, running board, MB Tex and others. TIA.
John
John
Super Member
Joined: Jul 2009
Posts: 814
Likes: 9
15 GL550
I think MB financial is making you a reasonable offer. Check out Edmunds.com and configure your GL. You have low miles. You would probably have a hard time finding one on the used market in good condition with those miles for $35k but I don't know that for sure.
Senior Member
Joined: Sep 2007
Posts: 362
Likes: 0
From: Minnesota
2008 GL 320 CDI Black/Black
They are going for over $40K for 2007's up in Minnesota. My '08 is up July 1...my residual is $41K and a pretty decent buy as mine has everything and similar on the market is high $40's to a few just over $50K. But I'm going to wait it out until they offer better. Then drive it for a year for free!
