Am I getting a good deal?
07-22-2014, 05:25 PM
#1
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2014 GL
Am I getting a good deal?
So, I am looking to lease a 2014 GL450.
The dealer is offering $889/month for $12K miles.
Car has:
Palladium grey
101 MB Tex (black)
P01
235 Parktronic
289 Wood steering wheel
322 Appearance package
413 Pano sunroof
734 Eucalyptus Trim
810 H-K system with subwoofer
843 Power easy/Entry
864 Rear entertainment system
993 Blind spot assist
Definitely missing the keyless go and Xenon headlights (can't believe this isn't standard yet), but I realize there's limited selection.
MSRP: $77,940. 62% residual. I think he said that he was giving it at about $72K, which includes an AMA discount.
Is this a good deal? Anything else I can try to negotiate (price?, service? etc???)
Any information would be helpful.
The dealer is offering $889/month for $12K miles.
Car has:
Palladium grey
101 MB Tex (black)
P01
235 Parktronic
289 Wood steering wheel
322 Appearance package
413 Pano sunroof
734 Eucalyptus Trim
810 H-K system with subwoofer
843 Power easy/Entry
864 Rear entertainment system
993 Blind spot assist
Definitely missing the keyless go and Xenon headlights (can't believe this isn't standard yet), but I realize there's limited selection.
MSRP: $77,940. 62% residual. I think he said that he was giving it at about $72K, which includes an AMA discount.
Is this a good deal? Anything else I can try to negotiate (price?, service? etc???)
Any information would be helpful.
07-22-2014, 10:26 PM
#5
MBWorld Fanatic!
Why lease a 2014 when 2015's are just a few weeks away ?
New model years are introduced for Fall/Sept delivery let's say ... so 2/3 yrs from now you will be leasing "tailend" again.. when do you expect to catch up with new/new - which frankly is the advantage of a new/new MY lease ?
Is it the 5-6-7 weeks you can't wait to get a new car - or is it a few $$ ?
New model years are introduced for Fall/Sept delivery let's say ... so 2/3 yrs from now you will be leasing "tailend" again.. when do you expect to catch up with new/new - which frankly is the advantage of a new/new MY lease ?
Is it the 5-6-7 weeks you can't wait to get a new car - or is it a few $$ ?
07-23-2014, 04:58 PM
#7
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2014 gl350
That's a pretty good deal. I actually picked up a GL350 last night and ended up purchasing since the 3yr lease was $1100. The money factor was .00220 which is high. I'd grab that if it'll work for you.
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07-23-2014, 05:28 PM
#8
Senior Member
Yeah $1100 with money down. $889 is an amazing deal with zero money down and including tax.
Is there a trade in involved? Sounds too good to be true.
Is there a trade in involved? Sounds too good to be true.
07-27-2014, 04:27 PM
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2014 GL
Thanks for the advice from everyone.
So, I was wrong about taxes being included. It was pretax. I still got it as my wife really liked it. I did the single payment to drop the payments down to $804.
I appreciate everyone's help.
I look forward with interacting I with all of you as I get to know my car better.
A
So, I was wrong about taxes being included. It was pretax. I still got it as my wife really liked it. I did the single payment to drop the payments down to $804.
I appreciate everyone's help.
I look forward with interacting I with all of you as I get to know my car better.
A
07-29-2014, 12:51 AM
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CONGRATS!!!
Can you please provide details of the lease: MSRP, capitalized cost MF, residual, tax percent. Thanks!
Can you please provide details of the lease: MSRP, capitalized cost MF, residual, tax percent. Thanks!
Thanks for the advice from everyone.
So, I was wrong about taxes being included. It was pretax. I still got it as my wife really liked it. I did the single payment to drop the payments down to $804.
I appreciate everyone's help.
I look forward with interacting I with all of you as I get to know my car better.
A
So, I was wrong about taxes being included. It was pretax. I still got it as my wife really liked it. I did the single payment to drop the payments down to $804.
I appreciate everyone's help.
I look forward with interacting I with all of you as I get to know my car better.
A
07-29-2014, 09:07 AM
#15
Senior Member
07-30-2014, 12:12 AM
#16
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2014 GL
$889 was for 12k and 36 months
Msrp: $77,940
Net capital cost was about $72.5, which includes a $2K AMA discount.
Money factor was 1.7
Residual value was 62%
Buy out price is $48K
Doing a single pay lease dropped the money factor to 1, and my lease payment went to $804.
I had to pay 8.875% sales tax. Plus, I bought the tire package and the prepaid maintenance, which raised the price.
Definitely love the car. I am annoyed about he lack of keyless go and xenon lights. It's bothering me a lot more than I realized. After 5 years of walking up to my Lexus without having to find a key, I do feel like I'm "roughing it" a bit. The lighting is a little annoying, but I think I'll be fine with that. The sales guy said xenon lights were outdated tech as everyone is moving to LED. I quickly pointed out to him that means I am getting tech that is 2 generations old. Even my 15 year old Acura had that as standard equipment.
Overall though, my wife loves the panoramic sunroof and the rear entertainment system was a bonus. It's definitely an incredible car -far better than anything else I've ever owned.
Msrp: $77,940
Net capital cost was about $72.5, which includes a $2K AMA discount.
Money factor was 1.7
Residual value was 62%
Buy out price is $48K
Doing a single pay lease dropped the money factor to 1, and my lease payment went to $804.
I had to pay 8.875% sales tax. Plus, I bought the tire package and the prepaid maintenance, which raised the price.
Definitely love the car. I am annoyed about he lack of keyless go and xenon lights. It's bothering me a lot more than I realized. After 5 years of walking up to my Lexus without having to find a key, I do feel like I'm "roughing it" a bit. The lighting is a little annoying, but I think I'll be fine with that. The sales guy said xenon lights were outdated tech as everyone is moving to LED. I quickly pointed out to him that means I am getting tech that is 2 generations old. Even my 15 year old Acura had that as standard equipment.
Overall though, my wife loves the panoramic sunroof and the rear entertainment system was a bonus. It's definitely an incredible car -far better than anything else I've ever owned.
08-01-2014, 12:12 AM
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Thank you so much for the response. Does the $72.5k net capital cost include the tire and maintenance package, and the taxes, or were each of those paid separately in cash?
I agree with you on Keyless Go spoiling one. But you got an outstanding deal on a great car. Congrats again and enjoy in good health!!!
I agree with you on Keyless Go spoiling one. But you got an outstanding deal on a great car. Congrats again and enjoy in good health!!!
$889 was for 12k and 36 months
Msrp: $77,940
Net capital cost was about $72.5, which includes a $2K AMA discount.
Money factor was 1.7
Residual value was 62%
Buy out price is $48K
Doing a single pay lease dropped the money factor to 1, and my lease payment went to $804.
I had to pay 8.875% sales tax. Plus, I bought the tire package and the prepaid maintenance, which raised the price.
Definitely love the car. I am annoyed about he lack of keyless go and xenon lights. It's bothering me a lot more than I realized. After 5 years of walking up to my Lexus without having to find a key, I do feel like I'm "roughing it" a bit. The lighting is a little annoying, but I think I'll be fine with that. The sales guy said xenon lights were outdated tech as everyone is moving to LED. I quickly pointed out to him that means I am getting tech that is 2 generations old. Even my 15 year old Acura had that as standard equipment.
Overall though, my wife loves the panoramic sunroof and the rear entertainment system was a bonus. It's definitely an incredible car -far better than anything else I've ever owned.
Msrp: $77,940
Net capital cost was about $72.5, which includes a $2K AMA discount.
Money factor was 1.7
Residual value was 62%
Buy out price is $48K
Doing a single pay lease dropped the money factor to 1, and my lease payment went to $804.
I had to pay 8.875% sales tax. Plus, I bought the tire package and the prepaid maintenance, which raised the price.
Definitely love the car. I am annoyed about he lack of keyless go and xenon lights. It's bothering me a lot more than I realized. After 5 years of walking up to my Lexus without having to find a key, I do feel like I'm "roughing it" a bit. The lighting is a little annoying, but I think I'll be fine with that. The sales guy said xenon lights were outdated tech as everyone is moving to LED. I quickly pointed out to him that means I am getting tech that is 2 generations old. Even my 15 year old Acura had that as standard equipment.
Overall though, my wife loves the panoramic sunroof and the rear entertainment system was a bonus. It's definitely an incredible car -far better than anything else I've ever owned.
Last edited by fq1; 08-01-2014 at 12:17 AM.
