2016 Mercedes GL550 Lease/MF?
 

Hello. I'm hoping to get some advice.

I'm looking to either lease or finance a '16 GL550. MSRP for the two I'm looking at is $96K. Test drove two of them yesterday and was very impressed. I'm coming from a RRS. And admittedly the build and quality level of the 550 was much nicer than the new FFRR.

Anyway, I was quoted .00295 MF for the 550. Is that normal? Seemed crazy high. And there are a lot of them around. I'm in San Francisco.

Anyone know or have an idea what I should expect? Residual was 57%.

Thank you everyone! :-)

Got my answer last night.

We drove home with a brand new 2016 GL550 Polar White w/Black/burl walnut and couldn't be happier. Twenty-six delivery miles. Traded in a '13 RRS HSE Luxury which we loved, but were growing out of very quickly.

San Francisco Mercedes Benz was nothing but a pleasure to work with, this is our second Mecedes from them.

Will post pics later and provide first impressions.

That money factor works out to a 7% interest or so loan right?

Don't want to get into too many details but the deal was so good it was a no-brainer. We were able to negotiate the MSRP down quite a bit. And the MF and residual was extremely competitive. One of the best buying experiences I've had in a long, long time.

I am looking for one now. how much below MSRP if you don't mind sharing? The dealer I have talked to will not do anything lower than MSRP, saying the demands are too high and benz not making enough??