Anyone talk Lease Rates?
Almost a Member!
Joined: Feb 2008
Posts: 28
Likes: 0
99 E320 sedan
working on 7500 m/yr lease for 39 months .56 residual .00197 money factor
got a couple dealers down to 1000 over invoice on cars with P1, Multi, leather, lights, paint -- around 48000 MSRP depending on other options
with no cap cost reduction
payments are around $620 - 630
got a couple dealers down to 1000 over invoice on cars with P1, Multi, leather, lights, paint -- around 48000 MSRP depending on other options
with no cap cost reduction
payments are around $620 - 630
Newbie
Joined: Jul 2006
Posts: 13
Likes: 4
From: California
GL450 Premier Edition
I haven't posted in a while, but am in the market again. Went to dealer to talk about GLK after receiving an email promo. $499/month 39 Month Lease, 10K Miles, $5000 down.
Went to dealer, of course they don't have a qualifying vehicle in stock, but ended up negotiating on a GLK, MSRP for $44,425.
Options:
Sport Package
Premium 1
Multimedia
Was able to get the lease down to
$649/month - 39 months
$4000 down
12K miles.
They told me my MF was .00225, Residual on 10K is 54%, 12K 52%.
What do you think?
From these numbers how do I calculate my purchase price?
Went to dealer, of course they don't have a qualifying vehicle in stock, but ended up negotiating on a GLK, MSRP for $44,425.
Options:
Sport Package
Premium 1
Multimedia
Was able to get the lease down to
$649/month - 39 months
$4000 down
12K miles.
They told me my MF was .00225, Residual on 10K is 54%, 12K 52%.
What do you think?
From these numbers how do I calculate my purchase price?
Almost a Member!
Joined: Feb 2008
Posts: 28
Likes: 0
99 E320 sedan
well they are definitely padding the money factor -- MB base rate is .00197
work the math using MSRP and see what you get? With that upfront money looks like you are putting down around $2000 deposit (reducing the cap)-- not a great idea for a lot of reasons....
work the math using MSRP and see what you get? With that upfront money looks like you are putting down around $2000 deposit (reducing the cap)-- not a great idea for a lot of reasons....
MBWorld Fanatic!
Joined: Feb 2007
Posts: 2,548
Likes: 3
From: LA LA Land
'07 GL 450, '02 S 80 T6
Junior Member
Joined: Nov 2007
Posts: 57
Likes: 0
124128
Waiting...Waiting...Waiting...
For the "Noodleheads" in Montvale,NJ and Stuttgart Germany to send the
BlueTec Hybrid model of the GLK over to North America.
4 cylinder,non-symmetrical twin turbos,CDI type engine WITH Electric Hybrid
Drive...50MPG Hwy.
Waiting...Waiting...Waiting...
BlueTec Hybrid model of the GLK over to North America.
4 cylinder,non-symmetrical twin turbos,CDI type engine WITH Electric Hybrid
Drive...50MPG Hwy.
Waiting...Waiting...Waiting...
Junior Member
Joined: Jan 2009
Posts: 21
Likes: 8
GLC, GLK
i agree lease money factor is high -- with MUCH lower money factor and deep discounts off MSRP on ML350 and ML320 you can lease one of them -- with a stikcer 10k higher thna GLK for less money -- do the math
ALso I am in Boston and Herb Chambers is doing his usual crap job of promoting the car -- test drove GLK last Friday and Salesman just called and still would not give me any solid info in the options on cars "Driving up from MAryland" -- jeeez. Told me the GLK would be between 34 and 43K -- pretty evident I know more about this model than he does....
If i can convince the wife I think I will just get her an ML lease -- no sense leasing GLK for more money....
ALso I am in Boston and Herb Chambers is doing his usual crap job of promoting the car -- test drove GLK last Friday and Salesman just called and still would not give me any solid info in the options on cars "Driving up from MAryland" -- jeeez. Told me the GLK would be between 34 and 43K -- pretty evident I know more about this model than he does....
If i can convince the wife I think I will just get her an ML lease -- no sense leasing GLK for more money....
Try Holloway in NH....good folks to deal with.. went out of their way to get me just the color and accessories I wanted...
