Gavin2000

MB --

Your Sign and Drive Offer on your website --- is that MB Financial backed?

What is the residual and money factor for that offer in any case?
The 39 Month money factor seems high. I am trying to figure how lease a GLK for LESS than I can lease an ML priced 10K higher.... any ideas?

By the way i think this is what sexybeest means by overpriced

Rennsport

The lowest sticker around here is $39K, RWD isnt yet available. If you'd like to compare apples to apples, the GLK is very near $20K more than the Honda car you have mentioned.

I am in the same camp with thoughts that these are indeed overpriced. Lease an ML for less monthly and much much less CCR. These GLK's just dont lease well at all, IMO.

DerekACS

Perhaps a more appropriate comparison with the GLK would be the Acura RDX with the Technology package.

I looked at both the US and Canadian prices for the RDX and the GLK, equipped similar to my own GLK order. Here's what I found: in the US, the RDX is about $3500 less than the GLK. In Canada, the RDX is only $1500 less, equipped with similar options and accessories (in the case of the RDX).

Remember, the RDX has a 4 cylinder turbocharged engine and the drivetrain is essentially front wheel drive with "slip & grip" rear wheel drive. The Acura/Honda drivetrain is not in the same ballpark as the MB 4Matic, which is a full time 4 wheel drive. Of course, the GLK offers many other examples of superior MB engineering, such as the Adaptive suspension and a highly refined V6 engine.

It seems to me that the Canadian GLK price is even more aggressive than the US price. In any event, it looks like the car will be a success in both markets.

mbwestminster

Yes...Indeed it will. It's rediculous to compare the GLK to the Honda CRV and say it's overpriced!! In comparing the GLk to the RDX and the X3 (which is the real comparison), it's priced right and equipped better. Come on guys

Gavin2000

REAL world lease CAP COST on ML350 is invoice minus lease cash -- with miniscule money factor of .0008 -- I can easily lease an dML350 with P1, paint, hearted seats -- MSRP around a little over 53K -- just for an example -- at 530/month for 39 months -- NO CAP COST REDUCTION

Can't come close to that on the GLK -- with current residual and money factor -- unless you are willing to CAP COST GLK at invoice as well. Even then it falls short, but at least it is in the ballpark

THAT'S what we mean by overpriced

Offer a deal on here even close to the ML deal -- prove us wrong....https://mbworld.org/forums/images/smilies/nixweiss.gif

Rennsport

I just followed the example provided by the previous post. I thought it was odd too.

Still rather have a ML350, same monthly, much less CCR.

mbwestminster

Ok, lets get real here...NOBODY is leasing a 2009 ML350 with a .0008 money factor..lol....

Considering this: MBUSA is advertising a $549/month lease, 48 months, 10k/year, $4394 total due at signing on a $52,545 msrp.

You think you can get $530 with 0 down for 39 months? On a little more $$ car? OK

It makes sense....shorter term, 4K+ less because 0 down and lower payment. Remember, I do this every day. Even at invoice, this payment is not possible, trust me. And, I look to do business, not push it away.

Gavin2000

MBWestminster --- check the Leasing Forum here -- .0008 IS the January 2009 Money factor for ML350 -- on both 36 and 48 month leases

And there is 2000 lease cash and 1689 "dealer contribution" -- which you know already.

My local dealer has 59 ML350s -- would be THRILLED to CAP COST at INVOICE -- minus the lease cash and dealer contribution...

So let's do the math, take Mercedes favorite example, with P1 and heated seats: $52545 MSRP -- INVOICE = 48928 - 2000 = 46928

Let's do 7500 miles a year, my wife doesn' t drive much -- so residual = .44

52545 x .44 = $23,120 residual after 48 months

CAP cost at invoice minus 2000 lease cash, and only HALF the dealer contribution, call it $850

So invoice minus 2850 : 48928-2850=46078

Depreciation = 46078 minus 23120 = 22958/48 = $478 monthly

plus interest 46078 plus 23120 = 69198 x .0008 = $55

so 478 plus 55 = $533 per month,

no CCR on a 2009 ML350 with MSRP of 52545. The deals were even better in December, you can check the ML Threads and the leasing threads --

See anything wrong here? No.

And if not, isn't it true that you cannot lease a GLK close to this deal?

Most of us are on this board hoping to obtain a GLK, but you are the guys who need to get REAL...

SEXYBEEST

and employee pricing right now on an 09' ml350, national ad-P1, HEATED SEATS, 2k drive off, 12k a year, $444 including taxes for 36 months and thats a fact, deals are out there, just not on the glk lease

Gavin2000

BEEST --

where did you see that ML employee pricing offer?

I looked around and couldn't find ... link?

thanks

mbwestminster

Well, I made a mistake...I thought he had quoted one more zero than necessary. Regardless of the fact, this is "kinda" off topic.....

If anybody on here is looking for a great ML deal, I would be pretty confident in saying that we can beat a LOT of deals out there.

Gavin2000

No prob MBWestminster

Could you post the details (residual/money factor) on the 48 month lease on the GLK your site -- the "Sign and Drive" --- trying to calculate if that could be a better deal for me than the 39 month advertised lease...

thnks

mbwestminster

The 39 month is the value added program. 48 month is not posted as being one

Gavin2000

so no details on the 48 month lease?

residual, money factor? Anyone?

SEXYBEEST

48 months is a long time to lease a truck

mbwestminster

Currently on our main site, we have put together a 599 sign and drive lease...check it out! If you have any questions, please feel free to contact me directly

Gavin2000

Tarry on the Leasing board expects to post the GLK money factor/residuals any day now.... for all those interested....

Lee Wireless

Everyone asks good questions and mbwestminster blows them off. Get real yourself mbwestminster....

mbwestminster

Excuse me? How am I blowing somebody off? LOL

pmb600

From what I hear the GLKs aren't selling well.

DerekACS

As far as GLK sales in the Vancouver area are concerned, your statement could not be further from the truth. There is now a 3 month long waiting list for factory orders. The GLK has become the No.1 seller in the MB lineup.

Across Canada, the GLK is also selling well with dealers pleading for more product.

If any forum members work for BMW or Acura, they should be concerned about the success of the GLK.

mbwestminster

Very true Sales have been great for the GLK. I have about 30-40% of my inventory sold already I've got a great selection for those looking.

Blk04cobra1

I could not have said this any better. It took about a week for them to catch on, but now you cannot keep them in stock and dealers are not willing to trade any out .

pmb600

Interesting...

I guess we will see for sure on Monday when January sales come out.

compress ignite

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...