GLK-Class (X204) Produced 2008-2014

Help needed - 2013 GLK AMG lease

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Old Sep 20, 2012 | 06:30 AM
  #1  
X5PlatBronze's Avatar
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'15 Lexus IS 350 F SPORT
Help needed - 2013 GLK AMG lease

I'm looking at a lease on a 2013 GLK 350 with lighting package, multimedia, keyless go, premium 1, lane tracking, AMG styling package. Below are the details on my lease offer.

Can others post details on their own lease deals on the 2013 GLK 350. I'm just trying to determine if I'm getting a good deal or not. Thx.

Here are the lease details:

MSRP: $53,295
Adj Capitalized Cost: $48,638.84
Residual: 57%
Money factor: 0.00140
Lease term/mileage: 36 months / 15,000 miles a year
Taxes: $1523.40 (Get full tax savings for full amount due to trade-in credit)
Tax rate: 7.7750%
Total cash down: $1000
Monthly payment: $577.33

Last edited by X5PlatBronze; Sep 20, 2012 at 08:55 AM. Reason: Updated info
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Old Sep 20, 2012 | 03:26 PM
  #2  
DCubed's Avatar
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From: Rancho Santa Margarita, CA
C250,GLK350
Originally Posted by X5PlatBronze
I'm looking at a lease on a 2013 GLK 350 with lighting package, multimedia, keyless go, premium 1, lane tracking, AMG styling package. Below are the details on my lease offer.

Can others post details on their own lease deals on the 2013 GLK 350. I'm just trying to determine if I'm getting a good deal or not. Thx.

Here are the lease details:

MSRP: $53,295
Adj Capitalized Cost: $48,638.84
Residual: 57%
Money factor: 0.00140
Lease term/mileage: 36 months / 15,000 miles a year
Taxes: $1523.40 (Get full tax savings for full amount due to trade-in credit)
Tax rate: 7.7750%
Total cash down: $1000
Monthly payment: $577.33
What area do you live in? Leasing can vary from state to state due to tax laws, also are you looking at a 2WD or a 4Matic?
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Old Sep 20, 2012 | 05:08 PM
  #3  
X5PlatBronze's Avatar
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'15 Lexus IS 350 F SPORT
I'm in Minnesota. The vehicle is 4Matic.
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Old Sep 21, 2012 | 04:49 PM
  #4  
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From: Los Angeles
2013 Infiniti G37 Coupe; 2011 GLK 350 w/ Premium 1, Multimedia & Sport Appearance; I LOVE IT!
Originally Posted by X5PlatBronze
I'm looking at a lease on a 2013 GLK 350 with lighting package, multimedia, keyless go, premium 1, lane tracking, AMG styling package. Below are the details on my lease offer.

Can others post details on their own lease deals on the 2013 GLK 350. I'm just trying to determine if I'm getting a good deal or not. Thx.

Here are the lease details:

MSRP: $53,295
Adj Capitalized Cost: $48,638.84
Residual: 57%
Money factor: 0.00140
Lease term/mileage: 36 months / 15,000 miles a year
Taxes: $1523.40 (Get full tax savings for full amount due to trade-in credit)
Tax rate: 7.7750%
Total cash down: $1000
Monthly payment: $577.33

This has me confused.

Taxes on a lease are paid on each payment, not up front. (That's one of the advantages of a lease.)

The 15,000 miles is nice.

BTW, your money factor = 3.36% interest rate
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Old Sep 21, 2012 | 05:49 PM
  #5  
X5PlatBronze's Avatar
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'15 Lexus IS 350 F SPORT
Originally Posted by rmfnla
This has me confused.

Taxes on a lease are paid on each payment, not up front. (That's one of the advantages of a lease.)

The 15,000 miles is nice.

BTW, your money factor = 3.36% interest rate
Yes - taxes are paid in each payment. The lump number below is the total tax amount over a 3 year lease term.

Last edited by X5PlatBronze; Sep 21, 2012 at 05:59 PM. Reason: Update
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Old Sep 22, 2012 | 06:46 AM
  #6  
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From: SOUTHWEST OHIO
2016 E350 2015 ML250 2002 Z06 CORVETTE
Originally Posted by rmfnla
This has me confused.

Taxes on a lease are paid on each payment, not up front. (That's one of the advantages of a lease.)

The 15,000 miles is nice.

BTW, your money factor = 3.36% interest rate
eing one of them


In some states you do pay the tax upfront. Ohio being one of them. In other states, the tax regulations actually make leasing undesirable. Hence, the balloon payment loans Mercedes offers.

Last edited by JALLEN4; Sep 22, 2012 at 06:47 AM. Reason: Spelling
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Old Sep 22, 2012 | 08:25 AM
  #7  
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2010 E Class
You might want to comparison shop in the same political subdivision. The same rules/regulations and customs do not apply everywhere.
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Old Sep 22, 2012 | 01:43 PM
  #8  
X5PlatBronze's Avatar
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'15 Lexus IS 350 F SPORT
Originally Posted by ben721364
You might want to comparison shop in the same political subdivision. The same rules/regulations and customs do not apply everywhere.
Thanks for the input. I've leased in two states before so I know leases sometimes differ from state to state.

However, can someone who has leased a 2013 GLK 350 or even a 2012 model year share what they are paying on a lease right now? Please include lease term, how many miles and MSRP of the vehicle, total out of pocket and final sale price. This will be helpful as I review the deal I was offered by a dealer. Thx.
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Old Sep 22, 2012 | 09:37 PM
  #9  
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From: New York
2015 GLA250 4MATIC
2013 GLK 4Matic, Lighting, Premium, Multimedia, Appearance, Keyless Go
MSRP: 51,305
Term: 27 months
Cap Reduction: 1000
Prepaid 2 years service and 3M bumper wrap
Miles: 7500 (I don't drive much)
Total out of pocket ~3000
Monthly: 529
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