Does this look right? - MBWorld.org Forums

Nov 21, 2019 | 09:40 AM

kdogitis

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Joined: Nov 2019

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Porsche Cayenne Turbo

Does this look right?

I normally purchase cars but am considering leasing a 2020 GLS 450. I received the attached quote for 36 month 12k miles per year. The $91,350 price is MSRP, I haven't worked on a discount yet. The monthly payment is higher than I thought it would be for a lease. Do these numbers seem about right for a GLS priced at $91,350?

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Nov 21, 2019 | 09:57 PM

Stephen513

Member

Joined: Aug 2017

Posts: 159

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From: Atlanta, GA

2015 S-550, 2017 Jaguar XE 35t R-Sport, 2007 Jaguar S-Type 3.0, 2013 S550 (traded)

Looks about right to me. Anyone else?

Nov 21, 2019 | 10:13 PM

Viha22

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Joined: Nov 2014

Posts: 136

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From: Seattle,Wa

2014 GL550,2020 GLS580

To me it doesn’t look right. In 2015 i leased 2015 Gl450 with msrp of 88k after 3.5% discount . $2500 down .my lease payment was $1250 with taxes

Nov 22, 2019 | 11:29 AM

mercedesmax

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Joined: Apr 2019

Posts: 1,564

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From: Scottsdale AZ

2015 CLS 550 2015 ML 400 Previous 2020 GLB 250 2019 A 220 2005 ML 350 1989 300 E 2001 SL 500

Quote:

Originally Posted by Viha22

To me it doesn’t look right. In 2015 i leased 2015 Gl450 with msrp of 88k after 3.5% discount . $2500 down .my lease payment was $1250 with taxes

Mercedes has been lowering their residuals for some time now. The 2020 GLS residual at 12k is 57% 2015 12k residual was 62%
MF's have gone up since 15 as well.

Nov 22, 2019 | 02:36 PM

bkdc

Senior Member

Joined: Dec 2008

Posts: 378

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2015 S550, 2017 GLS450

Those numbers look right. On the flip side, an off-lease vehicle is an attractive CPO buy. I wonder if the predicted residuals will bear out on the market with dropping prices.

Nov 22, 2019 | 03:59 PM

mercedesmax

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Joined: Apr 2019

Posts: 1,564

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From: Scottsdale AZ

2015 CLS 550 2015 ML 400 Previous 2020 GLB 250 2019 A 220 2005 ML 350 1989 300 E 2001 SL 500

Quote:

Originally Posted by bkdc

Those numbers look right. On the flip side, an off-lease vehicle is an attractive CPO buy. I wonder if the predicted residuals will bear out on the market with dropping prices.

Probably not. That's why they have gone down over the last 2-3 yrs. Real value is closer to 50% after 3yrs.

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