50K Deposit on 2022 GLS 580?
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Newbie
Joined: Jun 2022
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2022 MB GLC
50K Deposit on 2022 GLS 580?
Hey guys, I'm a newbie here and what prompted me to sign up was this somewhat ridiculous interaction I had (at least for me) with a dealer in Oklahoma City. They have allocations for a GLS 580 and I asked how much to reserve. The rep told me to reserve the car, it would be a 50k deposit and a 25k markup. The markup I understand, but I was taken aback by the deposit. What if I wanted to lease the car? Or if financing it, what if I wanted to put down only 10-20% of the total price, which I assume could be anywhere from 120-140k. Anyways, I just wanted to verify here if the deposits for GLS 580s are this high, or if the dealer or the rep just did not want to sell the allocation to me.
MBWorld Fanatic!
Joined: Nov 2007
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From: Texas
2014 S550 - SOLD, 2014 GL550 - SOLD, 2014 GL63 AMG, 2015 S63 AMG Sedan, 2015 S63 AMG Coupe
That's a crazy amount. I have a GLS63 on order and placed a deposit of $1K. I have never heard of a $50K deposit. We live in crazy times.
Junior Member
Joined: Sep 2021
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From: Pennsylvania
bmw x3
No one ask for such kind of deposit. I have recently bought by 2022 GLS from Mercedes Benz of Fort Washington in PA. They didn't ask for any market adjustment and honoring the manufacturer rebate of 1K. The only deposit I had to do was 1K and received my GLS in 3 months.
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C450, GLS 63 and a few other things
Keep in mind the OP is looking at a 580 which is a rare bird at the moment. The $50k deposit is still completely ridiculous and the markup probably is as well, but it won't be quite as easy as a 450 -- at least today. Sam9187's experience is very relevant though.
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2022 MB GLC
Thanks so much for the responses guys! I was just totally taken aback by this and it really discouraged me---i.e., that maybe I'm just priced out of the market right now if I'm not able to provide a 50k wire transfer up front. I agree that I'll try to find another place. And although I'd like to get a 580 at the earliest available time, it's also not needed right now, so maybe I'll wait and see how the market changes.
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From: USA
`22 G63
Thanks so much for the responses guys! I was just totally taken aback by this and it really discouraged me---i.e., that maybe I'm just priced out of the market right now if I'm not able to provide a 50k wire transfer up front. I agree that I'll try to find another place. And although I'd like to get a 580 at the earliest available time, it's also not needed right now, so maybe I'll wait and see how the market changes.
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No more MB:(
Originally Posted by a4ep
The market is starting to shift. Vehicle manufacturers are starting to get loads of chips now so we will see how this impacts the market. Supply is going to increase, inflation is going up and loan rates are going with them....soon enough those who spent thousands above MSRP may be in for a rude awakening. Patience is key right now.
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2012 CLS63
I don't want to say that folks that BORROWED to be buried are retarded......just to have things turn around lol.
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From: Texas
2014 S550 - SOLD, 2014 GL550 - SOLD, 2014 GL63 AMG, 2015 S63 AMG Sedan, 2015 S63 AMG Coupe
I have bought many MB cars including a G63 and have never been asked to pay a deposit over $1K. I understand GLS580 is "rare" and that's because MBUSA had stopped production for around 6 months but the production is starting and a GLS580 won't be hard to get. There were plenty to choose from before the production halt and will be so again. It's crazy for a dealer to ask for a $50K deposit and even crazier for someone to consider giving that deposit to a dealership. These are times where the dealership may have an upper hand but that is changing.
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From: Jersey
2019 E53 Cabrio, Lunar Blue. 2020 GLC 300
The market is starting to shift. Vehicle manufacturers are starting to get loads of chips now so we will see how this impacts the market. Supply is going to increase, inflation is going up and loan rates are going with them....soon enough those who spent thousands above MSRP may be in for a rude awakening. Patience is key right now.
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Joined: Mar 2005
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2005 SL500
Double this. Demand destruction is in full swing and I think invoice pricing will be here soon. Used car market will be balanced as well. If you don’t need a $70k+ suv at this moment, you’d be greatly rewarded by waiting for a few months
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Panamera, '63 Impala
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23GLS 450
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Joined: Jan 2015
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From: Chicago
GLS450
I used a broker. VERY good experience. He did all the leg work and negotiations, saved me $10k on a custom order. This is the second time I've used him, he does all brands and gets rock bottom pricing. I think he works primarily in the Midwest/Chicago.
Raffay Hussain
224-616-8158
Carfective@gmail.com
Raffay Hussain
224-616-8158
Carfective@gmail.com
Last edited by ACC2; Jun 27, 2022 at 01:36 PM.
Newbie
Joined: Jun 2022
Posts: 1
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gls 580
Hey guys, I'm a newbie here and what prompted me to sign up was this somewhat ridiculous interaction I had (at least for me) with a dealer in Oklahoma City. They have allocations for a GLS 580 and I asked how much to reserve. The rep told me to reserve the car, it would be a 50k deposit and a 25k markup. The markup I understand, but I was taken aback by the deposit. What if I wanted to lease the car? Or if financing it, what if I wanted to put down only 10-20% of the total price, which I assume could be anywhere from 120-140k. Anyways, I just wanted to verify here if the deposits for GLS 580s are this high, or if the dealer or the rep just did not want to sell the allocation to me.
