February 2020 Best 2020 Mercedes-Benz GLS Lease & Finance Deals

It is worth noting that not all residual values within a brand will be the same. So while cars made by Mercedes-Benz tend to hold their value well, make sure the Mercedes-Benz model you’re considering does too. Currently the 2020 Mercedes-Benz GLS is going for 44% or higher depending on terms and mileage. Before you decide to lease a new Mercedes-Benz, ask about mileage limits and end-of-lease charges, and be sure to factor in the additional cost of applicable taxes. Our Walser Mercedes Benz of Wichita customer specialists will be able to give you all the details you will need to make the right choice.

These charges can be as little as 10 cents a mile or as much as $1 a mile. The average charge is usually around 25 cents per mile. The best way to check the exact charge for the car, truck, or SUV you’re considering is to contact one of our Mercedes-Benz location(s) and we would be happy to assist you. If you signed a lease and forgot to check your over-mileage charge, take a look at your contract. It will be listed there.

If a bank does allow options for transfers, expect to pay a transfer fee. This bank fee can be as high as $600, depending on the lender. One thing that seems to be consistent across brands is that the person hoping to assume the lease will need to qualify under the lessor’s bank’s credit guidelines. The best way to know if you can potentially transfer a lease is to call the lender and ask or contact one of our Walser locations and we will find out for you.

A few questions to ask yourself:
1. Do I see myself driving this GLS for the next five years?

If not, a lease buyout probably isn’t right for you.

2. Is the GLS priced well for the market?

This is an easy question to answer. Look up other automobiles like yours on the used-car market, and compare those prices to your residual amount. If the residual is significantly lower than similar pre-owned inventory for sale, you may have a good deal on your hands.

3. Will this GLS have a reasonable cost of ownership if I do buy it?

Most leases end around the same time as the factory warranty. So if you’re considering a buyout, it would be a good idea to take into account the long-term repair cost history of a brand before making a final decision. While many shoppers base the buyout decision solely on the selling price, a smarter move is to factor in expected long-term costs. Remember, you will be responsible for covering the costs of maintenance, parts, and repairs if something goes wrong.