2017 MB GLE350 Lease Question

tangier1tangier1 Member Posts: 6
edited September 2016 in Mercedes-Benz
Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/12k lease in Texas? Thanks in advance...

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  • tangier1tangier1 Member Posts: 6
    I appreciate it - maybe I should have waited a couple of days for September's numbers so any later updates would be helpful...
  • petemaxpetemax Member Posts: 1
    2017 GLE 350 4matic
    Night package, panorama, P1
    MSRP: $66,175
    Sale Price: $59,000
    36 month/12K miles
    $680/month
    Due at signing: $3,950 due at signing ($1,713 tax, $389 Doc, $399 DMV, $795 acquisition and first month payment)

    I was told that is with the fleet discount and auto pay discount. But I think these numbers add up based on the base MF of .00055 and 55% residual.
    Am I missing something?

    Any advice before I take delivery?
  • kyfdxkyfdx Moderator Posts: 207,907
    tangier1 said:

    Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/12k lease in Texas? Thanks in advance...

    .00062 MF and 55% residual

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  • kyfdxkyfdx Moderator Posts: 207,907
    petemax said:

    2017 GLE 350 4matic
    Night package, panorama, P1
    MSRP: $66,175
    Sale Price: $59,000
    36 month/12K miles
    $680/month
    Due at signing: $3,950 due at signing ($1,713 tax, $389 Doc, $399 DMV, $795 acquisition and first month payment)

    I was told that is with the fleet discount and auto pay discount. But I think these numbers add up based on the base MF of .00055 and 55% residual.
    Am I missing something?

    Any advice before I take delivery?

    All those numbers are correct.
    I'd roll all but the 1st payment and DMV into the lease payment.
    Adding $2870 to the CAP takes the payment to $762/mo, with $1161 due at signing.

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  • tonypetertonypeter Member Posts: 1
    I am looking for MF and residuals for a 2017 GLE 350 4MATIC SUV (September - WA) 36m/10K. Also, MSRP is $66,470 and I am wondering what a reasonable sale price with an invoice of 62K.

    Any help will be appreciated.
    Thanks
  • kyfdxkyfdx Moderator Posts: 207,907
    tonypeter said:

    I am looking for MF and residuals for a 2017 GLE 350 4MATIC SUV (September - WA) 36m/10K. Also, MSRP is $66,470 and I am wondering what a reasonable sale price with an invoice of 62K.

    Any help will be appreciated.
    Thanks

    .00055 MF and 56% residual

    Use the Make/Model/Year tabs at the top of the page to get Edmunds TMV.

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  • vigorhyvigorhy Member Posts: 4
    Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/10k lease with 0 down in MD? I am looking at a GLE with $65270. what range of monthly payment can I expect for a good deal?

    thanks
  • MichaellMichaell ColoradoModerator Posts: 206,519
    vigorhy said:

    Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/10k lease with 0 down in MD? I am looking at a GLE with $65270. what range of monthly payment can I expect for a good deal?

    thanks

    RWD or 4Matic?

    We will need the adjusted cap cost to figure the payment. Be advised that MD taxes the entire selling price, even for a lease. That will make your payment higher, relative to other states.

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  • vigorhyvigorhy Member Posts: 4
    Michaell said:

    vigorhy said:

    Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/10k lease with 0 down in MD? I am looking at a GLE with $65270. what range of monthly payment can I expect for a good deal?

    thanks

    RWD or 4Matic?

    We will need the adjusted cap cost to figure the payment. Be advised that MD taxes the entire selling price, even for a lease. That will make your payment higher, relative to other states.
    it is 4matic. Honestly, I dont know the adjusted cap cost, but it seems that the dealer was willing to offer 7000 discount.
  • MichaellMichaell ColoradoModerator Posts: 206,519
    vigorhy said:

    Michaell said:

    vigorhy said:

    Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/10k lease with 0 down in MD? I am looking at a GLE with $65270. what range of monthly payment can I expect for a good deal?

    thanks

    RWD or 4Matic?

    We will need the adjusted cap cost to figure the payment. Be advised that MD taxes the entire selling price, even for a lease. That will make your payment higher, relative to other states.
    it is 4matic. Honestly, I dont know the adjusted cap cost, but it seems that the dealer was willing to offer 7000 discount.
    The cap cost is the negotiated price plus any taxes and fees you don't pay up front.

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  • vigorhyvigorhy Member Posts: 4
    how about the latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease with 0 down in MD?
    Thanks
  • kyfdxkyfdx Moderator Posts: 207,907
    vigorhy said:

    how about the latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease with 0 down in MD?
    Thanks

    .00055 MF and 56% residual

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  • sarahfoxsarahfox Member Posts: 7
    GLE 350 4 matic
    36 months/12K miles
    pennsylvania, dealer is in ohio

    MRSP: 61040
    selling: 54409
    DMV ; 350 was 123, dont know why increasing this
    doc fee 250
    tax 4919

    out of pocket
    1341.13 718.63
    2341.13
  • sarahfoxsarahfox Member Posts: 7
    edited September 2016
    MRSP: 61040
    selling: 54409
    DMV ; 350 was 123, dont know why increasing this
    doc fee 250
    tax 4919
    total amount due $59.928.31

    out of pocket
    1341.13 718.63
    2341.13
    2341.13 689.42
    3341.13 660.22
    residual $33572

    What is correct monthly payment with 0 down? Am I been taxed whole amount of the car?
  • MichaellMichaell ColoradoModerator Posts: 206,519
    sarahfox said:

    GLE 350 4 matic
    36 months/12K miles
    pennsylvania, dealer is in ohio

    MRSP: 61040
    selling: 54409
    DMV ; 350 was 123, dont know why increasing this
    doc fee 250
    tax 4919

    out of pocket
    1341.13 718.63
    2341.13

    PA taxes the monthly payment; OH collects sales tax for the sum of the payments up front.

    55% and .00055

    Using the selling price as the cap cost, I get $627/mo.

    That looks like a purchase quote - I see no reference to the acquisition fee of $795.

    And yes, tax amount looks high.

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  • sarahfoxsarahfox Member Posts: 7
    edited September 2016
    He never quoted acquisition fee.The amount you calculated is with or without tax?thank you so much
    And yes it is a lead quote and it seems not right
  • MichaellMichaell ColoradoModerator Posts: 206,519
    sarahfox said:

    He never quoted acquisition fee.The amount you calculated is with or without tax?thank you so much
    And yes it is a lead quote and it seems not right

    Without tax.

    Dealers often quote a price for a traditional finance sale then manipulate the numbers for a lease.

    In PA, 3% is added to the sales tax for a lease.

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  • sarahfoxsarahfox Member Posts: 7
    Michaell said:

    sarahfox said:

    GLE 350 4 matic
    36 months/12K miles
    pennsylvania, dealer is in ohio

    MRSP: 61040
    selling: 54409
    DMV ; 350 was 123, dont know why increasing this
    doc fee 250
    tax 4919

    out of pocket
    1341.13 718.63
    2341.13

    PA taxes the monthly payment; OH collects sales tax for the sum of the payments up front.

    55% and .00055

    Using the selling price as the cap cost, I get $627/mo.

    That looks like a purchase quote - I see no reference to the acquisition fee of $795.

    And yes, tax amount looks high.
    i think instead of taxing 6%, he taxed 9% for cash option and also taxed either both of one of DMV and document fee. I dont know exactly how he came up with this high tax
  • kyfdxkyfdx Moderator Posts: 207,907
    sarahfox said:

    Michaell said:

    sarahfox said:

    GLE 350 4 matic
    36 months/12K miles
    pennsylvania, dealer is in ohio

    MRSP: 61040
    selling: 54409
    DMV ; 350 was 123, dont know why increasing this
    doc fee 250
    tax 4919

    out of pocket
    1341.13 718.63
    2341.13

    PA taxes the monthly payment; OH collects sales tax for the sum of the payments up front.

    55% and .00055

    Using the selling price as the cap cost, I get $627/mo.

    That looks like a purchase quote - I see no reference to the acquisition fee of $795.

    And yes, tax amount looks high.
    i think instead of taxing 6%, he taxed 9% for cash option and also taxed either both of one of DMV and document fee. I dont know exactly how he came up with this high tax
    Tax on leases in PA is 9%, not 6%.
    Doc fees and acquisition fees are also taxable.

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  • mbusa05mbusa05 Member Posts: 4
    Can you please let me know latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease for November?
  • MichaellMichaell ColoradoModerator Posts: 206,519
    mbusa05 said:

    Can you please let me know latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease for November?

    .00047 and 56%

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  • mbusa05mbusa05 Member Posts: 4
    Michaell said:

    mbusa05 said:

    Can you please let me know latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease for November?

    .00047 and 56%
    Does this MF includes auto pay? Because someone just provided me MF of .00057 with out autopay.

    If I include autopay, its .00047. Please advise.
  • MichaellMichaell ColoradoModerator Posts: 206,519
    mbusa05 said:

    Michaell said:

    mbusa05 said:

    Can you please let me know latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease for November?

    .00047 and 56%
    Does this MF includes auto pay? Because someone just provided me MF of .00057 with out autopay.

    If I include autopay, its .00047. Please advise.
    .00047 before autopay, .00037 after.

    Dealer is marking up the MF for extra profit.

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  • mbusa05mbusa05 Member Posts: 4
    Michaell said:

    mbusa05 said:

    Michaell said:

    mbusa05 said:

    Can you please let me know latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease for November?

    .00047 and 56%
    Does this MF includes auto pay? Because someone just provided me MF of .00057 with out autopay.

    If I include autopay, its .00047. Please advise.
    .00047 before autopay, .00037 after.

    Dealer is marking up the MF for extra profit.
    Thanks Michaell,
    Since I am doing lease 1st time, need your input for following deal

    MSRP : 63370, Selling : 55295, Leasing 36M/12K, RV: 55%, MF: .00047. According to dealer, Monthly its 699.
    First payment as $2346
    Acquisition fee = $1095
    Monthly = $699
    Doc = $552

    He is only providing RV as 56% for 36M/10K. Not sure what else to check/make sure before finalizing
  • kyfdxkyfdx Moderator Posts: 207,907
    mbusa05 said:

    Michaell said:

    mbusa05 said:

    Michaell said:

    mbusa05 said:

    Can you please let me know latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease for November?

    .00047 and 56%
    Does this MF includes auto pay? Because someone just provided me MF of .00057 with out autopay.

    If I include autopay, its .00047. Please advise.
    .00047 before autopay, .00037 after.

    Dealer is marking up the MF for extra profit.
    Thanks Michaell,
    Since I am doing lease 1st time, need your input for following deal

    MSRP : 63370, Selling : 55295, Leasing 36M/12K, RV: 55%, MF: .00047. According to dealer, Monthly its 699.
    First payment as $2346
    Acquisition fee = $1095
    Monthly = $699
    Doc = $552

    He is only providing RV as 56% for 36M/10K. Not sure what else to check/make sure before finalizing
    If the selling price is the CAP cost, then I get $610/mo.+tax.

    That's pretty far away from $699, I think.
    What state and tax rate?

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  • mbusa05mbusa05 Member Posts: 4
    that is in NJ 7%
  • kyfdxkyfdx Moderator Posts: 207,907
    mbusa05 said:

    that is in NJ 7%

    I'd ask for the adjusted CAP cost, and the money factor being used.

    The adjusted CAP should include the tax (collected upfront in NJ), as well as any DMV fees.
    It's likely they are marking up the money factor, as they've marked up the acquisition fee ($795 base).

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  • kjdqkjdq Member Posts: 24
    Can I get the current lease MF and residuals on a 2017 GLE350 for both 4matic and RWD? 36mo/15K.
  • MichaellMichaell ColoradoModerator Posts: 206,519
    kjdq said:

    Can I get the current lease MF and residuals on a 2017 GLE350 for both 4matic and RWD? 36mo/15K.

    RWD - .00055 and 53%
    4Matic - .00047 and 53%

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  • jay123456jay123456 Member Posts: 3
    Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/10k lease in Texas? The dealer is asking for 1500 down which includes the first month payment. The monthly lease payment is $703. This is the first time i'm leasing and was wondering if its a decent deal. MSRP was close to $58k and dealer is giving discount around $9k. Residual value giving around $32,000. Appreciate if you can help.
  • jay123456jay123456 Member Posts: 3
    Can anyone also advise if its good idea to include the maintenance cost in the overall lease payment. The dealer suggested $1100 for the duration of the lease (3 years). I am not sure what is the average cost of the maintenance of the GLE350 2017. Thanks.
  • MichaellMichaell ColoradoModerator Posts: 206,519
    jay123456 said:

    Can anyone advise the latest MF/residual for a 2017 GLE350 36mo/10k lease in Texas? The dealer is asking for 1500 down which includes the first month payment. The monthly lease payment is $703. This is the first time i'm leasing and was wondering if its a decent deal. MSRP was close to $58k and dealer is giving discount around $9k. Residual value giving around $32,000. Appreciate if you can help.

    I'll assume RWD - .00055 and 56%

    Texas applies sales tax to the entire selling price - have the dealer share with you the adjusted cap cost. That will give us the numbers to run the payment ourselves, and check their work.

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  • kyfdxkyfdx Moderator Posts: 207,907
    jay123456 said:

    Can anyone also advise if its good idea to include the maintenance cost in the overall lease payment. The dealer suggested $1100 for the duration of the lease (3 years). I am not sure what is the average cost of the maintenance of the GLE350 2017. Thanks.

    Pretty sure that it would be more than $1100 out of pocket.

    Some dealers have been able to residualize the maintenance plan. Ask if the dealer can do that. It would cut your cost to less than half.

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  • jay123456jay123456 Member Posts: 3
    Thank you Michaell and kyfdx for your quick reply as this is really helpful.

    Michaell or anyone else on the forum, can you please advise if the $700 lease is a good monthly payment number based on the current market price of GLE 350.

    Also, please advise what is the MF/residual on GLE350. (Is it still .00055 and 56%)

    Following are the numbers for the GLE350 (RWD)

    -MSRP 57800
    -Discount 8600

    -Sales Tax 3200 (State of Texas)
    -Tag and registration 360
    -New Cost 52700

    -Residual Value is quoted around 32000.

    Down Payment 1500 which would include first month payment of 700.

    Many thanks.


  • MichaellMichaell ColoradoModerator Posts: 206,519
    jay123456 said:

    Thank you Michaell and kyfdx for your quick reply as this is really helpful.

    Michaell or anyone else on the forum, can you please advise if the $700 lease is a good monthly payment number based on the current market price of GLE 350.

    Also, please advise what is the MF/residual on GLE350. (Is it still .00055 and 56%)

    Following are the numbers for the GLE350 (RWD)

    -MSRP 57800
    -Discount 8600

    -Sales Tax 3200 (State of Texas)
    -Tag and registration 360
    -New Cost 52700

    -Residual Value is quoted around 32000.

    Down Payment 1500 which would include first month payment of 700.

    Many thanks.


    36/10 numbers are indeed .00055 and 56%

    Using your prices, I get $612/mo

    Confirm the adjusted cap cost with the dealer; they can also mark up the MF for extra profit.

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  • edubpmdedubpmd Member Posts: 20
    Please comment on this deal - thanks in advance!

    2017 gle350 awd

    msrp 60,480

    Ohio tax 8%

    12k/36

    dealer claims to be selling car for $51,778.

    nothing out of pocket, leave with the car sign and drive

    $665.11 per month all fees and taxes in.

    sounds good to me- any thoughts?

    thanks!

  • kyfdxkyfdx Moderator Posts: 207,907
    edubpmd said:

    Please comment on this deal - thanks in advance!

    2017 gle350 awd

    msrp 60,480

    Ohio tax 8%

    12k/36

    dealer claims to be selling car for $51,778.

    nothing out of pocket, leave with the car sign and drive

    $665.11 per month all fees and taxes in.

    sounds good to me- any thoughts?

    thanks!

    .00047 MF and 55% residual.
    If selling price = CAP cost, then $554/mo.

    If everything else added = $3900, then I get the same price.
    Need to know the adjusted CAP cost, and how they got there from the selling price.

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  • edubpmdedubpmd Member Posts: 20
    Selling price is before fees/tax/etc.  waiting on paperwork from dealer with breakdown of how they got there.  Decent deal?  Thanks again!
  • kyfdxkyfdx Moderator Posts: 207,907
    edubpmd said:

    Selling price is before fees/tax/etc.  waiting on paperwork from dealer with breakdown of how they got there.  Decent deal?  Thanks again!

    Won't know until you get those answers.

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  • mlevinemlevine Member Posts: 524
    To edubpmd
    As per kyfdx, you need a complete breakdown. The problem is a lot of the data is put into a computer program and many sales people really do not understand the numbers. I priced a GLE yesterday and the paperwork did not have the money factor or aquisition fee. In addition the tax was wrong as it was based on the entire cap cost. Must be specific as to what you need. On your deal you already know the MSRP, residual and money factor. You need to know the adjusted cap cost. Part of your discount is probably due to winter cash of $1500. Good luck and I hope we both can get into the GLE form this holiday season.
  • jacky2017jacky2017 Member Posts: 3
    Can anyone please help with this deal...local tax NJ.

    MSRP $61,030​
    selling price $54,030
    MF .00067
    Residual 55 %
    $795 bank fee
    $495 doc fee
    $329.50 NJ DMV
    NJ sales tax $1670.92​
    Luxury sales tax $ 216.12
    7.50 tire tax​
    $6.00 online DMV fee
    Total out of pocket $ 4,151.16 ( taxes and fees )​
    Monthly pmt will be $ 627.12​

    Thank you!
  • kyfdxkyfdx Moderator Posts: 207,907
    jacky2017 said:

    Can anyone please help with this deal...local tax NJ.

    MSRP $61,030​
    selling price $54,030
    MF .00067
    Residual 55 %
    $795 bank fee
    $495 doc fee
    $329.50 NJ DMV
    NJ sales tax $1670.92​
    Luxury sales tax $ 216.12
    7.50 tire tax​
    $6.00 online DMV fee
    Total out of pocket $ 4,151.16 ( taxes and fees )​
    Monthly pmt will be $ 627.12​

    Thank you!

    .00047 MF and 55% residual for 36/12 (assuming AWD)
    The MF markup is adding $18/mo.+tax.
    I get the same payment, with the marked up money factor.
    I would roll in the taxable fees and the sales tax. (about $3100)
    That makes the payment $715/mo. with $1050 due at signing.
    ($697/mo. w/base MF)

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  • jacky2017jacky2017 Member Posts: 3
    Thanks and I will ask the sale rep to come down w/base MF. Otherwise how is this deal look?
  • kyfdxkyfdx Moderator Posts: 207,907
    jacky2017 said:

    Thanks and I will ask the sale rep to come down w/base MF. Otherwise how is this deal look?

    We don't track selling prices, but if $7000 off is good, and you get the base MF, then everything else looks good.

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  • jacky2017jacky2017 Member Posts: 3
    Thanks Edmund.......able to get the MF down to base with autopay .00037
  • kyfdxkyfdx Moderator Posts: 207,907
    jacky2017 said:

    Thanks Edmund.......able to get the MF down to base with autopay .00037

    Congrats!

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