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2017 MB GLE350 Lease Question

tangier1tangier1 Posts: 5
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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Answers

  • I appreciate it - maybe I should have waited a couple of days for September's numbers so any later updates would be helpful...
  • 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 Everywhere, USAPosts: 127,860
    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

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Everywhere, USAPosts: 127,860
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 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 Everywhere, USAPosts: 127,860
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 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 ColoradoPosts: 121,216
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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 ColoradoPosts: 121,216
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • how about the latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease with 0 down in MD?
    Thanks
  • kyfdxkyfdx Everywhere, USAPosts: 127,860
    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

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 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 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 ColoradoPosts: 121,216
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • sarahfoxsarahfox 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 ColoradoPosts: 121,216
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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 Everywhere, USAPosts: 127,860
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Can you please let me know latest MF/residual for a 2017 GLE350 4matic 36mo/10k lease for November?
  • MichaellMichaell ColoradoPosts: 121,216
    mbusa05 said:

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

    .00047 and 56%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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 ColoradoPosts: 121,216
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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 Everywhere, USAPosts: 127,860
    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?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • that is in NJ 7%
  • kyfdxkyfdx Everywhere, USAPosts: 127,860
    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).

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kjdqkjdq Posts: 21
    Can I get the current lease MF and residuals on a 2017 GLE350 for both 4matic and RWD? 36mo/15K.
  • MichaellMichaell ColoradoPosts: 121,216
    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%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

This discussion has been closed.