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Car Buying Advice - 2016 GLE 550e Lease

mkgle550mkgle550 Posts: 3
edited March 2017 in Mercedes-Benz
Please let me know if this is good lease deal:

2016 GLE 550e (NEW, 27 miles)

MSRP - 73K
Selling Price - 59K

Lease term - 48 months and 12K miles per year

MF - 0.00054
Residual rate - 43%

Comes down to $650 plus taxes

Answers

  • kyfdxkyfdx Everywhere, USAPosts: 128,067
    mkgle550 said:

    Please let me know if this is good lease deal:

    2016 GLE 550e (NEW, 27 miles)

    MSRP - 73K
    Selling Price - 59K

    Lease term - 48 months and 12K miles per year

    MF - 0.00054
    Residual rate - 43%

    Comes down to $650 plus taxes

    We show .00058 MF and 41% residual

    Sure looks like a good price.. .how much due at signing?

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

    Edmunds Moderator

  • mkgle550mkgle550 Posts: 3
    Drive off about 2K
  • kyfdxkyfdx Everywhere, USAPosts: 128,067
    mkgle550 said:

    Drive off about 2K

    I'm not a big fan of 48 month leases, but that's a really good price.

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

    Edmunds Moderator

  • mkgle550mkgle550 Posts: 3
    Thank you. should I consider 36months/12K rather?
  • kyfdxkyfdx Everywhere, USAPosts: 128,067
    mkgle550 said:

    Thank you. should I consider 36months/12K rather?

    The monthly price will go up

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

    Edmunds Moderator

  • merseemersee Posts: 12
    I don't have a lease question but a purchase. I own a 2015 M350 and love the car. I just rec'd a letter from dealer asking to trade in my car for a new GLE350 since there is a healthy market for pre-owned. They offered an above average trade in plus bonus of $3,000. What could I expect off MSRP? I am in central NJ. Thank you
  • kyfdxkyfdx Everywhere, USAPosts: 128,067
    mersee said:

    I don't have a lease question but a purchase. I own a 2015 M350 and love the car. I just rec'd a letter from dealer asking to trade in my car for a new GLE350 since there is a healthy market for pre-owned. They offered an above average trade in plus bonus of $3,000. What could I expect off MSRP? I am in central NJ. Thank you

    We don't track pricing. 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

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