good deal?

andi450

looking at leasing a 2017 GLE4matick option Package 1, loaner with 6507 miles msrp $60,990 selling price $51,898 36 months/12miles per year. $1819.75 due at signing. $647/month (inc. taxes).
is this a reasonable selling price and payment? Any ideas on how to get better? thanks!

Michaell

andi450 said:

looking at leasing a 2017 GLE4matick option Package 1, loaner with 6507 miles msrp $60,990 selling price $51,898 36 months/12miles per year. $1819.75 due at signing. $647/month (inc. taxes).
is this a reasonable selling price and payment? Any ideas on how to get better? thanks!

.00028 and 54%, but there is likely going to be an adjustment for the loaner mileage.

What state is this?

With your prices, I get $551/mo plus tax.

Ask the dealer for the adjusted cap cost, and make sure you understand what was added to and subtracted from the selling price to get that number.

andi450

its in PA- being told 54% residual and money factor .00056

Michaell

andi450 said:

its in PA- being told 54% residual and money factor .00056

MF can be marked up by the dealer for extra profit. Ask them what MF they used for their quote; and, the adjusted cap cost, too.

andi450

thanks. that loaner gone and now looking at a different one. still 2017 GLE4matic. MSRP 62,690.00 6097 miles on it. 36 month/12k miles. MF .00048 residual 54%.
adjusted cap is $53,095. $1850 due at signing (1st month, bank and aq. fee, title, tags and registration) asking $658.20 per month (tax inc.)

Michaell

andi450 said:

thanks. that loaner gone and now looking at a different one. still 2017 GLE4matic. MSRP 62,690.00 6097 miles on it. 36 month/12k miles. MF .00048 residual 54%.
adjusted cap is $53,095. $1850 due at signing (1st month, bank and aq. fee, title, tags and registration) asking $658.20 per month (tax inc.)

Base MF is .00028 on the GLE350 4Matic, so the MF is still marked up on you.

With the inflated MF, I get $576/mo before tax. With the base MF, that payment drops to $559/mo. Even with 9% tax, I don't get to $658/mo.

Confirm the actual residual value; it's possible (and, likely) that the 54% is adjusted for the miles on the vehicle.

Something seems off on the quote.