Deal GLE 350 Yr 2020 NJ Area

Gregor

Trying to Lease a GLE 350 2020
- MRSP $63000
- $3000 Down
- 12000 miles/year
- Monthly Lease $825 Including Tax
Is this a good deal?
Is it worth getting the First Class Lease Protection... About $2000?

Thanks in advance

Michaell

Gregor said:

Trying to Lease a GLE 350 2020
- MRSP $63000
- $3000 Down
- 12000 miles/year
- Monthly Lease $825 Including Tax
Is this a good deal?
Is it worth getting the First Class Lease Protection... About $2000?

Thanks in advance

What ZIP code?
What lease term?
What selling price?
What does the $3000 cover, specifically?
I'd skip the lease protection.

Gregor

08873
36 months
Did not get his selling price... bad on me
Just a down payment

Michaell

Gregor said:

08873
36 months
Did not get his selling price... bad on me
Just a down payment

The more information you can obtain, the more we can help....

Gregor

So the selling price is $62k and the $3000 are for DMV, fees and 1st payment

Michaell

Gregor said:

So the selling price is $62k and the $3000 are for DMV, fees and 1st payment

Only $1000 off MSRP?

I think you should work with multiple dealers to ensure you are getting the best price.

.00125 and 57% - those prices give me $847/mo.

So, the quote is in line, it just not a very good discount - that's where you can save money.

Gregor

First, thanks for your responses. The dealer sent me more details so the MSRP is $64210 discounted to $58710. The rest is the same so payments of $820/month all included except $26/month for prepaid maintenance. What do you think, more homework or good deal?

Michaell

Gregor said:

First, thanks for your responses. The dealer sent me more details so the MSRP is $64210 discounted to $58710. The rest is the same so payments of $820/month all included except $26/month for prepaid maintenance. What do you think, more homework or good deal?

You should see a roughly $30/mo drop in payment for every $1000 you shave off the selling price.

I suspect the dealer marked up the MF to make up for the bigger discount.

Have you engaged with multiple dealers? That's truly the best way to know you're getting the best price.