Can you review this? Seems super overpriced

MK913MK913 Member Posts: 8
edited September 2020 in Mercedes-Benz
Trading in a lease
$44k pay-off and 41k allowance (-3k)

2020 GLE350
Sale price $62,980
Customer cash $1910
Due on delivery $1910
36 months / 7500 miles
$1082.45 monthly
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Answers

  • MichaellMichaell Moderator Posts: 238,140
    MK913 said:

    Trading in a lease
    $44k pay-off and 41k allowance (-3k)

    2020 GLE350
    Sale price $62,980
    Customer cash $1910
    Due on delivery $1910
    36 months / 7500 miles
    $1082.45 monthly

    What is the MSRP?
    What is your location?

    The GLE is not leasing all that well, and the $3K of negative equity isn't doing you any favors (approx. $85/mo added to the payment)

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  • MK913MK913 Member Posts: 8
    Thanks for the quick response!
    Sale price 62,980 and zip 28405
  • kyfdxkyfdx Moderator Posts: 232,939
    MK913 said:

    Thanks for the quick response!
    Sale price 62,980 and zip 28405

    Two numbers: MSRP (sticker price) and sale price (the price after dealer discount)

    Do you have both numbers?

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  • MK913MK913 Member Posts: 8
    Sheet says MSRP $65,390 and sale price $62,890
  • MichaellMichaell Moderator Posts: 238,140
    MK913 said:

    Sheet says MSRP $65,390 and sale price $62,890

    One more question --- RWD or AWD?

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  • MK913MK913 Member Posts: 8
    RWD
  • MichaellMichaell Moderator Posts: 238,140
    @MK913

    .00146 and 57%

    Using the sale price and MSRP you've provided, I calculate $858/mo before tax.

    Roughly $85/mo for the negative equity - $943/mo

    There is an acquisition fee ($795, often marked up to $1095) and a dealer doc fee in NC (amount unknown)

    Do you know how the $1910 up front breaks down?

    MF may be marked up to achieve the dealer quote, but you can see this is going to be an expensive vehicle to lease.

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