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2016 Mercedes-Benz GLE Class Lease Questions

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Comments

  • cand1unccand1unc Member Posts: 26
    What dealers are giving the most off MSRP for the 2016 GLE in the NJ/NY/PA area?
  • nycstevenycsteve Member Posts: 2
    Hi,

    Went to the MB dealership (NYC) over the weekend and this is the lease I was offered:

    2016 GLE 350 4matic
    36/10
    MSRP: $59,350
    $3,831.37 due:
    Up front sales tax: $1849.91
    Acquisition fee: $995 (after reading this forum, I see that this could come down to $795)
    License and Reg fee: $247.50
    Dealer document fee: $75
    Sales tax on items: $94.96
    Monthly Payment: $569

    What do you think?
  • MichaellMichaell Moderator Posts: 240,090
    nycsteve said:

    Hi,

    Went to the MB dealership (NYC) over the weekend and this is the lease I was offered:

    2016 GLE 350 4matic
    36/10
    MSRP: $59,350
    $3,831.37 due:
    Up front sales tax: $1849.91
    Acquisition fee: $995 (after reading this forum, I see that this could come down to $795)
    License and Reg fee: $247.50
    Dealer document fee: $75
    Sales tax on items: $94.96
    Monthly Payment: $569

    What do you think?

    What is the selling price?

    .00081 and 57%

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  • nycstevenycsteve Member Posts: 2
    Michaell said:
    Hi, Went to the MB dealership (NYC) over the weekend and this is the lease I was offered: 2016 GLE 350 4matic 36/10 MSRP: $59,350 $3,831.37 due: Up front sales tax: $1849.91 Acquisition fee: $995 (after reading this forum, I see that this could come down to $795) License and Reg fee: $247.50 Dealer document fee: $75 Sales tax on items: $94.96 Monthly Payment: $569 What do you think?
    What is the selling price? .00081 and 57%
    Hi,

    Thanks for the quick response.

    Selling price: $52,116.66
    Got the acquisition fee down to $795
    So now due: $3,581.66
    Monthly payment still: $569



  • MichaellMichaell Moderator Posts: 240,090
    nycsteve said:


    Michaell said:

    nycsteve said:

    Hi,

    Went to the MB dealership (NYC) over the weekend and this is the lease I was offered:

    2016 GLE 350 4matic
    36/10
    MSRP: $59,350
    $3,831.37 due:
    Up front sales tax: $1849.91
    Acquisition fee: $995 (after reading this forum, I see that this could come down to $795)
    License and Reg fee: $247.50
    Dealer document fee: $75
    Sales tax on items: $94.96
    Monthly Payment: $569

    What do you think?

    What is the selling price?

    .00081 and 57%

    Hi,

    Thanks for the quick response.

    Selling price: $52,116.66
    Got the acquisition fee down to $795
    So now due: $3,581.66
    Monthly payment still: $569





    I get $578/mo with those prices; your quote looks strong.

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  • mikeman2kmikeman2k Member Posts: 1
    Looking for Money Factor on a 2016 GLE 400

    Dealer quoted me .00250

    Thank you in advance
  • kyfdxkyfdx Moderator Posts: 235,188
    mikeman2k said:

    Looking for Money Factor on a 2016 GLE 400

    Dealer quoted me .00250

    Thank you in advance

    The GLE 400 gets the Standard money factor.

    We don't know what that is, exactly, but we mostly see .00200-.00220.

    The GLE 350 has a .00081 MF

    It would be much, much cheaper to lease.. exponentially cheaper.

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  • dryrockdryrock Member Posts: 10
    edited June 2016
    Hi, I went to the dealer today for the 2016 gle 350 4 matic 26/12K
    msrp 62000
    selling price 54000
    final price 59000
    mf: 0.00081
    monthly payment: 734
    down payment:0

    I asked him why the selling price is not the same as the net cap cost which is the final price, he told me there is acquisition fee, lease tax fee, blablabla, and I asked him these fee, he said he did not know........

    My question is:

    1. is the selling price should be the same as the final price?
    2. I am in sale tax free state, if I lease car here and register in this state, is there still a lease tax ?

    Thanks a lot!
  • kyfdxkyfdx Moderator Posts: 235,188
    dryrock said:

    Hi, I went to the dealer today for the 2016 gle 350 4 matic 26/12K
    msrp 62000
    selling price 54000
    final price 59000
    mf: 0.00081
    monthly payment: 734
    down payment:0

    I asked him why the selling price is not the same as the net cap cost which is the final price, he told me there is acquisition fee, lease tax fee, blablabla, and I asked him these fee, he said he did not know........

    My question is:

    1. is the selling price should be the same as the final price?
    2. I am in sale tax free state, if I lease car here and register in this state, is there still a lease tax ?

    Thanks a lot!

    .00081 MF and 56% residual for 36/12.

    1) Not necessarily. For instance, the acquisition fee is $795.
    2) Which state do you live in, and which state are you shopping in? Generally, you pay sales tax on a lease in your own state, not where you acquire it.

    There is no way the difference between selling price and final price should be $5000.

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  • dryrockdryrock Member Posts: 10
    kyfdx said:

    dryrock said:

    Hi, I went to the dealer today for the 2016 gle 350 4 matic 26/12K
    msrp 62000
    selling price 54000
    final price 59000
    mf: 0.00081
    monthly payment: 734
    down payment:0

    I asked him why the selling price is not the same as the net cap cost which is the final price, he told me there is acquisition fee, lease tax fee, blablabla, and I asked him these fee, he said he did not know........

    My question is:

    1. is the selling price should be the same as the final price?
    2. I am in sale tax free state, if I lease car here and register in this state, is there still a lease tax ?

    Thanks a lot!

    .00081 MF and 56% residual for 36/12.

    1) Not necessarily. For instance, the acquisition fee is $795.
    2) Which state do you live in, and which state are you shopping in? Generally, you pay sales tax on a lease in your own state, not where you acquire it.

    There is no way the difference between selling price and final price should be $5000.
    Thanks Sir, I am now living in Delaware, shopping in Delaware. In this case, there should be not lease tax with me. Am I correct?
  • kyfdxkyfdx Moderator Posts: 235,188
    dryrock said:

    kyfdx said:

    dryrock said:

    Hi, I went to the dealer today for the 2016 gle 350 4 matic 26/12K
    msrp 62000
    selling price 54000
    final price 59000
    mf: 0.00081
    monthly payment: 734
    down payment:0

    I asked him why the selling price is not the same as the net cap cost which is the final price, he told me there is acquisition fee, lease tax fee, blablabla, and I asked him these fee, he said he did not know........

    My question is:

    1. is the selling price should be the same as the final price?
    2. I am in sale tax free state, if I lease car here and register in this state, is there still a lease tax ?

    Thanks a lot!

    .00081 MF and 56% residual for 36/12.

    1) Not necessarily. For instance, the acquisition fee is $795.
    2) Which state do you live in, and which state are you shopping in? Generally, you pay sales tax on a lease in your own state, not where you acquire it.

    There is no way the difference between selling price and final price should be $5000.
    Thanks Sir, I am now living in Delaware, shopping in Delaware. In this case, there should be not lease tax with me. Am I correct?
    I don't know the tax situation in Delaware. You don't have a sales tax?

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  • dryrockdryrock Member Posts: 10
    kyfdx said:

    dryrock said:

    kyfdx said:

    dryrock said:

    Hi, I went to the dealer today for the 2016 gle 350 4 matic 26/12K
    msrp 62000
    selling price 54000
    final price 59000
    mf: 0.00081
    monthly payment: 734
    down payment:0

    I asked him why the selling price is not the same as the net cap cost which is the final price, he told me there is acquisition fee, lease tax fee, blablabla, and I asked him these fee, he said he did not know........

    My question is:

    1. is the selling price should be the same as the final price?
    2. I am in sale tax free state, if I lease car here and register in this state, is there still a lease tax ?

    Thanks a lot!

    .00081 MF and 56% residual for 36/12.

    1) Not necessarily. For instance, the acquisition fee is $795.
    2) Which state do you live in, and which state are you shopping in? Generally, you pay sales tax on a lease in your own state, not where you acquire it.

    There is no way the difference between selling price and final price should be $5000.
    Thanks Sir, I am now living in Delaware, shopping in Delaware. In this case, there should be not lease tax with me. Am I correct?
    I don't know the tax situation in Delaware. You don't have a sales tax?
    yes, Delaware does not have sale tax, anything we buy here is 0% tax, but I am not sure about the car.
  • kyfdxkyfdx Moderator Posts: 235,188
    dryrock said:

    kyfdx said:

    dryrock said:

    kyfdx said:

    dryrock said:

    Hi, I went to the dealer today for the 2016 gle 350 4 matic 26/12K
    msrp 62000
    selling price 54000
    final price 59000
    mf: 0.00081
    monthly payment: 734
    down payment:0

    I asked him why the selling price is not the same as the net cap cost which is the final price, he told me there is acquisition fee, lease tax fee, blablabla, and I asked him these fee, he said he did not know........

    My question is:

    1. is the selling price should be the same as the final price?
    2. I am in sale tax free state, if I lease car here and register in this state, is there still a lease tax ?

    Thanks a lot!

    .00081 MF and 56% residual for 36/12.

    1) Not necessarily. For instance, the acquisition fee is $795.
    2) Which state do you live in, and which state are you shopping in? Generally, you pay sales tax on a lease in your own state, not where you acquire it.

    There is no way the difference between selling price and final price should be $5000.
    Thanks Sir, I am now living in Delaware, shopping in Delaware. In this case, there should be not lease tax with me. Am I correct?
    I don't know the tax situation in Delaware. You don't have a sales tax?
    yes, Delaware does not have sale tax, anything we buy here is 0% tax, but I am not sure about the car.
    A quick Google search confirms that Delaware does not have a sales tax. However, the state charges a "document fee" of 3.75% on new car sales. So, in essence, a sales tax. Didn't dig into it too deeply, but it probably applies to the full purchase price. That's over $2000 on a vehicle of this price.

    Either way, don't make a deal without the dealer disclosing and itemizing all charges.

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  • dryrockdryrock Member Posts: 10
    kyfdx said:

    dryrock said:

    kyfdx said:

    dryrock said:

    kyfdx said:

    dryrock said:

    Hi, I went to the dealer today for the 2016 gle 350 4 matic 26/12K
    msrp 62000
    selling price 54000
    final price 59000
    mf: 0.00081
    monthly payment: 734
    down payment:0

    I asked him why the selling price is not the same as the net cap cost which is the final price, he told me there is acquisition fee, lease tax fee, blablabla, and I asked him these fee, he said he did not know........

    My question is:

    1. is the selling price should be the same as the final price?
    2. I am in sale tax free state, if I lease car here and register in this state, is there still a lease tax ?

    Thanks a lot!

    .00081 MF and 56% residual for 36/12.

    1) Not necessarily. For instance, the acquisition fee is $795.
    2) Which state do you live in, and which state are you shopping in? Generally, you pay sales tax on a lease in your own state, not where you acquire it.

    There is no way the difference between selling price and final price should be $5000.
    Thanks Sir, I am now living in Delaware, shopping in Delaware. In this case, there should be not lease tax with me. Am I correct?
    I don't know the tax situation in Delaware. You don't have a sales tax?
    yes, Delaware does not have sale tax, anything we buy here is 0% tax, but I am not sure about the car.
    A quick Google search confirms that Delaware does not have a sales tax. However, the state charges a "document fee" of 3.75% on new car sales. So, in essence, a sales tax. Didn't dig into it too deeply, but it probably applies to the full purchase price. That's over $2000 on a vehicle of this price.

    Either way, don't make a deal without the dealer disclosing and itemizing all charges.
    Thank you very much! :)
  • yogimamayogimama Member Posts: 12
    Hello, I'm hoping to get MF, residual and any available info on lease cash for 2016 GLE 350 4matic and 300d 4matic, 36/12 lease. Thank you!
  • MichaellMichaell Moderator Posts: 240,090
    yogimama said:

    Hello, I'm hoping to get MF, residual and any available info on lease cash for 2016 GLE 350 4matic and 300d 4matic, 36/12 lease. Thank you!

    350 - .00049 and 54%
    300d - Standard money factor and 57%

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  • yogimamayogimama Member Posts: 12
    Thanks and wow, that's a really low money factor for Benz isn't it?
  • kyfdxkyfdx Moderator Posts: 235,188
    yogimama said:

    Thanks and wow, that's a really low money factor for Benz isn't it?

    The more mainstream the vehicle, the lower the MF tends to be. GLE and E-Class have been trending lower, lately.

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  • yogimamayogimama Member Posts: 12
    Ah got it, thanks!
  • harv17harv17 Member Posts: 11
    Just thought I would report my deal - hopefully it's helpful to everyone looking:

    16 GLE 350 4MATIC MSRP $60,776
    36/10
    MF 0.00040 with auto pay
    55% residual 
    $2,000 rebate  
    $1,000 due at signing 
    $699 including 7.35% tax and all maintenance

    They just slashed remaining 16's 
  • kyfdxkyfdx Moderator Posts: 235,188
    harv17 said:

    Just thought I would report my deal - hopefully it's helpful to everyone looking:

    16 GLE 350 4MATIC MSRP $60,776
    36/10
    MF 0.00040 with auto pay
    55% residual 
    $2,000 rebate  
    $1,000 due at signing 
    $699 including 7.35% tax and all maintenance

    They just slashed remaining 16's 
    Congrats on the new Mercedes!

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  • spaneeshspaneesh Member Posts: 3
    Hello, 
     
    Looking at a 2016 Gle450 coupe with a $75565 price tag.
    Qualified for "tier 1" during the credit check, but I am new to the whole leasing process.
    And tips I should know for negotiating?
    I live in NYC and looking at a 36/12 or 42/12 lease any residual or MF info available?

    Thanks

  • kyfdxkyfdx Moderator Posts: 235,188
    spaneesh said:

    Hello, 
     
    Looking at a 2016 Gle450 coupe with a $75565 price tag.
    Qualified for "tier 1" during the credit check, but I am new to the whole leasing process.
    And tips I should know for negotiating?
    I live in NYC and looking at a 36/12 or 42/12 lease any residual or MF info available?

    Thanks

    .00129 MF and 54%/50% residual for 36/42 months.

    You want the lowest selling price possible.
    $795 acquisition fee (they can mark it up to $1095)
    They will also most likely try to mark up the money factor for extra profit. You want the base rate.
    NYS doc fees are restricted to $75, so no issues with that.
    Tax is collected upfront on the sum of the payments plus CAP cost reduction. You can roll that amount into the lease and pay it within the payments, if you wish.

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  • cand1unccand1unc Member Posts: 26
    Michaell said:

    nycsteve said:


    Michaell said:

    nycsteve said:

    Hi,

    Went to the MB dealership (NYC) over the weekend and this is the lease I was offered:

    2016 GLE 350 4matic
    36/10
    MSRP: $59,350
    $3,831.37 due:
    Up front sales tax: $1849.91
    Acquisition fee: $995 (after reading this forum, I see that this could come down to $795)
    License and Reg fee: $247.50
    Dealer document fee: $75
    Sales tax on items: $94.96
    Monthly Payment: $569

    What do you think?

    What is the selling price?

    .00081 and 57%

    Hi,

    Thanks for the quick response.

    Selling price: $52,116.66
    Got the acquisition fee down to $795
    So now due: $3,581.66
    Monthly payment still: $569



    I get $578/mo with those prices; your quote looks strong.

    *** What dealership is this?
  • hypermiler3hypermiler3 Member Posts: 5
    Hi,
    I am new to this forum. Can you please help me with the numbers?

    2016 GLE350 4MATIC SUV |
    MSRP = $65,435
    Selling Price = $58460
    36 Months
    10K Miles/ year
    Sunnyvale CA 94086 Tax // 8% ?
    Acquisition Fee = $1095

    Can you please let me know how much are the below numbers for this vehicle? With this information, what are the best numbers should I get for the lease? Are there any lease specials going on for the lease
    July / MF/ Residual Value

    Do you recommend the below packages with the lease? How much should be the lease numbers for this vehicle with and without the below package?

    Maintenance Package = $1125
    Wear Tear Package = $1025

    Have a great week ahead!
  • ineed2knowineed2know Member Posts: 4
    can someone provide residual and money factor for 42/48 month lease? and 10k miles
  • MichaellMichaell Moderator Posts: 240,090

    Hi,
    I am new to this forum. Can you please help me with the numbers?

    2016 GLE350 4MATIC SUV |
    MSRP = $65,435
    Selling Price = $58460
    36 Months
    10K Miles/ year
    Sunnyvale CA 94086 Tax // 8% ?
    Acquisition Fee = $1095

    Can you please let me know how much are the below numbers for this vehicle? With this information, what are the best numbers should I get for the lease? Are there any lease specials going on for the lease
    July / MF/ Residual Value

    Do you recommend the below packages with the lease? How much should be the lease numbers for this vehicle with and without the below package?

    Maintenance Package = $1125
    Wear Tear Package = $1025

    Have a great week ahead!

    .00044 and 55%

    With your MSRP and selling price, I get a payment of $719/mo with tax included.

    This assumes you pay all fees up front.

    The acquisition fee is marked up; base is $795.

    I do not recommend the wear & tear package, but the maintenance package may be a good deal if the dealer adds the cost to the MSRP.

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  • MichaellMichaell Moderator Posts: 240,090

    can someone provide residual and money factor for 42/48 month lease? and 10k miles

    RWD or 4Matic?

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  • ineed2knowineed2know Member Posts: 4
    4matic
  • joshjames1joshjames1 Member Posts: 3
    Hi,

    What is the mf and residual on a 36/15 lease on a GLE 4Matic in Kansas?

    Thank you
  • MichaellMichaell Moderator Posts: 240,090

    can someone provide residual and money factor for 42/48 month lease? and 10k miles

    4matic

    .00044 and 48% / 41%

    (hint; 36 month terms are way better)

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  • MichaellMichaell Moderator Posts: 240,090

    Hi,

    What is the mf and residual on a 36/15 lease on a GLE 4Matic in Kansas?

    Thank you

    .00044 and 52%

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  • calbear05calbear05 Member Posts: 6
    Hi - any MF/Residual for the GLE550e (http://www.mbusa.com/mercedes/vehicles/model/class-GLE/model-GLE550E4) for 36 months and 10k miles?
  • kyfdxkyfdx Moderator Posts: 235,188
    calbear05 said:

    Hi - any MF/Residual for the GLE550e (http://www.mbusa.com/mercedes/vehicles/model/class-GLE/model-GLE550E4) for 36 months and 10k miles?

    .00105 MF and 49% residual

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  • bulderchrisbulderchris Member Posts: 1
    Hi,
    Dealing now in S Florida, 2016 GLE 350 4matic, 36/12, MSRP 64110, 54 residual, .00194 mf. Have not finalized sell price. What should I see in MSRP reduction, and should I see mf closer to .00044?
  • kyfdxkyfdx Moderator Posts: 235,188

    Hi,
    Dealing now in S Florida, 2016 GLE 350 4matic, 36/12, MSRP 64110, 54 residual, .00194 mf. Have not finalized sell price. What should I see in MSRP reduction, and should I see mf closer to .00044?

    .00044 MF and 54% residual.

    I can't help you with the selling price, but that kind of money factor markup could increase your payment by $140-$150 per month!!

    Insist on the base rate, and before negotiating price, ask the dealer what their dealer/doc fee might be. The number may be shocking.

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  • jjrnjjjrnj Member Posts: 13
    Hi. What's the mf and residual for 24 month/12k, 2016 4matic. Thanks!!!
  • MichaellMichaell Moderator Posts: 240,090
    jjrnj said:

    Hi. What's the mf and residual for 24 month/12k, 2016 4matic. Thanks!!!

    Which engine?

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  • jjrnjjjrnj Member Posts: 13
    Sorry. The 350 4matic

    Thanks
  • MichaellMichaell Moderator Posts: 240,090
    jjrnj said:

    Hi. What's the mf and residual for 24 month/12k, 2016 4matic. Thanks!!!

    jjrnj said:

    Sorry. The 350 4matic

    Thanks

    .00044 and 61% for 24/12

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  • mkimnycmkimnyc Member Posts: 7
    Hi,

    Can someone tell me if $1900 initial payment (first month, security, no down), $680/month would be a good deal on a 2016 gle350, MSRP of $64,000 in NY State?

    I'm giving back a 2014 e350 lease.

    What is the MF and residual?

    Thanks!
  • mkimnycmkimnyc Member Posts: 7
    Sorry, the lease terms for the gle350 is 36 months/ 12k miles.
  • MichaellMichaell Moderator Posts: 240,090
    mkimnyc said:

    Hi,

    Can someone tell me if $1900 initial payment (first month, security, no down), $680/month would be a good deal on a 2016 gle350, MSRP of $64,000 in NY State?

    I'm giving back a 2014 e350 lease.

    What is the MF and residual?

    Thanks!

    mkimnyc said:

    Sorry, the lease terms for the gle350 is 36 months/ 12k miles.

    4Matic?

    .00044 and 54%.

    Need to know the adjusted capitalized cost in order to model a payment.

    And, a full breakdown of the $1900 due at signing would help, too.

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  • cand1unccand1unc Member Posts: 26
    Which dealer for that deal?
  • toddlerdadtoddlerdad Member Posts: 11
    Hi, I am in MA. I am looking for MF and residuals for 36/7.5k for an E3504matic. Can I get a lower MF for auto-pay? Also, if I have an AMA EAB form, does the cash back 1000 apply to me also? Thank you for your
    help!
  • kyfdxkyfdx Moderator Posts: 235,188

    Hi, I am in MA. I am looking for MF and residuals for 36/7.5k for an E3504matic. Can I get a lower MF for auto-pay? Also, if I have an AMA EAB form, does the cash back 1000 apply to me also? Thank you for your
    help!

    .00044 MF and 56% residual.

    We hear that autopay reduces the money factor by .00010

    No clue on AMA EAB.

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  • cand1unccand1unc Member Posts: 26
    What do you think about this offer?

    MSRP: $60,870
    Discounted Price: $53,620 ($7250 off)
    Term: 36 mos 15K miles yr
    Residual: 52%

    $686.06 per mo for NJ Out of pocket is around $2222

    Did anyone go with the 20" rim upgrade, its only $750 (Non AMG).

  • MichaellMichaell Moderator Posts: 240,090
    cand1unc said:

    What do you think about this offer?

    MSRP: $60,870
    Discounted Price: $53,620 ($7250 off)
    Term: 36 mos 15K miles yr
    Residual: 52%

    $686.06 per mo for NJ Out of pocket is around $2222

    Did anyone go with the 20" rim upgrade, its only $750 (Non AMG).

    I get $648/mo with those numbers. Find out from the dealer what the adjusted cap cost is; if higher than the discounted price, find out what's been added.

    And, what is the breakdown of the $2222?

    52% and .00044

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • cand1unccand1unc Member Posts: 26
    Mitchell- 1st payment, NJ DMV, Doc/Dealer, MB Acq 795 fees, sales tax is in the payment 7%
  • cand1unccand1unc Member Posts: 26
    MF is 0.00034%
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