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2019 GLE 400 AWD !

visanicvisanic Member Posts: 45
edited February 2019 in Mercedes-Benz
Looking @ 2019 GLE 400;

Dealer offering $6000 off and mbfs will make up to 2 payments not to exceed $1500. so $7500 off of MSRP of $62,285..

Using .00035 MF, 36/10, 54% residual, no MSD's, 3% sales tax (NC) - I'm at $660 a month for my dream car w/ $1142 drive-off.

Is this a good deal? Also, it this residual correct for the this car?

Thanks!
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    kyfdxkyfdx Moderator Posts: 237,266
    visanic said:

    Looking @ 2019 GLE 400;

    Dealer offering $6000 off and mbfs will make up to 2 payments not to exceed $1500. so $7500 off of MSRP of $62,285..

    Using .00035 MF, 36/10, 54% residual, no MSD's, 3% sales tax (NC) - I'm at $660 a month for my dream car w/ $1142 drive-off.

    Is this a good deal? Also, it this residual correct for the this car?

    Thanks!

    .00054 MF and 54% residual
    $1000 incentive

    That money factor doesn't look right.

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    visanicvisanic Member Posts: 45
    OK 4 MSD's get me there based on that MF.
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    visanicvisanic Member Posts: 45
    @kyfdx- you are absolutely right, MF is .00054. Thank you.
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    kyfdxkyfdx Moderator Posts: 237,266
    visanic said:

    @kyfdx- you are absolutely right, MF is .00054. Thank you.

    Don't forget the acquisition fee. And, dealer fee.

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    visanicvisanic Member Posts: 45
    @kyfdx- thanks I use the Leasehacker calculator which uses $795 for Acquisition fee and $80 dealer fee. Do those numbers seem in line?
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    kyfdxkyfdx Moderator Posts: 237,266
    visanic said:

    @kyfdx- thanks I use the Leasehacker calculator which uses $795 for Acquisition fee and $80 dealer fee. Do those numbers seem in line?

    $795 is the base fee. Dealers can mark it up to $1095.

    Dealer fees in NC tend to be in the $500-$800 range.

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    visanicvisanic Member Posts: 45
    OK, here's the deal I just got- looking for opinions---

    The residual on 10k miles is 53%. The money factor buy rate is correct at .00054.

    I apologize on remaining payments. Out of habit, the first payment is included in up fronts and 35 remain. So, I will take the first payment out of the up fronts and then they will make the second payment as well and you will have 34 remaining.

    Deal:

    36mths
    10k miles per year
    Price 56285
    Residual 53%
    Rate .00054
    Up fronts 1599.97
    Payment 715.54 includes tax
    LEV 33011.05

    To get 54% residual you can only get 7500 miles per year.





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    kyfdxkyfdx Moderator Posts: 237,266
    visanic said:

    OK, here's the deal I just got- looking for opinions---

    The residual on 10k miles is 53%. The money factor buy rate is correct at .00054.

    I apologize on remaining payments. Out of habit, the first payment is included in up fronts and 35 remain. So, I will take the first payment out of the up fronts and then they will make the second payment as well and you will have 34 remaining.

    Deal:

    36mths
    10k miles per year
    Price 56285
    Residual 53%
    Rate .00054
    Up fronts 1599.97
    Payment 715.54 includes tax
    LEV 33011.05

    To get 54% residual you can only get 7500 miles per year.





    I agree.. 53% for 36/10

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    visanicvisanic Member Posts: 45
    does this look like a good deal or do you think I have some more room to negotiate?
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    MichaellMichaell Moderator Posts: 241,337
    kyfdx said:

    visanic said:

    OK, here's the deal I just got- looking for opinions---

    The residual on 10k miles is 53%. The money factor buy rate is correct at .00054.

    I apologize on remaining payments. Out of habit, the first payment is included in up fronts and 35 remain. So, I will take the first payment out of the up fronts and then they will make the second payment as well and you will have 34 remaining.

    Deal:

    36mths
    10k miles per year
    Price 56285
    Residual 53%
    Rate .00054
    Up fronts 1599.97
    Payment 715.54 includes tax
    LEV 33011.05

    To get 54% residual you can only get 7500 miles per year.

    I agree.. 53% for 36/10
    visanic said:

    does this look like a good deal or do you think I have some more room to negotiate?

    What is the MSRP?

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    visanicvisanic Member Posts: 45
    62,285 msrp
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    kyfdxkyfdx Moderator Posts: 237,266
    visanic said:

    62,285 msrp

    Yes, very reasonable.

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    visanicvisanic Member Posts: 45
    Thanks. Yes, I've been getting some ridiculously high quotes from other dealers. Appreciate the inputs!
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