Year, Make, Model, and Trim: [Mercedes-Benz GLE 350 4Matic]
MSRP: [$61,650]
Selling Price: [$48,500]
Rebates: [$1,500 Penfed Fleet]
Trade-in: [$0]
Months: [36]
Annual Mileage: [12,000]
MF: [0.000280] - 3 MSD
Residual: [~55%]
Security Deposit: [3MSDs]
Total Due At Signing: [$0]
Monthly Payment (not incl. tax): [$400] + tax
if Include Tax ---- I am Viriginia, so tax is bad, adds $80+ per month.
Sales Tax Rate: [4.15%] on whole price.
Leasehackr Score: [12.3]
Thanks to all the contributors to this forum. I know SUVs not lease well right now, looking between QX60, X5 and GLE, ended signing the paper for a 2017 GLE AWD loaner with 5xxx miles this week. Could not be happier. Would not be possible without the help and knowledge here.
This is their most discounted GLE, so when dealer said Max can do is 3 MSDs to bring down to 0.0007, not sure if true, but I did not mind. Acquisition fee they wanted 1095 and I OKed. Sales person is a good guy, the finance manager is pretty good with numbers, he was not familiar with the Penfed discount, but once figured out, no BS after.
Another thing, maybe there is a temp residual boost on gle, edmunds say mine shall be 54%, but at least 2 dealers told me 12K at 56%, and my end paper work residual was 55.xx%, shall be 56%-miles penalty… or maybe their mistake, not sure but I did not want to point it out…