2021 GLE 350 AW in NYC for $899. Good deal or not?

Ask the Hackrs
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1

Hello,

Got the below from a dealer. Just curious what you guys think before I pull the trigger. Thanks!

Year, Make, Model, and Trim: 2021 Benz GLE 350 AW
MSRP: $67445
Selling: $61374.95
Monthly Payment: $899
Drive-Off Amount: $2240
Months: 36
Annual Mileage: 12k
MF: 0.00160
Residual: 56%
Incentives: 0
Region: NY
Leasehackr Score:
Leasehackr Calculator Link:

2

Put the gun down and do not pull the trigger, which dealer if you do not mind me asking?

3

It is practically impossible for us to tell you what a “good” monthly payment is for your specific lease as lease programs are highly dependent on region, personal qualifications, tax rates, etc.

We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.

  1. Read Leasing 101 (Blog | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!
  2. Pick a specific vehicle that you want to target
  3. Gather the current MF, RV and incentives from Edmunds forums for your zip code
  4. Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
  5. Plug your numbers into the LH calculator, and use a pre-incentive discount similar to what you have seen
  6. Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.

With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.

4

If you value your money, you need to forget the GLE.

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5

Lol. It’s Brooklyn Benz. Any particular reasons why?

6

Because you’re paying $900/mo with over 2k out of pocket for a 67k car.

7

What’s up with GLE’s these days? Is everyone making a run for them? Wow… no wonder prices and deals are jacked up

8

There’s a sucker born every minute

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9

I know this isn’t why most people are attracted to this vehicle, but the GLE350’s 0-60 time is only a fraction of a second better than our '08 RX350’s.

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10

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