21 Mercedes Benz GLE350

CONGRATULATIONS! If you really want your deal to be dissected completely with honest reviews from the hackers and members, delay your signing of the paperwork.

Alternatively if you must sign to tomorrow…You can better your deal with MSDs and 1 pay lease.

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yea, i’ve been watching/shopping the market for roughly 6 months and have gone into lease extension for 2 months and almost hitting the end of my 10 day grace period trying to find a good deal but it’s just not going to happen and i doubt things are going to get better soon so we bit the bullet lol

9500$ just sitting in msds kind of hurts me to even think about not going to lie, i know i would save 2500$ long run but it doesn’t feel smart to tie up that money.

hopefully i get some opinions by my signing appt tmr afternoon, I’ll prob get shit on by a lot of members and told to switch brands :man_shrugging:t2:

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Can you match that high of a guaranteed ROI (not to mention tax free) with other investments? I’d at least considering putting some MSDs even if you don’t want to max out…

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I’ll bring it up tmr, the cars for my parents not me and i don’t think my dad would be a fan of tying up that much cash in a deposit. but we shall see

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I agree & personally dont like to put 10k in deposits and hold it for 3yrs.

Just my 2 cents…If invested smartly it can easily double during the same period!

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While it sucks to have the money tied up, it’s about 8.5% per year return on investment, not the worst use of money.

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No offence but are You sure You can afford this car/payment by not having $9,5k for MSDs? IMO I should have at least $60 to 100k on saving account to afford this car and use wisely MSDs to save more. But this is just me.

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Why not just purchase it? The payment won’t be that different from leasing it and it’s sure to cost less in the long run given how low interest rates are.

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I hope You are not referring to stock market.

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Yep… S&P 500…the index has returned 10-12% annually consistently over long periods of time!

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Is this what GLEs lease for these days? Looks like Mercedes isn’t subsidizing residuals as aggressively as they used to.

If it were me, I’d be laughing all the way to the BMW showroom to get into a X5 (it’s a nicer car too)

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Which would be about the same return rate as MSDs here, especially after tax savings are factored in, but essentially guaranteed on the msds vs who knows what the stock market is going to actually do.

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I agree MSDs are good but to each their own. I personally don’t like doing them given I like to sell my leases or swap before they are up and it’s much easier to say “just pay the transfer fee” vs “You need to give me $7k and at the end you will get it back”.

plans to pull ahead in 33 months (or 30 months if the programs there) and get a better payment. hopefully everything will have gotten back to normal by then lol

i am a fan of the x5, but i actually think the GLE is much nicer. if the car was mine, i just would’ve gotten a loaner x5 and called it a day, or with that payment budget an x6 lol.

Not sure how this comment is relevant to OP. As they stated, the car is for their parents. Even if they had an extra $10k lying around, trying to shame someone for not putting down MSDs makes no sense.

Back to the deal - If that’s the car OP’s parents want and that’s the best deal they were able to negotiate, then not much additional feedback we can provide.

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In this case, MB doesn’t allow lease transfers anymore and if the vehicle is sold, your MSDs come back to you.

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Nice crossover, but paying nearly $1k a month for a GLE is insane.

to each their own I guess

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i agree it’s s class money, i just drove the car though and it’s honestly such an improvement from the previous body