Im located in SLC area and came across a ‘24 EQE SUV AMG that has been on the lot for 315 days. MSRP is $116K. I plan on leasing for 24/36 12k miles. I have to bury my ‘22 Tesla YP into a lease. I have 4 years left on the loan, and it has 35k on it. We figure the Tesla will be $400/mo. I bought it at the high before Tesla dropped the prices.
What should be a SP for this EQE SUV, and MF?
Thank you in advance for any suggestions.
Have you gotten a price from one of the usual online buyers for your car? And is that 35k miles on it, or $35k left on the loan?
35k miles.
Did you have your MY appraised? What’s it worth?
What’s the balance on your loan?
Critical questions because for every $1k you are upside down, you are adding $30/month plus interest on top of that. So you’ll essentially be financing your negative equity and it severely cuts into your buying power.
Are you looking at the EQE just because it’s a likely place to bury the negative equity? If so, plenty of numbers in the Marketplace for reference.
The appraisal for my Tesla is currently between $28K and $30K, and I still owe about $16K on the loan. The Tesla auto loan is at a 4.5% rate, so the money factor (MF) would need to be significantly lower for refinancing to make sense. I’m hesitant to roll any negative equity into a new loan. Still, if I take advantage of the $7,500 tax incentive and the available Mercedes-Benz discounts, I could pay off both the Tesla and the Mercedes-Benz within three years — a year ahead of Tesla’s loan term.
Why would you have to roll negative if you only owe 16 and it’s worth 25-30?
Sorry, CarMax will give me 30k, so the negative is $16k.
I am looking at leasing an EQE SUV by the end of September and would like to know what % discount should I be looking for as we close out the month.
Can someone please tell me what the MF rate, and residual for a 2024 MB EQE SUV for the month of September.
Thank you in advance for your assistance.
If you sign up as a Super Supporter, you’ll be able to access Ratefindr, which provides that information.
Otherwise, you can ask on the appropriate Edmunds forum.
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.