Already Signed: GLE 350 Freemont MB dealer

It’s not 6% off if they’ve hidden thousands of dollars in bs dealer add ons and marked up mfs.

2 Likes

Agreed. OP should either post a contract with redacted personal information, or list out what dealer add-ons were purchased.

What’s Edmunds forum is?
I really appreciate your help.

->MB Broker Cali region<-

Spread sheet has a $66k GLE350 listed at $810 with $2500 due at signing.

Not the end of the world scenario. You’ll do better next time now that you found this site.

1 Like

@Yury_S Please refer to these resources:

  1. Leasehacking 101: A Guide to Reading a Lease Contract — LEASEHACKR

  2. Help! Am I Getting A Good Deal? — LEASEHACKR

  3. 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.

  4. Read Leasing 101 (Blog | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!

  5. Pick a specific vehicle that you want to target

  6. Gather the current MF, RV and incentives from Edmunds forums for your zip code

  7. 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?

  8. Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen

  9. 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.

Having current, accurate information for residual value, money factor, and incentives is important in understanding your deal. As such, going directly to a source that has access to that data from the captive banks is your best option. The forums at Edmunds are where we go to get that information, as they have direct access to it from the captive banks. You’ll want to post in the model specific thread for the vehicle you’re interested in and request the most current numbers for your zip code. It is often easiest to find that thread by searching Google for “Edmunds lease” followed by the model of vehicle you’re interested in.

1 Like

Drive this thing like a Fabarge egg :egg:

3 Likes