Hello all, first off apologies if i do not have enough information here as I am new to this process. Let me know how I can improve the topic.
I have a lease offer for a former loaner car in the DC/Northern VA area:
2019 E300 AWD 4matic loaded with options
Miles: 5200
Original MSRP: $66,555
Discounted price: $51,555
Terms:
36 Months
10000 miles
$0 down (all taxes/fees are included, i just need first months payment supposedly)
$599 per month
Does this sound like a decent deal? I thought it sounded great but started to panic after reading several other topics and could not make heads or tails of most of them. I was going back to the dealership tomorrow afternoon (Feb 22, 2020) to potentially sign. Again, apologies if this is not enough information. I will try to find out more if there are any questions.
The experts here will say you need to read more. You’re missing pertinent info to be able to evaluate your deal; money factor, residual etc.
Spend more time on the forum and then post the proper info needed. Don’t rush to sign anything or you might be kicking yourself later for not learning enough first.
You’ll see there’s people who’ve rush through the signing process and go home to comb through the deal afterwards when nothing can be done. I advise you not to put yourself in that position. Take your time! Your about to spend thousands of dollars…
Where do you reside OP? Big differences in taxes between MD, DC and VA so that’s a big factor in determining if this is good or not. As others said, you’re missing a lot of key info.
