Deal check - mb gle 350

Ask the Hackrs
, ,
1

2021 Mercedes Benz GLE p1 350 4 cyl
MSRP: $61,725
Monthly Payment: $1027
Due at signing/down (DMV/Reg): $250
Months: 36
Annual Mileage: 12000
State: NY

2

That looks bad… with that said, 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 (CALCULATOR | LEASEHACKR), 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.

2 Likes
3

I appreciate your thoughtful response. I will do that. @mllcb42

I tried contacting some of the dealers on this site but have not gotten a response back which is a shame since I am ready to purchase now.

4

I would give them 24 hours to respond to you. FWIW, don’t expect a smoking deal. GLEs are normally not good lease candidates, since they are “hot” and dealers are not incentivized to discount them.

1 Like
5

Makes sense. I am not expecting a great deal. I am just trying to avoid signing the bad deals.

6

Looks like they’re charging you sticker. And I would imagine there’s a maintenance plan in there , and maybe even a wheel protection ? There are multiple Mercedes dealers on Long Island plus a multitude of dealers within 1 hour drive in NYC / NJ / westchester . Just looked at two dealers on Long Island that both had 10+ GLE’s in stock . Follow the advice above, get a basic understanding of how they get to that crazy number , check inventory at a few dealers and see who wants to play ball . Or just wait it out until the market the 2022s start to hit the dealership lots . Even with a very low drive off you should be able to do way better then this .

7

What is a realistic lease hacker score I be aiming for?

8

The GLE leases from bad to atrocious … if you don’t want a bad deal you’ll have to pick something else.

9

Forget about the LH score. Focus on the deal you are aiming for or find another car/SUV that leases better.

10

Appreciate the feedback gentlemen.

11

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.