Hello everyone! This is my first time leasing, I’ve only purchased before - there’s definitely a lot more complexity to figure out here.
I’m trying to understand what a good deal would be on a EQE 350 with an MSRP around $80K, for a 36 month lease. Currently deciding between 10K and 12K miles.
I reached out to my local dealer, and this is what they came back with. Comparing to other posts here, including in the marketplace, this seems a bit high - but I am not sure if I am comparing apples to apples.
There are two questions I want to ask here:
- Is there anywhere I am getting short changed in the numbers? Is the $7,500 credit correctly applied, and are there any other incentives I should know about in SoCal.
- When it comes to negotiating a lease, should I focus on reducing the MSRP, or increasing the residual, lowering the money factor, or something else? With financing/purchasing, there are only two variables, it feels much more complex here.
Some key details:
MSRP: $83,445
Residual @ 10K Miles: 46,729.20
Residual @ 12K Miles: 45,894.75
Money Factor: 0.00229
Open to any other advice or suggestions as well - I’m here to learn! Thanks!