First time leasing a EQE 350 SUV

Ask the Hackrs
,
1

Hello everyone, this is my first time trying to lease a EQE 350 SUV. Here is my game plan after reading several threads and watching tutorials on the leasehackr YouTube channel.

I will leverage the following credits:

My plan is to text/email/call some dealerships and ask for an EQE SUV with the following: 24-month, 10k mile/yr, $3000 drive off.

Questions:

  • Do I need to tell the dealer I’m looking for a monthly payment of <$600?
  • At what point should I tell the dealer I want to use the 7500 EV credit and Amex fleet credit?
  • I’m in california. Are there any other credits I should try to claim other than the federal EV $7500 one?
  • I understand the federal $7500 EV credit goes to the lessor and I need them to pass the savings to me some how. Is there a preferred way for them to pass the savings to me?
  • My joint income (married) is over the $300k limit. I read here that getting the credit is still ok for leasing (just not buying). Is that accurate? Over the Federal EV Tax credit $300K Lease loophole? - #7 by JPGR
  • Should I specifically ask for them to lease me a previous loaner car? I have seen those deals on the forums and they seem like good deals.

Thank you all. I am located in socal. I will come back and add my data point to the thread and update you all.

2

Have you tried Marketplace first?

3

I just sent you a leasing basics sheet that will answer most of your questions.

4

California has such good EQ* Marketplace deals I wouldn’t even consider doing it myself.

5

Just an FYI, AMEX ends forever on Jan 2nd (Posted by a Broker earlier) so this is the month if you want one.

6

Last I checked Amex was only good for a net +$500 over the dealer/lease cash anyone could get.

7

Thank you I’m taking a look there. The deal look great

8

Awesome thank you. One question - is DAS Due at Signing? Basically the same as the down payment or the drive off fee? I assume these are not refundable.

9

Yes, DAS is Due at Signing. It is literally the amount you have to pay signing. For instance, if you do zero down, but $5,000 MSDs, your DAS is $5,000. However, if you decide to pay some of the fees upfront, let’s say $2,500 to cover dealer fees, registration, etc, plus you want to put down $5,000 MSDs, your DAS would be $7,500.