im new to leasing, what money factor, residual, and lease or loyalty credits,if any should I be looking for on a 2021 Mercedes Benz GLE 53 Coupe, 36 month, 10,000 per month mile lease zip code of 30305
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 of 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.
Search edmunds 2021 GLE lease forum and ask the question about MF, residual and incentives for the model and trim you want, the length and miles on the lease and your zip.
The best place to start is
Please read links in there such as “how to calculate payments” and other helpful articles.
It might seem like a lot but TBH there are fewer <60 minute exercises which will save you so much time, money and anxiety over your driving lifetime.
It may also save you (after your negotiations with LH input) inside the finance office where no one can from the internet can really help you.
Remember, it’s almost impossible to reverse-engineer the math starting from the output (monthly payment) and figure out if it’s a good deal. Start at the beginning.
Ok, great. Thank you, yes it does seem a bit much but definitely worth the time
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