Location: NY
Mercedes: 23’GLB MSRP $49455
$559/mo x 42mo
$4410 sign & drive (includes tax fees etc)
They will absorb my existing lease 21’CRV with 6 months left at $27k payoff quote
Is this a good deal? Thoughts? Negotiations?
I need the lease hacker feedbacks lol
Bad deal. Enjoy your CR-V for another 6 months.
@Batistuta I’m a bit new to this, so I’m just trying to educate myself, and what to look out for.
For what it’s worth, this was supposedly a Friends and family deal.
Out of curiousity, why is it bad?
Why not keep driving your CR-V?
Why a 42 month lease? What is the sale price?
They didn’t disclose sale price. This was through a friend via txt.
42months yield better residual apparently, thus lower monthly .
What was the friends and family discount? What are you currently paying for your CR-V? Have you shopped it around to see how much it is worth?
6 month left at $320month + 450 disposition fee (return back in June30 2024
No clue what the F&F discount is or dollar value.
You can surely text back and ask for the sale price, right?
Fyi, residual is lower for 42 months vs 36 months.
For starters, take a look at broker deals in the Marketplace to get an idea of what type of discount can be had on a 1-year old car.
Yeah im’ not sure why he said 36mo vs 42 then. I dont even have a paper writeup, this was just via a call.
Seems like the consensus is this is a “shit deal” despite the fact being a F&F benefit.
#1 rule is F&F deals are always shit. Keep your CR-V and start reading the forum. You will learn a lot here. You made the most difficult step by finding the forum before signing something. The rest is easy peasy.
Appreciate it lol
Are you ok with an EV?
This is one of broker deals advertised on marketplace for GLB. Compare this with your F&F deal.
Yes!! I even have solar lol.
Look at Nissan Ariya deals in the forum.
Many mainstream Mercedes models (not including EV’s) have always leased better at 42 and 48 months than 36, which is what the dealer was talking about.
While the RV will be lower at 42 or 48 it may only be slightly lower, so it makes the payment more favorable. (I’m currently towards the end of a 42 mo. MB lease, FYI).
But obviously with a longer term there are other factors besides just the payment like registration, tires, maintenance, etc., so take these into account as well.
But this is where you need to take a step back and do some homework. Get the relevant RV/MF numbers for the GLB and plug these into the LH calculator, play around with different terms and see exactly how each prices out.
This way YOU are making the decision of 36/42/48 and not just doing a 42 because the dealer said it was best.
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