Hi trying to help mother in law analyze a deal. She is currently at the dealership right and do not have a ton of details but any advise is appreciated.
She is currently in a glc 300, payments are $672 per month with 10 payments left (yes I know terrible numbers)
She is trying to get into a GLE 350. MSRP IS $62000, selling price is $55000.
They will absorb final 10 payments on her current car. Drive off is $1500. Lease term is for 48 months. Residual is $29K. Quoted her $869 payment per month tax included in LA county
Sorry this is all I have. How bad does this sound.
She literally called me while at work, saying she’s at the dealer with this nonsense of a deal and just don’t have the time/brain power to analyze it this second. But that’s correct, she has not gotten other estimates for her current vehicle. Thank you guys for the quick input!