I want to trade in my current eqs lease and switch it with GLS. I have 9 months remaining on EQS and the deal I am getting with trade in is I have to put 6k down and my monthly payment will be 1000 including taxes
is this a good deal or shall I wait until my current lease matures?
While I think you’re doing the right thing going from EV back to ICE, the problem is it seems your EQS lease matures in Q1 2026.
Currently, Mercedes does not have an incentive for lease pull-ahead that far in advance. So you’re going to get whacked by the underwater nature of your lease plus you won’t get the loyalty incentive.
I think if you can wait a few months; then you should fall within the window of getting a lease pull ahead + loyalty incentives to make your GLS much more cost effective.
The drawback is that USC and other analysists estimate gasoline will cost $8 per gallon since California policymakers are so anti-gasoline… they’re shutting down production while simultaneously making the imported fuel more difficult to refine. Ugh.
https://www.moneytalksnews.com/california-gas-prices-may-soar-to-over-per-gallon-by/
You are missing many details on the deal. What GLS year is it ? Demo with miles ? What are the new lease terms ? What is the $9k down covering and is that the total DAS or would inceptions be separate ?
its new 2025 model year
I am putting 6k down not 9k- 3k covering current lease payments and 3k towards down payment and terms are 36 months 10k miles a year
Is this from Mercedes Benz of North Olmsted?
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Yeah waited out just like how @holeydonut explained to you so nicely.
“is it a good deal”? NO
For the best “deal” wait till your lease expires OR there is some MB lease pull ahead. Without that you are covering some payments for which you will not have the car. That’s never a good deal.