Quite a few. Namely you end up taking on a lot more maintenance costs(tires, brakes, etc) and you risk going out of warranty if you go over miles at all.
Most larger SUVs that I have leased recently have been going through tires at 25-30k miles. So a standard 36k mile lease I am now budgeting tires for on 2 ton + SUVs.
For sure check the maintenance schedule and see if you’re going to encounter an additional pricey “B” (or even more involved) service. If yes, the “savings” of going 48 months can quickly be consumed. Even more applicable if you’d encounter a set of tires between months 37 and 48. You could easily be looking at $2k between the two, if you go to dealer for service and don’t shop around for tires.
Those 48 month terms look okay, but we all tend to get itchy feet and then thought of paying for tires and a big service a couple months before grounding can make a person try to escape a lease early, and that’s usually financially unwise.
Just go in aware, is what I’m saying in a long-winded way.
Thanks for all your advice. Switched to 36 months… With 15k miles which I needed to be in my comfort zone. Lease with tax stays at $575. I thought this a a great deal, since no other dealer was coming below 650. This is in NJ.
Today, I went the MB dealership where I bought my last car in 2018 and they are unable to offer more than 10% discount on 2020 GLE 450 MSRP $72000 .
I believe you already got the best.
Hello! Can you please share the information on the dealership you got yours GLE 350?
I’m looking for one, but prices in NY and NJ are way higher than you mentioned.
Thank you in advance,
Lenny .
Unless there is a substantial monthly payment savings with the residual/additional months on 48 vs 36, I would stick with lower 36 term. Get to hack your next lease sooner Also as other mentioned you are risking more liability for maintenance, wear & tear items, etc.