Mercedes GLE 450 4matic from CA

Ask the Hackrs
, , ,
1

South California deal

Mercedes GLE 450 4matic with Airmatic suspension. 3 year lease with 12,000 miles a year

MSRP 78,900, paid Drive off $6000 and $989 including tax and was also able to get the adding end of lease (first class lease protection valued at $7,000) paxkage for free.

Do you all think the is a good deal or more room for negotiation?

2

If you already signed it then why are you asking if there’s more room for negotiation? In any event you need to provide way more details before anyone will be able to evaluate this.

3

My bad. I am in the process of signing. what more details do you need?

4

Selling price, incentives, rv, mf the dealer is charging, buy rate MF, cost of the “free” lease protection package

3 Likes
5

It does not look like it. What is the breakdown for the $6K due at signing?

No need to rush into a deal when you do not have all the info to help us evaluate your deal.

6

Read this:

Use the search engine to see what other people have paid for their GLE450 recently.

Why do you need to sign in 24 hours?

2 Likes
7

Whycome …before the big one hits?

8

Maybe dealer offer is only good for 24 hours :grinning:

9

So effectively $1200 a month for GLE?

10

Mercedes GLE 450 sells fast and dealers hardly have them in inventory which is true so he wants to close this deal fast. This one of the profit making cars for them.

11

Of course the dealer wants to do the deal fast, but that’s not your problem and certainly no reason to rush into a poor deal.

12

Clickbait part of the title removed.

Whatever helps you rationalize this act of lighting money on fire. Clearly you’ve made up your mind so go ahead.

And no: There are no magic silver bullets anyone here can throw your way to improve a deal right before you are about to sign.

13

Max, I can afford this car. Was trying to seek advice if the deal makes sense to anyone or if there was further room for negotiation

14

“I can afford the car” is totally diff from “Is this a good deal.”

Since you’re in a rush, here’s the fast answer: you’re deal is not amazing, but inventory is likely very tight, so you probably don’t have much room to negotiate.

Longer answer: you’ve literally not provided any useful information to evaluate the deal any further (including something as basic as the selling price). Provide all that other info, and maybe you’ll get a more helpful response from others.

If you want to rush a deal, you get rushed answers. ::shrug::

2 Likes
15

Thank you.

I’m new to this forum and here is the breakdown

$7000 discount on the car, seller MSRP comes down to 72,000, end of lease protection package cost is $1700 which is waived.

17

Please provide the numbers that I specified at the top of the thread if you’d like to properly evaluate the deal.

18

what does “mf” stand for?

19

Money factor.

If you’re unclear on the basic lease components, I’d recommend reading through the leasing101 here, particularly the articles on how a lease is structured.

20

ok thank you. Will the dealer provide all the details we ask for?

21

You will want to independently verify incentives and buy rate MF.

We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.

  1. Read Leasing 101 (Blog | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!
  2. Pick a specific vehicle that you want to target
  3. Gather the current MF, RV and incentives from Edmunds forums for your zip code
  4. Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
  5. Plug your numbers into the LH calculator, and use a pre-incentive discount similar to what you have seen
  6. Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.

With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.

2 Likes