Signed - 2024 MB GLE 450E PHEV

Signed Deals & Tips
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I just picked up my new MB GLE 450E PHEV yesterday. Thanks to everyone on this forum for your valuable advice, suggestions, and best practices. A special thank you to @derekoh1991 for helping me run some scenarios and for educating my salesperson on the 13 month lease option.

MSRP: $77,500
$5750 trade in (2011 Acura MDX with 115k miles)
$500 AMEX
$7500 PHEV lease credit
$1500 in additional dealer discounts

I put $11k down, with the intention of purchasing it after the lease is over. I am doing a 13 month lease (0.0038 MF) with a $706.55 monthly payment. My residual is $52,584.40. I added a weather and wear protectant on the interior and exterior of the car ($1700), which increased the final cost slightly.

I custom built my car since the ones on the lots didn’t have the specs I wanted. I ordered the car in October and was given a Jan 3 production start date but they delivered the car to the dealership on Jan 4 so it was quicker than anticipated.

LH is the best! Thank you all!

IMG_9522
IMG_95223008Ă—3152 2.46 MB

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Congratulations!!!

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So you put 11k DAS and $5750 trade in? That’s almost $2000/mo effective payment.

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The heart wants what it wants. OP ignored every advise to lease and immediate buyout.

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Refinance/buyout as soon as possible while you can still access new car loan APRs from some lenders.

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Yeah, hoepfully @evitawylie will also make a call into MBFS and confirm what happens if the vehicle needs to evoke the gap waiver should it encounter a total loss situation. That down payment could be at risk; which would entice someone to buy out the lease sooner.

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And cancel that

before buyout. But you know, she won’t do any of it. Because

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In reading this and doing some quick math, if your intent is to purchase what is the point of the 13 month lease?

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That MF is atrocious. Buy it out sooner. Rates on used vehicles is worse.

That 1700 on protectant is wasted.

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Yikes. No matter your intentions, you still put a lot down.

Maybe I am missing something here, but why didn’t just get the gas-powered 450? Wouldn’t that have been financially beneficial?

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I assume the 13 month lease is in order to get the $7500 PHEV credit that is only available through leasing

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Thank you for you service ….enjoy the car !

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Congrats. Why a PHEV at that price? That’s insanely expensive for a 4 cylinder whose value will tank incredibly quickly vs a GLE580. You’ll never makes up the gas savings with the value plummeting as battery technology improves and electrical parts fail over the years. With almost a 2k monthly payment I’d personally prefer a real V8

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OP ignores every advice that will save him thousands of $$$.
I appreciate OP for making EQS deals better

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Congrats Derek for the down payment on his boat

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Woof.

This is the unicorn, but like the other way round.

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lol hmmmm can we throw this into worst deals thread

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Hey, at least she won’t get beat up by the dealer’s goons when he sobers up! How are those ribs healing up?

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6-8 weeks! Fml lol

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That either means 6-8 weeks of no new leases… or you’ll have more free time which means 6-8 more new leases.