Local dealer supposedly was giving me a 0 profit friends and family lease on a new GLE…
.00053 MF before 7MSD’s they claimed drove to interest to 0% 53% residual sounded okay…
$60,720 $3,000 in incentives taxes and fees up front…
$638 a month or an additional cap cost of just over $4,000 for a payment of $515 a month…
Didn’t seem like a deal they were not making any money on…
Other local dealer only has loaners… all around 8,000 miles on them and they are supposedly working up a “tremendous deal”… What would be the norm for a discount off of MSRP? does the MF and Residual stay the same on a loaner… Any guess where I should try to be 0 down no MSDs (IN NY) on a originally priced $62,720 loaner?
You will have maintenance due pretty soon. Another thing is that those cars come with runflats that also only last about 10-12K miles. You’ll likely have to do other service items during your lease with that high mileage (brakes), 40K service, etc. Maintenance plans only cover up to 36K miles.
The residual penalty and lack of incentives past 5k miles means it’s doing to take a moonshot discount to make up for that.
On MB I’m pretty sure you can apply incentives past 5k miles. I think the max is 10k miles.
Also, many of them have their service A completed. Mine did and I got it at 8xxx miles. And remember: service is not included with MB. It’s extra and can be Residualized. MB typically require service every 10k or 1 year, whichever comes first.
Lastly, run flats that last only 10k?! Unless they are high performance tires or you drive like a maniac I doubt they have such a short life. Yes you may need to replace them at some point during the lease but that’s pretty much true of most leases 3 years and more assuming 12k a year.
You are thinking of BMW.
That I am. Maybe someone more experienced can chip in how loaner miles effect price
Yep - BMW draws the line at 5k with a large flat residual beat down, and then $0.25 per mile.
With Mercedes, it’s a standard $0.20 per mile <3k miles
Thanks for all the advice! The tires are a great point as my wife’s C300 was in for service at 14k and they were pushing hard for 4 new tires… She should have her pre turn in inspection soon at now 18k so it will be interesting to see if the attempt to ding us…I would fully expect the cars 1st service to be done or it would be a deal breaker… but sure brakes etc would also be a concern around that 37-38k end of lease period too… Not sure if it is realistic based on the fact they were only willing to discount 6% on a 2019 but I am guessing I would need close to 20% off to make it work… I think I am now leaning towards riding out the duration of this lease (june) and seeking out another brand with more favorable leasing terms…
Definitely didn’t drive like a maniac. I can’t remember the exact model anymore. But I had Pirelli run flats on my 2016 GLC and they were at 1/32 after 12,000 miles. Same with my 2013 535GT. I remember looking up the warranty and was shocked to find out that’s exactly how many miles they are rated for. 12K miles.
I don’t doubt it, my wife’s car has conti’s on it she is far from a hard driver and doesn’t hammer the brakes and I know it will be an issue…
My policy with loaners is that if they are crossing the 5K mark, dealer should try to work with you on some sort of reduced maintenance plan so you’re not instantly having to get it service once you drive it back home from the dealership. That’s definitely one of things they can negotiate easily.
Yea I put some good year TripleTreds on my GLC, still more than half of the life remaining after 30K miles. Turning it in on Thursday. They just put really cheap tires on these newer Mercedes/BMW’s.
They will not care that it was not a factory tire?
Pretty sure you can use whatever tire as long as it’s the right size for the car. I would definitely take some Michelin’s over Pirelli’s. All they care about is the tread left + sidewall damage when you return it.