2012 ML350 Lease Option - Is this good?

[reeff]

I need some advice on whether or not this is a good deal as it seems like it is to me on the surface. We currently have a C300 (2010) on a 3 year lease and we currently have 18 months left on the contract however the wife wants to upgrade to a ML350 as we have a little one on the way and want more room. We have been working with our local dealer and have come up with the following to return the existing lease adn do a lease with the ML350 for 48 months. Any thoughts? 2012 Mercedes ML350W4 Price: 48,990 Color: Black S01 Package Heated Steering Wheel Brushed Aluminum Running Boards Rear Seat Entertainment pre-wiring SubTotal Price: 53,325 Destination & Delivery Price: 875 Total Price: 54,200 Aftermarkets: USAA = $3000 credit Remaining Lease Payment = 5,791 - 18 months left in C300 Lease. Above consists of 10 months and other 8 months I believe our incurred by dealer by leasing another Mercedes. Total Monthly Payment is 784.75 incl tax for 48 months with 12K a year. Also includes a 3 year maintenance agreement. Here is more data on Residual value & Money factor: Residual Value $24,300 Your car's predicted value at lease-end. Lease Money Factor 0.00241 The factor used to calculate the lease payment. Purchase Option Price $24,650 If you elect to buy the car at lease-end.

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