Picking up a new GLE 350 today for my wife...quick question

Oct 31, 2019 | 12:17 PM

jjdepalma

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Joined: Jun 2019

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2020 gle 350

Picking up a new GLE 350 today for my wife...quick question

Ordered a new 2020 GLE for my wife and finally picking up today. Did the 4matic, green, black leather, premium pack, 3rd row, driver assist plus, warmth &comfort, massage seats, 4 zone, pano roof, 21" 5 spoke etc...this our first Benz. Always been an Audi/Porsche household. Is it worth it to prepay the service on the Benz? On her last Audi it wasn't a big savings. Any opinions or feedback is appreciated.
thanks

Oct 31, 2019 | 12:28 PM

GregW / Oregon

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From: Lake Oswego, OR

2020 GLE 450; 2023 BMW M2 Coupe

Prepaid maintenance contract

Quote:

Originally Posted by jjdepalma

Maybe someone can run the numbers, but I think that's correct that it's not a big savings. There are two types of packages, Premier (Required services) & Star (required + recommended services). GLE350/GLE450 "Premier" Level - 2/20k-$890 - 3/30K$1175 - 4/40K-$1545; "Star" 2/20K-$1145 & 3/30K-$1530 (pricing as of earlier this year).

Oct 31, 2019 | 12:49 PM

thenew3

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Joined: Dec 2003

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From: Central Coast, CA

2020 X7 xDrive40i, 2016 X3 sDrive28i

MB raised prices of pre-paid maintenance in the last 3 to 4 years so now it's not much savings (if any) to get the pre-paid maint packages anymore.

The only big savings is now for year 6 & 7 when the spark plugs and transmission flush are needed. Those are big ticket items that makes the pre-paid worth it.
You can buy pre-paid maintenance any time before 8 years 80k miles.

Oct 31, 2019 | 01:06 PM

tommyr

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Joined: Mar 2007

Posts: 293

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From: Boston, MA

25 GLE53, 24 Macan, 15 GLK350

Quote:

Originally Posted by GregW / Oregon

I believe that with a lease you are actually only paying for a portion of the maintenance because the cost is rolled into the purchase price. E.g., if the residual is 57% and the prepaid maintenance cost is rolled in the purchase price, then you are paying 43% of the prepaid maintenance cost (plus a small amount of interest on the other portion).

So for a $1500 plan, 36 month lease, 57% residual, with money factor that equates to 3% interest, you are paying 1500*0.43 + (1500*.57)*.03*3 = $721. Would add roughly $20 a month if I'm correct. That's my understanding, but I could be wrong (again).