When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Hey, anyone own GLE past 3 yrs from purchase as brand new, who can share the cost of maintenance and repair expense? Is it worth to own the GLE for 5-8 yrs? or just lease new every 3 yrs?
Hey, anyone own GLE past 3 yrs from purchase as brand new, who can share the cost of maintenance and repair expense? Is it worth to own the GLE for 5-8 yrs? or just lease new every 3 yrs?
First 3-4 years is when depreciation is most rapid, which is what’s baked into your lease.
I can’t imagine that the amount of money you loose on it will ever be comparable to the delta of maintenance costs between 1-3 year and years 4-6.
I.e., cycling through leases for maintenance (or even warranty purposes, adjusted for ELW price of it makes you comfortable) is unlikely to ever be lighter on your wallet. That’s likely true for first 7/100 of the ownership.
Hey, anyone own GLE past 3 yrs from purchase as brand new, who can share the cost of maintenance and repair expense? Is it worth to own the GLE for 5-8 yrs? or just lease new every 3 yrs?
Firstly, the basic GLE manufactures warrenty is 4 years. “This basic comprehensive warranty starts on the sale date of the new vehicle, and lasts for 4-years or 50,000-miles whichever occurs first.”
Since “All new Mercedes-Benz vehicles are protected by our New Vehicle Limited Warranty, covering defects in material or workmanship for 48-months or 50,000 miles,” I lease my 2022 for 4 years. I have no intention of going over the 4 years or 50,000 miles by even mile or one hour. I suggest that you bring your check book and Credit cards if your vehicle is in need of repairs and have gone past the original warrenty period without a substantial extended warranty,
I'm not aware of any 3-year estimates, but Edmunds offers 5-Year Total Cost to Own (TCO) estimates, and below is the breakdown for the 2024 GLE53. You'll find their comparison chart here if you want to see how it compares to other vehicles.
I've owned my 2020 GLE450 since January 2020. It now has 40,000 miles on it. I pick and chose what I want serviced and so far I have had 4 oil changes done, 1 brake fluid flush, 6 tires and 1 set of windshield wipers. I did get a windshield courtesy of insurance but I don't recall having anything else done. After I bought it I had it paint corrected and crystal coated which helps to keep it cleaned since it does not see the inside of a garage.
Hey, anyone own GLE past 3 yrs from purchase as brand new, who can share the cost of maintenance and repair expense? Is it worth to own the GLE for 5-8 yrs? or just lease new every 3 yrs?
I have a 2020 GLE 450 for four years now and starting my fifth year. I have had NO repair expenses. For maintenance I have always bought the Mercedes PrePaid program for the service years 1,2,3. The car has 37600 miles and the tires (Michelin) has good tread left and brakes are in good shape. The car is now due for the fourth service and I’m shopping around to a few MB dealers for best price on a 2 year PPM. Extremely happy with this car’s reliability and low maintenance.
Hey, anyone own GLE past 3 yrs from purchase as brand new, who can share the cost of maintenance and repair expense? Is it worth to own the GLE for 5-8 yrs? or just lease new every 3 yrs?
Leasing is not about saving $$$. Leasing is about having a new vehicle every so many years and not thinking about warranty covered things. You're essentially renting a vehicle. Ownership will likely always be less expensive even with out of warranty repairs. Assuming you do a 5 year loan, any repairs after year 5 will still likely be significantly less than a lease or new vehicle payment. Definitely find an independent MB specialist to work with after the warranty period.
I will keep my 2021 GLE for up to 4 years, don’t risk owning these vehicles even a day beyond the 4 year warranty period. They may ( or may not ) be great vehicles, however, they are not that reliable. When I trade in my car , even though it is running perfectly, my feeling is let someone else enjoy it. I don’t want to risk any major expenses, and surely almost all repairs done will be a major expense.
I will keep my 2021 GLE for up to 4 years, don’t risk owning these vehicles even a day beyond the 4 year warranty period. They may ( or may not ) be great vehicles, however, they are not that reliable. When I trade in my car , even though it is running perfectly, my feeling is let someone else enjoy it. I don’t want to risk any major expenses, and surely almost all repairs done will be a major expense.
You do you, but you can pay for a lot of repairs and still be less than a new loan/lease payment.
Example: we have a 2011 BlueTec ML with 168k on it. I think after 13 years of ownership we spent ~10k on repairs. Biggest expenses were:
Timing chain x2 (Don't even get me started on this nonsense)
AC Compressor (After 11 years)
Oil Cooler seals (Seals were cheap ~$6, but buried in the engine's V requiring R&R of the top 1/3 of the engine)
Yeah, I don't get people making this point of not keeping car beyond 4/50 and citing financial reasons. These cars, the luxury ones, depreciate like crazy over 4 years and restarting this cycle over and over is just not great financially for regular private purchases. There are reasons for leasing a vehicle for private purchasers but money saving is certainly not one of them.
To make it worth doing leases over and over, you need to suffer some major and critical breakage (engine / transmission), for those who aren't comfortable with the risk, ELW for non-AMG GLE is like 3.5k for 7/100 (add 15% if bought after 30 days period). Keeping more than 7 years is then personal preference. Critical breakages past that mark will likely render your car a total loss as the residual will be rather low. Having the said, many people drive these cars way past 10 year mark and get lucky.
Critical breakages past that mark will likely render your car a total loss as the residual will be rather low. Having the said, many people drive these cars way past 10 year mark and get lucky.
While an engine/transmission at this time may be more than the worth of the vehicle according to retail, it's still less expensive than a new replacement. Depending on the owner it may even be less expensive than a used replacement in comparable condition. Obviously a new or newer replacement will have other advantages and advancements which is why, I would guess, most usually purchase something at that point. I suppose it's really a question of what is your car lifecycle timeline and then you can likely calculate a cost over that lifetime.
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Slideshow: A one-of-one U.S.-spec Mercedes-Benz SLR McLaren Roadster became even rarer after a factory-backed transformation at McLaren's headquarters.
