Notices

2017 GLS450 lease question ... thanks

 
Old 05-12-2016, 03:36 PM
  #1  
Newbie
Thread Starter
 
HLNguyen's Avatar
 
Join Date: Nov 2008
Location: Texas
Posts: 6
Likes: 0
Liked 0 Times in 0 Posts
C350
2017 GLS450 lease question ... thanks

Hi
I very interesting with 2017 GLS450 .... but need some help from you guy ... thank you
2017 GLS450
MSRP : 81,515


So what do you think is a good deal for lease and how much per month should I deal with the dealership ... thanks for your help ...
HLNguyen is offline  
Old 05-13-2016, 02:50 AM
  #2  
Member
 
Join Date: Jan 2003
Posts: 237
Likes: 0
Liked 10 Times in 4 Posts
Originally Posted by HLNguyen View Post
Hi
I very interesting with 2017 GLS450 .... but need some help from you guy ... thank you
2017 GLS450
MSRP : 81,515


So what do you think is a good deal for lease and how much per month should I deal with the dealership ... thanks for your help ...
With no math, my guess is ~$1000 a month with no down.
jtse is offline  
Old 05-13-2016, 08:09 AM
  #3  
Newbie
Thread Starter
 
HLNguyen's Avatar
 
Join Date: Nov 2008
Location: Texas
Posts: 6
Likes: 0
Liked 0 Times in 0 Posts
C350
Originally Posted by jtse View Post
With no math, my guess is ~$1000 a month with no down.
Thanks for replying back to me .... I never lease before that why .... is it better with down down or no down for leasing a vehicle ..... thank you
HLNguyen is offline  
Old 05-13-2016, 10:39 AM
  #4  
Super Member
 
Join Date: Jan 2003
Posts: 529
Liked 26 Times in 19 Posts
--
Originally Posted by HLNguyen View Post
Thanks for replying back to me .... I never lease before that why .... is it better with down down or no down for leasing a vehicle ..... thank you
Down down down down is best
bonboon is offline  
Old 05-13-2016, 11:17 AM
  #5  
Member
 
Join Date: Nov 2015
Posts: 142
Liked 3 Times in 2 Posts
2018 Porsche GT3, 2017 Mercedes GLS550 White/saddle, 2017 Ford Raptor
Originally Posted by HLNguyen View Post
Thanks for replying back to me .... I never lease before that why .... is it better with down down or no down for leasing a vehicle ..... thank you
You can and should put no money down on a lease.
silvertige is offline  
Old 05-13-2016, 12:44 PM
  #6  
Senior Member
 
Count Laszlo's Avatar
 
Join Date: Sep 2011
Location: San Francisco, CA
Posts: 350
Liked 9 Times in 9 Posts
'16 GL550, '12 C350
I would avoid any down-payment, unless you really need to bring down the monthly payment - but again, learn and master the math of a lease before you go in - otherwise they will take you down. LOL.
Count Laszlo is offline  
Old 05-13-2016, 02:18 PM
  #7  
Junior Member
 
Join Date: Jun 2013
Location: PA
Posts: 73
Liked 8 Times in 6 Posts
2017 Mercedes GLS550, 2015 Porsche 911 4S
Typically first month payment, bank acquisition fee, title and registration as down payment.
Don't buy dealer's monthly payment sales pitch. Negotiate the sales price and then do the math.

Cap Cost is nothing much negotiated price of the car
Residual value is always calculated based on MSRP (59% of $81,515)
Term= No. of Months

April MBFS figures (could be same for May):
Residual value for 450 is 59% for 12K miles/36 Months (1% more for 10K miles)
Money factor (Interest rate): .00151

(Cap Cost - Residual)/ term + (Cap Cost + Residual) x MF = Lease payment

Monthly payment= Lease payment + sales taxes

Some states charge taxes for the full price of the car and most states calculate taxes based on the lease payments only.

So, your lease payments depend on the negotiated price of the car.

Last edited by vkk0210; 05-13-2016 at 02:26 PM.
vkk0210 is offline  
Old 05-14-2016, 07:39 AM
  #8  
Newbie
Thread Starter
 
HLNguyen's Avatar
 
Join Date: Nov 2008
Location: Texas
Posts: 6
Likes: 0
Liked 0 Times in 0 Posts
C350
Thank you everybody for gaving me good idea about leasing .... i will post picture when i get the vehicle
HLNguyen is offline  
Old 05-14-2016, 11:36 AM
  #9  
Senior Member
 
Count Laszlo's Avatar
 
Join Date: Sep 2011
Location: San Francisco, CA
Posts: 350
Liked 9 Times in 9 Posts
'16 GL550, '12 C350
Also, get a good lease calcultor, there are a lot of great apps out there... And when you're negotiating, use the app at the same time the finance manager is plugging/adjusting your numbers in their system, and this will ensure you have transparancy into everything. It will also keep the finance manager from pulling tricks on you.
Count Laszlo is offline  
Old 05-22-2016, 12:34 AM
  #10  
skw
Super Member
 
skw's Avatar
 
Join Date: Aug 2012
Location: Boston area
Posts: 563
Liked 27 Times in 26 Posts
2019 GLS450
Originally Posted by HLNguyen View Post
Hi
I very interesting with 2017 GLS450 .... but need some help from you guy ... thank you
2017 GLS450
MSRP : 81,515


So what do you think is a good deal for lease and how much per month should I deal with the dealership ... thanks for your help ...
Sounds like you need to do some research on the math and moving parts of a lease contract. Walking in and asking for x amount per month would be a dealer's dream. Your "cash due at signing" should only be the lease acq fee, 1st mo pymt, doc fee, & reg/lic. What's the base MF and are they marking it up? What incentives are there this month you qualify for? What is the selling price of the vehicle? I talk to so many people that think because it's a lease, they don't have to negotiate the price of the car.
skw is offline  
 

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Thread Tools
Search this Thread
Rate This Thread
Rate This Thread:

Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: