HLNguyen

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 ...

jtse

With no math, my guess is ~$1000 a month with no down.

HLNguyen

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

bonboon

Down down down down is best

silvertige

You can and should put no money down on a lease.

Count Laszlo

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.

vkk0210

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.

HLNguyen

Thank you everybody for gaving me good idea about leasing .... i will post picture when i get the vehicle

Count Laszlo

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.

skw

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.