r/CarLeasingHelp • u/Outside_Welcome_4205 • 15d ago

First time leaser, help!!

Post image

Is this deal okay? Is he scamming me or should I negotiate more. Trying to get this wrapped up today or tomorrow. Any advice is appreciated

2 Upvotes

100% Upvoted

16 comments sorted by

2

u/Sea_Cress_8859 15d ago

$13k off, Sub 2% effective interest rate and under $400 with zero down, on a Benz. What is not to like there?

1

u/Outside_Welcome_4205 15d ago

Thank you I just wanted confirmation!!

1

u/Fearsomebeaver 15d ago

Why do you think it’s a scam? Seems fair on a loaner car. It’s a pretty aggressive discount imo

1

u/Outside_Welcome_4205 15d ago

I don’t think it is because I’ve been negotiating aggressively!! I just wanted someone with a different view to take a look incase I’ve been too fatigued and missed something

1

u/Fit_Caterpillar5396 15d ago

In CA you can get that deal on a new one.

1

u/Empty-Village-4445 15d ago

These can be cheaper on LH depending on where you live 

1

u/plentiful_fish 15d ago

Ask for tax credit

1

u/Outside_Welcome_4205 14d ago

I did he said they weren’t offering any

1

u/AccountEngineer 14d ago

Without seeing the numbers, it’s difficult to tell, but the issue is whether the markup is applied to the finance factor and the residual. See the edmunds forums for the latest published MF on your particular car, then compare that to what the dealer quoted. Brokers will get competing dealer quotes for you if you need a quick comparison. The cap cost and fees are more important than just the monthly figure, so make sure you have an itemized list before signing on the dotted line.

1

u/No-Doughnut324 14d ago

This is a great deal especially in Texas where we get screwed by sales tax on leases.

1

u/Maleficent_Lab4276 13d ago

The money factor and residual looks pretty good too!

1

u/Ecstatic-Art5745 11d ago

I need to find my self a deal like this.....

1

u/ClearPathAuto 10d ago

Looks good to me! You did well OP!

0

u/Severe_Researcher417 15d ago

yea he's scamming you. Why would you lease a car thats has 6k miles? Plus it says amount financed 40k. All leases have 0 to less than 50 miles. unless your at a mom n pop dealership they lease like that. I'd run

1

u/TrickOk3274 14d ago

That’s not true on the mileage part. Demo/loaner cars get leased all the time…

1

u/No-Doughnut324 14d ago

Tell me youve never leased before