Just put a deposit on a GL450 - Page 2

blondboinsd · #1 12-21-2006, 05:24 PM

That doesn't seem like a super steller deal to me, seems downright regular

blondboinsd · #2 12-21-2006, 05:39 PM

Mind If I ask why your putting money down on a lease? Thats a big no/no if you ask me

x5GuyInLA · #3 12-21-2006, 05:41 PM

Also, don't know anything about leases, but I remember someone mentioning that you shouldn't have to put anything down on a lease, as that is essentially just money in the dealer's pocket

Thunder22 · #4 12-21-2006, 06:00 PM

Quote:

Originally Posted by x5GuyInLA

Also, don't know anything about leases, but I remember someone mentioning that you shouldn't have to put anything down on a lease, as that is essentially just money in the dealer's pocket

Correct. If a monthly lease price is say $499 and the dealer asks for say $3600 down on a 36 month lease, they basically just jumped your monthly to $599. It's absurd. They'll also try to build the $3600 back into the lease if you object to it, so make sure you agree on the price of the vehicle before you start talking about the financing. Until the final price is agreed, your answer to the salesman about how you want to finance it should always be "i don't know yet, let's just agree on the price".

x5GuyInLA · #5 12-21-2006, 06:28 PM

Quote:

Originally Posted by gresch

Correct. If a monthly lease price is say $499 and the dealer asks for say $3600 down on a 36 month lease, they basically just jumped your monthly to $599. It's absurd. They'll also try to build the $3600 back into the lease if you object to it, so make sure you agree on the price of the vehicle before you start talking about the financing. Until the final price is agreed, your answer to the salesman about how you want to finance it should always be "i don't know yet, let's just agree on the price".

thanks gresch

IFlyX5 · #6 12-21-2006, 06:34 PM

Quote:

Originally Posted by gresch

Correct. If a monthly lease price is say $499 and the dealer asks for say $3600 down on a 36 month lease, they basically just jumped your monthly to $599. It's absurd. They'll also try to build the $3600 back into the lease if you object to it, so make sure you agree on the price of the vehicle before you start talking about the financing. Until the final price is agreed, your answer to the salesman about how you want to finance it should always be "i don't know yet, let's just agree on the price".

But couldn't they fiddle with the residual value and money factor to get that $3,600 back into their pocket?

Thunder22 · #7 12-21-2006, 08:25 PM

Quote:

Originally Posted by IFlyX5

But couldn't they fiddle with the residual value and money factor to get that $3,600 back into their pocket?

not usually, those are usually set by the finance company.

Jsuit · #8 12-21-2006, 07:40 PM

Quote:

Originally Posted by gresch

Correct. If a monthly lease price is say $499 and the dealer asks for say $3600 down on a 36 month lease, they basically just jumped your monthly to $599. It's absurd. They'll also try to build the $3600 back into the lease if you object to it, so make sure you agree on the price of the vehicle before you start talking about the financing. Until the final price is agreed, your answer to the salesman about how you want to finance it should always be "i don't know yet, let's just agree on the price".

Agreed, we already agreed on price first thing.

blondboinsd · #9 12-21-2006, 05:41 PM

Yupperz no money down!

x5GuyInLA · #10 12-21-2006, 05:42 PM

read my mind BB