Car Lease Contract Review - Financially Good Deal?


Preference is somebody who knows about the financial side of vehicle lease contracts (IE Money Factor, Residual Value, ect) I received the below lease from a dealer in Northern California. My dad (former car salesman) used to always help me with ensuring I don’t get taken advantage of on car leases, but he’s since passed. I wanted to get a ‘deal check’ to see: 1. Is the dealer is trying to ‘hide’ anything in this lease con ![IMG_4120|400x500](upload://1MnpHdYPc6xh5JjtMdw7W8QK8ow.jpeg) tract? 2. Is there room to negotiate on certain aspects? 3. Would I be better off with MSD or not rolling everything into $0 DAS? 4. Should I get the Mercedes Benz lease protection which provides for up to $7,500 in damages waived for $1,895 ($61/month)? This includes new tires at the end of the lease which I figure are ~$1,200 alone at lease end. 5. Is my LeaseHackr calculator setup correctly (link provided)? Terms: 2024 MB EQE 350+ Sedan Prior courtesy vehicle (6,104 miles) 36 months/7,500 miles a year $0 down Eligible for the $7,500 EV tax credit Original MSRP: $86,300 Purchase price: $55,971 Lease protection: $1,895 Residual: $40,198 MF: .0013 Monthly payments: $450/month & $511/month with the lease protection package.

Lease

 

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