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2016 Mercedes GLC Class Lease Questions

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Comments

  • MichaellMichaell ColoradoPosts: 124,344

    kyfdx said:

    Michaell said:

    Hi. Is it a good idea to tell the dealer you will pay this upfront?

    Why lie to them? The more transparent you are, the more transparent you expect them to be.

    If not, walk and find another dealer. Only takes one to make a deal on your terms.
    They accepted my offer via email. What should I ask for as far as paperwork? I am in Miami and the car is in Naples. Should I ask for the car to be delivered to me?
    2-3 hour drive? I'd go pick it up.
    Do you think its too late to negotiate maintenance included? Also, is gap coverage under my insurance policy or with the dealer?
    GAP is included with the lease from MBFS.

    Can't hurt to ask about maintenance...

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    kyfdx said:

    Michaell said:

    Hi. Is it a good idea to tell the dealer you will pay this upfront?

    Why lie to them? The more transparent you are, the more transparent you expect them to be.

    If not, walk and find another dealer. Only takes one to make a deal on your terms.
    They accepted my offer via email. What should I ask for as far as paperwork? I am in Miami and the car is in Naples. Should I ask for the car to be delivered to me?
    2-3 hour drive? I'd go pick it up.
    Do you think its too late to negotiate maintenance included? Also, is gap coverage under my insurance policy or with the dealer?
    GAP is included with the lease from MBFS.

    Can't hurt to ask about maintenance...
    thank you
  • What is the current RV and MF for a 2016 GLC 300. I am being quoted a RV of 58% and MF of .00165. Also what is the average acquisition fee in Texas? They are quoting me $1095.
  • kyfdxkyfdx Posts: 130,616

    What is the current RV and MF for a 2016 GLC 300. I am being quoted a RV of 58% and MF of .00165. Also what is the average acquisition fee in Texas? They are quoting me $1095.

    .00131 MF and 58% residual if the term/mileage is 36/12.

    Base acquisition fee is $795. Dealers are permitted to mark up the fee by $300 for extra profit.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • cbarba80cbarba80 Posts: 42
    Hi looking for MF and residual for 36/10 GLC 300 in los angeles. Also what is the reduction with MB with MSD and how many can you do (sorry new to MB leases)? TIA!
  • go2uclago2ucla Posts: 30
    To: cbarba80. I am in SoCal as well. In general, I believe you can have up to 10 MSDs each being worth .0007 as a reduction in your MF. However, I believe MBFS has a floor on how much one can reduce their MF. I just reserved a 2016 GLC 300 RWD and put 8 MSDs to reduce the MF to .00065 as it made the most sense; this included an auto pay discount of .00001. I will pick up my car on 7/31. I believe I got a great deal. Buy rate MF, 8 MSDs, no mark-up on the acquisition fee and a great discout of MSRP. For a $48.5k GLC I will be paying $499 plus tax; my out the door will be the 8 MSDs, DMV fees, Doc/Misc fees, Aq Fee and 1st payment which total about $2k. Hope this helps with your negotiations.
  • go2uclago2ucla Posts: 30
    To: cbarba80. The total with the 8 MSDs will be about $6400. $2k plus 8 MSD $4.4k. Sorry, I hope that was not misleading.
  • MichaellMichaell ColoradoPosts: 124,344
    cbarba80 said:

    Hi looking for MF and residual for 36/10 GLC 300 in los angeles. Also what is the reduction with MB with MSD and how many can you do (sorry new to MB leases)? TIA!

    .00131 and 59%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • socal59socal59 Posts: 78
    edited July 2016
    go2ucla said:

    To: cbarba80. I am in SoCal as well. In general, I believe you can have up to 10 MSDs each being worth .0007 as a reduction in your MF. However, I believe MBFS has a floor on how much one can reduce their MF. I just reserved a 2016 GLC 300 RWD and put 8 MSDs to reduce the MF to .00065 as it made the most sense; this included an auto pay discount of .00001. I will pick up my car on 7/31. I believe I got a great deal. Buy rate MF, 8 MSDs, no mark-up on the acquisition fee and a great discout of MSRP. For a $48.5k GLC I will be paying $499 plus tax; my out the door will be the 8 MSDs, DMV fees, Doc/Misc fees, Aq Fee and 1st payment which total about $2k. Hope this helps with your negotiations.

    go2ucla, can you share what dealer and what amount you paid for the car? You mentioned msrp, but not selling price. Im guessing you paid around $42500? Thanks


  • go2uclago2ucla Posts: 30
    Socal59: send me a private message and I will reply to you with my dealer contact.
  • mokhan81mokhan81 Posts: 15
    I am looking for 15k mileage . Which lease terms gives me the best RV and MF based on published numbers for a GLC300 rear wheel drive in NY and TX . I am in NY right now but moving to TX in a month so that's another question whether I will get a better pricing in TX or NY ( not clear on it ) .
  • MichaellMichaell ColoradoPosts: 124,344
    mokhan81 said:

    I am looking for 15k mileage . Which lease terms gives me the best RV and MF based on published numbers for a GLC300 rear wheel drive in NY and TX . I am in NY right now but moving to TX in a month so that's another question whether I will get a better pricing in TX or NY ( not clear on it ) .

    Can't help you with pricing, but I would recommend leasing in NY as in TX, sales tax is computed against the entire selling price of the car.

    In NY, sales tax is only calculated against the sum of the payments.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mokhan81mokhan81 Posts: 15
    Can i please get the MF and RV for GLC300 4MATIC ?
  • MichaellMichaell ColoradoPosts: 124,344
    mokhan81 said:

    Can i please get the MF and RV for GLC300 4MATIC ?

    36/15 numbers are .00130 and 59%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • cbarba80cbarba80 Posts: 42
    go2ucla said:

    To: cbarba80. The total with the 8 MSDs will be about $6400. $2k plus 8 MSD $4.4k. Sorry, I hope that was not misleading.

    Thanks and Go Bruins!

  • einstein3einstein3 Posts: 1
    How is this lease deal? 2016 GLC300. Sticker price is $46,755. 3 years. Maintenance included. 15000 miles per year. $1500 down (total amount due at signing). $550/month (tax included).
  • MichaellMichaell ColoradoPosts: 124,344
    einstein3 said:

    How is this lease deal? 2016 GLC300. Sticker price is $46,755. 3 years. Maintenance included. 15000 miles per year. $1500 down (total amount due at signing). $550/month (tax included).

    What is the adjusted cap cost?

    What does the $1500 at signing cover?

    What state and tax rate is this?

    RWD or 4Matic?

    As you can see, not quite enough information to qualify the deal. :sunglasses:

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Are there any numbers for August? 2016 GLC (4matic). 10/12k miles and 24/27/36 month terms (for whatever of those exist)? Thanks.
  • MichaellMichaell ColoradoPosts: 124,344
    skoot1027 said:

    Are there any numbers for August? 2016 GLC (4matic). 10/12k miles and 24/27/36 month terms (for whatever of those exist)? Thanks.

    .00130 and 67% (24/10) / 63% (30/10) / 59% (36/10)

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kekedoukekedou Posts: 1
    edited August 2016
    Hello, May I know the RV and MF in Auguest for GLC300 RWD, 36 month /12k miles in CA. Thanks!
  • MichaellMichaell ColoradoPosts: 124,344
    kekedou said:

    Hello, May I know the RV and MF in Auguest for GLC300 RWD, 36 month /12k miles in CA. Thanks!

    .00131 and 58%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Can you please provide the current 36 month/15k miles MF and RV for a 2016 GLC300 RWD in CA? Thank you!
  • kyfdxkyfdx Posts: 130,616
    kp052612 said:

    Can you please provide the current 36 month/15k miles MF and RV for a 2016 GLC300 RWD in CA? Thank you!

    .00131 MF and 56% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hello, May I know the RV and MF in August for GLC300 AWD, 36 month /12k miles in GA. Thanks!
  • MichaellMichaell ColoradoPosts: 124,344

    Hello, May I know the RV and MF in August for GLC300 AWD, 36 month /12k miles in GA. Thanks!

    .00130 and 58%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • schersinghschersingh Posts: 2
    edited August 2016
    Hello, what is the MF & residual for 2016 GLC in nevada? got a quote for a 2016 GLC, but payment appears to be high and dealer claims they don't do MSD? Does nevada not participate in MSD? Curious if this is a decent deal? MSRP $43345, Sale price $39011, acquisition $1095, residual $25573.55, 10k per year, pmt of $550.94 ($509.42 + tax $41.52). Drive off is $1223.68 (tax $48.49 + Title $29.25 + doc fee $595).
  • kyfdxkyfdx Posts: 130,616

    Hello, what is the MF & residual for 2016 GLC in nevada? got a quote for a 2016 GLC, but payment appears to be high and dealer claims they don't do MSD? Does nevada not participate in MSD? Curious if this is a decent deal? MSRP $43345, Sale price $39011, acquisition $1095, residual $25573.55, 10k per year, pmt of $550.94 ($509.42 + tax $41.52). Drive off is $1223.68 (tax $48.49 + Title $29.25 + doc fee $595).

    .00131 MF and 59% residual for 36/10, assuming 2WD.

    Adding in your acq.fee, I get $489/mo.+tax.
    Acquisition fee is marked up from $795 base amount.
    Guessing that the money factor might be marked up, as well. accounting for the $20/mo. difference.
    That's a big doc fee.

    MSDs? Don't think Nevada would be an issue.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thanks for the response. What is the doc fee supposed to be? Thx in advance. THoughts on this quote? Can i do better?
  • kyfdxkyfdx Posts: 130,616

    Thanks for the response. What is the doc fee supposed to be? Thx in advance. THoughts on this quote? Can i do better?

    The doc fee is whatever the dealer can get away with, in states that don't regulate it.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi,

    Does anyone have the lease rates for September yet? Looking at 10k miles for 36 months on any 2016 models i can find :)
  • MichaellMichaell ColoradoPosts: 124,344
    turn1p said:

    Hi,

    Does anyone have the lease rates for September yet? Looking at 10k miles for 36 months on any 2016 models i can find :)

    RWD or 4Matic?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Could i get both please.
  • Also interested in the September MF and residual for 2016 GLC RWD and 4MATIC for 36 months/10k (in CA).

    A question to the moderators: I've seen people post their offers here and the moderators will say, "Acquisition fee is inflated" or "MF is marked up", etc. What do you recommend we do with that information? Do you actually negotiate the fees or do you negotiate a lower selling price to make up for the marked up fees?

    Also, do you recommend negotiating monthly payments or the selling price when it comes to leasing?

    Thanks so much! Newbie over here :)
  • MichaellMichaell ColoradoPosts: 124,344
    turn1p said:

    Hi,

    Does anyone have the lease rates for September yet? Looking at 10k miles for 36 months on any 2016 models i can find :)

    turn1p said:

    Could i get both please.

    RWD - .00131
    4Matic - .00130

    59% residual for both.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 124,344
    tiffany87 said:

    Also interested in the September MF and residual for 2016 GLC RWD and 4MATIC for 36 months/10k (in CA).

    A question to the moderators: I've seen people post their offers here and the moderators will say, "Acquisition fee is inflated" or "MF is marked up", etc. What do you recommend we do with that information? Do you actually negotiate the fees or do you negotiate a lower selling price to make up for the marked up fees?

    Also, do you recommend negotiating monthly payments or the selling price when it comes to leasing?

    Thanks so much! Newbie over here :)

    RWD - .00131
    4Matic - .00130

    59% residual for both.

    You politely tell the dealer that you won't sign a deal where the acquisition fee or MF is marked up. Then contact other dealers - only takes one to meet your numbers.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi, I just closed a Lease deal for a 2016 GLC300 with Premium Package 1, blind spot assist., Panorama Sunroof and heated seats... and I wanted to know if I got a good deal.

    Retail price: $43,505.00
    Final price: $41,315.71
    Acquisition Fee: $995.00
    Registration and other fees: $571.00
    Security Deposit: $2,750.00

    36 months lease
    10,000 miles per year

    My monthly is $538.88 with taxes included.
    And I paid the security deposit, acquisition & other fees and the first month of lease at the time of sign off.

    Any thoughts?

    Thanks.

    LuisK
  • MichaellMichaell ColoradoPosts: 124,344
    luisk77 said:

    Hi, I just closed a Lease deal for a 2016 GLC300 with Premium Package 1, blind spot assist., Panorama Sunroof and heated seats... and I wanted to know if I got a good deal.

    Retail price: $43,505.00
    Final price: $41,315.71
    Acquisition Fee: $995.00
    Registration and other fees: $571.00
    Security Deposit: $2,750.00

    36 months lease
    10,000 miles per year

    My monthly is $538.88 with taxes included.
    And I paid the security deposit, acquisition & other fees and the first month of lease at the time of sign off.

    Any thoughts?

    Thanks.

    LuisK

    RWD or 4Matic?

    What state and tax rate?

    What was the total amount due at signing?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    luisk77 said:

    Hi, I just closed a Lease deal for a 2016 GLC300 with Premium Package 1, blind spot assist., Panorama Sunroof and heated seats... and I wanted to know if I got a good deal.

    Retail price: $43,505.00
    Final price: $41,315.71
    Acquisition Fee: $995.00
    Registration and other fees: $571.00
    Security Deposit: $2,750.00

    36 months lease
    10,000 miles per year

    My monthly is $538.88 with taxes included.
    And I paid the security deposit, acquisition & other fees and the first month of lease at the time of sign off.

    Any thoughts?

    Thanks.

    LuisK

    RWD or 4Matic?

    What state and tax rate?

    What was the total amount due at signing?

    It's a RWD and I'm in California with 8% tax.
    The total amount due at signing was $4,868.88 ($2,750 + $995 + $571 + $538.88 + $14 of maintenance service).
  • MichaellMichaell ColoradoPosts: 124,344
    luisk77 said:

    Michaell said:

    luisk77 said:

    Hi, I just closed a Lease deal for a 2016 GLC300 with Premium Package 1, blind spot assist., Panorama Sunroof and heated seats... and I wanted to know if I got a good deal.

    Retail price: $43,505.00
    Final price: $41,315.71
    Acquisition Fee: $995.00
    Registration and other fees: $571.00
    Security Deposit: $2,750.00

    36 months lease
    10,000 miles per year

    My monthly is $538.88 with taxes included.
    And I paid the security deposit, acquisition & other fees and the first month of lease at the time of sign off.

    Any thoughts?

    Thanks.

    LuisK

    RWD or 4Matic?

    What state and tax rate?

    What was the total amount due at signing?

    It's a RWD and I'm in California with 8% tax.
    The total amount due at signing was $4,868.88 ($2,750 + $995 + $571 + $538.88 + $14 of maintenance service).
    .00131 and 59% are the base rates.

    With your prices, I get $564/mo with 8% tax added in.

    Can you tell me what the adjusted cap cost is? It might be higher than the selling price.

    Acquisition fee is marked up from the base of $795, so I'm concerned that the MF was marked up, too, before applying the discount for the multiple security deposits.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi Michaell, what is the RV and MF for 36/10 on 2017 GLC300?
  • kyfdxkyfdx Posts: 130,616
    meem333 said:

    Hi Michaell, what is the RV and MF for 36/10 on 2017 GLC300?

    .00153 MF and 60% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!
  • MichaellMichaell ColoradoPosts: 124,344
    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.
    Thanks Michael! Good to know that I got a good deal.
    And regarding the extra $250 they are asking, it's valid to ask them to just absorb it themselves, right? Do you think if I bring the Acquisition fee mark up they will agree? I saw on the internet that people usually don't touch the Acquisition fee since it's one of those flat fees that each dealer has. You can negotiate the MSRP and MF but not the Acquisition fee.
    I just don't want to go back and pay another $250...
  • MichaellMichaell ColoradoPosts: 124,344
    luisk77 said:

    Michaell said:

    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.
    Thanks Michael! Good to know that I got a good deal.
    And regarding the extra $250 they are asking, it's valid to ask them to just absorb it themselves, right? Do you think if I bring the Acquisition fee mark up they will agree? I saw on the internet that people usually don't touch the Acquisition fee since it's one of those flat fees that each dealer has. You can negotiate the MSRP and MF but not the Acquisition fee.
    I just don't want to go back and pay another $250...
    Be polite when you talk to them. You'll likely have to sign a new contract, but work with them to adjust the numbers so the out of pocket amount doesn't change, nor does the payment.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.
    Thanks Michael! Good to know that I got a good deal.
    And regarding the extra $250 they are asking, it's valid to ask them to just absorb it themselves, right? Do you think if I bring the Acquisition fee mark up they will agree? I saw on the internet that people usually don't touch the Acquisition fee since it's one of those flat fees that each dealer has. You can negotiate the MSRP and MF but not the Acquisition fee.
    I just don't want to go back and pay another $250...
    Be polite when you talk to them. You'll likely have to sign a new contract, but work with them to adjust the numbers so the out of pocket amount doesn't change, nor does the payment.
    I see... so no matter what I need a new contract... ok. Thanks for your feedback!!
  • MichaellMichaell ColoradoPosts: 124,344
    luisk77 said:

    Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.
    Thanks Michael! Good to know that I got a good deal.
    And regarding the extra $250 they are asking, it's valid to ask them to just absorb it themselves, right? Do you think if I bring the Acquisition fee mark up they will agree? I saw on the internet that people usually don't touch the Acquisition fee since it's one of those flat fees that each dealer has. You can negotiate the MSRP and MF but not the Acquisition fee.
    I just don't want to go back and pay another $250...
    Be polite when you talk to them. You'll likely have to sign a new contract, but work with them to adjust the numbers so the out of pocket amount doesn't change, nor does the payment.
    I see... so no matter what I need a new contract... ok. Thanks for your feedback!!
    Yeah, a new contract is needed since I'm guessing that MBFS kicked the original one back due to the error.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.
    Thanks Michael! Good to know that I got a good deal.
    And regarding the extra $250 they are asking, it's valid to ask them to just absorb it themselves, right? Do you think if I bring the Acquisition fee mark up they will agree? I saw on the internet that people usually don't touch the Acquisition fee since it's one of those flat fees that each dealer has. You can negotiate the MSRP and MF but not the Acquisition fee.
    I just don't want to go back and pay another $250...
    Be polite when you talk to them. You'll likely have to sign a new contract, but work with them to adjust the numbers so the out of pocket amount doesn't change, nor does the payment.
    I see... so no matter what I need a new contract... ok. Thanks for your feedback!!
    Yeah, a new contract is needed since I'm guessing that MBFS kicked the original one back due to the error.
    Can I then return the car and cancel everything? This is different from the cooling period where they will never cancel a transaction. In my case the contract might be already void so I can just return the car and have my money reimbursed, no?
    Because I got another offer from another dealer: same car but with sport package and my final price will be $39,488 which I think it's even better.
  • MichaellMichaell ColoradoPosts: 124,344
    luisk77 said:

    Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.
    Thanks Michael! Good to know that I got a good deal.
    And regarding the extra $250 they are asking, it's valid to ask them to just absorb it themselves, right? Do you think if I bring the Acquisition fee mark up they will agree? I saw on the internet that people usually don't touch the Acquisition fee since it's one of those flat fees that each dealer has. You can negotiate the MSRP and MF but not the Acquisition fee.
    I just don't want to go back and pay another $250...
    Be polite when you talk to them. You'll likely have to sign a new contract, but work with them to adjust the numbers so the out of pocket amount doesn't change, nor does the payment.
    I see... so no matter what I need a new contract... ok. Thanks for your feedback!!
    Yeah, a new contract is needed since I'm guessing that MBFS kicked the original one back due to the error.
    Can I then return the car and cancel everything? This is different from the cooling period where they will never cancel a transaction. In my case the contract might be already void so I can just return the car and have my money reimbursed, no?
    Because I got another offer from another dealer: same car but with sport package and my final price will be $39,488 which I think it's even better.
    I believe that is an option available to you, yes. Or, you can use the other offer as leverage with your current dealer to get a better deal on the car you have.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    Michaell said:

    luisk77 said:

    **Re-post**
    Hello everyone. I sent a few private messages to Michael but then I figured that it's better to post a message here so everyone can see and refer. It's a long post so...sorry in advance. And Michael, it will be great if you can put your feedback here. Sorry for the other messages on your board.

    I closed a lease deal for a Mercedes Benz 2016 GLC300 and here are the numbers and detailst:

    Car: 2016 Mercedes Benz GLC 300 RWD
    State: Southern California (dealership: Fletcher Jones Motorcars, Irvine, California)
    Features: Standard features plus Blind Spot Assist, Panorama Sunroof, Heated Front Seats and Premium Package 01.
    Total Retail Price on the sticker: $43,505 (Suggested Retail Price for Standard car: $38,950).

    Gross capitalized cost: $42,165.71
    Capitalized cost reduction: None
    Adjusted capitalized cost: $42,165.71
    (The itemization of Gross capitalized cost is: Agreed upon value: $41,315.71. Plus Maintenance agreement $850 = $42,165.71)

    Residual value: $26,110.45
    Depreciation: $16,055.26
    Rent charge: $2,359.82
    Total of base monthly payment: $18,415.08

    Lease term: 36 months and 10,000 miles per year.
    Base monthly payment: $511.53
    Sales tax: $40.92
    Total monthly payment: $552.45

    Regarding the total amount due at signing, here are the details:
    1st month payment: $552.45
    Acquisition: $995
    Sales taxes: $86
    Security Deposit: $2,750
    Registration fee: $101
    License fee: $268
    Document processing fee: $80
    Electronic filing fee: $29
    California tire fee: $7
    Total: $4,868.45

    Michael already commented that the acquisition was marked up. And perhaps the MF was marked up as well. But overall, I think it was a good deal. Not great, but not a rip off either. Do you agree?

    One interesting thing is that one day after I took my car home, I got a call from Financial Dept. They miscalculated the Security Deposit and I have to pay another $250. This is because at the last moment I added the prepaid maintenance service and apparently the guy forgot to add it to the whole equation.
    I'm planning to call them and tell them to consider the short $250 as an additional discount on the MSRP since they marked up the Acquisition fee. But I'm not sure if this appropriate. Any thoughts?
    They say they need to do a new contract with this addition, but if this is the case I just want to cancel the whole thing. Perhaps I'm over-reacting but I just don't like the idea of going back and put more money because they made a mistake. The contract is already signed so they should just forget about it... no?

    Hope this is helpful for somebody else.

    Thanks!

    It looks like a solid deal.

    Congrats, and enjoy the new MB!

    And, thank you for sharing your deal details with the boards.
    Thanks Michael! Good to know that I got a good deal.
    And regarding the extra $250 they are asking, it's valid to ask them to just absorb it themselves, right? Do you think if I bring the Acquisition fee mark up they will agree? I saw on the internet that people usually don't touch the Acquisition fee since it's one of those flat fees that each dealer has. You can negotiate the MSRP and MF but not the Acquisition fee.
    I just don't want to go back and pay another $250...
    Be polite when you talk to them. You'll likely have to sign a new contract, but work with them to adjust the numbers so the out of pocket amount doesn't change, nor does the payment.
    I see... so no matter what I need a new contract... ok. Thanks for your feedback!!
    Yeah, a new contract is needed since I'm guessing that MBFS kicked the original one back due to the error.
    Can I then return the car and cancel everything? This is different from the cooling period where they will never cancel a transaction. In my case the contract might be already void so I can just return the car and have my money reimbursed, no?
    Because I got another offer from another dealer: same car but with sport package and my final price will be $39,488 which I think it's even better.
    I believe that is an option available to you, yes. Or, you can use the other offer as leverage with your current dealer to get a better deal on the car you have.
    Thanks. I will talk to them and see what options I have.
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