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Expected GLC monthly payments

javier0718884javier0718884 Posts: 9
edited November 2015 in Mercedes-Benz
Good afternoon! First time here. would like to have an idea on how much the monthly payment would be, 36 month lease, 12k miles GLC 300 $52,000.00 I do not want to put any cash down, I have excellent credit. Let me know if you can please. thank you!

Comments

  • kyfdxkyfdx Posts: 107,379

    Good afternoon! First time here.

    would like to have an idea on how much the monthly payment would be, 36 month lease, 12k miles
    GLC 300 $52,000.00

    I do not want to put any cash down, I have excellent credit.

    Let me know if you can please.

    thank you!

    We don't have any lease information for the GLC. Hopefully, in December.

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

    Edmunds Moderator

  • Now that the lease information is up on the mbusa website...is there an answer to my earlier question? Thank you!
  • kyfdxkyfdx Posts: 107,379

    Now that the lease information is up on the mbusa website...is there an answer to my earlier question?

    Thank you!

    .00166 MF and 60% residual for 36mo, 12K/yr.

    We would need a proposed selling price to calculate a lease payment.

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

    Edmunds Moderator

  • kyfdx said:

    Now that the lease information is up on the mbusa website...is there an answer to my earlier question?

    Thank you!

    .00166 MF and 60% residual for 36mo, 12K/yr.

    We would need a proposed selling price to calculate a lease payment.
    MSRP - $55K, Selling Price - $51,500. No money down, pay taxes/fees upfront. Thanks
  • kyfdxkyfdx Posts: 107,379
    dkny330 said:

    kyfdx said:

    Now that the lease information is up on the mbusa website...is there an answer to my earlier question?

    Thank you!

    .00166 MF and 60% residual for 36mo, 12K/yr.

    We would need a proposed selling price to calculate a lease payment.
    MSRP - $55K, Selling Price - $51,500. No money down, pay taxes/fees upfront. Thanks
    $654/mo.+tax

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

    Edmunds Moderator

  • kyfdx said:

    dkny330 said:

    kyfdx said:

    Now that the lease information is up on the mbusa website...is there an answer to my earlier question?

    Thank you!

    .00166 MF and 60% residual for 36mo, 12K/yr.

    We would need a proposed selling price to calculate a lease payment.
    MSRP - $55K, Selling Price - $51,500. No money down, pay taxes/fees upfront. Thanks
    $654/mo.+tax
    Thanks - right on target with what I was given! Gonna close the deal today.
  • Hi,
    what is the residual for 10k miles ?
  • kyfdxkyfdx Posts: 107,379
    jalwaaa said:

    Hi,
    what is the residual for 10k miles ?

    61%

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

    Edmunds Moderator

  • is it possible to negotiate the residual to 62%?
  • MichaellMichaell ColoradoPosts: 96,712
    jalwaaa said:
    is it possible to negotiate the residual to 62%?
    Residual is set by the bank and cannot be modified. 

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • what abt the money factor then? can that be negotiated?
  • MichaellMichaell ColoradoPosts: 96,712
    jalwaaa said:
    what abt the money factor then? can that be negotiated?
    Not to anything lower than the base rate. 

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • so whats the base rate for the glc ?
  • MichaellMichaell ColoradoPosts: 96,712
    jalwaaa said:

    so whats the base rate for the glc ?

    .00166. You can use autopay to lower it to .00156.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Dealer in the Buffalo, NY area told me the auto-pay discount was no longer available (I have it on my current lease program for a C300). Has anyone been offered it recently on the GLC or other 2016 Mercedes models??
  • Ok got it. What is the discount of the MSRP people are getting on a lease ?
  • MichaellMichaell ColoradoPosts: 96,712
    jalwaaa said:

    Ok got it. What is the discount of the MSRP people are getting on a lease ?

    We don't track pricing information ....

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Add $14.95 more per month...to add prepaid maintenance.
    lien payoff i called mbfinancial myself...nothing i can do about that.

    is this a good monthly payment? I can give the $2,000.00 in 29 days

    please respond...spents hours and this was their best deal
  • 3 year prepaid maintenance*
  • kyfdxkyfdx Posts: 107,379

    3 year prepaid maintenance*

    $4800 off MSRP is more than I would have thought, though giving some of that back with that monster $700 dealer fee..

    But, those numbers are for a purchase, not a lease. The taxes might be different, and there is no mention of the acquisition fee. Which state do you live in? And, what is your tax rate?

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

    Edmunds Moderator

  • Florida...
    6%
    dont know about the acquisition fee...I'll find out for you tomorrow...

    so in other words...im getting ripped off???

    what should I be paying a month for this?

    The car is beautiful but I feel like paying $725 a month(taxes and maintenance included) is very HIGH

    Thank you!!!


  • kyfdxkyfdx Posts: 107,379

    Florida...
    6%
    dont know about the acquisition fee...I'll find out for you tomorrow...

    so in other words...im getting ripped off???

    what should I be paying a month for this?

    The car is beautiful but I feel like paying $725 a month(taxes and maintenance included) is very HIGH

    Thank you!!!


    Didn't say it was bad, just that they are giving you purchase information and not lease information. Some of it's valid and some isn't (like the taxes). They push a bunch of numbers at you, some of which aren't relevant, and some information missing, then give you a monthly payment, like those numbers led directly to the calculation, when they didn't.

    So, here is what we have:

    $52025 MSRP
    $47222 Selling price
    $795 acquisition fee
    $700 dealer fee (shew.. but, typical for Florida)
    $1600 negative equity

    Adding the four numbers:
    $50317 CAP cost

    .00166 MF and 60% residual for 36/12.

    Payment = $666/mo.+tax = $706/mo.

    Due at signing = 1st payment + $335.25 title/license fees (from your worksheet).
    $1040

    So, $1040 upfront and $706/mo. thereafter.

    About $50/mo. of that is your negative equity.

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

    Edmunds Moderator

  • Add $14.95 more per month...to add prepaid maintenance.
    lien payoff i called mbfinancial myself...nothing i can do about that.

    is this a good monthly payment? I can give the $2,000.00 in 29 days

    please respond...spents hours and this was their best deal

    This seems high! My sticker was $55,300 and final selling price was $51,500 or somewhere around there. Lease for 36 months and 12K miles was $648/mo. No down payment other than taxes up front.
  • kyfdx said:
    Florida...
    6%
    dont know about the acquisition fee...I'll find out for you tomorrow...

    so in other words...im getting ripped off???

    what should I be paying a month for this?

    The car is beautiful but I feel like paying $725 a month(taxes and maintenance included) is very HIGH

    Thank you!!!


    Didn't say it was bad, just that they are giving you purchase information and not lease information. Some of it's valid and some isn't (like the taxes). They push a bunch of numbers at you, some of which aren't relevant, and some information missing, then give you a monthly payment, like those numbers led directly to the calculation, when they didn't. So, here is what we have: $52025 MSRP $47222 Selling price $795 acquisition fee $700 dealer fee (shew.. but, typical for Florida) $1600 negative equity Adding the four numbers: $50317 CAP cost .00166 MF and 60% residual for 36/12. Payment = $666/mo.+tax = $706/mo. Due at signing = 1st payment + $335.25 title/license fees (from your worksheet). $1040 So, $1040 upfront and $706/mo. thereafter. About $50/mo. of that is your negative equity.
    10,000.00 miles a year is the quote in the picture...

    maybe you thought it was 12,000.00

    can you tell me if the numbers change a lot??

    thank you!
  • kyfdxkyfdx Posts: 107,379


    kyfdx said:

    Florida...
    6%
    dont know about the acquisition fee...I'll find out for you tomorrow...

    so in other words...im getting ripped off???

    what should I be paying a month for this?

    The car is beautiful but I feel like paying $725 a month(taxes and maintenance included) is very HIGH

    Thank you!!!


    Didn't say it was bad, just that they are giving you purchase information and not lease information. Some of it's valid and some isn't (like the taxes). They push a bunch of numbers at you, some of which aren't relevant, and some information missing, then give you a monthly payment, like those numbers led directly to the calculation, when they didn't.

    So, here is what we have:

    $52025 MSRP
    $47222 Selling price
    $795 acquisition fee
    $700 dealer fee (shew.. but, typical for Florida)
    $1600 negative equity

    Adding the four numbers:
    $50317 CAP cost

    .00166 MF and 60% residual for 36/12.

    Payment = $666/mo.+tax = $706/mo.

    Due at signing = 1st payment + $335.25 title/license fees (from your worksheet).
    $1040

    So, $1040 upfront and $706/mo. thereafter.

    About $50/mo. of that is your negative equity.

    10,000.00 miles a year is the quote in the picture...

    maybe you thought it was 12,000.00

    can you tell me if the numbers change a lot??

    thank you!

    with 10K/yr, the residual goes up 1% and the payment comes down $13-$15/mo.

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

    Edmunds Moderator

  • javier0718884javier0718884 Posts: 9
    edited December 2015
    kyfdx said:
    kyfdx said:
    Florida...
    6%
    dont know about the acquisition fee...I'll find out for you tomorrow...

    so in other words...im getting ripped off???

    what should I be paying a month for this?

    The car is beautiful but I feel like paying $725 a month(taxes and maintenance included) is very HIGH

    Thank you!!!


    Didn't say it was bad, just that they are giving you purchase information and not lease information. Some of it's valid and some isn't (like the taxes). They push a bunch of numbers at you, some of which aren't relevant, and some information missing, then give you a monthly payment, like those numbers led directly to the calculation, when they didn't. So, here is what we have: $52025 MSRP $47222 Selling price $795 acquisition fee $700 dealer fee (shew.. but, typical for Florida) $1600 negative equity Adding the four numbers: $50317 CAP cost .00166 MF and 60% residual for 36/12. Payment = $666/mo.+tax = $706/mo. Due at signing = 1st payment + $335.25 title/license fees (from your worksheet). $1040 So, $1040 upfront and $706/mo. thereafter. About $50/mo. of that is your negative equity.
    10,000.00 miles a year is the quote in the picture...

    maybe you thought it was 12,000.00

    can you tell me if the numbers change a lot??

    thank you!
    with 10K/yr, the residual goes up 1% and the payment comes down $13-$15/mo.
    Thanks for all the information you gave me! Helped a lot!

    I'll post some pictures next week
  • javier0718884javier0718884 Posts: 9
    edited December 2015


    kyfdx said:


    kyfdx said:

    Florida...
    6%
    dont know about the acquisition fee...I'll find out for you tomorrow...

    so in other words...im getting ripped off???

    what should I be paying a month for this?

    The car is beautiful but I feel like paying $725 a month(taxes and maintenance included) is very HIGH

    Thank you!!!


    Didn't say it was bad, just that they are giving you purchase information and not lease information. Some of it's valid and some isn't (like the taxes). They push a bunch of numbers at you, some of which aren't relevant, and some information missing, then give you a monthly payment, like those numbers led directly to the calculation, when they didn't.

    So, here is what we have:

    $52025 MSRP
    $47222 Selling price
    $795 acquisition fee
    $700 dealer fee (shew.. but, typical for Florida)
    $1600 negative equity

    Adding the four numbers:
    $50317 CAP cost

    .00166 MF and 60% residual for 36/12.

    Payment = $666/mo.+tax = $706/mo.

    Due at signing = 1st payment + $335.25 title/license fees (from your worksheet).
    $1040

    So, $1040 upfront and $706/mo. thereafter.

    About $50/mo. of that is your negative equity.

    10,000.00 miles a year is the quote in the picture...

    maybe you thought it was 12,000.00

    can you tell me if the numbers change a lot??

    thank you!

    with 10K/yr, the residual goes up 1% and the payment comes down $13-$15/mo.

    Thanks for all the information you gave me! Helped a lot!

    I'll post some pictures next week
  • mankumanku Posts: 64
    A good rule of thumb, for ANY lease, is that the total payments + drive off divided by months should be in the 1% of the MSRP of the car.

    For example, a car with a 50K sticker should be around $500 per month to lease. Anything less is generally a good car to lease, more than 1.2x is either a bad lease or a car you shouldn't lease.

    I'm currently leasing a 2015 Ford Edge (MSRP 42K) for $392 including 9% tax. I had zero drive off - on a 36 month/10500 mile lease, I have a total of 35 payments...my monthly is effectively 381, or well under that 1% mark.

    If you're flexible, and don't fall in love with a particular car, you can save a lot of money. Remember: You're just renting the car anyway!
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