Expected GLC monthly payments

javier0718884

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!

kyfdx

javier0718884 said:

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.

javier0718884

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

kyfdx

javier0718884 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.

dkny330

kyfdx said:

javier0718884 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

kyfdx

dkny330 said:

kyfdx said:

javier0718884 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

dkny330

kyfdx said:

dkny330 said:

kyfdx said:

javier0718884 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.

jalwaaa

Hi,
what is the residual for 10k miles ?

kyfdx

jalwaaa said:

Hi,
what is the residual for 10k miles ?

61%

jalwaaa

is it possible to negotiate the residual to 62%?

Michaell

jalwaaa said:

is it possible to negotiate the residual to 62%?

Residual is set by the bank and cannot be modified. 

jalwaaa

what abt the money factor then? can that be negotiated?

Michaell

jalwaaa said:

what abt the money factor then? can that be negotiated?

Not to anything lower than the base rate. 

jalwaaa

so whats the base rate for the glc ?

Michaell

jalwaaa said:

so whats the base rate for the glc ?

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

scratch14

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??

jalwaaa

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

Michaell

jalwaaa said:

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

We don't track pricing information ....

javier0718884

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

javier0718884

3 year prepaid maintenance*

kyfdx

javier0718884 said:

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?

javier0718884

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!!!

kyfdx

javier0718884 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.

dkny330

javier0718884 said:

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.

javier0718884

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!

kyfdx

javier0718884 said:

kyfdx said:

javier0718884 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.

javier0718884

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

javier0718884

javier0718884 said:

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

manku

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!