2017 Mercedes Benz GLC-Class Lease Questions
Michaell
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Ask your 2017 GLC-class lease questions, here!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Do we have the MF and Residuals for Aug for the 2017 GLC?
What term and mileage? What trim?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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No incentive information for MB
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Coming up the curve as quickly as I can on the concept(s), but assuming .00150 as the base MF, what is the marginal impact of maxing out on MSDs and/or AutoPay on the MF? I have a 2017 GLC3004W on order and expect to take delivery in November, so have plenty of time to negotiate, but want to make sure I know what the heck I'm talking about when I sit down at the table with MB of Manhattan here in NYC.
However, we don't have definitive information as to whether MSDs can be used on an already discounted MF. We've had conflicting information reported by others in the MB discussions.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you very much for getting back to me so quickly!
By way of update, I was just told by MB Manhattan that MSD discounts are not applicable for purchases in New York State (irrespective of the state in which the car will be registered; I am a NJ resident). Convenient that he figured this out only after my build has gone final.
One alternative he suggested was to lump-sum pay the 36 lease term upfront. Reduces MF to 0.00070. I suppose that's worth it if you don't think you can earn >1.7% return putting that money elsewhere. Certainly not in a savings account!
Hope this post helps others somehow -- I certainly learned a lot from combing these forums. Thanks again Michaell for getting back to me.
And, a one-pay might be a better approach, given the savings on the MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What If one decides to pay the entire 36 month sum upfront and something happens to the car, stolen, totaled etc. Is the insurance company still liable to pay anything? Since you have already paid the entire lease amount off? Is it not similar to paying a huge down on the car?
To calculate a single-pay lease, you do it exactly as a normal lease, just with a lower MF, and then add up the payments. If the lease ends early, due to loss, then the lease is assumed to have been paid monthly, and the portion of payments not yet due are returned to the customer. (which of course, changes the lease payoff number, etc, etc).
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2017 GLC300 4matic
MSRP 50875
Selling price 49000
negative equity rolled in 2728.91
Tax 1600
Fees 915 (doc, registration, title)
Cap reduction 2000.00
I was quoted 789. Does that look right? Thanks in advance!
.00130 and 58%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Here are the numbers i received:
vehicle price 50875
selling price 49000
tax 1600
fees 915
trade in value 17000
trade payoff 19728.91
Out the door price 54243.91
Putting 2000 to cover tax/fees - 52243.91
I was originally quoted 0.0017 MF but got that down to 0.0015 (from the above post I thought that was the going rate).
Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I was given an offer at a Massachusetts dealership yesterday of MSRP 50,075, sale price 45,975, and MF of 0.00180. How does this sound? MF seems high to me but the salesman was adamant that this was set by MB Corp.
36/15 residual is 57%
With your prices, I get $618/mo with the .00180 MF and $596/mo with the .00150 MF. Both before tax.
Be polite and tell them you won't sign any deal with an inflated MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
At this point I likely won't be working with this salesman as he seems to be lying about the MF. Moreover the price per month was $657 which I think was because the tax, title, documentation fees were rolled into the total sale price. This may be because I told him I didn't want to put anything down.
MSRP 50,075
SALE PRICE 45,975
TAX 2,895.56
Tag/title 167.50
Documentation 354
Balance forward 49,392.06
36 month, no down 657.01
Please let me know what you think and educate me on what I am missing
Thank you
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is the dealer asking for any up front money when you sign the papers?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
This is my first car purchase and I'm trying to learn all I can about pricing and leasing but this stuff can be overwhelming at times. Thank you for your help.
But in terms of MF, that number is true for Massachusetts, 2017 GLC300, 36/15? As in I should realistically expect a MB dealer to give me a .0015 MF?
I'm sure there is one dealer in your neck of the woods who will work with you and give you the base MF. Might have to travel to get it, however.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
As Michaell stated the base money factor is 0.0015. The dealer is marking this up. Fleet discount will not affect this. Use this site to figure out invoice on your vehicle. Take the fleet discount of the invoice and then negotiate from this number up. Dealer will also try to add an extra $300 to acquisition fee (bank fee). In certain states a dealer or doc fee is also added on. Any extra fee or mark up is profit for the dealer.
Does anyone know the numbers for the various fees and how much the dealership is allowed to mark them up?
Watch for dealer discretionary fees (doc fee, etc). It's always best to ask what those are before starting negotiations. That way, if it's a ridiculous amount, you can lower your offer to compensate.
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When I lease I know the local dealers use the marked up acquisition fee of $1095 and dealer fee of $699. I take this into consideration when coming up with an adjusted cap cost price. I insist on the dealer using the base money factor. Use autopay to get money factor down to 0.0014.
They charged the full mark-up on the acquisition fee which they were unwilling to negotiate about, but I am very happy with the negotiated price and accepted this.
Thank you guys for your input and advice!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Did you also get any of the other packages they have, like the wear and tear package or the tire package etc? If so, how much did that cost you?
What is the Residual Value and Money Factor for a 2017 GLC 4Matic on 36 and 42 month term leases with 10k/yr miles? (Please let me know if I'm missing anything, including any lease term sweet spots.)
Thank you!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Congratulations and enjoy the ride.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The dealer gets about 2% holdback of MRSP from manufacturer. This holdback helps with having to finance a car on their lot. Now if the car goes right from the car carrier, to prep area, and then customer this is profit. Take also into consideration dealer fees, increased acquisition fees, and increased money factor also as profit. At certain times of the year MB will have certificates dealers can use. These certificates can be up to $100 to help move inventory. That being said, as this is a 2017 the dealer is going to maximize profit. If you wait for the winter event, there may be extra cash available off for this vehicle. I will also tell you the past few years, the winter event has been limited to certain models.
thanks so much!