2017 Mercedes Benz GLC-Class Lease Questions

kyfdx

newsed1 said:

The dealer said no one can get the buy rate of 0.00169 and they marked up to 0.00199. How can I bargain?

Tell them you'll move on, if you can't get the buy rate. If that doesn't work, move on.

abd4

I'm interested in leasing a 2017 GLC300. New to leasing so forgive me for stupid questions. The vehicle is for wife who drives a lot for work, so looking at 15,000 miles annually. My wife really does not want a car payment of over $400 a month, but of course wants a luxury vehicle We have about $8k in equity in her trade, more if I sell it myself. Is it worth putting more money down on a lease if our goal is to have smaller payments. Or, could simply put $$$ into an account and have payments drawn from it so that the $$$ is in my control and not MB Financial. Or, should I put $10k down and purchase? My problem with purchasing is my wife will probably want a new vehicle in a couple years and I feel like purchasing is only worth it if you keep the car a few years past paying it off. Also have no issues buying used, but there isn't any used inventory of this vehicle since its a new model. Any thoughts appreciated.

kyfdx

abd4 said:

I'm interested in leasing a 2017 GLC300. New to leasing so forgive me for stupid questions. The vehicle is for wife who drives a lot for work, so looking at 15,000 miles annually. My wife really does not want a car payment of over $400 a month, but of course wants a luxury vehicle We have about $8k in equity in her trade, more if I sell it myself. Is it worth putting more money down on a lease if our goal is to have smaller payments. Or, could simply put $$$ into an account and have payments drawn from it so that the $$$ is in my control and not MB Financial. Or, should I put $10k down and purchase? My problem with purchasing is my wife will probably want a new vehicle in a couple years and I feel like purchasing is only worth it if you keep the car a few years past paying it off. Also have no issues buying used, but there isn't any used inventory of this vehicle since its a new model. Any thoughts appreciated.

If you know you want to sell in three years, then leasing could be good for you, especially if you can stay near the 15K/yr allowance.

Not a good idea to make a big downpayment. If your lease ends early, due to accident/theft, some of that money could be a risk.

Plus, with minimal amount upfront, your payment reflects the true cost of the car. You don't want your wife to think she can really drive a Mercedes for $400/mo. No telling what she will want the next time.

superawe

Here is what I got from dealer:

2017 GLC300 RWD
36month/10k year

MSRP: 48925
Selling Price: 43880.50

Taxable Fees: 109
Doc Fees: 747
Tax: 281.09
Non Tax Fees: 158.50

Net Price: 45176.09

Their quote with $4000 down:
Residual $28977
MF: .00189
Monthly Payment: $560

From reading above it looks like the MF should be around .00169/ I also AutoPay currently and will continue that so another .0001 reduction? Thoughts?

mlevine

Too much money down. Marked up money factor. I suspect in the $4,000 is the marked up acquisition fee of $1095.

chris1235

Does anyone know of any tax credits or incentives in TX for 2017 GLC 300 2WD? Also, how much off MSRP have people been able to get for this model? Looks like @superawe got 10.3% off MSRP.

Michaell

chris1235 said:

Does anyone know of any tax credits or incentives in TX for 2017 GLC 300 2WD? Also, how much off MSRP have people been able to get for this model? Looks like @superawe got 10.3% off MSRP.

No information on tax credits.

No guidance on selling prices - use other posts to help guide you.

chris1235

Thanks for the help. My current lease ends at end of December. Would you anticipate MF to go up or down for 2017 GLC 300 2WD in Jan or Feb? If I can't find the deal I am looking for in December, trying to decide if it makes sense to extend current lease by a month or two and pick up a new lease in Jan or Feb. Thanks!

Michaell

chris1235 said:

Thanks for the help. My current lease ends at end of December. Would you anticipate MF to go up or down for 2017 GLC 300 2WD in Jan or Feb? If I can't find the deal I am looking for in December, trying to decide if it makes sense to extend current lease by a month or two and pick up a new lease in Jan or Feb. Thanks!

No guesses about future numbers.

abd4

kyfdx said:

abd4 said:

I'm interested in leasing a 2017 GLC300. New to leasing so forgive me for stupid questions. The vehicle is for wife who drives a lot for work, so looking at 15,000 miles annually. My wife really does not want a car payment of over $400 a month, but of course wants a luxury vehicle We have about $8k in equity in her trade, more if I sell it myself. Is it worth putting more money down on a lease if our goal is to have smaller payments. Or, could simply put $$$ into an account and have payments drawn from it so that the $$$ is in my control and not MB Financial. Or, should I put $10k down and purchase? My problem with purchasing is my wife will probably want a new vehicle in a couple years and I feel like purchasing is only worth it if you keep the car a few years past paying it off. Also have no issues buying used, but there isn't any used inventory of this vehicle since its a new model. Any thoughts appreciated.

If you know you want to sell in three years, then leasing could be good for you, especially if you can stay near the 15K/yr allowance.

Not a good idea to make a big downpayment. If your lease ends early, due to accident/theft, some of that money could be a risk.

Plus, with minimal amount upfront, your payment reflects the true cost of the car. You don't want your wife to think she can really drive a Mercedes for $400/mo. No telling what she will want the next time.

Thanks. We actually decided to purchase a 3 year old Q5 for now. We had to get rid of our X3 due to poor seats and some maintenance issues. Like the GLC300 more but once we start seeing some used ones come available in a couple years we may trade in the Q5. Thank you for your input.

Michaell

abd4 said:

kyfdx said:

abd4 said:

I'm interested in leasing a 2017 GLC300. New to leasing so forgive me for stupid questions. The vehicle is for wife who drives a lot for work, so looking at 15,000 miles annually. My wife really does not want a car payment of over $400 a month, but of course wants a luxury vehicle We have about $8k in equity in her trade, more if I sell it myself. Is it worth putting more money down on a lease if our goal is to have smaller payments. Or, could simply put $$$ into an account and have payments drawn from it so that the $$$ is in my control and not MB Financial. Or, should I put $10k down and purchase? My problem with purchasing is my wife will probably want a new vehicle in a couple years and I feel like purchasing is only worth it if you keep the car a few years past paying it off. Also have no issues buying used, but there isn't any used inventory of this vehicle since its a new model. Any thoughts appreciated.

If you know you want to sell in three years, then leasing could be good for you, especially if you can stay near the 15K/yr allowance.

Not a good idea to make a big downpayment. If your lease ends early, due to accident/theft, some of that money could be a risk.

Plus, with minimal amount upfront, your payment reflects the true cost of the car. You don't want your wife to think she can really drive a Mercedes for $400/mo. No telling what she will want the next time.

Thanks. We actually decided to purchase a 3 year old Q5 for now. We had to get rid of our X3 due to poor seats and some maintenance issues. Like the GLC300 more but once we start seeing some used ones come available in a couple years we may trade in the Q5. Thank you for your input.

Congrats!

tonybay

Hi Michaell,

My gf got a lease of GLC300 2WD of MSRP $48995 last month (Nov) in Bay Area CA.

MSRP $48,995
Negotiated price $47,995
Down Payment
$5,000 down
36mo/10k
Tax Rate 8.75%
mo. Payment $ 722

I think the mo payment is way too high w/ marked up MF. What do you think about the deal? If the deal is bad and she already signed the lease, is there anyway to minimize the damage?

Thank you so much.

cantonboy

Hi, looking for the MF and residual for GLC300 4Matic in NJ, 3yr/30k miles. Thanks!

kjdq

I've got an offer of the following on a '17 GLC300 RWD:
MSRP $51545
Price $46390
36M 15K
.00169
57% Residual

If I wanted to lease with nothing down and rolling in the $795 acquisition and $975 PPD maintenance, what would my monthly payment be?

kyfdx

tonybay said:

Hi Michaell,

My gf got a lease of GLC300 2WD of MSRP $48995 last month (Nov) in Bay Area CA.

MSRP $48,995
Negotiated price $47,995
Down Payment
$5,000 down
36mo/10k
Tax Rate 8.75%
mo. Payment $ 722

I think the mo payment is way too high w/ marked up MF. What do you think about the deal? If the deal is bad and she already signed the lease, is there anyway to minimize the damage?

Thank you so much.

Not much of a discount. What is the money factor given?
Doesn't look like a very good deal, and there is nothing to do about it now, but learn for the next time.

kyfdx

cantonboy said:

Hi, looking for the MF and residual for GLC300 4Matic in NJ, 3yr/30k miles. Thanks!

.00165 MF and 60% residual

kyfdx

kjdq said:

I've got an offer of the following on a '17 GLC300 RWD:
MSRP $51545
Price $46390
36M 15K
.00169
57% Residual

If I wanted to lease with nothing down and rolling in the $795 acquisition and $975 PPD maintenance, what would my monthly payment be?

$653/mo.+tax. DMV fees and 1st payment due at signing.

mystic504

Hello experts,

What's the RV and MF for GLC300 4Matic at 36/42/48 mos at 7.5K vs 10K?

Thanks!

mystic504

Also, which states close to NM offer MSD leases (as NM doesn't)? Does Louisiana (my family is there)?

kyfdx

mystic504 said:

Hello experts,

What's the RV and MF for GLC300 4Matic at 36/42/48 mos at 7.5K vs 10K?

Thanks!

10K/yr. add 1% for 7.5K

.00165 MF and 60%/54%/49% residual

kyfdx

mystic504 said:

Also, which states close to NM offer MSD leases (as NM doesn't)? Does Louisiana (my family is there)?

Are you sure it's the entire state, and not just one dealer?
As far as we know, every state but New York.

mystic504

Hmm... I'll ask around...

ryansiebecker

Could I have the MF and Residual for the GLC43 in PA? Looking at 10K/36mos. Thanks in advance!

Michaell

ryansiebecker said:

Could I have the MF and Residual for the GLC43 in PA? Looking at 10K/36mos. Thanks in advance!

.00158 and 57%

slq2003

Hi experts, could you provide me with the MF and residual for a 2017 GLC RWD 36/10k in FL?

Thanks guys!

[Deleted User]

I am working with a 3rd party lease dealer. Here is the quote I got:

2017 GLC300 4matic with Premium 1(blindspot, Sirius, Keyless), Heated steering wheel (he said heated seats come with heated steering wheel ?), Trailer hitch

MSRP $44730

Term: 36 months
Miles per year: 10k
Excess Mileage charge: 25 cents per mile
purchase option: $26988
base payment: $561.29
monthly tax @ 6.35 rate: $35.64
total payment with tax (CT) : $596.93

Amount due at signing:

1st month payment: $596.93
Acquisition fee: $795
Fees & Insurance: $649 (Doc Fee = $299, Reg = $349)
Upfront taxes: $91.69
---------------
total COD: $2132

Please let me know if this is a good deal?

kyfdx

slq2003 said:

Hi experts, could you provide me with the MF and residual for a 2017 GLC RWD 36/10k in FL?

Thanks guys!

.00169 MF and 60% residual

kyfdx

sravuri2710 said:

I am working with a 3rd party lease dealer. Here is the quote I got:

2017 GLC300 4matic with Premium 1(blindspot, Sirius, Keyless), Heated steering wheel (he said heated seats come with heated steering wheel ?), Trailer hitch

MSRP $44730

Term: 36 months
Miles per year: 10k
Excess Mileage charge: 25 cents per mile
purchase option: $26988
base payment: $561.29
monthly tax @ 6.35 rate: $35.64
total payment with tax (CT) : $596.93

Amount due at signing:

1st month payment: $596.93
Acquisition fee: $795
Fees & Insurance: $649 (Doc Fee = $299, Reg = $349)
Upfront taxes: $91.69
---------------
total COD: $2132

Please let me know if this is a good deal?

.00165 MF and 60% residual.
That payment would assume a selling price/CAP cost of about $42,900.

Seems you could have negotiated that yourself. Does the broker just negotiate the deal for you, or is the lease through an independent bank? How do they get paid?

[Deleted User]

kyfdx said:

sravuri2710 said:

I am working with a 3rd party lease dealer. Here is the quote I got:

2017 GLC300 4matic with Premium 1(blindspot, Sirius, Keyless), Heated steering wheel (he said heated seats come with heated steering wheel ?), Trailer hitch

MSRP $44730

Term: 36 months
Miles per year: 10k
Excess Mileage charge: 25 cents per mile
purchase option: $26988
base payment: $561.29
monthly tax @ 6.35 rate: $35.64
total payment with tax (CT) : $596.93

Amount due at signing:

1st month payment: $596.93
Acquisition fee: $795
Fees & Insurance: $649 (Doc Fee = $299, Reg = $349)
Upfront taxes: $91.69
---------------
total COD: $2132

Please let me know if this is a good deal?

.00165 MF and 60% residual.
That payment would assume a selling price/CAP cost of about $42,900.

Seems you could have negotiated that yourself. Does the broker just negotiate the deal for you, or is the lease through an independent bank? How do they get paid?

You are right, I reached out to local dealers and got similar quotes. I am trying to negotiate for a better deal with Panoramic roof included. will post the quotes when I get them here for expert suggesgtions. thank you!

boomerang4

I am looking to lease a 2017 GLC300 4Matic at the following terms and options. I am located in NY State .

Lease: 36M/12k/year
MF: .00165
Residual: 59%
MSRP: $48,680 (incl destination)
Price: $46,000 (incl destination)
Bank fee: $1,095
Maint: $750
DMV/Regis/Insp: $265
Tax: 7.375%
$0 money down except tax

OPTIONS
4Matic
Silver Metallic paint
Panoramic Roof
Heated steering wheel
Heated front seats
Burmester Sound
Premium 1
LED lights
Garmin chip

Based on the above I calculate my monthly payment to be $653.78 without tax. I calculate tax at $1,736 which I plan to pay upfront. I would appreciate your feedback on the above negotiated terms and confirmation that my lease payment calculations are correct. Also, I have been told MB does not offer any year end savings for the 2017 GLC300 which I find surprising and would also like confirmation of this. Thank you

boomerang4

MSRP for the above comment is incorrect is should be $49,430.

kyfdx

boomerang4 said:

I am looking to lease a 2017 GLC300 4Matic at the following terms and options. I am located in NY State .

Lease: 36M/12k/year
MF: .00165
Residual: 59%
MSRP: $48,680 (incl destination)
Price: $46,000 (incl destination)
Bank fee: $1,095
Maint: $750
DMV/Regis/Insp: $265
Tax: 7.375%
$0 money down except tax

OPTIONS
4Matic
Silver Metallic paint
Panoramic Roof
Heated steering wheel
Heated front seats
Burmester Sound
Premium 1
LED lights
Garmin chip

Based on the above I calculate my monthly payment to be $653.78 without tax. I calculate tax at $1,736 which I plan to pay upfront. I would appreciate your feedback on the above negotiated terms and confirmation that my lease payment calculations are correct. Also, I have been told MB does not offer any year end savings for the 2017 GLC300 which I find surprising and would also like confirmation of this. Thank you

boomerang4 said:

MSRP for the above comment is incorrect is should be $49,430.

.00165 MF and 59% residual is correct for 36/12.
Were they able to residualize the maintenance? Is that the reason for the MSRP change?

Which numbers did you add to the CAP cost?
Maintenance?
Acquisition fee? (marked up by $300)
DMV fees?
When you calculated residual, did you use your new MSRP at the bottom, or the old one?

Adding in just the acq.fee and the maintenance to the CAP cost, I get $671.59/mo.
I think you've calculated the tax correctly, on the payment you calculated.

I'm not surprised there are no deals on the GLC. It's very, very popular.

boomerang4

Thanks for your prompt response. Regarding your questions, I used $49,430 to calculate residual and came up with $29,164. Dealer agreed to $500 over invoice for selling cost. My total Capital cost includes everything (0 money down) except taxes, for a total of $48,110 ($46,000 + 2,110 for Maint,Bank, DMV). This equates to a monthly payment of $653.78, not including tax which I plan to pay up front.

Thanks for your feedback.

kyfdx

boomerang4 said:

Thanks for your prompt response. Regarding your questions, I used $49,430 to calculate residual and came up with $29,164. Dealer agreed to $500 over invoice for selling cost. My total Capital cost includes everything (0 money down) except taxes, for a total of $48,110 ($46,000 + 2,110 for Maint,Bank, DMV). This equates to a monthly payment of $653.78, not including tax which I plan to pay up front.

Thanks for your feedback.

I must have had a data entry problem, the first time. I get the same number.

gotarheels

Hi. I live in Atlanta. Negotiating a 36 month/12k lease on a 2017 GLC RWD with MSRP of $50,825. Dealer is given $2000 discount plus $1000 Conquest for cap cost of $47,825. GA Tax is 7% and dealer state fees are $590. Residual is 59%. Dealer is quoting $875.64 with all taxes/fees rolled in and $0 drive off. Money factor seems high....appreciate insight. Thank you.

kyfdx

gotarheels said:

Hi. I live in Atlanta. Negotiating a 36 month/12k lease on a 2017 GLC RWD with MSRP of $50,825. Dealer is given $2000 discount plus $1000 Conquest for cap cost of $47,825. GA Tax is 7% and dealer state fees are $590. Residual is 59%. Dealer is quoting $875.64 with all taxes/fees rolled in and $0 drive off. Money factor seems high....appreciate insight. Thank you.

.00169 MF and 59% residual.
$627/mo, with no fees or taxes.
Adding $5800 for taxes fees and first payment?
($3600 tax, $795 acq.fee, $590 fees, $875 1st payment?)
That gets me to $797/mo.

I'd ask for the adjusted CAP cost and an itemization.

carsabe

Hello,

Could you please share some info about the 2017 GLC43 AMG market pricing and lease terms?

What % off MSRP should I aim for when shopping?
And also, what MF and RV should I be asking to get for a 36mo/10k and 36mo/12k miles?

I'm in the New Orleans area.

Thanks

Michaell

carsabe said:

Hello,

Could you please share some info about the 2017 GLC43 AMG market pricing and lease terms?

What % off MSRP should I aim for when shopping?
And also, what MF and RV should I be asking to get for a 36mo/10k and 36mo/12k miles?

I'm in the New Orleans area.

Thanks

.00158 and 57% or 56%

We don't track pricing; you may want to review the last few pages of this discussion to see what others have been able to negotiate.

Alternatively, use the "make / model / year" pull downs at the top of the page to link to the price tools.

thisgirljo

Hello, Can you please advise on the MF and residual on GLC300 in CA? As well as 10 MSDs?

Michaell

thisgirljo said:

Hello, Can you please advise on the MF and residual on GLC300 in CA? As well as 10 MSDs?

Assuming RWD ...

.00169 and 57% for 36/15

MSDs would bring the MF down to .00119 (we think)

thisgirljo

Michaell said:

thisgirljo said:

Hello, Can you please advise on the MF and residual on GLC300 in CA? As well as 10 MSDs?

Assuming RWD ...

.00169 and 57% for 36/15

MSDs would bring the MF down to .00119 (we think)

Hi Michaell,
Thanks for that information. Yes RWD, sorry can you also provide 36/10?

I've had a couple dealers tell me that the MSDs won't bring down the MF. Can you shed some light on whether MSDs lowering monthly payments is something dealers are likely to work with? It seems more common practice with BMWs...

Michaell

thisgirljo said:

Michaell said:

thisgirljo said:

Hello, Can you please advise on the MF and residual on GLC300 in CA? As well as 10 MSDs?

Assuming RWD ...

.00169 and 57% for 36/15

MSDs would bring the MF down to .00119 (we think)

Hi Michaell,
Thanks for that information. Yes RWD, sorry can you also provide 36/10?

I've had a couple dealers tell me that the MSDs won't bring down the MF. Can you shed some light on whether MSDs lowering monthly payments is something dealers are likely to work with? It seems more common practice with BMWs...

60% residual for 36/10

MSDs will bring down the MF - the problem, as you are finding, is that MSD is randomly applied by MB dealers. We've had folks tell us MSD can only be used against the Standard MF from MB; others have said that it can be applied against a subvented MF, such as the one for the GLC.

Contact multiple dealers and see if you can get an answer you are happy with. That becomes the dealer you work with.

I agree, that BMW's program is much more transparent.

dewarsandsoda

Now its my turn to get myself a car, Michaell. To that end, can you please provide me with the December RV and MF for GLC43 AMG in SoCal for the following terms?
- 24/12
- 30/12
- 36/12

Assuming I can use MSDs on the MF, what's the max number of MSD's and resulting reduction?

Is there any lease cash or incentives available?

Cheers!

Michaell

dewarsandsoda said:

Now its my turn to get myself a car, Michaell. To that end, can you please provide me with the December RV and MF for GLC43 AMG in SoCal for the following terms?
- 24/12
- 30/12
- 36/12

Assuming I can use MSDs on the MF, what's the max number of MSD's and resulting reduction?

Is there any lease cash or incentives available?

Cheers!

64% / 60% / 56% and .00158

MB allows max 10 MSDs, deduct .00005 per

No incentive info on MB

slq2003

Hi Michaell,

Seeking your expertise. Now looking into leasing the Coupe...

MSRP: $54,435

Lease term: 36/10k

Total due at signing: $1,500

Discount: approx. 9% (was told it's almost 5k off sticker) and is including free maintenance

Total monthly including FL tax: $699.00

Does this seem like a sound deal. Could I do better? 

Your help is greatly appreciated!

kyfdx

slq2003 said:

Hi Michaell,

Seeking your expertise. Now looking into leasing the Coupe...

MSRP: $54,435

Lease term: 36/10k

Total due at signing: $1,500

Discount: approx. 9% (was told it's almost 5k off sticker) and is including free maintenance

Total monthly including FL tax: $699.00

Does this seem like a sound deal. Could I do better? 

Your help is greatly appreciated!

.00152 MF and 60% residual.

About $653/mo. pre-tax..
$51,550 adjusted CAP cost to get that number.
9% off is $49,535. $795 for acquisition fee. Leaves us about $1200 high.
Your $1500 should cover any other charges, other than the first payment.

slq2003

kyfdx said:

Hi Michaell,

Seeking your expertise. Now looking into leasing the Coupe...

MSRP: $54,435

Lease term: 36/10k

Total due at signing: $1,500

Discount: approx. 9% (was told it's almost 5k off sticker) and is including free maintenance

Total monthly including FL tax: $699.00

Does this seem like a sound deal. Could I do better? 

Your help is greatly appreciated!

.00152 MF and 60% residual. About $653/mo. pre-tax.. $51,550 adjusted CAP cost to get that number. 9% off is $49,535. $795 for acquisition fee. Leaves us about $1200 high. Your $1500 should cover any other charges, other than the first payment.

Thanks for the response. My salesman just came back with $653 tax included, still with $1500 total due at signing and free maintenance. I think I'm going to go ahead and pull the trigger. 

Michaell

slq2003 said:

kyfdx said:

slq2003 said:

Hi Michaell,

Seeking your expertise. Now looking into leasing the Coupe...

MSRP: $54,435

Lease term: 36/10k

Total due at signing: $1,500

Discount: approx. 9% (was told it's almost 5k off sticker) and is including free maintenance

Total monthly including FL tax: $699.00

Does this seem like a sound deal. Could I do better? 

Your help is greatly appreciated!

.00152 MF and 60% residual.

About $653/mo. pre-tax..
$51,550 adjusted CAP cost to get that number.
9% off is $49,535. $795 for acquisition fee. Leaves us about $1200 high.
Your $1500 should cover any other charges, other than the first payment.

Thanks for the response. My salesman just came back with $653 tax included, still with $1500 total due at signing and free maintenance. I think I'm going to go ahead and pull the trigger. 

Congrats!

idealbrain

Hi, I have a lease offer on 2017 GLC 300 4Matic with MSRP as $47,480.

Lease term : 36 month/ 12K miles per year

Monthly payments: $642 (including CT taxes; 6.35% )
Zero down.
Total Cap cost:46,386
Total residual: 28,588

Is this a good lease deal? Thank you much in advance

Michaell

idealbrain said:

Hi, I have a lease offer on 2017 GLC 300 4Matic with MSRP as $47,480.

Lease term : 36 month/ 12K miles per year

Monthly payments: $642 (including CT taxes; 6.35% )
Zero down.
Total Cap cost:46,386
Total residual: 28,588

Is this a good lease deal? Thank you much in advance

.00165 and 59%

I get $673/mo with tax using your prices.

Your deal looks pretty good in comparison.