2017 Mercedes Benz GLC-Class Lease Questions

epifiny

Hi,

i received a quote from a dealer in NJ for the GLC 300  4matic 36/12k
msrp 49,960
sales price 45,804
due at signing 2,425 
monthly payment $615
Mf .00155
rv 58%

due at signing breakdown:

-first month 615

-DMV 329.50

-vehicle prep 395

-acquisition fee 895

-luxury tax 183.21

- NJ tire tax 7.50 

does this seem like a good deal?

Michaell

epifiny said:

Hi,

i received a quote from a dealer in NJ for the GLC 300  4matic 36/12k
msrp 49,960
sales price 45,804
due at signing 2,425 
monthly payment $615
Mf .00155
rv 58%

due at signing breakdown:

-first month 615

-DMV 329.50

-vehicle prep 395

-acquisition fee 895

-luxury tax 183.21

- NJ tire tax 7.50 

does this seem like a good deal?

I get $583mo with those prices and terms. Assuming you are getting autopay to bring the MF down to .00155.

I don't see the sales tax as part of your up front costs - are you rolling them into the lease payment? That might account for the difference between my numbers and the dealers.

johncook1

Hello, Could you please help me with Dec & Jan 2017 MF and RV for a 36 / 7,500 GLC300 AWD in Chicago, IL?

Also, dealer is pushing a "balloon" lease, due to Chicago taxes. They offer little explanation of the difference. What is this?

Current offer on the car is $48,500 + 8.5% tax. Should I pay tax upfront, or is it better to roll into the lease?

Dealer is also pushing me to apply my $12k trade-in to the purchase, because tax will be against the final price - $36,500. What are your thoughts on this?

Thank you in advance!

Michaell

johncook1 said:

Hello, Could you please help me with Dec & Jan 2017 MF and RV for a 36 / 7,500 GLC300 AWD in Chicago, IL?

Also, dealer is pushing a "balloon" lease, due to Chicago taxes. They offer little explanation of the difference. What is this?

Current offer on the car is $48,500 + 8.5% tax. Should I pay tax upfront, or is it better to roll into the lease?

Dealer is also pushing me to apply my $12k trade-in to the purchase, because tax will be against the final price - $36,500. What are your thoughts on this?

Thank you in advance!

.00165 and 61% for 36/7.5K

A balloon note is similar to a lease, except the car is titled in your name rather than the banks. The advantage is one of taxes, as the dealer noted.

Chicago taxes the monthly payment, so there is no tax against the selling price. What hurts, however, is that the state of Illinois also taxes your lease, but they assess tax as the sum of the payments, and collect it up front. The total tax burden is something like 17%.

If you lease, don't use the trade in - have the dealer cut you a check. If you go with the balloon loan, then the tax obligation will be reduced with the trade.

idealbrain

Thank you Michael 

finally: was able to bring down the mf to 0.00085 with 10msds and autopay. 
Glc300 4matic; msrp 47480; 523 monthly and 1550 upfront (acquisition fee; registration; dealer and doc fees)

Michaell

idealbrain said:

Thank you Michael 

finally: was able to bring down the mf to 0.00085 with 10msds and autopay. 
Glc300 4matic; msrp 47480; 523 monthly and 1550 upfront (acquisition fee; registration; dealer and doc fees)

Congrats and Happy New Year!

epifiny

Happy new year! 
When do you expect January MF and RV information for January 2017? Specifically for the GLC 4matic 36/12k

thank you!

Michaell

epifiny said:

Happy new year! 
When do you expect January MF and RV information for January 2017? Specifically for the GLC 4matic 36/12k

thank you!

Current MB programs are valid until 1/3/17. New numbers should be available later this week.

jaykang11

I am also curious about the numbers of January.

Texas
36month/12k
36month/15k

Whenever numbers are available, let me know.

Thank you Michaell!

contourrob

Hello - Can you please share the lease residual and MFs for the GLC43 numbers in SC? 36/12 and 36/15. Thank you!

carsabe

Hi, happy new year, same here please, MF/Res for GLC43 36/12 and 36/10 in Louisiana.

Thank you!

kyfdx

jaykang11 said:

I am also curious about the numbers of January.

Texas
36month/12k
36month/15k

Whenever numbers are available, let me know.

Thank you Michaell!

300 or 43?
RWD or AWD?

kyfdx

contourrob said:

Hello - Can you please share the lease residual and MFs for the GLC43 numbers in SC? 36/12 and 36/15. Thank you!

.00140 MF and 55%/53% residual, assuming RWD

kyfdx

carsabe said:

Hi, happy new year, same here please, MF/Res for GLC43 36/12 and 36/10 in Louisiana.

Thank you!

.00140 MF and 55%/56% residual, assuming RWD

blueraydre

Hello,
What's the MF and Resid on the GLC300 coupe 36/15k for January? 

Michaell

blueraydre said:

Hello,
What's the MF and Resid on the GLC300 coupe 36/15k for January? 

.00152 and 57%

kiranbodla

I got below deal on MB GLC RWD please let me know is this good or BAD deal, I am unable to judge did i do good job or not negotiating.

MSRP:49155
DOWN:4638
FACTOR:.1590
Monthly payment: 486 included 9%tax $20 prepaid maintenance
Milage: 10 K per year
residual value: 29943

also please advise me is this deal good to by this car at the end of lease or not? I have a thought to buy.

shredderi

Hi, can you give me the latest MF and RV for a new 2017 GLC 300 4matic sedan? 36mo./10k and 36/7.5k? Also, when trying to apply the MSD discount, how big(small) a deposit is typically involved? For example, is it possible to use 3 SDs of $100 each? Thanks.

kyfdx

kiranbodla said:

I got below deal on MB GLC RWD please let me know is this good or BAD deal, I am unable to judge did i do good job or not negotiating.

MSRP:49155
DOWN:4638
FACTOR:.1590
Monthly payment: 486 included 9%tax $20 prepaid maintenance
Milage: 10 K per year
residual value: 29943

also please advise me is this deal good to by this car at the end of lease or not? I have a thought to buy.

.00152 MF and 59% residual for 36/10.

Are you sure that's the MSRP? Because that doesn't match the residual. Maybe, that's the selling price?
MSRP would have to be $50,750 to match that residual.

Is $4638 the full amount due at signing?

kyfdx

shredderi said:

Hi, can you give me the latest MF and RV for a new 2017 GLC 300 4matic sedan? 36mo./10k and 36/7.5k? Also, when trying to apply the MSD discount, how big(small) a deposit is typically involved? For example, is it possible to use 3 SDs of $100 each? Thanks.

.00148 MF and 59%/60% residual

Each security deposit is the amount of the monthly payment, rounded up to the next $25 or $50 amount.

So, on a $495/mo. payment, each SD would be $500.

[Deleted User]

Hi, Please let me know if this is a good deal:

2017 GLC300 with P2 package and Panoramic roof, 36 months/ 10k per year

MSRP: $49,410
sale price: $44,205
maint for 3 yrs: $975
first class lease protection: $1175
gross cap cost: $46,355
monthly payment: $630 ($590 base payment + $40 CT taxes)

down payment is $2500 which includes:
first month payment : $630
doc fee: $475
reg fee: $185
acquisition fee: $1095
sales/use tax: $115

your inputs and suggestions are appreciated!!

kyfdx

sravuri2710 said:

Hi, Please let me know if this is a good deal:

2017 GLC300 with P2 package and Panoramic roof, 36 months/ 10k per year

MSRP: $49,410
sale price: $44,205
maint for 3 yrs: $975
first class lease protection: $1175
gross cap cost: $46,355
monthly payment: $630 ($590 base payment + $40 CT taxes)

down payment is $2500 which includes:
first month payment : $630
doc fee: $475
reg fee: $185
acquisition fee: $1095
sales/use tax: $115

your inputs and suggestions are appreciated!!

.00152 MF and 59% residual, assuming RWD.

I get $592/mo.+tax, so pretty close.

The acquisition fee is marked up from the $795 base.
I don't think I'd pay over $30/mo. for "lease protection"

zhenyaf

Are the MF and acquisition fee negotiable?

I'm set to lease a GLC Coupe, picking up next week in Germany via European Delivery, but I feel that the dealer I'm working with is trying to squeeze me for more money than necessary.

The MSRP is $51,540
Sales price $46901
36 months, 10k miles per year

I have a friend in the car industry who told me that the MF is 60% residual, and the MF is .00152, on my particular car. The dealer is telling me that the MF is .00192 (I understand that with European Delivery it should be .0002 higher, they are telling me its .0004 higher). The acquisition fee they are giving me is $1095. According to their website, on the other cars its $795. I've read on a Mercedes Forum that the acquisition fee is non negotiable and should be the same for all the customers.

Is my dealer trying to squeeze me for more $ or are they within their right to raise those fees?

PS - under normal circumstances I would shop around, but since its European Delivery, I don't have much room, other than to cancel the order.

Thank you in advance

kyfdx

zhenyaf said:

Are the MF and acquisition fee negotiable?

I'm set to lease a GLC Coupe, picking up next week in Germany via European Delivery, but I feel that the dealer I'm working with is trying to squeeze me for more money than necessary.

The MSRP is $51,540
Sales price $46901
36 months, 10k miles per year

I have a friend in the car industry who told me that the MF is 60% residual, and the MF is .00152, on my particular car. The dealer is telling me that the MF is .00192 (I understand that with European Delivery it should be .0002 higher, they are telling me its .0004 higher). The acquisition fee they are giving me is $1095. According to their website, on the other cars its $795. I've read on a Mercedes Forum that the acquisition fee is non negotiable and should be the same for all the customers.

Is my dealer trying to squeeze me for more $ or are they within their right to raise those fees?

PS - under normal circumstances I would shop around, but since its European Delivery, I don't have much room, other than to cancel the order.

Thank you in advance

.00152 MF and 60% residual.

Not familiar with Mercedes' ED program, so I can't tell you if they are marking it up, or not. If it's .00020, that's not a big markup, though.
$795 is the base acquisition fee, but dealers are permitted to mark it up by $300 for extra profit. Your info from the other forum is wrong.

You are correct. It's a little late to negotiate your terms, now.

The money factor markup adds $15/mo. Along with the acquisition fee markup, that's $840 total. Not enough to worry about, in the context of taking European Delivery. And, too late to do anything about it, unless you just want to complain, and see if they'll adjust terms (probably way too late, if you've already signed).

zhenyaf

The paperwork is being drawn up, so I just wanted to make sure they can have a markup on those 2 things - they are a business and obviously they have to make money, I just don't want them to do something they're not allowed to do.

They discounted the price of the car an additional 1%, which came out to be around $500 - so that kind of offsets the MF/acqusition fee increase.

Thank you very much for you help, I appreciate it

kyfdx

zhenyaf said:

The paperwork is being drawn up, so I just wanted to make sure they can have a markup on those 2 things - they are a business and obviously they have to make money, I just don't want them to do something they're not allowed to do.

They discounted the price of the car an additional 1%, which came out to be around $500 - so that kind of offsets the MF/acqusition fee increase.

Thank you very much for you help, I appreciate it

Congrats on the new Mercedes!

bbbobbb

Do you have the MF, residual, for a GLC 43, 3yr/30K, and 3yr/36K miles? Thanks.

kyfdx

bbbobbb said:

Do you have the MF, residual, for a GLC 43, 3yr/30K, and 3yr/36K miles? Thanks.

.00140 MF and 56%/55% residual

bbbobbb

kyfdx said:

bbbobbb said:

Do you have the MF, residual, for a GLC 43, 3yr/30K, and 3yr/36K miles? Thanks.

.00140 MF and 56%/55% residual

Thanks!

yankee24

Hi, what are the MF and Residuals for a 2017 GLC300 4Matic for a 36/15k, and 36/20k. Thanks 

Michaell

yankee24 said:

Hi, what are the MF and Residuals for a 2017 GLC300 4Matic for a 36/15k, and 36/20k. Thanks 

.00148 and 56% for 36/15. Check with your dealer on how additional miles are addressed.

shredderi

kyfdx said:

shredderi said:

Hi, can you give me the latest MF and RV for a new 2017 GLC 300 4matic sedan? 36mo./10k and 36/7.5k? Also, when trying to apply the MSD discount, how big(small) a deposit is typically involved? For example, is it possible to use 3 SDs of $100 each? Thanks.

.00148 MF and 59%/60% residual

Each security deposit is the amount of the monthly payment, rounded up to the next $25 or $50 amount.

So, on a $495/mo. payment, each SD would be $500.

The dealer discounted the price from 50,135 to 47,728. But quotes MF at .00168. Should I insist on a better MF?

Michaell

shredderi said:

kyfdx said:

shredderi said:

Hi, can you give me the latest MF and RV for a new 2017 GLC 300 4matic sedan? 36mo./10k and 36/7.5k? Also, when trying to apply the MSD discount, how big(small) a deposit is typically involved? For example, is it possible to use 3 SDs of $100 each? Thanks.

.00148 MF and 59%/60% residual

Each security deposit is the amount of the monthly payment, rounded up to the next $25 or $50 amount.

So, on a $495/mo. payment, each SD would be $500.

The dealer discounted the price from 50,135 to 47,728. But quotes MF at .00168. Should I insist on a better MF?

Be polite and tell them you won't sign a deal with a marked up MF; they know what the base rate is.

shredderi

Michaell said:

shredderi said:

kyfdx said:

shredderi said:

Hi, can you give me the latest MF and RV for a new 2017 GLC 300 4matic sedan? 36mo./10k and 36/7.5k? Also, when trying to apply the MSD discount, how big(small) a deposit is typically involved? For example, is it possible to use 3 SDs of $100 each? Thanks.

.00148 MF and 59%/60% residual

Each security deposit is the amount of the monthly payment, rounded up to the next $25 or $50 amount.

So, on a $495/mo. payment, each SD would be $500.

The dealer discounted the price from 50,135 to 47,728. But quotes MF at .00168. Should I insist on a better MF?

Be polite and tell them you won't sign a deal with a marked up MF; they know what the base rate is.

It worked. But they didn't have one equipped the way we wanted, so we have to order one. I guess I'll have to re-check the MF and RV in 2-3 months.

Michaell

shredderi said:

Michaell said:

shredderi said:

kyfdx said:

shredderi said:

Hi, can you give me the latest MF and RV for a new 2017 GLC 300 4matic sedan? 36mo./10k and 36/7.5k? Also, when trying to apply the MSD discount, how big(small) a deposit is typically involved? For example, is it possible to use 3 SDs of $100 each? Thanks.

.00148 MF and 59%/60% residual

Each security deposit is the amount of the monthly payment, rounded up to the next $25 or $50 amount.

So, on a $495/mo. payment, each SD would be $500.

The dealer discounted the price from 50,135 to 47,728. But quotes MF at .00168. Should I insist on a better MF?

Be polite and tell them you won't sign a deal with a marked up MF; they know what the base rate is.

It worked. But they didn't have one equipped the way we wanted, so we have to order one. I guess I'll have to re-check the MF and RV in 2-3 months.

Argh. Find out if you can 'lock in' the current MF and residual from this month, with the option to use the updated numbers (if they are in your favor) when the car arrives at the dealer. Other brands allow this; not certain with MB.

hfriia4510

kyfdx said:

bbbobbb said:

Do you have the MF, residual, for a GLC 43, 3yr/30K, and 3yr/36K miles? Thanks.

.00140 MF and 56%/55% residual

Is this for the GLC43 non-coupe?

Michaell

hfriia4510 said:

kyfdx said:

bbbobbb said:

Do you have the MF, residual, for a GLC 43, 3yr/30K, and 3yr/36K miles? Thanks.

.00140 MF and 56%/55% residual

Is this for the GLC43 non-coupe?

There is only one GLC43 listed in our information.

kyfdx

hfriia4510 said:

kyfdx said:

bbbobbb said:

Do you have the MF, residual, for a GLC 43, 3yr/30K, and 3yr/36K miles? Thanks.

.00140 MF and 56%/55% residual

Is this for the GLC43 non-coupe?

We only show the coupe as a 300 model.

The only GLC 43 is a non-coupe SUV.

hfriia4510

Here is a quote I received for a GLC43 in California:

MSRP $72,065
Sale Price: $71,565
Money Factor: 0.00175
Residual $39,635.75
Monthly payments (including taxes)
$1,208.53 with $1,909.08 drive off
$1,177.51 with $2,929.11 drive off
$1,114,49 with $5,000.00 drive off

gorilla55

Looking for MF and Residual for GLC 300 4Matic - 36mo/10k and 36mo/15k - MSRP $49,375

Is it reasonable to expect $3,000 off MSRP?
Can the $795 acquisition fee be waived?
Is there a reduction in the MF if payments are setup on auto pay?

Sorry for so many questions... (My Dad and I each have GLK 350 leases that terminate end of March - so time to find two cars...)

Thanks

dewarsandsoda

hfriia4510 said:

Here is a quote I received for a GLC43 in California:

MSRP $72,065
Sale Price: $71,565
Money Factor: 0.00175
Residual $39,635.75
Monthly payments (including taxes)
$1,208.53 with $1,909.08 drive off
$1,177.51 with $2,929.11 drive off
$1,114,49 with $5,000.00 drive off

hfriia4510,
Shop around as that's not a deal. I was provided the following quote for a 36/12 lease of a GLC43 in SoCal.

MSRP: 66565
Sales Price: 61245
MF (after 10 MSDs): 0.00060
Drive off: 10874.44 (10 MSD’s in the amount of $950 each + 1st month + DMV)
Monthly: 776 plus tax

Michaell

dewarsandsoda said:

hfriia4510 said:

Here is a quote I received for a GLC43 in California:

MSRP $72,065
Sale Price: $71,565
Money Factor: 0.00175
Residual $39,635.75
Monthly payments (including taxes)
$1,208.53 with $1,909.08 drive off
$1,177.51 with $2,929.11 drive off
$1,114,49 with $5,000.00 drive off

hfriia4510,
Shop around as that's not a deal. I was provided the following quote for a 36/12 lease of a GLC43 in SoCal.

MSRP: 66565
Sales Price: 61245
MF (after 10 MSDs): 0.00060
Drive off: 10874.44 (10 MSD’s in the amount of $950 each + 1st month + DMV)
Monthly: 776 plus tax

+1

Michaell

gorilla55 said:

Looking for MF and Residual for GLC 300 4Matic - 36mo/10k and 36mo/15k - MSRP $49,375

Is it reasonable to expect $3,000 off MSRP?
Can the $795 acquisition fee be waived?
Is there a reduction in the MF if payments are setup on auto pay?

Sorry for so many questions... (My Dad and I each have GLK 350 leases that terminate end of March - so time to find two cars...)

Thanks

.00148 and 59% / 56%

No clue on what type of pricing you can expect - read through the last couple of pages of this thread to see what others have been able to negotiate.

Acquisition fee can be waived, but MF goes up as a result. Not something we'd recommend.

.00010 deduction on the MF for auto pay

yankee24

Hi Michaell, I have several questions. Please confirm the MF and RV for the GLC300 4Matic for 24mo/15k. I'm still waiting to hear back from rhe dealer. I was already given the MF and RV for 36/15k at .00148/56% which is with autopay. Is this correct? Also, I was told by the dealer here in NJ that the $1095 acquisition fee was set by MB and cannot be lowered.  Is this accurate? Thank you. 

kyfdx

yankee24 said:

Hi Michaell, I have several questions. Please confirm the MF and RV for the GLC300 4Matic for 24mo/15k. I'm still waiting to hear back from rhe dealer. I was already given the MF and RV for 36/15k at .00148/56% which is with autopay. Is this correct? Also, I was told by the dealer here in NJ that the $1095 acquisition fee was set by MB and cannot be lowered.  Is this accurate? Thank you. 

.00148 MF and 64%/56% residual for 24/36 months, 15K/yr
Autopay should lower that to .00138.
Base acquisition fee for Mercedes is $795. Dealer can mark it up for extra profit. Guess how much they are allowed to mark it up?

yankee24

kyfdx said:

yankee24 said:

Hi Michaell, I have several questions. Please confirm the MF and RV for the GLC300 4Matic for 24mo/15k. I'm still waiting to hear back from rhe dealer. I was already given the MF and RV for 36/15k at .00148/56% which is with autopay. Is this correct? Also, I was told by the dealer here in NJ that the $1095 acquisition fee was set by MB and cannot be lowered.  Is this accurate? Thank you. 

.00148 MF and 64%/56% residual for 24/36 months, 15K/yr
Autopay should lower that to .00138.
Base acquisition fee for Mercedes is $795. Dealer can mark it up for extra profit. Guess how much they are allowed to mark it up?

Thank you!

dragonfirefly

Hi,


Is this a good deal?


-----------
2017 GLC300 4MATIC

MSRP: $55,515
Sellling price: $52180

3 year maintenance: $975
Money factor: 0.00138
Residual: 60%

Lease Mileage: 7500/year
Lease Term: 36 months

NY Sales Tax: 8.875% (taxed up front)

Monthly payment: $661/month
Due at Sigining: $4550
------------


Appreciate all feedbacks.

Thanks.

Michaell

dragonfirefly said:

Hi,
Is this a good deal?

-----------
2017 GLC300 4MATIC

MSRP: $55,515
Sellling price: $52180

3 year maintenance: $975
Money factor: 0.00138
Residual: 60%

Lease Mileage: 7500/year
Lease Term: 36 months

NY Sales Tax: 8.875% (taxed up front)

Monthly payment: $661/month
Due at Sigining: $4550
------------

Appreciate all feedbacks.

Thanks.

I agree with the MF and residual, assuming autopay

What is the full breakdown of the $4550 due at signing?

As is, I get $642/mo before tax with your prices.

dragonfirefly

Michaell said:

dragonfirefly said:

Hi,
Is this a good deal?

-----------
2017 GLC300 4MATIC

MSRP: $55,515
Sellling price: $52180

3 year maintenance: $975
Money factor: 0.00138
Residual: 60%

Lease Mileage: 7500/year
Lease Term: 36 months

NY Sales Tax: 8.875% (taxed up front)

Monthly payment: $661/month
Due at Sigining: $4550
------------

Appreciate all feedbacks.

Thanks.

I agree with the MF and residual, assuming autopay

What is the full breakdown of the $4550 due at signing?

As is, I get $642/mo before tax with your prices.

Thanks Michaell.

The $4550 is the out the door price. I believe it includes tax and all other fees and perhaps some partial down payment.

I am not sure how the maintenance cost $975 is used in calculation. Do dealers calculate the monthly payment base on MSRP then add the maintenance/month, or they add maintenance cost to MSRP and then calculate? Or they simply give customer free 3-year maintenance.

kyfdx

dragonfirefly said:

Michaell said:

dragonfirefly said:

Hi,
Is this a good deal?

-----------
2017 GLC300 4MATIC

MSRP: $55,515
Sellling price: $52180

3 year maintenance: $975
Money factor: 0.00138
Residual: 60%

Lease Mileage: 7500/year
Lease Term: 36 months

NY Sales Tax: 8.875% (taxed up front)

Monthly payment: $661/month
Due at Sigining: $4550
------------

Appreciate all feedbacks.

Thanks.

I agree with the MF and residual, assuming autopay

What is the full breakdown of the $4550 due at signing?

As is, I get $642/mo before tax with your prices.

Thanks Michaell.

The $4550 is the out the door price. I believe it includes tax and all other fees and perhaps some partial down payment.

I am not sure how the maintenance cost $975 is used in calculation. Do dealers calculate the monthly payment base on MSRP then add the maintenance/month, or they add maintenance cost to MSRP and then calculate? Or they simply give customer free 3-year maintenance.

We've seen Mercedes dealers calculate it both ways. If they can residualize it, that's a bonus, of course.

No.. it's not free.