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Any Idea on Money factor and residuals for 2017 GLC300 leasing

gouthamkgouthamk Posts: 13
edited November 2016 in Mercedes-Benz
Hi,

I recently test drove a GLC300,2017. It is pretty good.
Planning to take a lease for 36/12k
delaer quote is 1200 down/ 698$per month.
residual quoted is 58%
money factor is .00166
I think it is very high.
anyone help!

Comments

  • kyfdxkyfdx Posts: 68,268
    gouthamk said:

    Hi,

    I recently test drove a GLC300,2017. It is pretty good.
    Planning to take a lease for 36/12k
    delaer quote is 1200 down/ 698$per month.
    residual quoted is 58%
    money factor is .00166
    I think it is very high.
    anyone help!

    .00169/.00165 MF for RWD/AWD
    59% residual for 36/12.

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • mlevinemlevine Posts: 378
    gouthamk,
    I agree the money factor is too high. First try to get the cap cost as low as you can. Then I believe the 24 month lease is the way to go as the residual is 67%. At 24 months, you will only need 2 services on the vehicle and should not have to deal with breaks and maybe even tires. Need to provide us with MRSP and adjusted cap cost.
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