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Is this a good deal for GLC300?

chris121212chris121212 Member Posts: 15
edited September 2020 in Mercedes-Benz
2020 GLC300 Loaner with 5000 miles.

Term 48 months
Miles 10,000
Zip Code 11758
MSRP $50,340
Sale Price $41,418
Residual Value $24,666
Due on Delivery $1900
Monthly Payment $475

Acquisition Fee $1095
Advanced Payment $475
Upfront Charges $1360
Total Cap Reduction $64

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    kyfdxkyfdx Moderator Posts: 241,340

    2020 GLC300 Loaner with 5000 miles.

    Term 48 months
    Miles 10,000
    Zip Code 11758
    MSRP $50,340
    Sale Price $41,418
    Residual Value $24,666
    Due on Delivery $1900
    Monthly Payment $475

    Acquisition Fee $1095
    Advanced Payment $475
    Upfront Charges $1360
    Total Cap Reduction $64

    What is the adjusted CAP cost?
    I don't see sales tax amount in your list.

    $1900 upfront and $475/mo. seems like a pretty good payment, relative to MSRP, even if it is for 48 months.

    I would check to see if you'll be in warranty for the entire 48 months, or if the clock is already ticking on that demo.

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    chris121212chris121212 Member Posts: 15
    There's the snafu, thanks for pointing out. The warranty would expire within the lease period (so it would be out out of warranty while the 48-month lease was still open).
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    kyfdxkyfdx Moderator Posts: 241,340

    There's the snafu, thanks for pointing out. The warranty would expire within the lease period (so it would be out out of warranty while the 48-month lease was still open).

    I don't know the in-service date, but perhaps a 42 month term lease?

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    chris121212chris121212 Member Posts: 15
    One more update... I have the following terms for a 39-month lease (based on on the in-service date, as you mentioned). Please let me know your thoughts... same figures as above but the changes are: 39-month lease, $1900 down and $499/month.

    Please let me know if this seems reasonable and a good deal.
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    kyfdxkyfdx Moderator Posts: 241,340

    One more update... I have the following terms for a 39-month lease (based on on the in-service date, as you mentioned). Please let me know your thoughts... same figures as above but the changes are: 39-month lease, $1900 down and $499/month.

    Please let me know if this seems reasonable and a good deal.

    I don't have the 39 month residuals to check it.

    Still seems reasonable.

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    chris121212chris121212 Member Posts: 15
    Resdiual is $26,176.80
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    kyfdxkyfdx Moderator Posts: 241,340

    Resdiual is $26,176.80

    The residual is only 3% higher than the 48 month term? That doesn't seem right.

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    MichaellMichaell Moderator Posts: 244,127
    kyfdx said:

    Resdiual is $26,176.80

    The residual is only 3% higher than the 48 month term? That doesn't seem right.
    Is this RWD or AWD?

    The 36/42/48 residuals are as follows (for 10K):

    RWD - 56% / 52% / 48%
    AWD - 54% / 51% / 49%

    Therefore, it's quite possible that the 39 month RV is only 3% higher than the 48 month RV, if the car is AWD.

    Just wild speculation on my part - I've got no facts to back this up.

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    chris121212chris121212 Member Posts: 15
    Yes, it is AWD (4matic). But please let me know your thoughts. I thought $499/month with $1900/down for 39 months was a good deal (based on other quotes that I received in 11758). Please let me know if you agree, or if this does not seem fair/good.
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    MichaellMichaell Moderator Posts: 244,127

    Yes, it is AWD (4matic). But please let me know your thoughts. I thought $499/month with $1900/down for 39 months was a good deal (based on other quotes that I received in 11758). Please let me know if you agree, or if this does not seem fair/good.

    If this is still for the $50K MSRP vehicle, then it's a decent deal, relative to the sticker price.

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    ChandlerBing9ChandlerBing9 Member Posts: 3
    Hi there, could you please provide the MF and residual value and incentives for a 2020 Mercedes GLC 300 4Matic (AWD) 36/10 in zip code 11021. Thank you!
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    MichaellMichaell Moderator Posts: 244,127

    Hi there, could you please provide the MF and residual value and incentives for a 2020 Mercedes GLC 300 4Matic (AWD) 36/10 in zip code 11021. Thank you!

    .00074 and 54%
    $1000 dealer lease cash

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