Is this a good deal for GLC300?

chris121212

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

kyfdx

chris121212 said:

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.

chris121212

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).

kyfdx

chris121212 said:

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?

chris121212

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.

kyfdx

chris121212 said:

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.

chris121212

Resdiual is $26,176.80

kyfdx

chris121212 said:

Resdiual is $26,176.80

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

Michaell

kyfdx said:

chris121212 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.

chris121212

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.

Michaell

chris121212 said:

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.

ChandlerBing9

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!

Michaell

ChandlerBing9 said:

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