Is this a good Deal on a 2021 GLC 4Matic?

raranebs

Hello, I'm new to leasing. Negotiated the following deal on 2021 GLC 4matic. Is it a good offer?

Location: Bay Area
Terms: 36/10
Residual value: 55%
Sticker Price: $52,175
Selling Price: $46,290 (~11.3% discount)
Drive-off payment: $2000
Monthly payment $595 (incl tax)
MF: 0.00062 (~1.49% APR)
No MSD

Thanks

Michaell

raranebs said:

Hello, I'm new to leasing. Negotiated the following deal on 2021 GLC 4matic. Is it a good offer?

Location: Bay Area
Terms: 36/10
Residual value: 55%
Sticker Price: $52,175
Selling Price: $46,290 (~11.3% discount)
Drive-off payment: $2000
Monthly payment $595 (incl tax)
MF: 0.00062 (~1.49% APR)
No MSD

Thanks

I get $583/mo assuming 9% sales tax.

It's possible the $2000 drive off doesn't cover all the up front costs, and the remainder has been added to the selling price. Ask the dealer for a breakdown of the $2000 and the adjusted cap cost.

raranebs

Michaell said:

I get $583/mo assuming 9% sales tax.

It's possible the $2000 drive off doesn't cover all the up front costs, and the remainder has been added to the selling price. Ask the dealer for a breakdown of the $2000 and the adjusted cap cost.

Will do! What would make this a good deal? What can more I negotiate based on what I shared?

Michaell

raranebs said:

Michaell said:

I get $583/mo assuming 9% sales tax.

It's possible the $2000 drive off doesn't cover all the up front costs, and the remainder has been added to the selling price. Ask the dealer for a breakdown of the $2000 and the adjusted cap cost.

Will do! What would make this a good deal? What can more I negotiate based on what I shared?

We don't really rate deals.

A lower selling price is always better....