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Is This a Good Lease Deal for a 2020 Mercedes Benz GLC 300 4Matic SUV?
meeso_pp
Member Posts: 48
Hello, looking to see if this is a good deal or not for a 2020 GLC 300
leasehackr.com/calculator?make=Mercedes-Benz&miles=12000&msd=0&msrp=54625&sales_price=49625&months=36&mf=.00058&dp=0&dealer_fee=250&acq_fee=495&taxed_inc=0&untaxed_inc=500&rebate=0&resP=54®_fee=135.50&sales_tax=6&demo_mileage=0&memo=&zero_driveoff=true&monthlyTax_radio=true
Payment is $696.18 for 36 months/12K miles (includes maintenance plan) with a residual of $29,497.50. The link to leasehackr does not include the maintenance plan in the calculation.
$0 down and $0 due at signing.
Lease details:
MSRP $54,625
Savings $5000
Cap Cost $49,625
Total Add Ons $1170 (Tier 1 2yr/20K PPM) Maintenance Plan
Sales Tax 6%/$1960.71, but applied monthly to car payment
Bank Acq Fee $1095 (Claim it's $495, but can't enter that into spreadsheet, so $600 of the rebate is to cover the acquisition fee)
Doc Fee $250
Title Fee $15
Temp Tag $20.50
Out of State Registration $100
Total Price $54,236.21
Rebate $1100 ($600 for acquisition fee and $500 toward 1st month payment)
Drive Off $1100
leasehackr.com/calculator?make=Mercedes-Benz&miles=12000&msd=0&msrp=54625&sales_price=49625&months=36&mf=.00058&dp=0&dealer_fee=250&acq_fee=495&taxed_inc=0&untaxed_inc=500&rebate=0&resP=54®_fee=135.50&sales_tax=6&demo_mileage=0&memo=&zero_driveoff=true&monthlyTax_radio=true
Payment is $696.18 for 36 months/12K miles (includes maintenance plan) with a residual of $29,497.50. The link to leasehackr does not include the maintenance plan in the calculation.
$0 down and $0 due at signing.
Lease details:
MSRP $54,625
Savings $5000
Cap Cost $49,625
Total Add Ons $1170 (Tier 1 2yr/20K PPM) Maintenance Plan
Sales Tax 6%/$1960.71, but applied monthly to car payment
Bank Acq Fee $1095 (Claim it's $495, but can't enter that into spreadsheet, so $600 of the rebate is to cover the acquisition fee)
Doc Fee $250
Title Fee $15
Temp Tag $20.50
Out of State Registration $100
Total Price $54,236.21
Rebate $1100 ($600 for acquisition fee and $500 toward 1st month payment)
Drive Off $1100
1
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Comments
$500 dealer cash
With the prices given, I get $736/mo
Acquisition fee is $795, so it's still marked up.
What is your ZIP code?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
This is from the same dealer as the GLA deal, last month?
I'm surprised that they can't enter your rates from Michigan, and make the acquisition fee adjustments for an employee deal. Seems convoluted. But, even with me estimating, $10/mo off isn't bad.
Why get a two year maintenance plan, if you are leasing for three years?
Also, it doesn't appear they've added the maintenance plan cost to the MSRP, for the purposes of calculating the residual. Most Mercedes dealers do this.
This isn't an amazing deal... just okay.
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Yes, it's the same dealer as the one for the GLA. The rep claims the tax is part of the payment total, but the worksheet shows it as a total figure, which is why he entered $1100 dealer cash to offset the $600 in the acquisition fee total.
This deal will pull me out of my current lease 7 months early and no 1st month payment, but I agree, it feels good, but not great.
If they can residualize it, that cuts the effective cost in half.
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Also, a dealer offered me $1500 loyalty cash in an offer, but the current dealer I'm working with never mentioned such offer. Is the $1500 loyalty cash separate from the dealer cash incentive? And again, should the dealer cash be $500 or $1100, thanks?
But, it is the dealer's money. You likely won't see it mentioned.
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Here is where we are:
MSRP $54,625
Cap Cost $49,625
($495 acquisition fee, $250 doc fee, $135.50 title & registration)
10K miles for 36 months, $659.20 payment (6% monthly sales tax)
I still have 7 payments left on my existing lease, and they're paying those off. They're making the 1st month's payment on the new lease, and they're paying the cost to deliver the new vehicle to Michigan, and take the existing vehicle back. The $595 disposition fee is being waived on the existing lease.
Should I press for more off the MSRP, or is this a pretty good deal considering, I'm existing my existing lease 7 months early?
I don't see where knowing the invoice price is going to help you.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can I get MF/RF/Incentive for a 2020 GLC 300 4MATIC for 36/12K? Zip code is 77040.
Thanks!
$500 incentive
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