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

raranebsraranebs Member Posts: 2
edited November 2020 in Mercedes-Benz
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

Comments

  • MichaellMichaell ColoradoModerator Posts: 190,082
    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.

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  • raranebsraranebs Member Posts: 2
    edited November 2020
    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?
  • MichaellMichaell ColoradoModerator Posts: 190,082
    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....

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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