Mainly due to the higher APR with leasing this vehicle type and the residual being low.
Example:
Leasing it is ~$1450 p/m with this deal
Financing with a loan would be $80k divided by 72 months ~$1200 (based on 4% interest)
There are some caveats to that though which I mentioned above, which might make leasing more attractive to some people. Even if you leased it you might be able to sell it at the end of the lease and get back some of the extra money you’d paid in on the lease.
Also don’t forget ta benefit of a lease being that you’re not stuck with the potential of the residual gap if you show a bad Carfax report Especially with a performance vehicle that goes 0 to 60 in 3.7 seconds
Is it common for AMG lease money factors to be this high? .0038 or 9.12% APR is hysterically bad for a new car and that’s what I just got quoted for the GLC 63 myself.
I am being given 2020 GLC 63 build with MSRP 86000, sale price 78,450. Lease deal is with 8k DAS, 3yr/45k miles- $1220/month. MF 0.00230. Stated residual is 49%. Decent deal? Really dont want to own this vehicle outright as dont feel resale will be easy
At $1450 per month, you’re already paying like you’re financing it. At least if you own it, you can get some equity back. You’re paying $52000 for the vehicle for 3 years. I’m sure it’ll be worth more than $30k in 3 years.
You should just start new thread for 2020 GLC63… nice looking suv but the payment… too much imo.
BTW you still see 2019 GLC 63 on dealer’s lot, guess what, this car dont sell well…
Oof that’s pricey. The 43 was suggested above, most specs are about the same. You’d have to see if the 43 is equipped with some options that are standard in the 63. Minor differences in interior and exterior.
You wouldn’t have the 63 badge so I get that, but is it worth it to ya?
Agreed… seems like I should just purchase and hope I love it enough. Doesn’t seem like these are easy to sell after a year or two of ownership…so I may get stuck.