Hello I am looking to buy a 2022 GLC 300 4matic AMG line with Sun roof for a lease in Northern Cal area. I have a dealer whose saying they can give it for 700$ (including tax) for 3000 down for 48 months. Do you guys think this is a good deal. I went to a lot of dealers and all offer 750+ for a lease for 48 months.
I did a leasehackr calculator it says 750+ is ideal price. Do you think I should go with the deal ?
Send me a PM, I might be able to help
Why would you want to pay nearly $41k to lease a 52k car? If you really like the car, have you looked into financing instead?
I’m pretty sure the leasehacker calculator is not telling you 750 plus is an ideal number. You are better off financing it you really want it, the RV and MF are terrible to lease.
Can you clarify what you mean here?
OP, it appears that subconsciously you’ve known what to do all along.
I’m gonna say “at least” the totality of payments. Then there’s disposition. And they’re most certainly going to charge you for tires and excess wear/tear, etc.
I am paying only 33k with 650 for 48 months which is 60% of msrp . I am not sure I want to pay around 900 odd for financing. Wats the sweet spot when doing lease vs buy calculation ?
First of, the calculator you linked shows a pretax monthly payment of $715 a month. I am not sure how you came up with $650.
Second of all, why would you do a 48 month lease? IMO, if you cannot afford to do a 36 or 39 month lease, then you cannot afford the car.
I am not sure I follow, but here is some advice. I would compare numbers doing 2 back to back 36 month leases vs financing the same car for 72 months.
If I were in your shoes, I would find a car/SUV that leases better. Since you are not getting any discount off the MSRP on the GLC, I would strongly recommend checking out broker deals in the Marketplace.
A dealer said he could do a 650-670$ lease .that’s how I am quoting that number. Should I use the leaserhackr no as a good benchmark given the current MF ?
I am trying to keep my monthly payment down nd dealer said 48 month lease. Is it better to do 36 given high MF?
That means nothing without more details such as:
I would strongly suggest taking a break from talking to dealers and reading up on Leasing 101 (Leasing 101 — EDITORIAL | LEASEHACKR).
MSRP of the car - 52500
Hope this helps @Bluemkn57cars . I did go through the leasing 101 article but I will check it out again
Here is some free advice. If you do not understand what goes into calculating a lease, then you are going to get taken for a ride.
Paying a $6500 market adjustment on this car is nuts.
Did you do this? What numbers are brokers advertising in your area?
As I said earlier, it means you cannot afford the car. Find something that is within your budget.
Anyway, good luck. I am out.
This deserves it’s own post.
Think they are including tax
Is it a 3K cap cost reduction or 3K including first months payment and dmvs
I mean this respectfully: re-read it. Maybe twice.
Then this isn’t a $650-670/mo lease. This is closer to $750/mo, depending on if $3k is DAS or down payment
I agree with all the advice you’ve given the OP except this point, on a MB the sweet spot is almost always
42 or 48 months, has little to do with being able to afford it or not.
Current GLC lessee here (42 mos), while I could certainly afford it it made zero sense to do a 36 mo based on the huge payment differential.
That said, the OP definitely needs to do his homework as you’ve suggested and understand exactly what the payments will be at 36/42/48 mos. etc. and not rely on the dealer for this.