Southern California 2020 GLC300 4Matic, 29500 miles. MB Contract Residual $26,259. CARMAX Appraised value $35,400. What to do? In this crazy post COVID world, nothing makes sense. Need some advice from the experts. Thank you

GLC physical inventory is ridiculously high and the 2023 will be a redesign, I think you can work something better.

@Ursus , totally agree with you. edit. @Ursus , as I said I don’t do this every day, how did you arrive at $826/mo effective on a $49k car?

@senorbigchief , I did not know about inventory, but I did say this is the last year of this body design, so you want to get rid of them and we’re nearing Q4… bad deal so I will go back or shop around. Thanks!

Plug in your data here: Leasehackr Calculator - Hack your next lease | Leasehackr Score the best deal with real-time lease and finance data on demand and the ultimate lease/finance calculator trusted by America’s expert leasing community.

[image] Iriscaddis: @Ursus , as I said I don’t do this every day, how did you arrive at $826/mo effective on a $49k car? Its actually only $809/mo effective. $615*35+$7600= $29125 total cost $29125/36 months = $809/mo

$24,725 out of your pocket to lease the new car (excludes trade equity) or pay $26,259 + tax + interest to buy out the one you already have. I would just buy out your GLC if I was you.

My GlC300 is up end of Dec. too. I have the same problem. The dealer in FL told me that the best deal might be for him to buy the car. No taxes and there should be no fees to speak of. I’m on vacation in the EU so I can’t call MBF to check if 3rd parties can buy. But I will call in a few weeks when …

anytime a dealer says “it may be the best deal”… run :slight_smile: Just take your Vin plug it into carmax, GMTV, autonation, see what offers you get, then see if MB will match that equity. You won’t know what used car pricing will be in december, but if you have equity now, you’ll likely have equi…

[image] mllcb42: Its actually only $809/mo effective. $615*35+$7600= $29125 total cost $29125/36 months = $809/mo Learning every day, this is very helpful.

I’m tending to agree, that’s it’s worth keeping the car, but does anyone know what the maintenance cost is for a GLC300 is after you end the lease? Hopefully MB does not hack the onboard computer and say “sucker” now it’s going to cost you. :slight_smile:

Leasehackr Forum

Ca. 2020 GLC300 4Matic lease due Dec. What's everyone doing?

Ask the Hackrs

forbs August 25, 2022, 6:44pm 21