Deal check 2021 GLC AWD LOANER

Ask the Hackrs
1

Hey everyone just wanted to run this deal by you guys see if I should pull the trigger. I’m in NY, zipcode is 11581.

2021 GLC AWD Loaner with 2,900 miles
MSRP: 48,700
Selling price: 42,700
MF: .00076
RV: 27502 is buy back amount (I calculated about 56%)
Bank fee: $1095
Money down: first month and registration (659 approx)
Term/mileage: 36months/ 10k
Monthly payment: $599 (incl. tax)

Oh and I have one payment left of $429 on my current car

What do we think?

2

How does the rv/mf/incentives compare to what Edmunds is showing? How does 12% compare to other mb loaners?

3

So what is your quoted payment?

4

Is it listed on edmunds or do I have to ask the forum for that info?

5

You’ll want to ask on the model specific thread on the edmunds forum.

6

I’ll do that too thanks. But how’s it looking?

7

Depends on mf/incentives. If that sales price includes a marked up mf and/or rolled in incentives, not that great. If it doesn’t, it’s at least a good starting point for comparison shopping. Without the relevant lease program information, your current numbers aren’t sufficient to adequately evaluate.

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8

Those numbers are the same with loaners right?

9

Thanks for catching that! I edited the original post.

10

Rv will likely have a reduction due to mileage, but mf and incentives should be the same.

11

.00076 MF and 55% residual
$500 dealer incentive

From Edmunds

12

~12% would not be a big enough discount for me to go the loaner route. This is about what you can find them for new here in the marketplace.

3 Likes
13

Thanks for your input. So what should I be aiming for?

14

Which means you have ~2 months of use left of your current car.

This deal isn’t special enough to warrant throwing that away.

3 Likes
15

I’ve seen them go on here for up to 20% off (including incentives, which are poor right now) but 15% maybe more reasonable in the current market. Otherwise, check out @AutoCompanion for a new one.

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16

38 days to be exact :slight_smile:

17

What year make and model is it?

18

2018 Jeep Grand Cherokee

19

Check Carvana, Vroom, ALGO, SHIFT, etc to see if you can sell it for some equity cash instead of just turning it back in.

2 Likes