Please help. Is this a good deal to go ahead? I am looking to finance/Buy
New 2024 Glc 300 with Amg line package
MSRP: $55,500
Discount: $10,000
Price after discount: $45,500
Doc& Admin fee: $500
Taxes: $3000
Thanks so much
Are there no rebates? What is the money factor? Did they give you a monthly payment?
The discount % seems strong, but may not be if it is inclusive of rebates. Could also not be great if there is a huge MF mark up. We need more data to make a call here.
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OP is planning to buy/finance.
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My bad! I just went straight to the numbers.
In this case, I’d still want to know the financing terms if OP is using in house finance. Also want to know what % of that discount may be rebates instead of dealer discount.
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I am trying to finance/buy with no additional rebates other than 10k mentioned above and i will be doing 10k down and dealer quoted 6.7% apr for 60 months.
I am trying to finance/buy with no additional rebates other than 10k mentioned above and i will be doing 10k down and dealer quoted 6.7% apr for 60 months.
How does that compare with the rates you’ve found online or at your local bank or credit union?
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Are there any finance-only rebates for which you are eligible?
If you have any Benz lease to turn in (or turned one in 2023) you could qualify for loyalty rebates. Take the loyalty on a new lease, then pay off the lease with a car loan.
You’re also getting ripped for around 200 basis points on your car loan at 6.7%. Shop around and it will save you thousands.
Credit union’s here in NorCal are doing 4.75%. LH’s favorite PenFed may be even cheaper.