I’m located in Maryland. Looking for feedback on this offer for a GLC350e for 24 months and 10k miles. Per the calculator, I get $702 effective monthly however the dealer shows $753. What am I missing?
Calc link: Leasehackr Calculator - Hack your next lease | Leasehackr
Thank you!
The sales tax is wrong by $1k, I believe. Maybe they taxed the $11,500 rebate, which should not be taxed (as per @derekoh1991, I think), and something else.
Also, they probably bumped the MF and the loaner mileage penalty now starts from 2.5k miles at $0.20 (LH calc is wrong)
The incentive is taxed in MD. And you are correct that they’ve jacked up the MF to .00325.
They are taxed, but not in this case. Search, a dealer actually brought this up.
Given the higher MF, the 12% discount on a loaner with 3k miles is the other issue. If they won’t budge on the MF, I will push them for a higher discount which I was aiming for 15% per guidance here on loaners. Is 15% off a decent discount on a loaner irrespective of mileage or would it be lower for low mileage examples. I am seeing a lot of loaners with <100mi.
BTW, maybe I haven’t look hard enough, but haven’t seen much from brokers regarding GLC350e loaner deals.
The buy rate for July is .00285, however a few dealers I’ve contacted are offering .00325 and refuse to budge. This is the first I’ve encountered this. Anyone know if marked up MFs is what others are seeing?
None of that matters atm
It is hackable for my circumstances, and target discount before incentives for a new GLC is 12% and 15% for a loaner.
Post your target as a LH calculator link.
So how is this hackable for you?
Over 72 months you’d spend ~$47k to drive this 60k miles? On a car you could buy for ~46k plus 6.5% tax?
Spending more over consecutive leases than the net cost of ownership means you’re not hacking. It’s not your fault, it’s just the reality of where you live.
That’s fair. And yes, the reality is MD sucks for leases. In terms of buying the car, the $46k for a $67k would be fantastic!
Cheaper to go 13 months.
Are you trying to decide between leasing and financing? Everyone has their own reasons for leasing.
Leasing as I have a small business and I don’t prefer to keep it more than 2-3 years max, a personal preference.
Hmm. Are you sure?
How much less ? $40/m and pay $695 dispo fee after that 13 months?
About ~$200/month lol from back of the napkin math with everything rolled in with 6% sales tax.
What are the numbers for 13 months?
In a state that taxes the sales price?
That’s basically what your buyout is one day after the lease is funded (like a week after signing).
