I am a complete novice with leasing and got this deal yesterday on the lease for a GLC 300 4matic. A very strange deal happened and I just want to make sure that I got an OK deal. I tried to use advice and ask about the MF and used the calculator and the monthly payment was very off. He originally offered me 485 per month and I haggled and asked him to include insurance, which then he added those 2 below and said it would bring me up to 493. Then I asked, ok if I remove the insurance what will be the monthly and he said 465 but that goes against the original 485 he offered without the insurance. I don’t know how they fidgeted their numbers but basically the below deal is what I walked off with.
MSRP 47175
10,000miles
36 months
includes Fleet discount
MF: not sure because originally I asked them for it and they gave me a number but then ended up changing the whole deal to lower my monthly and I really don’t know how they came up with this monthly cost.
monthly payment = $493 includes 2 insurances (2 prepaid maintenance & the first class lease protection)
drive off = $2,000
lol I like that attitude but I had to a bit over budget on what I was initially intending so…I am basically trying to find peace of mind that at least I got a decent deal
I am getting a GLE with 1k miles (loaner lease) Package 2 with parking assist for 1800$ SD and 500 down (I don’t have fleet) for 590 with tax a month. What package does yours have? I think you got a decent deal. Is that total before or after tax? Your drive off is a bit padded but not much.
Thanks for your feedback…just curious why do you feel the wear protection is a waste of money? because they kind of sold it to me in the idea that you can return your car and not have to worry about the wear & tear up to $7500. Would love to know your thoughts so that I don’t include for my next lease.
I have the premium package…it is a new car. no SD and tax is 9.5 percent. the monthly cost I included of 493 includes tax. The drive off was my down payment…which I think includes fees and etc.
In my opinion, its a fair deal… there was scope of couple of thousand dollars but not more… I was shopping for cross over this weekend and got couple of quotes on GLC in SoCal… the best one without much haggle was 428 including tax and 1400 drive off… if you add maintenance (15$) and wear tear (20$), its 463… I wanted to be under 400 and was stressing on a demo so did not haggle much… enjoy your new car… every leases teaches us some lesson and we strike a better deal next time
Thank you! So they told me that the maintenance insurance is 21 per month & 32 for the first class lease protection. Bringing my cost around 53 but then gave me a discount and that is how it became about 30 dollars per month instead. My monthly payment was at 461 without these 2 insurances. Are you saying that it is normally 15 for maintenance & 20 for first class lease protection? If that’s the case, I’d feel like a complete fool for thinking it was actually 53 and i got a discount to 30…
I wouldn’t call it a waste of money. It’s like buying car insurance. If you ever end up using it then you are glad you bought it. If you end up not needing it then you would say it’s a waste of money.
It all depends how risk averse are you but for the most part if you are only putting 30k miles in a year it’s nice to know you can turn you car in with bald tires and not have to replace all four before turning in your car. That in itself is probably worth more than the cost of the protection plan.
No, it’s not. People have car insurance to protect themselves from liability and to protect themselves if the car is stolen, totaled, badly damaged, etc. No one uses their car insurance to get PDR on little dents and dings (the small ones of which would be forgiven anyway). It would be financially irresponsible to carry a $0 deductible auto ins policy and make claims for every little thing.
Insurance also gets your car fixed right away. The lease protection is just a prepaid way to get someone to fix it after you turn the car in. Why would I want to drive a brand new car with dents and dings just because I prepaid someone to fix it years later?
I tend to agree here and think it’s a waste. If someone smacks a fender with a dent big enough to charge when I ground it, but not big enough to turn into insurance 6 months into my lease, I’m going to fix it rather than driving it like that for another 30. Different strokes for different folks though.
I live in the snow belt, so if my tires are bald at 30k, and I have another 6 months to go, I’m more than likely going to have to buy tires rather than risk driving in inclement weather or to pass a state safety inspection.
In all the cars I’ve leased over the years, I’d say I’ve saved a pretty penny by NOT buying the insurance. I wouldn’t have needed it anyways.
I used the insurance as an analogy to state that if you end up getting a lease end inspection done and they wrote you up for say $1,000 worth of damages then purchasing the plan ended up saving you money.
If you turn in your car in excellent condition and you do not owe anything then of course it would’ve been wise not to have purchased the plan.
I’ve seen clients get a bill from Audi that is over $2k-$3k because they just neglect the car. In those instances they should’ve spent that $500 for the coverage.
Again, I like mentioned it depends how risk averse are you but I would not immediate tell someone what they purchased was a waste a money. Just a very ignorant response.
