I’ve been trying to lease a new Mercedes GLC to replace my current one (lease is coming up in two weeks), which I assumed entitled me to the “Loyalty Bonus Cash” incentive. However, when I’ve talked to two different dealers about leasing using that incentive, they claim it’s a targeted email offer that I need a code for. Unfortunately I haven’t gotten any emails about this, only a mailer about their pull-ahead program (lease again early and they’ll forgive the last three payments).
Reading the details on the incentive here (on Rate Findr) and on Edmunds, it doesn’t say it’s targeted, it just makes it sound like everyone with an MBFS lease ending soon is eligible.
I don’t have the exact numbers yet, but I’m looking at 5% off MSRP plus $1500 in incentives (including loyalty) via a broker.
It’s not the deal of the century, but looking around here it seems good for a 2023 GLC. I’m guessing it doesn’t lease that well because it was just redesigned.
Maybe I’m using the term “leases well” wrong, because it’s still a better deal than financing unless I keep the car for 4+ years. It seems like they don’t keep their value that well, because my current GLC is worth less than the residual on the lease.
Relative to something like the Q5 it’s a bad deal, but to me the new GLC is worth the extra $100/month or so.
What are the actual numbers? DAS and monthly payments leave your bank account, not an abstract concept like percentages off MSRP.
What’s the RV on the new one and the old one? The golden age of German car leases revolved around inflated RV, because before chip shortages the industry revolves around keeping factories churning at 100% capacity and leases needed RV inflation to keep all that metal moving.
The new GLC should also hold its value better because there will be fewer around and the body will still be the current generation in 4 years time.
According to the calculator, if I finance it it’s going to cost me more ($37,000+) over three years, assuming it keeps its value at 57%. So I’m just trying to understand what qualifies as leasing badly, I thought the threshold was it being more expensive than financing.
In an isolated 3yr window the above statement might be true.
What may also be true is that most people don’t need a car for solely one 3yr window in their lifetime. A leased car will, by definition, need to be replaced at the end of its lease.
Are you going to spend $74,000 every six years? $150,000 every 12 years? Just to lease GLCs? How do these numbers line up with your other financial goals?
Just went thru this with my mom too. She has a c300 expiring this month & they said loyalty is vin specific and her vin doesn’t populate as counting. So odd
Just followed up with the dealer that leased my current GLC, and they’re claiming the loyalty incentive is now only available through the dealer that sold your current car.
Are you going to spend $74,000 every six years? $150,000 every 12 years? Just to lease GLCs? How do these numbers line up with your other financial goals?
That’s a helpful way of looking at it. Between the leasing cost and these incentive shenanigans Mercedes is pulling, I’m thinking I’ll finance and keep the car longer, or look at another brand.
I think ICE deals just aren’t as good as what you are expecting at this time. But BMW ICE does seem to lease a bit better than MB ICE. For example, a good “with loyalty” BMW X5 iDrive40 lease through a broker is going to be about $36k over 3 years (7,500 miles per annum). I’m sure if you bumped up to GLE you’re not going to be anywhere near $37k over 3 years.
But at this time, many EV leases are subvented by the government’s $7,500. So they are much more attractive than ICE if you can stomach the whole charging thing. Plus folks in certain regions will pay less for electricity compared to gasoline.
I think anyone prioritizing “financial goals” as paramount probably isn’t leasing brand new cars anyway. They’re buying 5+ year old non-German ICE cars, finding cheap ways to keep them running, and probably not reading this forum hah.
I just got rid of a Hyundai because all the service centers in NYC area have a 6+ week week backlog, and they gave me a hard time about fixing things under warranty once I got in. Checked a Genesis-specific service center out of curiosity and there were no openings until December.
