2017 Lease rates?
#1
Senior Member
Thread Starter
2017 Lease rates?
I know that there is a thread on purchase prices, but I'm looking for a lease and wonder what is reasonable.
I'm looking at 36 month, 10,000 miles per year. I have gone to four dealer internet managers. Inventories are limited so the quotes aren't totally apples to apples. One offered 10% off a 2016 to $1,000 on a 2017. Money factors have ranged from .00159 to .00169, residual at 60%. I have a low mileage 2015 which I will trade in with under 12,000 miles, which should be worth something to them.
I want P1, 19" wheels, would like lighting package but they are rare under $46,000.
Thanks for your input.
I'm looking at 36 month, 10,000 miles per year. I have gone to four dealer internet managers. Inventories are limited so the quotes aren't totally apples to apples. One offered 10% off a 2016 to $1,000 on a 2017. Money factors have ranged from .00159 to .00169, residual at 60%. I have a low mileage 2015 which I will trade in with under 12,000 miles, which should be worth something to them.
I want P1, 19" wheels, would like lighting package but they are rare under $46,000.
Thanks for your input.
#2
Senior Member
I have just placed a order for a GLC300 FWD because my car wasn't in stock within 500 miles from SE Florida. I was looking for a P3 which priced out to MSPR of $51,245 Autonation dealers are trying to sell at MSPR but I was able to get in for $49,000-500 cust locality =$48,500. In March I will face the F&I guy but the research I've done is that RV is 60-61% but MF seems a little high. It should be new car APR rate or lower. You can find on line rates of 1.49% or .000619.
It sounds as if you own your car. If so use the trade value as MSD at the end of the lease you get the deposit back and lower the MF. You don't want to put money down or use your trade dollars you lease depreciation not the cars selling price.
There are a number of sites about leasing. Leasehackr is a good one.
Please post your end results. Thanks
It sounds as if you own your car. If so use the trade value as MSD at the end of the lease you get the deposit back and lower the MF. You don't want to put money down or use your trade dollars you lease depreciation not the cars selling price.
There are a number of sites about leasing. Leasehackr is a good one.
Please post your end results. Thanks
#3
Member
You might want to check out the forums over at Edmunds.com if you haven't already. They have threads for specific vehicles where people discuss leasing and the Edmunds.com staff answers questions about money factors (MF) and residual values (RV).
Here's the one for leasing the 2017 GLC300 / GLC43:
https://forums.edmunds.com/discussio...ease-questions
The average MF I see floated there seems to be .00165 - .00169 with a .0001 reduction if you use AutoPay. You can reduce the MF further by making multiple security deposits:
https://mbworld.org/forums/automotiv...-deposits.html
Here's the one for leasing the 2017 GLC300 / GLC43:
https://forums.edmunds.com/discussio...ease-questions
The average MF I see floated there seems to be .00165 - .00169 with a .0001 reduction if you use AutoPay. You can reduce the MF further by making multiple security deposits:
https://mbworld.org/forums/automotiv...-deposits.html