GLC lease numbers
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Joined: May 2018
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Audi RS6
GLC lease numbers
Hi
New member here...coming out of a BMW 550i lease. I was checking out leases on a GLC43 AMG and was shocked at the lease numbers. The money factor and residual were not disclosed because this was for a 2019 MY GLC 43 but the rough numbers were based on a price of $57,600 (MSRP $61,700) and $3,200 or so drive off fees (not sure what was included in this). The number I was quoted was $910/month without taxes which is astoundingly high for a compact SUV.
Are these expected lease numbers for this model?
After checking Edmunds it looks like the MF for a 3 year 12K/year lease is 0.00109 with a residual of 53%. I guess the residual is not that high which means higher monthly payments.
Thanks
New member here...coming out of a BMW 550i lease. I was checking out leases on a GLC43 AMG and was shocked at the lease numbers. The money factor and residual were not disclosed because this was for a 2019 MY GLC 43 but the rough numbers were based on a price of $57,600 (MSRP $61,700) and $3,200 or so drive off fees (not sure what was included in this). The number I was quoted was $910/month without taxes which is astoundingly high for a compact SUV.
Are these expected lease numbers for this model?
After checking Edmunds it looks like the MF for a 3 year 12K/year lease is 0.00109 with a residual of 53%. I guess the residual is not that high which means higher monthly payments.
Thanks
Junior Member
Joined: Jul 2018
Posts: 32
Likes: 5
2018 GLC43C4, 2023 AMGEQEV4
Thought I might add my $.02 ...
Unfortunately, for most of the GLC AMG models, the parameters of lease deals do not make for the best bargains you can find across the M/B brand (compared, say, with what you'd be able to put together on a non-AMG E-Class ...)
There is *one* slight aberration to this, which I'm actually taking advantage this next month, via a European Delivery. I thought it might be useful to share.
The 2018 GLC43C4 (the Coupe model) currently has a very low MF of .00029 (the only other Benz with such a low MF is the SL roadster, which is a bad lease deal for other reasons).
With 4 MSDs, you can buy it all the way down to .00001, making the lease deal almost like an interest-free loan (ok, with the exception of the $795 acquisition fee).
The price you have to pay for that, is that the residuals are very low. But ... if you are considering a lease-to-buy option, this plan gives you a financing option that's pretty darn close to a 0% financing, especially if you use a longer term lease (e.g. 48mo)
Just to give a specific example, on the GLC43C4 I'm picking up in Germany in late August:
Options: Lunar Blue Metallic, Advanced Lighting, Cranberry red/black leather, Burmester, Smartphone Intg, Adv Parking Assist, Wheel locks, Trunk liner
USA MSRP: $67,525
E/D MSRP: $66,530 (destination waived)
Sale price: $63203
Acquisition and E/D insurance fees/misc: $1288
Lease term: 51 months/7.5k yr (I'm leasing to buy, so I don't care)
Residual: 41%
MF : 0.00021 (original MF, 4 MSD discount, +.0002 E/D lease markup)
Lease payment : $765/month (inclusive of WI 5.5% tax, zero down, other than the refundable MSDs)
Unfortunately, for most of the GLC AMG models, the parameters of lease deals do not make for the best bargains you can find across the M/B brand (compared, say, with what you'd be able to put together on a non-AMG E-Class ...)
There is *one* slight aberration to this, which I'm actually taking advantage this next month, via a European Delivery. I thought it might be useful to share.
The 2018 GLC43C4 (the Coupe model) currently has a very low MF of .00029 (the only other Benz with such a low MF is the SL roadster, which is a bad lease deal for other reasons).
With 4 MSDs, you can buy it all the way down to .00001, making the lease deal almost like an interest-free loan (ok, with the exception of the $795 acquisition fee).
The price you have to pay for that, is that the residuals are very low. But ... if you are considering a lease-to-buy option, this plan gives you a financing option that's pretty darn close to a 0% financing, especially if you use a longer term lease (e.g. 48mo)
Just to give a specific example, on the GLC43C4 I'm picking up in Germany in late August:
Options: Lunar Blue Metallic, Advanced Lighting, Cranberry red/black leather, Burmester, Smartphone Intg, Adv Parking Assist, Wheel locks, Trunk liner
USA MSRP: $67,525
E/D MSRP: $66,530 (destination waived)
Sale price: $63203
Acquisition and E/D insurance fees/misc: $1288
Lease term: 51 months/7.5k yr (I'm leasing to buy, so I don't care)
Residual: 41%
MF : 0.00021 (original MF, 4 MSD discount, +.0002 E/D lease markup)
Lease payment : $765/month (inclusive of WI 5.5% tax, zero down, other than the refundable MSDs)
Last edited by efty_wi; Jul 26, 2018 at 02:18 AM.
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Newbie
Joined: Jun 2018
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Tesla Model S
I disagree, Macan MUCH better.
MACAN GTS Residual Values
36 mos/15 Kmiles = 58%
36 mos/12K miles = 60%
GLC63 Coupe
3yr/15K Miles RV=48%
3 yr/12K,Mile RV=50%
GLC43 Coupe
3yr/15K Miles RV=46%
3 yr/12K,Mile RV=48%
MACAN GTS Residual Values
36 mos/15 Kmiles = 58%
36 mos/12K miles = 60%
GLC63 Coupe
3yr/15K Miles RV=48%
3 yr/12K,Mile RV=50%
GLC43 Coupe
3yr/15K Miles RV=46%
3 yr/12K,Mile RV=48%
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Super Member
Joined: May 2018
Posts: 600
Likes: 105
GLC63
Too bad the macan is too small for me and less powerful.
Newbie
Joined: Jun 2018
Posts: 8
Likes: 6
Tesla Model S
Re: GLC63 Coupe and Macan GTS: Money factors are identical at 0.0027. MSRP and negotiated sale price (7% off) nearly identical. I had to go with the Macan GTS over the GLC63 Coupe as lease payments are about $350 less per month. And though the Macan GTS is less powerful than the GLC63, damn does it drive well. Feels better in the corners IMO. And in my pocket.
Last edited by ghbmd; Jul 26, 2018 at 02:32 PM.
Member
Joined: Jun 2018
Posts: 192
Likes: 81
GLC AMG 63
Macan was number three on my list behind if the Range Rover Sport. Dollar for dollar the MB with offerings is a better car when buying. You have to factor in the Porsche Macan will be face lifted next year so it’s end of life they have to drop leases. I’m a Porsche guy first time MB, and the Macan was behind the RR on total offerings. Noting drives like a Porsche, but this is the wife’s car and the interior is far better than the Porsche along with a killer V8 .....hands down it was the GLC63 coup for us.
Junior Member
Joined: Feb 2018
Posts: 26
Likes: 15
From: Houston, TX
2017 GLC43
Thought I might add my $.02 ...
Unfortunately, for most of the GLC AMG models, the parameters of lease deals do not make for the best bargains you can find across the M/B brand (compared, say, with what you'd be able to put together on a non-AMG E-Class ...)
There is *one* slight aberration to this, which I'm actually taking advantage this next month, via a European Delivery. I thought it might be useful to share.
The 2018 GLC43C4 (the Coupe model) currently has a very low MF of .00029 (the only other Benz with such a low MF is the SL roadster, which is a bad lease deal for other reasons).
With 4 MSDs, you can buy it all the way down to .00001, making the lease deal almost like an interest-free loan (ok, with the exception of the $795 acquisition fee).
The price you have to pay for that, is that the residuals are very low. But ... if you are considering a lease-to-buy option, this plan gives you a financing option that's pretty darn close to a 0% financing, especially if you use a longer term lease (e.g. 48mo)
Just to give a specific example, on the GLC43C4 I'm picking up in Germany in late August:
Options: Lunar Blue Metallic, Advanced Lighting, Cranberry red/black leather, Burmester, Smartphone Intg, Adv Parking Assist, Wheel locks, Trunk liner
USA MSRP: $67,525
E/D MSRP: $66,530 (destination waived)
Sale price: $63203
Acquisition and E/D insurance fees/misc: $1288
Lease term: 51 months/7.5k yr (I'm leasing to buy, so I don't care)
Residual: 41%
MF : 0.00021 (original MF, 4 MSD discount, +.0002 E/D lease markup)
Lease payment : $765/month (inclusive of WI 5.5% tax, zero down, other than the refundable MSDs)
Unfortunately, for most of the GLC AMG models, the parameters of lease deals do not make for the best bargains you can find across the M/B brand (compared, say, with what you'd be able to put together on a non-AMG E-Class ...)
There is *one* slight aberration to this, which I'm actually taking advantage this next month, via a European Delivery. I thought it might be useful to share.
The 2018 GLC43C4 (the Coupe model) currently has a very low MF of .00029 (the only other Benz with such a low MF is the SL roadster, which is a bad lease deal for other reasons).
With 4 MSDs, you can buy it all the way down to .00001, making the lease deal almost like an interest-free loan (ok, with the exception of the $795 acquisition fee).
The price you have to pay for that, is that the residuals are very low. But ... if you are considering a lease-to-buy option, this plan gives you a financing option that's pretty darn close to a 0% financing, especially if you use a longer term lease (e.g. 48mo)
Just to give a specific example, on the GLC43C4 I'm picking up in Germany in late August:
Options: Lunar Blue Metallic, Advanced Lighting, Cranberry red/black leather, Burmester, Smartphone Intg, Adv Parking Assist, Wheel locks, Trunk liner
USA MSRP: $67,525
E/D MSRP: $66,530 (destination waived)
Sale price: $63203
Acquisition and E/D insurance fees/misc: $1288
Lease term: 51 months/7.5k yr (I'm leasing to buy, so I don't care)
Residual: 41%
MF : 0.00021 (original MF, 4 MSD discount, +.0002 E/D lease markup)
Lease payment : $765/month (inclusive of WI 5.5% tax, zero down, other than the refundable MSDs)
Also leasing to buy does not really work if you're looking for a good deal on a lease. The problem is the better the lease deal you get the higher the residual buyout will be, which effectively means any discount saved on the lease you end up paying on the buyout.
Newbie
Joined: Jun 2018
Posts: 8
Likes: 6
Tesla Model S
To add to what ajgraham said re ED. The other thing about leasing through ED is you need to make your monthly lease payments while the car is in transit. Lease starts the day you take delivery in Germany. Depending on where in Europe you drop off the car it can take 6-12 weeks for it to arrive back in USA for “re-delivery” to you.” You are making your lease payments that whole time for a car you cannot drive. At the monthly prices for an AMGGLC lease that is crazy. Also, I too think ED is no deal. Once you tell a dealer that you are thinking of ED for the discount they will just give you that discount. If the trip to Europe and the hotel were paid by MB it might be worth it. Otherwise pick up your car locally and take your vacation whenever and wherever you want.
Junior Member
Joined: Jul 2018
Posts: 32
Likes: 5
2018 GLC43C4, 2023 AMGEQEV4
I agree, this is hardly a good deal for everyone, I just happen to be experiencing a "perfect storm" of factors that make it a reasonable deal for me (I'm doing a 1-month driving vacation in Europe with my family, after which I'll be on a 3.5month professional gig in a different country while the car is getting shipped backed to US ... matter of fact, the payments I'm wasting while not using the car are offset by the 3-month lease accelerator payment waiver on my earlier lease that was otherwise maturing in Dec 2018, which I woudn't be around to use either). But, maybe the conclusion we can all agree on is that the lease parameters currently out there on GLC AMG models are not (at least not broadly, short of special circumstances) attractive. At least, when you compare it to what you can put together on, say, E-class models. My last 2 leases, for example, came out to $590/mo on a $74.5K MSRP 2016 E400W4, and $530/mo on a $65.5K MSRP 2017 E300W4 (both 36mo/30k leases, tax included). Such deals are not to be found on the GLC class, AMG or not.
BTW, as you might have noticed, as of August 2018, MBFS started offering a "promotional" lease on the GLC63C4 (as well as on a handful more of "63" models). But (of course), at a ridiculously high MF of .00220 (is this any less than the standard MF?). I'd rather pay cash ....
BTW, as you might have noticed, as of August 2018, MBFS started offering a "promotional" lease on the GLC63C4 (as well as on a handful more of "63" models). But (of course), at a ridiculously high MF of .00220 (is this any less than the standard MF?). I'd rather pay cash ....
Last edited by efty_wi; Aug 6, 2018 at 03:49 AM.
Junior Member
Joined: Jul 2018
Posts: 32
Likes: 5
2018 GLC43C4, 2023 AMGEQEV4
For the extra hurdles you're jumping through that's a terrible deal, 10% off without European Delivery is easy if you look at Cali or East coast dealers. You should never lease a car for longer than the manufacturer warranty because if it fails before you hand back you have to pay for the repair, and you have more servicing you need to pay for and the later ones get more expensive as the car gets older. The long term lease is especially risky on a new model car that is under 2 years old with no long term ownership data.
Also leasing to buy does not really work if you're looking for a good deal on a lease. The problem is the better the lease deal you get the higher the residual buyout will be, which effectively means any discount saved on the lease you end up paying on the buyout.
Also leasing to buy does not really work if you're looking for a good deal on a lease. The problem is the better the lease deal you get the higher the residual buyout will be, which effectively means any discount saved on the lease you end up paying on the buyout.
But if for whatever reason you are considering financing (e.g. loan) such a car, I think the low MF + low Residual combo of this lease could in fact make sense.
Remember that there's no reason why you couldn't combine this kind of a lease deal with a non-European Delivery order (I have my separate reasons for doing ED ...), such as dealers that would give you competitive retail discounts as you mentioned. But, if you're willing to put down MSDs, this lease structure would allow you to buy down the MF all the way down to .00001 (that's quad zeros). That's effectively an interest free loan ... and due to the low residual, you can probably pay off the car in 33-36 more monthly payments at the same amount as the initial lease payments. All in all, essentially a 7-year <0.1% loan. I'm very happy and interested to hear if my logic is flawed, of course.
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Joined: Feb 2016
Posts: 1,577
Likes: 264
From: Portland, OR
C450, GLC43
I agree, this is hardly a good deal for everyone, I just happen to be experiencing a "perfect storm" of factors that make it a reasonable deal for me (I'm doing a 1-month driving vacation in Europe with my family, after which I'll be on a 3.5month professional gig in a different country while the car is getting shipped backed to US ... matter of fact, the payments I'm wasting while not using the car are offset by the 3-month lease accelerator payment waiver on my earlier lease that was otherwise maturing in Dec 2018, which I woudn't be around to use either). But, maybe the conclusion we can all agree on is that the lease parameters currently out there on GLC AMG models are not (at least not broadly, short of special circumstances) attractive. At least, when you compare it to what you can put together on, say, E-class models. My last 2 leases, for example, came out to $590/mo on a $74.5K MSRP 2016 E400W4, and $530/mo on a $65.5K MSRP 2017 E300W4 (both 36mo/30k leases, tax included). Such deals are not to be found on the GLC class, AMG or not.
BTW, as you might have noticed, as of August 2018, MBFS started offering a "promotional" lease on the GLC63C4 (as well as on a handful more of "63" models). But (of course), at a ridiculously high MF of .00220 (is this any less than the standard MF?). I'd rather pay cash ....
BTW, as you might have noticed, as of August 2018, MBFS started offering a "promotional" lease on the GLC63C4 (as well as on a handful more of "63" models). But (of course), at a ridiculously high MF of .00220 (is this any less than the standard MF?). I'd rather pay cash ....
Respectfully, why do you believe that your rather complex financial and logistical situation applies to the OP or anyone else for that matter?
You are using a fairly complex tool optimized for a situation that's likely unique just to you. Kudos for being clever but.....so what?
In order to pay off your residual you'll need to set up a used car loan at 4-6% APR.
I can call my credit union today and set up financing at 2% for the principal on the new vehicle purchase. I would own the vehicle outright after 60 months with significantly less sunk cost and zero risk of lease mileage penalties. Additionally, luxury crossovers are not depreciating nearly as steep as sedans and coupes so significant equity is maintained in the vehicle should I choose to get rid of it.
Last edited by Mr. J; Aug 6, 2018 at 03:35 PM.
Junior Member
Joined: Jul 2018
Posts: 32
Likes: 5
2018 GLC43C4, 2023 AMGEQEV4
Respectfully, why do you believe that your rather complex financial and logistical situation applies to the OP or anyone else for that matter?
You are using a fairly complex tool optimized for a situation that's likely unique just to you. Kudos for being clever but.....so what?
In order to pay off your residual you'll need to set up a used car loan at 4-6% APR.
I can call my credit union today and set up financing at 2% for the principal on the new vehicle purchase. I would own the vehicle outright after 60 months with significantly less sunk cost and zero risk of lease mileage penalties. Additionally, luxury crossovers are not depreciating nearly as steep as sedans and coupes so significant equity is maintained in the vehicle should I choose to get rid of it.
You are using a fairly complex tool optimized for a situation that's likely unique just to you. Kudos for being clever but.....so what?
In order to pay off your residual you'll need to set up a used car loan at 4-6% APR.
I can call my credit union today and set up financing at 2% for the principal on the new vehicle purchase. I would own the vehicle outright after 60 months with significantly less sunk cost and zero risk of lease mileage penalties. Additionally, luxury crossovers are not depreciating nearly as steep as sedans and coupes so significant equity is maintained in the vehicle should I choose to get rid of it.
Also, from my own prior experience, I've had little trouble negotiating 2-3% financing from MBFS directly to cover a lease buyout. To me, this will end up feeling like a 84-month loan at less than 1% aggregate APR.
And, not suggesting that one should do this specifically in combination with a ED order; if I hadn't my own reasons for doing so, I would have just pursued this on top a negotiated retail discount.
