Is this a good deal ? - 2017 Merc GLC43 AMG

[ganesh]

I am looking for a short term lease and came across this.
I have never done any lease purchase before and I am completely new to this.
Calling on all the lease experts and MB experts, is this a good deal?

https://www.kijiji.ca/v-cars-trucks/...ationFlag=true

[BavarianBeast]

Seems like a good deal, but you better ask one of the benz fanboys.

Haha - "I'm pretty easy to get along with but I am really busy and don't have time to deal with people who can't afford it."

Dealing with Kijiji people in a nutshell.

[ganesh]

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Seems like a good deal, but you better ask one of the benz fanboys.

Haha - "I'm pretty easy to get along with but I am really busy and don't have time to deal with people who can't afford it."

Dealing with Kijiji people in a nutshell.

Yeah to me it sounds like a good deal. Don't know anything about MB's and want to make sure that I cover my bases.

[Disoblige]

Current lease allows 54,000 km over 36 months; current KM around 28k. 17 months left, so you can drive a bit over 1500 km a month without going over. Doesn't sound like much IMO.

[rage2]

He’s on par with the low mileage lease (18k/year). Lots of people only drive that per year. It’s a good deal, even better if you can take it over without giving up any cash (to him or lease transfer fees).

[Mitsu3000gt]

I personally wouldn't touch a lease-back knowing how most people treat them, especially performance models, but outside of that it seems like a fair price vs comparables. If you are looking to continue the lease and return it at the end, then go for it haha.

[ganesh]

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I personally wouldn't touch a lease-back knowing how most people treat them, especially performance models, but outside of that it seems like a fair price vs comparables. If you are looking to continue the lease and return it at the end, then go for it haha.

I needed something short term. I am waiting for the 2019 Macan GTS and it is getting delayed. So this is perfect for me. I will not keep the vehicle.

[Mitsu3000gt]

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I needed something short term. I am waiting for the 2019 Macan GTS and it is getting delayed. So this is perfect for me. I will not keep the vehicle.

Oh nice - that Macan will be awesome

[Maxx Mazda]

He put $12K down on a lease??! Dafuq...

[ganesh]

Thanks for the feedback guys.
Texted the seller he has $750 security deposit on Top of the Down payment.
How are the lease returns with MB? Anything to watch out for?

[rage2]

You’re allowed quite a bit of dings.

https://www.mercedes-benz.ca/en/owne...g-your-vehicle

That card is the size of a credit card.

[ganesh]

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You’re allowed quite a bit of dings.

https://www.mercedes-benz.ca/en/owne...g-your-vehicle

That card is the size of a credit card.

Thanks rage. That is good to know.
Made an offer to the seller 2K cash , he covers the transfer fee and winter wheels included.
He had made a counter offer asking me to cover the transfer fee.

[roopi]

I dont understand why people put downpayments on leases.

[ExtraSlow]

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I dont understand why people put downpayments on leases.

I don't understand leases at all, but it's been proven again and again that I live up to my user name.

[killramos]

Are you sure they were downpayments or security deposits?

For example on my last lease 7500 dollars in security deposites saved me 1.5% off the interest rate on the lease.

By my marth on a simple basis: for a 50,000 dollar loan that’s around 750 a year in interest savings, or 10% effective tax free return on the deposit. I think interest on a lease is calculated on the full sales price of the car?

Unless I misunderstand something gravely they definitely have a place.

[ganesh]

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Are you sure they were downpayments or security deposits?

For example on my last lease 7500 dollars in security deposites saved me 1.5% off the interest rate on the lease.

By my marth on a simple basis: for a 50,000 dollar loan that’s around 750 a year in interest savings, or 10% effective tax free return on the deposit. I think interest on a lease is calculated on the full sales price of the car?

Unless I misunderstand something gravely they definitely have a place.

According to the Seller (as stated in the ad) the down payment he put on the vehicle is $12K.
In the text he mentioned that there is a $750 security deposit.
I haven't seen any papers or anything to validate this.

[Misterman]

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I dont understand why people put downpayments on leases.

So you don't have a retarded monthly payment.

OP, just make sure you can give it back under the allowable KM's. Overage is a bitch, that's the one big cost you'll have.

Other than that it looks decent. Most idiots seem to think they can just have you take over their payments when they put nothing down. So essentially they want you to take all the depreciation, but still get a used vehicle. This guy is taking a 10k depreciation hit, which isn't bad. If you're not planning to buy it out, then you get a low payment to drive for a year and a half, and then move on to the Porsche. Seems like a good deal for both parties to me.

- - - Updated - - -

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According to the Seller (as stated in the ad) the down payment he put on the vehicle is $12K.
In the text he mentioned that there is a $750 security deposit.
I haven't seen any papers or anything to validate this.

Doesn't really matter to you anyway. The payment is already set, you know the lease end payout, so there is nothing to calculate. Not sure what Ganesh is even bringing it up for?

[dirtsniffer]

If it's a good deal some shady beyonder could be trying to sneak in there.

[Misterman]

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If it's a good deal some shady beyonder could be trying to sneak in there.

Someone would have to be ok driving that ugly ass vehicle to capitalize on the deal. lol. OP should be fine to snag it for himself.

[D'z Nutz]

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I don't understand leases at all, but it's been proven again and again that I live up to my user name.

I used to feel the same way, until this thread:

https://forums.beyond.ca/threads/339...ons-on-Leasing

Makes sense in the right situation.