Need advice in downsizing

magicman320 · 07-18-2010, 01:46 PM

Thinking of downsizing from my 07 R350 to a 2000-2002 E320 wagon.
Tired of making that 600.00 monthly payment.
What would be the best way to go about doing that without shelling out money.
Its financed through MB Financial.
Any suggestions would be appreciated.

History: Leased it back in 2007 then bought it out at the end (2010). 8% APR
Been about 5 months on the finance.

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magicman320 · 07-20-2010, 11:47 AM

Over 150 views and not one response.....wow.

LeaseCompare · 08-08-2010, 11:25 PM

Do you know your current payoff?

magicman320 · 08-09-2010, 08:31 AM

My pay off is at 23k.

LeaseCompare · 08-09-2010, 10:35 AM

Quote:

Originally Posted by magicman320

My pay off is at 23k.

Here are current acution numbers:

Average Miles: 40,625

Above Average: $25,974
Average: $22,343
Below Average: $18,712

So you are pretty much in line depending on the miles.

We can probably knock a couple hundred off that payment by re-financing it for a rate in 4% range.

You can see quotes here: http://www.DriveItNow.com

Let me know your thoughts.

DJ GAINS BOND · 08-09-2010, 03:06 PM

you will not be happy and probably wind up spending more getting back into an r or similar vehicle. 5 years is a big difference.

07-20-2010, 11:47 AM	#2
magicman320 Member Garage is empty, add now Join Date: Jul 2003 Location: New York / New Jersey Posts: 120 Drives: 2007 R350 4matic, 00 E320 Wagon 4matic	W Over 150 views and not one response.....wow. __________________

08-09-2010, 08:31 AM	#4
magicman320 Member Garage is empty, add now Join Date: Jul 2003 Location: New York / New Jersey Posts: 120 Drives: 2007 R350 4matic, 00 E320 Wagon 4matic	My pay off is at 23k. __________________

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08-08-2010, 11:25 PM	#3
LeaseCompare Former Vendor of MBWorld Garage is empty, add now Join Date: Jan 2005 Location: Cincinnati, OH Posts: 583	Do you know your current payoff?

08-09-2010, 03:06 PM	#6
DJ GAINS BOND Junior Member Garage is empty, add now Join Date: Dec 2008 Location: CT Posts: 35 Drives: E 350	you will not be happy and probably wind up spending more getting back into an r or similar vehicle. 5 years is a big difference.

08-09-2010, 03:06 PM
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