killatee18

Hey, I have a E350 and the lease is ending 2/21/09. I am thinking about buying it out as the price has gone down a lot from the original contract price. Only problem is that the interest rate they are offering is 8.14%. I have perfect credit and a steady job and there is no way I'm paying 8.14%. May I ask what rate you got? Will they negotiate on the rate?? Also, I went to my local bank and rates there were outrageous too...this would be considered a used car loan right? Not sure if its the economy or just a really bad deal. Looking for a 60 month loan. Thanks!

nJuDunno

You should shop around at some credit unions, most of the time all you have to do is open a savings account with them with very little money in it to be able to apply for a loan.