abcut973

For those of you that are leasing what money factor do you get?
I got quoted by several MB dealerships 0.0026 which is not great.
They are telling me that MB financial sets it this way for AMG vehicles and there is nothing they can do about it.

Is that true?

OC6.3AMG

That's BS, post the car you're looking for in edmunds forums and they'll get you the numbers.

abcut973

I'm not too familiar with that edmunds website. what do you mean they will give me the number?
Are they deciding for MB financial? Or is it just an average of what should i pay?

OC6.3AMG

They publish numbers MB Financials provides dealers with.

here's an example page.

http://forums.edmunds.com/discussion...e-questions/p9

Let me know if you have any other questions. I wouldn't mind posting the question for you, just tell me the AMG you're looking for. I assume it's the 2015 C63 Coupe since you posted your question in W204 C63 section.

Better hurry on the C63 sedan if you wanna lease one.

OC6.3AMG

I just looked at my old records and MF was .00195 which I lowered with my excellent credit, and MSD. Residual was 60%.

abcut973

Pm'ed.
That was for your C63 right?
What is MSD?

OC6.3AMG

MSD is Multiple Security Deposit. You basically give them cash worth of few months payment and they lower the MF and when you return the car, you can either roll it into the next car, or get your cash back. (Assuming car is returned in one piece )

abcut973

Gotcha! thanks for the request on edmunds.
By how much is the MF lowered?

OC6.3AMG

It was enough to bring my monthly payment down by about $70. But my car is a C63, and you're looking at E63.

Send me details on the car you're interesting in and I'll calculate everything for you.

PkB2014

Good luck. The E63 is awesome. You will need to come through and let me check that out when you get it.

abcut973

I will if I do purchase one.

AMG 17GT

Really bad rates. For those who weren't aware to get rough APR multiply money factor x 24.

Penn fed has 1.29 %buy rates up to 48. If you purchase at 1/3 interest over 48 and sell I bet you come out way ahead.

Doubtful That reduced money factor resulted in $70 less/ month. Your residual was probably higher as well

Valvestud

Actually you multiply by 2,400. So .0026 = 6.24%.


Reghards,


Joe

abcut973

^ yep it has to be times 2400 to get the interest rate.
I don't understand why these dealers propose that higher rate where MB financial has a range which is lower than that (0.00195 to 0.00225) !!!

PkB2014

My understanding is that unless it's a Manufacturer's advertised deal, the dealer can add points to the rates. I suppose it's with anything, you have to haggle over everything. I try to buy if I can, it seems much simpler to me. Of course you have to worry about trade in value later and all that. Lease is kind of worry free once you've got the car so I understand the appeal.

AMG 17GT

Maybe just maybe you can look at the number and not the decimal point ??

What is this highschool ?

Valvestud

Yes, but most people think in terms of an APR expressed the way I suggested. Thanks for the input though.


Regards,


Joe