Financing 25k
#51
Member
Joined: Feb 2004
Posts: 82
Likes: 2
From: Chicago
Bentley Cont GT, Aston Martin V8 Vantage, Mercedes-Benz CLS63 AMG, S63,Ferrari 599, Ferrari 458
To answer the OPs question, if your credit is excellent you can get loans through MBUSA or a credit union for 1.9% which is about $440/mo for 60 months. I've used Penfed previously and they were great, however, it looks like their rate is now 2.99% for 60 months.
#53
MBWorld Fanatic!
Joined: Oct 2012
Posts: 3,704
Likes: 19
From: Denham Springs,LA
'12 C63 Black Series, '12 ML350 BlueTech
Now like I said you still can use the multiple security deposits in order to reduce your interest rate. The advantage against the down payment is you can get that money back at the end of the lease or if the car is totaled. Which is not the case for a down payment.
What you need to understand is that a large down payment on a lease is money wasted since you will never own the car as opposed to finance.
As for the insurance if you have a comprehensive one already it shouldn't change with a lease. But yes leases require a minimum level of coverage.