Buy or Lease ?
Thread Starter
Junior Member
Joined: Jul 2024
Posts: 73
Likes: 24
Audi S5
Buy or Lease ?
So my AMG 53 is almost here and crazy MB Canada lease rate is still sky high at 7.94 %.
Is it a no brainer to just use cash on hand ( pulled a lot out of the markets in December ) to buy it ?
Thank you.
Is it a no brainer to just use cash on hand ( pulled a lot out of the markets in December ) to buy it ?
Thank you.
MBWorld God!
Joined: Dec 2019
Posts: 32,224
Likes: 6,283
I am also looking at a CLE 53 however I don't have a need to do any immediate purchases, that said is the 7.94% only lease? What about finance rate? I don't think you should buy it out with cash completely, however if the finance rate is still high, you could always put like half of the car price down or something, just please don't put any cash down on leases, that becomes capital cost reduction. I don't like leasing but that is just me.
Junior Member
Joined: Jul 2020
Posts: 67
Likes: 18
From: Southeast US
2025 CLE AMG 53
Last month I did 4.49% for 60 months with Navy Federal. Mercedes offered something in the mid 7% range, I didn't even look at it close and handed them my pre-approval check. I qualified because my late father served in the South Pacific in World War 2. It was an incredibly smooth process with them and i would highly recommend them.
MBWorld God!
Joined: Dec 2019
Posts: 32,224
Likes: 6,283
Can you tell me the finance rate for all the available months like 24,36,48,60,72,84 and the lease rate for 24,36,39,45, 48 etc.
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
