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.

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.

I guess it all depends on money factor and residuals. MF tends to be higher than regular interest rates. Navy Federal has significantly lower rates than the 7+% you speak of.

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.

Thanks and to him for his service.

We don't have that option so over 4 years at 7% I am basically paying the cost of the car. It is crazy.

We are talking about Canada right, and that is finance rate? So lease is at 7.94 and 7% is finance rate?
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.