Leasing Question
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Joined: Nov 2002
Posts: 37
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From: Plano, TX
Leasing Question
Hey everyone,
Haven't yet finished the financing to my new car yet. The money factor on a lease from MB is troubling me. I'm getting a money factor of 0.00365
The good news is that the selling price of the car is $500 over invoice, ~$43000, and the residual is 60% for 39 months and 15000/yr. I traded in my Civic which got a net value of $5000.
The payments come out to $560 everything included.
Is this a good money factor? The finance guy said that this money factor was "even a special offer by MB". Dunno if he's pulling my leg or not.
I would hate to think that since I got a good selling price and a fair trade in value, that they jacked up the money factor to even things out.
What y'all think?
Haven't yet finished the financing to my new car yet. The money factor on a lease from MB is troubling me. I'm getting a money factor of 0.00365
The good news is that the selling price of the car is $500 over invoice, ~$43000, and the residual is 60% for 39 months and 15000/yr. I traded in my Civic which got a net value of $5000.
The payments come out to $560 everything included.
Is this a good money factor? The finance guy said that this money factor was "even a special offer by MB". Dunno if he's pulling my leg or not.
I would hate to think that since I got a good selling price and a fair trade in value, that they jacked up the money factor to even things out.
What y'all think?
MBWorld Fanatic!
Joined: Dec 2001
Posts: 1,028
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From: Houston, TX
Used to be a CLK430
Hey TXDoc,
I'm not sure how to answer your leasing question, do a search through the archives, there are tons of threads concerning this. On another note, $43K seems high to me, how many miles are on your new baby?
I'm not sure how to answer your leasing question, do a search through the archives, there are tons of threads concerning this. On another note, $43K seems high to me, how many miles are on your new baby?
MBWorld Fanatic!
Joined: Dec 2001
Posts: 1,028
Likes: 0
From: Houston, TX
Used to be a CLK430
Originally posted by TXDoc
Hi Nick,
The car had 200 mi on it. Sticker on the car was 45225.
Lee.
Hi Nick,
The car had 200 mi on it. Sticker on the car was 45225.
Lee.
