ksreed

I spoke to my dealer over the weekend about leasing an 07 E550, and he quoted me a money factor of .0043. Seems crazy high, no? Any sense in waiting for it to come down? How often do they adjust these things? These aren't negotiable, right?

Thanks for any insight.

silberrosa

Does not sound right. This equates to a 10.32% (MF X 2400 = IR%) interest rate which is borderline usery. MF should be lower. However, keep in mind the MF support is likely gone on the MY07 cars in favor of lease or retail cash. Negotiate your best deal and compare with other dealers. Good Luck - the 550 rocks!

emilner

Those are the numbers I heard from my dealer .004 to be exact, they are hoping MB drops it soon. The residuals are real low right now too...

SEEG

I ran into the same thing; low residuals and high money factor. It's somewhat better with the '08's. There is dealer money available on the '07's but they're getting harder to find especially the 550's. It's probably best to pay cash or arrange your own financing if you want the dealer cash. I'm not sure MB financial will offer both low lease rates and dealer cash on the 550's. The 350's are more attractive but there are a lot more of them available.

ksreed

The way the numbers work out, the monthly payment on a 24 month lease would be just shy of 900 (car has P2 and pano roof). Is that reasonable or way too high?