MB Financial Money Factor?
Thread Starter
Junior Member
Joined: Jul 2007
Posts: 49
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MB Financial Money Factor?
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.
Thanks for any insight.
Super Member
Joined: Dec 2003
Posts: 663
Likes: 6
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!
Junior Member
Joined: Jul 2007
Posts: 44
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From: Central Washington
2011 S550 4Matic;2012 Suburban; '05 FLHTCSE;'06 S 4300 Tiara
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.
