Residual Value for Lease
Member
Joined: May 2002
Posts: 205
Likes: 0
Originally posted by mike_fern2001
1g per month? how much out of pocket and what options?
1g per month? how much out of pocket and what options?
Mine is E500 - E3 sport package, drive dynamic, active ventilated, split rear seat, power rear sunshade, and CD changer - 12k miles (39000 miles total, not 36000), 6k down (4k cap reduction, rest closing costs, tax, whatever) 39 months, $800.97/mo. tax included.
Super Member
Joined: Sep 2002
Posts: 819
Likes: 0
2004 E500
Originally posted by JQP-MB
Maybe I will finance instead, since interest rates are hovering around 4.5% right now. I still have a few months to decide.
Maybe I will finance instead, since interest rates are hovering around 4.5% right now. I still have a few months to decide.
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Member
Joined: Dec 2002
Posts: 101
Likes: 0
From: Santa Cruz, CA
'03 E320
Lease Rates
You may want to check out the following web site for available lease rates ;
www.leasecompare.com
They offer very low lease money factors, which equate to low interest rates. (Take lease money factor and multiply by 24 for effective interest rate). On the other hand the residual is usually lower.
When I aquiured my new E320, I told the dealer that I planed on using this service. Within 24 hours, the Sales Director was able to find equivalent lease factor with local bank, which was at 60% of what MB financing had available. Having local lease financing did save me the hassle of coordinating a third party.
If you want low cost of money, and reasonable negative cash flow, this may be an option.
www.leasecompare.com
They offer very low lease money factors, which equate to low interest rates. (Take lease money factor and multiply by 24 for effective interest rate). On the other hand the residual is usually lower.
When I aquiured my new E320, I told the dealer that I planed on using this service. Within 24 hours, the Sales Director was able to find equivalent lease factor with local bank, which was at 60% of what MB financing had available. Having local lease financing did save me the hassle of coordinating a third party.
If you want low cost of money, and reasonable negative cash flow, this may be an option.
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