Brav

I keep hearing conflicting reports. Can some one who made a recent purchase please advise. This for MB credit of course.

Thanks

GCLK32

Money factor is what they are charging to borrow money when it comes to a lease. You can convert a money factor to an interest rate. .00285 is 6.84%, and .00250 is 6%. Simply multiply money factor by 24.

Brav

I know what it is and how it works, but what I was looking for was the current rate. Maybe I was unclear. A few months ago , it was .285, now I am hearing .250. (Assuming Tier 1). This is what I am trying to confirm.

Thanks

modulated

He's asking what the current money factor is, not what a money factor is. I think.

A 10/14 posting on another board gave these numbers:

Tier 1: .00265
Tier 2: .00285
Advantage Tier: .00250 (person claimed this is a special rate for preferred credit scores)

Same posting claimed 36 mo. residuals are
62% for 15k mi
64% for 12k mi
65% for 10k mi

Note: I cannot verify the correctness of these numbers. The residual is no secret, just contact any dealer. Money factors sometimes require a little more work to dig up, but that's what we're all here for, right?

Brav

modulated, thanks. I know 2 mos ago it was 62%, but now I think it may be 61% (E500, not E320).

What score do you need for advantage? 720 or 740?

modulated

don't know what fico score you need.

Update: 36month/15kmi residual is now 63%.

Tezta

What about the MF on a prepaid lease?

alewifebp

I think they dropped the advantage tier, also known as tier 1A. It was my understanding that you needed a 775 FICO score or above to get tier 1A, and they dropped it because it gave really a limited benefit, and probably had very few ever achieving that.

And remember, when comparing these figures, the MF is pretty much the same for all of the vehicles for the same term (except I think the C is a little lower), but the residual is different for different models within a range.

I'm assuming that the announced 62% is for the E320. End of October for me, if I went with MBCC, it was 61% on the E500.

TectiteE

they didn't drop it, dealers just don't advertise it. i got the .0025 money factor, not that hard to get.

Brav

Is this for E320 or E500? Thanks.

modulated

Not necessarily true on the MF. I was quoted a significantly lower MF on the C than on the E by the same dealer. About .0008 lower.

currently 63%/15k mi for E320.