Another lease question
Thread Starter
Newbie
Joined: Nov 2003
Posts: 20
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From: Boston, MA
M5
Another lease question
I'm getting an E500 4Matic. List including Lojack and gas guzzler is $69,180; getting $1,000 discount (that's a decent price around here for a 4Matic). I was quoted $900 for 39 months; $850 for 48 months, with $6,000 down (the $6,000 down payment pays for plates - $300; first month - $900; lease acquisition cost - $800). Residual is $43,000 for 39 months (64% of purchase price excluding gas guzzler); $32,000 for 48 months (46%). Money factor is .00275 for 39 months, .00185 for 48 months. Have highest credit rating. Is that competitive? Sounds high compared to what I've been reading on other posts.
Senior Member
Joined: Nov 2003
Posts: 398
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From: Socal
E500
Hi,
Just focus on Cap cost, which that should be the (MSRP - discount) price.
The most 2 import factor: 1. residual 2. money factor.
Every bank has different residual and money factor. It is really base on your credit. The US Bank has lowerst lease payment on MB, but you must have 730+ score and comparable auto before.
For MBCC, the super tier money factor is 2.1 and with residual of 0.57 12K +.02 and 10k +0.3
Chase has lower money factor but lower residual as well....
Lease is hard to explain... with only $1000 discount? I bet you can get more...
Just focus on Cap cost, which that should be the (MSRP - discount) price.
The most 2 import factor: 1. residual 2. money factor.
Every bank has different residual and money factor. It is really base on your credit. The US Bank has lowerst lease payment on MB, but you must have 730+ score and comparable auto before.
For MBCC, the super tier money factor is 2.1 and with residual of 0.57 12K +.02 and 10k +0.3
Chase has lower money factor but lower residual as well....
Lease is hard to explain... with only $1000 discount? I bet you can get more...
Senior Member
Joined: Sep 2003
Posts: 297
Likes: 0
From: Bay Area
Will an MB dealer meet/beat US Bank? I have above 730 credit, and will be turning in my Lexus LX470 in December, and picking up an E500 after that. I have accounts with US Bank, so I could go that route, but figure it'd just be easier to do it all with MB if they'd meet/beat the lowest rate.
Senior Member
Joined: Nov 2003
Posts: 398
Likes: 0
From: Socal
E500
Hi guys,
The lease program of MBCC, Chase or US Bank can only be done at dealer....
If you need any quote, just tell me the MSRP price, term of lease, milage, and $ of drive off. I can do the calculation for you under tier 1 rate. (730+) You must have purcahse a car before with no bad credit and good income .
The lease program of MBCC, Chase or US Bank can only be done at dealer....
If you need any quote, just tell me the MSRP price, term of lease, milage, and $ of drive off. I can do the calculation for you under tier 1 rate. (730+) You must have purcahse a car before with no bad credit and good income .
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MBWorld Fanatic!
Joined: Dec 2002
Posts: 2,399
Likes: 1
From: Irvine, CA
07 M6, 05 Noble, 01 S4, Smart ForTwo
Re: Money factor
Originally posted by Kocsis
Apparently MB Credit money factor is .0025 on regular E500, ..00275 on 4Matic. Residual is 64% on 39 month lease.
Apparently MB Credit money factor is .0025 on regular E500, ..00275 on 4Matic. Residual is 64% on 39 month lease.
I will PM you.
Almost a Member!
Joined: Nov 2003
Posts: 39
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Call Global leasing in Brooklyn, NY..ask for Jack and tell him Marc recommended you. Then can find the exact car you want and you can pick it up at a dealer near you, they were create...they were the only place i could find a 2003 wirth navigation! I got mine for less than $700 a month.
Almost a Member!
Joined: Nov 2003
Posts: 39
Likes: 0
Call Global leasing in Brooklyn, NY..ask for Jack and tell him Marc recommended you. Then can find the exact car you want and you can pick it up at a dealer near you, they were create...they were the only place i could find a 2003 wirth navigation! I got mine for less than $700 a month.
Thread Starter
Newbie
Joined: Nov 2003
Posts: 20
Likes: 0
From: Boston, MA
M5
I'd be curious at the exact deal they offer
Too late for me now. But I'd like to know money factor and residual (and whether residual includes gas guzzler); also lease fee and other incidentals.
If anyone calls them, please share experience.
If anyone calls them, please share experience.
Out Of Control!!
Joined: Jul 2003
Posts: 15,901
Likes: 4,629
From: North Scottsdale, AZ
'71 Pinto
Re: Another lease question
Originally posted by Kocsis
I'm getting an E500 4Matic.
I'm getting an E500 4Matic.
https://mbworld.org/forums/showthrea...threadid=52549
