newyorktoLA

Since there is no special financing on the 2019+ G63s, what APRs have people been seeing for these models with top tier/excellent credit (with any loan term)? Located in Southern CA, but am open to ordering in NY. Any info appreciated since looking to order one hopefully soon, but want to compare payments! Thank you.

pdeacon

Use 4% to 5% for information purposes. You won't be far off. Good luck.

Holson

Shop that around too. I had a good experience using Penfed a while ago on a used Aston at 0.9%. things have changed but still 2.5-3.5 for 36-48mo terms, pretty good I think

Sarlox

Mercedes Benz Financial is really increasing their rates (their financing rates both for purchases and leases are in the 7% to 8% range, for top tier credit risks) due to the number of defaults they (and the car funders in general) are experiencing. I have a good friend that works in the finance department and he stated he can only get about 50% of the people financed through MB Financial that he could a year ago. It's coming folks, default rates on auto loans is a leading indicator.

jbeech

No offense, but if you have to finance it, you can't afford it. Buy a used one, instead. This is a really poor time to be taking on debt.

just1time

No offence, but you do know people finance used ones also right?
in my opinion, Anyone who is not ultra rich should not pay cash for this truck. You can put your money to better use if the returns are better.

jbeech

Be that as it may but in my experience, those who finance their vehicles don't invest so that business of making better use of their money is just that, something they say to make themselves feel better. Nor do they have another way of making more money because they work for somebody else. And to my point; if the difference between 4-5% and 7-8% . . . or even 0% makes 'any' difference to you, then you can't afford it. Finally, if you buy a used one 'and' you have to finance it, then you 'really' can't afford it. Nobody who matters cares what you drive. We made do with a Corolla and an old 240Z for quite a long time. The critical thing in your life is to avoid making payments other than to yourself. Are you aware of what's happening in the economy? This is a terrible time to be making economic commitments for a set of wheels you have to finance. And for what, to impress others? Good grief! Here, read this and ponder what it is telling you regarding the world around you.

https://wolfstreet.com/2019/10/25/su...l-crisis-peak/

places

So this guy is on a forum where so many people are capable of spending 150K or more giving financial advise.

AMGBEASTMODE

Rates should be in the high 2's to 4% range, with short term rates dropping recently there will be demand for more attractive rates... Try a local credit union as well, they're usually much more favorable, i.e. https://www.allegacy.org/rates/

just1time

I doubt majority of owners bought their trucks cash. I doubt its the norm. I, personally don't care how a person buys their truck. its none of my business. Some People have more money than others. Some people like to finance, some people like buy cash. We all live differently.
I simply disagree with your rigid opinion on the correlation between affordability and cash payment for a luxury good.

just1time

I am not sure what you getting at here. But either way, if you consider my statement as advice without further consideration of other factors, I worry for you.
I have never financed a car in my life. Actually, The only reason I am presently not in a G63 yet is cause of this principle of mine. I like to own my cars outright for a host of different reasons. Some financial, some personal. .
But that in no way, shape or form makes it the defining criteria for judgement of a person on affordability of the truck.

If you can get a better return on your money, makes no sense to pay cash for the truck. But like i said, we all operate differently and believe in different things. We all have different priorities, goals and strategies. There is no one clear-cut method that towers over the other given all things are not equal.
So it is no ones place to judge another person whether they choose to finance or pay cash without considering other factors.

Sandman3769

When I had my own company, I used to always lease because the tax write off on a lease was better than the depreciation write off on a bought car. I would always try to negotiate the sale price though, so if I wanted to buy it at the end, I would get a better deal. Now that I cant write it off anymore, I just buy my cars. If they are offering a super low interest rate, it makes sense to finance as much of the car as you can, and use the money on investments instead. If the interest rate is 4% or above, I will buy it outright.