Sept money factor?
Junior Member
Joined: Sep 2013
Posts: 51
Likes: 0
BMW X6M
I heard you may be able to qualify for the secret special rate of 0.00195 which in certain states you could lower to 0.00115 with max multiple security deposits and auto-pay. Still feels very high given the current interest rate environment.
Junior Member
Joined: Sep 2013
Posts: 51
Likes: 0
BMW X6M
I hear it's a 0.00007 reduction per deposit with a max of 10 for 0.0007. You can also get another 0.0001 reduced for auto-deduct from checking. So if the MF is 0.0025 you will get it down to 0.0017. I can't believe he standard MF is so high.
Junior Member
Joined: May 2012
Posts: 43
Likes: 0
1987 560SL
no kidding. .0025 is effectively 6.0% interest.
it makes more sense to finance it but i dont like owning a car like this when ive had no experience with it... i like the idea of punting it in 3 years with no repercussions.
it makes more sense to finance it but i dont like owning a car like this when ive had no experience with it... i like the idea of punting it in 3 years with no repercussions.
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Senior Member
Joined: Dec 2007
Posts: 365
Likes: 8
From: San Diego, CA
08 E63 Arctic White/Black
you can't go by dealer quotes. MB dealers often pad the MBFS base money factors so that they can earn some extra money on the financing side.
if you know the base rate that MBFS offers, most dealers are willing to give it to you if you are top tier. i have only come across a few dealers who were unwilling to bring it back down and remove their padding, and of course they didn't get my business.
in any case, there are some sites out there that check various manufacturers base rates each month. ridewithg.com is pretty good but sometimes the rates aren't posted until a few days into the month, and longer for early holidays where the prior month's rates extends past the holiday (like 4th of july or labor day). he also doesn't have all the models. typically for the GL the MF is the same across 350-450-550 but the residuals will be very different. the 550 takes a 4-5% residual hit over the 450 usually.
looks like it is .00225 for the 2014 GL 450 right now. residual is based on the mileage, make sure you add back the % if you lease less than 15k/yr
http://www.ridewithg.com/index.php/2...eptember-2013/
if you know the base rate that MBFS offers, most dealers are willing to give it to you if you are top tier. i have only come across a few dealers who were unwilling to bring it back down and remove their padding, and of course they didn't get my business.
in any case, there are some sites out there that check various manufacturers base rates each month. ridewithg.com is pretty good but sometimes the rates aren't posted until a few days into the month, and longer for early holidays where the prior month's rates extends past the holiday (like 4th of july or labor day). he also doesn't have all the models. typically for the GL the MF is the same across 350-450-550 but the residuals will be very different. the 550 takes a 4-5% residual hit over the 450 usually.
looks like it is .00225 for the 2014 GL 450 right now. residual is based on the mileage, make sure you add back the % if you lease less than 15k/yr
http://www.ridewithg.com/index.php/2...eptember-2013/
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Junior Member
Joined: Sep 2013
Posts: 51
Likes: 0
BMW X6M
Thanks. It looks like the MF is the highest for GL and C coupes right now. It's interesting that the rate for the new E class is almost half of that.
FWIW, my dealer told me he could get me the special rate of 0.00195 now which I could further reduce to 0.00155 by using multiple deposits and auto pay
FWIW, my dealer told me he could get me the special rate of 0.00195 now which I could further reduce to 0.00155 by using multiple deposits and auto pay
