July incentives?
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July incentives?
Hey all,
Looking to finance a new GLE. Last month had the 0% APR up to 36 months. Too bad I couldn't find a car or buy it quick it enough. Any chance they'll have a similar incentive for July?
My SA is telling me the rates will be back up to 2.99%, though this isn't published yet on the MBUSA website...
Any one can confirm this?
Looking to finance a new GLE. Last month had the 0% APR up to 36 months. Too bad I couldn't find a car or buy it quick it enough. Any chance they'll have a similar incentive for July?
My SA is telling me the rates will be back up to 2.99%, though this isn't published yet on the MBUSA website...
Any one can confirm this?
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Joined: Nov 2012
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A gaggle of MB's
July "incentives" are posted on MBUSA as of tonight - I did not check earlier in the day.
In today's day and age - at 2.99 - most will choose to leverage longest term available for that rate.
For example - if MBFS is 2.99% 24-48 months - most would choose to leverage to 48.
Depending on your credit profile - at GLE price point - another lender might offer 2.99 at a longer term - let's say instead of max 48 they might have 2.99 to 60 - and most would choose to leverage out to 60.
With max term at 2.99 incremental interest dollars are not-so-bad trade off for lower monthly - and you can always choose to pay down early.
In today's day and age - at 2.99 - most will choose to leverage longest term available for that rate.
For example - if MBFS is 2.99% 24-48 months - most would choose to leverage to 48.
Depending on your credit profile - at GLE price point - another lender might offer 2.99 at a longer term - let's say instead of max 48 they might have 2.99 to 60 - and most would choose to leverage out to 60.
With max term at 2.99 incremental interest dollars are not-so-bad trade off for lower monthly - and you can always choose to pay down early.
Member
Joined: Jan 2020
Posts: 203
Likes: 103
From: Tucson, Arizona
2004 CLK320 Cab, 2020 GLE350
Bank of America is quoting 72 month new car loans at 2.69%. That’s almost free money. IMHO if you can afford to buy a new Mercedes, the impact of these interest charges should be considered trivial. We considered paying $70K cash, but leaving it in the stock market we recovered these interest payments many times over in the three months we’ve owned the vehicle. Which, incidentally, has been flawless.
Super Member
Joined: Jan 2020
Posts: 791
Likes: 412
From: Fredericksburg, VA
2020 Mercedes GLE350 4Matic; 2023 Tesla Model Y
USAA Fed Savings Bank has 2.69% financing for 72 months also -- lower than MBF. Their 84 month loan is 4.44%, and their 60 month loan is 2.59%.
Last edited by TexAg91; Jul 2, 2020 at 09:28 PM. Reason: grammer/typo correction
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Super Member
Joined: Dec 2016
Posts: 641
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From: Charlotte, NC
2024 E450 AT Wagon, 2024 EQS450+ / Had: 2021 E350, 2019 E300, 2021 + 20 GLE350, 2019 E450 Wagon(s)
Leasing programs got worse as well in July - money factor on GLE went up by .002, which is material.
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