Money Factor for January ML350 Lease Special?
01-12-2008, 12:32 AM
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BMW 530
Money Factor for January ML350 Lease Special?
Mercedes came out with a ML350 lease special which have a $2000 lease cash. Does anyone knows the money factor for this lease. I came up with 2.09%??? The following #s are from the MB website except for the interest rate. The website never mentioned about the $2000 lease cash.
MSRP: $49,995
Cap Cost: $46,745.62
Residual: $30,496.95 (61%)
Depreciation: $16,248.70
Interest: $2,217.63
Monthly Payment: $559.59 (Cap Cost + Residual x .00087) divide by 33 mon.
A money factor of .00087 = 2.09%.
Thanks
MSRP: $49,995
Cap Cost: $46,745.62
Residual: $30,496.95 (61%)
Depreciation: $16,248.70
Interest: $2,217.63
Monthly Payment: $559.59 (Cap Cost + Residual x .00087) divide by 33 mon.
A money factor of .00087 = 2.09%.
Thanks
01-12-2008, 12:39 AM
#2
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Join Date: Oct 2007
Posts: 35
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BMW 530
Mercedes came out with a ML350 lease special which have a $2000 lease cash. Does anyone knows the money factor for this lease. I came up with 2.09%??? The following #s are from the MB website except for the interest rate. The website never mentioned about the $2000 lease cash.
MSRP: $49,995
Cap Cost: $46,745.62
Residual: $30,496.95 (61%)
Depreciation: $16,248.70
Interest: $2,217.63
Monthly Payment: $559.59 (Cap Cost + Residual x .00087) divide by 33 mon.
A money factor of .00087 = 2.09%.
Thanks
MSRP: $49,995
Cap Cost: $46,745.62
Residual: $30,496.95 (61%)
Depreciation: $16,248.70
Interest: $2,217.63
Monthly Payment: $559.59 (Cap Cost + Residual x .00087) divide by 33 mon.
A money factor of .00087 = 2.09%.
Thanks
Interest = (Cap Cost + Residual x .00087) x 33 months.
Monthly Payment = (Depreciation + Interest) divide by 33 months.
Thanks.
