what terms is Mercedes Financial offering for leases and loans?
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MBWorld Fanatic!
Joined: Dec 2007
Posts: 2,755
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From: FL & CT
2015 S550 Palladium/Deep Sea Blue, 2016 Tesla Model S 70D, 2015 Volvo XC70
what terms is Mercedes Financial offering for leases and loans?
To get $3k "conquest cash" on a new S550, I am told I need to use MB Financial. Dealer said a loan would be 6.99%. Lease for 36mo / 0 down / 15k mi/yr would involve a money factor of .0025 and residual of 49%. Are these numbers ok? Or is the dealer making a some extra profit, and I should be looking for another dealer to work with?
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From: Boston
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Joined: Jun 2008
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From: NE Florida
2004 E500 Brilliant Silver/Ash Appearance & Premium Pkgs
If you are considering purchase (not lease) and Certified Pre-Owned (not new), I got 1.9% 36-month financing through MB Financial last month. Went in planning on paying cash and couldn't turn down their cheap money!
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Joined: Oct 2005
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From: CA
2010 CL65
Aside from obtaining the most efficiently priced car and leasing from a competent dealer that offers superior svc/likely lemon law support, may want to explore legal arbitrages of driving a FL-plated car in NYC region....
Seems that many arbitrage-oriented owners of $100K+ cars in NYC region own FL wkend houses, esp used in winter.....and choose to buy their cars at their usual NYC region dealers, but plate them to FL and drive them around NYC "often"....would explore/consider how sales txs are calc'd vs leases in FL; lack of front plate/silly veh inspec stickers in windshield of FL cars; annual car prop txs in CT, etc etc....I suspect some relatively simple (and legal) arbs exist here....
Seems that many arbitrage-oriented owners of $100K+ cars in NYC region own FL wkend houses, esp used in winter.....and choose to buy their cars at their usual NYC region dealers, but plate them to FL and drive them around NYC "often"....would explore/consider how sales txs are calc'd vs leases in FL; lack of front plate/silly veh inspec stickers in windshield of FL cars; annual car prop txs in CT, etc etc....I suspect some relatively simple (and legal) arbs exist here....
