I’m in the market for an EQE SUV and decided to spec out an AMG EQE SUV.
I got a call from my dealer (MB Foothill Ranch, CA) that the car should be ready any day.
What is the money factor / interest rate / rent fee, equate to?
Here’s what I got:
MSRP: 122,350
Lease Bonus Cash: $7,500
Suggested Dealer Contribution: $3,199
AMEX incentive: $2,500
Residual??
MF??
With the Manufacturer Special Advertisement:
MSRP: $110,450
Lease Bonus Cash: $7,500
Suggested Dealer Contribution: $3,199
Total Gross Capitalized Cost: $107,251
Total Payments equal $51,858
Purchase Option at lease end $59,643 (1st month payment, cap cost reduct., acq. fee)
Due at lease signing $9,896
$0.25/mile over 30,000 miles
from a calculator, i’m using .0004 MF for a $1,200 payment on the dealer example.
assuming the MF stays the same, what is my payment on spec car @ 122k with ~$13,200 off the car?
does the residual value go up since my spec has a higher MSRP?
I will probably lease for 36 months or less if possible. I doubt I will drive 10,000 miles a year. closer to 6k miles year.
Having current, accurate information for residual value, money factor, and incentives is important in understanding your deal. As such, going directly to a source that has access to that data from the captive banks is your best option.
Rate Findr has that information, as they have direct access to it from the captive banks. It’s a tool on the Leasehackr Calculator, available to Super Supporters.
I also had a rough start with them but they gave me what I wanted at the end. Unfortunately, that car was totaled by a flying wheel from the other side of the freeway.
“One source interviewed by Auto News estimated that while they had roughly a 50-day supply of internal-combustion engine-powered cars in their inventory, that figure looked more like six months for battery-electrics.”