Is this a good deal for a 2016 S550 4Matic Sedan?

sean3315

The best number I've been able to get so far is 1199.93 with just first payment due up front. The residual he gave me is 51% and the money factor is .00043. The sale price of the car is 93,685. A huge discount from the MSRP of 111,685. This is for 36 months and 10k miles a year. Is this a good deal? Can I do any better than this? Most quotes I've been getting are around 1,400.

kyfdx

sean3315 said:

The best number I've been able to get so far is 1199.93 with just first payment due up front. The residual he gave me is 51% and the money factor is .00043. The sale price of the car is 93,685. A huge discount from the MSRP of 111,685. This is for 36 months and 10k miles a year. Is this a good deal? Can I do any better than this? Most quotes I've been getting are around 1,400.

.00043 MF and 51% is correct for 36/10.

If I add in the $795 acq.fee, I get $1107/mo.+tax.

So, depending on your tax rate and other DMV costs, that looks pretty close, and not a bad deal, at all.

sean3315

Do you think it is possible to get it lowered? He started at 1380 and is telling me that it probably will not be able to go any lower? Can I get him to adjust that residual it looks a little low. The residual on my 2014 E63S is 61% for 36.10.

sean3315

kyfdx said:

sean3315 said:

The best number I've been able to get so far is 1199.93 with just first payment due up front. The residual he gave me is 51% and the money factor is .00043. The sale price of the car is 93,685. A huge discount from the MSRP of 111,685. This is for 36 months and 10k miles a year. Is this a good deal? Can I do any better than this? Most quotes I've been getting are around 1,400.

.00043 MF and 51% is correct for 36/10.

If I add in the $795 acq.fee, I get $1107/mo.+tax.

So, depending on your tax rate and other DMV costs, that looks pretty close, and not a bad deal, at all.

I'd like to get it closer to 1,000. Is that realistic at all? Sorry If I'm coming off as naive about this.

kyfdx

sean3315 said:

Do you think it is possible to get it lowered? He started at 1380 and is telling me that it probably will not be able to go any lower? Can I get him to adjust that residual it looks a little low. The residual on my 2014 E63S is 61% for 36.10.

The bank sets the residual. The dealer can't alter it.

Michaell

sean3315 said:

kyfdx said:

sean3315 said:

The best number I've been able to get so far is 1199.93 with just first payment due up front. The residual he gave me is 51% and the money factor is .00043. The sale price of the car is 93,685. A huge discount from the MSRP of 111,685. This is for 36 months and 10k miles a year. Is this a good deal? Can I do any better than this? Most quotes I've been getting are around 1,400.

.00043 MF and 51% is correct for 36/10.

If I add in the $795 acq.fee, I get $1107/mo.+tax.

So, depending on your tax rate and other DMV costs, that looks pretty close, and not a bad deal, at all.

I'd like to get it closer to 1,000. Is that realistic at all? Sorry If I'm coming off as naive about this.

To go from a payment of $1107/mo to $1000/mo before tax, the cap cost would have to come down almost $4000.