Lease Value / MF

[bearct]

I visited a local dealer in Bay Area (SF) and was informed the MF to be at 0.0033 (which I feel is very high .. !!)
What is a good MF ? For 2015, B-Class - what is a good lease value (assuming 4k down) ?
I am not too happy with the dealer and so going to look into other options.

 

[Stretch2727]

Money Factors seem not to be used in NJ so much but I can calculate.

My "rent" or interest part of my lease is $460. This is on an average outstanding capital cost of $27,882. (Capital cost + residual)/2.

So the interest is 0.054% or a MF of 0.00000229. Almost zero!

Obviously your credit rating can effect this interest charge.

I would focus on the total out of pocket expense which should be be 25-27% of the MSRP on a 2015, less than 24% on a 2014.

 

[renault19]

I visited a local dealer in Bay Area (SF) and was informed the MF to be at 0.0033 (which I feel is very high .. !!)
What is a good MF ? For 2015, B-Class - what is a good lease value (assuming 4k down) ?
I am not too happy with the dealer and so going to look into other options.

MF = 0.0033 is extremely high, assuming you got the calculation right.

I got my 2015 BCED in March 2015 at a South Bay Area dealer. At the time I signed, there was no special MB lease program for the 2015 model. South Bay and Silicon Valley are more on the pricey side, than any nation wide or East Coast advertized lease offer. A lot of the incentives or discounts are at the dealer's discretion. The 2015s sell fast.
Given that I had custom ordered my vehicle, I didn't have much room for negotiation.

MF I got: 0.001520.
The form of my lease is a standard lease through MB Financial Services:
$3,000 discount on MSRP
$8,500 cap cost reduction resulting in an adj cap cost $36,000
Residual $22,000
$4,000 cash down + $7,500 fed tax credit applied towards: cap cost reduction, all other fees, taxes, first monthly payment.
Slightly over $500/month including 9% CA sales tax and the rent charge.

I did get my $2,500 clean air rebate check today which in some sense reduces my down payment from $4,000 to $1,500.

The lease I got is still better than what I saw while I shopped around in 2014 at a couple of other dealerships. I am not terribly excited about my lease, but I recommend you read through all posts on this forum related to various deals people got, do the math, and ask around.