Anyone shopping at Mercedes lately? Rates at 9.49% for Brand new CLE

[youngandcreditwrthy]

I have a 2023 C300 in Brilliant Blue Metallic...she's my babe. Coupe. not a single problem in 15 months of ownership. 

even the dealer... didn't try to upsell me on my B service. Not even on alignment lol. I suppose Beverly Hills BMW is making plenty of $$$. They told me they are still getting $50k over MSRP on G wagons!!!!

So I want a CLE in Starling with REAL LEATHER in Dark Brown. 

Although the fed has lowered rates and my rate on my Benz is I think 7% ish, she told me their brand new rates are in the 9s!!!!! but that because no one in my area buys CLE300s I could get 10% off MSRP which is a 5-8K savings. 

so higher interest, but big big big discount. 

Anyone else been to a deal where rates aren't dropping ? Our economy is in such a strange spot right now.

[FicoMike0]

Nfcu is advertising "as low as 4.09%"

PenFed offering <5%

Maybe benz is offering a price break based on making it up on interest.

[CreditCuriosity]

MBFS is awful lately.  I had a 2022 CLA 450 AMG during pandemic where all places were marking up cars but this dealer wasn't was shopping online and had them put a deposit on CC to hold it and run my credit through MBFS so ensure also got it as at time cars were at a premium.  800+ scores and best tier i think they had at time was 7.99 if not mistaken.  Had them finance it then week later had it refinanced with NFCU which still counted at new which put me in high 3 or low 4's at time if not mistaken.  Use a CU such as NFCU they will write you depending on term somewhere in the 4% range on the car slightly varying on term.  Now driving a Porsche part of deal would use their bank of choice which was BofA they wrote me at 6.49 I believe march of this year once took delivery of car I could care less what F&I guy thought as he made money on other crap I didn't want anyways and once again did NFCU and was around 5.29% I believe when this fed rate decrease hits from last week will refi with them as they allow a one time refinance with same terms but lower rates if they exist which they have gone done a bit so will be in low 4's.  Long story short MBFS sucks with their rates shop around with a CU.

Also if that dealership is doing any kinda of mark-ups on CLA or G Wagon call around many dealership don't do them that have a bit of integerity and save yourself some cash.

[sccredit]

Rates are definitely high with MBFS. If financing personally (ie not in biz name) go with a credit union.

FYI - If they're still marking up the G550 and G63 they are way behind the game. I know West Covina, Fletcher Jones, Autonation Buena Park, Laguna Niguel, Temecula - they are all at MSRP. If they are that far off on GWagon pricing I'd see what kinds of discounts the others can do on the CLE

[FicoMike0]

I'll just keep my already paid for '81 280 sl. She's hybernating for winter right now.

[dfwxjer]

A 9.49% rate should turn off any potential buyer unless they're extremely desperate. Run, don't walk, away.