Author Topic: Open a $1,000,000 CD get a Mercedes  (Read 1837 times)

Offline Shua

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Open a $1,000,000 CD get a Mercedes
« on: May 03, 2012, 06:36:54 PM »
Anyone have a mil lying around?

http://www.c1bank.com/mercedes-benz/

Offline A3

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Open a $1,000,000 CD get a Mercedes
« Reply #1 on: May 03, 2012, 06:51:43 PM »
It's pointless. It's just the interest upfront. And prob a 60k 1099 in year one instead of spread out over 5 years.

Was waiting for this to get posted though.

Offline good sam

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Re: Open a $1,000,000 CD get a Mercedes
« Reply #2 on: May 03, 2012, 11:31:23 PM »
It's pointless. It's just the interest upfront. And prob a 60k 1099 in year one instead of spread out over 5 years.

Was waiting for this to get posted though.
I would think at least that the MB partnership with the bank would get you a good deal on the car but the fine print says the car's MSRP is LESS than the present value of the interest!!

It's also kinda funny that the fine prints assures that the payment covers the $2.50 Fla Lemon Law fee.  pffew.
If you don't care why would you comment?
HT: DMYD

Offline yossi781

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Re: Open a $1,000,000 CD get a Mercedes
« Reply #3 on: May 05, 2012, 10:50:11 PM »
The car deal is based on a low interest rate as well.

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Re: Open a $1,000,000 CD get a Mercedes
« Reply #4 on: May 05, 2012, 11:13:04 PM »
Its 1.2 APY

With 1Mil I'm sure you could find better

Even though according to this google search the best I see is 1.15%

Offline aaa

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Re: Open a $1,000,000 CD get a Mercedes
« Reply #5 on: May 06, 2012, 03:38:15 PM »
I'll beat this deal and offer $60k cash.

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Re: Open a $1,000,000 CD get a Mercedes
« Reply #6 on: May 06, 2012, 05:26:43 PM »
I'll beat this deal and offer $60k cash.
I'll give $65K cash :)


Offline AsherO

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Re: Open a $1,000,000 CD get a Mercedes
« Reply #7 on: May 07, 2012, 04:22:22 AM »
I'll beat this deal and offer $60k cash.
I'll give $65K cash :)

You guys think I'd trust you with $1MM?... :P
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