If you are looking at owning a shining new Mercedes-Benz SLK350, E350 Sedan, E350 Convertible, or ML350 SUV, but need to save a bit of fund for a rainy day as well, you needn’t have to pick one anymore. Just head over to Florida’s C1 Bank (known as Community Bank earlier) and open a new five-year CD scheme worth $1 million. However, you won’t earn any interest on this amount, as the cars are being offered as pre-paid interest. C1 Bank CEO Trevor Burgess specifies, “In this interest rate environment where the five year CD has an APY (annual percentage yield) of 1.20 percent, it is thrilling to change the game with the instant gratification of a spectacular Mercedes-Benz that our client will own, including tax, title, and license.”
Simple math, and you will come up with an interesting figure amounting to $61,294, enough to pick one of the four models from local dealer Crown Eurocars. However, this scheme is limited to only two Mercedes-Benzes per household. All in all doesn’t seem like such a bad deal after all!