View Poll Results: Bought or Lease
I bought the car
58
76.32%
I leased the car
18
23.68%
Voters: 76. You may not vote on this poll
Bought or Lease
Guest
Posts: n/a
Originally posted by tifosiv122
I don't think the dealers take better or worse care of leased vehichles...
1. They don't get the cars back, the company does...IE MB North America.
2. They make more money off of purchases (usually) and would rather keep those customers happy.
I understand the write off part, and I said its for people to afford cars they otherwise couldn't, but there is no way I would pay $43,000 for a car only worth $74,000 and get nothing in the end.
If you keep your car in nice shape you should be able to sell it for more then that afterwards.
Personally I know I would never buy a car off lease I see what some of my friends do to their cars...because it's 'not my car, who cares!'
Erik
I don't think the dealers take better or worse care of leased vehichles...
1. They don't get the cars back, the company does...IE MB North America.
2. They make more money off of purchases (usually) and would rather keep those customers happy.
I understand the write off part, and I said its for people to afford cars they otherwise couldn't, but there is no way I would pay $43,000 for a car only worth $74,000 and get nothing in the end.
If you keep your car in nice shape you should be able to sell it for more then that afterwards.
Personally I know I would never buy a car off lease I see what some of my friends do to their cars...because it's 'not my car, who cares!'
Erik
1. When I start a business I can write off my car payments, making back the loss on the lease.
2. You've paid higher payments over the same period while I took the extra cash and bought houses instead to support my newest business venture which allows me to write off my car - money in your hand is sometimes the best investment you can make, it allows you to jump on opportunities when they arise rather than wait for savings.
MBWorld Fanatic!
Joined: Mar 2003
Posts: 1,034
Likes: 0
From: Chino Hills, CA
2008 C300 Sport
Originally posted by taylor192
Now consider the advantages:
1. When I start a business I can write off my car payments, making back the loss on the lease.
2. You've paid higher payments over the same period while I took the extra cash and bought houses instead to support my newest business venture which allows me to write off my car - money in your hand is sometimes the best investment you can make, it allows you to jump on opportunities when they arise rather than wait for savings.
Now consider the advantages:
1. When I start a business I can write off my car payments, making back the loss on the lease.
2. You've paid higher payments over the same period while I took the extra cash and bought houses instead to support my newest business venture which allows me to write off my car - money in your hand is sometimes the best investment you can make, it allows you to jump on opportunities when they arise rather than wait for savings.
good point...
MBWorld Fanatic!
Joined: Aug 2002
Posts: 3,364
Likes: 13
From: New Jersey
SLS AMG | S65 AMG | GL550
Originally posted by taylor192
2. You've paid higher payments over the same period while I took the extra cash and bought houses instead
2. You've paid higher payments over the same period while I took the extra cash and bought houses instead
tuscanraider - I understand your stock point...but you could still sell your $74,000 S430 after 39 months and get more then $31,000 so your not loosing anything. The more you sell it for the less you paid for the car. If you leased it you paid $43,000 and thats it.
Erik
MBWorld Fanatic!
Joined: Nov 2001
Posts: 1,377
Likes: 1
From: Vancouver Island, B.C. Canada
2005 smart cabrio; 2008 Mercedes-Benz B 200
poor analogy
Originally posted by tuscanraider
If your stockbroker told you to buy a stock, and he guaranteed it will decline, would you buy the stock?
Well thats what a car is: A depreciating asset. You buy it and its value goes down immediately, and it continues that trend, until maybe one day it becomes a classic or 'antique'.
Couldn't be simpler my friend.
If your stockbroker told you to buy a stock, and he guaranteed it will decline, would you buy the stock?
Well thats what a car is: A depreciating asset. You buy it and its value goes down immediately, and it continues that trend, until maybe one day it becomes a classic or 'antique'.
Couldn't be simpler my friend.
Aside from its market value, an automobile also has a utility value.
You can't drive your Disney stock certificate to work now can you?
Ergo to view a car as ONLY an asset is myopic.
Yes, cars depreciate, but unless you're not driving it at all, you are deriving benefit from it, which should be roughly equal to the depreciation. If you are not deriving that degree of benefit from using the car, you bought one that's too expensive for you. Indeed, that IS simple, my friend.
As a case in point, my daily driver is a ~200,000 mile Peugeot 405. No major repairs, regular maintenance only, timing belt changes at 100,000 km. I've owned the car for a decade and it's depreciated a total of $1000 per year, assuming it's worth $2000 now. Canadian dollars BTW (call it $780 US depreciation per year, value of $1500 US). It's a fine car, more reliable than our Benz so far (the Benz broke down after 6 months, the 405 after I had owned this (used) car 8 years, both repairs were identical (blown coils). It's worth virtually nothing, but it still has utility value, which far exceeds its market value. When something is worth virtually nothing, it ceases to be an asset according to conventional economic criteria, but an asset this old car assuredly is.
If a car has depreciated to zero, does it cease to exist?
My classic car on the other hand, is an appreciating asset, but that's another story. It's also nicer to look at and drive than either of my two other cars....
MB World Stories
The Best of Mercedes & AMG
8 Oddball Mercedes Ideas That Actually Made it to Production
Verdad Gallardo
Dubai Tuner Gives the Mercedes G-Class An Entirely New Look
Verdad Gallardo
Six Gift Ideas Your AMG Loving Dad or Grad Will Cherish
7 Craziest Things AMG Gas Ever Built
Verdad Gallardo
New Electric Mercedes-AMG GT 4-Door Coupe Unveiled: 10 Things You Need to Know
Verdad Gallardo
6 Mercedes Models That Did NOT Age Well (But Are Somehow Still Cool)
Verdad Gallardo
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
MBWorld Fanatic!
Joined: Oct 2002
Posts: 7,587
Likes: 0
From: Louisiana
E320
Re: Leased
Originally posted by schambo
If you have a business it's a "no brainer". It's a big write off.
If you have a business it's a "no brainer". It's a big write off.
MBWorld Fanatic!
Joined: Aug 2002
Posts: 3,364
Likes: 13
From: New Jersey
SLS AMG | S65 AMG | GL550
Originally posted by mj50
the only car i would lease is hybrid.
the only car i would lease is hybrid.
Erik
MBWorld Fanatic!
Joined: May 2002
Posts: 8,189
Likes: 1
From: SF
2007 VW GTI
Just to clear things up, the dealer never gets the car back after a lease. When you lease a car, the dealer sells the car to the leasing company, i.e. MBCC. You then pay the leasing company for the use of the car. This payment includes the estimated cost of depreciation, interest and taxes.
I bought my MB, but I'm leasing my 350Z. In doing research for my Z, I read the guide on this site and I found it to be an excellent resource:
www.leaseguide.com
PS - It is a myth that if you finance your car, you own it. The bank owns it; you don't get the title until you pay off the loan in full.
I bought my MB, but I'm leasing my 350Z. In doing research for my Z, I read the guide on this site and I found it to be an excellent resource:
www.leaseguide.com
PS - It is a myth that if you finance your car, you own it. The bank owns it; you don't get the title until you pay off the loan in full.
MBWorld Fanatic!
Joined: Aug 2002
Posts: 3,364
Likes: 13
From: New Jersey
SLS AMG | S65 AMG | GL550
Originally posted by session
Just to clear things up, the dealer never gets the car back after a lease. When you lease a car, the dealer sells the car to the leasing company, i.e. MBCC. You then pay the leasing company for the use of the car. This payment includes the estimated cost of depreciation, interest and taxes.
I bought my MB, but I'm leasing my 350Z. In doing research for my Z, I read the guide on this site and I found it to be an excellent resource:
www.leaseguide.com
PS - It is a myth that if you finance your car, you own it. The bank owns it; you don't get the title until you pay off the loan in full.
Just to clear things up, the dealer never gets the car back after a lease. When you lease a car, the dealer sells the car to the leasing company, i.e. MBCC. You then pay the leasing company for the use of the car. This payment includes the estimated cost of depreciation, interest and taxes.
I bought my MB, but I'm leasing my 350Z. In doing research for my Z, I read the guide on this site and I found it to be an excellent resource:
www.leaseguide.com
PS - It is a myth that if you finance your car, you own it. The bank owns it; you don't get the title until you pay off the loan in full.
I don't like not owning my vehicle because it's actually the bank's for 39 months.
They don't get the cars back
Erik
MBWorld Fanatic!
Joined: Nov 2001
Posts: 3,744
Likes: 1
Originally posted by session
PS - It is a myth that if you finance your car, you own it. The bank owns it; you don't get the title until you pay off the loan in full.
PS - It is a myth that if you finance your car, you own it. The bank owns it; you don't get the title until you pay off the loan in full.
MBWorld Fanatic!
Joined: May 2002
Posts: 8,189
Likes: 1
From: SF
2007 VW GTI
Originally posted by Lynn
Wrong. The buyer of the financed car owns the car. The title to the car is never in the name of the bank. The bank places a lein against the titile of the car and since the car is easily moved or hidden , the banks wants physical possesion of the title. This is the similar to a house mortgage, exept because the house cannot be moved, the bank doesn't require posssesion of the deed.
Wrong. The buyer of the financed car owns the car. The title to the car is never in the name of the bank. The bank places a lein against the titile of the car and since the car is easily moved or hidden , the banks wants physical possesion of the title. This is the similar to a house mortgage, exept because the house cannot be moved, the bank doesn't require posssesion of the deed.
Guest
Posts: n/a
btw, i would think that many would have gotten their cars 0% finance. over here, several ohio and michigan dealers had a month of 0% financing going on. sure it is only on the c240, c230k, but its still a good deal IMO. guess we midwesterners are cheap lucky *******s.
Junior Member
Joined: Jan 2004
Posts: 38
Likes: 0
From: NJ
ML 320 MY2000, C320WZ MY2004.5
Originally posted by moomeh
0% financing
0% financing
If you're a business owner, it's better to lease if you're reinvesting money to grow your business. But if business is slow like it is right now I'd rather pay the car than incur interest.
I bought mine this time -- less papers to sign -- and a great feeling that it's yours as you drive out the dealer lot.
Senior Member
Joined: Jul 2002
Posts: 378
Likes: 0
From: Toronto
Paid full. My family's against borrowing money, except for small(er) charges on credit cards. However, we don't have such good deals such as 0% financing on MB's, the lowest is 0.9% for a year on C230/C240, at least, that's the lowest i'm aware of. I'd finance a car, however, it seems every car I want doesn't have 0% financing.
