taylorcoleman

Rory--it's time to buy...!

Siman

They dropped 10k right off the back that was before playing hard ball

sflgator

Yep; looking seriously into a left-over 2009 MB C63 AMG...since the dealers are selling the left-overs for $10-$13k off MSRP now, all the low-mi. '09 MB C63's are actually priced at or above the new ones b/c most were traded in/bought for more $$ a couple months ago. Anyway, I may end up waiting another month or two ('10's arrive in Sept.) to see if I can get a fully loaded left-over '09 MB C63 w/ Performance package, Prem 2 package, Multimedia package, Leather package, and iPod Integration kit for < $55k...maybe maybe.

The only thing is that the '09's don't have Keyless Go, folding mirrors, Radar-Guided Cruise Control, and Back-up Camera. I guess all except the Radar-Guided Cruise Control are now confirmed now for the 2010 MB C63; can't believe MB didn't offer Keyless Go and folding mirrors for the '08/'09 C63...we have these in our '08 MB GL450.

I'm on a month-to-month lease extension (until Nov.) on my '07 tuned BMW 335i, so these MB C63's are looking mighty attractive to buy via B.A. 4.3%-4.7% APR right now.

sflgator

Hmmm...I may be interested. What's your color combo and options? And, how many miles do you have on your C63? Do you have stock wheels/tires or aftermarket? Also, I take it ALL mods would be included...Kleemann, etc.

taylorcoleman

Well, it's black on sahara beige. Most all options except PP. Sticker was $67,500. ~6,700 miles. Stock wheels & tires.

The price I mentioned was for stock, of course. I'd part out my KLEEMANN package to the highest bidder. However, would make sense to sell this car to someone who would be doing the KLEEMANN package anyways.

Please PM me for further details.

thwalkerjr

Very happy for those buyers entering the market now.

A little patience would have saved me $10k. That's a Kleemann K2 Package and the some...

Dag Nabbit

rory breaker

Haha I know I know. It still irks me to no end, even at $55k, that this car in 18 months will be worth $35k. Would rather enjoy it for 24/36 and just give it back without being 10k+ underwater.

eagle_lex

have you all ever considered the "payment saver" option at penfed credit union? its sorta like a lease but a buy. you have a balloon at the end and at that point you could refi or trade it or sell it or even make the lump payment. i looked at it and after 60 months (you can do 24-60 month deals btw) a lump at the end was close to 19 or 20k. so not too bad. go to the site and put in the numbers in the calculator that work for you.

sflgator

Not a bad idea, but I know some banks like Bank of America are currently offering 4.3% 60-mo. and 4.7% 72-mo. financing (to qualified consumers) on any new vehicle. I believe these rates are much better than either MB, BMW, and the other auto finance co's are offering on these high-end perf. cars.

taylorcoleman

Actually, PenFed has used car rates to 60 months at 3.99%. It's also true that the payment saver options works sort of like leasing, and in my opinion, is a better option given how low the finance rate is on the payment saver loan versus lease rates.

Joining PenFed is easy. Threads on this already. In fact, I have my C63 financed through PenFed. At the time when I bought my car, I got 4.5% financing, so at that rate, did not make sense for me to pay cash.

eagle_lex

taylor,
good to hear your happy! i think that is the way im going to go next spring. put about 20k down and then use penfed!

taylorcoleman

I'm still fascinated by this. Leasing companies make profit (or try to). They build in the depreciation into your payments. Lease, buy, rent, whatever...either way, the AMG models are not for the faint of heart w.r.t. depreciation.

Keep in mind, leasing companies buy the car...they own it...they "rent" it out, until they sell it. They still make profit.

This high depreciation just goes with the territory. People drive these cars because they love them, and don't worry about the horrible depreciation, that's a given.

I'm told Acura has the best resell value of the premium brands. Maybe even the IS-F has a higher resell value than AMG...not sure. I'd say look at those cars instead if depreciation concerns you.

Another saying goes, "you pay to play". That about sums up the C63 and all AMG cars.

eagle_lex

cars are almost never an investment. i agree. if you like it, get it. just know that it will cost you if you dump it early....

Penthouse Party

True, F$#%#$^K MB Canada! I wanna get a C63 for cheap like u guys!

MB Canada, r u listening? Stop pretending you can sell a lot of cars and the economy is soooo good... Just reveal ur secret rebates n give us the same deals now!!!

Peanuthead

Hey Gator, I just replied to your post over on e90post.com...
Probably my last post over there...
Welcome aboard over here!

rory breaker

I simply dont agree. Call me an optimist but I like to have my cake and eat it too. If a deal doesnt make sense financially, at some point, it will. Case in point this thread - good things come to those that wait. It would not be worth it to me to have bought this car for $65k, driven it for 6 months only to have it sell for $55k brand new, making it worth $50k used if that.

Ill pay to play alright - my monthly payment is my entrance fee. If buying this car at $65k then selling it at $50k 6 months later or $30k 24 months later is the plan, no thanks - well I'll just have to find a way around it. I'll look into the penfed deal, thats interesting. When you say "trade" it does that mean just hand it back to the dealer or trade it in based on current value?

eagle_lex

there is NO "handing it back." unlike a lease. basically look at it as a lower payment with a balloon residual at the end. the calculator on their site helps. you can trade it in to a dealer with the hopes you can get what you own on the balloon, sell it to a private owner, or refi the balloon (no gurantee on the refi of course) or simply pay the balloon off in cash. also if i read the site right, there is no early payoff penalty. so if you come into some money you could simply pay the car off like a traditional loan. does that help any?

sflgator

Thank you; great to be here.

zibby43

Hey gator, you remember me from E90post (ybbiz34)?

sflgator

Of course, my bff. j/k...yes, I'm going to "the dark side," but I was already 1/2 there since my wife drives an '08 MB GL450.

600hpvette

I can't believe they are discounting the C63's so much now. I bought my 2009 E63 brand new in the 2nd week of June for 71.5k out the door. At the time the C63 was more expensive because they weren't moving on the price much. I wish my exhaust sounded like the C63. Now is the time to buy if you have the money.

Greg

Bones

Whats the residuals for these things?? That payment is crazy!!!! What after 3 years 30,000 miles you are looking maybe at what 40-45%??? Is it that bad??

Vic55

No, they are not that bad especially with your 10k per year figure. But they used to be much higher. The loss of value at the auction on their return cars clearly forced them to drive down estimated values on leases at end of term.

Here are July's numbers for MBCC (add 3% to the residual for 10k). What is appalling is the .395 money factor (I wont even talk about 24 months) or 9.36% APR. Even if you are a solid 700+ score you get lumped into the average money factor customer. MBCC used to pack up their residuals really high and have always had high MF's except on subvented programs. This way they made nice coin in interest and they kept the customer in their car the whole term since the payoff with the higher residuals was too much to unbury in a trade situation while the customer enjoyed the perceived lower payment due to the packed residual. I believe MBCC had or has residual insurance and whoever underwrote this was covering the difference at lease term. This amount had to be huge even in a good economy but drastic in todays current environment. So they did make some changes by dropping the residuals but unfortunately they left their greedy MF's intact.


2009 Mercedes C63 AMG
24 Month – Residual 53% of MSRP – .00430 Base Rate
36 Month – Residual 48% of MSRP – .00395 Base Rate
48 Month – Residual 42% of MSRP – .00395 Base Rate
60 Month – Residual 38% of MSRP – .00395 Base Rate


Whats interesting is the BMW 335i has a .00165 money factory and a 57 residual for 36 months... You can get that car fully loaded (55k MSRP) with 1200 dollars drive off for around 700 per month in a lease. But BMW has their MF's on the M3 at .00265 and dropped its residuals too; but not as bad as MBCC in either number.

I hate retailing or paying cash for a depreciating asset unless its a keeper. The only way I would get a C63 is to pay cash or finance it but never lease it.

Bones

Thanks for the info Vic. I am thinking about purchasing a C63, and putting a nice down stroke on it (30% down). Keep for 3 years/30K miles, and sell. So im looking at about 50% back from MSRP pricing when I say trade back in?? Is that reasonable, or pie in the sky??

Thanks

knightnox

I just picked up a black on black, c63Amg 2009 with navigation, pemium leather.... with MSRP 67K.
I paid 58K drive out. I bought it from Merc. Benz North Houston.

I love the car.