Any word on dealer $$ extending into Aug...
07-31-2009, 06:19 PM
#1
Any word on dealer $$ extending into Aug...
Just curious if anyone has any inside info on whether the dealer money will extend into August on the C63.
I am working a last minute deal for $11K off of MSRP (car will be shipped to dealer), and since MB isn't offering the 2.9% on the C63, I am having to use 4.85% through BofA.
I am working a last minute deal for $11K off of MSRP (car will be shipped to dealer), and since MB isn't offering the 2.9% on the C63, I am having to use 4.85% through BofA.
... I got ripped on the rate...
07-31-2009, 11:50 PM
#3
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'09 C63 AMG
I got 4.7% APR w/ BoA (could've been as low as 4.3% for a 60-month term though), but I have an 800 FICO and a couple accts w/ BoA.
08-01-2009, 12:33 AM
#7
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'09 C63 AMG
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08-01-2009, 02:03 AM
#8
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2009 C63 and 2008 BMW M5
60 months.. Only reason I went with them from my dealer is they ate the last five of my lease payments. Also they threw in my service A for free and MB original All weather matts. But I am upset I got ripped on the rate. Oh well I was going to get a home equity loan and just pay it off so at least I can write off the interest.
08-02-2009, 04:47 AM
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2009 C63 and 2008 BMW M5
Yeah but last year you also didn't get $13.5k off... You most likely only got maybe a couple grand off... So there was more flexibility on the rates when people was paying close to msrp instead of at invoice.
08-02-2009, 05:59 AM
#11
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Is it worth trying to refinance a bad loan? I got a 5.5% Through BofA too that was the best they can do during the time I got the car.
The PenFed rate looks interesting. Where can I get more info should I decided to refinance?
Although technically would it be a used car application?
The PenFed rate looks interesting. Where can I get more info should I decided to refinance?
Although technically would it be a used car application?
08-02-2009, 08:00 AM
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2009 C63 and 2008 BMW M5
Is it worth trying to refinance a bad loan? I got a 5.5% Through BofA too that was the best they can do during the time I got the car.
The PenFed rate looks interesting. Where can I get more info should I decided to refinance?
Although technically would it be a used car application?
The PenFed rate looks interesting. Where can I get more info should I decided to refinance?
Although technically would it be a used car application?
08-02-2009, 08:36 AM
#13
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Yeah I would do that except I sold my home 2 years ago (yes i got lucky and sold at peak) and the proceeds are stuck in long term investments until next year so I have no liquid cash.
Btw, I'm sure everyone does the whole write off the interest thing but now you got me wondering if its illegal just in case you ever get audited by the IRS?
Btw, I'm sure everyone does the whole write off the interest thing but now you got me wondering if its illegal just in case you ever get audited by the IRS?
Last edited by arctichaze; 08-02-2009 at 08:42 AM.
08-02-2009, 08:58 AM
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2009 C63 and 2008 BMW M5
Its perfectly legal. Alot of people have done it... You can do whatever you like with your home equity loan and write off the interest. Many people without cash do this all the time.
08-04-2009, 10:09 AM
#17
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I can't see why they wouldn't continue the offer. You can always call a dealer and make an offer including the 7.5K off and see what you get.
If they discontinue the offer, then why would you ever consider an '09 over a '10??
If they discontinue the offer, then why would you ever consider an '09 over a '10??
08-04-2009, 10:27 AM
#18
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Anyone would consider a new 09 over a 10 without such a huge rebate. Im sure 2010's wont have such great deals at first and there really is no difference between the two. So 68,080 for a 2010 or 58-60K for an 09. Many would still like to save 8-10K off MSRP.
MB also has to consider what they are doing to the resale values of the 09's if they continue to offer these incentives for to long. The last thing they want to do is cheapen the C63. When people go to trade their 09's and find the resale values very low compared to what they paid chances are they wont buy another one.
I spoke to a dealer would who holding out on a sale for a "used" 09 C63. 5K miles and -1 year warranty. He said after the incentive is over the car will be worth more. With the incentive in effect the car is only worth about 48K. After its over about 54K.
We shall see... But now that I got my C63 im hoping it ends. Not because I dont want people to get a good deal, but because I dont want to see the resale value destroyed. If you wanted one at the great price you had 1 month to get it. If you missed it you missed it.
08-04-2009, 01:38 PM
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'09 C63 AMG
It all depends on the sales figures that they get back from the July incentive. If they were low then they might extend it to Aug. They could also INCREASE the rebate.
Anyone would consider a new 09 over a 10 without such a huge rebate. Im sure 2010's wont have such great deals at first and there really is no difference between the two. So 68,080 for a 2010 or 58-60K for an 09. Many would still like to save 8-10K off MSRP.
MB also has to consider what they are doing to the resale values of the 09's if they continue to offer these incentives for to long. The last thing they want to do is cheapen the C63. When people go to trade their 09's and find the resale values very low compared to what they paid chances are they wont buy another one.
I spoke to a dealer would who holding out on a sale for a "used" 09 C63. 5K miles and -1 year warranty. He said after the incentive is over the car will be worth more. With the incentive in effect the car is only worth about 48K. After its over about 54K.
We shall see... But now that I got my C63 im hoping it ends. Not because I dont want people to get a good deal, but because I dont want to see the resale value destroyed. If you wanted one at the great price you had 1 month to get it. If you missed it you missed it.
Anyone would consider a new 09 over a 10 without such a huge rebate. Im sure 2010's wont have such great deals at first and there really is no difference between the two. So 68,080 for a 2010 or 58-60K for an 09. Many would still like to save 8-10K off MSRP.
MB also has to consider what they are doing to the resale values of the 09's if they continue to offer these incentives for to long. The last thing they want to do is cheapen the C63. When people go to trade their 09's and find the resale values very low compared to what they paid chances are they wont buy another one.
I spoke to a dealer would who holding out on a sale for a "used" 09 C63. 5K miles and -1 year warranty. He said after the incentive is over the car will be worth more. With the incentive in effect the car is only worth about 48K. After its over about 54K.
We shall see... But now that I got my C63 im hoping it ends. Not because I dont want people to get a good deal, but because I dont want to see the resale value destroyed. If you wanted one at the great price you had 1 month to get it. If you missed it you missed it.
This is/was a big problem for dealers who took in low-mi. '08/'09 C63 AMG's on trade...they couldn't sell them for more than what they paid.
But, this was of course great for the consumer...it just didn't make sense for me to buy a "used" '09 C63 AMG (even if it only had 3-5k mi.) for $52-$54k if I could get a brand new one for $55k. 
I suspect that if the $7.5k MB rebate is truly over, then the used ones will be selling once again for > $53k and then the '10's will be out in Sept., so this could start all over again in the Summer, 2010.
08-06-2009, 03:04 PM
#20
Haven't heard anything about people getting good deals in August, so I am guessing the dealer money did to away. If anyone is still seeing the $11K to $14K discounts off of MSRP, please speak up.
08-06-2009, 04:21 PM
#22
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Good points. I was originally looking at slightly used, low-mi. '09 C63's going for ~ $50k-$60k, but after my $53k offer for a used '09 C63 AMG was rejected by a local dealer, I began my search on a brand new, '09 C63 and found out about this $7.5k MB mfgr-dealer rebate, and the rest is history.
08-07-2009, 10:51 AM
#24
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E63
Yes, it is extended until the end of August and maybe beyond. Dealers with leftover cars may mark them as 'sold' in the system, so they can still get the $7500 and apply it to a later sale. Anyone who thinks that the remaining 09s will go up in price after august is fooling themselves. Now if they can just bring back the 1.9%....
08-07-2009, 11:30 AM
#25
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Yes, it is extended until the end of August and maybe beyond. Dealers with leftover cars may mark them as 'sold' in the system, so they can still get the $7500 and apply it to a later sale. Anyone who thinks that the remaining 09s will go up in price after august is fooling themselves. Now if they can just bring back the 1.9%....
I agree. Chances are all available C63's will be sold at discount. Lets hope that there aren’t many left.
Even though I did benefit from this discount I have to say it’s a stupid move by MB to discount these cars for a long period of time.
They say the only thing faster than an AMG is its depreciation. Couple that with 10-15K off MSRP and you are looking at 2009's selling next year with 10K miles on them for 35K. If these sales linger for to long that’s the reality.
