icecube7

Hi guys,

I'm trying to buy c63amg within a week. I contacted a dealer here at New Jersey, Bergen county; the MSRP he gave me is $68000 with options including:

P2, AMG leather package, multimedia package.

The car is 2010. I tried to buy 2011, but he told me the 2011 is not available yet. Considering the car 2010, I asked him for discount and he offered me $700 discounts and free 3-year maintenance.

I'm trying to lease the car, and I don't this this is a good deal as it is 2010!!!! How is this dealer? is he trying to ripp me off?
I checked edmunds, and people are paying about $59000 for the same option. This number seems like Fxxkxxx crazy. Is it true that 2011 C63amg is not available yet? and would I be stupid to buy 2010 for that price?
Thanks in advance!

PetroC63

Too much money.

What dealer? My brother works for Benzel Busch in Englewood.

Xander Crews

Check this thread out. Yes...that price is steep.

https://mbworld.org/forums/c63-amg-w...09-2010-a.html

icecube7

He works at Benzel Busch lol....
what would be the reasonable price for this car?

I'm trying to lease with 20k down, 36 months, and 12000 mi. Also, is it true that 2011 is not available yet?

please help!

propain

20K down lease... what a horrible waste of money.

harrower

2011 are not available yet. You can buy and have a build slot for 2011, but all inventory on the lots will be 2010.

icecube7

I don't really have a great knowledge about the lease since I haven't done this before. Is it bad to down 20k? I just don't want to pay too much monthly, so I figured 20k down will cut that monthly price. If I down less, then I will pay more money monthly, and if I down more, I will pay less monthly. Am I thinking something wrong?...

Xander Crews

You'll cut the monthly down, but you'll be blowing $20k that you could otherwise be investing in a non-depreciating asset that you'll be turning in three years from now anyways.

PetroC63

I think there is still a 5K incentive for AMG vehicles this month.
Last month it was 10K.

Also, the dealer has about 7K wiggle room on the car regardless
of the incentive.

Honestly, as others have said 20K down is a waste of money.

propain

Interest rates are so low that you can put 20K on a 55K buy and finance 35K over 60 months and pay very little. You also will get that 20K back when you sell the car.

If you put 20K on a lease kiss the money goodbye unless you buy the car at the end of the lease.

Do not lease this car. Take the 20K and put it down on a finance. Go 72 months if you need to keep the payments lower.

Edit: also think of it this way. How long will that 20K spread out in payments? Lets say the 20K down..

55K over 72 months is $860 a month.
34K over 72 months is $547 a month.

$20,000 divided into 72 months is 277 a month.

$547+$277= $824

Id rather pay $300 more a month and see the 20k sitting in my bank account and use it if I need it rather than dump it all into a car that I must sell to get it back.

icecube7

Thank you for so many opinions!
To sum up, 20k is waste of money as I can invest about 10k at some place else. Ok, got it. Then, how much discount is reasonable? i just called another dealer and he said no discount what so ever.
what would be the resonable price to make the deal?

Yuille36

The dealers are offering great discounts. Right now is the time to buy. There are deals to be had out there as the 2011 are arriving soon, the dealerships want to move inventory. I would try another dealer that is willing to work with you. I got my 2010 obsidian Black C63 in Sahara Biege with P2, keyless go, AMG Leather, and MM Package for $57500, that included a $12500 discount at Euromotorcars of Bethesda. Good luck

PetroC63

+1

Financing is the way to go.

PetroC63

PM sent.

propain

Depends on where you from I guess...

You will get nowhere on the phone unless you tell them what you want to pay.

Go to the dealership and look the guy in the face and say "I want that car and ill give you 55K right now" If he says "No" ask to see the manager because the sales person doesn't have the final say.

If they still say no ask them to counter. If they give you MSRP or close to it.. fist you laugh at them.. then you tell them you know what they are selling for.. If they still insist tell them good luck selling and leave.

Sheep

Very true, and DO NOT GET CON!! If you are not getting at least 11k of than somethings wrong. That 2010 AMG listed above is a good deal . If you go on cars.com, there are 3 2011 C63 AMG in country, but all of them are north of 80k!

Sheep

icecube7

55k? Isn't it for buying the car? If I want to lease the car, could I also ask for the discount?

icecube7

why do you think that's a good deal? Everyone is saying the 2010 i listed above is expensive...(I'm leasing, not buying...maybe this is why?)

Sheep

Yes I know leasing is different but $700 off is not a good deal... Just ask around. Good luck.

Sheep

Cartman

why not buy for 20k down? i am new to car buying as i am looking into buy soon, early 2011. and 68k is too much to spend, that should be the price of the 2011 c63. contact 2-3 other dealers and get a quote, then go back to this stealership and tell the stealer that if he wants to get rid of old inventory before the 2011's, he should match or beat the other dealership quotes

clkwork

I don't see the problem with putting money down on a lease. You would be even worse off if your invested it and lost money.

BTW... if you put that 20k on my black series lease your payments would only be 1k/month... and you would be in a CLK black

Pertplus

I would respectfully disagree (obviously depending on your situation and how long you like to keep cars), but for me, I only pay a little more than what you listed for the $55k price/72mos and mine's a lease and I only put about $2500 down. Now, granted, I didnt negotiate that much off my car because they bought my modded E55 for around $20k more than any other dealer offered and probably close to the best price I was going to get from a private sale.

So for me, I can turn this car back in with no worries at the end of the lease term, pay not that much more had I financed it. At the end of the day, as people here have noted, its a depreciating asset (and with AMGs one that depreciates at a hefty pace) so either way, you're not making money on the car.

This site has definitely given me some new perspectives on how to negotiate the next time I get a car (a situation that wont require me to try to sell my old car as part of the deal)

Sheep

The problem with a large down for leases is that it only make sense IF you do buy it at the end of the lease, otherwise it just doesn't make sense because none of that goes to the principle of the car. And this is why buying will make more sense. Think about it, let say your lease goes up by $200 a month on a 36 month lease with out that large down payment, than $200 x 36 is still only $7200 vs. $20000 that you will never see again!

Sheep

clkwork

Wow, that's not how a lease works at all. A lease is simply financed depreciation. Any down payment you make goes toward the "principle" just like a down payment on a finance deal - the difference is that you are only paying the depreciation instead of the entire cost of the vehicle. In the same way you can pay cash for a lease by paying the difference in negotiated and depreciated value up front.

propain

This is true. You also only pay tax on the depreciated value. Two big pluses.

The downside is AMG's depreciate like crazy so your payment will be high anyway. 54% I think. Also there is a big difference putting $2500 down and $20,000 down.