I have no car payments.

But I do have a massive mortgage.

 

I feel you haha.

Are you in the Bay Area?

 

Oops, I don't own this particular AMG model.

"Near death" for 40+? It should be more like "over the hill."

 

I am 22, I don't have the C63, but I have a pretty loaded C43.

I am a Fuel Handling Engineer at Bruce Power (It's a nuclear powerplant). Probably not the best decision at my age. But like they say, you can't race a house, but you can sleep in a car.

 

Just turned 70 and this is my fifth AMG in a row. Clk55, SL55, E55, E63 and now the C63S coupe. My faves were the supercharged 55's. nothing beats a supercharger for instant throttle response and drivability. The turbos on the 63 are the best I've ever driven but the're is still a noticeable lag compared to a blower. That said the C63 is a hell of a fun car to drive. At 2.0% or less who would ever pay cash? Kids.

 

Are there still rate of 2% or less nowadays? That's what I have on my car when I refinanced it in early 2013, but I just don't see it anymore.

 

Controversial topic here! LOL

 

I'm truly jealous of the 10 people who are under 21 and already own this car. I wish I had this nice car at that age when I was still single, in better shape, and better looking.

 

25 and just picked up a new 2016 C63S Sedan last month

Traded in my BMW M235i towards it and own it outright since that seems to be a relevant musing for this thread.

 

Got 2.15% on mine. These kiddos don't understand wealth management or investment at their age. But at the same time, almost certainly, it's probably not their own money to spend in the first place haha... and they also still have earning potential.

 

I earned mine. I just turned 22.

 

1.74% for 63 months as long as you put down 20% of the value.

 

Absolutely Correct

Do the Math, owning outright is just not the best use of your money

 

Yes. Most at that age don't think much about that. I didn't get into my first nice car until late 30's. BTW, where did you get that rate from? What % did you have to put down?

Wow. Where did you get that rate from? I have been looking into this recently on a upcoming purchase (not a MB) and the only rate so far is 3.99% from the dealership when I put more than 20%. Of course, I still haven't given the okay to a loan broker (Blue Harbor) on start doing hard inquiry with my SSN to see other offerings out there.

Indeed, you can get more out of your money by investing somewhere else.

 

Notice the difference between forums: https://rennlist.com/forums/general-...a-turbo-s.html

I need to get on that level.

 

I agree that buying it NEW outright at 22 would be stupid as I would take a massive hit on depreciation.

I bought it used, nearly 15K off sticker less than 6months old.

With this good of a deal, i couldn't pass it up. Could have easily got a loan with small interest but the deal made sense when I worked out the numbers.

I just think its funny that people always assume that someone's parents paid for the car just because they are young. This is a different day and age.

 

That's a very good link. I have just read the first page and it has a lot of good advices. Definitely worthwhile to read the other 3 pages...which is what I'll do later.

A well maintained used car is definitely the way to go. Let the loaded folks take the hit on depreciation.

 

31 here. No financing or leasing.

People insisting that your 80-90 grand is better kept in the market as an investment, your return will be anything but negligible when you're already paying 2-4% interest each year for half a decade (or whatever the terms of your financing are).

Obviously, if a C63S is making up the bulk of your entire net worth, you shouldn't be financing or leasing this car in the first place... and your money will always be better off invested.

 

Agreed. Im young, had some money and realized its better to have the fun sooner than later and regret it. Been smiling everyday since i got the car and couldn't be happier. Plan on driving it till the full model replacement in 3-5 years i assume.