Purchase vs Leasing a C63s Cabriolet
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Senior Member
Joined: May 2015
Posts: 342
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From: Florida
GLE400, 2017 Porsche 911S
Purchase vs Leasing a C63s Cabriolet
As I wait the arrival of my C63s, my intentions are to purchase the car instead of leasing. Between the money factors and residuals that MB financial puts on this model, purchasing seems like the way to go. If I work the numbers, the retail on my car is 99,000 with destination charges, minus $7,000 discount. To lease this car with just giving inceptions, I would probably be looking at a lease of around $1,500/month for 36 months and 7,500 miles per year. Total out of pocket for 36 months is around $56,000, including inception costs.
Purchasing the car would be around $35,00-40,000. This is based on prices I see on CARS.COM for similar models and milage minus 10%, plus interest on a 3 or 4 year note of $45,000. Obviously these numbers are estimated. No telling what happens with a Carfax hit.
I assume most forum members are purchasing their C63's. Anyone out there lease these cars?
Purchasing the car would be around $35,00-40,000. This is based on prices I see on CARS.COM for similar models and milage minus 10%, plus interest on a 3 or 4 year note of $45,000. Obviously these numbers are estimated. No telling what happens with a Carfax hit.
I assume most forum members are purchasing their C63's. Anyone out there lease these cars?
Member
Joined: Nov 2001
Posts: 222
Likes: 35
From: DFW
W205 AMG
I leased my vehicle back at the end of March last year. It was a left over '19 the stealer had sitting on their lot and March was suppose to be the last moth MBFS was going to provide leasing programs for '19's.
I typically like leasing as don't like owning these vehicles once the warranty expires. With this in mind, leasing can be attractive depending on the MF and residuals. Unfortunately unlike BMW, MBFS does not typically have good leasing programs on AMG vehicles with hand build engines like the C63/C63s (low residuals & high MF's).
I was fortunate enough to capitalize on a special that MBFS was offering on C63's. They had an incentivized MF (not the usual std. rate) and I was able to get a significant discount which made leasing make sense.
I typically like leasing as don't like owning these vehicles once the warranty expires. With this in mind, leasing can be attractive depending on the MF and residuals. Unfortunately unlike BMW, MBFS does not typically have good leasing programs on AMG vehicles with hand build engines like the C63/C63s (low residuals & high MF's).
I was fortunate enough to capitalize on a special that MBFS was offering on C63's. They had an incentivized MF (not the usual std. rate) and I was able to get a significant discount which made leasing make sense.
Junior Member
Joined: Aug 2020
Posts: 46
Likes: 7
From: Dallas, TX
'18 AMG C63S coupe
A used car is usually the best choice when it comes to cost-effective.
Like what you said, the total cost of just owning the car alone for 36 month through leasing is around $56000.
With a used car, a good-conditioned with-warranty C63 cab should be at least in the $50000 ~ $65000 price range, you might be able to find some lower than $50000 but mostly with structure damages. Buying a $65000 one, owning one for 3 years then sell it for let's say as low as $35000, your total cost for just owning one is around $30000. Buying a used car can easily cost less than leasing, considering MB's bad leasing numbers.
However, there are few occasions that leasing could be a better choice. If you were to buy a 2020 M4CS, you could usually get lease deal as low as $720/month w/o tax, which is almost half of C63 lease costs. A 3 year sum of only $25920 pre-tax through leasing.
So the take-away is that, buying a used car is almost always more cost-effective for AMG cars, but you have to go through the hassle of Carfax or even fly across the country to find a good one. Leasing is more brainless but expensive, but if you make half a million a year or you just won the lottery, why not?
Like what you said, the total cost of just owning the car alone for 36 month through leasing is around $56000.
With a used car, a good-conditioned with-warranty C63 cab should be at least in the $50000 ~ $65000 price range, you might be able to find some lower than $50000 but mostly with structure damages. Buying a $65000 one, owning one for 3 years then sell it for let's say as low as $35000, your total cost for just owning one is around $30000. Buying a used car can easily cost less than leasing, considering MB's bad leasing numbers.
However, there are few occasions that leasing could be a better choice. If you were to buy a 2020 M4CS, you could usually get lease deal as low as $720/month w/o tax, which is almost half of C63 lease costs. A 3 year sum of only $25920 pre-tax through leasing.
So the take-away is that, buying a used car is almost always more cost-effective for AMG cars, but you have to go through the hassle of Carfax or even fly across the country to find a good one. Leasing is more brainless but expensive, but if you make half a million a year or you just won the lottery, why not?
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MBWorld Fanatic!
Joined: Oct 2018
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From: Washington DC
No more MB:(
AMG leases are usually pretty poor propositions unless you re running them through a business. Although still expensive, purchasing is usually the better bet. Kind of which hurts "less".
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Senior Member
Joined: Jul 2020
Posts: 429
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2021 AMG C63 Coupe
No right or wrong.
if you are **** about value and depreciation then you will stress and not enjoy the Car.
if you are **** about value and depreciation and your disposable income is above 80% then the stress is less and the enjoyment is more
if you are an enthusiasts and have already pass the phase of understanding a car is not stock or a house or Art then you understand a dollar will be lost.
again to many variables its an individual thing , my purchase is not like yours.
only thing we have in common is the Smile it brings and sitting on this message board.
if you are **** about value and depreciation then you will stress and not enjoy the Car.
if you are **** about value and depreciation and your disposable income is above 80% then the stress is less and the enjoyment is more
if you are an enthusiasts and have already pass the phase of understanding a car is not stock or a house or Art then you understand a dollar will be lost.
again to many variables its an individual thing , my purchase is not like yours.
only thing we have in common is the Smile it brings and sitting on this message board.
