2005 CL65 AMG 2000miles for $80K?
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`07 Jetta/05` X5/`04 E500
Next year they will most likely be in the $60,000's.......talk about a bargain
60grand for a '05 cl65 amg with that much mileage (2k) ? also guys the 65 came down because of the 07 newer models, i saw a cl65 amg brand new for 188grand few months ago.
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06 SL65 / 97 993tt /11 Suburban/ 2012 GTR (AMG è la mia Famiglia la Bestia è la mia protezione)
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From: Jupiter, Florida
2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
I wouldn't say I'm the most knowledgeable person on leasing but after having negotiated a few, I know some things.
Since you want to use exact figures, here's my reply to you.
You used the full price of the car, so I'll do the same. To lease a CL65 at msrp, the payment will be more like $4500 plus tax. That's assuming a residual value of $60,000 or 32% of the original price with $0 down and 36 months. Now the total amount of payments is approx. $162,000.
Even if you finance it, then end up selling in 3 years, you will have made about $130,000 in payments, then have a payoff of $81,000, according to your numbers. Let's say you end up selling the car for $60,000, you are still $21,000 short. Add that to $130,000 and your total cost over the 3 years is $151,000.
That's still lower than what it would've cost you to lease. I'm not taking in to account any business write-offs one may be able to receive from leasing, just strictly giving the numbers. So, I don't perceive leasing to be better for cars of this price.
Since you want to use exact figures, here's my reply to you.
You used the full price of the car, so I'll do the same. To lease a CL65 at msrp, the payment will be more like $4500 plus tax. That's assuming a residual value of $60,000 or 32% of the original price with $0 down and 36 months. Now the total amount of payments is approx. $162,000.
Even if you finance it, then end up selling in 3 years, you will have made about $130,000 in payments, then have a payoff of $81,000, according to your numbers. Let's say you end up selling the car for $60,000, you are still $21,000 short. Add that to $130,000 and your total cost over the 3 years is $151,000.
That's still lower than what it would've cost you to lease. I'm not taking in to account any business write-offs one may be able to receive from leasing, just strictly giving the numbers. So, I don't perceive leasing to be better for cars of this price.
Even at an MSRP sale, No WAY this would have had a $4,500/mo. payment when new.... Check lease trader.com.... There are 2 listed right now in the high $2,000's.... Ok, so maybe they put a couple thousand down... Figure your payment is effected about $30/mo., for every thousand you put down... Even if these guys both put down $10,000 on a lease, their payment would have been about $3,300-$3,400 with $0 down..... Your right, at $4,500, leasing this car would not make much sense.. But at $2,900?? no brainer..
Dont forget the most important thing.... This car has 2,000 miles on it.... Now, the point of leasing is to drive the car, and not have to worry about putting a few miles on it... Can you imagine what this car will be worth with 50k miles, and no factory warranty in 2 more years?? $30's-$40's maybe??
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07 E63 06 CLK55 Cab 03 P-car C4S
CL65 residuals
imo, MB is not losing money regardless of whether they used 50 or 60% residuals. the only difference is whether they make the money in the mfrg division or the finance division. after all, what's the difference between porsche($10k+) and mb offering HUGE incentives to dealers to lower the msrp to move the cars, vs. indirectly via financing that's more difficult to figure out?
btw, i'm not in favor of these financing gimmicks in the back-end. this is like college tuitions where they keep going up 8%/yr the past two decades for all the cash paying people - yet all the people financial aid or grants. so at the end, nobody knows the "real" price of the svcs provided. btw, this applies to our US healthcare system as well for hospitals and hmo's.
btw, i'm not in favor of these financing gimmicks in the back-end. this is like college tuitions where they keep going up 8%/yr the past two decades for all the cash paying people - yet all the people financial aid or grants. so at the end, nobody knows the "real" price of the svcs provided. btw, this applies to our US healthcare system as well for hospitals and hmo's.
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06 CLS55 AMG & 08 CL65 Mystic White
Interesting, TKE was founded after the founding fathers were turning down trying to start a phi delta theta charter. I guess they took the brothers in the bond with them when starting TKE. Anyways, it's been great being Greek for the networking aspect.
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I traded my '97 750iL against my 2003 CL600. The 750iL had depreciated from $105K to $27K, and they made it sound like they were doing me a favor.
While I owned it, the CL600 depreciated from $140K to $60K. So in ten years, that's over $150,000.00 in depreciation.
Drive a Ford Ranger, take 10 high-class trips to Hawaii.
