Question about purchasing vs leasing
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Senior Member
Joined: Apr 2006
Posts: 312
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From: Florida, USA
2017 Rolls Royce Wraith, 1999 CLK Cabriolet, 2023 Genesis G90
Question about purchasing vs leasing
As many of you know, I have ordered a CL 63, which should be in production in August...or so I'm told. I'm looking at a possible late September, early October delivery date, so I'm now thinking about $$$$. I already lease my GL 450 PE, which helps me out every year with good ol' Uncle Sam, but I never keep a car more than 3 or 4 years, so I was contemplating leasing the CL also. Since I can't deduct both leases come tax time, I'd deduct the higher of the two, or simply use a HELOC to buy the CL and trade it (not sell it) in about 3 years. Excluding all the particulars that make everyone's financial situation unique, how much sense does each of these approaches make? I would still be looking at about $2500 a month either way, so monthly payments aren't the deciding factor. Any thoughts?
MBWorld Fanatic!
Joined: Jan 2003
Posts: 1,764
Likes: 3
From: El Paso, TX
'03 G500, '13 G63, '17 GLS63,
As many of you know, I have ordered a CL 63, which should be in production in August...or so I'm told. I'm looking at a possible late September, early October delivery date, so I'm now thinking about $$$$. I already lease my GL 450 PE, which helps me out every year with good ol' Uncle Sam, but I never keep a car more than 3 or 4 years, so I was contemplating leasing the CL also. Since I can't deduct both leases come tax time, I'd deduct the higher of the two, or simply use a HELOC to buy the CL and trade it (not sell it) in about 3 years. Excluding all the particulars that make everyone's financial situation unique, how much sense does each of these approaches make? I would still be looking at about $2500 a month either way, so monthly payments aren't the deciding factor. Any thoughts?
Personally, I would lease it. AMG's don't have the prestige they used to. Come resale time, its just another USED Benz.
