Clk Owners Please Reply
Member
Joined: Nov 2001
Posts: 116
Likes: 0
From: Dallas
CLK55
2001 CLK55 - every available option
paid sticker - had a deposit on a 430 then flipped it to a CLK55 when Autoweek said MB *Might* bring it over - Jan 01 delivery - waited two years....
...and I'm a poor working fool with 3+ years left to pay
...and I'm a poor working fool with 3+ years left to pay
Super Member
Joined: Feb 2002
Posts: 515
Likes: 0
From: Tampa, Fl
CLK55 and Yukon Denali
This is the first vehicle I have financed and it worked out VERY well. I have a 2002 Clk430- silver/blk, every option but sport seats and phone. (Yes, I have Navi) I am a business owner and I told my banker I was going to lease a car as to not worry about a 5 yr depreciation schedule as I had done in the past.
He suggested an interest only loan. I did 5yrs @ a purchase price of 54,500- nothing down- I had a trade and I pulled all of my equity out of it- and my payments are about $456/mos. This way I can easily deduct my full payment and right it off through my biz. Now at trade (Hopefully end of July early May/1st clk500 in Tampa), I will owe or be upside down to the tune of 4-5k. It is a great way to buy cars if you replace them frequently. And you hang on to you cas as long as possible.
If you have any questions email me. The bank that took care of this was First Union- there aren't many banks out there that will do a full interest only on a car.
He suggested an interest only loan. I did 5yrs @ a purchase price of 54,500- nothing down- I had a trade and I pulled all of my equity out of it- and my payments are about $456/mos. This way I can easily deduct my full payment and right it off through my biz. Now at trade (Hopefully end of July early May/1st clk500 in Tampa), I will owe or be upside down to the tune of 4-5k. It is a great way to buy cars if you replace them frequently. And you hang on to you cas as long as possible.
If you have any questions email me. The bank that took care of this was First Union- there aren't many banks out there that will do a full interest only on a car.
