Did I pay too much? E400
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Joined: Dec 2011
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Did I pay too much? E400
WEll, I was off to MB to see if I can strike a deal. 6 hours later, I'm driving off in a Wht/Blk, Pano, Full LED, $69,950 with Additional options. Paid $59k financed. 2k down, $1287 per month.
So, I'm talking to a friend and he says I paid too much that many Merc dealers are trying to offload inventory. He says there will be an imminent crash and a glut of Leased vehicles will be returned and residuals will be so very low. Too many cars in the market right now, especially Merc's...?
So, know I'm scratching my head thinking that the Great deal I thought I made wasn't that great....?
So, I'm talking to a friend and he says I paid too much that many Merc dealers are trying to offload inventory. He says there will be an imminent crash and a glut of Leased vehicles will be returned and residuals will be so very low. Too many cars in the market right now, especially Merc's...?
So, know I'm scratching my head thinking that the Great deal I thought I made wasn't that great....?
Last edited by From M to AMG; Feb 24, 2016 at 10:59 PM.
Junior Member
Joined: Dec 2010
Posts: 57
Likes: 10
From: Chattanooga, TN
Currently shopping
Pretty car. As long as the deal is good for you, its a good deal. Unless the buddy called $28/bbl oil and the housing crash (that would be before not after)
...I'd take his prognostications with a grain of salt. He may be right...may not. Somebody is always going to make a better deal, but somebody is always going to do worse. Enjoy the new car and soak it in.
...I'd take his prognostications with a grain of salt. He may be right...may not. Somebody is always going to make a better deal, but somebody is always going to do worse. Enjoy the new car and soak it in.
Super Member
Joined: Sep 2015
Posts: 725
Likes: 189
From: Chicago area
2015 E400 and 2015 GLK350
I have to agree with JediJD - if the deal feels right to you, it is right. I got a similar deal on my E400 last August, but that was partly because I played the old game called "Two cars/no cars" with the dealer. IF they would meet my prices on two cars, I would buy both. If they missed on one, I bought neither. Works for me.
Another thing to consider is that these cars (E400) are nowhere near as common as the E350 variants, so there may be less price elasticity until the very end when the lot is full of 2017 W213's and they still have a couple of the less desirable versions of the 2016's. We may see deeper discounting then, but I don't think we'll see big discounts until then.
Of course, if the whole economy crashes, all bets are off.
I say, just enjoy the new car now. Revel in the agony of break-in, for you shall not know what you have until after that time. . . and then LOOK OUT!
Gonzo says "Wheeee!"
Another thing to consider is that these cars (E400) are nowhere near as common as the E350 variants, so there may be less price elasticity until the very end when the lot is full of 2017 W213's and they still have a couple of the less desirable versions of the 2016's. We may see deeper discounting then, but I don't think we'll see big discounts until then.
Of course, if the whole economy crashes, all bets are off.
I say, just enjoy the new car now. Revel in the agony of break-in, for you shall not know what you have until after that time. . . and then LOOK OUT!
Gonzo says "Wheeee!"
Member
Joined: May 2009
Posts: 161
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From: Houston, Texas
2012 & 2014 E350 Sports, 2017 E43
Nice car.... there always be another good deal somewhere if you keep looking but it was a great deal that day otherwise you would have not bought it. Enjoy your ride....
Senior Member
Joined: Mar 2015
Posts: 489
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2010 E550 4MATIC RENNtech Tune
I wouldn't worry about it. These cars depreciate like nobody's business is what I have learned since owning a Benz. The next guy will buy the same exact car for much less a few months from now, so don't sweat it and enjoy that beauty!
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Joined: Jan 2015
Posts: 85
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2019 Mercedes-Benz GLS
Congratulations on your new car. Just enjoy it!
Unless you analyze different lease options with a combination of price, interest rates, residual values, mileage allowance, purchase price, etc. it is not possible for your friend to make a blind statement like that. I just think he is jealous.
If you were at the dealer for six hours, there must have been some serious number crunching happening - in which case you got the best deal for you.
Unless you analyze different lease options with a combination of price, interest rates, residual values, mileage allowance, purchase price, etc. it is not possible for your friend to make a blind statement like that. I just think he is jealous.
If you were at the dealer for six hours, there must have been some serious number crunching happening - in which case you got the best deal for you.
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Well I think you guys are correct about enjoying it and not worrying. It is a great car and I hear reliability is up. I actually financed instead of lease because I felt that this may be a car o can keep for like 7 to 10 years. I also got the warranty for 7 years for 3900.
Thanks for the responses!
Thanks for the responses!
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Senior Member
Joined: Mar 2015
Posts: 489
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2010 E550 4MATIC RENNtech Tune
Well I think you guys are correct about enjoying it and not worrying. It is a great car and I hear reliability is up. I actually financed instead of lease because I felt that this may be a car o can keep for like 7 to 10 years. I also got the warranty for 7 years for 3900.
Thanks for the responses!
Thanks for the responses!
Super Member
Joined: Nov 2013
Posts: 991
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From: Washington DC area
Mine: 2014 E550 4matic; Hers: 2016 CLS 400 4matic
Congrats on the new car. I think that the price is pretty good - as long as you are happy that is what matters. Also, since the W213 will be 4 cylinder only until they release the V6 model I think there will be not much price elasticity - as it gets closer to the end of the W212 people wanting a powerful engine will be looking for the E400.
