Tjdehya

haha, I Know the feeling. I feel the same way when I buy a new E. (Only about $30k-40k +Trade though, not in your guys league yet)

But it just doesn't make sense to my barin to dump $1k+ Out of my checking every month for a car that is not mine.... It just doesn't feel right.

schuk

...good for you! However, if you can`t use extra money to grow your business - you are just not operating at your full potential. In my case I always look for ways to grow and expand. If someone wants to borrow me money - I`ll take it and pay back a fraction of my profit for interest.

schuk

Kratos, it DOESN`T make any sense! Ask any car salesman and he will tell you: buying a car is the worst investment ever. Dumping $120K on something that will turn into $50K in a couple of years makes you not really a wise person from a business prospective.

schuk

CUSTOMER DISCLOSURE


Sale Vehicle: New 2013 MERCEDES BENZ S CLASS S550V 4dr Sdn S550 w/AC , Automatic , Odom: 0

Payment Details
Term 24
Base Payment 899.00
Total Payment 899.00
Purchase Option 67,283.50
MSRP 95,905.00
Est. Miles Per Year 10,000
Disposition Fee 595.00
Excess Mileage Charge 0.25



Amount Due at Signing
1st Month Payment 899.00
Acquisition Fee 795.00
Cap Reduction (Cash) 500.00
Total Inception Fees 2,194.00

Total Cash Required on Delivery 2,194.00

LETO

When will you understand that you cannot compare a 2013 S Class to a 2014 Model?

schuk

Ahh, I wasn`t talking to you but you should read threads more carefully. I was responding to another member who implicated that you cannot lease S class at 120K for $1300/mo unless you pay 20K down.

LETO

I always read carefully which is why my responses make sense

This being a W222 forum, I assume the statement was made regarding a W222. Simple logic taken into account and all

Kratos-TM

Since we've ruled out leasing right now, let's talk about financing rates.... what percentage rates have been giving to those who've financed? I have an 800 score, so I want 2%, but MBF may try to hike the rates on the hype....

SB_NYC

2.49%, BofA, 60 months

Kratos-TM

Thanks. I think this will be my target. Max 2.99, but definitely nothing in the 3's...

zakato

One wouldn't....unless one is able to deduct the lease payment of the car as a business expense. I've crunched the numbers, and things, at this point and time point to financing the loan versus leasing. I'm sure once the new S Class rates get better, it will tip in favor of leasing.

RZ

Joecam

I have been watching this thread thinking of what to do. I have a 2012 S550 4Matic with 10k miles on it and my lease just ended. I ordered the new 2014 S550 4Matic ($118,075 sticker) and just extended my lease ( at $1,185). I was thinking of buying the new one, however the day I extended my lease and paid my $1,185 for another month, some idiot 18 year old texting in the rain plowed into the back of me when I was stopped in traffic. I need a new bumper at least and who knows what else, while his car is totaled. If I owned it that little ****er would have knocked 20% off the value for the accident that will hit the carfax. At least now, I fix it and give it back. I am thinking the risk for accident depreciation is not worth it?

skrontz

Your insurance would cover the loss of resale value in that case, but I agree that it is lot easier emotionally when it is a lease.

emilner

Sorry to hear! Ironically I just had the exact same thing. I was in the process of getting either a new 7 for a year until the S rates dropped or just getting an S. That was until the day before thanksgiving when a girl texting rear ended me at 40 without ever hitting the brakes. I was stopped, for a while too. Now I have to figure out what I'm going to do- but thank goodness I don't have to worry about what car fax has to say. For that reason alone I will not purchase another car- it's leasing for me here in (and yes, I will only do it when the deal makes sense).

Dema

ironically I was trying to get funding for patching phones preventing any texting at speed over 15mph GPS confirmed, but alas people still prefer be rear ended than invest to stop it.

skrontz

How would you tell apart the driver and passengers? How would you figure out that the person is in a car?

Kratos-TM

These rear end situations do put into perspective another value to leasing. If the rates were better, I probably would have tried to lease an S for the first time.

emilner

Yeah, I don't want the risk of ownership anymore.

And they very much put things in perspective. If my 9 month old daughter had been in her rear facing car seat in the car with me, she would have snapped her neck. Haven't had a decent nights sleep since...

Dema

There is a good solution which can be a patent subject so I do not want to disclose it here. Regarding person in a car, more likely you can't run 15mph and do texting. If you ride a bicycle and moving faster than 15mph it can be dangerous as well for texting. So far I didn't see any bicyclist doing texting. Did you? For speeds over 200mph, like being in a plane, the system will allow texting.

TomS

From the discussion, I'm guessing this list is not exactly the "keep a car for 10 years crowd" Maybe that is a reflection of past Mercedes long-term quality issues. As I'm just now getting rid of my LS400 with 186000 miles, I tend to be in the long-term camp. Certainly, if you are a long-term type owner then buying is the way to go. I had one lease in my lifetime and the fine tooth comb with which the dealer reviewed my car ended up costing me money. We had differing opinions of normal wear-and-tear apparently. They were merciless upon turn-in.

I actually spoke with my State Farm agent about the total value if I drive it off the lot and total the car. Without filing a claim, State Farm Insurance cannot tell me what they would pay me for the car.

In the end, I still believe that unless you drive enough miles for business (75% or more), you will always lose more on a lease than owning the car (let's face it, a car is a depreciating asset so we all lose money but we are willing to trade that for the utility and enjoyment of the car).

The only time leasing absolutely does not make sense to me is if you are leasing the car for the lower payment because you cannot afford the higher payment to buy it. If that is the case, then you are driving the wrong car. That does not apply to the folks on this list buying this car I presume. But maybe that depends if you meet the MBUSA "typical" buyer profile who is a 61 year old married male with an annual household income of $371,000.

After all that, when we purchased my wife's E350 ragtop, the lady in the business office said she did far more leases than purchases so that tells you something about this market anyway.

Tom
99 days to Stuttgart!

emilner

I would think the vast majority of people who lease E/S or 5/7 series do it for convenience. I hate having a car for more than 2 years much less 10. As my wife says- as long as I'm trading cars and not women. It has nothing to do with reliability- I just don't want a hassle every 1-2 years. I've leased at least 20 cars and I held one to its final month. But I put nothing out of pocket, except the first payment or so.

I lease them because I can get out super easy, I have zero resale/car fax risk and much better cash flow. If you are holding for more than 4-5 years then buying certainly makes sense, but if your time is lower then leasing might be the way to go -as long as you can negotiate a good deal. Right now the argument doesn't work for the new S because the numbers are crazy. But I don't want to buy the first year of the car anyway.

Dema

I would suggest let people decide for sake of what they lease car and especially if they drive wrong one as you think until they do not go in your pocket to borrow extra.

emilner

Translation?

Dema

Дайте людям своими мозгами думать

Kratos-TM

Lol....that was funny.