Wow

I was planning of buying a used 07 S550, but since there are dealers who are willing to give up to 12% of the MSRP, then why not buying a brand new 2008!!!!!!!!!!!!!!

I believe it is an investment, not an extra expense at all

 

I just went to a dealer that another board member recommended as one that was motivated to deal. Wasn't as successful as I hoped but I believe it's because they didn't have the car that I wanted nor could he find it on the boat. I offered msrp - 8.6% on a ~112k car but was rejected.
Thats less than 10k off of a 112k car. People have reported more than 10k off of cars of less than 100k msrp.

 

Try calling/emailing every dealer within a reasonable (to you) distance....maybe you'll uncover cars that are in stock that appeal to you, where you'll be able to strike a good deal.

 

100k car is not for everyone. if u r haggling over 2 or 3 percent. its out of your league. like they say if you must ask how much, u probably cant afford it. iam sorry if i sound blunt but that the way it works. i know i have been there myself few years back....

 

r u for real . car an investment

 

Maybe true of some people, but not all. Some people really CAN afford alot of car, or house, or whatever, but enjoy getting a good "deal", even if it involves some extra legwork. Or just don't like the idea of paying more than they could have.

 

as tough as your being on the dealerships you better not whimper when you trade out of it in a few years.you are worried about 3-7K on a 100K luxury item.just step up and get it,MB owners arent rated on what they paid for the vehicle.the fact that you can "toss cash" on a car is somthing to be proud of.leave a little somthing for the dealer to remember you by,trust me your gonna need him to keep the vehicle maintained.ALSO get ready to short the markets,there is no recession in commodity's.Life is good!

 

if you search hard, you can get one for below invoice. not just a MB, but jsut about any car except for a very few exceptions.

of course all this is just great news for those who own these already.. wholesale prices are getting killed.. i mean bigtime..

 

Yup, also resale/trade in's are getting CRUSHED! My buddy wants to trade in he's 07 s550 which is pretty loaded with 11k miles. Dealer will only give him 44k ! Lost more than half its value in a year!

 

Where does he live? Possibly I'd be interested at 46k!

 

This is precisely why you won't see me getting a new car anytime soon. The stealerships are truly shooting themselves in the foot when they undermine the customer like this.
You know good and well they will turn around and put that car back on the lot for $69000 and make $25K on another person.

When I've been quoted these cut throat prices at the trading table, I walk away but first I tell them that it's not that I can't afford their car, it's that they can't afford mine!!!

 

One more thing.
I think what they do at stealerships is they ask the banks just how far can they over-finance the new car you're wanting (usually as much as 120% of the MSRP) and that is how much they depreciate the value of the car you're trading in. That way they make a wheelbarrel full of money off of your trade.
A savvy F&I guy can finance a $100K S550 for as high as $125K. Hence, your trade in value will drop by an amount close to the amount they just jacked up the new car price.

Then they take your car and trade it to another stealership who will put it back on the lot for an amount close to 15% above what you traded it off for.
That way you won't come back mad as you see how much you just lost.

 

He's not the kind thats going to show he's car.Just wants to drop it off at the dealer.

 

wow - this thread is getting good...

First we have some guy saying that a car is an investment, then we have a onother saying that if you must haggle for 2-3% that you can't afford a car of this caliber..... then trumpet1 chimes in with his dealership love tunes....

Nice...

 

Gellie, I sent you a PM.

 

There is something totaly wrong w/those $46k. trade-in #s. Either Gellie's friend is misquoting or dealer is a thief (stealer). Or the guy is desperate (divorce process or something like that). There is always an option of simply walking away. Remember that dealer throwing in silly #s is risking a lot (%/wise). How many instances that the bait will take vs. discusted customer never coming back. Economy is not that bad, despite what Goebbels's press is telling us.
I'll give you first hand example (mine).
I'm thinking right now to upgrade from 2008 CL550 to CL600. First dealer I went to gave me $92. (+- 3k) for CL500 $111k. I paid 4 mo. ago. No negotiations yet. Ebay would be more I'm sure, but I know that he is paing all expences too, so I might stay with him. I understand also, that CL is bit more rare than S.
So piece of advice, everybody knows, not everybody remembers - dealer HAS to sell. You, don't have to buy, at least not from him.

BTW, question to Rajwany550S -> why would you spend somebody else's money: quote... "if u r haggling over 2 or 3 percent. its out of your league. like they say if you must ask how much, u probably cant afford it". I hope you are NOT his financial advisor. I would fire you on the spot.

 

LOL. This thread is quite funny, sad, hysterical, and educational all wrapped in one.


As far as an investment, monetarily most cars can never be considered a good investment but when you factor in pride of ownership, care of the vehicle, personal mods, great interaction with other car owners,and other non-monetary things, I find it quite a good investment. I've met so many life-long friends through car ownership.

It's a better investment than some other vices I could think of.

 

Agreed, something is way off with that price.

 

Well said - that is a wonderfully true commentary Trumpet!

Chris

 

If you trade in you wont get the most discount possible so you are really getting less for your trade then you think. Your car's value is dropping fast due to the market- I would sell ASAP.

 

Need to also value opportunity cost of one's time in searching/negotiating/diligencing a new car and trading-in prior car....and value of better customer svc poss (esp w/warranty or lemon law issues) at a well-run dealer that seeks to maintain/build repeat buyer base of profitable customers....

Common-sense....a price-shopping buyer often "self-selects" a dealer that offers lowest nominal price sought...and often obtains a commensurate level of service....

Interesting that, in any major mkt I know of, only 1-2 dealers really matter; relevant dealers tend to be near affluent corridors; each has a couple of really good salesmen who maintain relationships w/many repeat buyers....and repeat buyers often speak highly of their expces (and refer colleagues/friends, etc) at these dealers, which often don't seek to compete on lowest poss price....yet many of these repeat buyers (esp in NYC and SiliconValley) are fairly astute and accomplished financiers/engineers who have a decent sense of negotiation, profit margins, customer svc, value of time, rounding error, lease arithmetic, etc....hmmm.....

 

Eeee...yup!

 

Anyone have any idea what finance rates through MB financial will be for a S550 4Matic in April. Currently they are running the 3.9% promption which will apparently end at the end of today (march 31, 2008), so what do you guys expect will happen tomorrow? What type of rate do you think MB will be offering in the month of April for an S class...i would imagine it would be the same or lower, considering the .75 cut by the fed...let me know, thanks.

 

Still looking for a car?? There are some KILLER deals if you will take whats in the dealers inventory.As i stated earlier really wanted black but couldnt pass up the deal on the white one.Good luck

 

hey nitromilt...no, actually i stuck with what i ordered but its coming in in a couple weeks...just want to know if i should finance through mb or not...if their rate drops below 3.9, that would be really good...since their promotion ends today, apparently, i was wondering if anyone knew of what mb is planning on doing in april...