e55phil

Dear Friends,

I want to buy a new S class and hold it for the next 30 months until I buy the 223. Is a 10% discount on a $124,000 car a good discount?

thank you

S_W222

I don't think so. Buying any of these facelifted cars for now is not the right decision "financial" assuming your plan is to sell it within 1-2 years or shortly after 223 is going to be released. 10% discount it not bad but keep in mind that there will be another 20% depreciation after the W223 is released and then add to that another 30% depreciation as u'll sell it as a used car later, all comes together would seem to be more than 50% loss in value in less than 20 months. I'd rather go for 2018 model (used) or even 2015-2017 pre-facelift, and wait just 12-15 months to get the W223 with less than $10K loss in value on used 2015-2017 or 2018 S-class if u drive it less than 7-10K miles per year.

e55phil

Thank you for your comments

My current 2015 has 80,000 miles. I don't want to buy the 2 to 3 the first year it comes out and I don't believe that my 2015 will do the job for the next 2 1/2 years. Therefore I plan to move my 2015 to the country where I only drive a thousand miles a year and buy a new car.

I would consider used but I have to have Apple Car play. Also I'm nervous about buying a used car because I don't know what I'm getting.

I know I'm going to lose money on the books.

places

Just do a lease for 36 months.

mrmotoguzzi00

some good suggestions and info guys

S_W222

I see your point. I understand that some people just don't feel comfortable buying used cars depending on how handy they are in terms of fixing simple issues or detecting problems in advance, that's why it costs more to buy one new or one with few miles only although they could be same car. You could still buy used 2017-2018 that is CPO (2nd year year extension is an option two). Last option is to lease for 2 years ($24K loss maybe, still better than buying new and selling it used in 2 years) although am not a fan of lease. My approach has always been to either buy new and keep forever, or buy used with few thousands miles with warranty, but never wanted to buy new or lease, just my personal preference.
Why do you think that your 2015 is not going to do the job for the next 1.5-2 years? Just curious?

e55phil

Thank you, I drive around 18,000 miles per year. That makes a lease less ideal

bkdc

10% is not good enough. The expected residual value after a 3 year lease has dropped significantly due to the new model around the corner. Which oddly has the effect of raising monthly payments on leases. I don’t think I’d buy unless the discount was 12 to 15%. The value is going to drop significantly after the W223 comes out. Or you can definitely wait until the W223 is out and then snap up the steeply discounted W222. I personally would lease and negotiate down the capitalized cost with the rationale that the residual is also low because the new model is around the corner.

If you don’t mind not having the latest technology, a used 2015 to 2017 makes a lot of sense. A low mileage 2015 can be had for 40K-ish if you don’t mind being out of warranty. The cars are highly reliable. CPO 2016 to 2017 will run in 55K+. The bulk of depreciation is done and it’s still a fabulous car.

absent

He mentioned his car had 80k miles already, at that mileage anything can happen and without warranty could be very, very costly.

e55phil

Thank you. I want to have Apple Car play. I think that requires 2018 or newer.

bkdc

Oh I misread that. I would trust that 2015 S550 to take you to 120K miles easily if you have been maintaining it regularly. If it's a 4Matic the issues are engine mount, possible suspension work (airmatic strut, control arm, outer tie rod, sway bar endlink). If it's a RWD, then wear issues are suspension. Much less likely engine mount. I trust the engine and transmission to easily go 200K with regular maintenance. Typical unexpected repairs are not going to cost even close to what you will see with depreciation if you buy a post-facelift car. The only long term question is Magic Body Control if your 2015 S550 has it. It's the only big ticket repair item in which mechanics have very little experience and could potentially be 10-20K in repair outside of a catastrophic engine or transmission failure. Maybe i'm not afraid of repair costs because I get under my car and wrench for most things. I just spent a dozen hours doing a complete suspension overhaul on my wife's BMW and my hands are beat up. And that car is only worth 13K if I try to sell it. But now I expect it to run another 80K miles and drive like new (with the new tight suspension parts) so we will use and abuse it until it dies. I also like Apple Carplay but it's not worth the price of depreciation/upgrade. Financially, waiting for the W223 makes a lot of sense.

places

Not necessarily. If your penalty is only .25 per mile over it may not be that much. Most dealers can negotiate extra mileage, the hit you will take owning over leasing will be far greater.

coolcamden

OP, to answer your direct question, without giving un-asked advice, I think 10% of a new 2020 is a good deal.

Streamliner

If you are buying a car out of a dealer’s inventory, I think you should be able to do a bit better, like 12% to 15%. If ordering a car, perhaps a bit less, depending on your relationship with the dealer.

MichaelinATL

Buying a new S-class is foolish given the rapid depreciation like no other...I would do a 27 to 30 month lease and drive the heck out of it...like a rental car

A lot less stress and money...

e55phil

I am honored tp see a reply from you Streamliner!

FYI I configured the car on mbusa and the 36 month lease cost $1900 a month with 12,000 down. If you do the math MB thinks the car will be worth 38000 in 3 years.

i will spend $80,000 on the car and not own it so leasing may not be best for me

So 10% is not enough of a discount to make me buy. It. May be reasonable but won’t get me to buy

I will keep you posted

places

You should be able to do much better. Those numbers seem pretty high to me, especially with the high down payment. Others should chime in with their lease deals.

e55phil

Hi Friends, I did some investigating and decided that this is the wrong time to buy a car. When I add up either the car payments are the lease payments and and take into account what the 2020 car will be worth in 36 months it's just a bad business decision. I'm going to wait for the 223.

Thank you all for your help.

phil

lsdreem

No that deal sucks. I got 30k off for a ‘19 560 msrp 120k

lsdreem

No that deal sucks. I got 30k off for a ‘19 560 msrp 120k

77Tony

Print this page or show this post on your cell phone and show to your nearby MB dealers. If they don't bite for the 30% off as shown^^shop some more.02 T

MBS63AMG

I've been a long time MB buyer and I guess I am just lucky now but I promise you that you can almost get what you want now for 20% off on these latter months of the current model W222. My MSRP was $125,000 and my lease was based upon a price of $104,000. I did a 36 month lease (they will advance you out of it at around the 32nd month). I pamper the S560 and I rack up my work-horse miles on my 2016 E350 with 4 year unlimited miles. The residual for my S560 is $54500.

What I do after the 36 months is over is an unknown at this time. I really love the W222.

lightninhopkins

Yeah, I was going to say 20% is probably doable for sure. Cool to see you got a 25% deal.

aypues

I would get a CPO’d 2018 or 2019. A huge chunk of depreciation has occurred, would still be under factory warranty until 50k miles, 1 additional year of CPO warranty comes with it with 2 more available for purchase with no mileage restriction. This makes the most financial sense in your use case with high annual mileage, and you get the peace of mind of great factory warranty coverage. Plus if you decide to upgrade sooner than expected, you can transfer the CPO warranty to the next buyer which makes it much easier to sell (if not trading in).

OR

Just wait 8 months until the 223 is out, unless you don’t want to buy a 1st model year vehicle.

Streamliner

Yes. From the standpoint of getting the most out of your dollar, CPO is the way to go. That said, there are some folks, myself included, that truly enjoy the process of ordering a brand new car, choosing just the right options, colors, etc. The anticipation alone has a value to me and there is just nothing like getting into the car for the first time, driving it home and knowing it was built just for you. I know I’ll take a huge hit on depreciation, but I find value in the experience. I wear an old Seiko watch, wear Eddie Bauer clothes and don’t spend on much of anything to excess. So, I look at ordering a new car as entertainment and recreation. And, it is guys like me who keep the CPO inventories stocked with goodies!

My latest special order: