Not good !
MBWorld Fanatic!
Joined: Oct 2002
Posts: 4,977
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From: Cincinnati
2010 E350 4Matic
Thats just it though, it doesn't cost $50k for 13k miles and the new car smell if you're comparing to leasing new. If you do the math I bet you find its not actually that much cheaper. Driving my S580 will cost me $66,000 for 3 years (AND thats tax deductible for me). Don't know how long you intend to keep your S560, but if it was a 2 year lease that would assume you got it in 2022 or so, which means if you're trading it in after 3-4 years thats around now. Right now on trade your S560 is worth about $35,000...so $75,000-$35,000 is $40,000...without any interest cost or opportunity of money cost if you paid cash that means it costs me $16,000 more over 3 years to drive a new S Class vs driving a CPO one...
So $5,300 more a year to drive a new car with the latest features and styling and not having to worry about age related failures...that savings isn't worth driving a used car of the previous generation to me. I'm just guessing you paid cash, but thart $75,000 invested in the S&P in 2022 would be worth ~ $120,000 today...so I'm actually way ahead.
So $5,300 more a year to drive a new car with the latest features and styling and not having to worry about age related failures...that savings isn't worth driving a used car of the previous generation to me. I'm just guessing you paid cash, but thart $75,000 invested in the S&P in 2022 would be worth ~ $120,000 today...so I'm actually way ahead.
MBWorld Fanatic!
Joined: Jun 2015
Posts: 9,141
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From: Maryland
2024 S580
MBWorld Fanatic!
Joined: Oct 2010
Posts: 8,157
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From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
I understand that some here don’t care for my comments on the W223–even though they are based on my actual ownership experience—but to them I say IGNORE ME! I ignore them, so why not just ignore me? The reason they won’t simply do that and resort to slinging personal insults my way, is just as you say, it’s actually a “maturity gap.” These are folks brought up in the “everyone gets a trophy” generation and were raised with the idea that “there are no losers.” Now, out in the real world, they just can’t understand why everything wonderful isn’t just dropped in their lap. They don’t understand that us older folks actually got to where we are by doing it the old fashioned way: we worked our asses off and WE EARNED IT!
Anyway, the sun is over the yardarm here in Newport Harbor and the Drinking Lamp is lit, so I’m going to make my way to the fantail where my lovely wife and I will be enjoying cocktails. Cheers!
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