View Poll Results: Did you purchase or lease the mighty beast in your garage.
Purchased
54
85.71%
Leased
9
14.29%
Voters: 63. You may not vote on this poll
Poll...Did you buy or lease your beast??
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MBWorld Fanatic!
Joined: Aug 2004
Posts: 1,287
Likes: 0
From: school west coast-Summer Internships Va and Bmore
E55 (for sale if the right offer comes along)...too many others to list
Normally I purchase a car rather than leasing to avoid getting screwed over mileage. I take delivery of an 06/211 in November that I leased for 24 months in order to trade it back in for the E63. The value of these cars drop so fast, and I don't want to be stuck with a 10k loss. I am giving my car to my mom instead of letting the dealer rip me off on the trade in. I got my 210 over a year ago for 39k and today it's only worth 28????????
Vic is smart to use it as a tax write off as long as you stay within the mileage.
Vic is smart to use it as a tax write off as long as you stay within the mileage.
MBWorld Fanatic!
Joined: Apr 2005
Posts: 1,117
Likes: 0
From: Brisbane, Australia
2003 E55
Leased - great tax advantages in this country when use for "work" purposes. And its cheaper to do it that way than borrow from the bank.
And you can turn the car over every 3 or 4 years if you want.
And $230,000 Aussies dollars is a bit much out of the budget for an outright purchase!
And you can turn the car over every 3 or 4 years if you want.
And $230,000 Aussies dollars is a bit much out of the budget for an outright purchase!
Super Member
Joined: Dec 2004
Posts: 948
Likes: 0
From: Irvine, California
'10 MB E63, '08 ML550 ('05 E55, '05 SL55, '08 E63 GONE)
Leased the E55 (36 months), but I purchased the SL55. If you own your own business or can otherwise write off the lease it becomes a very attractive business deal... You can also write off upgrades such as wheels, etc. as maintenence.
~ Ian
~ Ian
MBWorld Fanatic!
Joined: Jun 2002
Posts: 1,436
Likes: 11
From: Treasure Coast
2018 Mclaren 720s, 2021 Aston Martin DBX
Leased. Could have financed 100% at 3.99% and still paid more per month than a lease or paid cash and lost out on the returns on investments.
Super Member
Joined: Dec 2002
Posts: 740
Likes: 0
From: Charlotte, NC
No longer car shopping...
Originally Posted by OzE55
Leased - great tax advantages in this country when use for "work" purposes. And its cheaper to do it that way than borrow from the bank.
And you can turn the car over every 3 or 4 years if you want.
And $230,000 Aussies dollars is a bit much out of the budget for an outright purchase!
And you can turn the car over every 3 or 4 years if you want.
And $230,000 Aussies dollars is a bit much out of the budget for an outright purchase!
PS - Bought prior CLK55 with cash. Bought business truck with bank financing (about 60%). Never have leased any vehicle..
Last edited by ndabunka; Aug 13, 2005 at 12:16 AM.
Super Member
Joined: Dec 2004
Posts: 948
Likes: 0
From: Irvine, California
'10 MB E63, '08 ML550 ('05 E55, '05 SL55, '08 E63 GONE)
Originally Posted by M5KILLR
financed every penny at 5.5% then used cash on hand for real estate investment returning XX%. akways better to borrow someone elses money if your investments are returning better.
~ Ian
Junior Member
Joined: Jun 2005
Posts: 67
Likes: 1
From: Bako
'05 E55, HRE 847R's black centers, black grille
bought then financed
Paid for it cash at the dealership, then brought it home and financed it for 2.9%. Better to have the cash in hand to invest with (real estate).
