Is the depreciation on your AMG unbearable
03-04-2011, 05:06 PM
#26
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2010 Silverado, 03 H2, 66 Nova SS, 03 E55
Great thread.... but I've been thinking. I'm the flip side of what the thead asks...
The depreciation factor of these vehicles is what attracts me.
For me I would have to say cost of new MB AMG is unbearable,
and for me to go buy a 2003 e55 with 33K miles for 26K is totally painless.
In fact, I wish I had the addresses of the 2 previous owners so that I could send them thank you notes for basically paying the depreciation for me.
The depreciation factor of these vehicles is what attracts me.
For me I would have to say cost of new MB AMG is unbearable,
and for me to go buy a 2003 e55 with 33K miles for 26K is totally painless.
In fact, I wish I had the addresses of the 2 previous owners so that I could send them thank you notes for basically paying the depreciation for me.
03-04-2011, 07:22 PM
#27
Great thread.... but I've been thinking. I'm the flip side of what the thead asks...
The depreciation factor of these vehicles is what attracts me.
For me I would have to say cost of new MB AMG is unbearable,
and for me to go buy a 2003 e55 with 33K miles for 26K is totally painless.
In fact, I wish I had the addresses of the 2 previous owners so that I could send them thank you notes for basically paying the depreciation for me.
The depreciation factor of these vehicles is what attracts me.
For me I would have to say cost of new MB AMG is unbearable,
and for me to go buy a 2003 e55 with 33K miles for 26K is totally painless.
In fact, I wish I had the addresses of the 2 previous owners so that I could send them thank you notes for basically paying the depreciation for me.
Buying these cars is not a big deal but being able to maintain them as recommended would be a test and only time will tell.
03-04-2011, 07:45 PM
#28
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03-04-2011, 08:36 PM
#29
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2010 Silverado, 03 H2, 66 Nova SS, 03 E55
Emoving said it earlier. All you have to do is have some connections for other than DIY service and be savvy in where and how you buy your parts.
Last edited by randallaguirre; 03-04-2011 at 08:39 PM.
03-04-2011, 09:01 PM
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Mercedes S55 AMG
Over time and versus the "regular" car, a Mercedes or AMG certainly will be more expensive to maintain due to various factors.
I have an S55 with 158,000 miles - well passed any warranty. It has periods that nothing goes wrong, but then something needs changing - but it goes back to new when changed. My point is that generally any singular part will be more than a cheaper car, and not only that, most mechanics who specialize in Mercedes and the dealer will charge more for labor. To complicate matters, these cars, especially an S or E class - have so many more technological components to go wrong in them then most cars.
So my conclusion that AMG's are certainly a money and time investment - for the long run. If you take care of it and treat it well, you'll drive well pass 200k miles. (But certainly after a few motor mounts, ABC/Airmatic components, and seat heaters later.)
I have an S55 with 158,000 miles - well passed any warranty. It has periods that nothing goes wrong, but then something needs changing - but it goes back to new when changed. My point is that generally any singular part will be more than a cheaper car, and not only that, most mechanics who specialize in Mercedes and the dealer will charge more for labor. To complicate matters, these cars, especially an S or E class - have so many more technological components to go wrong in them then most cars.
So my conclusion that AMG's are certainly a money and time investment - for the long run. If you take care of it and treat it well, you'll drive well pass 200k miles. (But certainly after a few motor mounts, ABC/Airmatic components, and seat heaters later.)
Last edited by rondocap; 03-04-2011 at 09:03 PM. Reason: a
03-04-2011, 10:28 PM
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2005 E55 AMG
I consider my AMG as my toy...I would NEVER EVER have purchased it if I needed something reliable and frugal. That being said, it's HUGE depreciation made it easy for me to purchase and I can pretty much handle just about anything that can break on it since most of the work I do myself. But I've had a few Benz's in my family and their reliability hasn't been to good compared to my other cars ( which have mostly been american cars that have served me very well ).
03-05-2011, 02:02 AM
#32
03-05-2011, 01:48 PM
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2014 E350 Sport,1999 ML430,X cars 2008 Z06,2006 E55,2002 Z06,95 M3
The reason for the depreciation is because the product is unreliable period...There is absolutely no reason for a car with 50K miles,to break its A/C clutch and to have rear air bags that leak in a couple of days.
03-05-2011, 03:48 PM
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E55 then E63, now back to an E55
These cars are not that much to maintain. Lets face it, its not a Toyota or a Ford. You gotta pay to play. I just had all the fluids flushed (oil, tranny, brakes and coolant) and they charged me $500. Whats a Ford, $300. Front rotors are only $90 a piece now which is in line with any car with Brembros. If something BREAKS on a M, Pcar, Nissan GTR, CTS V, ect, it si gonna cost more then the cheap counter part. If we were that worried about it we would drive CLS550s and E500s.
Last edited by jpohl402; 03-05-2011 at 03:53 PM.
03-06-2011, 12:29 AM
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2008 E63AMGP30
These cars are not that much to maintain. Lets face it, its not a Toyota or a Ford. You gotta pay to play. I just had all the fluids flushed (oil, tranny, brakes and coolant) and they charged me $500. Whats a Ford, $300. Front rotors are only $90 a piece now which is in line with any car with Brembros. If something BREAKS on a M, Pcar, Nissan GTR, CTS V, ect, it si gonna cost more then the cheap counter part. If we were that worried about it we would drive CLS550s and E500s.
03-06-2011, 08:10 PM
#38
My 2007 S65 AMG was $203 with Designo leather and I bought it in 2010 for $80K with 8K miles. The ONLY reason i bought it was because I could extend the warranty for 5 years for $5K via Chrysler (which they don't do anymore). Afterall who wants to think about a $120K engine going without a warranty. To me thats why no one wants to touch these cars given the risk of EXCESSIVE work which would result in a complete mechanical loss. I don't think an insurance company would cover that...meaning your selling that $80K car to a junk yard for $5-8K and paying your loan for 3-7 years or out $80K cash or some combination.
03-07-2011, 07:44 AM
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Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
Perceived or actual reliability, high maintenance costs, bad gas mileage, high labor costs, etc. etc. are what drive down resale, not to mention, mismanagement in any of the many vital fields in the car business. In the Premium Car world, high maintenance and labor is more accepted, so it mostly lies in repair costs, and of course, mostly reliability. BMW's "Free Maintenance" is HUGE in getting the common buyers in line as well. Many people switched to BMW from M-B for that very reason (after M-B discontinued their program), my Mom included.
With AMG's, you have a niche car, very high performance, not very well known, without the cache of "M". BMW's naming of their M cars is far more simple, and I think that has helped them (amongst other things) to gain so much cred, i.e M3, M5, etc. VS M-B changing the numericals on their AMG's, and now being stuck on the soon to be random "63" number which will have nothing to do with the future motors.
M-B's Schremmp era did a number to the brand, and they're still recovering from it. Anything post W221 is back on track in major reliability ways (compare the W221 to the W220, or the W204 to the W203, or soon the W212 to the especially early W211's, etc.). It will take some time, but if they stick to the script, and don't get ahead of themselves, M-B's future resale will hopefully pick back up, especially for the super-plummeting AMG models. Unfortunately, any model that is seen as "tainted" for even 1 or 2 MY's, can have its whole legacy ruined, and resale heavily affected. If new M-B's can continue launching without the disasters of before, they can start rebuilding in the eyes of the commoner consumer.
Things are currently looking up at M-B it seems, so here's some good news that could hopefully help contribute to a hopefully more positive resale future:
Near perfect J.D Powers results for the first MY W212
http://www.jdpower.com/autos/Mercede...Sedan/ratings/
M-B fares very well overall, while BMW is faring very poorly:
The E being declared the "Value Champion" (not a U.S Award):
OFFICIAL PRESS RELEASE
Stuttgart, Dec 10, 2010
Stuttgart – The Mercedes-Benz E-Class has been declared the 2011 Value Champion in the latest value retention assessment carried out by Auto Bild magazine in cooperation with EurotaxSchwacke. Models from the C-Class, the E-Class, the S-Class, the GLK, and the M-Class were among the top three winners in various categories.
According to the residual value forecasts of the market researchers, a four-year-old E-Class vehicle will have the lowest loss of value in the upper-range segment. After four years of use, the E 300 CDI BlueEFFICIENCY station wagon will still retain 54.8 percent of its current original value.
Four other Mercedes-Benz vehicles also placed among the top three models in other categories. The C 250 CDI BlueEFFICIENCY station wagon was among the winners in the midrange segment, the S 250 CDI BlueEFFICIENCY was one of the top three in the luxury segment, and the GLK 350 CDI as well as the ML 350 CDI were among the top SUVs. Mercedes-Benz vehicles have also regularly been among the value retention champions in their respective classes in previous years.
© 2010 The World Of Mercedes-Benz /////AMG. All rights reserved.
© 2010 Daimler AG. All rights reserved.
Source: The World Of Mercedes-Benz /////AMG
------MBUSA being very highly regarded as a Company to work for. This is a very rare, and highly acclaimed position for a car manufacturer to enter (I think M-B holds a record in this aspect).
al.com
MONTVALE, N.J., Jan. 21 /PRNewswire/ -- Mercedes-Benz USA (MBUSA) announced today that it has been ranked one of the "100 Best Companies to Work For" by FORTUNE magazine in its 13th annual survey which appears in the February 8 issue of FORTUNE, available on newsstands on Monday, January 25, and now at fortune.com/bestcompanies.
FORTUNE Deputy Managing Editor Hank Gilman says, "The most important considerations for this year's list were hiring and the ways in which companies are helping their employees weather the recession. All 100 companies on our list are currently hiring, many of them aggressively, leading to more than 96,000 open job positions expected in the next year."
"This is gratifying if you believe, as we do, that in order for a company to achieve long-term success, particularly in this economic environment, it has to have the full engagement, commitment and passion of its employees," stated Ernst Lieb, President and CEO, MBUSA. "Only then can you inspire your retail network to do the same and deliver the dream that customers associate with the Mercedes-Benz brand."
Continue: Mercedes-Benz USA Named One of Fortune's '100 Best Companies to Work For' | Yacht Vacations & Charters
And, M-B winning an "Image Award":
Munich/Stuttgart, Feb 25, 2011
Image Award 2011: 107 brands in the running
The image ranking, which VerkehrsRundschau has been conducting since 2002, centres on a representative opinion poll to survey the image and awareness levels of the leading companies offering commercial vehicles and products and services for commercial vehicle fleets. To this end, the TNS Emnid market research institute interviewed a total of 400 executive staff in Germany at transportation companies and at industrial and commercial enterprises operating their own fleets. All 107 of the brands selected for this study are among the market leaders in Germany in terms of market share and public perception.
Since last year, the image study has offered two rankings per category: the rating by the operators of small fleets (up to 10 commercial vehicles) and the image assessment by operators of medium-sized and large fleets (11 commercial vehicles and over). A brand which wins the Image Award in both rankings is considered to be the unchallenged winner of the category concerned.
Mercedes-Benz vans win both rankings
As in 2010, the Mercedes-Benz vans scooped the title of “Unchallenged Winner” once again in the Vans category. Mercedes-Benz was also the winner in this category throughout the previous years. This year, the operators of small fleets awarded 812 out of a possible total of 1000 image points to the Mercedes vans. The vote of approval from the operators of medium-sized and large fleets was even more resounding, with 823 image points going to the Sprinter, Vito and Vario product range.
Award for Mercedes-Benz trucks
The commercial vehicles from Mercedes-Benz also lead the field in the “top-flight” Trucks category. The trucks in the permissible gross vehicle weight category of 3.5 t and over claimed the Image Award with 796 points from operators of fleets of up to ten commercial vehicles, who account for around 80 percent of German transport companies.
Two Image Awards for Mercedes-Benz Charterway
The Image Award also went to Stuttgart for both segments of the Rental/Leasing category. Following on from last year’s success, Mercedes-Benz Charterway remains the number one among transport companies, forwarding agents and internal works transport operators, making it once again the “Unchallenged Winner” among the providers of rental and financing services in connection with the acquisition of commercial vehicles.
The three product lines Charterway Service, Charterway Service Leasing and Charterway Rental even improved their image rating among the operators of small, medium-sized and larger fleets alike in comparison to the previous year. In the ranking by operators of up to ten commercial vehicles Mercedes-Benz Charterway received 768 image points (previous year: 746), while operators of fleets of eleven commercial vehicles or more awarded 752 image points (previous year: 722).
Daimler FleetBoard: Unchallenged Winner among telematics systems
As in the previous year, the telematics solutions from Daimler FleetBoard to enhance the economic efficiency of commercial vehicle fleets took first place in the Telematics category once again in 2011. The operators of small fleets awarded 713 image points and the operators of fleets of eleven commercial vehicles and over awarded 762 image points, assuring the Daimler subsidiary of the Image Award in both rankings.
This result affirms Daimler FleetBoard’s strategy aimed at further expanding its current product offering. As the most recent example of this expansion course, FleetBoard is now also available ex-factory as an original equipment item for the Mercedes-Benz Sprinter. This means that a highly efficient telematics system from Daimler FleetBoard is now also available to operators of van fleets as a means of reducing operating costs through optimised job and route management and as a facility to lower maintenance and repair costs.
Mercedes-Benz emerges as most popular brand
Mercedes-Benz also emerged from the Image Awards as the most popular commercial vehicle brand. This finding was based on a representative opinion poll conducted on this year’s special topic of “Brand perception among young logistics professionals”. Mercedes-Benz had already claimed first place in the special category last year, when the focus was on the environment.
Over 4000 future specialists and junior executives from the fields of transport, haulage and logistics were interviewed for the Image Award 2011 in the special category of “Young Logistics Professionals”. On the subject of commercial vehicles and fleets, the young logistics professionals of up to 32 years of age chose Mercedes as their favourite truck brand from among 107 contenders. The truck brand from Stuttgart received 897 out of a possible total of 1000 image points. The all-round success of the Daimler brands on all fronts was sealed by the top ranking in the second segment of this special category. The future decision-makers in the area of commercial vehicles and fleet accessories awarded 871 image points to the van brand bearing the Mercedes star.
Source: Daimler emerges from Image Awards with the most successful brands « The World Of Mercedes-Benz AMG
With AMG's, you have a niche car, very high performance, not very well known, without the cache of "M". BMW's naming of their M cars is far more simple, and I think that has helped them (amongst other things) to gain so much cred, i.e M3, M5, etc. VS M-B changing the numericals on their AMG's, and now being stuck on the soon to be random "63" number which will have nothing to do with the future motors.
M-B's Schremmp era did a number to the brand, and they're still recovering from it. Anything post W221 is back on track in major reliability ways (compare the W221 to the W220, or the W204 to the W203, or soon the W212 to the especially early W211's, etc.). It will take some time, but if they stick to the script, and don't get ahead of themselves, M-B's future resale will hopefully pick back up, especially for the super-plummeting AMG models. Unfortunately, any model that is seen as "tainted" for even 1 or 2 MY's, can have its whole legacy ruined, and resale heavily affected. If new M-B's can continue launching without the disasters of before, they can start rebuilding in the eyes of the commoner consumer.
Things are currently looking up at M-B it seems, so here's some good news that could hopefully help contribute to a hopefully more positive resale future:
Near perfect J.D Powers results for the first MY W212
http://www.jdpower.com/autos/Mercede...Sedan/ratings/
M-B fares very well overall, while BMW is faring very poorly:
The E being declared the "Value Champion" (not a U.S Award):
OFFICIAL PRESS RELEASE
Stuttgart, Dec 10, 2010
Stuttgart – The Mercedes-Benz E-Class has been declared the 2011 Value Champion in the latest value retention assessment carried out by Auto Bild magazine in cooperation with EurotaxSchwacke. Models from the C-Class, the E-Class, the S-Class, the GLK, and the M-Class were among the top three winners in various categories.
According to the residual value forecasts of the market researchers, a four-year-old E-Class vehicle will have the lowest loss of value in the upper-range segment. After four years of use, the E 300 CDI BlueEFFICIENCY station wagon will still retain 54.8 percent of its current original value.
Four other Mercedes-Benz vehicles also placed among the top three models in other categories. The C 250 CDI BlueEFFICIENCY station wagon was among the winners in the midrange segment, the S 250 CDI BlueEFFICIENCY was one of the top three in the luxury segment, and the GLK 350 CDI as well as the ML 350 CDI were among the top SUVs. Mercedes-Benz vehicles have also regularly been among the value retention champions in their respective classes in previous years.
© 2010 The World Of Mercedes-Benz /////AMG. All rights reserved.
© 2010 Daimler AG. All rights reserved.
Source: The World Of Mercedes-Benz /////AMG
------MBUSA being very highly regarded as a Company to work for. This is a very rare, and highly acclaimed position for a car manufacturer to enter (I think M-B holds a record in this aspect).
al.com
MONTVALE, N.J., Jan. 21 /PRNewswire/ -- Mercedes-Benz USA (MBUSA) announced today that it has been ranked one of the "100 Best Companies to Work For" by FORTUNE magazine in its 13th annual survey which appears in the February 8 issue of FORTUNE, available on newsstands on Monday, January 25, and now at fortune.com/bestcompanies.
FORTUNE Deputy Managing Editor Hank Gilman says, "The most important considerations for this year's list were hiring and the ways in which companies are helping their employees weather the recession. All 100 companies on our list are currently hiring, many of them aggressively, leading to more than 96,000 open job positions expected in the next year."
"This is gratifying if you believe, as we do, that in order for a company to achieve long-term success, particularly in this economic environment, it has to have the full engagement, commitment and passion of its employees," stated Ernst Lieb, President and CEO, MBUSA. "Only then can you inspire your retail network to do the same and deliver the dream that customers associate with the Mercedes-Benz brand."
Continue: Mercedes-Benz USA Named One of Fortune's '100 Best Companies to Work For' | Yacht Vacations & Charters
And, M-B winning an "Image Award":
Munich/Stuttgart, Feb 25, 2011
- Five first places in VerkehrsRundschau image ranking
- Mercedes-Benz emerges as most popular brand
- Image Awards for Mercedes-Benz trucks and vans
- Leading the field in telematics: Daimler FleetBoard
- Mercedes-Benz Charterway: Winner in the Rental/Leasing category
Image Award 2011: 107 brands in the running
The image ranking, which VerkehrsRundschau has been conducting since 2002, centres on a representative opinion poll to survey the image and awareness levels of the leading companies offering commercial vehicles and products and services for commercial vehicle fleets. To this end, the TNS Emnid market research institute interviewed a total of 400 executive staff in Germany at transportation companies and at industrial and commercial enterprises operating their own fleets. All 107 of the brands selected for this study are among the market leaders in Germany in terms of market share and public perception.
Since last year, the image study has offered two rankings per category: the rating by the operators of small fleets (up to 10 commercial vehicles) and the image assessment by operators of medium-sized and large fleets (11 commercial vehicles and over). A brand which wins the Image Award in both rankings is considered to be the unchallenged winner of the category concerned.
Mercedes-Benz vans win both rankings
As in 2010, the Mercedes-Benz vans scooped the title of “Unchallenged Winner” once again in the Vans category. Mercedes-Benz was also the winner in this category throughout the previous years. This year, the operators of small fleets awarded 812 out of a possible total of 1000 image points to the Mercedes vans. The vote of approval from the operators of medium-sized and large fleets was even more resounding, with 823 image points going to the Sprinter, Vito and Vario product range.
Award for Mercedes-Benz trucks
The commercial vehicles from Mercedes-Benz also lead the field in the “top-flight” Trucks category. The trucks in the permissible gross vehicle weight category of 3.5 t and over claimed the Image Award with 796 points from operators of fleets of up to ten commercial vehicles, who account for around 80 percent of German transport companies.
Two Image Awards for Mercedes-Benz Charterway
The Image Award also went to Stuttgart for both segments of the Rental/Leasing category. Following on from last year’s success, Mercedes-Benz Charterway remains the number one among transport companies, forwarding agents and internal works transport operators, making it once again the “Unchallenged Winner” among the providers of rental and financing services in connection with the acquisition of commercial vehicles.
The three product lines Charterway Service, Charterway Service Leasing and Charterway Rental even improved their image rating among the operators of small, medium-sized and larger fleets alike in comparison to the previous year. In the ranking by operators of up to ten commercial vehicles Mercedes-Benz Charterway received 768 image points (previous year: 746), while operators of fleets of eleven commercial vehicles or more awarded 752 image points (previous year: 722).
Daimler FleetBoard: Unchallenged Winner among telematics systems
As in the previous year, the telematics solutions from Daimler FleetBoard to enhance the economic efficiency of commercial vehicle fleets took first place in the Telematics category once again in 2011. The operators of small fleets awarded 713 image points and the operators of fleets of eleven commercial vehicles and over awarded 762 image points, assuring the Daimler subsidiary of the Image Award in both rankings.
This result affirms Daimler FleetBoard’s strategy aimed at further expanding its current product offering. As the most recent example of this expansion course, FleetBoard is now also available ex-factory as an original equipment item for the Mercedes-Benz Sprinter. This means that a highly efficient telematics system from Daimler FleetBoard is now also available to operators of van fleets as a means of reducing operating costs through optimised job and route management and as a facility to lower maintenance and repair costs.
Mercedes-Benz emerges as most popular brand
Mercedes-Benz also emerged from the Image Awards as the most popular commercial vehicle brand. This finding was based on a representative opinion poll conducted on this year’s special topic of “Brand perception among young logistics professionals”. Mercedes-Benz had already claimed first place in the special category last year, when the focus was on the environment.
Over 4000 future specialists and junior executives from the fields of transport, haulage and logistics were interviewed for the Image Award 2011 in the special category of “Young Logistics Professionals”. On the subject of commercial vehicles and fleets, the young logistics professionals of up to 32 years of age chose Mercedes as their favourite truck brand from among 107 contenders. The truck brand from Stuttgart received 897 out of a possible total of 1000 image points. The all-round success of the Daimler brands on all fronts was sealed by the top ranking in the second segment of this special category. The future decision-makers in the area of commercial vehicles and fleet accessories awarded 871 image points to the van brand bearing the Mercedes star.
Source: Daimler emerges from Image Awards with the most successful brands « The World Of Mercedes-Benz AMG
Last edited by K-A; 03-07-2011 at 07:49 AM.
03-07-2011, 09:20 AM
#41
Senior Member
Emoving " Daily Driver "
No way " I got a work car 1992 Camry that my daily driver and this " Machine" sitts in the Garage for my weekends and trips . It's my Weekend Fun Machine and nobody drives it but "ME", I'm going to run it a little a Milan Dragway, Milan , Mich visit Norwalk Dragway , Norwalk Oh, it the Closet Major NHRA strip . She's up for the winter doesn't come out till all the Road salt & pot holes are fixed maybe late April , definitely by May .. I even come your way to Columbus to see Crew Soccer games .... maybe I'll see u this Summer on the Road .. Your looking Pretty Good .. BadM
03-07-2011, 09:22 AM
#42
MBWorld Fanatic!
there's no such thing as "full coverage."
every state has minimum requirements for coverage, and all the deductibles vary as well.
we can get up to $1M liability here in CA, and then we add in umbrella homeowner coverage. there's a reason why i'm paying $1500/yr for my 2006 CLK55 cab when logically it should be less than your S65. i think unless there's true apples to apples comparison, these #'s are not very accurate.
PL
every state has minimum requirements for coverage, and all the deductibles vary as well.
we can get up to $1M liability here in CA, and then we add in umbrella homeowner coverage. there's a reason why i'm paying $1500/yr for my 2006 CLK55 cab when logically it should be less than your S65. i think unless there's true apples to apples comparison, these #'s are not very accurate.
PL
03-07-2011, 09:24 AM
#43
MBWorld Fanatic!
btw, my friend just sold his 50k 2006 Maserati quattroporte for $25k. The MSRP was about $125k new...so, that's 80% off in 5 yrs...isn't that the same/worse than AMG?
PL
03-07-2011, 01:27 PM
#45
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3-five-five/ TUNDRA/ 07 997 cab
No way " I got a work car 1992 Camry that my daily driver and this " Machine" sitts in the Garage for my weekends and trips . It's my Weekend Fun Machine and nobody drives it but "ME", I'm going to run it a little a Milan Dragway, Milan , Mich visit Norwalk Dragway , Norwalk Oh, it the Closet Major NHRA strip . She's up for the winter doesn't come out till all the Road salt & pot holes are fixed maybe late April , definitely by May .. I even come your way to Columbus to see Crew Soccer games .... maybe I'll see u this Summer on the Road .. Your looking Pretty Good .. BadM
need some info
03-07-2011, 04:01 PM
#47
Registered User
i'm not sure how leasing helps...isn't there a MAXIMUM that you can write off per year on the lease payments - i think the federal cap is around $10k/yr...ck w/ your accountant.
btw, my friend just sold his 50k 2006 Maserati quattroporte for $25k. The MSRP was about $125k new...so, that's 80% off in 5 yrs...isn't that the same/worse than AMG?
PL
btw, my friend just sold his 50k 2006 Maserati quattroporte for $25k. The MSRP was about $125k new...so, that's 80% off in 5 yrs...isn't that the same/worse than AMG?
PL
If this is your only vehicle up to 85% max .
03-07-2011, 04:06 PM
#48
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Porsche 991S, Cayenne S, 1972 BMW 3.0CS E9 Coupe
there's no such thing as "full coverage."
every state has minimum requirements for coverage, and all the deductibles vary as well.
we can get up to $1M liability here in CA, and then we add in umbrella homeowner coverage. there's a reason why i'm paying $1500/yr for my 2006 CLK55 cab when logically it should be less than your S65. i think unless there's true apples to apples comparison, these #'s are not very accurate.
PL
every state has minimum requirements for coverage, and all the deductibles vary as well.
we can get up to $1M liability here in CA, and then we add in umbrella homeowner coverage. there's a reason why i'm paying $1500/yr for my 2006 CLK55 cab when logically it should be less than your S65. i think unless there's true apples to apples comparison, these #'s are not very accurate.
PL
03-07-2011, 04:22 PM
#49
Senior Member
03-07-2011, 05:07 PM
#50
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Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
Can you elaborate on that? Is that if it's "owned" by a business, as opposed to an individual? I have two cars, my Benz is Leased, my other is owned outright. I use one for work and pleasure, and one only for work. However, both are under my individual name. How can I write this baby off without a potential audit?
