2012 e63. Lease or buy
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From: San Jose
08 E 6point3-sold- 11 caddy cts-v-sold, 2012 E63 Palladium Silver
2012 e63. Lease or buy
I am considering going back to a e63. Currently driving a 11 cts-v but saw 63 on the lot and fell in love
Question is do I lease or buy. I have always leased and enjoy driving a new car every couple years. I am not self employed so there is no write offs for me leasing
Wife on the other hand says you must buy the next car. She wants to have no payments in the future
The big question is do I really want to buy a car that is notorious of depreciating very quickly. Once again never ever bought a car so don't know what to expect.
How many are leasing comparing to buying? And why
Question is do I lease or buy. I have always leased and enjoy driving a new car every couple years. I am not self employed so there is no write offs for me leasing
Wife on the other hand says you must buy the next car. She wants to have no payments in the future
The big question is do I really want to buy a car that is notorious of depreciating very quickly. Once again never ever bought a car so don't know what to expect.
How many are leasing comparing to buying? And why
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Joined: Oct 2011
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'12 e63 p30
I am considering going back to a e63. Currently driving a 11 cts-v but saw 63 on the lot and fell in love
Question is do I lease or buy. I have always leased and enjoy driving a new car every couple years. I am not self employed so there is no write offs for me leasing
Wife on the other hand says you must buy the next car. She wants to have no payments in the future
The big question is do I really want to buy a car that is notorious of depreciating very quickly. Once again never ever bought a car so don't know what to expect.
How many are leasing comparing to buying? And why
Question is do I lease or buy. I have always leased and enjoy driving a new car every couple years. I am not self employed so there is no write offs for me leasing
Wife on the other hand says you must buy the next car. She wants to have no payments in the future
The big question is do I really want to buy a car that is notorious of depreciating very quickly. Once again never ever bought a car so don't know what to expect.
How many are leasing comparing to buying? And why
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
Buy will always be cheaper than leasing in the long run provided you keep the car for a while. Buy new and you will have to bite the heavy depreciation (see the recent AMG depreciation post) but it probably wouldn't matter if you are keeping it for a long time. Best is to buy it CPO IMHO.
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Joined: Jun 2007
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From: San Jose
08 E 6point3-sold- 11 caddy cts-v-sold, 2012 E63 Palladium Silver
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2005 E55
Lease if the cost is reasonable. Buying a depreciating asset isn't worthwhile unless you intend to keep the car for a long time AND the cost of post-warranty maintenance is cheap.
From my personal experience, I hated leasing my cars because after 3 years, I would have 20k miles. So I felt like I had been ripped off and that the leasing company would make a killing off of my off-lease cars.
So I bought my 05 E55 new for about 90k in August of 2004, drove it for 5 years and put 17k miles on it, and dumped it in August of 2009 when I couldn't sell it. Lost almost 60k, not including the expensive MB warranty.
From my personal experience, I hated leasing my cars because after 3 years, I would have 20k miles. So I felt like I had been ripped off and that the leasing company would make a killing off of my off-lease cars.
So I bought my 05 E55 new for about 90k in August of 2004, drove it for 5 years and put 17k miles on it, and dumped it in August of 2009 when I couldn't sell it. Lost almost 60k, not including the expensive MB warranty.
Thread Starter
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Joined: Jun 2007
Posts: 870
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From: San Jose
08 E 6point3-sold- 11 caddy cts-v-sold, 2012 E63 Palladium Silver
lease
Lease if the cost is reasonable. Buying a depreciating asset isn't worthwhile unless you intend to keep the car for a long time AND the cost of post-warranty maintenance is cheap.
From my personal experience, I hated leasing my cars because after 3 years, I would have 20k miles. So I felt like I had been ripped off and that the leasing company would make a killing off of my off-lease cars.
So I bought my 05 E55 new for about 90k in August of 2004, drove it for 5 years and put 17k miles on it, and dumped it in August of 2009 when I couldn't sell it. Lost almost 60k, not including the expensive MB warranty.
From my personal experience, I hated leasing my cars because after 3 years, I would have 20k miles. So I felt like I had been ripped off and that the leasing company would make a killing off of my off-lease cars.
So I bought my 05 E55 new for about 90k in August of 2004, drove it for 5 years and put 17k miles on it, and dumped it in August of 2009 when I couldn't sell it. Lost almost 60k, not including the expensive MB warranty.
I normally drive my cars the full mielage due to the wife never driving. I guess I get the best use all the miles I paid for.
I am concerned if I ever need to sell the car that I will lose my shirt. Never been in the position so don't know. Its interesting that the used car market is on fire right now. I am not sure how long this will last. The intention is not to sell the car but I guess at some point in time I will need a new car. This probably wont be till 6-7 years later. I know cars do hit a point where it really does not depreciate anymore. I have a coworker that has a 2006 toyota corrolla that had over 150K in miles. He sold the car for 12K. think he only paid 17 for it new. He had several offers on the car.
I have never had to deal with a car out of warranty either since I usually lease for 3 years and give it back.
I am clueless at this point. The idea of buying a used 2012 next year makes more sense but I want one now. I also have never bought a used car and don't know how I feel about that.
I figure I should wait and see if there is specials in the future on the car
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From: Philadelphia
2014 GT-R; 2014 GL 350 BTC
I normally drive my cars the full mielage due to the wife never driving. I guess I get the best use all the miles I paid for.
I am concerned if I ever need to sell the car that I will lose my shirt. Never been in the position so don't know. Its interesting that the used car market is on fire right now. I am not sure how long this will last. The intention is not to sell the car but I guess at some point in time I will need a new car. This probably wont be till 6-7 years later. I know cars do hit a point where it really does not depreciate anymore. I have a coworker that has a 2006 toyota corrolla that had over 150K in miles. He sold the car for 12K. think he only paid 17 for it new. He had several offers on the car.
I have never had to deal with a car out of warranty either since I usually lease for 3 years and give it back.
I am clueless at this point. The idea of buying a used 2012 next year makes more sense but I want one now. I also have never bought a used car and don't know how I feel about that.
I figure I should wait and see if there is specials in the future on the car
I am concerned if I ever need to sell the car that I will lose my shirt. Never been in the position so don't know. Its interesting that the used car market is on fire right now. I am not sure how long this will last. The intention is not to sell the car but I guess at some point in time I will need a new car. This probably wont be till 6-7 years later. I know cars do hit a point where it really does not depreciate anymore. I have a coworker that has a 2006 toyota corrolla that had over 150K in miles. He sold the car for 12K. think he only paid 17 for it new. He had several offers on the car.
I have never had to deal with a car out of warranty either since I usually lease for 3 years and give it back.
I am clueless at this point. The idea of buying a used 2012 next year makes more sense but I want one now. I also have never bought a used car and don't know how I feel about that.
I figure I should wait and see if there is specials in the future on the car
https://mbworld.org/forums/showthread.php?t=417677
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From: California
C2S CAB & C6Z06 & CLS63
New car every couple of years for you or a permanent car to keep the wife happy.
Once you figure out your dilemma, the rest will come easy.
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E250 Cabriolet
I am considering going back to a e63. Currently driving a 11 cts-v but saw 63 on the lot and fell in love
Question is do I lease or buy. I have always leased and enjoy driving a new car every couple years. I am not self employed so there is no write offs for me leasing
Wife on the other hand says you must buy the next car. She wants to have no payments in the future
The big question is do I really want to buy a car that is notorious of depreciating very quickly. Once again never ever bought a car so don't know what to expect.
How many are leasing comparing to buying? And why
Question is do I lease or buy. I have always leased and enjoy driving a new car every couple years. I am not self employed so there is no write offs for me leasing
Wife on the other hand says you must buy the next car. She wants to have no payments in the future
The big question is do I really want to buy a car that is notorious of depreciating very quickly. Once again never ever bought a car so don't know what to expect.
How many are leasing comparing to buying? And why
And, if your going second hand (like I think I saw in one of your above posts) you could get a great deal on a second hand one. Hope I Helped, and I hope you get your E63 Dude!
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None
Leasing will save the depreciation, and you might be able to snap it up for a bargain at the end of your lease. My guess is that the Car market (Especially big engined cars like AMG's) will depreciate even more in the next couple years, as people will be even more worried about the price of petrol/maintenance. (In UK anyway)
And, if your going second hand (like I think I saw in one of your above posts) you could get a great deal on a second hand one. Hope I Helped, and I hope you get your E63 Dude!
And, if your going second hand (like I think I saw in one of your above posts) you could get a great deal on a second hand one. Hope I Helped, and I hope you get your E63 Dude!
Last edited by looney100; Jan 6, 2012 at 10:26 PM.
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'12 e63 p30
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
Yeah, companies wouldn't be so dumb to let you take advantage of the depreciation by leasing first and buy later. They already did all the number crunching already to make sure they come out ahead.
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Are you saying only in terms of Leasing then buying the car out after the Lease, or do you mean with Leasing in general?
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
One better way to approach the buying after leasing is to not letting them know about your plan to lease: Thus you walk into the dealer negotiating the price as if you plan to buy; after you have reached the price you like, tell them you want to lease and use that negotiated buy price as the basis of price to buy at the end of the lease. Just watch out...they will be mad as hell when they find out, though. This is what they will look like on the inside--->
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Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
Leasing in general will definitely cost more in the long run. Buying after leasing is definitely better, but still not as cost-saving as buying the car right at the beginning.
One better way to approach the buying after leasing is to not letting them know about your plan to lease: Thus you walk into the dealer negotiating the price as if you plan to buy; after you have reached the price you like, tell them you want to lease and use that negotiated buy price as the basis of price to buy at the end of the lease. Just watch out...they will be mad as hell when they find out, though. This is what they will look like on the inside--->
One better way to approach the buying after leasing is to not letting them know about your plan to lease: Thus you walk into the dealer negotiating the price as if you plan to buy; after you have reached the price you like, tell them you want to lease and use that negotiated buy price as the basis of price to buy at the end of the lease. Just watch out...they will be mad as hell when they find out, though. This is what they will look like on the inside--->
Yeah, I've priced out buying out my Lease. It would cost me several thousand more than if I bought my car off the bat (I have a good Lease deal and an artificially inflated buyout to makeup for that, so basically they'd be getting me after I got them). On the flip side, I guess you can say that you're simply paying extra interest due to prolonging the buyout of your car (saying that you Lease for 3 years, then Finance for 5 years), and giving yourself the ability to get out early if you don't want it after the Lease, i.e you're paying for some extra Luxuries. In the long run, however, you could have bought a much more expensive car right off the bat, but each way can have their perks.
I could probably get an E-Class for $6K less than what my buyout is, after my Lease, but it comes down to whether $6+K is worth keeping "your car", or buying someone else's old car.
Also, one must take into account the opportunities one can use to grow the money that they would have otherwise spend paying for the car upfront. Saying that buying a Lease out after the Lease would cost you an extra $6K from buying the car outright initially, if you hopefully do well with the investments or whatever, you can possibly come out even or ahead.
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
Yes, it's importance to balance what other investment you can put your money into during the duration of the lease or paying off the car. Many times, you can put that same money to work and generate more in return while leasing or taking advantage of the low APR rate, ie 1.9% APR. Just gotta get out that calculator and do some serious number crunching to help you decide.
Hmm, not sure what is good number for leasing for E63.
Hmm, not sure what is good number for leasing for E63.
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From: Houston, Tx
2015 C63S
What if you can write off the lease payments? I read somewhere that if you are self employed and use the vehicle for work purposes that you can write off the percent used for work. Meaning if you use it 80% for driving to/from your office to clients offices then you can write off that percentage. I never really looked into this or leases but when I read that it seemed to me that it could result in getting the car at a hefty savings if at the end of the lease you buy the car.
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
If you have a business entity or activities that is involved in generating income, you can certainly deduct things such as lease payments. However, things like that get complicated so it will be best for most people to talk to their accountant when doing that.
My tax situation is getting quite complicated but I have been doing them myself before handing it to an accountant so I will know it easily when an accountant is missing something. There are lots of info in the tax books on writing off the lease payments. It's not that hard to do as long as you keep good record and maintain good book-keeping practice. Definitely talk to an accountant if you feel uncomfortable with handling it yourself.
My tax situation is getting quite complicated but I have been doing them myself before handing it to an accountant so I will know it easily when an accountant is missing something. There are lots of info in the tax books on writing off the lease payments. It's not that hard to do as long as you keep good record and maintain good book-keeping practice. Definitely talk to an accountant if you feel uncomfortable with handling it yourself.
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I'm an Independent Contractor who drives lots of long distance with my Leased Car for work. However, my Accountant said that I didn't fall into the category of someone who could write off their Lease payments. Based on my gatherings, that makes no sense to me. Gonna have to grille him on it this time around.
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From: Houston, Tx
2015 C63S
I'm an Independent Contractor who drives lots of long distance with my Leased Car for work. However, my Accountant said that I didn't fall into the category of someone who could write off their Lease payments. Based on my gatherings, that makes no sense to me. Gonna have to grille him on it this time around.
