E63 Édition 1 lease or buy?
09-24-2017, 10:55 AM
#3
Lease and return, Know your depreciation up front instead of a surprise 2-3 years later. Nothing to do about writing a check, or financial distress, just smarter shopping.
09-24-2017, 11:59 AM
#4
One year lease since this is a 2017 model in Europe badged as 2018 in US. These things will look outdated by the time we get them next month. And the 2019 model next October will have the panamerica front grill.
09-24-2017, 03:43 PM
#5
Member
Being in debt on a depreciating thing is never smart. This false "smart" is just what the debt pushers want debt slaves to believe.
09-24-2017, 04:51 PM
#6
09-24-2017, 05:34 PM
#7
Member
Just pay cash for what you can afford. It is fun. The dealers do not believe it until you hand them the check. I prefer to buy new to get what I want, and to avoid the unknowns of used cars.
Even more fun is buying houses with cash. We've got 15 rental houses with a current value of $2,500,000 owned free and clear, plus the $1,000,000 place where we live, plus a condominium (flat) in Europe. I tried being a debt slave when younger, and this is dramatically better. We did use debt in the past to buy appreciating real estate, and may do so again, especially if am economic boom triggered by substantial tax cuts occurs. I started with nothing 26 years ago, and was barely abe to eat the first few months after I started my corporation.
Even more fun is buying houses with cash. We've got 15 rental houses with a current value of $2,500,000 owned free and clear, plus the $1,000,000 place where we live, plus a condominium (flat) in Europe. I tried being a debt slave when younger, and this is dramatically better. We did use debt in the past to buy appreciating real estate, and may do so again, especially if am economic boom triggered by substantial tax cuts occurs. I started with nothing 26 years ago, and was barely abe to eat the first few months after I started my corporation.
Last edited by FStephenMasek; 09-24-2017 at 05:36 PM.
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09-24-2017, 10:48 PM
#8
Super Member
For most
Just pay cash for what you can afford. It is fun. The dealers do not believe it until you hand them the check. I prefer to buy new to get what I want, and to avoid the unknowns of used cars.
Even more fun is buying houses with cash. We've got 15 rental houses with a current value of $2,500,000 owned free and clear, plus the $1,000,000 place where we live, plus a condominium (flat) in Europe. I tried being a debt slave when younger, and this is dramatically better. We did use debt in the past to buy appreciating real estate, and may do so again, especially if am economic boom triggered by substantial tax cuts occurs. I started with nothing 26 years ago, and was barely abe to eat the first few months after I started my corporation.
Even more fun is buying houses with cash. We've got 15 rental houses with a current value of $2,500,000 owned free and clear, plus the $1,000,000 place where we live, plus a condominium (flat) in Europe. I tried being a debt slave when younger, and this is dramatically better. We did use debt in the past to buy appreciating real estate, and may do so again, especially if am economic boom triggered by substantial tax cuts occurs. I started with nothing 26 years ago, and was barely abe to eat the first few months after I started my corporation.
i would think this would be written off either whole or at least in part. Why use up cash on a depreciating asset?
Debt is but one of many financial tools. Just like Capital Gains are but one of many taxes..
09-24-2017, 11:30 PM
#9
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18-E63s, 16-GT3RS- 18-X5M
Just pay cash for what you can afford. It is fun. The dealers do not believe it until you hand them the check. I prefer to buy new to get what I want, and to avoid the unknowns of used cars.
Even more fun is buying houses with cash. We've got 15 rental houses with a current value of $2,500,000 owned free and clear, plus the $1,000,000 place where we live, plus a condominium (flat) in Europe. I tried being a debt slave when younger, and this is dramatically better. We did use debt in the past to buy appreciating real estate, and may do so again, especially if am economic boom triggered by substantial tax cuts occurs. I started with nothing 26 years ago, and was barely abe to eat the first few months after I started my corporation.
Even more fun is buying houses with cash. We've got 15 rental houses with a current value of $2,500,000 owned free and clear, plus the $1,000,000 place where we live, plus a condominium (flat) in Europe. I tried being a debt slave when younger, and this is dramatically better. We did use debt in the past to buy appreciating real estate, and may do so again, especially if am economic boom triggered by substantial tax cuts occurs. I started with nothing 26 years ago, and was barely abe to eat the first few months after I started my corporation.
Each to their own
09-25-2017, 02:41 PM
#10
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2018 E63S AMG
I have to admit I haven't looked into leases that much as I tend to buy and own for a long time.
But the few times when I did, it was really hard to get the dealer to give me a straight answer on the cost of the money. This was frustrating as an engineer and one who can do the math on interest, FV, NPV, etc and compare investments.
I could pay cash for the car I'm picking up in six weeks, but will not be doing so because I'm currently getting a better return on my current investments than the cost of using bank money.
Everyone needs to consider their own personal situation.
But the few times when I did, it was really hard to get the dealer to give me a straight answer on the cost of the money. This was frustrating as an engineer and one who can do the math on interest, FV, NPV, etc and compare investments.
I could pay cash for the car I'm picking up in six weeks, but will not be doing so because I'm currently getting a better return on my current investments than the cost of using bank money.
Everyone needs to consider their own personal situation.
09-25-2017, 11:53 PM
#11
Member
Thread Starter
I tough buying the Edition 1 is good idea since it is a limited edition and it will not lose value as much as the normal E63S.
In addition, the interests are very high for lease at least in Canada, we talking 5.9%. If I buy the car which is 170kish incl tax, I could save the 5.9% interest. (buying cash)
This way I would be able to keep the car for 5 years since the lease only allow 3 years.
Any thoughts?
In addition, the interests are very high for lease at least in Canada, we talking 5.9%. If I buy the car which is 170kish incl tax, I could save the 5.9% interest. (buying cash)
This way I would be able to keep the car for 5 years since the lease only allow 3 years.
Any thoughts?
