a few Questions for E63 Owners
02-22-2019, 08:27 AM
#1
Junior Member
Thread Starter
a few Questions for E63 Owners
Hello Everyone
I had a few questions and figured who might be able to shed some light better then other owners
--
Buy Vs Lease
What are you all seeing in the marketplace - in my search I am seeing that my payment on a 130K car is the same as a lease ( Of course New vs used is a +) I personally would not like to be married to the car, and give it back when done.
Benefit to the lease is that is that MBUSA assumes the risk of depreciation of the vehicle
Downside to the lease - 80K + to rent a vehicle over 48 months
--
Difference between 18 - 19 Models
I cant tell too much but have been told mercedes me recieved an update ?
Thoughts ??
--
Appreciate the advice
Pls go to last post for offers
I had a few questions and figured who might be able to shed some light better then other owners
--
Buy Vs Lease
What are you all seeing in the marketplace - in my search I am seeing that my payment on a 130K car is the same as a lease ( Of course New vs used is a +) I personally would not like to be married to the car, and give it back when done.
Benefit to the lease is that is that MBUSA assumes the risk of depreciation of the vehicle
Downside to the lease - 80K + to rent a vehicle over 48 months
--
Difference between 18 - 19 Models
I cant tell too much but have been told mercedes me recieved an update ?
Thoughts ??
--
Appreciate the advice
Pls go to last post for offers
Last edited by ItzmehBee; 02-23-2019 at 12:43 PM.
02-22-2019, 09:38 AM
#2
Junior Member
Lease: As you said, it is a matter of depreciation or "Future Value of Money." The key is actual depreciation rate vs. the assumed rate at time of lease. I chose to lease simply to make allow me to "give the car back" if there was a major upgrade in 3 years that would entice me to change.
MY18 vs. MY19 : MY19 added heated steering wheels which I did not get. The HUD became very difficult to obtain in MY19 for various reasons. I ordered but did not get the HUD.
MY18 vs. MY19 : MY19 added heated steering wheels which I did not get. The HUD became very difficult to obtain in MY19 for various reasons. I ordered but did not get the HUD.
02-22-2019, 10:12 AM
#3
Senior Member
At this point lease it. Because it's coming a face-lift model in 2020.
From my18 to MY19, there was an improved autonomous driving assistance based on the road map ahead and a new steering wheel
From my18 to MY19, there was an improved autonomous driving assistance based on the road map ahead and a new steering wheel
02-22-2019, 10:49 AM
#4
Member
I bought mine. I didn't want to have to deal with the limitations of a lease and figure if I want to "give the car back" in 3 years, I can just sell it private party or trade it in. Depreciation is going to be there regardless if you lease or buy, however if you lease it you're hoping that MBUSA's actuaries got the depreciation percentage wrong and you come out ahead. I don't know how often that happens.
02-22-2019, 04:08 PM
#5
Junior Member
Bought mine used but have had many leases over the years. One advantages of a lease is that you only pay sales tax on the portion you leased so in a 9% tax state like CA, you may save $5k+. Also, if your leasing through a business you can deduct the actual payment which is generally higher than the depreciation.
That said I planned on keeping my wagon for 5+ years so I choose to buy it outright.
That said I planned on keeping my wagon for 5+ years so I choose to buy it outright.
02-22-2019, 04:36 PM
#6
Super Member
I would say lease it since you will want to change it, I bought mine and will keep it for a long time. The E63 is one of my dream cars, I still have my w212 E350 with 96k miles and will have that around for a long time too. Will work on the engine at 100k and redo the interior. I have a W211 (2008) e63 wagon but that is a full blown rebuild/project I am working on and wont be done for another year. Back to the topic, I would just lease a used one and wait till the 2020 face lift. Or just wait it out until the face lift is out and just save money.
02-22-2019, 05:00 PM
#7
MBWorld Fanatic!
Bought mine used but have had many leases over the years. One advantages of a lease is that you only pay sales tax on the portion you leased so in a 9% tax state like CA, you may save $5k+. Also, if your leasing through a business you can deduct the actual payment which is generally higher than the depreciation.
That said I planned on keeping my wagon for 5+ years so I choose to buy it outright.
That said I planned on keeping my wagon for 5+ years so I choose to buy it outright.
Also, with the new tax law in the US, the lease vs buy “advantage” has been decreased significantly for a number of reasons.
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24Hours (02-24-2019)
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02-22-2019, 08:29 PM
#8
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80 K + to rent a car for 48 months is the wrong way to think about it
a 130 k E63 AMG is an expensive sedan that 99 % of population can't afford to buy , and have steep depreciation curve because of maintenance cost out of warranty , so the car will cost you close to 80 k whether you buy it or lease it , no one can predict accurately what will happen in 4 years
sometime you might come ahead leasing , sometimes buying but relative to overall picture the numbers are small
one advantage in my opinion of leasing is Carfax history... as a DD the chance of a minor accident is not small and any ding on car fax will hit you hard when trying to sell car privately or to a dealer ...
that by itself is a headache I would like to avoid
some people will tell you if the accident and repair is well documented , it will not affect resale , but I can tell you it will by 15-20 % depending on circumstance
with lease , you drop the keys and say goodbye
a 130 k E63 AMG is an expensive sedan that 99 % of population can't afford to buy , and have steep depreciation curve because of maintenance cost out of warranty , so the car will cost you close to 80 k whether you buy it or lease it , no one can predict accurately what will happen in 4 years
sometime you might come ahead leasing , sometimes buying but relative to overall picture the numbers are small
one advantage in my opinion of leasing is Carfax history... as a DD the chance of a minor accident is not small and any ding on car fax will hit you hard when trying to sell car privately or to a dealer ...
that by itself is a headache I would like to avoid
some people will tell you if the accident and repair is well documented , it will not affect resale , but I can tell you it will by 15-20 % depending on circumstance
with lease , you drop the keys and say goodbye
02-22-2019, 08:39 PM
#9
MBWorld Fanatic!
The Mercedes me update is significant. You can now download map updates for the GPS, for instance, but only if you have a '19. Love the new steering wheel thumb pads. You can control so much without taking your hands off the wheel.
02-23-2019, 01:46 AM
#10
Junior Member
Thread Starter
Wow .. Thank you for the feedback everyone.
I have narrowed it down to two cars at this point
18 - 122k MSRP car - 8k miles. $95k
dealer has offered to “certify it” non MBZ
but will cover a power train to 100k or 10 years
car does have mainly prepaid for 4 years and I am trying to track down if it has extended warranty
option 2
would be to lease a 19 model and have all of the perks of the software update.
Best at price I have found out there is 6% below MSRP
10k down @ 48 months 15xx per month before tax (10k miles per year)
02-24-2019, 11:00 AM
#12
Junior Member
Thread Starter
yes sir .... per my contact @ dealer the leases on AMG cars are so bad, it was a better value to go the longer term w the option to get out 6 up to months early (into another MB) of course.
02-24-2019, 12:09 PM
#13
MBWorld Fanatic!
Well, at this point I'd go with the new car. Why? The improvements , especially the distronic are enough to convince me in going to a 19 rather than an 18. plus it gives you more flexibility in 4 years of either buying it outright or letting the lease expire.
Last edited by rustybear3; 02-24-2019 at 02:56 PM.
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ItzmehBee (02-24-2019)
02-25-2019, 11:53 AM
#14
Former Vendor of MBWorld
We are like 50/50 lease vs finance.. not a big difference in payments depending on states...
02-25-2019, 02:58 PM
#16
Former Vendor of MBWorld
02-25-2019, 08:55 PM
#17
I bought mine. I didn't want to have to deal with the limitations of a lease and figure if I want to "give the car back" in 3 years, I can just sell it private party or trade it in. Depreciation is going to be there regardless if you lease or buy, however if you lease it you're hoping that MBUSA's actuaries got the depreciation percentage wrong and you come out ahead. I don't know how often that happens.
02-26-2019, 12:08 AM
#19
Member
I think what he means is that if you buy the car and happen to get into an accident that the resulting carfax report would make it difficult to sell the car without discounting it significantly. Alternatively if you were to have the same accident while leasing it, the ability to return the car at the end of the lease makes it so that you don’t incur any additional loss.
02-26-2019, 12:31 AM
#20
Junior Member
Thread Starter
02-26-2019, 10:51 AM
#21
Lease scenario. In any case, have gap insurance. You're going to be underwater the entire time during the lease period on a car unless it's something like a 911 gt3.
1. Lease for the term, return it at end.
2. Lease for the term, buy it at the end.
2a. Lease rate is lower than finance rate + spread out sales tax over a longer period of term.
2b. Leasing company takes the risk of an unfortunate incident. Chance to negotiate a lower purchase price after lease return. No manufacturer dealer would want to be selling a e63 with an accident history. At wholesale it's going to be a lot lower price as well. Example; there was a designo '16 e63s wagon with like 10000miles up here that sat for more than half a year due to an accident history. Who knows where that finally ended up.
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tonecas (02-26-2019)
02-26-2019, 11:08 PM
#22
Junior Member
Thread Starter
I am still torn but leaning twords the new vs used route - just in my exp with AMG cars depreciation factors and its not as the 63's are limited production cars (Wagons Excluded)
