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Q: Own vs. Lease?

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Old 08-24-2020, 04:14 PM
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Q: Own vs. Lease?

How many people on here own and how many lease their W213 AMGs?
Been reading here for a long time, and gather that there are many more leasers than I had thought. Any ideas on ratio?
Just curious.
Old 08-24-2020, 05:15 PM
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go fast grocery getter wagon
Owned and paid cash. No finance.

i don’t want to pay sky high mb interest rate of 5.99% and I have the flexibility of when to get a new car (not tied up to any lease obligation)
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Old 08-24-2020, 06:19 PM
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2021 AMG GLE 63s Coupe AMG GLC 63s Coupe
Own paid cash, at least when the depression starts I won't owe the bank.
Old 08-24-2020, 06:26 PM
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2018 E63S AMG
Owned, financed half then paid off that loan in a few months when other investments were ready to cash out.

To date I've never leased a vehicle. Tend to buy and hold for quite a while.
Old 08-24-2020, 06:38 PM
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Old 08-24-2020, 07:17 PM
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2019 E63S, 2014 GL550
Own and financed. Got 20% off a brand new 2019 which had been sitting on the lot for quite some time and 2.49% financing. With that deal, I am actually paying less than I would have on a lease of another, similarly optioned, new E63S.
Old 08-24-2020, 08:59 PM
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2018 W213 E 63 S AMG Sedan
leased

have no clue why anybody would own these cars

my lease started clean

if you take my lease payout compared to the kelley bluebook, mercedes financial is going to take a $20k bath

$1,800-$2,200/mo lease, $0 down other than inceptions/tax/tag/title

36 months, say bye, get something new. more like 33 given some pullahead from dealers. even less if you take over somebody's lease with only 12-21 months remaining on swapalease
Old 08-24-2020, 09:01 PM
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2018 W213 E 63 S AMG Sedan
Originally Posted by bobblehead
Owned and paid cash. No finance.

i don’t want to pay sky high mb interest rate of 5.99% and I have the flexibility of when to get a new car (not tied up to any lease obligation)
aren't you technically inflexible because you are almost permanently upside down until about 36 months when the depreciation curve flattens out, even if not longer?
Old 08-24-2020, 09:13 PM
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2019 E63 S
Owned. Financed with bank of america. Their car loans are MUCH lower than MB Financial. 2.64 percent APR for $95K loan (I have credit score over 810).

BOA is always the ranked major bank for car loans. I did the research. Have used them on multiple car loans and refis.

Leasing makes little sense with AMGs unless you can get a business deduction. Unlike BMW with its M cars, Mercedes really does not like to subsidize its AMG leases usually.
Old 08-24-2020, 09:28 PM
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M8 convert + model Y
owned. Paid cash because I like to be independent in my decisions as much as possible.
Old 08-24-2020, 10:59 PM
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W213s
Hoping to own . Never lease . Paying cash every month. Loving to give MBFS some business. LOL .
Old 08-24-2020, 11:08 PM
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Own.
Old 08-25-2020, 12:18 AM
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19 E63s, 23 M3 compX, B9 SQ5
Owned. I put way to many miles on my cars to lease.
Old 08-25-2020, 06:56 AM
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2019 E63S Wagon
Own

Own and paid cash. Have never leased.
Old 08-25-2020, 08:00 AM
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I do not see any saying they buy used?
Old 08-25-2020, 08:02 AM
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Originally Posted by ygmn
I do not see any saying they buy used?
That wasn't the question put forth.

I'd prefer to buy it too......makes me feel like I actually own it instead of the bank or some random policy.
Old 08-25-2020, 08:09 AM
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Originally Posted by hyperion667
That wasn't the question put forth.

I'd prefer to buy it too......makes me feel like I actually own it instead of the bank or some random policy.
But should have been as many feed off the lease returns at dealers for the CPO car and one hell of a price.
Old 08-25-2020, 08:24 AM
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18 E63S, 22 etron GT
Own as well. I came from many BMW M's, which I would lease all day.
Old 08-25-2020, 08:32 AM
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go fast grocery getter wagon
Originally Posted by MuffinFlavored
aren't you technically inflexible because you are almost permanently upside down until about 36 months when the depreciation curve flattens out, even if not longer?
perhaps .... for sure, I would do my homework in advance to figure out the $ I would lose for trading in before actually doing it. If I were to lease it, then I would have to put it up for lease takeover sites that I need to entice new owner by giving big incentive (perhaps 2-3 months of payments) + I am paying lease transfer fee + inspection cost as well.

If the math does not seem logical, then I have the flexibility to keep the car until there is a point of time that I would like to get something else. Again, I am not tied up to a lease.

Leasing may work if you can expense it to your business or your employer provided you with some sort of car allowances.

Last edited by bobblehead; 08-25-2020 at 08:45 AM.
Old 08-25-2020, 08:42 AM
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No more MB:(
AMG's don't lease well. I've always bought mine.
Old 08-25-2020, 09:00 AM
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We have always leased through our LLC. There are great tax advantages to leasing for us. But I must say that at the end of all of our leases, the value of the car was considerably less than the residual value. We have also used MSD's to reduce the money factor which has significant impacts on the rate.
Old 08-25-2020, 09:25 AM
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E63S Wagon
Own outright. There are a lot of ways to get one of these cars in your garage...and they all require shoveling a good chunk of dough into the furnace.



Old 08-25-2020, 09:47 AM
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Originally Posted by sgawiser
We have always leased through our LLC. There are great tax advantages to leasing for us. But I must say that at the end of all of our leases, the value of the car was considerably less than the residual value. We have also used MSD's to reduce the money factor which has significant impacts on the rate.
I've leased a bunch through the business as well but never an AMG. I purchased the G63 under section 179 and accelerated the depreciation which was significant.
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Old 08-25-2020, 11:02 AM
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Originally Posted by sgawiser
We have always leased through our LLC. There are great tax advantages to leasing for us. But I must say that at the end of all of our leases, the value of the car was considerably less than the residual value. We have also used MSD's to reduce the money factor which has significant impacts on the rate.
mee-too
Old 08-25-2020, 12:01 PM
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2012 CLS63
I'm not a business man, but how do businesses get to lease cars? For a better rate not available to non business owners? Just curious.


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