Best C63 deal

[Dappa]

Well I've test drove the M3 and the C63 and the MB won hands down. Just need to decide colour and spec and put pen to paper so to speak. Im looking to get this through my business on a 2 yr contract hire. Ive been trawling the internet and there are deals for about £550+vat month was just wondering if anyone has noticed any better deals. I did notice one thread that stated that the guy had seen a deal for about £460.

 

[Firthy]

Hi Dappa,

I will be watching your thread with great interest. I too am up for a c63 but would probably go with the PP if l can find a good deal on contract hire.

 

[RichardM]

You haven't said if its coupe, saloon or estate you want? Here are a couple.

Coupe:
Mercedes C Class Coupe C63 AMG 2Dr Coupe Contract Hire
Mercedes-Benz C-Class Coupe Car Leasing - Mercedes-Benz C-Class Coupe Lease & Contract Hire

Saloon:
Mercedes-Benz C-Class Saloon Car Leasing - Mercedes-Benz C-Class Saloon Lease & Contract Hire

Also have a search on Car leasing | Contract hire | Van leasing

 

[Dappa]

Sorry, its a coupe that I'm looking at. Thanks for the links, I'll drop them a line tomorrow and see if they can supply a quote.
Just out of interest how do these companies supply a UK car from a MB dealer for less than the MB dealer can do the car for or am I missing something guys

 

[RichardM]

Bulk discounts and high turnover. Mine came through the corporate department of a main dealer. I'm sure even that same dealers showroom wouldn't have been able to match it.

 

[JonMad]

Saloon:
Mercedes-Benz C-Class Saloon Car Leasing - Mercedes-Benz C-Class Saloon Lease & Contract Hire

Personal lease £618/month with 3x£618 deposit = £16686 over 2 years. How much are these likely to depreciate in that time if you bought a new one? Low mileage 2010 cars seem to be < £40k on PH.

I expect this has been discussed a few times

 

[st4]

Personal lease £618/month with 3x£618 deposit = £16686 over 2 years. How much are these likely to depreciate in that time if you bought a new one? Low mileage 2010 cars seem to be < £40k on PH.

I expect this has been discussed a few times

Mb brooklands have a ten plate E63 for sale for 47k. Don't think it's done 4k miles. That's got to be worth a punt

 

[RichardM]

Personal lease £618/month with 3x£618 deposit = £16686 over 2 years. How much are these likely to depreciate in that time if you bought a new one? Low mileage 2010 cars seem to be < £40k on PH.

I expect this has been discussed a few times

Also consider if you bought a new or slightly used model on finance it would cost you loads in interest.

 

[DJM]

Hi,
Can someone please tell me the difference in buying a car on say a 2 year deal from a leasing company compared to going direct with MB?
I'm thinking of changing my motor for a C63 at some point but the leasing company deals sound almost too good to be true??? Why do they require such a small deposit?
I change my cars fairly frequently so maybe buying through a leasing company would be a good move...
Any advice would be appreciated, David

 

[RichardM]

You may find the lease deal through a company are actually Mercedes Agility and they are just acting as a broker so in that case there is no difference. That's what mine was and I know Mark said his C63 was the same. They were advertised as lease deals but are actually PCP with Mercedes finance where you own the car with a guaranteed future value. It doesn't really make any difference to a private individual.

If you do change your car frequently be aware that with a lease you are tied in for the duration of the contract.

 

[DJM]

Thanks RichardM!
What is the criteria for getting a car through a business and is it a better deal in the long run compared to personal? I own my business but I'm not a limited company as of yet - I am VAT registered though.
Any thoughts people?
Cheers

 

[Red C220]

Thanks RichardM!
What is the criteria for getting a car through a business and is it a better deal in the long run compared to personal? I own my business but I'm not a limited company as of yet - I am VAT registered though.
Any thoughts people?
Cheers

Lease it privately and charge your business a mileage allowance.

If you lease this through your business you will be able to reclaim 50% of the VAT but the Benefit in kind tax will be more than the monthly lease payment on the car.

Run it through here:-

Comcar Company car tax calculator and guides

Assuming you're a 40% tax payer, which would be logical if you're considering a C63, then you would pay in the region of £650 per month in BIK tax to be provided this vehicle through your business.

On top of this your business would have to pay employers national insurance contributions on the car, plus as the car is leased to a business, the business will have to insure it making the insurance circa twice the price of private motor insurance.

So add this to the lease costs and you're likely to be paying in the region of £1200 per month or more.

If your business is providing private fuel that will increase further.

So you can see, the benefit of being able to claim back 50% of the VAT is more than outweighed by what you'd have to pay in personal tax.

 

[acej]

Lease it privately and charge your business a mileage allowance.

This is the way forward. How many miles do you do?

 

[Mr Jadefox]

If I am a sole trader (not VAT registered) and don't do massive mileage (7,000 a year about half business) is there much benefit in leasing via the business?

I was thinking if I am fairly low mileage, I'd be better off charging the costs of the lease, rather than the 45p a mile?

 

[DJM]

Lease it privately and charge your business a mileage allowance.

This is the way forward. How many miles do you do?

Over the past year I've only done about 12,000 although work could change at any point and it could increase...the problem is I never really know my mileage per year because work is not fixed. I may consider getting a c63 and then get a cheap runaround to clock up the miles with???
I'm just not sure whether I would get a better deal through MB or a leasing company...I would prefer a 2yr deal if possible.
Cheers, David

 

[acej]

If you take a personal lease the government guidelines are as follows for mileage claims which you can charge back to your company.

Car For tax purposes: 45p for the first 10,000 business miles in a tax year, then 25p for each subsequent mile
For NICs purposes: 45p for all business miles

So get a cheap 2l plus diesel claim 45p a mile and use the balance for a personal lease if the c63 is what tour after.

 

[Red C220]

A few years back some of these lease deals were available to business only, you simply couldn't get a private lease anywhere near that rate. However things are very different now.

Even back then, I would lease through my Limited company to get the deal, but I would personally pay that back into the company and run the car as a private vehicle to avoid the punitive BIK taxes - all quite legitimate.

There is absolutely no advantage whatsoever to providing yourself with a company vehicle these days unless you do lunar mileage and the vehicle is sure green (Toyota Prius or silly electric thing).

Any other situation you are better off buying/leasing privately and charging the business for the relevant use.

 

[Red C220]

If I am a sole trader (not VAT registered) and don't do massive mileage (7,000 a year about half business) is there much benefit in leasing via the business?

I was thinking if I am fairly low mileage, I'd be better off charging the costs of the lease, rather than the 45p a mile?

As a non vat registered sole trader you wouldn't qualify for a business lease.

You need to be a Limited company or VAT registered as a minimum qualification (or it certainly used to be when I leased).

In the days when these super deals were only available to businesses it might be worth considering, but these days any member of the public can pretty much match fleet rates with a bit of shopping around.

Keep it private, it will save thousands in tax payments.

 

[DJM]

Do you think MB would match any of the leasing deals at a 2yr term?

 

[Red C220]

Do you think MB would match any of the leasing deals at a 2yr term?

Unlikely, but you don't know unless you ask. Ordering close to quarter end sometimes provides some deals for those looking to make their numbers up.