C63 Coupe "Soup to Nuts"

[Dieselman]

What balloon? It's on a lease...end of contract, bye, bye car.

 

[st4]

Exactly. Although the balloon may be less than the value.

It rarely is. It's geared to give the customer the impression of a good deal whilst forcing them to take another car as paying off their one will cost more.

An HP on a C63 will be £1500pm, agility half that. Customer pays 50% less and therefore it's more accessible to more people as its cheaper and you force these people in three years time to make a decision, pay balloon, or buy another or refinance to pay balloon.

HP or cash buyer doesn't need to do a thing.

 

[Dieselman]

Either way.....he should still want to take care of it or he might get stung by MB for damage on hand back. My agility has £25k at end of 3 years so I expect some equity to move across

Don't go worrying about the equity at the end, the car won't be worth that much.
Finance residuals are set deliberately high to make the punter take a new lease, not buy the car.

 

[Dieselman]

It rarely is. It's geared to give the customer the impression of a good deal whilst forcing them to take another car as paying off their one will cost more.

An HP on a C63 will be £1500pm, agility half that. Customer pays 50% less and therefore it's more accessible to more people as its cheaper and you force these people in three years time to make a decision, pay balloon, or buy another or refinance to pay balloon.

Yee-ha...Round 'em up cowboy...

 

[simonc63]

Don't go worrying about the equity at the end, the car won't be worth that much.
Finance residuals are set deliberately high to make the punter take a new lease, not buy the car.

I'll take my chances, I got 25k for my 57 plate e92 M3 which was 5 years old so I reckon £30k is realistic on a 3 year old car with less than 30k on clock. Tap me up in 2015 and you can have it for 31k ;-)

 

[st4]

Either way.....he should still want to take care of it or he might get stung by MB for damage on hand back. My agility has £25k at end of 3 years so I expect some equity to move across

Mb will only sting you for learning wheels, dents and interior scuffs. No need for getting a nancy boy detailer for £500 to save that on charges as unless it's damaged it'll be fine.

At £25k I'd not expect equity to move accross, there'll be a discount or finance inventive on your next one, you can't get them to discount twice. Your expecting almost 50% of your money back on a 6litre petrol car being PXd at a dealer. Good luck, I hope im wrong but I think there'll be no equity for you unless they really need to shift you another

 

[Dieselman]

I'll take my chances, I got 25k for my 57 plate e92 M3 which was 5 years old so I reckon £30k is realistic on a 3 year old car with less than 30k on clock. Tap me up in 2015 and you can have it for 31k ;-)

I think the volume these are being put out at means they will see significant falls in residuals.
There are 2,000 of them already registered and the chart line is going vertical compared to what it was three years ago.

 

[seven]

Sort of like buying a house then. Buy a house for 200k, pay a mortgage for 25 years and it's cost you double.

 

[d w124]

Enter troll no.2

Have you nothing better to do Simon,no local slags left for you to chase

 

[Dieselman]

Sort of like buying a house then. Buy a house for 200k, pay a mortgage for 25 years and it's cost you double.

Apart from the point that the house will be worth triple...unlike a C63.

 

[Dieselman]

Have you nothing better to do Simon,no local slags left for you to chase

They've all rumbled him...He was more interested in banging on about his C63 than he was in banging them.

After a few trips of driving up and down the street calling "Look at me in my C63." they went home to watch some paint dry.

 

[st4]

I'll take my chances, I got 25k for my 57 plate e92 M3 which was 5 years old so I reckon £30k is realistic on a 3 year old car with less than 30k on clock. Tap me up in 2015 and you can have it for 31k ;-)

In 2015 it won't be a current shape. The W205 will be out and the lease deals on the first of the new models will be good as it comes off lease and it's still a current car.

W205 will be hopefully a biturbo v8. Like yours but more low down torque.

 

[BigSilverEstate]

I have always paid cash for cars and will never own a C63 but I am still offended by this nonsense. The cost of owning a car is what you pay at the beginning, less what you get back at the end, plus the cost of financing the cash outlay. A sensible buyer will try to make this cost the lowest possible based on his planned term of ownership and sources of finance available to him, End of. Any timing differences in when the cash flows happen are just that, timing differences.

PCP and lease buyers of new cars assume all the responsibility of ownership and although they aren't fully exposed to market prices at the end of the contract they do get penalised if the car is in poor condition so there is no substantive difference compared with paying the full value up front and then trading in after three years.

 

[simonc63]

Apart from the point that the house will be worth triple...unlike a C63.

Good luck buying a house thats worth triple in this day and age.

 

[seven]

Apart from the point that the house will be worth triple...unlike a C63.

That's absolute rubbish and you know it.
Anyway I don't think we should hijack OPs thread.

 

[st4]

They've all rumbled him...He was more interested in banging on about his C63 than he was in banging them.

After a few trips of driving up and down the street calling "Look at me in my C63." they went home to watch some paint dry.

Shame. A detailer could come round to clean off the gullers residue after Si pumped a local slag in the boot of his c63.

Detailers are good at getting even the worst stains out the seats and carpets. Perfect for hiding up ones dogging to her indoors

 

[Dieselman]

Good luck buying a house thats worth triple in this day and age.

Just like a good joke, it's all about timing. I reckon this mud hut I live in will be worth triple, it's already touched that and fallen back a bit and there's a long time to go yet.

 

[simonc63]

Mb will only sting you for learning wheels, dents and interior scuffs. No need for getting a nancy boy detailer for £500 to save that on charges as unless it's damaged it'll be fine.

At £25k I'd not expect equity to move accross, there'll be a discount or finance inventive on your next one, you can't get them to discount twice. Your expecting almost 50% of your money back on a 6litre petrol car being PXd at a dealer. Good luck, I hope im wrong but I think there'll be no equity for you unless they really need to shift you another

I will go to a different car company, better deal. Same as selling the Beemer to MB this time around. 3 years time ill go back and sell the MB on for a new M3 and around and around we go. Cars are depreciating assets and most people are aware of this. I don't know many people who drop 50-60-70k+ on a motor each time. I'd rather let my interest pay my monthly 'rental'.

I like cars and it comes at a cost (as the misses likes to remind me).

 

[st4]

I will go to a different car company, better deal. Same as selling the Beemer to MB this time around. 3 years time ill go back and sell the MB on for a new M3 and around and around we go. Cars are depreciating assets and most people are aware of this. I don't know many people who drop 50-60-70k+ on a motor each time. I'd rather let my interest pay my monthly 'rental'.

I like cars and it comes at a cost (as the misses likes to remind me).

This is why these finances packages suit, as you are driven into a BMW a BMW pilot is pushed into MB.

It's a great method of shifting new cars, say you really liked that C63 and didn't want to change it, you could just keep it, but the agility forces your hand into doing something or paying out more to keep it, assuming you refinance it at the dealer you pay finance on the original balloon which you paid interest on in your PCP.

Ps look under total payable vs list price. Unless the dealer really incentives PCP it's very expensive.

 

[mika]

dont feed the trolls....