C63 Deals

[Bobby Dazzler]

Yes, £460 for saloon and £480 for estate was available for ages as a contract hire.

Gangnam007 if you really want a C63 why not look at an early model?

Your £10k deposit plus £200 per month could get you into an 2008-09 model if you sniff out the right one and then haggle hard.

Budget for a Mercedes Tier 1 warranty if you're worried about repairs on a car of that age, say £1500 if the mileage is less than 60,000 when you buy it.

 

[gIzzE]

I wouldn't put £10,000 down.

I would buy a 2012 car for £32000. Put down around £3000 leaving £29k to fund.
You could do that over 48 months with a balloon of £15k I bet.
At 6% apr that would be £400 a month.

Or if you have the cash, buy it outright, enjoy it for a year or two and keep an eye on prices, sell it when you have had your fun and not loose too much.

 

[paneraiseeker]

I wouldn't put £10,000 down.

I would buy a 2012 car for £32000. Put down around £3000 leaving £29k to fund.
You could do that over 48 months with a balloon of £15k I bet.
At 6% apr that would be £400 a month.

Or if you have the cash, buy it outright, enjoy it for a year or two and keep an eye on prices, sell it when you have had your fun and not loose too much.

I would put £10k down and borrow the rest from the bank. No balloon.

 

[gangnam007]

the monthly payments are just crazy money in my eyes to be paying as its the amount of a mortgage and there is no value in cars as they are a depreciating asset....i might wait for the new c63 amg to be a year old and then have a look next year how much the c63 performance model drops down to or the 507....

 

[Bobby Dazzler]

the monthly payments are just crazy money in my eyes to be paying as its the amount of a mortgage and there is no value in cars as they are a depreciating asset....i might wait for the new c63 amg to be a year old and then have a look next year how much the c63 performance model drops down to or the 507....

To be fair, £50k is a mortgage for some people, and you were talking about paying it off 5x quicker than the typical 25 year mortgage.

Sadly, cars which are expensive to buy are, err, expensive to buy! If they weren't then I'd have loads of them!!

An older one gets you most of the flash for a fraction of the cash. The C32 AMG I recently sold may be a generation older (W203) compared to a C63 AMG (W204) but you wouldn't notice the difference in performance, and petrol heads and those who know no better nodded in approval, despite being 10% of the cost.

 

[Vacationboy]

Never has the expression " champagne taste on a beer budget" been more apt

 

[gangnam007]

Best thing to do is get one how 95% of the others were 'bought'; wait until the new model is about a year old and then get one on HP once the demand has died down for the first few, the W204 C63 could be had for £500 a month (I even heard of £450?!) at one point.

i will take your advise - i am still looking but in no desperate hurry...thanks to everyone for advise and tips. I am definitely getting one but wait for the prices to dip..

what do you guys think the prices will be next year for a 62 or 13 plate next year?

 

[The _Don]

i will take your advise - i am still looking but in no desperate hurry...thanks to everyone for advise and tips. I am definitely getting one but wait for the prices to dip.. what do you guys think the prices will be next year for a 62 or 13 plate next year?

£5k + vat.

 

[gangnam007]

i know this is a silly question but i thought id ask people who are experienced with leasing cars - could you let me know whats the advantages of leasing a car than buying it cash? i know it may annoy some people with me asking but I would like to know more...

 

[JBD]

You'll generally pay less over the period, but you have no option to own the car.

 

[gIzzE]

i know this is a silly question but i thought id ask people who are experienced with leasing cars - could you let me know whats the advantages of leasing a car than buying it cash? i know it may annoy some people with me asking but I would like to know more...

Unless you want to keep the car for 15 years and 250k miles there is no advantage really, simply get into the car in the cheapest way possible.

Very few people buy a car and never sell it on, therefore simply look at all options and choose the cheapest.

You tend to get far better deals through leasing than you do buying, not only do you get all the dealer and manufacturers contributions, but you also get the fleet buyers discount as well, plus you can then get additional discount that the broker has negotiated.
Often the manufacturers will give certain deals to brokers that they do not allow on the sales side, they do this to get metal out there without showing a massive discount on their product, which would only annoy previous customers and mess the residual values up. By keeping ownership of the cars and renting them for 2-4 years they control the values when they are put back into the dealerships.

Contract Hire (Leasing) was designed for fleet buyers, but brokers bought into it and offered it to end users, because they have very small overheads they can make £20 a month on a new car, not possible when you own a main dealership with overheads running into the millions, and you don't even buy stock, you just set the deal up and take a chunk each month (and often a set up fee for brokering the deal). £20 a month is crap, but when you think some brokers have 500 or more cars out there with clients, it suddenly becomes a nice business.

So, take advantage of the discounts available through leasing, owning a newish car these days is a mugs game, or buying a new car cash that you know you will swap in 2-3 years is a mugs game anyway.

 

[gangnam007]

Unless you want to keep the car for 15 years and 250k miles there is no advantage really, simply get into the car in the cheapest way possible.

Very few people buy a car and never sell it on, therefore simply look at all options and choose the cheapest.

You tend to get far better deals through leasing than you do buying, not only do you get all the dealer and manufacturers contributions, but you also get the fleet buyers discount as well, plus you can then get additional discount that the broker has negotiated.
Often the manufacturers will give certain deals to brokers that they do not allow on the sales side, they do this to get metal out there without showing a massive discount on their product, which would only annoy previous customers and mess the residual values up. By keeping ownership of the cars and renting them for 2-4 years they control the values when they are put back into the dealerships.

Contract Hire (Leasing) was designed for fleet buyers, but brokers bought into it and offered it to end users, because they have very small overheads they can make £20 a month on a new car, not possible when you own a main dealership with overheads running into the millions, and you don't even buy stock, you just set the deal up and take a chunk each month (and often a set up fee for brokering the deal). £20 a month is crap, but when you think some brokers have 500 or more cars out there with clients, it suddenly becomes a nice business.

So, take advantage of the discounts available through leasing, owning a newish car these days is a mugs game, or buying a new car cash that you know you will swap in 2-3 years is a mugs game anyway.

Do you mind me asking do you lease at the moment?

I was looking at doing the lease option but can't seen any good deals on the c63 or e63...

I was looking at the range rover vogue but the amount of deposit they require is 10k and then you pay £700 a month and you won't even own the car - the 10k is a lot of money to put down on a car which you won't even own...

 

[Simon_M]

It's a Range Rover Vogue, probably 80k+ list price.

By paying 10K and £700 a month and they are letting you drive it away. you could pay no deposit but then the 10K would be added to the monthly payment price. Or you could pay a huge deposit and pay almost nothing per month.

Nothing is free in life, these lease deals help the MTV generation buys car they cannot afford right now or are not prepared to save up for. It also helps the manufacturer maintain demand and affordability despite pushing the prices up.

 

[gIzzE]

FFS!! It is a £90,000 car. Of course it is £10,000 down and £700 a month!

If you bought it cash and sold it in 3 years you would get around £40-45,000 back for it.
Therefore you would have lost £45-50,000 on it, or £1300-1400 a month.

But you never really own a car, and why would you want to own a new car, it is depreciating like nothing else, you want to be in a car for a certain length of time, you just need to work out the cheapest way to do that.
Lease deals are a good way to show you how much a car really looses, it certainly made me stop and think about how much I was wasting on cars.
If you see the £700 go out each month you might think "is this actually worth it?" I know it definitely makes me calm down a bit on buying cars.


No I don't lease at the moment, I wanted to lease a new BMW X3, I could have got one for £340 a month including vat with £2000 down.
There was a 12 month wait for a new one though, so I bought a 13 plate used with 32k miles on it which is costing me £315 a month and I had to put £3000 down.
The lease deal was far better, but I couldn't wait a year for a new one.

I was seriously considering leasing a new C350e Estate though, £270 a month plus vat for a £39,000 car. If I bought that Mercedes want £509 a month plus £5000 deposit, so shows how much money Mercedes are throwing at that car to get it out there, but only through leasing*.

*Leasing is the wring term, we are talking about Contract Hire here, leasing is buying the car over a set period at an agreed interest rate. Contract hire is hiring the car for a certain length of time and then giving the car back to the hire company.


You can't see any deals on the C63 yet as it is a brand new model and in demand. You could have got one of the last shape ones before xmas for £399 a month. You will be waiting a while now for the lease deals to get that good.

 

[gIzzE]

.....these lease deals help the MTV generation buys car they cannot afford right now or are not prepared to save up for.

I can't believe it has taken this long for the first ****ty comment.


Simon, if it is cheaper to lease a car than it is to buy it with cash, you would have to be a complete bell end to not do it that way. And why have £40, 50, 60 or 90,000 sat tied up in metal when you could be using someone else's money.

That is a really ignorant and archaic way of thinking.

 

[gIzzE]

I am just going to add to the above before Simon falls out with me big time, and say I do sort of agree with him.

The problem that Simon is pointing out, too many people earn maybe £3000 a month and then spend £500 or more on a car.

Look gangnam007, I always say that you should never have more than 5% of your take home income going out on cars, that includes your deposit, or 20% of your left over income each month, if you stick to that rule you should be OK.
Or, if you have a nice healthy bank balance think 'How much do I want to throw away over the next 3 -4 years?' because that is what we are doing with cars.

Sometimes we have itches that just have to be scratched, I get that, but once you have had a car for a few weeks and the honeymoon period is over they can start to annoy when you can see them hemorrhaging money.

Be realistic, the Rang Rover is loosing £1300 a month, that means the first £25,000 of your wage (before tax) is needed just to pay for the depreciation, if you do 15k miles a year, you then need to earn another £6000 to fuel it, and another £3000 to service it.

So to run a RR you need to write of the first £35k of your wages each year.

So, be realistic.

And this is the problem that Simon pointed out, people will see £700 a month and think 'Wow! I can just about afford that!' They don't sit down and do the proper maths.

 

[Simon_M]

No gIzzE, perfectly chilled here.

I think we agree, although you have put a nicer spin on it

The car depreciates by X over Y years, therefor somehow you will be paying X over Y years plus the interest for the full list price.

Finance is a huge part of the car industry now.

S

 

[gIzzE]

No gIzzE, perfectly chilled here.

I think we agree, although you have put a nicer spin on it

The car depreciates by X over Y years, therefor somehow you will be paying X over Y years plus the interest for the full list price.

Finance is a huge part of the car industry now.

S

Sorry, I reread my post after I put it, and although I put a smily I still came across as a bit of a tit! Hence the follow up post. Sorry.


I get where you are coming from with the MTV generation, but all cars are now priced based on financing to be fair. It has changed.
Ford said a few years back when there was talks of financing being stopped in house, to open up fair trading rules "We are now a finance company, finance is the product we sell, the cars are simply a tool to allow us to sell the product."
They were not the exact words but they were implying if the right to finance in house was removed there would be no more Ford.

You are almost penalised now if you want to buy a car with cash.

 

[gangnam007]

Be nice to know what everyone does for a living to own a c63 amg or any amg model....my self i own a shop and post office....

 

[PenelopePitstop]

You are almost penalised now if you want to buy a car with cash.

Looking at some dealer contributions and discounts you could get on top, it's definitely not worth paying cash in some cases.

Take finance, get contribution, pay off finance, go on with your life. In some cases it's not worth paying off finance because of heavy subsidising cars are "worthless" after a few years and market is flooded with certain models.