C63 End of Term

Discussion in 'General Discussion' started by Khamen, Apr 6, 2014.

  1. Khamen

    Khamen Hardcore MB Enthusiast

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    Car:
    C63 AMG Coupe
    Hi folks

    I stopped updating the "Soup to Nuts" thread (which was intended to the diarise day-to-day experience and costs of running a C63 Coupe as an only car from new), due to some snippy comments from the more ambivalent of the regular posters. Said thread is now closed, but here is the sign-off report. As of next week "Brunhilde" will be moving to a new home.

    So, the stats:

    Length of ownership : 24 months
    Total mileage : 19,784
    Overall MPG : 19.8
    Running Costs ex fuel : tyres (2 x new rear sets, 1 new front set) £1370, servicing (2 services) £840, oil and consumables : £160, RFL £490, insurance £840(2 years)
    Cost new : £62,797
    Trade-in Value : £35,500
    Depreciation : £27,297
    Speeding tickets and court bills : £60 (just one!)

    Biggest overall expense was of course fuel. As super unleaded is the norm you can easily cater for £300-£400 a month. On some journeys you can almost see the fuel gauge creeping down in real time! A friend with same model gets a tiny bit better return than me but does more motorway miles (even then his is below 21)

    A note on tyres. I pushed the original set way too far (nearly 10k from the rears!) and the car's handling suffered hugely. In reality you should figures on an extra set front and rear on what I have above. Call it 6-7k on the rears (yes really!). REALLY worth shopping around too - national chains were looking for £600+for a pair of rears, my local tyre guy did rears at £440 and a pair of fronts £290

    So what about ownership?

    Well here's the thing. I love my AMG, but part of me is terrified of it. It is a bit like having a pet tiger - undeniably awesome, impressive and enthralling, yet at the same time hard to get completely comfortable with having around.

    I regret not keeping the old thread up to date, as we've had some adventures over the past couple of years, but maybe I'll try again with the replacement.

    Suffice to say the C63 coupe is too fast, the ride too harsh (noting the current state of our roads) and tyre noise intrusive. It drinks like Oliver Reed, goes through rubber like acid and the alloys are almost impossible not to graze due to the ultra-low profile tyres. BUT...

    When you settle into those superb seats, fire up that awesome V8 and hit the loud pedal the adrenaline rush reminds you why you love this car. If you are lucky enough to experience the power and aggression of a 6.2 AMG then you must take it, although a healthy level of respect is appropriate.

    It's been a wild ride and unbelievably good fun. Time to settle down into something a bit more leisurely. Next Saturday I pick up my new SL350 for a change of pace and style. Also, despite being a more costly car to buy, it should be about £300 a month cheaper to run (insurance, road tax and ofc fuel use are all less). Depreciation may not be quite so pretty

    Brunhilde was MegaDeath, I think the SL should be more like Frank Sinatra...

    Cheers
    K
     
    34 people like this.
  2. Hitman999

    Hitman999 Hardcore MB Enthusiast

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    Thank you for sharing. Great write up.
     
    1 person likes this.
  3. MD5

    MD5 Hardcore MB Enthusiast

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    A great sign-off, K. I remember when you started the soup thread (a pity about the detractors), and can't believe that was two years ago. A bit sickening to see £27k disappear in what now appears to be a heartbeat!

    I hope you enjoy the SL - I just hope you don't regret not going the V8 route with a 500!! Either way, I know I couldn't ever be without a convertible in my life.
     
    1 person likes this.
  4. Mike Walker

    Mike Walker Hardcore MB Enthusiast

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    Ignore the "well poisoners and ne'er do well's" that is agreat write up.
     
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  5. blue gnome123

    blue gnome123 Hardcore MB Enthusiast

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    Great write up and it really shows how leasing is a better option (rather than buying outright) for high cost new cars due depreciation. All your other costs look relatively minor compared to the depreciation. I guess that you could have almost halved? the ownership costs with a lease?

    Glad to see though that you had a ball of a time in it :)
     
    1 person likes this.
  6. Bobby Dazzler

    Bobby Dazzler MB Club Veteran

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    I'llne interesting to read about your new SL. Enjoy!
     
    1 person likes this.
  7. c63chris

    c63chris Hardcore MB Enthusiast

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    Great write up and thanks for sharing. It's a shame you didn't keep the original thread going. Just ignore the silly posts. Be interesting to see how you get on with the SL350. I went from a C63 to a C350 CDI for the same reasons you point out and am now back in an AMG. The SL will be a great car though :)
     
    1 person likes this.
  8. OP
    OP
    Khamen

    Khamen Hardcore MB Enthusiast

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    Car:
    C63 AMG Coupe
    I sure did have a ball (most of the time anyway!)

    You are right about the lease vs buy analysis too. The lease costs + original deposit of running the car for 2 years was actually around £5k less than the depreciation alone. The cars are actually selling now for around £40k retail, so you could argue the dealer kept £4-5k of the theoretical equity as their profit on resale but I have no issue here - they are taking the resale risk and I had nothing extra to pay to settle off the finance.

    I know there are strong opinions on the boards about "rental cars", but with 20 years of asset finance experience behind me, the one thing I have learned is not to put my cash into a very rapidly depreciating asset.

    K
     
  9. edstrom76

    edstrom76 Hardcore MB Enthusiast

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    I absolutely agree. Unless one wants to be "old-fashioned" about it and keep the car for >4 years.
     
  10. blue gnome123

    blue gnome123 Hardcore MB Enthusiast

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    Well according to Paul Getty, “If it appreciates, buy it. If it depreciates, lease it.” isn't a bad mantra! He did alright for himself.

    My S212 was 5months old and had about £20K in depreciation (on list price) when I bought it....... so there are a few exceptions.

    I'm not too bothered about new cars, but if I did I'd go for the lowest overall cost option and leasing is probably it.

    Please update us on your SL350 ownership in the coming months
     
  11. Simon_M

    Simon_M Hardcore MB Enthusiast

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    Thanks for taking the time to write this up.
     
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  12. rosino

    rosino New Member

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    Car:
    Porsche 911 GT3
    I might be missing something here.. but how is leasing the car going to save you any money ? I just see the cost of financing being added to the depreciation of the car...

    Unless the guaranteed future residual they offer you is higher than the value come time of resale at the end of the contract. But that's pretty much never the case ? Or was it with C63 AMGs ?

    Had a look at the new C63 for example.. the finance offer is attractive with a low rate.. and associated discount. But can't think that in the end you will be better off by having finance taken out..

    what am I missing here..
     
  13. PenelopePitstop

    PenelopePitstop Hardcore MB Enthusiast

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    If total cost of lease is lower than depreciation, than it's better option. You hand back car and don't care about value at the end of term.
     
  14. RJ C63

    RJ C63 Hardcore MB Enthusiast

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    Car:
    C63 Saloon
    Nice write up cheers
     
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