Calling on W212 E63 owners

[cpd1]

Hi all,

Long time reader, (very) occasional poster. Love the forum.
Amazed by the popularity of the C63 but not many post of W212 E63 owners...
Couldn't resist the current E63 deal, had looked at one early last year but prices were too close to list.
Fast forward a year an impending new engine (September is the latest I heard from dealer) and MB VERY keen to shift current model, I closed the deal 2 weeks ago on an E63 estate...Delivery early June.
Any owner out there willing to share their experience? Depreciaition is undoubtedly going to be brutal but then again the PCP has 50% residual after 3 years...
Probably would have been the wise choice to wait for 5.5 TT engine, but the current engine is amazing if a bit on the thirsty side Plus not sure MB would be offering the current deal.
Looking forward to hear from the wise owners out there.
Thanks

C

 

[st4]

Nice one, welcome to the forums. I for one think you made the wise choice. I am not having a go at c63 owners, as that is a belting car too, but my own money would probably go on the larger car.

A big thumbs up from me.

Where is Andy, Ben and the others....

 

[C240Sport97]

and MB VERY keen to shift current model, I closed the deal 2 weeks ago on an E63 estate...Delivery early June.:bannana:

what colour and spec?

how good was the deal?

 

[bpsorrel]

Oooh!!! A lovely car! Well done!

 

[cpd1]

Thanks guys, I was quite psyched post test drive, the noise is unbelievable but at the same time the car is very civilized and massively practicla in estate forms.
Can be very comfortable too with the C settings and then a complete best at the push of a button...

what colour and spec?

how good was the deal?

Obsidian Black/Designo Sand, nothing too crazy as it is fully loaded as standard but still managed to add an extra £10k
luxury pack/HK/DAB/ventilated/dynamic seats and few other things

As for the deal, got the current deal plus meaningful further discount for a custom built car...

 

[Alps]

lovely car...pics please!!

well done

 

[The Boss]

nice one.. u have a cracker of a car.. id love an AMG one day.. and the estate, as Barry will undoubtedly agree, is a better looking car than the saloon..

well done!

 

[cpd1]

Thanks guys.
Still surprised that there are are 21 owners so far of C63 but no E63 owner on the board? Can'T imagine that's correct, guess they are all out driving their E63s

 

[mika]

Nice one, welcome to the forums. I for one think you made the wise choice. I am not having a go at c63 owners, as that is a belting car too, but my own money would probably go on the larger car.

A big thumbs up from me.

Where is Andy, Ben and the others....

Hi ***

I think you are right i have had a couple of E classes which i liked very much
and now have a C63, its brilliant brutal and has everything i could want for in a drivers road car
but...
the E63 i guess would be just that bit smoother less brutal and almost as rewarding to drive, i am advised by my better half that the c63 is not as comfy as she would like...
still im just a poor C63 driver maybe it'll stretch to a E63 one day
the 6208 engine is superb and feel a deal on that model would be very tempting v the new 5.5

Big welcome to CPD 1

 

[Bits G]

Thanks guys.
Still surprised that there are are 21 owners so far of C63 but no E63 owner on the board? Can'T imagine that's correct, guess they are all out driving their E63s

I will be joining you with a saloon in about 6 weeks

 

[Palmball]

Hi cpd1 and welcome!

Well, the E63!....after 2 C63's I was very nearly the first mbclub member owner of an E63 a few months ago (I had a deposit down on one!) but in the end bottled it and bought a 911 Turbo instead. All I can say now is that the decision to buy the Porsche, whilst something I've now got out of my system, was probably not right for me as I'm changing it for something else this week!

The other thing I can say is that the E63 that I had on test drive for a day (back when I was going to buy one) was the single best car I've driven and that still stands now. It's an incredible machine and probably the worlds best all-round car (until the new CLS63 AMG is available) for being able to combine performance with refinement. You probably don;t see many E63 drivers on here (or anywhere for that matter) due to the fact that C63's also come with some good incentives and they're depreciation curve is a lot less severe, thus making them a lot more affordable.

It sounds like you've got a great deal - one of the main reasons I pulled out of the E63 in the end was the deal that the dealer offered me at the time just wasn't quite strong enough to justify the inevitable depreciation but I believe the incentives have got even better since January.

Also, great colour combo - it's no secret on here that I'm not a fan of all-black interiors and your choice of Designo sand leather would have been my preference! Well done in going for something other than the black or grey that they offer as standard

 

[Dieselman]

one of the main reasons I pulled out of the E63 in the end was the deal that the dealer offered me at the time just wasn't quite strong enough to justify the inevitable depreciation but I believe the incentives have got even better since January.

Sorry to be a bit thick here, but I don't understand that comment. Presumably you would hand the car back at the end of the contract term so why is the depreciation an issue to you, that's the finance companies problem.

Or do you mean they correctly anticipated the depreciation to be significant so set the monthly payments high as a result?

Back to the O/p. I would choose the E63 over the C63, it just exudes more class and taste.

 

[st4]

Sorry to be a bit thick here, but I don't understand that comment. Presumably you would hand the car back at the end of the contract term so why is the depreciation an issue to you, that's the finance companies problem.

Or do you mean they correctly anticipated the depreciation to be significant so set the monthly payments high as a result?

Back to the O/p. I would choose the E63 over the C63, it just exudes more class and taste.

I think Andy ends PCP deals early so he wants not to have a shortfall to make up.

I think the E class chooses you Will, can you even fit in a C class.

 

[st4]

still im just a poor C63 driver maybe it'll stretch to a E63 one day
the 6208 engine is superb and feel a deal on that model would be very tempting v the new 5.5

Big welcome to CPD 1

Only in the eyes of dhard, but his view is not important.


Its good mrs Mika finds C63 uncomfortable. Means she

a) wont drive it
b) wont want to travel in it meaning you can enjoy the car in peace.

 

[cpd1]

Thanks guys for the good words, much appreciated!

I will be joining you with a saloon in about 6 weeks

Happy days! Small start for the E63 owner club, but that's a start! What specs did you go for?

Hi cpd1 and welcome!

Also, great colour combo - it's no secret on here that I'm not a fan of all-black interiors and your choice of Designo sand leather would have been my preference! Well done in going for something other than the black or grey that they offer as standard

Noticed from your posts that you like non black interiors. Same for me. I must admit to reverting to black on my last car (moment of weakness) but I really wanted to change. Sand from the swath I have seen looks really nice, they are a couple of Designo E63s on the MB website, one pastel yellow and another porcelain I believe but otherwise they are all virtually black interior. Had sand in a previous car (911) and loved it. Also like how MB does it with just the seat face and dashboard remains black so you get a nice mix.

 

[Palmball]

I think Andy ends PCP deals early so he wants not to have a shortfall to make up.

Yep, pretty much spot on Steve...see below!

Sorry to be a bit thick here, but I don't understand that comment. Presumably you would hand the car back at the end of the contract term so why is the depreciation an issue to you, that's the finance companies problem.

Or do you mean they correctly anticipated the depreciation to be significant so set the monthly payments high as a result?

Bit of both actually - the payment was very high in comparison to say my 911....both in the region of £90k motor's but even after the £10k or so contribution from MB on the E63, it was a good £400pm more than than the Porsche (which was 10 months old so had no contribution or favourable rates). This is entirely down to the final value that the finance company is prepared to guarantee and nothing else.

Even so, the AMG was still within what I was prepared to pay hence I went as far as paying a deposit but in the end, it was facing the reality of what I'm like and as such the likelihood of wanting to change it well before the end of the term. The initial depreciation would have been too heavy to make changing an option in the first 1-2 years so in a rare period of sensibility (for me), I decided not to go ahead with it.

Still sort of regret it though - the car is exceptionally good and used ones never seem to be in Palmball-spec - most are black, silver, black, silver, bl....and so on.

 

[Dieselman]

I think Andy ends PCP deals early so he wants not to have a shortfall to make up.

Overall that doesn't matter as the total depreciation would be the same so whether it has or hasn't been covered by monthly payments becomes irrelevant. Not completely true as by having a lower monthly payment and higher risk of shortfall against a higher assumed trade in figure there is less interest to be paid on the sum borrowed.

I think the E class chooses you Will, can you even fit in a C class.

Yes, but would have to tick the chain saw option for back seat passengers.

 

[bing]

not that the C63 is not a stormer, but i for one would go for the E63 as not too common,yet!

 

[st4]

Overall that doesn't matter as the total depreciation would be the same so whether it has or hasn't been covered by monthly payments becomes irrelevant. Not completely true as by having a lower monthly payment and higher risk of shortfall against a higher assumed trade in figure there is less interest to be paid on the sum borrowed.

Say for example you have a £80k basic price and you pay MB £10k deposit and £1000pm over 2 years 12k/yr PCP. I imagine roughly thats the sums involved for a 212 E63 give take some...thats a GMFV of £56k

Say the car looses £20k in depreciation after 4 months and Andy wants to hand it back/get rid of it. He has only paid £14000 towards the car and there is £6k neg equity.

Where does the £6k come from. Presumably from Andy as he has ended the "conditional sale" agreement early.

Therefore savage depreciation is very important issue for a PCP buyer that does not want to see the deal run to the full term (in my example 24 months) and hand it back (even on the back of an envelope now 212 after 2 years will be worth £56,000)

 

[Dieselman]

Blah, blah...

Where does the £6k come from. Presumably from Andy as he has ended the "conditional sale" agreement early.

Therefore savage depreciation is very important issue for a PCP buyer that does not want to see the deal run to the full term (in my example 24 months) and hand it back (even on the back of an envelope now 212 after 2 years will be worth £56,000)

But that is the same for any car purchase, someone has to stand the cost of depreciation on a new car, it can either be built into the total finance value and have interest charged on it or it can be paid at the back end and no interest is payable, just a lump sum to clear the remaining debt. That is the cheaper option.

My comment was simply not understanding about how the deal didn't reflect the depreciation and why that should be an issue.

What we only learnt in Palmballs later post was that the Porsche was 2nd hand so had already taken it's initial heavy depreciation, thus was cheaper to lease anyway.

The obvious answer is to take a deal on an already depreciated E63 when the time comes, unless one needs to have the latest model in which case pay the extra for a new car and take the hit.