Hi all currently looking for a CLK (W208) to buy. In a bit of a dilemna though. Heres the scenario:
Have some cash to be able to afford say a W208 230 kompressor 2000 facelift at say 17k top end price.
Thing is dont know if I want to tie all that cash in a depreciating asset. Especially when I think of what better use I could put the money into say buy a property for investment etc.
Options could be:
a) Put down say a 10-20% deposit and finance the rest
over say 3/4 years.
b) bank offering a 12k loan @ 7.9% over 4-5 years.
Then cover the rest with available cash.
All opinions welcome as NOT buying the car, is NOT an option.
Starting to see CLKs in my dreams.
Can I also mention how hard it is to find a car that meets the criteria I'm looking for. Nothing fancy just the dark Azzurite blue, light grey leather, facelift model, fmsh, auto, 230Kompressor with around 60k on the clock or less. Priced at 17k or under and in good condition. Pls lemme know if you stumble across one for $al£.
Thanks again all feedback appreciated.
Have some cash to be able to afford say a W208 230 kompressor 2000 facelift at say 17k top end price.
Thing is dont know if I want to tie all that cash in a depreciating asset. Especially when I think of what better use I could put the money into say buy a property for investment etc.
Options could be:
a) Put down say a 10-20% deposit and finance the rest
over say 3/4 years.
b) bank offering a 12k loan @ 7.9% over 4-5 years.
Then cover the rest with available cash.
All opinions welcome as NOT buying the car, is NOT an option.
Starting to see CLKs in my dreams.
Can I also mention how hard it is to find a car that meets the criteria I'm looking for. Nothing fancy just the dark Azzurite blue, light grey leather, facelift model, fmsh, auto, 230Kompressor with around 60k on the clock or less. Priced at 17k or under and in good condition. Pls lemme know if you stumble across one for $al£.
Thanks again all feedback appreciated.