New c63 or approved used?

[ant922599]

Hi everyone

I have been reading through quite a few of the recent threads about agility/financing generally.

I had a long chat with my local dealer yesterday as I am looking to get a c63 saloon. They weren't great or even enthusiastic actually, but that isn't the problem really. I am unsure which way to do it.

I really need a 2 year deal a I expect to 'upsize' my house at that time and it would be nice to not have any credit commitments running at the time for borrowing capacity, etc. Once moved I would simply lease again.

As I see it, my main decision comes down to a new lower spec car (i.e. no PPP, LSD, etc) as that inflates the monthly to £791 (2 year deal) vs £660;

or

An approved used higher spec for, say £45k. They are quoting £650p/m but for that I can (just about) get a fully loaded PPP '61 or '12 plate car for basically the same monthly.

All figures were based on the £5995 deposit MB use in their advertised 3 year deal, and is basically the p/x value of my car.

At the end of the 2 years I walk away with nothing, which is fine, but for the 2 years I could have a nicer spec'd car that is still new enough for me.

Am I missing something?!

Thanks in advance!

 

[DJM]

So is that £650pm on a used car over 2 years then? Or is it 3 years? What is the used car price? I guess a lot depends on how much you want PPP, LSD etc... I'm going through the same dilemma at the moment too. I don't need a new car but the warranty is nice to have on a car like this! I also want a 2yr deal.
DJM

 

[ant922599]

Hi DJM

Yes - used car over 2 years priced at c.£49k (the dealer decided to conveniently add on all sorts of bits above the £46k advertised price - such as paint treatments and GAP, etc). GFV/balloon was £32,500.

In answer to my own question - what I was missing was both a calculator and some common sense (possibly).

Total cost of the used car over 2 years is near £20k vs c.£16k for a lease hire with a broker such as Freedom. But yes, 'basic' spec.

As you say, a 1 year warranty on a used car over a 2 year term is a bit of a worry.

Every time I see one for sale I instinctively look for the part alcantara wheel and red calipers though so I know it will bother me if I don't have it on mine!

Having searched around today I think I can lower my monthly payment and deposit just going new with a lease broker..

 

[DJM]

What did you decide on in the end?

 

[ant922599]

I have decided to go new. One of the reasons is that with a 2 year agility deal on a < 1year old car, although the warranty will still be in place, there seems a reasonable chance of needing discs and pads. Having read about someone else's £2,300 bill for new discs and pads I fancy avoiding that really.

It's not just about damage limitation and getting the 'cheapest' and I fully appreciate the running costs.

I'm just waiting for a couple more figures to come in, but so far Freedom Contracts are looking the best. Prices have really gone up since the last round of quotes posted on here earlier I the year.

Current best figures, based on saloon; PPP, DAB, HK, Interior Lighting, 19" black alloys (3+23, 10k miles, PCP) is:

£2200 + £750 per month incl. VAT.

My dealer is still at £6K + £890 per month for exactly the same

Have you had any joy looking?

 

[DJM]

Well I'm only after the standard spec. Driven 18's and 19's and personally I prefer the smaller boots.
Had a few figures back but I'm not hammering anyone on price yet as I'm just waiting for a few other things to fall into place.
What did your dealer say? Were they shocked that you found such a good price? There must be a dealer that could match...
Let me know how you get on

 

[ant922599]

Oh bloody hell.

I was a bit worried as there was a suggestion a week or so ago from DuncS3 that the PPP was not now available on new orders UNLESS it is an edition 507.

Despite several brokers producing genuine quotes including PPP (including the main dealer) it looks as if this is definitely the case.

I believe the 507 lists a bit higher than 'normal' with PPP so hopefully there isn't too much in the figures overall. I'm probably up at about as much as I am happy to pay so there isn't much more wriggle room.

Yes I know it is not the end of the world - a standard c63 has plenty of go, etc and I'm sure I'll be over the moon with any spec.

This is the fulfilment of quite a long held dream though (well, c.3 years since I sold my M3) so I want it to be as perfect and true to the dream as possible!

Looks like I am sticking with Freedom though as they have still given the best figures out of 4/5 places.

I'll post up if/when I get them.

 

[DJM]

I thought you were after a 507 anyway... Thats a shame though. Hang in there!
Did they mention if the prices would increase next quarter? Or are they expecting the deals to be the same?

 

[DJM]

Hi Ant. Did Freedom confirm if you had to pay for the 2nd service at the end of contract? This seems to be a bit of a grey area...

 

[ant922599]

Hi DJM

They haven't mentioned it actually - good point though.

I am still waiting for their edition 507 figures but am away from tonight for just over a week so it looks like I'll be trying to sneakily check emails on holiday without my girlfriend noticing!

If I can't really do the 507 I'll go with a new factory order 'standard' albeit with the few little bits I'd like, like HK/DAB/19's, etc.

The way I see it - this is my final chance to drive a car with the M156 engine before going E63 or new C63 in 2 years time.

How are you getting on with your dealings?

 

[davycaslad]

Reg Plate

Are any of you guys interested in a reg plate OC63AMG ?