New Mercedes Buying Experience

[Teflonso]

Keep a big slice of your money. Keep your exisiting car. Just spend a couple of grand having it re-sprayed any colour you want. I'd recommend lime green or canary yellow.

Everyone's happy and more important, you're not putting another BMW on the road.

I'm a bit diappointed that the new E350 doesn't have an option for the massage and dynamic seats (in chalk leather with light grey head lining) that my current car has. So I'll be holding on to it.


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[markjay]

I would hope that people are smart enough to calculate the cost of PCP before signing on the dotted line... but it's coming very popular... another ppi scandal looming...

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Some models have significant 'dealer contribution' for finance customers, sounds bonkers but some models actually work-out cheaper on finance even after factoring-in MB's 5.1% APR.

Of course all it means really is that the cash price is artificially inflated.

Once possible explanation is that MB worked-out that finance customers are very likely to change the car after 24-36 months, while cash buyers tend to hang-on to their cars for longer.

 

[markjay]

Some models have significant 'dealer contribution' for finance customers, sounds bonkers but some models actually work-out cheaper on finance even after factoring-in MB's 5.1% APR.

Of course all it means really is that the cash price is artificially inflated.

Once possible reason is that MB worked out that finance customers are very likely to change the car after 24-36 months, while cash buyers tend to hand-in to their cars for longer.

And some members here resorted to buying a new car on finance securing the dealer contribution, then used the 14-day 'cooling-off' clause and cancelled the finance deal, paying cash instead while still pocketing the dealer contribution.

 

[markjay]

And some members here resorted to buying a new car on finance securing the dealer contribution, then used the 14-day 'cooling-off' clause and cancelled the finance deal, paying cash instead while still pocketing the dealer contribution.

"It's true. It's true. And it's amazing." (oops wrong thread....).

 

[FiveStar]

Keep a big slice of your money. Keep your exisiting car. Just spend a couple of grand having it re-sprayed any colour you want. I'd recommend lime green or canary yellow.

Everyone's happy and more important, you're not putting another BMW on the road.

I'm a bit diappointed that the new E350 doesn't have an option for the massage and dynamic seats (in chalk leather with light grey head lining) that my current car has. So I'll be holding on to it.


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I might just do that. I do like the car but the W213 does really move the game on. Then again £50k sure is handy and I could do a lot with that savings.

Hmm..decisions.

 

[Dryce]

Once possible explanation is that MB worked-out that finance customers are very likely to change the car after 24-36 months, while cash buyers tend to hang-on to their cars for longer.

If that was the case then the cash buyer could presumably just PCP the car and buy it at the end of the term.

I think the two main changes in the market over the last 30 to 40 years have been (1) the reduction in the number of company cars (2) people are buying more MBs and BMWs.

So (1) means the new cars that used to be discounted to companies have t find another route to market. A push in the 80s to lease (or structure finance based on residuals) to companies has evolved into a push in the 2000s to offer the same deals to private customers. And (2) the likes of MB and BMW are going after much higher volume so have adapted to the customer to do that while still trying to maintain (or obscure) pricing.

 

[FiveStar]

If that was the case then the cash buyer could presumably just PCP the car and buy it at the end of the term.

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When you add up the total amount payable it is quite a lot more than buying it cash in the first place.

PCP finance is designed to make the car cheap to obtain on credit and ensure the consumer has to swap it at the end. £500pm sounds a lot more appealing than £47,480.

 

[gr1nch]

.....So in short Mercedes can't sell me the car I want for £50000.

Quite a poor show. I'll have to keep my present car as it fits my needs better.

Hi FiveStar,

Welcome to the forum! Incidentally the reason you've had a bunch of mixed replies might be because it's been a lively week with a flurry of odd/contentious threads with ex-members and long term members. The newer members like me are on the whole bemused (not amused, I'd say) by this blip. In short, it's not you.

Ok, back to the OP. Thought of an S-Class since you drive an E350? You might find no pano, no black leather, with Burmeister.

 

[Dryce]

When you add up the total amount payable it is quite a lot more than buying it cash in the first place.

That should generally be the case - but deals being deals there's no guarantee - so each deal should be objectively compared - and some allowance made (depending on circumstances) for the cost of tying up cash.

PCP finance is designed to make the car cheap to obtain on credit and ensure the consumer has to swap it at the end. £500pm sounds a lot more appealing than £47,480.

I think we all pretty much get that.

The bit that people don't tend to get is that the advantages and disadvantages of each type of deal relative to each other don't follow a fixed rule.

Meanwhile there's a population of forum members who probably elicit a huge long groan each time this subject area gains momentum in a thread - thinking 'here we go yet again'!

 

[FiveStar]

Hi FiveStar,

Welcome to the forum! Incidentally the reason you've had a bunch of mixed replies might be because it's been a lively week with a flurry of odd/contentious threads with ex-members and long term members. The newer members like me are on the whole bemused (not amused, I'd say) by this blip. In short, it's not you.

Ok, back to the OP. Thought of an S-Class since you drive an E350? You might find no pano, no black leather, with Burmeister.

Thanks. That's not a bad suggestion actually. However I don't want an air sprung car.

A CLS might do though. I hadn't thought of that.

 

[hallra]

Some models have significant 'dealer contribution' for finance customers, sounds bonkers but some models actually work-out cheaper on finance even after factoring-in MB's 5.1% APR.

Of course all it means really is that the cash price is artificially inflated.

Once possible explanation is that MB worked-out that finance customers are very likely to change the car after 24-36 months, while cash buyers tend to hang-on to their cars for longer.

I was offered 10.1% APR on a GLC that had done 50 miles.

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[David404]

FiveStar

Is my imagination playing tricks on me or were you previously a regular on a Saab forum? Name sounds familiar.

 

[FiveStar]

FiveStar

Is my imagination playing tricks on me or were you previously a regular on a Saab forum? Name sounds familiar.

Sorry - a pure coincidence, I've never had a Saab. I've had a Volvo though which was excellent until the gearbox failed.

I'd be happy to take an S90 but feel the engine range is limited.

 

[Bonecho]

Car tax implications for cars costing over £40,000 for cars delivered after April

New car tax rules in April 2017: what's changing and what it costs - BT

 

[Liquid silver]

Thanks. That's not a bad suggestion actually. However I don't want an air sprung car.

A CLS might do though. I hadn't thought of that.

Funny you should mention that. I have just bought a new CLS 350. MB are offering 0% finance or 8k manufacturer contribution plus whatever you can get from the dealer. I bought mine cash with a 25% discount. Car had Premium+ and standard suspension. They are very keen to clear out the last of the model before the new one arrives later this year. Please don't buy a BMW.

 

[gr1nch]

These are huge discounts compared to some other countries. American buyers don't sound too phased when it's only a few percent and my colleagues here in Belgium think 10% is a lot. A Belgian main dealer offered me 3% on a new E220d and I wasn't too impressed.