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Who said that running a GL is expensive!

P

peterg1965

MB Enthusiast
Joined
Dec 22, 2007
Messages
1,144
Location
Lancashire
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2019 Audi Q7, 2018 Mini Cooper S, 2016 Porsche 718 Boxster S
Just had the 1st service on the GL320 (annual as opposed to a variable service regime). Cost £150 - a couple of other recalls completed (airmatic compressor check and software upgrade). I supplied my own oil (controversial choice of oil ;) ) but I am very happy. Only 7800 on the clock, brake wear only 10% and tyre wear just 2mm all round (assuming 8mm from new).

Cheap luxury motoring so far. Especially when depreciation is 'guaranteed' and the keys are handed back in 12 months :D
 
How much is the lease over 12 months?


I thought I saw them for £499 at one point, That's a great car for the money.
 
I pay £468/month over two years having paid a £1000 deposit. The PCP deal was hugely subsidised and I got the car VAT free as well. It is a fabulous car.
 
£468 is a massive amount of money per month, including your deposit thats £12,232 for the honour of not owning the car? Still it's probably lost more than £12k in depreciation in the first 12 months!
 
£468/month or £12,232 is a very low amount of money for running a GL class from brand new for 2 years and then being out of obligation with the vehicle.

I'd imagine this works out at less than half price running costs? I wouldn't want to bet that a brand new GL bought for cash and then sold for cash 12 months later would lose less than this amount!

Will
 
I agree, £468 is not an insignificant amount of money month-in month-out, but that's superb value for a car such as a brand new GL, especially considering the relatively small deposit.

I suspect there are members paying that sort of amount for second-hand and lower spec cars.
 
12K is very little, 6K a year on a 50K car worth 30K now (on a good day?)

Has to be the right way of buying it, had the OP paid cash they would have lost a lot more.

You also know exactly the costs up front.

Its only a lot of money if you cannot afford it, its all relative?


Love the GL looks great, I know its daft but I even like the rood rack with the crome carrier bars even they look superb.
 
NicDale said:
£468 is a massive amount of money per month, including your deposit thats £12,232 for the honour of not owning the car? Still it's probably lost more than £12k in depreciation in the first 12 months!
Click to expand...

Lot of people don't factor in that last part!

And if there is a minimal deposit then your exposure on the deal is totally contained.
 
I am not naive, I know that £468/ month is a considerable amount of money. However, it was a £57K list car and in the big scheme of things it is very affordable to me and worth it to drive around in a hugely luxurious 4x4. Depreciation is ridiculous with these cars, the PCP was the only way to go.
 
It is a cheap way to have a GL relative to someone who paid retail and is taking the full hit of deprecation:eek:
The other cost effective way to do it is to buy the car a few months old, as I did with my ML. £13k off list price to have someone else run the car in for you has made owning the car a much less of painfull experience despite the 4x 4 price crash of the last few months.:)
 
Ive just done a compare 'buying a used V6 4 year old petrol XC90 SE' vs 'lease Brand new Diesel XC90 SE' over 3 years for a friend

The cost is the virtually the same. The thing you have to get your head around is how much you are going to lose in depreciation if you buy a car and then part-ex it later and factor in things like new exhaust, batteries, the fact that a new one has brand new brake pads / disks and tyres and, a used one doesnt, you need to pay for a warranty on a used one not a new one etc.

Once you've accepted how much the thing costs, then the 'just give it back at the end, no unexpected costs' is a great thing - especially given how cheap finance is and how desperate dealers are to get rid of new cars

[EDIT] and the point that I forgot, the 4 year old XC90 would cost about the same as the GL does in the example above

Richard
 
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57K new, trade in 30K ?

loss 27K

Cost to you 12K


HAS to be the right way of doing things.
 
A210AMG said:
12K is very little, 6K a year on a 50K car worth 30K now (on a good day?)

Has to be the right way of buying it, had the OP paid cash they would have lost a lot more.

You also know exactly the costs up front.

Its only a lot of money if you cannot afford it, its all relative?


Love the GL looks great, I know its daft but I even like the rood rack with the crome carrier bars even they look superb.
Click to expand...

Spot on. Sounds like outstanding value for money to me.
 
Nice to see quite a few coming round to the view that many of the MB PCP deals have offered good value for money.

Only problem is that they are so good in some cases that they greatly harm the residuals on secondhand cars, especially fairly new ones.

The offer on the E class at the moment, on the 220cdi for example, offers free automatic, leather and free upgrade to Avantgarde. Plus finance at 5.8% APR and a guaranteed residual around 50% of the price to be paid. Hard for a year old secondhand one to compete with that.
 
First service at 7800, out of interest what is the normal service interval for a GL ?
 
That's correct Hawk, annual for me as my PCP is for 8000 miles per year. Computer said a B service required but they only seemed to carry out an A.
 
NicDale said:
£468 is a massive amount of money per month, including your deposit thats £12,232 for the honour of not owning the car? Still it's probably lost more than £12k in depreciation in the first 12 months!
Click to expand...

It's worse than that as that's the ex-VAT amount, so you can add a couple of grand.

Still a cheap way of using a GL for a couple of years, but I couldn't live with hosing the best part of £600/mth down the drain.


Interesting reading the auction reports on PistonHeads that used SUVs are having something of a resurgence in price at the moment.
 
A210AMG said:
57K new, trade in 30K ?

loss 27K

Cost to you 12K


HAS to be the right way of doing things.
Click to expand...

Is there anything stopping you from buying the car at the end of the 2 years?
i.e. Cost to date circa £12k - car value £30k - Total £42k...

Would they allow you to do that? :cool:

Or have I missed something?
 
Is there a Mercedes Calculator for PCP's?
Looked on www.mercedes.co.uk and cannot find a price calculator.
richard said:
Ive just done a compare 'buying a used V6 4 year old petrol XC90 SE' vs 'lease Brand new Diesel XC90 SE' over 3 years for a friend

The cost is the virtually the same. The thing you have to get your head around is how much you are going to lose in depreciation if you buy a car and then part-ex it later and factor in things like new exhaust, batteries, the fact that a new one has brand new brake pads / disks and tyres and, a used one doesnt, you need to pay for a warranty on a used one not a new one etc.

Once you've accepted how much the thing costs, then the 'just give it back at the end, no unexpected costs' is a great thing - especially given how cheap finance is and how desperate dealers are to get rid of new cars

[EDIT] and the point that I forgot, the 4 year old XC90 would cost about the same as the GL does in the example above

Richard
Click to expand...
 
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