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r129sl

3,639 posts

86 months

[news] 
Monday 19th March 2012 quote quote all
I was staggered by how cheaply you can lease an E220 CDI or a SLK. I just cannot see how those deals are viable in the long run (from the leasing company's point of view). 6 x 23 at £250 is £7,250 but surely an E or a SLK depreciates by £15-20k in two years? Even taking into account massive discounting, I can't see how anyone can turn a profit. I hate leasing and finance and so on, but with these deals you'd be mad not to.

swerni

21,710 posts

93 months

[news] 
Monday 19th March 2012 quote quote all
I've never leased a car before.
With the deals available you would be mad buying one.

Mine arrives Monday.

Deva Link

26,934 posts

128 months

[news] 
Monday 19th March 2012 quote quote all
r129sl said:
... but surely an E or a SLK depreciates by £15-20k in two years? Even taking into account massive discounting, I can't see how anyone can turn a profit.
It's all about volume, and keeping the factories running at their most efficient. The cost of making a car is less than half its pre-VAT list price, so it's better to make and sell one cheap than leave a space on the production line.

The car factory arm of Mercedes doesn't give a toss about residuals.

mitchk

103 posts

81 months

[news] 
Tuesday 20th March 2012 quote quote all
finally caved yesterday and put a deposit on one smile

Mercedes dealers could not get close to the broker price

I went to two of my local dealers, one of which sent me a quote through and when I challenged the price said good luck with my searching. The other promised a test drive, but when I got there the car was penned in so couldn't get it out. Salesmen then got the price wrong on two seperate occasions and then did not bother to contact me. I did call the finance chap and tell him what I thought not that they would of taken any notice.

Coming from a BMW dealership that I use at the moment it was a complete and utter shambles. Have you ever thought when you walk in the place that you should just say you've changed your mind and walk out ? thats how I felt in the second dealers. I was sitting with a coffee and just didn't feel comfortable - took the afternoon off work as well which pissed me off..

I did not mention anything about internet deals or brokers and just that I would put down a deposit and sign before the end of March.


va1o

13,432 posts

90 months

[news] 
Tuesday 20th March 2012 quote quote all
At the end of the day it really is just a big game of discounts and residuals, and balancing those 2 against each other.

Deva Link said:
r129sl said:
What will surprise me is if they're still around a year or two from now.
You say that but very low leasing prices have been around for years in the US - some of the deals colleagues over there get are are astonishing.
Agreed. I think (and hope) they are here to stay.
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Leithen

3,387 posts

150 months

[news] 
Tuesday 20th March 2012 quote quote all
Am I right in thinking that the best deals will be found on existing stock rather than factory orders?

swerni

21,710 posts

93 months

[news] 
Tuesday 20th March 2012 quote quote all
Mine was a factory order.


Deva Link

26,934 posts

128 months

[news] 
Tuesday 20th March 2012 quote quote all
swerni said:
Mine was a factory order.
I'm surprised by that. I know you didn't order yours directly from MB but there must be considerable discounting / support from them to get the required pricing, and MB deals are very quarter driven, which usually rules out a factory order as they'll generally cross the quarter-end.

swerni

21,710 posts

93 months

[news] 
Tuesday 20th March 2012 quote quote all
Deva Link said:
swerni said:
Mine was a factory order.
I'm surprised by that. I know you didn't order yours directly from MB but there must be considerable discounting / support from them to get the required pricing, and MB deals are very quarter driven, which usually rules out a factory order as they'll generally cross the quarter-end.
I was given an offer on another one from a firm who supplies the company lots of the lease vehicles.
That was slightly lower spec but was already in the network and was similar price.

I popped in to MB for a comparison but they couldn't match it.

amr2

64 posts

85 months

[news] 
Tuesday 20th March 2012 quote quote all
I am just waiting on delivery of my new C220 CDI Sport Estate Auto on a lease through my local MB dealership.

3 + 35 on 10K pa at £355 per month.

My spec included a Media Interface up-grade, Becker Sat nav and metallic paint.

I tried shopping around all the usual lease companies and some were very competetive but the MB dealer really wanted my business so I just played hard-ball with them and after a week or so of negotiating got them to within £5 of the lowest equivalent internet company.

I felt happier dealing with MB direct and so secured the deal.

Car is a factory build and not from stock....

Invoice shows a discount of £6500 on list price which I am happy with.

Interestingly, another MB dealer, in the same group wasn't interested in the slightest at negotiating and simply gave a price and said take it or leave it!

His loss.

I can't wait to get my bum in the driver's seat!

AMR2

Deva Link

26,934 posts

128 months

[news] 
Tuesday 20th March 2012 quote quote all
amr2 said:
Interestingly, another MB dealer, in the same group wasn't interested in the slightest at negotiating and simply gave a price and said take it or leave it!
Weird isn't it? Both yours, and mitchK's above, stories are common the MB forums. Perhaps if the dealers were a bit better they wouldn't have to slash their prices so much?

bmw120d

69 posts

66 months

[news] 
Tuesday 20th March 2012 quote quote all
Deva Link said:
Weird isn't it? Both yours, and mitchK's above, stories are common the MB forums. Perhaps if the dealers were a bit better they wouldn't have to slash their prices so much?
£239.99 A MONTH WITH VAT +SERV+TAX

galewis

1 posts

28 months

[news] 
Wednesday 21st March 2012 quote quote all
I've just taken delivery of a brand new E220 Bluefficiency Convertible Sport with 7 speed auto box and metallic paint, for the stonking price of £299 plus VAT on a 3/23 deal.

Can't see how anyone is making any money out of it.

Gary

DJRC

21,579 posts

119 months

[news] 
Thursday 22nd March 2012 quote quote all
galewis said:
I've just taken delivery of a brand new E220 Bluefficiency Convertible Sport with 7 speed auto box and metallic paint, for the stonking price of £299 plus VAT on a 3/23 deal.

Can't see how anyone is making any money out of it.

Gary
Perhaps Im being thick...but er why would you consider that a good deal?

Its £350/month for a relatively dull car that is little more than a white good on wheels without a roof. Four door droptops never work anyway, so you lose the whole point of a droptop (i.e. a 2 seater roadster) and yet its still costing you £350 a month to rent it.

The amount it costs over the leasing term would buy a 2-3yr old car now and at the end of that term you would still own the car as an asset to sell and recoup some money.

So am I missing something, or is the single advantage you are getting is that its a "new" car?

Deva Link

26,934 posts

128 months

[news] 
Thursday 22nd March 2012 quote quote all
DJRC said:
The amount it costs over the leasing term would buy a 2-3yr old car now...
Even if that was true, so what?

swerni

21,710 posts

93 months

[news] 
Thursday 22nd March 2012 quote quote all
Deva Link said:
DJRC said:
The amount it costs over the leasing term would buy a 2-3yr old car now...
Even if that was true, so what?
But you could buy an old shed for £350 and save even more money rolleyes

slippery

13,436 posts

122 months

[news] 
Thursday 22nd March 2012 quote quote all
DJRC said:
galewis said:
I've just taken delivery of a brand new E220 Bluefficiency Convertible Sport with 7 speed auto box and metallic paint, for the stonking price of £299 plus VAT on a 3/23 deal.

Can't see how anyone is making any money out of it.

Gary
Perhaps Im being thick...but er why would you consider that a good deal?

Its £350/month for a relatively dull car that is little more than a white good on wheels without a roof. Four door droptops never work anyway, so you lose the whole point of a droptop (i.e. a 2 seater roadster) and yet its still costing you £350 a month to rent it.

The amount it costs over the leasing term would buy a 2-3yr old car now and at the end of that term you would still own the car as an asset to sell and recoup some money.

So am I missing something, or is the single advantage you are getting is that its a "new" car?
Four door drop top? confused

Leithen

3,387 posts

150 months

[news] 
Thursday 22nd March 2012 quote quote all
DJRC said:
Perhaps Im being thick...etc...
Not the nicest of welcomes for a new Pistonheads member.

Hope you enjoy your new car galewis, and welcome!

slippery

13,436 posts

122 months

[news] 
Thursday 22nd March 2012 quote quote all
Leithen said:
DJRC said:
Perhaps Im being thick...etc...
Not the nicest of welcomes for a new Pistonheads member.

Hope you enjoy your new car galewis, and welcome!
+1. People that harp on about how you could buy a secondhand this or that are tiresome. There is something nice about a brand new car and people should only compare apples with apples.

Deva Link

26,934 posts

128 months

[news] 
Thursday 22nd March 2012 quote quote all
slippery said:
+1. People that harp on about how you could buy a secondhand this or that are tiresome.
Plus some people seem to enjoy driving to the ends of the UK to look at cars that turn out to be different from the description, or that the owner never bothered to service etc.

I just can't be arsed with it. It's a heck of lot easier, less time consuming and less stressfull to give someone a call or click the mouse a few times and have a brand-new car delivered.

And, compared to buying a 2-3yr old car and keeping it for 2-3 years, it's probably pretty similar cost wise. It might even be cheaper.


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