Discussion
From the 5 GT thread, Mrs S is looking for a new car.
We've been looking at a 3/4 year old E-class estate. Not too fussed about engine and spec (althogh nav / Command would be a bonus).
Then I googled the lease deals on new ones.....
£275 per month (ex Vat) on a 10k 36mth - what's going on?? If this is the case no wonder used values on these dropped so much!!! Why would anyone bother tying up 15-20k in it?
Any thoughts?
We've been looking at a 3/4 year old E-class estate. Not too fussed about engine and spec (althogh nav / Command would be a bonus).
Then I googled the lease deals on new ones.....
£275 per month (ex Vat) on a 10k 36mth - what's going on?? If this is the case no wonder used values on these dropped so much!!! Why would anyone bother tying up 15-20k in it?
Any thoughts?
I just googled it - that one is with leaseyournexrcar.com. But others are in the running and aren't too far from that (when you add up to 3+36 or 6+36 numbers) etc.
Even MB themselves are quoting 359 per month - and I would think you could chip that a fair bit based on my recent experience with BMW dealers, especially if the car is in stock and needs a new home....
Even MB themselves are quoting 359 per month - and I would think you could chip that a fair bit based on my recent experience with BMW dealers, especially if the car is in stock and needs a new home....
Would be interested in any experience of MB leasing.
When you run the numbers, shelling out 8-9k as opposed to 35k (granted you don't own the car) but when you take into account the "cost" of that money being tied up (opportunity cost, loan APR) and then the fact of heavy depreciation in the current market, then it seems a good deal non?
When you run the numbers, shelling out 8-9k as opposed to 35k (granted you don't own the car) but when you take into account the "cost" of that money being tied up (opportunity cost, loan APR) and then the fact of heavy depreciation in the current market, then it seems a good deal non?
Spent a bit of time on this last night - seems there are quite a few people offering deals at present - a lot of them being the corporate departments of main dealers, so I guess MB finance must have some incentives on......
Spending just over 9k for 2 years motoring in a brand new car seems a pretty good deal to me - you'd lose that in depreciation and vat in e first six months of ownership surely?
Spending just over 9k for 2 years motoring in a brand new car seems a pretty good deal to me - you'd lose that in depreciation and vat in e first six months of ownership surely?
No, agreed on that - clearly our wives have the same methodology when it comes to "sales".
My thinking is that we are looking at a 3 year old example (last shape) for about 20k - all of these are out of warranty, have higher car tax, and during the 2/3 years of our tenure probably lose about 7-8k in value, plus will cost us about 1-2k in servicing and replacement parts during that time.
We also then have the 20k tied up in that car, depreciating, having to be financed by lose of income on that money (circa 3-8%) or a loan (7%).
Or, we can spread the 9.5k over 2 years and have known / fixed costs. There should be no other bills at all (save for punctures) - and we probably won't need to service it either or put tyres on it (8k per annum max mileage) and the car tax is covered by the lease co.
Not sure if I've missed something here, but maths wise the leasing makes sense non?
My thinking is that we are looking at a 3 year old example (last shape) for about 20k - all of these are out of warranty, have higher car tax, and during the 2/3 years of our tenure probably lose about 7-8k in value, plus will cost us about 1-2k in servicing and replacement parts during that time.
We also then have the 20k tied up in that car, depreciating, having to be financed by lose of income on that money (circa 3-8%) or a loan (7%).
Or, we can spread the 9.5k over 2 years and have known / fixed costs. There should be no other bills at all (save for punctures) - and we probably won't need to service it either or put tyres on it (8k per annum max mileage) and the car tax is covered by the lease co.
Not sure if I've missed something here, but maths wise the leasing makes sense non?
tyrrell said:
JNR77 said:
I have ordered for my wife a new SLK CDI Auto 6+23 at £250 per month inc vat, Bloody good deal.
Strange thing the deal comes from Merc Corporate via private brokers, Merc retil cant get anywhere near it and are seeing loads of people come through the door, look at the car in the showroom then order it with a broker.
I had the same thing the private brokers were able to blow my local dealers out the water, local dealer said they were inter net deals that could not be obtained in real life. Well I got the car and the finance was from MB corporate so they are quite happy to shaft their own dealer network to shift metal.Strange thing the deal comes from Merc Corporate via private brokers, Merc retil cant get anywhere near it and are seeing loads of people come through the door, look at the car in the showroom then order it with a broker.
DJRC said:
So it is just about it being new then?
Its not actually about value for your dosh, its just to get a new car.
Right, thankyou, for clearing that up. Im not missing something afterall. Carry on.
Not just that - the fact that is hassle free and, on my BM at least, I won't ever need to service it, put tyres on it, or even remember to tax it (a new one will arrive in the post!) There will never be any surprise bills (except for accidents) which means I don't need to have a contingency sat waiting if something breaks.Its not actually about value for your dosh, its just to get a new car.
Right, thankyou, for clearing that up. Im not missing something afterall. Carry on.
Oh, and the fact that I'm driving around in a 50+k car for the cost of a Golf is also appealing....
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