RE: Can anyone lend me £56K? PH Blog

RE: Can anyone lend me £56K? PH Blog

Friday 9th January 2015

Can anyone lend me £56K? PH Blog

Dan runs into an old friend in the used listings of a Mercedes-Benz dealer



In this gig it pays to maintain a level of professional detachment to the cars we drive, if only to minimise the pain of separation when the man comes to take it away. Not so difficult when it’s five days with a Ferrari – fun while it lasts and all that – but the long-term loan presents rather more of a challenge. Emotional entanglements always bring risks and, I have to confess, when ‘my’ C63 AMG Edition 507 was finally prised from my grasp I wasn’t much fun to be around.

Dan's tear-strewn face thankfully out of shot
Dan's tear-strewn face thankfully out of shot
The last time I saw that car it was as the doors of a Mercedes transporter clanged shut before it was taken away. A contact in the Mercedes press office teased me in the weeks following saying he’d seen the car in the car park at head office, still bearing the smiley I’d so carefully applied to the rear screen. He also mentioned the state of the tyres…

Now KY63 ZRK has reappeared, as was inevitable on the forecourt of a Mercedes dealer. My dream now has a bottom line - £56,995, making it about £56,000 out of reach assuming a favourable part-ex on a slightly ratty Eunos would be acceptable. Which it probably wouldn’t. The most expensive of the 16 C63 wagons currently advertised in the Mercedes dealer network and the only Edition 507, would it make a good buy?

Tyres and brakes have been replaced, cough
Tyres and brakes have been replaced, cough
Of course it would! There is an argument to be had about whether buying ex-press cars is a sensible proposition or not. We had it this time last year when Porsche GB’s delicious Riviera Blue 997 GT3 surfaced at an OPC in Glasgow. Fair to say, that car had been well used in its working life, winning the hearts of pretty much everyone who drove it. As such, and given the very public thrashings, there was a vigorous debate about whether it was tainted or enhanced by this exposure.

I accounted for nearly half of ZRK’s 14,605 miles so am better placed than most to comment than most about its history. Sure, there were moments of exuberance and some of those recorded in film or stills for posterity. And I wasn’t the only one. Some chap called Harris was a bit of a fan of the car and you can probably guess how that went. But the fact these cars live their lives in the public eye is, to me, rather more reassuring.

6.2-litre V8 left a lasting impression
6.2-litre V8 left a lasting impression
If you buy any car showing more than zero miles on the odometer you’re taking a punt on how any former occupant of the driver’s seat may have treated it. Interrogations of the ECU are now possible and Porsche buyers in particular are getting very fixated about recorded ‘over revs’ and their implied impact on the value. Beyond that you’re simply living in hope the former owner didn’t have a habit of redlining it from cold every morning. I didn’t in the case of ZRK, in case you were wondering.

Anyway, in the case of an ex-press car I’d say the very public nature of their usage and the level of care they receive while on the fleet more than mitigate against the sideways cover shots and the like. You’re basically getting a car that’s been inspected and serviced between every loan, potentially every couple of weeks for an in-demand car. My man at Mercedes tells me a full ECU interrogation and detailed physical check of gearbox, suspension, diff and the rest are a matter of course, likewise replacement of brake pads, discs, tyres and suchlike. Chips and scuffs are also dealt with on the basis it has to look its best for photos too. In the case of ZRK it also got a new windscreen to deal with a couple of M25 chips picked up in my tenure.

Just £57K between Dan and reunion with C63
Just £57K between Dan and reunion with C63
So it might be the most expensive C63 wagon currently in the dealer network but it’s also, I’d venture, the one that’s had the most attention. If there were any issues they would have been obvious by now. It’s also one of the very few wagons to be fitted with the optional locking diff, which in my experience transforms the way it drives. Worth it for that and the sinister matt paint alone.

Unfortunately for me this time around ZRK remains out of reach. But I’ll be keeping an eye open as the years tick by, hope whoever buys it enjoys it as much as I did and that, once they’re done with it, I might stand a better chance of making it a permanent addition to the driveway. I wouldn’t hesitate. And I know where it's been!

Dan

C63 wagons in the PH classifieds

Author
Discussion

toppstuff

Original Poster:

13,698 posts

247 months

Friday 9th January 2015
quotequote all
Lovely car but it will still depreciate massively.

Massive fun but on a purely financial basis, a crazy place to put your cash.


JDMDrifter

4,042 posts

165 months

Friday 9th January 2015
quotequote all
That price will drop faster than a granny on an icy pavement. Give it another 2 years and you can pick it up for less than half the current price i reckon wink

Lowtimer

4,286 posts

168 months

Friday 9th January 2015
quotequote all
Well, obviously any nearly new gas guzzler will plummet in value over the next three years (which is why I don't buy them until they are a lot, lot older).

But self-evidently lots of people do want a nearly new one, in which case this is an excellent one to go for.

mwstewart

7,605 posts

188 months

Friday 9th January 2015
quotequote all
2008, Estate, 45k, MB Sevice Program paid for next year, £24,500.



http://www.autotrader.co.uk/classified/advert/2014...

I don't think the saloon or estate is special enough to warrant 50k, but then I don't buy newer cars smile

soad

32,896 posts

176 months

Friday 9th January 2015
quotequote all
toppstuff said:
Lovely car but it will still depreciate massively.

Massive fun but on a purely financial basis, a crazy place to put your cash.
Indeed.

Gorbyrev

1,160 posts

154 months

Friday 9th January 2015
quotequote all
If you're prepared to slum it in a C-Class there are man maths manipulatable options out there!

yellowbentines

5,313 posts

207 months

Friday 9th January 2015
quotequote all
I really don't get the comments that it will depreciate further, or that an older higher mileage one will be cheaper - surely that's just stating the obvious?

In today's news - cars depreciate.

toppstuff

Original Poster:

13,698 posts

247 months

Friday 9th January 2015
quotequote all
yellowbentines said:
I really don't get the comments that it will depreciate further, or that an older higher mileage one will be cheaper - surely that's just stating the obvious?

In today's news - cars depreciate.
Yes all cars depreciate.

But if you are buying a 6.3 litre petrol V8, this is a much bigger factor than a regular 4 pot petrol or diesel.

Davey S2

13,096 posts

254 months

Friday 9th January 2015
quotequote all
yellowbentines said:
I really don't get the comments that it will depreciate further, or that an older higher mileage one will be cheaper - surely that's just stating the obvious?

In today's news - cars depreciate.
Of course but in this case it's quite a lot of cash to lose so becomes a very important factor.

Ex Boy Racer

1,151 posts

192 months

Friday 9th January 2015
quotequote all
So much talk about depreciation. Fun costs money, simple as that. If the fun the car gives you makes it worth what it will cost in depreciation - buy it. If it doesn't, don't.
Personally, I always remember the times I had in the car rather than what it cost me.

yellowbentines

5,313 posts

207 months

Friday 9th January 2015
quotequote all
toppstuff said:
Yes all cars depreciate.

But if you are buying a 6.3 litre petrol V8, this is a much bigger factor than a regular 4 pot petrol or diesel.
True, but it's all relative.

It will also cost more to fuel, tax, insure, service than a regular 4 pot petrol or diesel.

toppstuff

Original Poster:

13,698 posts

247 months

Friday 9th January 2015
quotequote all
Davey S2 said:
yellowbentines said:
I really don't get the comments that it will depreciate further, or that an older higher mileage one will be cheaper - surely that's just stating the obvious?

In today's news - cars depreciate.
Of course but in this case it's quite a lot of cash to lose so becomes a very important factor.
I think an important point here is that ( as shown by the other c63 for sale above ) you can have a C63 V8 wagon which will be 98% as much fun for 50% of the £56,000 wanted for the one referred to by the OP.

Why spend £56k on one of these when you can get pretty much the same car for mid £20's..?

PhantomPH

4,043 posts

225 months

Friday 9th January 2015
quotequote all
toppstuff said:
yellowbentines said:
I really don't get the comments that it will depreciate further, or that an older higher mileage one will be cheaper - surely that's just stating the obvious?

In today's news - cars depreciate.
Yes all cars depreciate.

But if you are buying a 6.3 litre petrol V8, this is a much bigger factor than a regular 4 pot petrol or diesel.
You wouldn't be; You'd be buying a 6.2ltr petrol V8.

billzeebub

3,864 posts

199 months

Friday 9th January 2015
quotequote all
My 56k would be going in a very different direction

mwstewart

7,605 posts

188 months

Friday 9th January 2015
quotequote all
toppstuff said:
I think an important point here is that ( as shown by the other c63 for sale above ) you can have a C63 V8 wagon which will be 98% as much fun for 50% of the £56,000 wanted for the one referred to by the OP.

Why spend £56k on one of these when you can get pretty much the same car for mid £20's..?
Yes, definitely, that and the fact the article is about not being able to afford the £56k example.






Cable

239 posts

183 months

Friday 9th January 2015
quotequote all
Funnily, just yesterday I was looking on Autotrader for a 507, which prompted the same response

Lowtimer

4,286 posts

168 months

Friday 9th January 2015
quotequote all
toppstuff said:
Why spend £56k on one of these when you can get pretty much the same car for mid £20's..?
It will sell as a cheap extra car to someone who has a choice of the Ferrari or the GT3 for weekend blasts, commutes normally in the Bentley, and needs a runabout for going out with the mountain bike or the dog from time to time.

moffat

1,020 posts

225 months

Friday 9th January 2015
quotequote all
Watched my C63 Coupe leave on Wednesday, it was painful, I LOVED that car. But it was a 'sensible' 2 year lease as to avoid the high year 3 costs. I will be looking carefully for FB62 YBO to appear on the MB Used Car website soon, but alas I won't be buying it. I've gone semi sensible for 2 years while I wait for the discounts to start on the new model.

yellowbentines

5,313 posts

207 months

Friday 9th January 2015
quotequote all
toppstuff said:
Why spend £56k on one of these when you can get pretty much the same car for mid £20's..?
I'd say because most people like it or not finance cars, so cost often boils down to monthly costs.

An inspected 14k mile example that's got at least 2 year's warranty, or an older 3 owner 45k mile example that potentially has more parts nearing the end of their life/needing replacement, and that's not cheap on an AMG car.

For many the higher monthly payment of the more expensive car is worth it for the peace of mind that big bills are further into the distance than they are on a 45k miles car.

Each to their own, we could go on all day saying why not buy the £4k 10 year old C43 that's just had loads spent on it, etc etc!

mikey k

13,011 posts

216 months

Friday 9th January 2015
quotequote all
What makes the 507 "special"?