- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Mercedes Winter Sale Event..Low rates..
Posted on 12/18/13 at 1:28 pm to Paul Allen
Posted on 12/18/13 at 1:28 pm to Paul Allen
quote:
24 months, zero down and drive away. Try to get 15k miles per year. Should be around $899 per month.
Not for an S Class! Those cars start out at $92k.
I would expect the car that's being discussed here with only 12k miles/year to be around $1500/month.
They would also require around a 7K down payment.
Double your monthly guess of $899 and add a down payment of at least 5k and that might get him on the road in the S class.
2
Posted on 12/18/13 at 1:34 pm to TigerScratch
quote:
Not for an S Class! Those cars start out at $92k.
I would expect the car that's being discussed here with only 12k miles/year to be around $1500/month.
They would also require around a 7K down payment.
Double your monthly guess of $899 and add a down payment of at least 5k and that might get him on the road in the S class.
Straight from MBUSA.com:
With 10% down ($9383) and 12k miles a year for 2 years, it would be $1465/mo.
Posted on 12/18/13 at 1:38 pm to TigerScratch
Maybe 899 was for an E class, my bad
Posted on 12/18/13 at 1:40 pm to Paul Allen
quote:
Maybe 899 was for an E class, my bad
Based off the estimator, that's the rate for a CLS. E starts at $630.
Posted on 12/18/13 at 3:27 pm to LNCHBOX
2011 off lease S-550's are all over ebay for $60,000 with 20,000 miles or less.
I would have bought a range rover to drive around town but I just can't stomach paying $110,000 and 3 years/20,000 miles later losing $60,000 of it to depreciation.
My last diesel truck depreciated $10,000 after 4 years and 80,000 miles and it wasn't a BS over-inflated trade number. I expect the current one to be only slightly worse.
I would have bought a range rover to drive around town but I just can't stomach paying $110,000 and 3 years/20,000 miles later losing $60,000 of it to depreciation.
My last diesel truck depreciated $10,000 after 4 years and 80,000 miles and it wasn't a BS over-inflated trade number. I expect the current one to be only slightly worse.
Posted on 12/18/13 at 4:28 pm to LNCHBOX
quote:
For the ticking time bomb of expensive maintenance that is a high end German luxury car, I would never do anything other than lease. I'd rather pay a note on it for 2 years, drive it 30k miles, and be able to walk away without the giant depreciation hit or any expensive repairs.
Many BMW lessees, especially those that have experienced electrical issues, say the best day of ownership was the lease expiration/termination date. My wife's car was at the dealer to repair massive wind noise around the moonroof and ended up having to replace the entire assembly which had to be sourced from Germany, took 3 friggin' weeks.
Posted on 12/18/13 at 5:20 pm to LNCHBOX
Since this is the Money board and not the OT...
I leased a 2014 CLS550 last month. The sticker is $84k. I got it for $79k. With a down payment of $5750, my 24 month lease is around $1400/ month. It's loaded and includes 12k miles per year. This is a business lease (not personal), so that's why the lease works for me.
The cool thing about MB is their lease buyback program. They will make contact with me at 6 months to check my interest in owning another MB.
If I'm interested in leasing another car from them, they'll eat the last 4-5 months of the lease and put me in another vehicle. It can be a more or less expensive car - doesn't matter. MBUSA has the right of first refusal and will turn around and sell it on their pre-owned MB certified list that all of the luxury car company's are now doing.
Basically, I'm paying for my deprecation up front over 2 years instead of 5 years with a purchase. I could pay around $40K after 2 years if I wanted to keep, but I won't. I'll move on to another lease if everything goes good with this one.
I leased a 2014 CLS550 last month. The sticker is $84k. I got it for $79k. With a down payment of $5750, my 24 month lease is around $1400/ month. It's loaded and includes 12k miles per year. This is a business lease (not personal), so that's why the lease works for me.
The cool thing about MB is their lease buyback program. They will make contact with me at 6 months to check my interest in owning another MB.
If I'm interested in leasing another car from them, they'll eat the last 4-5 months of the lease and put me in another vehicle. It can be a more or less expensive car - doesn't matter. MBUSA has the right of first refusal and will turn around and sell it on their pre-owned MB certified list that all of the luxury car company's are now doing.
Basically, I'm paying for my deprecation up front over 2 years instead of 5 years with a purchase. I could pay around $40K after 2 years if I wanted to keep, but I won't. I'll move on to another lease if everything goes good with this one.
This post was edited on 12/18/13 at 5:30 pm
Posted on 12/18/13 at 7:08 pm to TigerScratch
Can you deduct mileage and lease note since it's for business use or can it only be one or the other?
Posted on 12/19/13 at 7:54 am to LNCHBOX
quote:
With 10% down ($9383) and 12k miles a year for 2 years, it would be $1465/mo.
Sweet J*sus - $45k, American, and you would own nothing.
Posted on 12/19/13 at 8:14 am to TigerScratch
quote:
I leased a 2014 CLS550 last month. The sticker is $84k. I got it for $79k. With a down payment of $5750, my 24 month lease is around $1400/ month.
You pay $19,800 per year to rent a CLS.
quote:
This is a business lease (not personal), so that's why the lease works for me.
Presumably that business isn't in the business of making wise financial decisions.
This post was edited on 12/19/13 at 8:15 am
Posted on 12/19/13 at 10:03 am to Paul Allen
quote:
Can you deduct mileage and lease note since it's for business
That would be a CPA question. I'm going to assume that you can only deduct the note because it belongs to the business. If it was a personal vehicle, then one could deduct mileage as a business expense, but not the car. Both deductions would be a form of double dipping and probably frowned upon by the IRS.
This post was edited on 12/19/13 at 10:04 am
Posted on 12/19/13 at 10:37 am to GaryMyMan
quote:
Presumably that business isn't in the business of making wise financial decisions.
You do realize that very few big business OWN their vehicles anymore, right? Almost all new vehicles that say Coca Cola, UPS, Budweiser, (yes, the big trucks all over the roads) etc. are now leases. Most executives with company vehicles are leases. The leased vehicles are all warranty/lease work for all normal wear and tear issues. The only thing that's not covered on my leases is collision and windshields. Oil changes, brakes, bulbs, wipers, tires, etc. All covered in the lease - nothing out of pocket.
Look at it like this. Would you pay roughly 60cents on the dollar for every new item that you buy, if you could? I would and do. Any Fixed Asset that can be deducted from a balance sheet should be used to your advantage, however one can get it there. If the IRS is trying to take up to 40% of your money at the end of the year, why help them out?
Having said that, I do still have some vehicles that will always be bought and not leased. It takes 5 years to depreciate (for tax purposes) those cash vehicles, where the leases are depreciated monthly (I'm paying upfront and as I go).
In the past, I've averaged keeping my personal vehicle for 9 years. They were still in very good condition and received roughly blue book value on them when selling. It still wasn't much compared to what was originally paid. From an individual standpoint, I agree that leasing is not a wise decision. From a business standpoint, it's become hard to go wrong with a lease.
This post was edited on 12/19/13 at 10:39 am
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News