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re: Want to buy this Mercedes E55 AMG

Posted on 9/17/19 at 2:57 am to
Posted by FightnBobLafollette
Member since Oct 2017
12204 posts
Posted on 9/17/19 at 2:57 am to
quote:

shite if you don't have student loans and money to burn then by all means.



Insurance.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 9/17/19 at 3:46 am to
quote:

Any AMG owners know how the yearly maintenance cost is compared to owning a regular Benz?


3-4k vs 5-6k

You can also buy an aftermarket warranty that covers a ton.
This post was edited on 9/17/19 at 4:14 am
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35558 posts
Posted on 9/17/19 at 6:57 am to
quote:

Insurance


Insurance is cheap as hell on high end cars.

Not saying an entry amg will be high end enough, but I wouldn't be surprised in the least if a 200k S65 AMG was cheaper to insure than a camry.

My 2004 tahoe with liability only was about the same as my 911 turbo with comprehensive.
Posted by rd280z
Richmond
Member since Jan 2007
2313 posts
Posted on 9/17/19 at 7:30 am to
Repairs and maintenance would be pretty high $$$
Posted by goofball
Member since Mar 2015
16898 posts
Posted on 9/17/19 at 7:35 am to
Why not a new E63?
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58385 posts
Posted on 9/17/19 at 7:39 am to
Well your premium on comp and collision is related to the ACV of the car. I would think a $200k car would be more expensive than a Camry to insure with all else being equal.
Posted by baldona
Florida
Member since Feb 2016
20514 posts
Posted on 9/17/19 at 7:41 am to
quote:

would feel much more comfortable buying a car from an open checkbook-type previous owner though.


Anything with under 60k miles is likely an owner on a lease or that bought it with plans to just trade it in after 1-3 years. They don’t really care about maintenance outside of the minimum they need to do for their lease or trade in.

It’s not even the money most of the time, it’s they don’t see the point in wasting their time on something that’s under warranty and doesn’t affect them.
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 9/17/19 at 7:47 am to
Owning a Mercedes is like dating a redhead, it's fun until things start going wrong.
Posted by VetteGuy
Member since Feb 2008
28316 posts
Posted on 9/17/19 at 7:58 am to
Correct, when they're new.

After they get older, like anything else, they get cheaper.

You can also get collector-type policies that pay agreed value. They have mileage limitations which usually work fine for a 3rd or 4th car.
Posted by Ex-Popcorn
Member since Nov 2005
2143 posts
Posted on 9/17/19 at 8:01 am to
quote:

I’ve had my eye on a 2011 550i with 6 speed tranny. Can get them for around 12k. Turbo v8 with a stick. Yes please.


Good luck with that N63 V8 engine. Make sure the oil valve stem seals have been replaced already. If not, you're looking at a 7-8k repair bill that you *will* incur very soon.
Posted by jordan21210
Member since Apr 2009
13398 posts
Posted on 9/17/19 at 8:37 am to
Tyler Hoover bought a similar year E63 Wagon with slightly more miles and has been having major electrical issues. Doesn’t mean that car will, but it’s definitely a gamble with 125k miles.

If this is supposed to be a second “fun” car for you, I feel like there are better options with less miles but for slightly more. I’d personally rather have something like an E55 for daily driving duties, comfy and quick. Get something not as practical and more fun for a second car, that’s the purpose.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58385 posts
Posted on 9/17/19 at 8:44 am to
No doubt, but new was my point since the post I replied to had the S65 at $200k. If both were valued the same then obviously the premium would be around the same.
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 9/17/19 at 9:04 am to
Yeah, that's a no for me Dawg.

While AMGs are very affordable on the used market, you are still maintaining a $100k-$200k vehicle. Case in point, look at any of the 65 varients, you're looking around $5k for a brake job despite picking up a used one for $30k. You cannot cut the cost by buying shite quality parts at Auto one, they are not available.
This post was edited on 9/17/19 at 9:20 am
Posted by saint tiger225
San Diego
Member since Jan 2011
36815 posts
Posted on 9/17/19 at 9:22 am to
quote:

I’ve had my eye on a tranny
More power to you!
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35558 posts
Posted on 9/17/19 at 9:38 am to
quote:

No doubt, but new was my point since the post I replied to had the S65 at $200k. If both were valued the same then obviously the premium would be around the same


It has a lot to do with the driver pool.

Sure, a camry is only worth a fraction of the AMG, but the typical camry driver gets into wrecks a lot more than the average amg driver.

It's not just value. That tahoe had about 1/8th of my turbo's value and liability only was a few bucks a month less than full coverage on the Porsche. Because people who drive turbos are less risky than people who drive tahoes.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58385 posts
Posted on 9/17/19 at 9:49 am to
Well they are more practical so they are on the road more than the average Porsche as well
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31302 posts
Posted on 9/17/19 at 9:58 am to
quote:

I have my degree already, and grad school is paid for. Stipend + money I've saved up would allow me to easily afford it. The only wildcard is the reliability of the C43 and maintenance costs.


I am struggling to come up with a worse purchase at your age and situation than something like that car.
Posted by Clames
Member since Oct 2010
16635 posts
Posted on 9/17/19 at 10:03 am to
quote:


You cannot cut the cost by buying shite quality parts at Auto one, they are not available.



For some AMG's, they are not repairable at all. The V12 and older V8 cars are basically throw-away cars, which is why they are so cheap. Only chance of getting parts are from sellers that have stripped them off of another car and the prices are astronomical. Cars worth more in parts than they are in good running condition...
Posted by LSUTigerFan247
Member since Jun 2017
3642 posts
Posted on 9/17/19 at 3:47 pm to
Carfax looks good
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 9/17/19 at 4:00 pm to
quote:

For some AMG's, they are not repairable at all. The V12 and older V8 cars are basically throw-away cars, which is why they are so cheap. Only chance of getting parts are from sellers that have stripped them off of another car and the prices are astronomical. Cars worth more in parts than they are in good running condition...



No they aren't. Most parts are still available through the dealership.
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