Really? Hmm did not know that. That makes buying an older Mercedes seem a lot more attractive, if you can get one with the CPO. That said I'm sure the maintenance requirements are expensive.their CPO models have 7 years unlimited miles
Really? Hmm did not know that. That makes buying an older Mercedes seem a lot more attractive, if you can get one with the CPO. That said I'm sure the maintenance requirements are expensive.their CPO models have 7 years unlimited miles
the most expensive car you can ever own is a cheap used luxury car. i don't care what warranties they offer. they're junk and have been since the 90s.Mercedes offers a 7/100k extended warranty and their CPO models have 7 years unlimited miles so while I don't know about other manufacturers, Mercedes does have an incentive not to make them too crappy otherwise they'll eat the cost in repairs. Their standard warranty is 4 years/50k.
I think you mean a cheap used european luxury car. Parts and service for my Navigator doesn't cost any more than for an F-150.the most expensive car you can ever own is a cheap used luxury car. i don't care what warranties they offer. they're junk and have been since the 90s.
I don’t mean it as a dig on you. They know they’re gonna make out really good on that deal. You were the sucker, for them.Maybe. A chunk of that gain will just be recuperating lease payments which he no longer has to make. Perhaps if he waited until 7 months (depending on the market) he nets $1,500 in "profit" once 7 months payments are deducted. Not a big deal in the grand scheme of things.
Used Lexus seems to be doing ok, maybe not too luxury but near luxury.the most expensive car you can ever own is a cheap used luxury car. i don't care what warranties they offer. they're junk and have been since the 90s.
Given the choice between a Lexus and a Mercedes, I'm probably going with the Lexus.... unless it's something like a C63 AMG !Used Lexus seems to be doing ok, maybe not too luxury but near luxury.
The CPO warranty takes over where the factory warranty expires. There was recently a thread on here about a guy who did just that. I think he bought it with one year left on the factory warranty so he basically got a car with a 4 year unlimited miles warranty and was doing about 30k a year. It comes with a one year CPO warranty but you can get two extra years for around 2-3k depending on the model, there are dealers in the Mercedes forums which will discount the extended and CPO warranties. Another way around some of the maintenance is to get the service packages, they included required services like spark plugs and transmission fluid changes which are extra in addition to the basic services. Standard service is about $300 a year for service A and about $500-$600 for service B, they alternate. Service A is basically a glorified oil change where they check a bunch of stuff.Really? Hmm did not know that. That makes buying an older Mercedes seem a lot more attractive, if you can get one with the CPO. That said I'm sure the maintenance requirements are expensive.
They gotten better of late, my 2008 E-350 has been pretty decent but has had more repairs than my 2011 E-350 which is a newer platform. The latest platform seems even more reliable, no major complaints out there. Both of mine have been out of warranty for 5-7 years. Deprecation is pretty massive on a luxury car due to this sentiment. I have Bixenons on both cars and they used to list for $1500 a headlamp, never had any problems with mine and as time goes on, the prices drop and you can get junkyard ones if needed or just replace the broken part like ballast or motors instead of getting the entire assembly. A 4 year old car is probably at 1/2 of list price but I like to get them more at 5-6 years when they're at 1/3 or less of list price. My 2008 listed for 65k and I paid 18.5k for it when it had under 50k miles at 6 years old. With crazy car prices, it's still worth almost 9k retail, maybe slightly more as mine has 8k worth of options where most only had 3-4k. Only real crazy expense has been flat tires, replacement tires (they only last 30-40k for a set) and replacing/fixing cracked/bent rims.the most expensive car you can ever own is a cheap used luxury car. i don't care what warranties they offer. they're junk and have been since the 90s.
The reason a Lexus is considered more reliable is because they have fewer options. Car I mentioned earlier is loaded with the pano roof, keyless go, real leather, active curve illumination with bixenon headlamps and washers, parktronic, power trunk closer and folding rear seats. The folding rear seats were like an extra $500 option, not only do they fold down, but the seat cushions fold forward or can be removed so the backs fold down flat. I'd rather have the options and enjoy them before they break. With the exception of the door handles/keyless go, they haven't really broken yet.Given the choice between a Lexus and a Mercedes, I'm probably going with the Lexus.... unless it's something like a C63 AMG !
You mean a $90-$100k motor.The reason a Lexus is considered more reliable is because they have fewer options. Car I mentioned earlier is loaded with the pano roof, keyless go, real leather, active curve illumination with bixenon headlamps and washers, parktronic, power trunk closer and folding rear seats. The folding rear seats were like an extra $500 option, not only do they fold down, but the seat cushions fold forward or can be removed so the backs fold down flat. I'd rather have the options and enjoy them before they break. With the exception of the door handles/keyless go, they haven't really broken yet.
One of the major issues with the older C63 prior to 2011 was that the head bolts were weak leading to blown head gaskets and needing a 25k AMG engine, even used ones aren't that cheap. Those 6.3L engines had a bunch of other issues too.
Sorry, I should have clarified - if I were "given" either car as a choice . I mean, I would buy a Lexus but I don't think I'd ever buy an M-B and even if given one, at the first expensive repair, it would be gone.One of the major issues with the older C63 prior to 2011 was that the head bolts were weak leading to blown head gaskets and needing a 25k AMG engine, even used ones aren't that cheap. Those 6.3L engines had a bunch of other issues too.
I work at BMW and own several. Even I wouldn’t touch an AMG with someone else’s credit card.Sorry, I should have clarified - if I were "given" either car as a choice . I mean, I would buy a Lexus but I don't think I'd ever buy an M-B and even if given one, at the first expensive repair, it would be gone.
I don’t mean it as a dig on you. They know they’re gonna make out really good on that deal. You were the sucker, for them.
If it works out good for you then that’s awesome.
A member on here has a lease on an Elantra he posted about the other day. The difference between the lease buyout and what Carvana would give him is over $10k.
While Mercedes tend to have high prices, they're not that high. AMG models are in the 90-100k range so the engine can't cost that much.You mean a $90-$100k motor.
Haven't had many expensive repairs over 1k. The top two expensive repairs were the intake manifold which was about $800 and the front springs/struts. They don't making quick struts so by the time you buy the springs and struts and the other bits like strut mount, bellows, cover and bumper stop, the whole job with parts and labor was about $800.Sorry, I should have clarified - if I were "given" either car as a choice . I mean, I would buy a Lexus but I don't think I'd ever buy an M-B and even if given one, at the first expensive repair, it would be gone.
I'm tempted by them, but they're about double the price of a used base model car and then they of course have expensive stuff that goes all the time like airmatic. The brakes can also be expensive. I think parts for brakes and rotors on my E350 is a tad over $300, you can easily spend 2k on factory brakes on an E63, but I think you can use C63 brake parts so it's a little cheaper. The real difference is that traffic is so bad here that it doesn't matter how fast you can go if you're stuck in traffic all the time.I work at BMW and own several. Even I wouldn’t touch an AMG with someone else’s credit card.
It is very simple math.Mercedes reached out to me to offer to take our C300 back early with no disposition fee and no further payments (about 7 months early). When I arrived at the dealership to turn it in, I saw why. Very minimal stock on the lot and the vast majority of that was previously leased vehicles. I was happy to hand them the keys and save a few dollars--it helped me because it was one less thing to have to move.
With the youngest in military college, the Challenger does not have a driver, so my wife will drive it until sometime in the spring when we may go car shopping again if things have settled down at that point.
Anyone else have a similar experience on a lease car?
Actually, it can.While Mercedes tend to have high prices, they're not that high. AMG models are in the 90-100k range so the engine can't cost that much.
Not following this. I did not pay the 7 months and MB did not get it so how is that being added into your equation?It is very simple math.
The reason the dealer called you is:
Residual + 7 months payment = X
Current retail value = X + $4,000 (at least)
I think the issue will be is M-B doesn't make many "extra" AMG motors, driving the price up not to mention delivery time to get the replacement.AMG models are in the 90-100k range so the engine can't cost that much.
The dealer took your car.Not following this. I did not pay the 7 months and MB did not get it so how is that being added into your equation?