Mercedes

GHazy

GHazy

GHazy

Associate
Joined
18 Sep 2008
Posts
362
Location
Wales
Hi all,

Looking to buy a new car one being a Mercedes c class coupe, either the 220 or 250 sport version. Does anyone own one or driven these and what do you think. They are giving almost £8k off a new one. Currently drive a 118d coupe m sport.

Would love the new type r or Ford mustang but running costs are high for what I do.

Thanks
 
They are giving 8k off because its totally ancient and is being replaced. Not a good buy new.

Bizarre shortlist too, C class or Civic or Mustang :confused:
 
So it's a good time to buy if you want current shape if the car is good. Not a strange shortlist it's practical car vs non practical really. All similar in cost but insurance, tax, running costs are far higher on other two. .

I have looked at 2 series or 4 series but no real good offers on new and not a fan of Audi. So I'm guessing c class is crap?
 
It's not crap its just very very old, its a coupe version of the Class introduced 8 years ago and is more of a rival for the old 3 Series coupe - out of production - not the 4 Series.

An all-new car is just about to launch hence presumably the discounts on the old one.

Why are you so bothered about road tax etc if your budget extends to a brand new Mercedes Benz? It's very hard to buy a car that has expensive road tax these days anyway.
 
[TW]Fox;27940071 said:
Why are you so bothered about road tax etc if your budget extends to a brand new Mercedes Benz?
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^ This is quite an important question which you should be asking yourself.
 
Weird that as last night I was looking at leasing. It's actually cheaper leasing than getting a car on pcp! Any advise on who's good to lease from? That car looks lovely.
 
Remember with PCP you own a bit of it by the end and you have the choice of buying it at the end. A lease you own nothing, you hand it back and get another if you want another - with another set of advanced rentals
 
The potential of owner a bit of the car. The guaranteed future value might not give you anything towards a new car but yes you could end up with some money. The theory is the same though pcp you are paying the depreciation of the car and lease is loaning a car so similar. I've looked just as an example x class coupe to buy on pcp is 3000 deposit, 7000 dealer contribution and then 330 a month for 3 years. Same car from applied leasing is 9+23 @ 230 a month. So just over £2k and then 230 a month.

So roughly over 3 years I'd pay about £3k more on pcp, So the car would need to be at least 3k more than the gfv to make it better plus I pay road tax etc.

Short term leasing is looking better? But I could be totally wrong.
 
You can set the GFV so that yore comfortable with the "equity" at the end - id be surprised in that example of you didn't have 3k left in it. At the end of the PCP you could get a loan for the balance and keep paying, then own the car.

On a lease, you have to hand it back and stump up another 3k for the next deposit.
 
GHazy said:
The potential of owner a bit of the car. The guaranteed future value might not give you anything towards a new car but yes you could end up with some money. The theory is the same though pcp you are paying the depreciation of the car and lease is loaning a car so similar. I've looked just as an example x class coupe to buy on pcp is 3000 deposit, 7000 dealer contribution and then 330 a month for 3 years. Same car from applied leasing is 9+23 @ 230 a month. So just over £2k and then 230 a month.
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This is simply because you've shopped around for a competitive lease deal yet taken a totally crap dealers first offer PCP as the PCP comparison.

Generally, the cheapest > most expensive ways of borrowing money to buy a car are as follows:

a) Bank Loan
b) Hire Purchase
c) PCP
d) Lease

There are exceptions to every rule and occasional deals which might change the order slightly, but on average, the above is the case. Leasing is generally the most expensive way to drive a car.
 
You're talking total cost obviously - as a loan or HP will be a lot more per month but you own the car at the end. If you're focussing on monthly cost, lease and PCP would have the lowest monthly payments
 
iaind said:
You're talking total cost obviously - as a loan or HP will be a lot more per month but you own the car at the end. If you're focussing on monthly cost, lease and PCP would have the lowest monthly payments
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Of course I am talking about total cost, this is the only sensible way to appraise the cost of relative funding methods. Picking the lowest monthly results in the highest cost generally, lenders know this and take advtantage of the fact many people don't bother to look further.
 
[TW]Fox;27944694 said:
Of course I am talking about total cost, this is the only sensible way to appraise the cost of relative funding methods. Picking the lowest monthly results in the highest cost generally, lenders know this and take advtantage of the fact many people don't bother to look further.
Click to expand...

Of course, totally understand - my post was clarifying for the OP mainly.

For most people, the cost issue has to be a balance I think. A loan or hire purchase might be double the monthly outlay of a lease - even though it's cheaper in the long term, almost everyone takes home a monthly wage of some sort and has to fit their outgoings around it.

If you're conscious of monthly outgoings and dont have a lot of capital to put down, then getting a good rate PCP with a sensible agreed GFV is not a bad way to do it. It combines low monthly payments with at least the option to own the car. If you're more bothered about ownership and plan to keep the car a while, the loan or HP is probably right. I can't see why you'd lease anything outside of business though.
 
To be honest if you are conscious of monthly cashflow and have limited capital surely the answer is that its probably not the situation that best supports a brand spanking new premium vehicle.
 
[TW]Fox;27944957 said:
To be honest if you are conscious of monthly cashflow and have limited capital surely the answer is that its probably not the situation that best supports a brand spanking new premium vehicle.
Click to expand...

Probably not, but a lot of people will go this route! A less premium, nearly new vehicle on PCP might not be a terrible idea for someone in this situation though
 
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