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#1
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You mean LEASE a 2011. The last thing you want to do is BUY NEW to turn around a trade in at the 3 year mark. That's why i entertained the used E350 , as it has already depreciated some...
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1995 E320 smoke silver / parchment |
#2
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It's the same thing, the lease company is buying the car for you and charging an excessive amount to finance the difference between the new cost and the residual value. Do you think the lease company is losing money on the deal? If you had the cash, you could make exactly the same deal.
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#3
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WHO CARES about lease vs purchase vs paying cash .. That wasn't the question, lol... I can make my own financial decisions... my parents let me, really they do!! LOL
Lets get back on track.. Bottom line? Cars will continue to be swapped every 2-3 years... I am not going to drive a car to the ground, just to keep it 4-5 years... thank you.. ![]()
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1995 E320 smoke silver / parchment |
#4
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Plain and simple.
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'06 E320 CDI '17 Corvette Stingray Vert |
#5
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Regarding car choice, I would buy the used E320/350; IMO, you will get more car for the money and avoid taking a hit on a new car. You should be able to find a decent, low-mileage example for $30k. I'm considering buying a used one for one of my kids (probably in the $15-20k range), it's a good solid car for the price. |
#6
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1985 500SL Euro w/ AMG bits 130k ![]() 1984 300SD Turbodiesel 192k ![]() 1980 240D Stick China 188k ![]() 2001 CLK55 AMG 101k ![]() 2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!! ![]() |
#7
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#8
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The used "$30,000 E350" will be worth $10,000 (if that much) in 3 years - it'll be 6 years old. A new 2011 E350 lease for 2-3 years will not exceed that out-of-pocket any more than a smidgen. Besides, the new E350 will be 100% net repair cost free. The used E350 will be an at-risk net expense, and be worth jack at 6-years of age.
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'06 E320 CDI '17 Corvette Stingray Vert |
#9
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Quote:
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1985 500SL Euro w/ AMG bits 130k ![]() 1984 300SD Turbodiesel 192k ![]() 1980 240D Stick China 188k ![]() 2001 CLK55 AMG 101k ![]() 2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!! ![]() |
#10
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I understand that it might be a better deal than you can get from the local bank, but you are still paying more than a cash deal. I leased one new car when I was young, stupid, and broke; it allowed me to drive a car that I couldn't really afford without a down payment. In the long run, I paid too much but I thought I needed a new car. I should have bought something I could afford and saved my pennies. I wouldn't have listened to anyone either, but some of us eventually grow up.
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#11
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Leasing is the only way to go for this guy.
He'll likely be in a new 400 HP Mustang GT anyway. Or a new E350 or BMW. No way he can afford buying anything this pricey for 2-3 years outside a lease. None whatsoever.
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'06 E320 CDI '17 Corvette Stingray Vert |
#12
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'06 E320 CDI '17 Corvette Stingray Vert |
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