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Am I Mad to pay the £20k final payment ?

Discussion in 'General Mercedes-Benz Related Discussion' started by ioweddie, Jun 13, 2018.

  1. Wighty

    Wighty Senior Member

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    Your Mercedes:
    W211/E320cdi/2009 and CLK200k 2009
    If it was a 6* Focus that would be well worth it :D
     
  2. Wighty

    Wighty Senior Member

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    Just another thought , what daily mileage are you doing , bearing in mind the diesel dpf (and them not liking short distance low mileage trips )
     
  3. JBell

    JBell Senior Member

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    Your Mercedes:
    C350 CDi Estate (GAD Edition)
    Live on the IoW so I doubt it ever does a long journey
     
  4. Grotbag

    Grotbag Senior Member

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    Your Mercedes:
    2015 C220 Estate Sport Premium AND 2005 CLK 200K Convertible Avantgarde
    I just handed back my 2015 C220 Estate Premium Plus to my fleet company and came off the company car scheme. I had an option to buy it for £20K
    Instead I found the same car 2015 in Petrol fully loaded Premium Plus incl HUD. Lane assist etc with 21,000 miles for £21K.
    The petrol is so much quieter than the diesel and as you do so little mileage it wont cost you much more.
    Decided to finance it via a Halifax loan over 3 years at 3.5% pa although I may just pay it off.
     
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  5. Capra

    Capra Senior Member

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    W204 2013 C350 CDI Pan roof
    Don't blame you, at least you can now have the extras without having to pay for them yourself! I came out of our company car scheme also as the choice of cars was depressing.
     
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  6. John Laidlaw

    John Laidlaw Senior Member

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    Your Mercedes:
    W212 E63 ///AMG V8 Biturbo Volvo XC90 2018
    I opted out of our company car scheme when they gave me an Audi A6 Avant:eek:
     
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  7. Capra

    Capra Senior Member

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    W204 2013 C350 CDI Pan roof
    I finally opted out when the best I could have was a second hand 116d!! I would have jumped at the A6 at the time :D
     
  8. LostKiwi

    LostKiwi Senior Member

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    Your Mercedes:
    '93 500SL-32, '01 W210 Estate E240, 02 R230 SL500 (Malcolm Spec), 04 Smart Roadster Coupe
    Years ago I opted out of ours when they decided that any mileage beyond 20k per annum was my cost even though I was doing that for business and guys in London were getting the same scheme then claiming for trains and taxis so could do 20k pa private use!
     
  9. Capra

    Capra Senior Member

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    W204 2013 C350 CDI Pan roof
    Blimey, were you not paying tax on the car for private use then?
     
  10. Cleck

    Cleck Senior Member

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    I opted out when I realised the mileage expenses could mount up, coupled with no longer paying income tax and P11d, and a slight pay rise for losing the car meant I could pretty much buy my own car cheaper and should I lose my job, it's still my car. It's taken a good few years of slowly upgrading to get to the stage where I can buy a car similar to the ones I used to get on lease, but I'm there now and it's mine! My first (relatively recent) non-company car was a 6 year old, high mileage Mondeo diesel I paid £3k for and I worked up from there.
     
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  11. LostKiwi

    LostKiwi Senior Member

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    Your Mercedes:
    '93 500SL-32, '01 W210 Estate E240, 02 R230 SL500 (Malcolm Spec), 04 Smart Roadster Coupe
    Yep - still paying company car tax too. It was a carp scheme!
     
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  12. Rory

    Rory Senior Member

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    Your Mercedes:
    2005 C270CDi Avantgarde Estate
    What do you reckon the car would have cost, cash with a reasonable discount, when you bought it? Just wondering what the real depreciation has been.

    I bought my C Class estate at 5mths old in early 2005 and I've still got it. Thankfully I got a really good deal of the kind that doesn't seem to exist on nearly-new cars now, but I've been surprised that it's continued to depreciate quite steadily over that time.

    I guess what I'm trying to say is yours could continue to depreciate pretty heavily over the next 3yrs. Add in the extra maintenance etc, and you might not save much vs replacing it with a new car.
     
  13. daibevan

    daibevan Senior Member

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    Your Mercedes:
    W203 C200 Kompressor Elegance SE 2006
    Nothing depreciates like a new caro_O
     
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  14. OP
    ioweddie

    ioweddie Senior Member

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    Your Mercedes:
    W205 AMG Sport Line Premier Plus Estate C220d
    For Me £311 per month was easily earned by selling my model cars on ebay, of which I still have hundreds listed, so in a sense the car did not use my savings, I did not miss the £311, The £20k was in premium bonds which also has been tucked away from every day living so will not really be missed, all I'm trying to do is make sure I'm doing the right thing by keeping the best car I've ever had, and trying to minimise the losses due to dieselgate.
    The only real thing is I wish I had waited the extra 3 months for a petrol one in July 2015 but was just eager to get a new Merc to replace my W204 AMG Sport Plus
     
  15. fifthwheel

    fifthwheel Senior Member

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    Is the £20,000 written in stone, can't you bid them? I suppose they will send it to auction if you dont buy it. If they do it wont do that money there. john
     
  16. LostKiwi

    LostKiwi Senior Member

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    Which is of course your other option.
    Tell them £20k is too rich and ask them to keep you informed as to where it will go to auction if they don't play ball and discuss it with you.

    Fundamentally if you saw the car on a lot would you pay 20k for it?

    As for diesel gate don't get too hung up on it. It's more hype than reality in my view.
     
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  17. davemercedes

    davemercedes Senior Member

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    In principal you're right LK - a lot of hype but everyone's being hurt at the pumps at present: Auto Express reports: Petrol and diesel prices increased more in May 2018 than at any other point in the last 18 years... with the cost of filling a large family car increasing by £3.29. Finally the other day the AA chimed in saying prices aren't justified...
     
  18. OP
    ioweddie

    ioweddie Senior Member

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    Your Mercedes:
    W205 AMG Sport Line Premier Plus Estate C220d
    Well Decision Made, I've Bought It, Paid the final value fee!
    Lets hope I don't regret it!
     
  19. John Laidlaw

    John Laidlaw Senior Member

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    Well done! Decision made and I for one don’t think you’ll regret it for a minute....
     
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  20. Wighty

    Wighty Senior Member

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    I bet your other half just said , will you stop talking about it and just buy it :D !
     
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