only works with a little tax fraud, key to almost all g wagon ownership
Iām always quantitative in my financial decisions. Iām not a business owner, so assessing risk from others isnāt something I factor much in a decision like this and canāt speak of. My napkin math struggles to find equity at an interest rate of 9-10% versus 5% with $180k + $100k at the end, but it feels like the qualitative factor (sleeping at night) is a variable that has a lot of weight here. Sleeping at night is always a top priority for me, so it sounds like your decision is less financial (quant) and more avoiding risk (qual).
It appears your mind is made up and in situations that are less financial, you should go with your gut. FWIW, this is a very rare situation Iād advise against as what I see the better financial decision.
I am clutchās other intern. I am looking for an intern to the intern actually.
MBFS rug pulled once, so thatās a hard stop for my scenarios. But if you plan to take from term itās much less a factor.
One other lease end equity calculation is that a facelift (and long-rumored electrification) is possible or even likely for MY25.
The 24 order guide printed this week and no major changes.
Hit the delete button accidentally lol.
I was going to say the main reason to lease a G63 is business purposes because otherwise you are paying for non existent depreciation.
Iāve been able to play the market and get a 2021, 2022, and 2023 at msrp from three different dealers.
Obviously did well with the 2021 and only lost a little on the 2022 due to the softening market. I still got above msrp for it, but due to taxes I lost about $2,000 over 5 months of ownership.
I love my current spec and got financing in March 2023 from a credit union at 3.45%, but I like changing things up each year and staying ahead of maintenance. Iāve heard brake jobs are close to $10,000 for these vehicles.
If I can get close to msrp back for a 2024 Iāll keep it going.
Can you cook(will test skills)? And move to nyc?
Iām confused- how did the G become a hack?
Buy and hold for 12 months - resell at MSRP - I think
This is meant to be a long time hold for us, definitely to term.
And expecting to do 100,000 miles before term end.
Fwiw. Donāt forget benz charges a 4% fee to buyout your lease. If it was me, Iād rather finance it from the get-go
Looks like youāve done the math and have your heart set on this truck. Iād say ādo itā
Agree with @derekoh1991 to find one at msrp tho. They seem to be dropping quickly.
If that holds, I should have 40-50k in equity at term.
Donāt plan on buying out the lease prematurely.
Would be ideal and could have ordered one last year but decided not to and now I think the timing is right to move forward.
Iād probably get screamed at if I didnāt pay an ADM
OP is married - just buy her something that isnāt a G - I donāt get it - men buy this to flex not because theyāre going off-road
Iād buy it just to saunter around NYC
Here is a guy who doesnāt get it.