If you are OK with a payment in the $3XXX range then I would suspect you will be OK to order and wait. Changes to program, like MF, RV, prevailing rebates and even discounts will just be rounding errors at this deal value. It’s not like suddenly they will start selling for 10% off MSRP. A few hundred dollars, more or less, wouldn’t be something I would loose sleep over in your position.
That said, I would like to better understand why you prefer leasing. You’ve obviously had some level of professional success which suggests you are good with money. A lease is probably the worst fiscal instrument to acquire this vehicle. OTOH, this would be a good use-case for a balloon loan, yielding a payment closer to $1500, and I would suspect you would be left with a decent amount of positive equity when the balloon comes due. My only thought is you are able to write-off the full lease payment?
If you are worried about replacing a recently totaled AMG by ordering a brand new redesigned model, paying the absolute most possible money this car will cost to lease, for a 20 year old, and have not brought up insurance — why are we even discussing money?
Hire a broker, do some research, or go to the MB dealer tomorrow and pay MSRP + bump + marked up MF and teach your son a lesson. Think of it as a jobs program for the dealer, MBFS, the body shop, the insurance company, and the Texas Dept of Revenue (motto: the 16th Amendment is totes illegal, but damn do those tax dollars taste good)
More than a bit, this is F Type SVR + a little extra money.
To the OP; yeah you pay for the entire tax on the car in Texas without a tax credit.
The company that leases the car to you can offer you a credit on that to make the tax like what 1.5%? @Electric fact check me on that. Honestly, since we’re even having this conversation, the true answer for you in your situation is to rent a car, wait till the 2021 numbers come out, then talk.
That’s the only answer as nobody knows what’s going to happen unless we A. Work for Mercedes Benz, B. Find out from someone who does, C. Get lucky on a guess. On that bombshell, if he isn’t set on the AMG GT 63, maybe @Phantomcypher@anon26863455 (Mr. Patel, infamous Aston Martin and 7 series) and other company on this forum suggest cars.
On a side note; man I wonder what your insurance is.
Thank you! My son actually pays for the car himself. No way I could afford this. I just try to get him to choose something less expensive or at least try to get the best deal. I did try to push the AMG GT 53 s.
I have been told if the car is over a certain amount you should lease. He bought a BMW M6 and had a minor accident, the value of the car dropped substantially. The AMG 63s was only totaled due to a bad repair job, otherwise the car value would have dropped as well. So I am not sure how to advise him.
I’m his Mom trying to save him money, this whole thing stresses me.
I have been told if the car is over a certain amount you should lease. He bought a used BMW M6 and had a minor accident, the value of the car dropped substantially. The sticker price on the BMW M6 new was 127,000, we bought it one year later for 85,000. That was 42,000 less after one year (it was on the lot for 4 months before we bought). Three years later the most we could get was 32,000.
The AMG 63s was only totaled due to a bad repair job, otherwise the car value would have dropped as well. Both accidents were NOT due to careless driving and were minor, but told any accident loses equity in the car.
I have never heard of a balloon loan on a car. He would probably want to trade in the car in 2 years. But maybe I should look into a balloon loan. I just worry about potentially losing 100,000. in value due to any kind of accident. Dallas roads are terrible, narrow and a lot of pot holes.
True your Dad is right! My son is paying for the car. Even if I could afford to buy him a car like this, I wouldn’t either. I drive a Mazda and am very happy with my car.
Your son, in his early 20s pays for the car. His (?) previous car was totaled. Yet you’re referencing your lease being up in November and renting a car until this unicorn of a Benz arrives? And then this:
‘Hahaha, I am trying to trade this one in.’ – What car? The Mazda you’re driving that you’re happy with?
You’re advising him? Why are you even dealing with leasing a car for him if he’s evidently wise and successful enough to swing a 24 month $3700 lease payment?
