People don’t tend to pay cash for cars from manufacturers or big franchise dealers mainly because they refuse, money laundering regs etc.Jep wrote: ↑Fri Mar 01, 2019 9:07 amYes, i understand that. I've never brought a brand new car, they devalue too quickly. What profession were you in to afford such luxury?YaTingPom wrote: ↑Thu Feb 28, 2019 5:31 pmYes, two actually, but not here. I’m not craaazzzzyyy!Jep wrote: ↑Thu Feb 28, 2019 3:46 pmDid you purchase a brand new Merc?. when,? and why?YaTingPom wrote: ↑Thu Feb 28, 2019 3:15 pmNever owned a new BMW (has an old 1602) only new Mercedes. I guess they smell the same as BMWs - faux rich.
Did you pay cash?
It was a company car. Tax wise and economically it made sense due to the high mileages I did. Three unlimited warranties are quite helpful.
New Mercedes, and any other premium brand for that matter, are easily affordable now thanks to cheap loans and those PCP deals - where you own the car and pay a hefty fee after three years or hand it back and start again with a new car.
I paid 50% and the rest on HP at a silly 3%. No balloon.
In fact the salesman don’t like you paying “cash” (bank draft) as they don’t make any money but do on finance.