Date registered: Jun 2013
Vehicle: 2003 CLK320 (A208) in Triple Black
Location: Atlanta, GA
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Good choice. Now is the time to get a complete diagnostic done and compile a list of all the things that have to be repaired, replaced, and/or maintained. Calculate the amount you would have had to spend for a down payment on a new car, then add taxes, registration, and insurance differential (plus two or three car new car payment)s. That's the minimum amount of money that you are saving by NOT buying a new car, and the amount you can commit to your current Benz.
I tend to keep my cars for a reasonably long time and have used this technique several times to enhance/prolong the life of several cars that I felt were better than what I could replace them with (or that I really liked).
PS--Late in 2011 I spent nearly $2500 on a car that was only worth $1K when all "fixed up". It lasted for another 18 months. I figured doing that saved me at least $6600 [$1500 down + $6300(18 X 350/mo payments) + $1300 (estimated of Title Ad Valorum Tax in GA) -$2500 ((repair cost)] that I would not have had if I had bought a new car then. I wound up "donating" the car and getting a tax write-off to boot. MBs are excellent candidates to a prolonged life since their "bones" are so strong and well engineered. --cgc--
'03 CLK320 (A208)--"Nyx"--Black/Black/Black (104K)
'09 Camry Hybrid--"Cassandra"--Red/Tan (60K)
'10 Tundra SR5--"Xena"--Black/Tan/Black Cap (15K)
'15 Highlander Limited--"Pandora II"--OohLaLaRouge/Tan (3K miles)
'16 VW GTI--PP & DSG--"Ostara"--Black/Black (114 Miles)