Should I get a GL or CLA? - Page 4 - Mercedes-Benz Forum

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post #31 of 63 (permalink) Old 08-21-2016, 01:21 AM
DrX
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Originally Posted by IWantGL450 View Post
In no way do I plan on selling it while having the loan ...
None of those owners planned to sell early at the start, but unplanned things happen. Accidents, illness, loss of employment, fire, and flood. Also predictable things happen - rent goes up, fuel prices go up, markets crash, recession hits, bubbles burst, businesses fail. But the most common factor is those owners were living beyond their means.

Last edited by DrX; 08-21-2016 at 01:24 AM.
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post #32 of 63 (permalink) Old 08-21-2016, 02:46 AM Thread Starter
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There's a problem here. $556/mo for a car? Is that an error? No way should you spend that much for a car, and no way should anyone spend nearly as much for a car as for living quarters. Unless one owns living quarters free and clear, perhaps.

And don't mind the tough love here; most of us were young once
That $556 is including my insurance
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post #33 of 63 (permalink) Old 08-21-2016, 03:01 AM Thread Starter
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None of those owners planned to sell early at the start, but unplanned things happen. Accidents, illness, loss of employment, fire, and flood. Also predictable things happen - rent goes up, fuel prices go up, markets crash, recession hits, bubbles burst, businesses fail. But the most common factor is those owners were living beyond their means.
I think My Insurance covers partial fire, partial flood, first accident with full coverage. Loss of employment/business fail/market crash/recession hit shouldn't be an issue because I work for a very fast growing County Government but yeah anything could happen. Illness shouldn't be an issue because I am covered by a High end insurance company. I guess those benefits make up a huge part of my salary. For health insurance the county pays $750 and I pay $51.
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post #34 of 63 (permalink) Old 08-21-2016, 03:12 AM Thread Starter
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Yeah I understand that the GLK and ML could potentionally be above my means however
92.6% of health expenses covered by my employer and the insurance for the GLK it advertised as not changing my rates due to my first accident and if the car is totaled I get a replacement that is 1 year above my current model year for $242

Now if 20k is still above my means I have found another car, it is a 2006 Mercedes-Benz CLS55 AMG
$15000 with 110k miles, I fine that one quite remarkable
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post #35 of 63 (permalink) Old 08-21-2016, 05:49 AM
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Lol no, you keep going back to high end cars again...CLS has routine problems with the air suspension again, just like the GL and ML (if they're equipped with one).

Honestly? If you can, just outright buy a car.

I get that you want to treat yourself and have a nice car...we've all been there. Even I'm not immune, some days I've given serious thought about buying a S class or a GL...because i work on these cars so much, I could keep them on the road indefinitely with very little out of pocket expenses. But then life comes and kicks me in the teeth. I got cold feet after asking for an insurance quote. Then I got a surprise bill at the doctor for a routine health checkup...who knew that my insurance changed their policy midway? Plus plus plus...

I have two older mercs, you can see them in my Sig. Sure, they're goofy looking, but they're very reliable and best of all? They're almost as comfortable as the S classes I work on. Plus not paying payment is very nice.

Bought the 97 for less than 1.5k, the 98 for 4.5k (it's a diesel). And I've put less than 500 into the car after 1 1/2 of ownership.

That's what I would do if I were on your position.

But if you're going to insist on owning a newer model, what about the C or E classes? A 2007 E350 can be had for less than 15k and it won't have 4 digit surprise bills like that CLS.

--1997 MB E320 161k
--1998 MB E300TD 280k
--2004 Dodge Ram 5.7L 212k and holding (damn gas guzzler)
--2011 Suzuki DL650 42k
--2007 Honda Rebel CMX250 8k. Crashed, now totalled. Gone...
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post #36 of 63 (permalink) Old 08-21-2016, 05:54 AM
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$242 for 11 months and $424 down payment for your insurance only? That's $3086 a year for insurance! WTH!

No, dude. That's waaaaaay too much.

--1997 MB E320 161k
--1998 MB E300TD 280k
--2004 Dodge Ram 5.7L 212k and holding (damn gas guzzler)
--2011 Suzuki DL650 42k
--2007 Honda Rebel CMX250 8k. Crashed, now totalled. Gone...
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post #37 of 63 (permalink) Old 08-21-2016, 07:45 AM
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$556/mo for a car? Is that an error?
It is an error - should be $566. But the OP's biggest error is spending his first paycheck before he gets it.

CLS55 AMG? WTF? It's a big milestone in your life. The best advice I had was to frame my first paycheck and not bank it.
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post #38 of 63 (permalink) Old 08-21-2016, 07:48 AM
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The best advice I had was to frame my first paycheck and not bank it.
I cashed my very first paycheck when I started my own business, but I got a certified copy. It's in my office, lol.

$778.89...replacing a ECU and reprogramming it to a W221. The old ECU is also on the wall next to it.

--1997 MB E320 161k
--1998 MB E300TD 280k
--2004 Dodge Ram 5.7L 212k and holding (damn gas guzzler)
--2011 Suzuki DL650 42k
--2007 Honda Rebel CMX250 8k. Crashed, now totalled. Gone...
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post #39 of 63 (permalink) Old 08-21-2016, 08:58 AM
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Guys, I just found my next car.

I didn't know Razer made cars - GIF on Imgur

What do you think?

--1997 MB E320 161k
--1998 MB E300TD 280k
--2004 Dodge Ram 5.7L 212k and holding (damn gas guzzler)
--2011 Suzuki DL650 42k
--2007 Honda Rebel CMX250 8k. Crashed, now totalled. Gone...
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post #40 of 63 (permalink) Old 08-21-2016, 09:01 AM
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