Buy/Lease E500/CLS500

1891 Views 8 Replies 8 Participants Last post by BillT, Apr 3, 2005

Plato

Discussion Starter · Feb 1, 2005

Hi Guys,
I have 2001 C320 Sport and thinking of upgrade.
Dealer offered new 2005 E500 bl/charc with Premium package, keyless go, rear seat package and trunk closer for about 61500 before sales tax + 2500 for a new phone system (phone included).

LEASE OPTION $818/mo with $0 down. 39 mo lease. About $35000 purchase price at lease end.
I drive about 10000 mi/yr

BUY OPTION $976/mo @ 6% for 60months $18000 downpayment.

Also I really prefer CLS i even put deposit in summer. Price with premium package and phone is about $74000 before sales tax.

I dont know exactly what it costs to lease but i would imagine about $900 month/39 mo $0 down

BUY OPTION $1076 month for 60 months with $23000 down.

I would appreciate any input on lease/buy which one you would pick and how quickly you think CLS and E500 will depreciate.

I already lost about $9000 in a year on c320 i bought it a year ago for 27000(before tax) and now dealer offers for it 18000. So I'm thinking that get $13000 equity back from c320 and lease E500/CLS with $0 down may be not a bad option.

Thanks a lot,
Plato

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BillT

· #9 · Apr 3, 2005

IMO: CLS looks great from the outside, but I didn't like the inside as much as the E. So, I just bought another E. One major difference is the visibility -- CLS is like sitting in a bath tub, similar to the CLK. Doors are very high. Plus it's the same platform and more expensive, while performance is at best the same. Your deal at $61.5k sounds fair lease or buy.

I've bought my last several cars (incl 2 MBs I still have). I last leased in '96 with no real issues, other than a feeble attempt to bill me for non-existent problems on the return, which I ended up winning. I leased this latest E, b/c I didn't want to mess with disposing of it when I'm done with it.

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