[Rbl900]

Hey all,

The AMG C63 is one of those cars I've always thought I'd love to own.
You can pick up a 2008-2010 model here with decently low ks in Australia for $3800-43000.

If I take out a loan for that amout, the repayments are only $150 per week, which will be easy as I currently have $900 left after all living expenses (mortgage, fuel, food, tax, bills). I'm thinking the finance option as I'd rather pay the car off and keep saving the rest of my money rather than saving up the 40k and spending it all at once.

However I've never financed a car and I don't fully understand how it works. The rate is 6% p.a. does this mean I pay 6% of the loan amount every year or do I pay 6% across the life of the loan?

And aside from being fuel guzzlers, what's the upkeep expenses like on a C63 from this era?

I was looking into a GTR with a much bigger loan, and whilst it would be affordable it would be far more stressful. I'm hoping a C63 will be a good bit of fun without breaking the bank.

Cheers!

 

[Benzyle]

6% pa means you pay 6% interest every year calculated monthly on the outstanding amount.
Early C63's had some potentially quite expensive engine design faults ,,head bolts that corrode and break and cams that wear , plus valve timing problems ,,search on youtube.
Maintenance can be reasonable ,especially if you diy ,,otherwise it will cost a lot more than a regular car.
I prefer the C55 or CLK55 , since they have a simpler design , they are more reliable and economical.

 

[mattml430]

Great cars but get a 2010 on. If you find one you like make sure you see all the service history on the car. Personally I would like to get one with the cams and head bolts having been replaced if I was looking.
I would want to do a cold start on it also to make sure there is no timing chain issues.
Good luck with your search.

 

[doug_engel]

I few years back I financed an Audi S4 on an impulse buy. It was expensive to maintain and the payment on top of the maintenance costs were killing me. I swore that if I ever bought another car like that, I would save up and pay cash for it. That way, the maintenance costs would be easier to afford. I just bought a mint 2014 C63 AMG with only 20,000 miles on it. I saved for three years to be able to nearly pay cash for it. Good luck to us both.