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Mercedes-Benz S-Class

2060 messages,  Last post on Jul 17, 2009 at 9:41 AM

You are in the Mercedes Benz S-Class Sedan Forum. Your Hosts are pat & karens

What is this discussion about? Mercedes-Benz S-Class, Car Leasing, Sedan


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#2051 of 2060
Re: beballyall [aeggroup] by drudru1
Jun 28, 2009 (6:58 pm)
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Replying to: aeggroup (Jun 26, 2009 10:52 am)

No problem, and thanks. I do own a 97 S,and a 03 ML. I bought the 97 used (2000). I realized very quickly how fast they too lose their value. In f act that was the reason I was able to afford it in the first place. But don't take my word for it, shop for a used S just for the record. In my opinion 20 years ago that would have been have been true, but no longer. Price one that's 2 or 3 years old. The used one will be bargain in comparison. At one time the car was not a buy, but an investment as well, not to mention the prestige. Now you'll have the presige because the name lives on, it's called marketing.
 
  On another note, as if you have nothing else to do, go by a MB dealer's "Service" area and you'll find more ML's there than any of the models, but you'll also find plenty of them on the road, marketing.
 
  PEACE, AND BE WELL.
#2052 of 2060
Re: beballyall [drudru1] by aeggroup
Jun 29, 2009 (7:24 am)
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Replying to: drudru1 (Jun 28, 2009 6:58 pm)

Hi.
I wanna go to dealers’ action and buy 2 years old car, that still on warranty for 2 years. Based on what I see - today you can easily buy S with about 25K-30K on it for about 40 grand. I think it's a good price. if you sell it after 2 years of ownership and calculate how much you lost - it will be a lot less than to lease this car brand new. So, you have a car, which is on warranty and you pay almost half of standard lease price. I think it's a good deal. What do you think?
#2053 of 2060
Re: beballyall [aeggroup] by drudru1
Jun 29, 2009 (7:53 am)
Reply

Replying to: aeggroup (Jun 29, 2009 7:24 am)

Actually that sounds like a pretty darn good idea, if for no other reason than the fact that leasing is never a good idea unless your own a business according to the money pros, I tend to agree with them.
#2054 of 2060
Re: beballyall [drudru1] by aeggroup
Jun 29, 2009 (11:11 am)
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Replying to: drudru1 (Jun 29, 2009 7:53 am)

I, actually, own a business and I'm leasing cars almost 15 years already. I'm always write it off from taxable income. I spoke to my accountant and the difference between leasing and owning the car is: when you own it - you can't write off your payment. The biggest amount you can write off is $1500 a year, BUT....and this is the best part, you can write off 50 cents for each mile you drive ). Now there is the question - who knows how many miles I'm driving ? So, if you driving. let's say 15K a year - this is 75 hundred bucks plus 15 hundred, which is allowed. At the end it's $9000 a year plus gas, insurance and repair expenses. All it comes to very good non taxable amount. I think there is a logic in my story.
#2055 of 2060
Re: beballyall [aeggroup] by stunyccpa
Jul 05, 2009 (4:24 pm)
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Replying to: aeggroup (Jun 29, 2009 11:11 am)

Not all true. First of all if you finance a vehicle you can still write off payments in addition to depreciation because you now own the car.
 
The IRS for tax year 2009 allows a tax deduction of 55 cents per mile for business miles driven. The 55 cents per mile is an estimate of per mile cost of total vehicle usage and therefore in that 55 cents includes gas, insurance, tolls, etc. You're other option is to document your business usage and keep all of your receipts. Because that requires alot of time and being neat and organized the IRS gives the other option of 55 cents per mile. Usually keeping records and finding out the true cost will result in higher deductions, so the IRS punishes the lazy with a much lower rate.
 
I'm not sure where you are getting an automatic $1,500 write off but logically that doesn't make sense.
 
If I buy a 100,000 Mercedes, BMW, etc. I pro rate my expenses: gas, insurance, repairs, tolls, etc. & also take a depreciation deduction over the life of the vehicle. Say I drive 15,000 miles a year & 8,500 of those are for business. 56.67% of my costs should be expensed throught the business plus depreciation & the other portion is personal and should be paid out of pocket.
#2056 of 2060
Re: beballyall [stunyccpa] by aeggroup
Jul 06, 2009 (5:41 am)
Reply

Replying to: stunyccpa (Jul 05, 2009 4:24 pm)

Thanks for info. I will confirm it with my accountant.
#2057 of 2060
Reupholster 2006 S430 Drivers seat for comfort? by bellhead
Jul 13, 2009 (1:28 pm)
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The top front of my 2006 S430 drivers seat is like a hard, raised lump and is painful as it pushes up into the back of my leg. I guess this is "thigh support." (It's more like torture.) I'm thinking of taking it to a good car reupolstery shop to maybe
replace the hard foam with something a lot softer and flatter. Any thougths on
the wisdom of this? Thanks in advance.
#2058 of 2060
2004 MB S430 or S500 by dr_j_boston
Jul 16, 2009 (1:03 pm)
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Hello all-
I am thinking about upgrading (in size) from a 06 E350 4matic to a 2004 S-class, either a S500 or S430, both w/ the 4 matic.
 
Does anyone out there have any advice on the reliability of the 2004 models? Nervous about the age, but so far, my 06 E has been solid, no issues at 54K miles.
 
Also, I checked trade in values of both and they appear to be similar. Anyone recently purchase a used 2004 or 2005 S-class and share their price range? I am looking at 2 vehicles in the 50K mile range. Boston area.
 
Thanks for any input.
#2059 of 2060
Re: 2004 MB S430 or S500 [dr_j_boston] by rockypaul
Jul 17, 2009 (5:21 am)
Reply

Replying to: dr_j_boston (Jul 16, 2009 1:03 pm)

I may have just the fleet.
 
Purchased new a 2003 S-430 and a 2007 E350 Wagon, both 4-Matics.
 
Not my first M-B's but as I insist on 4-Matic in all my cars and suv's my experience has been terrific in all matters: service, sales and customer satisfaction.
 
E class vehicles seem to have more service bulletins and I recommend getting them to a dealer for at least an oil and filter change so that all can be updated annually.
 
The S class is a truly great road trip car getting an easy 26 mpg. Oddly the E gets the same mpg on our numerous trips from NY to FL.
 
Unless you buy a M-B certified preowned vehicle you will be without warranty protection. This can be expensive. There is always something that never goes wrong but does so in the one you get. The M-B CPO would get you 3 more years and 100k mi.
 
A well documented maintenance record is your best predictor of future longevity. Also, a Carfax is a must.
 
Good luck!
#2060 of 2060
Re: 2004 MB S430 or S500 [rockypaul] by aeggroup
Jul 17, 2009 (9:41 am)
Reply

Replying to: rockypaul (Jul 17, 2009 5:21 am)

I got the same situation. My E lease coming to the end, I hate 2010 E and I'd like to buy 2007 S550 used with about 30-35K miles on it from dealer’s action and from what I see - the difference between CPO and regular car from action can be up to $15K. Even for S Class - it's a lot of repairs )) It's not always good to buy CPO. If you got good trusted mechanic, which knows MB cars it cost a lot cheaper to fix it there instead of a dealership. Another case, if you bought your car with remainder of factory warranty - you can buy extended warranty from MB ( factory warranty, not third party ), but it cost about $3K for 3 years

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