Last post on Jun 28, 2011 at 8:52 AM
You are in the Mercedes Benz S-Class Sedan
What is this discussion about?
Mercedes-Benz S-Class, Car Leasing, Sedan
#2055 of 2088 Re: beballyall [aeggroup]
Jul 05, 2009 (4:24 pm)
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 2088 Re: beballyall [stunyccpa]
Jul 06, 2009 (5:41 am)
Thanks for info. I will confirm it with my accountant.
#2057 of 2088 Reupholster 2006 S430 Drivers seat for comfort?
Jul 13, 2009 (1:28 pm)
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 2088 2004 MB S430 or S500
Jul 16, 2009 (1:03 pm)
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 2088 Re: 2004 MB S430 or S500 [dr_j_boston]
Jul 17, 2009 (5:21 am)
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.
#2060 of 2088 Re: 2004 MB S430 or S500 [rockypaul]
Jul 17, 2009 (9:41 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 dealerís 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
Nov 23, 2009 (5:43 pm)
I'm thinking about purchasing an extended warranty for my 2006 S500. The 6yr/75,000 is $3300. The 7yr/75,000 is for $3800. Has anyone had any problems with any dealers not covering what the warranty says?
Dec 07, 2009 (7:51 pm)
Who are the idiots that engineered MB trunk locking systems. I bought a new $115k loaded S550 and didn't realize that MB does not offer an automatic locking and unlocking feature that ALL other manufacturers do. Even my Chevy Corvette unlocks as you approach and locks when you leave. What makes thing worse you can not lock the trunk and leave it locked. Once you unlock the cabin the trunk unlocks, should you "step away" from your car, the contents of your trunk are exposed. From time to time, I will carry large sums of money, gold bullion, golf clubs. Last week, a criminal lifted my trunk and took a $1200 briefcase with 8 car titles, my check book and a Macbook.
My dealer was clueless as was the MB hotline. Now I remember why I switched to Lexus a few years ago.
#2064 of 2088 Re: S-class reliability [aeggroup]
Dec 07, 2009 (8:06 pm)
Not sure what the 07 warranty is. 50k I think. Nobody in their right mind wants to own one of these potential bombs past the warranty period. The premium for an extended warranty will tell you what the insurance company thinks of their potential for a huge loss. Extended warranties are upwards of $4000. . .a lot more than a Lexus LS.
I had an 07 and was FORCED to trade it on an 08. I took it in for the 30k mile service. The dealer ran some high pressure super duper MB approved fuel sys. cleaner thru it and the motor never ran the same. It wouldn't hold a steady idle, with a periodic misfire idle. After 7 or 8 trips back to the dealer where they kept the car for weeks at a time, I found out that they had torn the "top end" of the engine down AND STILL DIDN'T FIGURE IT OUT! Not wanting to own a car with a engine that had been torn down by the Insane Clown Posse, I traded it for a new one, taking a huge loss.
These cars are complicated, finicky and require expensive service. They ride great, handle good and have more prestige than anything but a Bentley.
A Lexus will always be better and that is what I am going to trade my S-Class as soon as I can. If you have a big ego (like me), get the Benz. If your smart get the Lexus.