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The drug dealers choice


Davyo
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They are doing some cracking lease deals

The lease deals on Mercs has all but destroyed the secondhand value of 3 year old cars. In order to keep the production lines running they were pushing them out on incredible lease deals. There is always a reckoning though, three years on those lease cars have to be shifted and the market is now flooded. The prices they are going out for is real bargain basement stuff.

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The lease deals on Mercs has all but destroyed the secondhand value of 3 year old cars. In order to keep the production lines running they were pushing them out on incredible lease deals. There is always a reckoning though, three years on those lease cars have to be shifted and the market is now flooded. The prices they are going out for is real bargain basement stuff.

Benefits the new leaser and the buyer of 3 year olds?

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Benefits the new leaser and the buyer of 3 year olds?

Oh yes, look at this

https://www.mercedes-benz.net/p/uk/en/used-cars/e-220-cdi-cabriolet-amg-sport/0e29bc06e31c0b99001c0e2718f01292?gclid=CIvKtcLCp9QCFdS7Gwodd2cGFA&csref=web1606080001_ppc_100616&s_kwcid=AL!160!3!171726345735!e!!g!!mercedes%20approved%20used&ef_id=WTW7wwAAAbt@tCZk:20170605201459:s

 

That's probably a £70,000 car new, 3 years old 34,000 miles and it comes from Mercedes Approved with full Mercedes warranty I just picked that one at random. There are thousands like that, they can't sell them.

 

The second hand car market is going through the floor at the moment, especially the prestige end. I bought a Merc SL55 AMG for £14,000, that would have been over £100,000 new. Nobody but an old g it like me can afford to insure it.

Edited by Vince Green
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Probably less chance of being pulled too.

 

I had no end of passengers I thought might have been dealing when I was cabbing but I always said do what they do around the corner from me so I can't have seen anything. They tend to look after the driver because of the minimal chance of cabs being stopped or attracting attention.

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Probably less chance of being pulled too.

 

I had no end of passengers I thought might have been dealing when I was cabbing but I always said do what they do around the corner from me so I can't have seen anything. They tend to look after the driver because of the minimal chance of cabs being stopped or attracting attention.

They also often sit in the back seat behind the driver of they have a large amount and push whatever the have under the drivers seat with their feet, if the car gets pulled over they can deny it being there's and say it's either the drivers or someone else left it there
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Oh yes, look at this

https://www.mercedes-benz.net/p/uk/en/used-cars/e-220-cdi-cabriolet-amg-sport/0e29bc06e31c0b99001c0e2718f01292?gclid=CIvKtcLCp9QCFdS7Gwodd2cGFA&csref=web1606080001_ppc_100616&s_kwcid=AL!160!3!171726345735!e!!g!!mercedes%20approved%20used&ef_id=WTW7wwAAAbt@tCZk:20170605201459:s

 

That's probably a £70,000 car new, 3 years old 34,000 miles and it comes from Mercedes Approved with full Mercedes warranty I just picked that one at random. There are thousands like that, they can't sell them.

 

The second hand car market is going through the floor at the moment, especially the prestige end. I bought a Merc SL55 AMG for £14,000, that would have been over £100,000 new. Nobody but an old g it like me can afford to insure it.

I might stand corrected but that is most likely a low to mid 40k car, not a 70k car new.

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I did look into a s/h Mercedes-Benz last year and it's some new fangled finance system they use called pp something or other. Big deposit, £300 ish or so a month for somewhere between 3 and 5 years then at the end you still dont own it you have to either pay them a lump sum or they take it back as px and give you a newer one so you are constantly paying them. The sales man's pitch was "how much do you want to spend every month" and "how much deposit do you have and I'll tell you what car you can drive away in today" No interest in a straightforward sale whatsoever and I wish I had given him a fake phone number! Phoned me every day for the next month

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I did look into a s/h Mercedes-Benz last year and it's some new fangled finance system they use called pp something or other. Big deposit, £300 ish or so a month for somewhere between 3 and 5 years then at the end you still dont own it you have to either pay them a lump sum or they take it back as px and give you a newer one so you are constantly paying them. The sales man's pitch was "how much do you want to spend every month" and "how much deposit do you have and I'll tell you what car you can drive away in today" No interest in a straightforward sale whatsoever and I wish I had given him a fake phone number! Phoned me every day for the next month

Don't think that's totally true, I have bought three Mercs now on hp from the dealer and all financed through Mercedes not some third party or my bank!

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I did look into a s/h Mercedes-Benz last year and it's some new fangled finance system they use called pp something or other. Big deposit, £300 ish or so a month for somewhere between 3 and 5 years then at the end you still dont own it you have to either pay them a lump sum or they take it back as px and give you a newer one so you are constantly paying them. The sales man's pitch was "how much do you want to spend every month" and "how much deposit do you have and I'll tell you what car you can drive away in today" No interest in a straightforward sale whatsoever and I wish I had given him a fake phone number! Phoned me every day for the next month

PCP it's been all the rage since the early 2000's

 

The new one is PCH pay a deposit and monthly payment, then at the end you have to send it back in pristine condition or they charge you again, however as you don't own it (belongs to lease company) they can't reposs it to pay your other debts..... lots of the flash cars you see being driven are leased.

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PCP it's been all the rage since the early 2000's

 

The new one is PCH pay a deposit and monthly payment, then at the end you have to send it back in pristine condition or they charge you again, however as you don't own it (belongs to lease company) they can't reposs it to pay your other debts..... lots of the flash cars you see being driven are leased.

It was the pcp they tried to rope me into, after the time was up they still wanted me to pay a huge lump sum, I stopped renting stuff years ago! Did the figures and it wasn't exactly a good deal from a financial perspective either, unlike in my youth I am now a firm believer in not living beyond my means
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It was the pcp they tried to rope me into, after the time was up they still wanted me to pay a huge lump sum, I stopped renting stuff years ago! Did the figures and it wasn't exactly a good deal from a financial perspective either, unlike in my youth I am now a firm believer in not living beyond my means

You are so right to walk away. all these 'deals' turn to dust when you have to either hand it back or pay more than its worth to buy it. The enthusiasm with which they push them sort of gives their game away.

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I'm car shopping and considering my options leasing is looking very attractive (PCH) might look at PCP but the idea of buying a new car for £30k for it to be worth £10k in 3 years isn't appealing at all

 

That's just throwing £20k away I'm happier throwing £400 a month away, I have that, I don't have £30k lying around....,.

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I'm car shopping and considering my options leasing is looking very attractive (PCH) might look at PCP but the idea of buying a new car for £30k for it to be worth £10k in 3 years isn't appealing at all

 

That's just throwing £20k away I'm happier throwing £400 a month away, I have that, I don't have £30k lying around....,.

Take the longer view buy a car with the intention of keeping it for ten years. Its total madness to hand a perfectly good car back after three years. Buy or lease its still you that's paying for the depreciation one way or the other. My work van is running like new at nine years old, I seriously reckon its good for another nine easily.

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