BUYING A MERCEDES-BENZ?
Current Market
Peak Performance
Mercedes-Benz is a renowned German luxury automobile manufacturer and a division of Daimler AG. It is one of the world's most well-known and respected automobile brands, with a history spanning over a century. Mercedes-Benz has a broad range of vehicles, including sedans, SUVs, coupes, convertibles, and electric models, catering to various market segments and consumer preferences.
Mercedes-Benz has built a reputation for producing high-quality, reliable, and luxurious vehicles. As a brand Mercedes-Benz offers a diverse lineup of vehicles, from entry-level luxury cars to high-performance AMG models and cutting-edge electric vehicles like the EQC and EQS. This extensive range allows the brand to cater to different market segments and customer preferences.
On the technological side Mercedes-Benz has consistently integrated advanced technology and safety features into its vehicles, providing customers with a premium driving experience. Features like the MBUX infotainment system and driver-assistance technologies have contributed to the brand's appeal.
Are Mercedes-Benz vehicles good investments?
From a strict financial investment perspective, purchasing a new car, including a Mercedes-Benz, is generally not considered a good financial investment. Cars, in general, are depreciating assets, meaning they lose value over time. The value of a new car typically depreciates rapidly in the first few years of ownership. While some classic or limited-edition Mercedes-Benz models may appreciate in value over time, this is more of an exception rather than the rule.
On the other hand, if you view the purchase of a Mercedes car as an investment in the enjoyment and utility it provides, the perspective changes. Luxury cars like Mercedes-Benz are known for their high-quality craftsmanship, advanced technology, safety features, and a premium driving experience
Additionally, some professionals and business owners may find value in having a luxury car for business purposes, as it can create a positive impression and enhance their brand image.
How much to spend?
The price of a brand-new 911 Carrera S has nearly reached six figures for the first time, but one can find previous generation models with low mileage for as little as £50,000.
Just like any other model range, opting for increased performance, whether it's a GTS variant or the range-topping Turbo, comes at a higher cost. However, these higher-performance cars tend to retain their value better and often come equipped with many optional features that are not found in the more standard models of the series.
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A major complaint among Porsche enthusiasts is the difficulty in acquiring cars with limited production volumes, especially the highly coveted GT models. Usually, build slots are allocated to seemingly loyal customers, many of whom likely already own one or more previous iterations of the model. Consequently, when these cars do eventually become available on the used market, they often come with a significant premium. This situation compounds the frustration of prospective buyers who were left out of the initial allocation. Porsche itself is actively taking measures to discourage car flipping for profit by not officially restricting build numbers, but it remains a contentious issue.
Financing options
The best way to finance a Mercedes-Benz
There are several financing options available to help you acquire a new or pre-owned Mercedes-Benz.
One such option is hire purchase, which allows you to make monthly payments towards the car and provides the opportunity to buy the vehicle outright at the end of a fixed-term contract.
Next there is Personal Contract Purchase (PCP) which allows you to keep, exchange or return the vehicle at the end of the agreement. This product is the most flexible form of car finance.
Once obtained, refinance is always an option. Refinance is a form of equity release that unlocks cash from your vehicle. The released funds can be used for whatever purpose you wish.
Things to consider:
1. CAN YOU AFFORD IT?
One should always keep in mind that the expenses associated with owning a high-performance vehicle such as a high end Mercedes-Benz go far beyond the upfront cost. It's essential to take into account the recurring costs of maintenance, including items like tires and brake pads. Additionally, fuel consumption should be considered. With Mercedes however, you have many more options car options than other companies giving you much more freedom with cost.
2. MAINTENANCE/INSURANCE/ADDITIONAL COSTS
Certain Mercedes parts and maintenance expenses can be undeniably high, regardless of the measurement used. Owning a high-performance car entails going through tires approximately every 6,000 miles. While independent specialists can help mitigate costs to some extent, they too are subject to the notably steep prices of original equipment manufacturer (OEM) parts.
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When insuring a limited edition Mercedes, the premiums may be comparatively lower, but the long-term costs can escalate due to the scarcity of parts and the specialized level of care required. It's crucial to consider the likelihood of engine or gearbox rebuilds and necessary bodywork for older models, particularly those susceptible to rust prior to 1997. Undertaking such repairs is inevitably costly.
3.WHAT TO LOOK FOR
The expenses associated with premium model Mercedes parts and servicing are undeniably high, regardless of any measuring standard. High-performance cars often require replacement of their tires every 6,000 miles or so. While independent specialists can offer some cost-saving measures, they are still constrained by the notably steep prices of OEM parts.
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Insuring a Mercedes is generally affordable depending on the value of the vehicle. may initially seem more affordable, and due to the abundance of dealerships, parts generally aren’t too difficult to source. When considering a classic Mercedes however , it is essential to take into account the potential need for engine or gearbox rebuilds and the inevitable expenditure on remedial bodywork, especially for older models prone to rust prior to 1997. Such repairs typically come with a substantial price tag.
4. OTHER THINGS WORTH KNOWING
Getting behind the wheel of a premium Mercedes offers a one-of-a-kind experience that often captivates its drivers. However, as the models transitioned to water-cooled engines in later generations, they became noticeably more manageable and easier to handle. As a general rule, it is reasonable to assume that the older the model you choose, the more challenging and thrilling its handling characteristics become.
BEST BUYS
Mercedes-Benz G class
Making a statement
The Mercedes-Benz G-Class, also known as the G-Wagen, is highly sought-after due to its unique appearance and popularity. It stays true to its original 1980s design, and its off-road capabilities are enhanced by the 4MATIC all-wheel drive system.
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While retaining its iconic look, the G-Class has received modern updates, such as exterior detailing, large alloy wheels, and a bold bodykit. The boxy structure provides ample space and comfort, complemented by the luxurious interior details characteristic of Mercedes-Benz vehicles.
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For those who venture off-road, the G-Class impresses with its natural habitat, thanks to the efficient 4MATIC system. Even on regular roads, the all-wheel drive system proves advantageous in challenging conditions.
Mercedes-Benz S class
The business Mercedes
Regarded as the pioneer in the executive car class, the Mercedes-Benz S-Class sets the standard for exceptional driving performance, providing unparalleled luxury and supreme comfort. It is undeniably the ultimate way to travel, particularly when combined with the 4MATIC all-wheel drive system.
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As the flagship model in Mercedes-Benz's saloon line-up, the S-Class delivers unmatched practicality and spaciousness, exuding a distinctive limousine-like silhouette. Streamlined elements like flush door handles and the iconic 3-pointed star adorning the front of the car ensure it turns heads wherever it ventures.
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The 4MATIC all-wheel drive system is available with various powertrains, such as the S 400 diesel and the potent 429bhp S 500 petrol, offering enhanced control over this sizeable vehicle. Standard AIRMATIC air suspension complements the drivetrain system flawlessly, effortlessly smoothing out the often-challenging conditions of British roads.
HOW IT WORKS
We keep our business finance options transparent - no hidden fees or nasty surprises. This is business finance made easy. Our no-obligation application won't impact your credit score.
For illustrative purposes only.
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Once approved, we'll get funds to your preferred business bank account or pay a supplier on your behalf.