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    Hello all,

    I'm not savvy in understanding cars at all, so hope you guys can help me out. My current car is a 10 year old Honda Civic that would barely fetch over £250 in the market right now.

    I share this with my mum, and only really drive on the weekends. However after getting a good job, I want to upgrade. Since I plan to work abroad after 2-3 years, is leasing is the best idea?

    The car I fell in love with on nationwide cars is shown below:

    Mercedes A Class 5Dr A180 BlueEFFICIENCY SE (Black with rear parking sensors) = £355 deposit and 35 X £355.55 monthly payments over 3 years.

    The OTR price for this car (just released in Jan) is about 20k I think, and over 3 years I'd effectively be paying £12,979.

    So over 3 years, is the car really expected to depreciate by £12,979 with an OTR price of 20k? I'd be clocking up less than 10,000 miles a year. If it is, then leasing is a fair option?

    Finally, does anyone know if the new A Class merc would be expected to drastically fall in price at some point? It was just out in June. If it will fall in price soon (say september because new plates are out I hear), then it may be worth waiting. Not sure which action to take, any help tips or advice is welcome! thanks
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    New cars always fall drastically in value, thats something you should consider when buying straight from the showroom. So you should expect a fall in the value of this Merc.

    (Also should check your civic out because Honda announced a recall today).
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    (Original post by rickjames)
    Mercedes A Class 5Dr A180 BlueEFFICIENCY SE (Black with rear parking sensors) = £355 deposit and 35 X £355.55 monthly payments over 3 years.
    can't find that payment plan on there - closest was £350.

    Be careful - the initial payment is normally 3 months, plus ~£100-150 admin charge.
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    (Original post by rickjames)
    Hello all,

    I'm not savvy in understanding cars at all, so hope you guys can help me out. My current car is a 10 year old Honda Civic that would barely fetch over £250 in the market right now.

    I share this with my mum, and only really drive on the weekends. However after getting a good job, I want to upgrade. Since I plan to work abroad after 2-3 years, is leasing is the best idea?

    The car I fell in love with on nationwide cars is shown below:

    Mercedes A Class 5Dr A180 BlueEFFICIENCY SE (Black with rear parking sensors) = £355 deposit and 35 X £355.55 monthly payments over 3 years.

    The OTR price for this car (just released in Jan) is about 20k I think, and over 3 years I'd effectively be paying £12,979.

    So over 3 years, is the car really expected to depreciate by £12,979 with an OTR price of 20k? I'd be clocking up less than 10,000 miles a year. If it is, then leasing is a fair option?

    Finally, does anyone know if the new A Class merc would be expected to drastically fall in price at some point? It was just out in June. If it will fall in price soon (say september because new plates are out I hear), then it may be worth waiting. Not sure which action to take, any help tips or advice is welcome! thanks
    They lose a chunk when buying brand new............ you can save so much by getting on finance a near brand new Merc A class.
    Also take into account other factors such as servicing, repair costs, etc they can cost quite a lot.

    Isn't there a final payment for the car after the deposit and 3 years of payments
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    (Original post by RisinBlood)
    New cars always fall drastically in value, thats something you should consider when buying straight from the showroom. So you should expect a fall in the value of this Merc.

    (Also should check your civic out because Honda announced a recall today).
    Thanks, I will check that out. Wonder how much theyd take for my old banger though, its clocked up over 100,000miles!


    (Original post by manderton)
    can't find that payment plan on there - closest was £350.

    Be careful - the initial payment is normally 3 months, plus ~£100-150 admin charge.
    Its there, I just clicked personal quote, adjusted colour and added sensors. The min deposit they ask for is 268 exc vat (approx). Using their min deposit, plus charges and the admin costs it was just under £13k over 3 years.


    (Original post by Iqbal007)
    They lose a chunk when buying brand new............ you can save so much by getting on finance a near brand new Merc A class.
    Also take into account other factors such as servicing, repair costs, etc they can cost quite a lot.

    Isn't there a final payment for the car after the deposit and 3 years of payments
    Agreed, but what good sites are there to check for second hand merc A classes? Not very liquid in the market right? Given they were only out in Jan.

    And yes I assume there is a baloon at the end of the 3 years from nationwide, but they didnt disclose that amount online (suppose I'd need to ring up for that), although if I am to move abroad in the near future then my parents wouldn't want to cough up a baloon for a car they wont use as much.
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    (Original post by rickjames)
    Thanks, I will check that out. Wonder how much theyd take for my old banger though, its clocked up over 100,000miles!




    Its there, I just clicked personal quote, adjusted colour and added sensors. The min deposit they ask for is 268 exc vat (approx). Using their min deposit, plus charges and the admin costs it was just under £13k over 3 years.




    Agreed, but what good sites are there to check for second hand merc A classes? Not very liquid in the market right? Given they were only out in Jan.

    And yes I assume there is a baloon at the end of the 3 years from nationwide, but they didnt disclose that amount online (suppose I'd need to ring up for that), although if I am to move abroad in the near future then my parents wouldn't want to cough up a baloon for a car they wont use as much.
    You just got to look around, autotrader, cargiant I suppose, etc or even looking at Merc specialist dealers, etc.
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    (Original post by rickjames)
    Hello all,

    I'm not savvy in understanding cars at all, so hope you guys can help me out. My current car is a 10 year old Honda Civic that would barely fetch over £250 in the market right now.

    I share this with my mum, and only really drive on the weekends. However after getting a good job, I want to upgrade. Since I plan to work abroad after 2-3 years, is leasing is the best idea?

    The car I fell in love with on nationwide cars is shown below:

    Mercedes A Class 5Dr A180 BlueEFFICIENCY SE (Black with rear parking sensors) = £355 deposit and 35 X £355.55 monthly payments over 3 years.

    The OTR price for this car (just released in Jan) is about 20k I think, and over 3 years I'd effectively be paying £12,979.

    So over 3 years, is the car really expected to depreciate by £12,979 with an OTR price of 20k? I'd be clocking up less than 10,000 miles a year. If it is, then leasing is a fair option?

    Finally, does anyone know if the new A Class merc would be expected to drastically fall in price at some point? It was just out in June. If it will fall in price soon (say september because new plates are out I hear), then it may be worth waiting. Not sure which action to take, any help tips or advice is welcome! thanks
    I wouldn't really buy the A class tbh (it's one of those cars that are ugly but allows you to say to your mates 'I drive a merc'), I recommend you look into other cars such as bmw 3 series, audi a3, seat leon (gorgeous car)
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    (Original post by rickjames)
    The OTR price for this car (just released in Jan) is about 20k I think, and over 3 years I'd effectively be paying £12,979.

    So over 3 years, is the car really expected to depreciate by £12,979 with an OTR price of 20k? I'd be clocking up less than 10,000 miles a year. If it is, then leasing is a fair option?

    Finally, does anyone know if the new A Class merc would be expected to drastically fall in price at some point? It was just out in June. If it will fall in price soon (say september because new plates are out I hear), then it may be worth waiting. Not sure which action to take, any help tips or advice is welcome! thanks
    First off - make sure you can afford it. £355pm is quite a lot considering you can get a smart car for £79pm (with £2k dep.).

    Secondly - Look at an option to buy at the end (say for 20-13 = £7k), that way if it's worth £10k on the market, you can buy it from MB and sell it (£3k profit/reduction in cost). They will set the buy option to what they expect the car to be worth in 3yrs. I think they may call this PCP (personal contract purchase). Try and haggle 0% on this or a discount.

    My parents just did this with a B class. Option to buy was 9k, market value was 10.5k.

    Thirdly - Fu*k it. Get a Mini Cooper Sport (max trim for the same price). Way more fun than the small Audi or Merc.

    Sauce: I (parents) own 2 Mercs (B class {similar to new A class} really isn't good value for money) and I test drove the Audis and Minis.
 
 
 
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