Mercedes Finance

[bad company]

I really fancied a CLS 500 & found a new one sitting in a dealers with a good spec and nice discount. They wanted 11.9% APR to finince it so I walked away.

Now doing a deal on a Jag with 12% disount and 0% APR.

[markmullen]

If you want to email me at mark.mullen at mercedes dot co dot uk (sorry, trying to avoid spamming my work email address) I can do a mates rates deal on a new Mercedes and comfortably beat that rate.

[deva link]

bad company said:

Now doing a deal on a Jag with 12% disount and 0% APR.

You have to ask yourself, why?

[bad company]

Nothing wrong with the Jag Deva - I have been running an XJ8 for 2 1/2 years - very very nice.

[deva link]

bad company said:

Nothing wrong with the Jag Deva - I have been running an XJ8 for 2 1/2 years - very very nice.

I don't really see the point of your original post - unless it's an advert for Jaguar's latest finance deal?

Maybe the MB dealer has a limited allocation of CLS's?

[bad company]

deva link said:

bad company said:

Nothing wrong with the Jag Deva - I have been running an XJ8 for 2 1/2 years - very very nice.

I don't really see the point of your original post - unless it's an advert for Jaguar's latest finance deal?

Maybe the MB dealer has a limited allocation of CLS's?

Deva - No they don't. I suspect that a buyer has pulled out and left them with a highly speced car which isn't moving so they discount it. Fair enough but I thought it underhand that they are now trying to recover the discount by loading the finance. At that rate they will expect a fat commission cheque from the finance company - in this case Mercedes finance.

[deva link]

bad company said:

Deva - No they don't. I suspect that a buyer has pulled out and left them with a highly speced car which isn't moving so they discount it. Fair enough but I thought it underhand that they are now trying to recover the discount by loading the finance. At that rate they will expect a fat commission cheque from the finance company - in this case Mercedes finance.

It's not really underhand - surely the sort of person buying a CLS would have a bit of a clue about finance / APR's etc?

I bought a Merc for cash (with a 10% discount) and they were so keen for me to take finance that they offered such a low rate that I reckon I could've taken their finance, kept my money in the bank (in my wife's name as only 22% tax) and have been slightly better off.


I'm sure the Jag is very nice, but the upfront cost and finance package might pale into insignificance if it loses a shed load of money while you own it. OK, all car do that, but the big question is whether the whole life cost of the CLS would be lower than the Jag's? (I've no idea of the answer, by the way!).

Edited by deva link on Thursday 20th July 23:22

[Phil Hopkins]

bad company said:

I really fancied a CLS 500 & found a new one sitting in a dealers with a good spec and nice discount. They wanted 11.9% APR to finince it so I walked away.

Now doing a deal on a Jag with 12% disount and 0% APR.

11.9% APR is pretty normal stuff for a main dealer finance rate (if it's a PCP). Jaguars normal PCP rates start from 10.9%, was the 0% a HP deal or an APP finance scheme?

[bad company]

It's a pcp at 0% APR and no payments. In round figures it's pay half now with the balance in 2 years.

[Phil Hopkins]

Ahh it's the APP thing, you're right, basically a PCP but with no monthly payments. Was it the S-TYPE or XJ you've bought?

[bad company]

XJ8 4.2 Soverign

[Phil Hopkins]

Fantastic car hope you enjoy it!