![]() At approximately $200 per month over five years or $10,000 cash, bringing home an old German sports car is easy. Sure, someone earning $50,000, $40,000, or even $20,000 a year can afford to buy a used SL. ![]() They helped with installing and removing the panoramic roof (not an easy task) for inspection and ‘waived’ the $200 dealer administration fee. ![]() Tri-Star Mercedes-Benz was a pleasure to do business with, especially our saleswoman Jill, and the rest of the staff was patient, friendly, and honest. Also, the power steering pump is starting to make a little bit of noise. Nothing about the incident was noted on Carfax it probably wasn’t serious enough to set off the air bag. Considering the exurban location of the dealer, its likely that the owner hit a small animal at some point. The only defect is a rainsense wiper sensor that was disconnected and not functioning (windshield glass was replaced years ago) and a hood that may have been painted at some point. It was locally owned and locally serviced at Tri-Star Motors in Ellisville MO and based on the condition of the body it was likely never exposed to snow or road salt. Realistically, a six-figure income would be necessary to buy a near-six-figure luxury car new.įortunately, for those of us who bottom-feed on used vehicles, the sale price of this used 1998 SL500 with 97,000 miles was $10,000 out the door (not including sales tax, paid separately in Missouri). That doesn’t include insurance or maintenance. Monthly, that would be approximately $1600.Īssuming you’re the type who responsibly spends 25% or less of your monthly income on transportation, you’d need to earn $6400 per month to reasonably afford it, or $76,800 per year after taxes. To finance such an expensive vehicle, as the previous owner did, let’s assume 60 months of payments at 3% interest. Adjusted for inflation, that’s almost $120,000 in 2012. The Mercedes SL500 with a glass panoramic roof was a hair under $90,000 in 1998. Sure, you can afford used SL, but you can you really afford it?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |