He who has most toys when dies is a winner..... If I want something I get it some how but I won't go into debt to get it. I change cars often, the difference I owe on new car is not large amount.
I can afford cash payment for that unless they offer me 0% interest rate. Lately a dealer had 0.99% rate where I am qualified to get 1% rate discount meaning -0.01% rate for me. Rounded to 0%.
Lease or own, I am not the type for leasing car or renting a house.

 

 

I agree 100%. Had a Mercedes that lived in the shop. I went against my better judgment, because it was "pretty." Only kept it a year and half before going back to Lexus. They guy I was dating also had a Mercedes that broke down frequently, including the AC in July in Houston. But he wasn't bothered because it was covered under warranty. However, that's not the point. It's an inconvenience to have to get a loaner, which were Camrys for the most part. My dad said it was because Mercedes doesn't want you to break down again. Lol. I've had 4 Lexus and have never had a repair, only routine service. And yes, I can afford an S-Class, but I'd be pissed paying that sort of money to drive a Camry when (not if) it broke down.

 

You are right. But just to play devils advocate, rare exceptions and a good upcoming example are 60's Ferrari's going for $45M+

 

 

 

Several times a year with older Ferrari's, Bugatti's, old American Duesenberg's from the 30s etc.. This specific Ferrari is one of 36 and was raced many times. History, pedigree, and heritage usually dictate these absurd prices. A Ferrari 250 GTO sold for close to $70M in a private sell. Not to go too of topic though, just mentioning that rare or limited automobiles might actually appreciate over time like a Toyota 2000GT. As this thread is about Mercedes, the Mercedes-Benz 500K (1934-36) is very rare and worth a pretty penny.

 

 

And houses aren't a money-drainer? Just wait till you need a new kitchen......or a new bathroom. Or when that real-estate/property-tax bill comes each year...if it is not already built into the mortgage.

Yes, a home can appreciate (or depreciate) in value over the years...but that usually doesn't do you much good unless you sell it and move (and, the more it is worth, the more property-tax you pay on it every year). And then, of course, when you sell your house, you are also probably dealing with the inflated value of the new property you are going to buy.

 

 

Just one of many different personal opinions. There are many types of car buyers. Each one's needs and wants are different.

 

I agree. Most LS buyers are going to be mature people with common sense. Now, other expensive cars like a brand new M3 sedan or a similar "toy car" I have seen people purchase that have no business owning a car that expensive who make well below six figures. I guess they think it's cool to work all week just to make that car payment to impress their friends.

 

 

I believe that is the number Lexus reps were telling dealer GM's and select media before the LS500 was available for sale. iirc