Archive for the ‘Mercedes-Benz’ Category

Why I Am Excited About The Future Of Formula One Racing

Hey Cool Car Fans,

If you’ve ever watched F1 racing you know how cool these cars are and recently a Colorado billionaire, John Malone of Liberty Media purchased the rights to Formula One racing.  If you’ve never seen Formula One racing let me share with you from a cool website called Zeroto60times.com how fast these race cars are and you’ll see why I am excited about the future of this sport.  Especially, if we can get some more Formula One racing here in the United States.

“Formula 1 cars are some of the fastest and radically accelerating vehicles on Earth and are considered by many car enthusiasts to be the pinnacle of motorsports. Today’s F1 0-60 times are exponentially faster than predecessors of even a couple decades ago. Formula One race cars have been recorded to reach 0-60 as fast as 1.6 seconds, however the typical range for modern day F1 cars is between 2.1 to 2.7 seconds. The 2007 Honda RA107 f1 race car goes 0-100 mph in a blistering 4 seconds flat.  The 2015 Infiniti Red Bull RB11 Formula One race car jets 0 to 60 in only 1.7 seconds, and perhaps even more impressive can reach 190 mph in under 10 seconds.  Although top fuel dragsters hold the top spot for fastest accelerating race car class, the F1 race car boasts a range of superior performance stats. F1 0-60 times are extreme, however so are their ability to perform incredibly tight high speed maneuvers, decelerate and reach impressively high top speeds. Under hard braking or cornering a typically F1 car will pull 4g’s, which is over 4 times as much as a 2014 Corvette Stingray Z51 would do which produces a max of 1.03g in hard cornering. The power to weight ratio of F1 race cars would actually allow for better performance, however current traction technology limits the capability to improve these current stats. Most F1 cars weigh around 1,300 pounds with the driver and boast over 750 horsepower. In other words, the power-to-weight ratio of formula one race cars is credited for the spectacular acceleration.” – Zeroto60times.com

These cars are super cool, but the race series is not winning over new fans and that’s a problem for the future of the Formula One racing.  John Malone’s Liberty Media has agreed to buy the racing series in a deal that values it at $4.4 billion, plus debt that will take it up to $8 billion.  That’s big bucks for a racing venue, but this is Formula One racing, which is the Super Bowl of race car driving and a global audience.

Since the announcement was made back in September other news reports have said that they intend to put spending caps on race teams.  This is a great idea because Formula One has been dominated by Red Bull and Mercedes Benz.   This is because they can spend $400 million or more on putting together a racing team and other teams have been spent into ruin trying to compete, which has created an unfair advantage for smaller teams.  It’s not a big win for the fans when two teams can dominate the racing circuit with better technology and loads of cash, so it will be interesting to see how it all shakes out with the new owner.

I don’t expect that Formula One will be huge here in the United States, but we might get some Grand Prix races in some larger cities like New York and Los Angeles out of it.  I’m hopeful that in the coming year we’ll see some changes with the new ownership and that more of the races will be available to watch and follow because it’s a really cool sport.  I’m including a cool video that is under ten minutes that I found on Youtube to check out below.

I want to thank all of my clients for a great 2016 and I am looking forward to 2017 and what it has to bring.

________________________________________________________________________

John Boyd

Auto Consultant – John Boyd: The Cool Car Guy
John is an auto consultant with his license at a car dealership in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle! jboyd@coolcarguy.com or Twitter @coolcarguy

2015 Mercedes Benz GLK350 4Matic Used Vehicle Lease

Hey Cool Car Fans,

2015_GLK350.1Recently, I had a former client contact me about getting out of her 2013 Nissan Rogue lease and into a “luxury” vehicle this time around, but she wanted a low lease payment without having to put a great deal of money down.  I know that many people see the low lease payment offers on television and they believe the dealerships that they can lease an $35,000 to $50,000 vehicle for under $400 a month with nothing down.

However, what most people discover is that in the fine print of the advertisement the manufacturer wants more money down or have an annual mileage restriction of 10,000 miles or even 8,000 miles.  If you drive 15,000 miles a year for three years and you purchased an 8,000 mile lease than your vehicle will have a vehicle that is three years old with 45,000 miles and you told the leasing company that you were only going to drive 24,000 miles a year.  This happens all the time!

The salesperson tells the person not to worry about the miles because at the end of the lease they can buy it out, but what if the leasing company bet wrong on the residual and the residual is $26,500 and the vehicle is selling at auction for $24,000?  You get to buy it for $26,500 or $2,500 more than what the vehicle would actually trade for.  This is still better than being over your miles by 21,000 miles at $.25 a mile, if you give it back to the leasing company where they will cream you for $5,250 in additional depreciation, plus any additional damage the vehicle might have as well.  Which is why it’s important to purchase the right miles to begin with or get as close to where you think you’re going to drive as possible.

The Used Vehicle Lease Option

2015_GLK350.2Why do people buy used vehicles?  Because they want someone else to take all the initial depreciation on the vehicle when it drives off the showroom floor.  When you lease vehicle you are paying for the depreciation and the leasing company is setting a number on what they believe the vehicle is going to be worth, two, three, four or five years from now.  They are taking an educated guess and rolling the dice that the vehicle is going to be worth X if you put on X number of miles during the term of your lease.  As I just mentioned, many times the leasing company will be wrong and that’s a benefit for you!

What if my client had purchased the Nissan Rogue and after three years she wanted to get out of it?  In her case, she had backed into her husbands vehicle with her car and did about $500 in damage.  On top of that though, Nissan had bet wrong so the vehicle was worth about $2,000 less for trade value than the residual value was, so if she had financed it for five years and wanted out she would probably owe about the same as what her residual value was.  Now she could just give it back to the leasing company, cover the

A used vehicle lease transfers some of the risk of ownership of a used vehicle back onto the leasing company again and this is an awesome concept that you are probably not going to hear about from a franchise car dealership.  They are in business to do new vehicle leases because the manufacturer wants them leasing new cars and not leasing used cars.

You can now see the benefit of how a used vehicle lease is similar to purchasing a used vehicle. Much of the depreciation has already taken place, so you are able to transfer some of the risk of driving that used vehicle onto a leasing company.  If the vehicle gets hit with hail or in an accident, while you are driving it and you own it than you get stuck with the bad CARFAX report and I get those calls all the time from people trying to figure out what to do with their vehicle with the bad CARFAX.

A Lower Payment & A Lower Residual Value

2015_GLK350.3When you lease a used vehicle, like the pictures of this 2015 Mercedes Benz GLK350 AWD, that I ran lease numbers on for my client, a great amount of depreciation has already taken place.  For example, I ran a scenario with 12,000 miles a year instead of the 8,000 or 10,000 on a similar manufacturer’s lease with only $1,000 down, plus the first payment and 12,000 miles a year.  The numbers below are based on approved credit and you need a minimum of a 680 FICO to qualify for a used vehicle lease with most leasing companies.

This is a vehicle that I could purchase at the Dealer Auction for her with about 30,000 miles on a 2015, so it still has the remainder of the four year factory warranty from Mercedes Benz.  If she was to lease this vehicle using the estimate that I ran, which could be less depending on what I can purchase this vehicle for or one like it for through the auction it would be a very affordable lease.  It could be slightly more, but I’ve been doing this for 12 years and I’m pretty good at estimating, but I will drill down a specific vehicle for her if she decides to go in this direction.  I’m not sure why someone wouldn’t want to do this?  There is very little downside and it can be great for people in business.  Not everyone knows how to structure these leases properly though, so if someone tells you they know how to do used vehicle leases it doesn’t mean they will have the same results.

You can see the Base Payment, which is what dealers normally quote before sales tax is added to the lease payment.  Also be sure and look at the residual.  So if she were to decide to lease this really cool vehicle for 48 months she can buy it out at the end of the lease for $15,400, which is below wholesale based on sales at the Dealer Auction of 2011’s with about 78,000 miles like this should have at 12K a year.  Which is a case where if she were to put more miles on the vehicle than what she purchased she could find herself in a safe position based on the depreciation that already took place.  This is also a simple interest lease, which is another discussion all together.

 

Term Adjusted Cap Cost Residual Base Payment Sales Tax % Sales Tax Amount Total Payment
24 $30,445.00 $20,583.00 $467.05 7.85 $36.66 $503.71
30 $30,445.00 $19,521.00 $419.09 7.85 $32.90 $451.99
36 $30,445.00 $18,459.00 $386.73 7.85 $30.36 $417.09
42 $30,445.00 $16,929.00 $373.92 7.85 $29.35 $403.27
48 $30,445.00 $15,400.00 $363.87 7.85 $28.56 $392.43
54 $30,445.00 $14,132.00 $351.12 7.85 $27.56 $378.68
60 $30,445.00 $12,863.00 $340.67 7.85 $26.74 $367.41

This is a payment that many people can afford and put more money into their savings or an investment vehicle, a business venture, use for their household expenses, while still driving a late model Mercedes Benz.  How cool is that!  A person could be driving a 2015 Mercedes Benz AWD SUV for less than what they would pay to drive an American or Japanese Import. Which is why I’m The Cool Car Guy.

If you want to have me run some scenarios for your situation and have me assist you in finding a different vehicle just send me an email at the address below.
______________________________________________________________

John Boyd

Auto Consultant – John Boyd: The Cool Car Guy
John is an auto consultant with his license at a car dealership in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle! jboyd@coolcarguy.com or Twitter @coolcarguy

The New Mercedes Benz E-Class Commerical Is Super Cool

Hey Cool Car Fans,

eclasscoupeI was watching the PGA Championship today with Tiger Woods and Y.E. Yang battle it out when a commercial for the new Mercedes Benz E-Class Coupe came on.

It’s so cool that I had to track it down and post it here at CoolCarGuy.com. The car is awesome and the commercial pretty much says it all.

The new E-class is fantastic, especially as a coupe with a really neat look to it and I’m sure it will be a huge seller for Mercedes Benz as a competitor for BMW’s coupe.

Mercedes put a pretty wild website together showcasing the car with some super models as well that you can checkout by clicking here.  It’s kind of strange, but something different you haven’t seen before.

Here’s the commercial…

[youtube]http://www.youtube.com/watch?v=uiNtc29j6rY[/youtube]
_________________________________________________________________________
John Boyd

Auto Consultant – John Boyd: The Cool Car Guy

John is an auto consultant with his license at a car dealership in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle! jboyd@coolcarguy.com or Twitter @coolcarguy

Cool Car Guy – "Cool Car Shot" – 2007 Mercedes SL55 AMG Roadster

Hey Cool Car Fans,

07 SL55 1Earlier today, I was over at Murray Motors in Denver checking out a 2007 BMW X3 for a client when I spotted this sweet 2007 Mercedes-Benz SL55 AMG Roadster.

The AMG series started 40 years ago, back in 1967, where two German’s set out to build the best race cars on the road. Since then Mercedes-Benz has been creating some of the finest performance vehicles in the world. The SL55 being one of them.

What’s the big deal about this vehicle? For starters, the AMG means that each engine is assembled by hand, by a single master technician. Engine tolerance can have no variation greater than 1/10th of a millimeter. And for 2006 Mercedes-Benz AMG introduced a 6.3 liter engine that is the most powerful V8 production engine that they have ever made, which is the power plant for this high performance roadster.

07 SL55 2

The SL55 is the real deal with its V8 engine delivering up to 510hp and 531 lb-ft torque. This baby will go from 0 to 60 in 4.4 seconds and the way it’s equipped it came in with a final price tag of $149,855 for this spectacular piece of machinery.

The Specifications

Body Style – Coupe Roadster
Exterior Color – Black with Tan Leather
Interior Color – Tan

Standard Equipment
Engine: 5.4L SOHC 24-Valve Supercharged V807 SL55 3
Transmission: 5-Speed Automatic w/Touchshift
Tires: P255/35 ZR19 Fr & P285/30 ZR19 Rr
Wheels: 19″ AMG Alloy
12-Way Adjustable Heated AMG Sports Seats
Nappa Leather Upholstery
Monotone Paint Application
Radio: SIRIUS Satellite AM/FM/Weatherband/CD

Installed Features

AMG Performance Package
Voice Control
Active Ventilated Seats
Bi-Xenon Headlamps
Corner-Illuminating Foglamps
Keyless Go

Warranty Information
Basic (mo.) 48
Basic (mi.) 50,000

21 Grams film
Powertrain (mo.) 48
Powertrain (mi.) 50,000

What do you think?

Cool Car Guy Rating:
**** – Extremely Cool

_________________________________________________________________________
John BoydAuto Consultant – John Boyd “The Cool Car Guy”
John is an automotive consultant with JFR & Associates in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle!
jboyd@coolcarguy.com

Cool Car Guy – “Cool Car Shot” – 2004 Mercedes E500 4MATIC

Hey Cool Car Fans,

04 E500 1These photos of a hard loaded 2004 E500 4MATIC that is currently owned by a former professional hockey player for the Colorado Avalanche came into my email box earlier today from the legendary Jim Reitz of JFR and Associates.

I’m told that this vehicle has been garage kept with only 15,750 miles on it and that it has many of the cool options that were available for the E500 in the 2004 model.

The E500 was built in Germany and not only looks cool, but is pretty darn fast for a full size luxury sports sedan. It has a 5.0 liter V8 engine that delivers 302hp to get this baby moving from 0 – 60 in just 5.92 seconds. It’s not the most fuel efficient vehicle, but you don’t really buy luxury sports vehicles for fuel economy do you? Still the E500 gets 16 – 24 mpg from it’s 24 valve v8 engine, which means that it should average around 20.

04 E500 1In addition, the E500 was designed with safety in mind since it came equipped with ABS brakes, front, passenger and side impact airbags, plus stability and traction control.

This particular E500 has the optional premium and entertainment packages along with the wonderful 4MATIC permanent all-wheel drive system, which is great for these crazy Colorado Winters. You can tell by the photos that these shots were taken before we were buried with four feet of snow.

As an added bonus, the manufacturer’s 4 year / 50,000 warranty is still in effect until January of 2008, which is four years from its in service date, giving whoever gets this unique vehicle a remaining one year original factory warranty from Mercedes Benz.

04 E500 3To see all the options that were available for the E500 in 2004 there is a great web page that lists them all at Consumer Auto Guide.

The original MSRP for the E500 4MATIC sedan, it also came in a wagon and an AMG model, was $58,825 in 2004, plus a slew of options, such as a command navigation feature bumped the price even further. The elegant lines of the Mercedes-Benz E500 make it look sharp ,and although I haven’t had the opportunity to take this sweet ride out for a test drive, I hope to get a chance to see it up close and personal very soon.

If you’re a fan of German made Mercedes-Benz vehicles the E500 is a definite winner and extremely cool.

What do you think?

Cool Car Guy Rating:
***** – Extremely Cool

_________________________________________________________________________
John BoydAuto Broker – John Boyd “The Cool Car Guy”
John is an automotive consultant with JFR & Associates

Vertigo video

in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle!
jboyd@coolcarguy.com

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