Hot! Mercedes-Benz, What's Next?

[Serpens]

Oh by young i mean under 25.

In reality there's a relatively small amount of under 25 year olds buying cars like that brand new.

 

[klier]

In reality there's a relatively small amount of under 25 year olds buying cars like that brand new.

Relatively small in the U.S, absolutely unheard of in the EU.

 

[Swissbob]

Relatively small in the U.S, absolutely unheard of in the EU.

In Switzerland it’s a little bit different, the young people rather stay with the parents and lease a M3 or C63( no not the hybrid one), instead of moving out and paying the money for the rent.

 

[Swissbob]

It’s up to you If you rent a 3-4 room apartment or lease a G63, the costs are the same.

 

[Dopebouy]

In reality there's a relatively small amount of under 25 year olds buying cars like that brand new.

Young Gen recently been different. I had a chap that had a White E63s W213 at 23 in 2021. I guess being on the corporate side of things & doing crypto helps out.

Also the amount of G80 & G82s i see out here being owned by these guys is not even funny, You’ll be questioning yourself what you’re doing wrong.

Relatively small in the U.S, absolutely unheard of in the EU.

22 year olds are making videos with Hellcats & C8 Corvettes on Youtube there by the US….How much are those again?

 

[AbsoluteUnit]

Young Gen recently been different. I had a chap that had a White E63s W213 at 23 in 2021. I guess being on the corporate side of things & doing crypto helps out.

Also the amount of G80 & G82s i see out here being owned by these guys is not even funny, You’ll be questioning yourself what you’re doing wrong.

22 year olds are making videos with Hellcats & C8 Corvettes on Youtube there by the US….How much are those again?

These people are still rare. The vast, vast majority of C53/M350/S5 buyers will be people in their late 30s or early 40s.

 

[klier]

In Switzerland it’s a little bit different, the young people rather stay with the parents and lease a M3 or C63( no not the hybrid one), instead of moving out and paying the money for the rent.

That's very.....sad.

Living with your parents while driving an M3. Absolutely wild.

 

[martinbo]

Also the amount of G80 & G82s i see out here being owned by these guys is not even funny

Anyone with a modicum of understanding of our local car market knows that "these guys" don't own their cars. The bank does.
BMW Finance have these guys by the shorts with leases that will cost them money to get out of and they never end up owning the vehicle they lease.

 

[klier]

22 year olds are making videos with Hellcats & C8 Corvettes on Youtube there by the US….How much are those again?

For every 22 year old with a Corvette there's 10k 22 year olds with absolutely nothing, not even their own car.

Think of it like Onlyfans. Some makes millions a year, while 99% doesn't make enough off it to pay their monthly internet bills (yes really).

 

[Swissbob]

Anyone with a modicum of understanding of our local car market knows that "these guys" don't own their cars. The bank does.
BMW Finance have these guys by the shorts with leases that will cost them money to get out of and they never end up owning the vehicle they lease.

Depending on the market there’s a buyout option at the end of the lease.

That’s very popular in Switzerland.

 

[klier]

Depending on the market there’s a buyout option at the end of the lease.

That’s very popular in Switzerland.

Yeah here too. But most just lease the next new thing. Lease terms and the time between a facelift are exactly in line for the German brands.

 

[martinbo]

Depending on the market there’s a buyout option at the end of the lease.

Of course, that's the norm pretty much anywhere. Guaranteed future value of say 40% after 5 years means you can get out of your contract if you pony up with the cash. For people who didn't have the capital to put down on a new car in the first place, what chance they have the money to buy a 5 year old used car? Straight into another lease and debt cycle. You don't own the car - the car owns you.

 

[AbsoluteUnit]

That's very.....sad.

Living with your parents while driving an M3. Absolutely wild.

The unfortunate reality is for some, buying or owning a home is so completely unobtainable, they'd rather at least enjoy a nice car. It's not uncommon. But I tend to see it with more with older examples. E92 or F80 M3/4 or W204 C63 or F10 M5s.

Large part of the younger generations are completely priced out of what many would have considered an ordinary life 50 years ago.

 

[klier]

The younger generations don't even care about cars anymore. They're waiting for a self driving car and a robot at home.

And let's get one thing straight..... for these 22 years, an E92 M3 is just as unobtainable. Probably even more so because your have zero warranties on anything, and service is going to cost you dearly.

We're talking about the 0.1% here for the kids who have such a car. And when they do, they have parents wealthy enough to rent them an apartment too.

 

[Swissbob]

The younger generations don't even care about cars anymore. They're waiting for a self driving car and a robot at home.

Disagree, at least in my part, here almost all young males are car nuts modifying their cars.

Most of them buy cars from the 2005-2015 generation, there’s always one mate who’s mechanic, who can fix the car on Saturdays or Sunday’s.

They want Petrol engines and manual transmission, no ADAS or self driving nonsense.

The mentioned E92 M3 or 335i are still very high on the list of most sought after cars.

They put proper exhaust and KW suspension on it, and they despise the new M5 or the i cars and PHEV.

 

[klier]

Yeah it's definitely different in Switzerland, but that country isn't normal to begin with.

 

[Swissbob]

Yeah here too. But most just lease the next new thing. Lease terms and the time between a facelift are exactly in line for the German brands.

This makes sense If the new one is better, but nobody would do this with a C63S and the successor with a 4 banger hybrid.

It’s also questionable on the F90 and G90 tbh.

Sometimes people take a credit and finance the 40% final payment of the lease.

If you have a company car ( mostly EVs in today’s times) you’re driving your toy only on weekends anyway.

 

[Serpens]

Of course, that's the norm pretty much anywhere. Guaranteed future value of say 40% after 5 years means you can get out of your contract if you pony up with the cash. For people who didn't have the capital to put down on a new car in the first place, what chance they have the money to buy a 5 year old used car? Straight into another lease and debt cycle. You don't own the car - the car owns you.

You make it sound like leases are always the wrong way to go, which here is hardly the case. Leases have been favorable vs. buying in many situations for me, especially when taking advantage of unrealistically high residuals.

 

[martinbo]

You make it sound like leases are always the wrong way to go

I'm not advocating which way to go. It's entirely up to the individual. What I'm addressing is the notion of ownership. Just because one rents a house, doesn't mean you own it. It's no different when it comes to car leasing. The title deed sits with the financing house.

 

[leylandi]

CLE63