Mercedes dealership

[mac_mac74]

a dude drops R400k deposit on a Merc SL65AMG Black Series (price: R4.5mill), a short while later cancels the deal - loses R400k - holy cr@p, i thought we were in a recession

 

[poffle]

wow.. thats hectic. What a tosser.

 

[Pitbull]

Pls explain to me how he just "Lost" the R 400k ?

 

[ToxicBunny]

How does one lose a R400k deposit?

The deposit is refundable...

 

[Slootvreter]

Some people are still rich.

 

[mac_mac74]

How does one lose a R400k deposit?

The deposit is refundable...

nope its not, but i believe they getting a lawyer involved. I think they order the car specifically for u

 

[ToxicBunny]

No, a deposit is refundable....

 

[Pitbull]

nope its not, but i believe they getting a lawyer involved. I think they order the car specifically for u

Not 100% correct.

Yes there is fee's involved for ordering a car, if it had set extras done and had to be made to a custom colour with custom interrior and so forth yes.

But there is a cool off period in any purchases these days which means if he canceled the deal within 7 days he must be given back his full R 400k and the car must be sold to someone else.

 

[mac_mac74]

k guys, im no car sales rep, heard the story from a rep. anyway, nice cabbie, some other "person who is suffering in this recession" snapped it up - 6.0 litre V12 bi-turbo .

fusking hell, i need to work harder, or is that smarter.

 

[Budza]

Some people are still rich.

Or work for the "guvva" mint

 

[W@P]

Who the fsck takes out finance on a car like that anyway, my guess is someone who cant afford it.

You would really be mad to finance that amount, i mean if he is doing so well why not just save up another mil or two together with his 400k and buy something else.

 

[mac_mac74]

Who the fsck takes out finance on a car like that anyway, my guess is someone who cant afford it.

You would really be mad to finance that amount, i mean if he is doing so well why not just save up another mil or two together with his 400k and buy something else.

when u own just about everything u need and u earn a wack, whats R4.5m on a car.
take the value of your own car as a percentage of your salary, apply that as an average on R4.5mill to guestimate what this person could be earning- scary *****

 

[JK8]

a dude drops R400k deposit on a Merc SL65AMG Black Series (price: R4.5mill), a short while later cancels the deal - loses R400k - holy cr@p, i thought we were in a recession

Rich people are still rich... where do you guys come from?
I doubt he lost the money, no transaction was made...

 

[Dolby]

I always thought people don't finances super expensive cars either.

But when working in ABSA vehicle finances, I got a call from a guy who wanted to buy a R1.6 million Ferrari. He had a R400,000.00 deposit and wanted to finance R1,2 million.

What pissed me off - jealous person as I can be - was that he was 25 with a gross income of R100,000pm from a few businesses.

I sat there (being 24) with my R4300pm salary

 

[mac_mac74]

I always thought people don't finances super expensive cars either.

But when working in ABSA vehicle finances, I got a call from a guy who wanted to buy a R1.6 million Ferrari. He had a R400,000.00 deposit and wanted to finance R1,2 million.

What pissed me off - jealous person as I can be - was that he was 25 with a gross income of R100,000pm from a few businesses.

I sat there (being 24) with my R4300pm salary

eish, bank charges are so high and they pay such k@k salaries!

 

[W@P]

when u own just about everything u need and u earn a wack, whats R4.5m on a car.
take the value of your own car as a percentage of your salary, apply that as an average on R4.5mill to guestimate what this person could be earning- scary *****

No doubt he is earning big bucks i just don't understand why anyone earning so much would want to finance that car.

Lets see, if you can fork out 96k pm on a car repayment you are getting a big pay, why not just save that 100k pm for a while and buy something cash later on.

I really wanna cry when i see/hear of these fools.

btw its 96k pm over 54 months at 11% interest with a 400k deposit

Total repayment: R5.2 mil

 

[UtterNutter]

He doesn't want to save up for a few months and buy something else, because he can AFFORD a fekking Ferrari! Why buy an M5 when you can have a Ferrari?

When you're that rich what's 4.5 or 5.5 bar?

I think the issue here is that the oke didn't have 4.5 bar RIGHT NOW. Get finance to get the car RIGHT NOW. Pay it off later (because he can).

 

[Angellus]

No doubt he is earning big bucks i just don't understand why anyone earning so much would want to finance that car.

Lets see, if you can fork out 96k pm on a car repayment you are getting a big pay, why not just save that 100k pm for a while and buy something cash later on.

I really wanna cry when i see/hear of these fools.

btw its 96k pm over 54 months at 11% interest with a 400k deposit

Total repayment: R5.2 mil

Quite simple actually What can R4mil do for you over 54 months?

That car will lose value at a shocking rate.

 

[Budza]

Yip. Another stupid tax. Okes that end up paying double for flash stuff they don't need.

 

[rorz0r]

I doubt the deposit mentioned in the OP was a finance deposit. On a car like that it's more likely that it was a deposit to get the dealership to just order the car.