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How much do I need to make to afford a Mercedes?
Typically the guidelines for buying a car is that you can afford a car that costs half your annual income. If you want a brand new Mercedes you’ll want to earn about $62,000 a year and if you want a used one around $42,000 per year.
How do I know if I can afford a Mercedes?
Keep your total vehicle expenses less than 20\% of your net household income. This is not just your monthly vehicle payment, but also all related costs, such as gas, maintenance, etc. For example, if you and your spouse bring home $5,000 per month, you should be spending less than $1,000 a month on your cars.
Is a Mercedes S-Class expensive to maintain?
A Mercedes-Benz S-Class will cost about $12,306 for maintenance and repairs during its first 10 years of service. This is more than the industry average for luxury sedan models by $602. There is also a 31.57\% chance that a S-Class will require a major repair during that time.
Who buys a Mercedes S-Class?
And it’s definitely not for everyone. Not surprisingly, most S-Class buyers are men, says Valentine O’Connor, a spokeswoman for Mercedes-Benz. “Their average age is 55, with a household income of about $300,000,” she says.
Which car can I afford with my salary?
A good rule of thumb is that the price of the car should be no more than 30\% of your annual gross salary, and your monthly car costs no more than 10\%.
Is S Class reliable?
Originally Answered: Is a Mercedes S Class reliable? They are quite reliable but maintenance is key. A properly maintained S-class can easily last for a long time. Common issues to look out for is the Air suspension (it’s a heavy car), minor oil leaks after 5-years, and the hybrid batter for newer models.
Should you buy a Mercedes S-Class?
Verdict. The Mercedes S-Class is the best luxury car you can buy, despite seriously tough competition. The key thing to remember is that while the S-Class is something of a bargain thanks to its depreciation, running costs might not be so affordable – so keep some cash in reserve.
Is an S-Class A chauffeur car?
Being in the same arena as the likes of Bentley Flying Spur and the Rolls-Royce Ghost is no mean feat. Truly made for the chauffeur-driven elite customers who demand nothing but the best on the planet. …