can't you take it back to MB and say that you no longer want the car ? The will then give you an amount to clear the finance ( taking the car's value into account ) and bob's your uncle. Atleast you won't be paying VW a profirt margin
If you do this I think you'll find a slight problem... Mercedes don't want the car. They can't sell them. The salesmen will still be doubled up in laughter at someone buying their car in the first place.
Drysdale: Sorry to be the profit of doom and gloom but there's an even bigger problem - you paid way over the odds for that car in the first place. If you'd done your homework then the depreciation on an A Class shouldn't have shocked you. It's also the 3dr which nobody wants and if it's not the auto model, you're in even bigger pooh. I can speak with some authority on this - I did exactly the same myself, the only difference was I bought the Special Edition A150, but it was a pre reg with 50 miles on the clock with a few grand off + and extra grand onto my trade-in (if you push hard enough, Merc will give great deals on the A-Class because they can't sell them for love nor money). I lost approx £1500 on the motor so all in all, I would have lost £4500 on that car if I had paid the full list. £4500 after 6 months on a £13K car!
I actually managed 4 months with mine - I thought it was a great car for what it was, but gave up on it only because the suspension was killing my back. It's o.k. around town but on the motorway, despite having the comfort pack, I simply couldn't drive the car for any distance. I couldn't drive the damn thing so I had no option but to sell it.
The only advise I can give is NOT to sell your car private unless you find someone who's doesn't know what they're buying into. You need to do a lot of phoning around, and need to be a little flexible in the choice of car you want, but eventually you'll come across a dealer who'll need to sell their car for one reason or another.
But you'll need to be prepared to loose lots of money. A trade value of 11k is actually quite reasonable considering. Purchasing a popular car that isn't being heavily discounted by the dealers and there's a chance you'll take couple of grand hit. Purchase an unpopular car in the wrong spec from a manufacturer who heavily discounts the car and you've no chance. Either keep the car or be prepared for the worse.
You can purchase an '07 07 plate with similar miles at a Merc dealer for £12k. You can purchase a 5dr '07 57 plate at a merc dealer for 13k (take off £1000 for the 3dr). If I were to go to a Merc dealer without a trade-in, they'd drole if I were to offer them around 11k for your car.
I guess it comes down to: you either take the massive loss right now or take an even bigger loss later on... [:'(]
Or keep it....
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