Test Drive: 2007 Mercedes Benz SLK55 AMG

While doing a trade-in appraisal of my car this past weekend, I took a spin around the block in a 2007 SLK55 AMG. This is probably the second time that I have ever driven a two-seat convertible, so I was rather excited. I had absolutely no intention of every purchasing the car, but I felt it would be fun to take it out on a spin and kill some time since my car’s appraisal was going to take about 30 minutes to complete.

It certainly was fun to cruise around in a convertible as eye-catching as the SLK55, the problem is, for a AMG, it wasn’t THAT fast. It felt somewhat sluggish and heavy at times, which was odd considering this is an AMG tuned TWO-SEAT convertible. Another thing that annoyed me was not having a “one-touch” switch to retract roof. I had to hold the stupid thing for at least 15-20 seconds for it to close. At times, it almost seemed like it got stuck.

The one thing I do like about this car is the exhaust note. It has a very deep throttling roar which makes it sound fast. Other than that, I really don’t see any reason to get one of these unless you truly love it’s SLR-wannabe looks and got lot of money to spend.

Test Drive: Infiniti G35 and G37

Over the weekend, I test drove the G35 Journey + Premium and the G37 Base. I’m still very torn as to which I’d like to take home. Based on the quotes I’ve been getting, the G37 Base seems seems to lease a little bit better due to a higher residual value. It’s been such a dilemma for me lately that I decided to write a comparison which you can read below.

Performance: In everyday driving, the extra 30hp that the G37 provides is not very noticeable. They both provide a lot of low-end torque and potent acceleration. The steering on both vehicles is very light and nimble, making them both a pleasure to drive. Edge: Tie

Exterior Styling – In terms of exterior styling, the G37 has a lower profile, smooth lines and aggressive stance. The G35, compared to the G37, look a bit pudgy. Edge: G37

Interior Styling – They look very similar inside. The fit and finish is great and the materials are massively upgraded from the previous generation of the G-series. A 7″ info screen doubles as a video screen if you decide to hook up a dvd player or a gaming console to it using AV jacks. Video will not work while the vehicle is in motion, however, I’m sure the after-market community has found a way to by pass that. Edge: Tie.

Driver Comfort – I prefer the driving position of the G37. There is a difference since the G37 sits a bit lower and it makes me feel like I fit into the cockpit vs being on top of it. Edge: G37

Passenger Comfort – The G35 excels here obviously since it’s a 4-door sedan. There is more head room in the back and it’s easy to get in and out. This is not to say that the G37 is extremely uncomfortable for passengers, the main issue I have noticed is that rear windshield extends further up into the roof, exposing rear passengers’ head in direct sunlight. This makes for a very hot ride during the summer season. Edge: G35

Creature Comforts – Having a premium package on the G35 Journey certainly adds a load of fancy features such as moonroof, bluetooth, ipod control integration, dual climate controls, auto steering tilt, etc. Not to say the G37 base is poorly equipped, but having the premium package does add quite a few “bells and whistles”. Edge: G35

Trunk Space – Surprisingly enough, the G35’s trunk isn’t THAT big, but certainly at least 33% bigger than the G37. They are very similar in width and length dimensions, however, the G35’s trunk is a bit deeper than the G37s. Edge: 35

Price – The G37 has a MSRP of $35,215 and a sale price of $32,916. The G35, on the other hand, has a MSRP of $35,665 and sale price of $32,993. Unfortunately, due to lower residual value, the G35 will cost anywhere from $10-$22 dollars more per month, depending on the term and mileage you choose. Apparently the insurance increase is insignificant (about $3 per month), making the G37 base cheaper to lease. However, this won’t be the case if you opt for the G37 Journey + Premium or any other trim for that matter. Edge: G37

Overall, some of these categories tend to favor sedans over coupes (such as trunk space and passenger comfort), making the G35 the obvious choice. If you are usually the only one in the car, don’t carry passengers or pick up people at the airport on a regular basis, the coupe is certainly the more “driver oriented” of the two. As for me, my heart tells me the G37 is what I want, but the G35’s premium package is enticing me to reconsider. I could opt for the G37 Journey with Premium, but that will set me back another $40+ a month, which is about $2000 more over the life of the lease.

May 2008 Lease Rate for 08 Honda CR-V

EX AWD
36mo/12k – residual 63% – money factor .00235
36mo/15k – residual 61% – money factor .00235

EX-L AWD
36mo/12k – residual 62% – money factor .00235
36mo/15k – residual 60% – money factor .00235

*security deposit may be required

My Take: The residual value seems to help offset the high money factor in this case. This is a nice compact SUV that gives pretty decent gas mileage. The rims on the “cheaper” version of this car are very unattractive if you ask me. The EX-L’s rims are FAR better looking, so if you can afford this model, do it. My cousin’s girlfriend recently purchased this vehicle and got a nice sale price of approximately $24500 + tax and licenses. Not bad considering it’s MSRP is in the $29,000s.

May 2008 Lease Rates for Honda Civic

Civic Coupe EX
36mo/12k – residual 60% – money factor .00165
36mo/15k – residual 58% – money factor .00165

*security deposit may be required.

My Take: The Civic is a solid performer in terms of fuel economy and performance. It’s styling may not be for everyone, but it’s a Honda, so you know they are good cars and fairly reliable. I personally like them, but I would opt for the Si since I like my cars a bit peppier.

May 2008 Lease Rates 2008 Dodge Charger SRT8

36mo/12k – residual 58% – money factor .00276
36mo/15k – residual 57% – money factor .00276

My Take: If Mazda is “ZOOM ZOOM” then the Charger SRT-8 is “VROOM VROOM”. You can hear this car come roaring down the street before you even see it, much like its distant cousin, the Dodge Viper. I think the MF is too high, maybe you can put multiple security deposits down to lower it a bit. This is a mean ride so if you can afford the gas and the insurance, do it.

May 2008 Lease Rate for 09 Dodge Journey

Journey SE 2W
36mo/12k – residual 49% – money factor .00199

Journey SXT 2WD
36mo/12k – residual 52% – money factor .00191

*$1000 cash incentive

My Take: Road and Track magazine compared all the current crossovers in a 5 car comparo. Guess who came in dead last? Yeah, good old Dodge Journey. Honestly, this car looks more like a minivan than a crossover SUV. Get an Odyssey, it may be a minivan, but you get more room, better built quality and it looks much better. The lease rates are self explanatory…leasing this will probably cost you more than buying (in the long run).

May 2008 Lease Rates for Audi A4 Quattro

36mo/12k – residual 54% (55% with Audicare) – money factor .00027

My Take: The residual stinks, but the finance charge is approximately $10 a month, so it offsets the low residual value of the vehicle. The 2.0T is great in the FWD models. Its fast, responsive and 100 times better than the 1.8T. It gets fairly decent fuel economy for a Turbo. However, the AWD adds significant weight to the vehicle, so the question is, can the 200hp 2.0 liter Turbo handle it? I know from personal experience that the 1.8T didn’t. The last thing you want to have for 36 months is “the little engine that COULDN’T”.

May 2008 Lease Rate for 08 Cadillac Escalade

36mo/12k – residual 58% – money factor 0.00256
36mo/15k – residual 56% – money factor 0.00256

* $850 lease cash.
** $1,000 if you are current GM customer.
*** Rebates are stackable.

My Take: 6.15% lease rate is good enough to deter me from anything that comes out of GM, even with the cash incentives. The Escalade is the ultimate pimp mobile of the 21st century.  If you dig that, then this is the ride for you. I, on the other hand, don’t want or need a full-size SUV of this magnitude. Plus, I don’t have the income to keep up with this ride’s thirst for gasoline.