Have your eye on a new Mercedes? It is going to cost you.
The new 2023 Mercedes-AMG SL comes with a more than $137,000 price tag, Jalopnik reports. That makes it the most expensive Mercedes has ever rolled out.
“The highly anticipated 2022 Mercedes-AMG SL represents the rebirth of an icon, returning to its roots with a classic soft top and sporty character, as well as a luxurious 2+2 seat roadster suitable for everyday use,” Mercedes said in a recent announcement. “With its stunning design, state-of-the-art technology and exceptional driving characteristics, the new 2022 Mercedes-AMG SL sets a new standard in the luxury sports car segment.”
Buyers can choose between two trims. The AMG SL 55 is the base model, which starts at $137,400). The top-line model is the AMG SL 63, which starts at $178,100. Those price tags do not include the $1,050 destination charge that comes with the purchase.
The pricey new wheels hit the road as car buyers are facing surging loan payments.
Monthly car loan payments reached an average of $653 in June, a record high, according to data compiled by Edmunds. Almost 13% of new car buyers financed at upwards of $1,000 a month, also a new record and roughly three times the share just two years earlier.
The price point could cause some problems for the luxury automaker, Jalopnik’s Lawrence Hodge points out.
“Starting at nearly $140,000 puts the SL in a weird gray area between cars that perform better and cost the same, or does the same luxury GT dance for cheaper,” Hodge writes. “Not to mention it now costs more than the outgoing AMG GT ($118,000). A Porsche 911 will likely cost the same and perform better at this price point as you can either pick up a 4S convertible that’ll compete with the SL 55 or a Turbo convertible that competes with the SL 63.”
Meanwhile, Mercedes is struggling to ensure that its vehicles are safe to drive.
The company announced in July that it was recalling some 1 million ML and GL sport utility vehicles and R-class minivans built between 2004 and 2015. Mercedes said brakes may fail in the vehicles because of corrosion.
The company said four months earlier that it was recalling some 2022 EQS electric vehicles because of a defect that posed a fire risk.
California Lemon Law Rights
Mercedes is not alone. Major auto manufacturers call back millions of vehicles around the globe every year. These moves often come long after defective cars have left factory floors and been sold to unsuspecting buyers.
There is good news: California car owners have valuable rights and protections under the state’s lemon law.
The lemon law requires car manufacturers to perform a wide range of repairs on vehicles under warranty and to buy back cars that they are unable or not willing to fix. That means compensating the owner for the vehicle’s purchase price, as well as financing charges, rental car costs and other related expenses.
How Our Lawyers Can Help You
If you have been stuck with a defective or malfunctioning vehicle or are haggling with a car manufacturer over repairs, the California lemon lawyers at Bickel Sannipoli APC can help you fight back.