Maple, which is one of Canada’s fastest growing cities in northern Toronto, now houses to the 14th and latest addition in the Mercedes Benz dealerships across Canada – the Mercedes Benz Maple.

Strategically located on the 3.4 acres in the Maple Auto Mall, the new 30-employee run Mercedes Benz Maple facility is selling the luxury sedans, sports cars, and the Mercedes Benz auto parts. Moreover, the German automaker’s smart car will also be sold in this dealership that is situated between Vaughan Mills Mall and Canada’s Wonderland.

The very first vehicle bought in the Maple dealership was a striking Mercedes Benz SL550 sedan, which was geared with in an 18-inch AMG double-spoke alloy wheels with front air dam, grille and tail lights. Cathy Zanchin, who bought the Mercedes Benz SL model coupe, was delighted to have been tagged as the the first official customer at the Benz Maple branch.

“This new facility is absolutely gorgeous; totally what I expected from Mercedes-Benz but above all, it is very conveniently located for me,” said Zanchin. ”I live close to this booming part of Toronto and it made great sense for Mercedes-Benz Canada to build a dealership here.”

This Maple-based dealership, which is a total of 37,000 sq ft., is one of the seven of the brand’s operating in the Greater Toronto Area. Maple has 14 service bays, three wash bays, a fully stoked Benz parts department, and a drive-in reception area. To date, over 14 Mercedes Benz dealerships, which are either retail owned or operated, are made available for the Canadian market. The establishment of these branches, which are four in Toronto, four in Vancouver, two in Montreal, and one in London, provided more than 900 of jobs across Canada.

Mercedes Benz Canada opened the Maple branch last August 20 and has been running for business since then.

Cashing out more than a hundred thousand dollars for a car does not stop there as an expensive automobile equals a higher price for insurance.

This is the primary factor for the car insurance tag price. The luxury brand Mercedes Benz is considered to be one of the top-priced cars that needs as much insurance. About $135,400 is being cashed out on a 2007 Mercedes Benz SL model because of its top-caliber Mercedes Benz parts. With that base market price, $22,536 will be the corresponding insurance policy. With the expensive automotive parts and accessories, and workforce used for this brand, it is only good to safeguard these with much care. Annually, pricey car owners have to pay 20 percent of the original amount of the car. Paying on a monthly basis, however, could mean spending more on the insurance that on the car itself.

“The cost of the vehicle is primary when setting the price of a policy,” said David Wurster, president of Vincentric, a Detroit-based automotive data firm that studies car insurance costs. Vincentric gets its data from state agencies and averages these figures in compiling its list of most expensive yearly rates. “But there’s also the type of vehicle it is. Sports car owners tend to drive them a little more aggressively.”

Auto insurance companies across the United States, however, have varying factors to consider in naming the insurance price. State Farm, which is the largest U.S.-based autos insurer, has two priorities for giving the insurance tag. For starters, the insurance company will look into the the manufacturer’s suggested retail price and then go about computing on the repair cost of each model. Since luxury brands like Mercedes Benz utilizes more costly parts, the insurance policy becomes higher too.

With the leading car insurance looking into the make, the second-largest U.S.-based insurance called Allstate has a couple of different factors considered. First is that the insurance company puts more weight on the policyholder’s driving record. The policyholder with more chances of wrecking an expensive car will surely pay more. The second important factor for Allstate in giving the insurance quota is the age of the user.

“If there are two drivers with the same car, the driver with accident histories will have a higher rate. He’s shown himself to be a higher risk,” said spokesman Raleigh Floyd. “On the other hand, a 17-year-old driver is going to be more expensive to insure than a 40-year-old with a family because experience counts a lot.”

The three-pointed stars owners will not likely worry about the pricey insurance policy because these people are those that are capable of shelling out big amounts after all.

“For people of that caliber,” said a salesman at Mercedes-Benz Manhattan, “the cost of insurance really isn’t an issue.”