Kelley Blue Book: Value is Whaaaattt!?
08-31-2014, 05:02 PM
#1
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Kelley Blue Book: Value is Whaaaattt!?
Okay, I expect the value of any new car to drop when driven off the lot. But according to Kelley BB my 2013 AMG/P31 with every other option except the illuminated door sills and parking sensors with <3400 miles is only worth <$54K? Wow these things really drop like a rock in resale value. I have no plans to sell it but it just seems like it's such a steep drop for such a nice machine.
Anyway, just needed to vent a little I guess.
Anyway, just needed to vent a little I guess.
08-31-2014, 05:17 PM
#2
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2010 Irridium Silver MB C63 AMG Sedan
I understand your point.....but that only matters to lease holders and people who want to sell. For those of us who bought to keep, enjoy and drive....it doesn't even matter 
08-31-2014, 07:49 PM
#3
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Haha now go do the same on Edmunds. Bring tissues.
08-31-2014, 07:57 PM
#4
Mine was a rarer car when I thought about selling it in 2012 fall. Dealer offered 51,000.00 on a 2011. Sticker was about 80,000.00 in spring 2011.
They have two sets of Blue Books. One set is what they low ball you with when they buy.
I don't know the current market but i doubt you would find one like yours, for that price, on a Dealer's lot. In a year when there are no more C63 Big V8s, one like yours might bring 60,000.00 and the next year? But I don't know.
They have two sets of Blue Books. One set is what they low ball you with when they buy.
I don't know the current market but i doubt you would find one like yours, for that price, on a Dealer's lot. In a year when there are no more C63 Big V8s, one like yours might bring 60,000.00 and the next year? But I don't know.
08-31-2014, 08:24 PM
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Okay, I expect the value of any new car to drop when driven off the lot. But according to Kelley BB my 2013 AMG/P31 with every other option except the illuminated door sills and parking sensors with <3400 miles is only worth <$54K? Wow these things really drop like a rock in resale value. I have no plans to sell it but it just seems like it's such a steep drop for such a nice machine. Anyway, just needed to vent a little I guess.
Anyway, just needed to vent a little I guess.Glad to hear you have no intentions on selling. They are a fun little car. Best to just enjoy the life out of it for years to come.
Like most cars they do not go up in value and that is why I laugh when people buy cars and worry about resale value and depreciation
.
08-31-2014, 08:56 PM
#6
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I just got a stupid clean 2013 4dr 8k miles w/ plenty of options for 57k which I think is a very good price. It is not a PP
08-31-2014, 10:31 PM
#7
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2011 C63 AW
Value = What someone is willing to pay
I love my car so much, I feel like I got the deal of the century and will never sell it. I'm in it for keeps. Best car I've ever owned and I've had some great ones.
I love my car so much, I feel like I got the deal of the century and will never sell it. I'm in it for keeps. Best car I've ever owned and I've had some great ones.
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09-01-2014, 12:16 AM
#8
I'm in Ontario, Canada so our prices are more costly but I bought a 2012 C63 P31 with every option available and 49,000kms on it almost 2 months ago. Paid $53,000 plus 13% tax on it. So about $60,000 all in.
There weren't many 2012 P31's available to begin with. Some were even more expensive than this. I just checked Autotrader a couple days ago and there are even less of them on sale now. The prices also seem to be holding up well for now. I don't think the car will ever appreciate in value but I think the depreciation won't be as bad now that this is the last of the 6.2 V8's and to an enthusiast, you cannot put a price on that. I know I couldn't when I first drove the car. I knew then and there I had to have it.
There weren't many 2012 P31's available to begin with. Some were even more expensive than this. I just checked Autotrader a couple days ago and there are even less of them on sale now. The prices also seem to be holding up well for now. I don't think the car will ever appreciate in value but I think the depreciation won't be as bad now that this is the last of the 6.2 V8's and to an enthusiast, you cannot put a price on that. I know I couldn't when I first drove the car. I knew then and there I had to have it.
09-01-2014, 06:03 AM
#9
Senior Member
Your car is not an investment. It is a massive expense. It's good you check the value so you understand what it is actually costing you. Check out Edmunds true cost to own - $27,000 the first year on your particular car; $95,000 over five years. Lots of people on these board swap cars often and invest in modifications which probably push their cost up toward $30K/yr. That might be ok if you are 70 years old and have heaps of cash, but if you are young and saving less than about $300,000/yr this can have a huge negative impact on your future net worth.
09-01-2014, 06:43 AM
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C63 AMG 507 Edition
Your car is not an investment. It is a massive expense. It's good you check the value so you understand what it is actually costing you. Check out Edmunds true cost to own - $27,000 the first year on your particular car; $95,000 over five years. Lots of people on these board swap cars often and invest in modifications which probably push their cost up toward $30K/yr. That might be ok if you are 70 years old and have heaps of cash, but if you are young and saving less than about $300,000/yr this can have a huge negative impact on your future net worth.
09-01-2014, 07:23 AM
#11
Super Member
Yup, insta-depreciation with any car purchase. Agree that the car is so friggin' awesome, however, that you should have no problem reselling. But I'm keeping mine too unless the sky falls. Also be aware that what KBB and Edmunds show as their "values" are universally ignored and discounted further if you would try and trade it in. The stealerships play it like there is some sort of odd conspiracy with KBB and Edmunds in calculating value, when they're only trying to make as much cash as easy as possible.
09-01-2014, 03:17 PM
#12
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Thread Starter
Hello to everyone and Happy Labor Day!
Surf report (from Orange County, CA): 2-3 feet and sloppy. Ok that is out of the way. I'd like to thank everyone for your views and comments as they are truly appreciated. I have been following the C63 AMG since its first introduction but went with an IS F initially due to its "skunks works" and low volume. A great car in its own right, it is nothing like the AMG. I bought mine knowing full well that it would depreciate but had to have one once I found out that the 6.2L would be no more in the C63. I actually found only three that had the features I wanted and two were sold within two days of my inquiry. This one only had 43 miles on it and I put about 20 plus on it during the test drive. I paid >$75k for mine plus more for the extended warranty but as my wife says "it's a great car so don't look back." I'm 57 now and the purchase will in no way interfere with my retirement or other financial obligations. There is a reason that the C63 AMG is one of the favorites of the various magazines that cover autos and that is because it has nice but not outrageous styling, all of the creature comforts, and is a true hot rod. Plus it handles just fine. So a big cheers to all of us fortunate enough to have and enjoy one of these German hot rods.
Surf report (from Orange County, CA): 2-3 feet and sloppy. Ok that is out of the way. I'd like to thank everyone for your views and comments as they are truly appreciated. I have been following the C63 AMG since its first introduction but went with an IS F initially due to its "skunks works" and low volume. A great car in its own right, it is nothing like the AMG. I bought mine knowing full well that it would depreciate but had to have one once I found out that the 6.2L would be no more in the C63. I actually found only three that had the features I wanted and two were sold within two days of my inquiry. This one only had 43 miles on it and I put about 20 plus on it during the test drive. I paid >$75k for mine plus more for the extended warranty but as my wife says "it's a great car so don't look back." I'm 57 now and the purchase will in no way interfere with my retirement or other financial obligations. There is a reason that the C63 AMG is one of the favorites of the various magazines that cover autos and that is because it has nice but not outrageous styling, all of the creature comforts, and is a true hot rod. Plus it handles just fine. So a big cheers to all of us fortunate enough to have and enjoy one of these German hot rods.
09-01-2014, 03:31 PM
#13
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It will tank an additional 20% the day the new C63 is officially announced later this year.
09-01-2014, 03:33 PM
#14
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Your car is not an investment. It is a massive expense. It's good you check the value so you understand what it is actually costing you. Check out Edmunds true cost to own - $27,000 the first year on your particular car; $95,000 over five years. Lots of people on these board swap cars often and invest in modifications which probably push their cost up toward $30K/yr. That might be ok if you are 70 years old and have heaps of cash, but if you are young and saving less than about $300,000/yr this can have a huge negative impact on your future net worth.
09-01-2014, 04:29 PM
#16
MBWorld Fanatic!
Your car is not an investment. It is a massive expense. It's good you check the value so you understand what it is actually costing you. Check out Edmunds true cost to own - $27,000 the first year on your particular car; $95,000 over five years. Lots of people on these board swap cars often and invest in modifications which probably push their cost up toward $30K/yr. That might be ok if you are 70 years old and have heaps of cash, but if you are young and saving less than about $300,000/yr this can have a huge negative impact on your future net worth.
09-01-2014, 06:00 PM
#17
Your car is not an investment. It is a massive expense. It's good you check the value so you understand what it is actually costing you. Check out Edmunds true cost to own - $27,000 the first year on your particular car; $95,000 over five years. Lots of people on these board swap cars often and invest in modifications which probably push their cost up toward $30K/yr. That might be ok if you are 70 years old and have heaps of cash, but if you are young and saving less than about $300,000/yr this can have a huge negative impact on your future net worth.
If it were the case, 99% of the people here would own civics and nothing more.
09-01-2014, 06:49 PM
#18
Senior Member
Thread Starter
I wonder, will the price drop like a rock or will it stabilize as these are the last of their breed. Think about it, the '60s and even some '70 American hotrods and the SL280 have all appreciated in price because they are no longer produced. The C63 has one of the best sounding engines available plus the newer WTC is great. Though the new 'C63" or whatever it is called may steal some of the thunder from the C63 6.2 I feel that there will still be a market for the older C63 as it is a mean machine. Doesn't matter because when I'm 65 or so I'll pull out my C63 and it will be a force to be reckoned with. Semper Fi!
09-01-2014, 07:03 PM
#19
Super Member
I wonder, will the price drop like a rock or will it stabilize as these are the last of their breed. Think about it, the '60s and even some '70 American hotrods and the SL280 have all appreciated in price because they are no longer produced. The C63 has one of the best sounding engines available plus the newer WTC is great. Though the new 'C63" or whatever it is called may steal some of the thunder from the C63 6.2 I feel that there will still be a market for the older C63 as it is a mean machine. Doesn't matter because when I'm 65 or so I'll pull out my C63 and it will be a force to be reckoned with. Semper Fi!
Too many M156s produced
09-01-2014, 07:32 PM
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2015 C63 507
It's mostly about supply and demand. With so many new and pre-owned in the market, we are unlikely to see any mercy on the price in near term.
After 10 year or so, inventory will be greatly reduced. A clean one, esp BS and 507, will be hard to find as many tend to 'tastefully' mod theirs.
Regardless, the car was bought to be enjoyed, though value retention would be a plus.
After 10 year or so, inventory will be greatly reduced. A clean one, esp BS and 507, will be hard to find as many tend to 'tastefully' mod theirs.
Regardless, the car was bought to be enjoyed, though value retention would be a plus.
09-02-2014, 12:00 PM
#21
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If you look at the sticker price and the monthlies, I can afford this car no problem. If you factor in depreciation, insurance, mileage, maintenance and mods (gawddam mods!!!) well then maybe not so much. I'm 50 this year, and have two kids who will soon be needing braces and then university so there is definitely some justification for saving more. The one saving grace is its a tax write off for me.
But. I don't have any expensive hobbies or anything like that (tho I like bbqs - I have 7) , and cars are it for me really. My wife was challenged by it at first, but I told her to think about my age and that it can be a Mercedes or a mistress. Framed in that light, she liked my choice of a Mercedes.
I've been clean and sober for 14 years. I gave up the booze, the bud, the babes and the blow. Now all I have is the Benz, the BBQ's, and the bean (coffee). Fat chance Im giving up any of those.
Should I be saving more? Hellz yeah. But I am only on the ride of life one time, and I am not going to spend my whole time looking at the point where my nose presses into the grindstone. I'm gonna spend it staring at the twin hood bulges of a C63, and the reflection of M3s in my rear view mirror.
What does my car cost me? Who cares? It pays me back daily, and it's the way I pay myself.
But. I don't have any expensive hobbies or anything like that (tho I like bbqs - I have 7) , and cars are it for me really. My wife was challenged by it at first, but I told her to think about my age and that it can be a Mercedes or a mistress. Framed in that light, she liked my choice of a Mercedes.
I've been clean and sober for 14 years. I gave up the booze, the bud, the babes and the blow. Now all I have is the Benz, the BBQ's, and the bean (coffee). Fat chance Im giving up any of those.
Should I be saving more? Hellz yeah. But I am only on the ride of life one time, and I am not going to spend my whole time looking at the point where my nose presses into the grindstone. I'm gonna spend it staring at the twin hood bulges of a C63, and the reflection of M3s in my rear view mirror.
What does my car cost me? Who cares? It pays me back daily, and it's the way I pay myself.
09-02-2014, 12:20 PM
#22
MBWorld Fanatic!
I hate that supid insurance commercial where a loser is complaing that he totaled his new car and "how can a car depraicate before it's first oil change - better question what are you doing with that insurance?" BEST question how can someone be so stupid as to not know a car depreciates as soon as it is sold - before it leaves the lot. RANT OVER.
I like cars. I studied hard to get a good job that I work diligently at so I can afford them - been my plan since I was 15 and it's worked out fine so far.
I like cars. I studied hard to get a good job that I work diligently at so I can afford them - been my plan since I was 15 and it's worked out fine so far.
09-02-2014, 12:39 PM
#23
MBWorld Fanatic!
I think I saw the fastest depreciation rate ever actually. About a thousand years ago I sold cars, and I sold a guy a bright yellow corvette convertible. He pulled out of our lot which was on the corner of a road and the highway that ran through town, and as he went to merge on the highway he rolled ahead and BAM!!! got hit by a train and totalled it. Drove maybe 120 feet.
Train just clipped the front corner but basically ripped the front end off and spun it like a playground ride. Guy was mostly fine. We asked him later how it was he never heard the train and he said he had the stereo on. We asked him how it was he never saw the train and he said he was so focused on the traffic he missed it. He said that, ironically, he was thinking at the time "Just don't total it on your first merge by pulling out in front of a car".
He did NOT have depreciation insurance. Went from equity to underwater in 120'.
Train just clipped the front corner but basically ripped the front end off and spun it like a playground ride. Guy was mostly fine. We asked him later how it was he never heard the train and he said he had the stereo on. We asked him how it was he never saw the train and he said he was so focused on the traffic he missed it. He said that, ironically, he was thinking at the time "Just don't total it on your first merge by pulling out in front of a car".
He did NOT have depreciation insurance. Went from equity to underwater in 120'.
09-02-2014, 01:21 PM
#24
If you look at the sticker price and the monthlies, I can afford this car no problem. If you factor in depreciation, insurance, mileage, maintenance and mods (gawddam mods!!!) well then maybe not so much. I'm 50 this year, and have two kids who will soon be needing braces and then university so there is definitely some justification for saving more. The one saving grace is its a tax write off for me.
But. I don't have any expensive hobbies or anything like that (tho I like bbqs - I have 7) , and cars are it for me really. My wife was challenged by it at first, but I told her to think about my age and that it can be a Mercedes or a mistress. Framed in that light, she liked my choice of a Mercedes.
I've been clean and sober for 14 years. I gave up the booze, the bud, the babes and the blow. Now all I have is the Benz, the BBQ's, and the bean (coffee). Fat chance Im giving up any of those.
Should I be saving more? Hellz yeah. But I am only on the ride of life one time, and I am not going to spend my whole time looking at the point where my nose presses into the grindstone. I'm gonna spend it staring at the twin hood bulges of a C63, and the reflection of M3s in my rear view mirror.
What does my car cost me? Who cares? It pays me back daily, and it's the way I pay myself.
But. I don't have any expensive hobbies or anything like that (tho I like bbqs - I have 7) , and cars are it for me really. My wife was challenged by it at first, but I told her to think about my age and that it can be a Mercedes or a mistress. Framed in that light, she liked my choice of a Mercedes.
I've been clean and sober for 14 years. I gave up the booze, the bud, the babes and the blow. Now all I have is the Benz, the BBQ's, and the bean (coffee). Fat chance Im giving up any of those.
Should I be saving more? Hellz yeah. But I am only on the ride of life one time, and I am not going to spend my whole time looking at the point where my nose presses into the grindstone. I'm gonna spend it staring at the twin hood bulges of a C63, and the reflection of M3s in my rear view mirror.
What does my car cost me? Who cares? It pays me back daily, and it's the way I pay myself.
09-02-2014, 03:08 PM
#25
MBWorld Fanatic!
If you look at the sticker price and the monthlies, I can afford this car no problem. If you factor in depreciation, insurance, mileage, maintenance and mods (gawddam mods!!!) well then maybe not so much. I'm 50 this year, and have two kids who will soon be needing braces and then university so there is definitely some justification for saving more. The one saving grace is its a tax write off for me.
But. I don't have any expensive hobbies or anything like that (tho I like bbqs - I have 7) , and cars are it for me really. My wife was challenged by it at first, but I told her to think about my age and that it can be a Mercedes or a mistress. Framed in that light, she liked my choice of a Mercedes.
I've been clean and sober for 14 years. I gave up the booze, the bud, the babes and the blow. Now all I have is the Benz, the BBQ's, and the bean (coffee). Fat chance Im giving up any of those.
Should I be saving more? Hellz yeah. But I am only on the ride of life one time, and I am not going to spend my whole time looking at the point where my nose presses into the grindstone. I'm gonna spend it staring at the twin hood bulges of a C63, and the reflection of M3s in my rear view mirror.
What does my car cost me? Who cares? It pays me back daily, and it's the way I pay myself.
But. I don't have any expensive hobbies or anything like that (tho I like bbqs - I have 7) , and cars are it for me really. My wife was challenged by it at first, but I told her to think about my age and that it can be a Mercedes or a mistress. Framed in that light, she liked my choice of a Mercedes.
I've been clean and sober for 14 years. I gave up the booze, the bud, the babes and the blow. Now all I have is the Benz, the BBQ's, and the bean (coffee). Fat chance Im giving up any of those.
Should I be saving more? Hellz yeah. But I am only on the ride of life one time, and I am not going to spend my whole time looking at the point where my nose presses into the grindstone. I'm gonna spend it staring at the twin hood bulges of a C63, and the reflection of M3s in my rear view mirror.
What does my car cost me? Who cares? It pays me back daily, and it's the way I pay myself.
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