Depreciation..?
11-04-2002, 11:25 PM
#1
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c240
Depreciation..?
how much is depreciation
i have had my c240 for 6 monthes
14 Kilometres i think i bought it for 44 Grand
including taxes...
how much do you guys think my cars worth now?
i have had my c240 for 6 monthes
14 Kilometres i think i bought it for 44 Grand
including taxes...
how much do you guys think my cars worth now?
11-04-2002, 11:50 PM
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2005 smart cabrio; 2008 Mercedes-Benz B 200
Value estimate
Forget the GST and PST - these are gone forever. So you paid about $38450 for the car. I'd estimate that it's worth between 80% and 85% of that now. Say $32,000.
So you'd lose the $5550 in taxes off the top plus possibly another maybe $6000 in depreciation. That's a heavy hit for six months of car usage. Nearly $2000 per month. Maybe you should have bought something cheaper like a CL 600
Why would you want to sell it anyway?
So you'd lose the $5550 in taxes off the top plus possibly another maybe $6000 in depreciation. That's a heavy hit for six months of car usage. Nearly $2000 per month. Maybe you should have bought something cheaper like a CL 600
Why would you want to sell it anyway?
11-05-2002, 07:59 AM
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Re: Value estimate
Originally posted by Mike T.
Forget the GST and PST - these are gone forever. So you paid about $38450 for the car. I'd estimate that it's worth between 80% and 85% of that now. Say $32,000.
So you'd lose the $5550 in taxes off the top plus possibly another maybe $6000 in depreciation. That's a heavy hit for six months of car usage. Nearly $2000 per month. Maybe you should have bought something cheaper like a CL 600
Forget the GST and PST - these are gone forever. So you paid about $38450 for the car. I'd estimate that it's worth between 80% and 85% of that now. Say $32,000.
So you'd lose the $5550 in taxes off the top plus possibly another maybe $6000 in depreciation. That's a heavy hit for six months of car usage. Nearly $2000 per month. Maybe you should have bought something cheaper like a CL 600
Just did a search on www.autotrader.ca and there is a 2002 C240 Classic with 12k on it going for $38K at a dealership. There are also a few 2001 C240s with 40K on them going for $36K, but these are also at dealerships. Therefore I'd have to agree, your car is worth $32-35K unless you have really good luck selling it yourself, trade in you're going to get screwed.
11-05-2002, 07:30 PM
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Originally posted by Big Sheesh
Why wouldn't MB capitalize the cost of delivery and freight? It should be part of the acquisition cost.
Why wouldn't MB capitalize the cost of delivery and freight? It should be part of the acquisition cost.
11-05-2002, 08:56 PM
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2015 C63S E1 (sold 2012 C63 AMG Sedan (Premium & APX)) & 09 C300 Sport 4Matic
Just remember that if you are buying a new car you don't loose all the taxes on the old one. In case of a trade in, you only pay taxes on the difference. In case of a private sale, you can ask the dealer of the new car you are about to purchase to do a convenience deal and put your old car through the dealer as if it was a trade flipping the car to the new owner immediately and you still save all the taxes on the value of the old car.
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11-06-2002, 02:06 PM
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E320
Originally posted by Pit-Pony
Just remember that if you are buying a new car you don't loose all the taxes on the old one. In case of a trade in, you only pay taxes on the difference. In case of a private sale, you can ask the dealer of the new car you are about to purchase to do a convenience deal and put your old car through the dealer as if it was a trade flipping the car to the new owner immediately and you still save all the taxes on the value of the old car.
Just remember that if you are buying a new car you don't loose all the taxes on the old one. In case of a trade in, you only pay taxes on the difference. In case of a private sale, you can ask the dealer of the new car you are about to purchase to do a convenience deal and put your old car through the dealer as if it was a trade flipping the car to the new owner immediately and you still save all the taxes on the value of the old car.
11-06-2002, 04:08 PM
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2015 C63S E1 (sold 2012 C63 AMG Sedan (Premium & APX)) & 09 C300 Sport 4Matic
In my experience not. This is a courtesy and encourages the consumer to do the deal. I have done this several times at no additional cost to me.
11-06-2002, 04:53 PM
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E320
Originally posted by Pit-Pony
In my experience not. This is a courtesy and encourages the consumer to do the deal. I have done this several times at no additional cost to me.
In my experience not. This is a courtesy and encourages the consumer to do the deal. I have done this several times at no additional cost to me.
11-06-2002, 06:16 PM
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Used Benz
I saved big big bucks when I bought my Benz, I am the second owner however the vehicle only had less than two thousand miles on it and it was only a few months old. The dealer had all of the paperwork on it and the original owner bought it new at that dealership. I was lucky to find out that the owner was old (from another source) and not some youngster out tearing up the vehicle before I bought it. I did make out on that deal. 
