No More CLS
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Joined: Aug 2007
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From: Dallas
CLS 55
No More CLS
We had some nasty flooding this week in Dallas, and unfortunately it claimed the life of my beautiful CLS55. I was going though some water that wasn't too deep, but a truck came by on the other side of the street and created a mini tidal wave that engulfed the front of my car. It sucked water into the engine and it hydrolocked. The car wouldn't move, and the water got deeper and deeper, and rushed in when I opened the door to get out. Looks like the blown motor, fried electronics, and water damage to the leather and carpet was enough to total it. The bad thing is that my car is totaled, but the good thing is that my car is totaled. 
It sucks that it is gone, but I'm glad I don't have to drive a rebuilt car. This is my first insurance claim ever, and State Farm has been aces all the way. BTW, I still have my factory chromed AMG wheels and tires for sale, so if any one wants them, shoot me a pm!
RIP, Benzo!
It sucks that it is gone, but I'm glad I don't have to drive a rebuilt car. This is my first insurance claim ever, and State Farm has been aces all the way. BTW, I still have my factory chromed AMG wheels and tires for sale, so if any one wants them, shoot me a pm! RIP, Benzo!
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Joined: Mar 2007
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From: Sherman Oaks, CA
06 CLS55 w/ P030, 05 Jag S Type R, 05 TBird-68 Dodge Charger R/T-440 w/4speed I'm original owner
What a shame. It looked soooooooooooo good. But on the bright side, you get the opportunity to purchase all over again. Maybe a CL 63 or CL 65?
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Joined: Jul 2007
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From: SoCal
a car that gets very poor gas mileage.
Wow, real sorry to hear about that.
I hope State Farm can take care of you quickly without hassles. That should help ease the blow.
Good luck and hope to still see you around these forums.
I hope State Farm can take care of you quickly without hassles. That should help ease the blow.
Good luck and hope to still see you around these forums.
Thread Starter
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Joined: Aug 2007
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From: Dallas
CLS 55
Yeah, I would have lost my *** if I sold it, so getting out without losing anything will be nice! It does suck that it's gone though! I don't think I'll get into another MB any time soon though. I'm a little gun shy from the significant loss of value! I can't believe how fast these things have tanked lately! I would love to get a new CL, but I think I'd just be asking for a beating!!
Super Member
Joined: Feb 2006
Posts: 763
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From: South Florida
2015 Mercedes-Benz CLS63 AMG S
Yeah, I would have lost my *** if I sold it, so getting out without losing anything will be nice! It does suck that it's gone though! I don't think I'll get into another MB any time soon though. I'm a little gun shy from the significant loss of value! I can't believe how fast these things have tanked lately! I would love to get a new CL, but I think I'd just be asking for a beating!!
Larry
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Joined: Aug 2007
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From: Dallas
CLS 55
That's exactly what I did on this one, but it still tanked! Eight months ago when I picked this one up, these things were selling retail for mid to high 70's and now they're in the very low 60's! 2k a month is a BIG drop for a 2 year old car!!
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Super Member
Joined: Jul 2007
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From: SoCal
a car that gets very poor gas mileage.
Big Carrot, do you typically purchase or lease your vehicles?
At any rate, the moment you drive a new car off the dealers lot (regardless how you got it) the car loses a tremendous amount of value right there.
Again, I hope you recover quickly from this.
At any rate, the moment you drive a new car off the dealers lot (regardless how you got it) the car loses a tremendous amount of value right there.
Again, I hope you recover quickly from this.
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Joined: Aug 2007
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From: Dallas
CLS 55
I typically purchase. I was in the car business for a long time, so I know how to buy them right. I bought this one just over average book, and in eight months that same spot in the book is almost 15k less! They don't lose value when you drive them off. People say that all the time, but all you lose is the difference between wholesale and what you paid, which is the dealer's profit, and that's only if you trade it in. If you buy it at wholesale price, you don't lose a dime when you drive it off. New cars are a different story. I've owned a ton of cars, and typically break even if I sell them within 6 months or so. I buy them close to wholesale, and sell them closer to retail. In six months or so, that is usually around the same number, but this car out paced the book. Most of those have been exotics that are a little harder to find, so this is a little different. These cars really have depreciated a lot in the last few months.
Super Member
Joined: Feb 2006
Posts: 763
Likes: 12
From: South Florida
2015 Mercedes-Benz CLS63 AMG S
I typically purchase. I was in the car business for a long time, so I know how to buy them right. I bought this one just over average book, and in eight months that same spot in the book is almost 15k less! They don't lose value when you drive them off. People say that all the time, but all you lose is the difference between wholesale and what you paid, which is the dealer's profit, and that's only if you trade it in. If you buy it at wholesale price, you don't lose a dime when you drive it off. New cars are a different story. I've owned a ton of cars, and typically break even if I sell them within 6 months or so. I buy them close to wholesale, and sell them closer to retail. In six months or so, that is usually around the same number, but this car out paced the book. Most of those have been exotics that are a little harder to find, so this is a little different. These cars really have depreciated a lot in the last few months.
Senior Member
Joined: Mar 2007
Posts: 281
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From: Dallas, Texas USA
06 CLS55 AMG-all options sans Distronic; Carrera4S; 07 M5;Lexus GS300
All AMG's/M's. etc. tank quickly, even if you buy "pre-owned" ones. Take a look at the stocks of Tiffany, Nordstrom, LVMH Moet Hennesy, et al: they are all down significantly, which a lot of mavens thought would not happen b/c the upper end was insulated from the economy. But, that simply did not happen. Furthermore, AMG and now BMW's M div are producing way too many cars and way too many variants. Flooding the mkt and supply and demand, as in any mkt. Nothing necessarily against AMG/M's, et al: just a combo of the 1-2 punch aforesaid.
So who's been "insulated" from this phenomenon: Ferrari's the only one I'm aware of for NEW cars. Why? B/c they very carefully restrict the supply of new cars, do not and will not produce "variants" of existing (non-performance) production cars. Difference between (BS, what I call Texas Timex) Rolexes and Patek Phillpes/Vacheron Constantins/Audemars Piguets. The former is just mass-produced but very nice products v. truly high quality, hand-made, very supply restricted jewels.
That's reality in down markets when the ebullience and drinking the kool aid is dissipated. Does not in any way whatsoever make the AMGs'/M's any less fine automobiles or fabulous cars. It's just how reality in mkts works when the leverage and non-exclusivity is gone.........
So who's been "insulated" from this phenomenon: Ferrari's the only one I'm aware of for NEW cars. Why? B/c they very carefully restrict the supply of new cars, do not and will not produce "variants" of existing (non-performance) production cars. Difference between (BS, what I call Texas Timex) Rolexes and Patek Phillpes/Vacheron Constantins/Audemars Piguets. The former is just mass-produced but very nice products v. truly high quality, hand-made, very supply restricted jewels.
That's reality in down markets when the ebullience and drinking the kool aid is dissipated. Does not in any way whatsoever make the AMGs'/M's any less fine automobiles or fabulous cars. It's just how reality in mkts works when the leverage and non-exclusivity is gone.........
