C55 makes top 10 list for residual value....
01-07-2005, 12:37 AM
#1
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C55 makes top 10 list for residual value....
http://www.edmunds.com/reviews/list/...9/article.html
Mercedes-Benz CLK-Class — 55.2%
Mini Cooper — 55%
Ford GT — 52%
Mercedes-Benz CLK55 AMG — 50%
Toyota Camry Solara
Lexus SC 430 — 49.8%
Lexus ES 330 — 48.8%
Chevrolet Corvette — 48.5%
Audi S4 — 48%
Nissan Altima — 47.6%
Mercedes-Benz C55 AMG — 47.5%
Mercedes-Benz CLK-Class — 55.2%
Mini Cooper — 55%
Ford GT — 52%
Mercedes-Benz CLK55 AMG — 50%
Toyota Camry Solara
Lexus SC 430 — 49.8%
Lexus ES 330 — 48.8%
Chevrolet Corvette — 48.5%
Audi S4 — 48%
Nissan Altima — 47.6%
Mercedes-Benz C55 AMG — 47.5%
01-07-2005, 02:32 AM
#3
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Originally Posted by EKaru
Edmunds is FULL OF IT I think.. Do you know what 03' CLK55s go for these days?
01-07-2005, 02:55 AM
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A bucket on wheels
Originally Posted by CynCarvin32
Ive seen 03 CLK55's for 41k or LESS wiht 9k miles! Thats just sad... AMG cars are not that strong in the used market unless they are near new and have 500hp. Those to will fall to the "worthless" status as soon as the kompressor motor is out of production.
01-07-2005, 10:13 AM
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All you guys out there in crazyfornia pay almost double what we pay in the midwest for the same car.
When I lived there during a project with a company (and that is about all I can say, so drop it), I looked for cars for a long time. I looked at them all over, San Diego, LA, San Francisco. I was in the market for a CLK55 then (the w208 55 was virtually brand new) and they wanted a minimum of 150%. For CL600's and S600's, they wanted a minimum of 200% of retail.
I don't know why people are willing to pay so much out there. If you are patient you can always get one at MSRP or less, especially if you consider that Mercedes is very upset about their dealers marking cars up. They lose allocation when they get reported for it to hurt their sales and discourage future markup. The other game is the dealer will "sell" the first five cars to five friends, let them drive it for around 1500 miles for free, and then buy it back from them, sell it as a "used" car, and mark it up 50% to 150%.
So as far as the edmund's thing, it is likely an average of nationwide reporting. In that way it is very plausible. I by my cars in the midwest and given the opportunity, try to sell them nationally on a coast where people are paying much more. Hope this helps make sense of it.
When I lived there during a project with a company (and that is about all I can say, so drop it), I looked for cars for a long time. I looked at them all over, San Diego, LA, San Francisco. I was in the market for a CLK55 then (the w208 55 was virtually brand new) and they wanted a minimum of 150%. For CL600's and S600's, they wanted a minimum of 200% of retail.
I don't know why people are willing to pay so much out there. If you are patient you can always get one at MSRP or less, especially if you consider that Mercedes is very upset about their dealers marking cars up. They lose allocation when they get reported for it to hurt their sales and discourage future markup. The other game is the dealer will "sell" the first five cars to five friends, let them drive it for around 1500 miles for free, and then buy it back from them, sell it as a "used" car, and mark it up 50% to 150%.
So as far as the edmund's thing, it is likely an average of nationwide reporting. In that way it is very plausible. I by my cars in the midwest and given the opportunity, try to sell them nationally on a coast where people are paying much more. Hope this helps make sense of it.
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01-07-2005, 10:14 AM
#8
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47% after five years is probably not that hard too accomplish. My C32 is 3 1/2 years old know, cost me $50k new and I would only have to sell it for $24K a year and a half from now to meet that number. Should be easy to do. It's the first couple of years where the cars take the big hit, then they stabilize.
01-07-2005, 10:41 AM
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I agree with Zeppelin, if you hold onto the car for more than two or three years it does quite well. I think for a lot of us we like to swap out cars pretty frequently so we are more susceptible to the huge depreciation in the first year or two.
01-07-2005, 12:57 PM
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Originally Posted by rguy
All you guys out there in crazyfornia pay almost double what we pay in the midwest for the same car.
When I lived there during a project with a company (and that is about all I can say, so drop it), I looked for cars for a long time. I looked at them all over, San Diego, LA, San Francisco. I was in the market for a CLK55 then (the w208 55 was virtually brand new) and they wanted a minimum of 150%. For CL600's and S600's, they wanted a minimum of 200% of retail.
I don't know why people are willing to pay so much out there. If you are patient you can always get one at MSRP or less, especially if you consider that Mercedes is very upset about their dealers marking cars up. They lose allocation when they get reported for it to hurt their sales and discourage future markup. The other game is the dealer will "sell" the first five cars to five friends, let them drive it for around 1500 miles for free, and then buy it back from them, sell it as a "used" car, and mark it up 50% to 150%.
So as far as the edmund's thing, it is likely an average of nationwide reporting. In that way it is very plausible. I by my cars in the midwest and given the opportunity, try to sell them nationally on a coast where people are paying much more. Hope this helps make sense of it.
When I lived there during a project with a company (and that is about all I can say, so drop it), I looked for cars for a long time. I looked at them all over, San Diego, LA, San Francisco. I was in the market for a CLK55 then (the w208 55 was virtually brand new) and they wanted a minimum of 150%. For CL600's and S600's, they wanted a minimum of 200% of retail.
I don't know why people are willing to pay so much out there. If you are patient you can always get one at MSRP or less, especially if you consider that Mercedes is very upset about their dealers marking cars up. They lose allocation when they get reported for it to hurt their sales and discourage future markup. The other game is the dealer will "sell" the first five cars to five friends, let them drive it for around 1500 miles for free, and then buy it back from them, sell it as a "used" car, and mark it up 50% to 150%.
So as far as the edmund's thing, it is likely an average of nationwide reporting. In that way it is very plausible. I by my cars in the midwest and given the opportunity, try to sell them nationally on a coast where people are paying much more. Hope this helps make sense of it.
I was referring to most other people. In cali the weather is well tailored to owning and driving a RWD car with summer tires. Thus, the demand is fairly high here - we're car crazy. I lived in MN, and it was never like this for any car I saw.
Regarding markup - thats just the way it is. I wouldn't like it for MBZ to try to enforce a standardized pricing - this removes the chance of negotiation from the price. At any price point, price is negotiable in my opinion.
01-07-2005, 12:59 PM
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Originally Posted by Zeppelin
47% after five years is probably not that hard too accomplish. My C32 is 3 1/2 years old know, cost me $50k new and I would only have to sell it for $24K a year and a half from now to meet that number. Should be easy to do. It's the first couple of years where the cars take the big hit, then they stabilize.
01-07-2005, 01:09 PM
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i can tell you that thats not the residual value for the current s4. they went down bad cause of reliability issues. and the new b7 body style is already out just 1 ans 1/2 years after the b6 was introduced. i know i had a b6 s4 lemmoned.
01-07-2005, 01:52 PM
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CLK500/Range Rover HSE/E55 AMG/Bmw 328Xi coupe/BMW 4.8x/Bmw 335i/GS350/Audi S5/E350
CynCarvin32..... I don't think u can get a CLk55 AMG with 9k miles for 41k. If you can, show me.....i will trade in my recently bought CLK500 with 10k miles. I purchased it for 46k.
01-07-2005, 05:53 PM
#14
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Originally Posted by x-tian-230k
CynCarvin32..... I don't think u can get a CLk55 AMG with 9k miles for 41k. If you can, show me.....i will trade in my recently bought CLK500 with 10k miles. I purchased it for 46k.
This is the cheapest I found on autotrader... Damn that's a HUGE loss
http://www.autotrader.com/fyc/vdp.js...r=&cardist=685
01-07-2005, 05:55 PM
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A bucket on wheels
Originally Posted by x-tian-230k
CynCarvin32..... I don't think u can get a CLk55 AMG with 9k miles for 41k. If you can, show me.....i will trade in my recently bought CLK500 with 10k miles. I purchased it for 46k.
01-07-2005, 06:05 PM
#16
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Seriously though... I went to mbusa.com, built a CLK55 AMG coupe, and equipped it like a fully loaded C55 (didn't add ventilated seats, keyless go, designo, or parktronic since they're not available on the C55).... Anyways the price came to a staggering $77,305 for a car that has an Accord coupesque rear-end. Do you think the prestige factor of it being a CLK coupe is worth the $17,000 over the C55????? Of course not.. That price sounds ridicuolous to me as well as the rest of the market, which is why it has *** raping depreciation...
Eric...
Eric...
01-07-2005, 08:52 PM
#17
MBWorld Fanatic!
Originally Posted by FIXEDupW209
oh yeah? where tell me so i an buy one now
had keyless go but no xenons... odd car but still that price.
no signs of being wrecked either.
The black car was some place back east...found it on autotrader a few months ago.
As MB keeps changing cars so quickly, the used cars take a real hit in value. The 05 CLK is a bit different and the AMG version got a nice upgrade so that puts pressure on the used cars. Its sad... believe me ive lost enough already!
01-07-2005, 08:58 PM
#18
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Originally Posted by rguy
All you guys out there in crazyfornia pay almost double what we pay in the midwest for the same car.
When I lived there during a project with a company (and that is about all I can say, so drop it), I looked for cars for a long time. I looked at them all over, San Diego, LA, San Francisco. I was in the market for a CLK55 then (the w208 55 was virtually brand new) and they wanted a minimum of 150%. For CL600's and S600's, they wanted a minimum of 200% of retail.
I don't know why people are willing to pay so much out there. If you are patient you can always get one at MSRP or less, especially if you consider that Mercedes is very upset about their dealers marking cars up. They lose allocation when they get reported for it to hurt their sales and discourage future markup. The other game is the dealer will "sell" the first five cars to five friends, let them drive it for around 1500 miles for free, and then buy it back from them, sell it as a "used" car, and mark it up 50% to 150%.
So as far as the edmund's thing, it is likely an average of nationwide reporting. In that way it is very plausible. I by my cars in the midwest and given the opportunity, try to sell them nationally on a coast where people are paying much more. Hope this helps make sense of it.
When I lived there during a project with a company (and that is about all I can say, so drop it), I looked for cars for a long time. I looked at them all over, San Diego, LA, San Francisco. I was in the market for a CLK55 then (the w208 55 was virtually brand new) and they wanted a minimum of 150%. For CL600's and S600's, they wanted a minimum of 200% of retail.
I don't know why people are willing to pay so much out there. If you are patient you can always get one at MSRP or less, especially if you consider that Mercedes is very upset about their dealers marking cars up. They lose allocation when they get reported for it to hurt their sales and discourage future markup. The other game is the dealer will "sell" the first five cars to five friends, let them drive it for around 1500 miles for free, and then buy it back from them, sell it as a "used" car, and mark it up 50% to 150%.
So as far as the edmund's thing, it is likely an average of nationwide reporting. In that way it is very plausible. I by my cars in the midwest and given the opportunity, try to sell them nationally on a coast where people are paying much more. Hope this helps make sense of it.
Days of that crazy pricing is over. If you were truely interested in a fast purchase you could get a discount on an any AMG short of an SL65. Discount off sticker might not be huge but still there.
Seen CL65's sell under sticker several times in So-Cal.
Tech boom went bust... crazy values for nice cars went with it.
01-07-2005, 09:01 PM
#19
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Originally Posted by FIXEDupW209
lol no i got first dibs
Went to see the car just because it was so cheap.
Sad but true. I have no reason to lie here!
01-07-2005, 09:34 PM
#20
Ask any sales or fleet manager of any car dealership, new or used, for a wholesale auction listing on Mercedes vehicles. You will be very suprised to see just how much lower these closed to the public auctions let these cars go for compared to even wholesale book at Kelly or Edmunds.
01-07-2005, 09:42 PM
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It's pretty shocking to see what '03 SL55's are selling for on eBay. Seems you can get one in good condition, with low miles (2-3k) for around 90 -- which is lower than KBB trade in.
