P Rock

I've looked at several C63's and finally found one I think I'm ready to negotiate pricing with.

My credit union is approving me for 85% loan to value using NADA values. With this in mind, I started to see a pattern.... the 85% was easily covering the full asking price of the cars even certified from dealers in some cases.
For example, a 2009 with roughly 50k miles, NADA value is around $43k and the prices I see online are in the low 30's.

A 2009 has already taken it's major hit with depreciation but has it bottomed out? Would I be buying a 2009 at the right time?

Any input is appreciated.

estrellajon

I'm sure it will still keep going down. Too new to bottom out. Are you waiting till it's bottomed out?

P Rock

No, not waiting until it bottoms out. Rather waiting for the major depreciation hit to have slowed. I know it'll never stop depreciating but want to see if the major hit has already occurred. I always try to think of worse case scenarios too so if I needed to dump the car (financial reasons, if it breaks down too much etc..), and I need to sell it, if I'd take a huge hit.

Jons95c36amg

I bought my C63 when it was a year old CPO with 10k miles. Paid $53,xxx. Original sticker was $73k damn.. I would never buy a new MB.

P Rock

$20,000 depreciation in 1 year ..and to think yours was dealer CPO, a private party owner would have lost even more.

And this is why I'm looking at them now as I think this may be the right time to buy an '09. Hopefully they've taken the large hits in depreciation already so if a worse case scenario happens and have to sell it, I don't lose my a$$.

estrellajon

First 3 years gets the worse depreciation hit then slows down. Then once the factory warranty runs out then there's a slight hit again. For a 2009, the fastest depreciation has already occurred

estrellajon

You're on the right track then. At this point, even of you sell in a year, you won't lose $10k. My guess would be $3k in a year, depending on options and color combination

zcct04

Here's a couple of good data points.

NADA lists depreciation as part of the cost of ownership calculation. For a new C63, they forecast depreciation of:
year 1 - $11,571
year 2 - $5,544
year 3 - $4,851
year 4 - $4,588
year 5 - $4,496

Mort

Those depreciation factors look really low to me. Might apply to the base price of the car without any options only. Even at that they look low.

CarHopper

That's 31k... So an 09 is ~39k according to that which seems accurate...

tasho3

You guys realize this cars don't sell for sticker price when new. I remember when my x got her C63 In 2010 the dealers were giving away insane trunk money. $10k in some cases. None the less, she got hers for $60k with 2k miles and it had a sticker $74k.