With a 51% residual, a 2012 for 57K is very high?
Thread Starter
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Honda
With a 51% residual, a 2012 for 57K is very high?
Hi,
In Toronto I believe a new c63 goes for about 80K.
So a 51% residual after 3 years put it at about 40K.
The local dealers are selling 2012 for about 55-57K.
Does that mean there is 15K to play with during negotiations?
In Toronto I believe a new c63 goes for about 80K.
So a 51% residual after 3 years put it at about 40K.
The local dealers are selling 2012 for about 55-57K.
Does that mean there is 15K to play with during negotiations?
MBWorld Fanatic!
Joined: Mar 2005
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From: Toronto
MY17 E43 Matte Selenite/Macchiato Beige, MY16 GLE350d Tenorite/Crystal Grey, MY17 B250
Your 15k calculation would assume the car came back off lease perfect with no reconditioning and no CPO warranty and no profit for the dealer.
Thread Starter
Newbie
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Honda
True, I was being a bit aggressive there.
What I really meant was there is 15K to play with in terms of that is what the dealer got the car far (value wise).
Correct then they have to CPO it etc, which can't be more than 5K can it?
I would appreciate if someone could fill me in on what I am missing, there must be more to play with in these cars right?
What I really meant was there is 15K to play with in terms of that is what the dealer got the car far (value wise).
Correct then they have to CPO it etc, which can't be more than 5K can it?
I would appreciate if someone could fill me in on what I am missing, there must be more to play with in these cars right?
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From: NYC
2015 E63S AMG & 2013 GLK350
I think your numbers are wrong…
My 2013 C63 was $79k, had a 58% residual (3/36), and the buy out was $45k. The going price for a CPO 2012 C63 on MB's website right now seems to be in the $49-54k range asking price. Factor in CPO cost and negotiating it sounds about right to me.
My 2013 C63 was $79k, had a 58% residual (3/36), and the buy out was $45k. The going price for a CPO 2012 C63 on MB's website right now seems to be in the $49-54k range asking price. Factor in CPO cost and negotiating it sounds about right to me.
