2005 CL65 AMG 2000miles for $80K?
11-30-2006, 11:48 PM
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2005 CL65 AMG 2000miles for $80K?
Could this be possible?
A friend of mine called me up and told me he wants me to go 50/50 with him on this. (OF COURSE I AM NOT DOING THAT......... it will only lead to serious fighting..........)
$80K for a 2005 CL65 with 2K miles on the clock........... supposedly mint condition.......
$110K drop from brand new?
Brad
A friend of mine called me up and told me he wants me to go 50/50 with him on this. (OF COURSE I AM NOT DOING THAT......... it will only lead to serious fighting..........)
$80K for a 2005 CL65 with 2K miles on the clock........... supposedly mint condition.......
$110K drop from brand new?
Brad
12-01-2006, 12:24 AM
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12-01-2006, 12:36 AM
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12-01-2006, 01:49 AM
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06 E-55-95-F355S- 99 Porsche 911 C2 w mods
Sorry to break it to you guys but thats what those cars are bringing at the auctions. I have a business associate who paid $180,000 plus and recently went to our local MB dealership and they offered $73,000. His payoff was $150,000............
Next year they will most likely be in the $60,000's.......talk about a bargain!
Next year they will most likely be in the $60,000's.......talk about a bargain!
12-01-2006, 01:58 AM
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Sorry to break it to you guys but thats what those cars are bringing at the auctions. I have a business associate who paid $180,000 plus and recently went to our local MB dealership and they offered $73,000. His payoff was $150,000............
Next year they will most likely be in the $60,000's.......talk about a bargain!
Next year they will most likely be in the $60,000's.......talk about a bargain!
Last edited by AMGfan; 12-01-2006 at 02:04 AM.
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12-01-2006, 02:02 AM
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06 E-55-95-F355S- 99 Porsche 911 C2 w mods
12-01-2006, 06:41 AM
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Eitherway, this joke is not funny. I have not seen a car value fall the way it does on benz. The only thing FUNNIER was the fact that my friend asked me to go in it with him 50 / 50. Was trying to SELL me on it - makes me wonder if he is actually gonna make money of me..... i know thats awful to say - however, if you knew him - ud never put it past him.
12-01-2006, 10:12 AM
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06 E-55-95-F355S- 99 Porsche 911 C2 w mods
The CL65 dropped so fast for several reasons- V-12 TT, the Bentley GT, the launch of the new CL and the fact that the CL65 was released at the very end of its product cycle.
Look at the price of a mid 90's BMW 750il.........they are cheaper to buy now than a 74 BMW 2002!
12-01-2006, 10:41 AM
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2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
All these cars are soft, but that is ridiculous... This person paid $55 for every mile he drove that car.. 10 mile drive, that will be $550, thank you.... crazy...
This is why you lease these bad boys... even if the payment if $2,500+/mo. (which it would be at least that). Is still worth it, let MB USA take the hit, and use their money
This is why you lease these bad boys... even if the payment if $2,500+/mo. (which it would be at least that). Is still worth it, let MB USA take the hit, and use their money
12-01-2006, 11:31 AM
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12-01-2006, 11:51 AM
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2020 Audi R8 V10, 2016 AMG GTS, 2018 E63S Edition 1, 2018 Porsche GTS Cab, 2012 C63 BS
That price with the miles (2k) is too low IMO, I work in the business in socal, and here is a snap shot of where some recent sales have been at the auction. Of course a dealer is going to low ball you even more than current values because they will want to hit a homerun. I bet you that car has either a branded title or some other issue.
But the truth is that the 65's at least in the CL format are tanking in value.
11/15/06 ATLANTA Lease $88,500 15,754 Avg BRI SIL 12G A Yes
10/19/06 MANHEIM Lease $85,750 16,336 Avg BLACK 12G O Yes
10/12/06 RIVRSIDE Lease $83,000 29,002 Avg BRI SIL 12G A No
10/05/06 MANHEIM Lease $79,250 20,430 Avg BLACK 12G A Yes
09/26/06 RIVRSIDE Lease $77,000 39,893 Avg SLV C744 12G A No
09/20/06 ATLANTA Lease $97,000 5,791 Avg BLACK 12G A Yes
But the truth is that the 65's at least in the CL format are tanking in value.
11/15/06 ATLANTA Lease $88,500 15,754 Avg BRI SIL 12G A Yes
10/19/06 MANHEIM Lease $85,750 16,336 Avg BLACK 12G O Yes
10/12/06 RIVRSIDE Lease $83,000 29,002 Avg BRI SIL 12G A No
10/05/06 MANHEIM Lease $79,250 20,430 Avg BLACK 12G A Yes
09/26/06 RIVRSIDE Lease $77,000 39,893 Avg SLV C744 12G A No
09/20/06 ATLANTA Lease $97,000 5,791 Avg BLACK 12G A Yes
12-01-2006, 12:39 PM
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All these cars are soft, but that is ridiculous... This person paid $55 for every mile he drove that car.. 10 mile drive, that will be $550, thank you.... crazy...
This is why you lease these bad boys... even if the payment if $2,500+/mo. (which it would be at least that). Is still worth it, let MB USA take the hit, and use their money
This is why you lease these bad boys... even if the payment if $2,500+/mo. (which it would be at least that). Is still worth it, let MB USA take the hit, and use their money
12-01-2006, 02:11 PM
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2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
Based on that comment, I will assume you arent certain how leasing works. Check an amortization schedule.
If you were to purchase this vehicle. At $185,000 @ 7% interest (which would be with A++ credit). You would have a 60month payment of $3,663.22. After 36mo. of paying that payment, your payoff would STILL be $81,818... Just about what that car is worth TODAY!!!!!! Imagine what it will be worth if it had 50k miles on it, and no warranty, like at the end of a lease term.....
Even if you had a $3,500/mo lease nut on this car. You would be WAY ahead.... ANd you get to drive it, enjoy it, put miles on, and walk away with no payoff..
Leasing is not the best option for every car. But it usually is for Mercedes. They depreciate faster than you can pay on them..
If you were to purchase this vehicle. At $185,000 @ 7% interest (which would be with A++ credit). You would have a 60month payment of $3,663.22. After 36mo. of paying that payment, your payoff would STILL be $81,818... Just about what that car is worth TODAY!!!!!! Imagine what it will be worth if it had 50k miles on it, and no warranty, like at the end of a lease term.....
Even if you had a $3,500/mo lease nut on this car. You would be WAY ahead.... ANd you get to drive it, enjoy it, put miles on, and walk away with no payoff..
Leasing is not the best option for every car. But it usually is for Mercedes. They depreciate faster than you can pay on them..
Last edited by Taximan1; 12-01-2006 at 02:15 PM.
12-01-2006, 09:59 PM
#17
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Based on that comment, I will assume you arent certain how leasing works. Check an amortization schedule.
If you were to purchase this vehicle. At $185,000 @ 7% interest (which would be with A++ credit). You would have a 60month payment of $3,663.22. After 36mo. of paying that payment, your payoff would STILL be $81,818... Just about what that car is worth TODAY!!!!!! Imagine what it will be worth if it had 50k miles on it, and no warranty, like at the end of a lease term.....
Even if you had a $3,500/mo lease nut on this car. You would be WAY ahead.... ANd you get to drive it, enjoy it, put miles on, and walk away with no payoff..
Leasing is not the best option for every car. But it usually is for Mercedes. They depreciate faster than you can pay on them..
If you were to purchase this vehicle. At $185,000 @ 7% interest (which would be with A++ credit). You would have a 60month payment of $3,663.22. After 36mo. of paying that payment, your payoff would STILL be $81,818... Just about what that car is worth TODAY!!!!!! Imagine what it will be worth if it had 50k miles on it, and no warranty, like at the end of a lease term.....
Even if you had a $3,500/mo lease nut on this car. You would be WAY ahead.... ANd you get to drive it, enjoy it, put miles on, and walk away with no payoff..
Leasing is not the best option for every car. But it usually is for Mercedes. They depreciate faster than you can pay on them..
Since you want to use exact figures, here's my reply to you.
You used the full price of the car, so I'll do the same. To lease a CL65 at msrp, the payment will be more like $4500 plus tax. That's assuming a residual value of $60,000 or 32% of the original price with $0 down and 36 months. Now the total amount of payments is approx. $162,000.
Even if you finance it, then end up selling in 3 years, you will have made about $130,000 in payments, then have a payoff of $81,000, according to your numbers. Let's say you end up selling the car for $60,000, you are still $21,000 short. Add that to $130,000 and your total cost over the 3 years is $151,000.
That's still lower than what it would've cost you to lease. I'm not taking in to account any business write-offs one may be able to receive from leasing, just strictly giving the numbers. So, I don't perceive leasing to be better for cars of this price.
Last edited by ///MB; 12-01-2006 at 10:19 PM.
12-01-2006, 10:59 PM
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'03 G500, '13 G63, '17 GLS63,
Sorry to break it to you guys but thats what those cars are bringing at the auctions. I have a business associate who paid $180,000 plus and recently went to our local MB dealership and they offered $73,000. His payoff was $150,000............
Next year they will most likely be in the $60,000's.......talk about a bargain!
Next year they will most likely be in the $60,000's.......talk about a bargain!
12-02-2006, 12:33 AM
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I'll be out of my lease by next summer and If I was considering a new CLS63 w/030 option ($110K to 115K msrp) or a modded 2006 CLS55 ($75-80K plus $15000 worth of mods), then a 2005/6 CL65 next year might be appealing.
Or I might just say F__K it and mod the crap out of the E55...it's different every day I get on this forum...I LOVE THE era of hp and torque we live right now!!!!!
12-02-2006, 01:32 AM
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cl65
Originally Posted by JLP View Post
Sorry to break it to you guys but thats what those cars are bringing at the auctions. I have a business associate who paid $180,000 plus and recently went to our local MB dealership and they offered $73,000. His payoff was $150,000............
huh?
are there really people buying $180k cars on installments - to be that upside down? i thot these cars were bot either as cash purchases or corp leases. and if it were a lease, no business guy in his right mind would lease a car that had a 32% residual after 3 yrs.
that being said, 1 yr old CL65 for $80k seems like a pretty good buy...i heard last month there was a CL600 sport w/ 30k that went for mid-$40k recently at an auction.
Sorry to break it to you guys but thats what those cars are bringing at the auctions. I have a business associate who paid $180,000 plus and recently went to our local MB dealership and they offered $73,000. His payoff was $150,000............
huh?
are there really people buying $180k cars on installments - to be that upside down? i thot these cars were bot either as cash purchases or corp leases. and if it were a lease, no business guy in his right mind would lease a car that had a 32% residual after 3 yrs.
that being said, 1 yr old CL65 for $80k seems like a pretty good buy...i heard last month there was a CL600 sport w/ 30k that went for mid-$40k recently at an auction.
12-02-2006, 03:37 AM
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'03 G500, '13 G63, '17 GLS63,
huh?
are there really people buying $180k cars on installments - to be that upside down? i thot these cars were bot either as cash purchases or corp leases. and if it were a lease, no business guy in his right mind would lease a car that had a 32% residual after 3 yrs.
are there really people buying $180k cars on installments - to be that upside down? i thot these cars were bot either as cash purchases or corp leases. and if it were a lease, no business guy in his right mind would lease a car that had a 32% residual after 3 yrs.
The thing is that they were introduced at the end of the product cycle, so a lot of it has to do with them being the old models. Try getting an '07 S65 for less than MSRP...
12-02-2006, 10:28 PM
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06 E-55-95-F355S- 99 Porsche 911 C2 w mods
Originally Posted by JLP View Post
Sorry to break it to you guys but thats what those cars are bringing at the auctions. I have a business associate who paid $180,000 plus and recently went to our local MB dealership and they offered $73,000. His payoff was $150,000............
huh?
are there really people buying $180k cars on installments - to be that upside down? i thot these cars were bot either as cash purchases or corp leases. and if it were a lease, no business guy in his right mind would lease a car that had a 32% residual after 3 yrs.
Sorry to break it to you guys but thats what those cars are bringing at the auctions. I have a business associate who paid $180,000 plus and recently went to our local MB dealership and they offered $73,000. His payoff was $150,000............
huh?
are there really people buying $180k cars on installments - to be that upside down? i thot these cars were bot either as cash purchases or corp leases. and if it were a lease, no business guy in his right mind would lease a car that had a 32% residual after 3 yrs.
By the way a CL65 had a residual in the 50-60% range last year, not 32%.
12-02-2006, 10:57 PM
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The residual value for a 2007 S65 is ~28% on leasecompare. As we all know the 07 is a brand new model. I highly doubt MB financial would give the old outgoing CL65 a residual of 50-60%, even if it was last year.
In any case, I'm just making the point that MB financial is not so naive as to lose tens of thousands of dollars on these deals. The high depreciation is factored into the high price you're paying on these leases.
12-03-2006, 12:06 AM
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06 E-55-95-F355S- 99 Porsche 911 C2 w mods
I was making a guess on the CL65 residuals... so I'm not exact on that number. no way.
The residual value for a 2007 S65 is ~28% on leasecompare. As we all know the 07 is a brand new model. I highly doubt MB financial would give the old outgoing CL65 a residual of 50-60%, even if it was last year.
The residual value for a 2007 S65 is ~28% on leasecompare. As we all know the 07 is a brand new model. I highly doubt MB financial would give the old outgoing CL65 a residual of 50-60%, even if it was last year.
Let me assure you that the numbers I gave you are very close.......as to MB's new residuals that is due to them realising that they were losing money with their old rates! I'll get the actual residuals for the 2005 CL65.
12-03-2006, 12:28 AM
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06 CLS55 AMG & 08 CL65 Mystic White
