Future CL65 Pricing
#1
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Future CL65 Pricing
Does anyone have a crystal ball and can see the CL65's pricing in about three or four years? I am a little gun-shy of picking one up if in three or four years it is going to be worth less than 1/2 of the price today. In particular I have my eye on one with about 13K miles and can get it at $80K. If in three or four years it has 60-75K miles will it be worth at least $40K? I tried looking at the values of 2001 CL600's (trying to guage a 7 year old top of the line CL) and they seem to be in the $30K-$40K range at retail.
Tom
Tom
#2
MBWorld Fanatic!
Don't know about stuff 3-4 yrs out....
But my guess is an '08 CL65 w/10-20K mis ("normal" colors/spec; no accids, etc) will be trading-in at roughly $100K in Fall '08.....
Consider we are in a recessionary high-end economy....look at stockpiles of new, unsold S/CL63/65 sitting around dealers in US....just as weather is becoming AMG-unfriendly in most of ex-CA US....
Also, wouldn't be surprised to see new AMG V12 motor launch in next 12 mos.....65 motor is ancient-tech and long overdue for replacement....further poss downward pressure on new/used 65 values.....
No one "needs" a new/used CL65 (or CL63), so value analysis is always amusingly irrational anyway
....the "frugal"/value-conscious car nut can simply $0-down, 2yr lease a new CL63/65; lock their deprec costs and use their capital more efficiently (and reduce value-at-risk via lease gap insurance and poss have cheaper sales tx costs)....used buyers typically demand/need a deep, nominal disct to buy a used 63/65 (which don't lease/sales tx...or "cost out" so well when all costs/risks are fully valued
).....thus, 40-50% one-yr deprec for a new CL63/65 is a fair assumption....
Just casual speculation of a car nut eagerly awaiting new AMG V12....![Smilie](https://mbworld.org/forums/images/smilies/smile.gif)
But my guess is an '08 CL65 w/10-20K mis ("normal" colors/spec; no accids, etc) will be trading-in at roughly $100K in Fall '08.....
Consider we are in a recessionary high-end economy....look at stockpiles of new, unsold S/CL63/65 sitting around dealers in US....just as weather is becoming AMG-unfriendly in most of ex-CA US....
Also, wouldn't be surprised to see new AMG V12 motor launch in next 12 mos.....65 motor is ancient-tech and long overdue for replacement....further poss downward pressure on new/used 65 values.....
No one "needs" a new/used CL65 (or CL63), so value analysis is always amusingly irrational anyway
![Smilie](https://mbworld.org/forums/images/smilies/smile.gif)
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Just casual speculation of a car nut eagerly awaiting new AMG V12....
![Smilie](https://mbworld.org/forums/images/smilies/smile.gif)
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#4
Super Member
2001 cl600's are at mid $20's
the value right now for a 03 cl600 is about $35,000
the vaue of a 05 cl65 with mileage of about 30kmi is $60,000
these values are only going in the direction of down.
the value right now for a 03 cl600 is about $35,000
the vaue of a 05 cl65 with mileage of about 30kmi is $60,000
these values are only going in the direction of down.
Last edited by 02cl55amg; 11-13-2007 at 05:18 PM.
#6
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06 CLS55 w/ P030, 05 Jag S Type R, 05 TBird-68 Dodge Charger R/T-440 w/4speed I'm original owner
The CL especially the 65 is a trophy car.
If its not the daily driver car its costs even more per trip. If I take my CLS out once per week, which is sometimes the case, it cost me about $400 a day for that month to drive it. Sometimes I think it would be better just to rent it for a day.
But, all that fades into horizon when I accelerate and I'm at a point where I enjoy (and afford) this. That's what separates the wantabes from the doers.
If its not the daily driver car its costs even more per trip. If I take my CLS out once per week, which is sometimes the case, it cost me about $400 a day for that month to drive it. Sometimes I think it would be better just to rent it for a day.
But, all that fades into horizon when I accelerate and I'm at a point where I enjoy (and afford) this. That's what separates the wantabes from the doers.
#7
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Doctodd33:
I was referring to a 2005 CL65. Sorry about that...I guess I totally forgot the new CL65 is out.
02cl55amg:
I am not sure where you are getting your information. Are those auction numbers? I was trying to guage retail value...although auction value is more useful for when you are trying to unload a unique car (I found that out the hard way when getting rid of my RS6).
I know these cars depreciate. I am trying to guage just how much pain there will be over the next 3-4 years. I usually don't make car decisions based on practicality and depreciation. The particular CL65 I am interested in has depreciated almost 58% in less than 3 years and 13K miles (using the retail value).
Tom
I was referring to a 2005 CL65. Sorry about that...I guess I totally forgot the new CL65 is out.
02cl55amg:
I am not sure where you are getting your information. Are those auction numbers? I was trying to guage retail value...although auction value is more useful for when you are trying to unload a unique car (I found that out the hard way when getting rid of my RS6).
I know these cars depreciate. I am trying to guage just how much pain there will be over the next 3-4 years. I usually don't make car decisions based on practicality and depreciation. The particular CL65 I am interested in has depreciated almost 58% in less than 3 years and 13K miles (using the retail value).
Tom
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E63 P30, CL500 Sport
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That's not bad for a V12 Twin Turbo 600 hp Super Torque AMG Engine
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Last edited by MB_Forever; 11-14-2007 at 07:14 PM.
#10
#12
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Wow, I remember during the Spring I was thinking about grabbing a CL600 that was in the high 50's-low 60's...
Now it looks like the 65's are approaching these prices. Wonder if I can get a warrantied black 05 CL65 this Spring for 60k...if yes, then get ready for another 10 second beast![Smilie](https://mbworld.org/forums/images/smilies/smile.gif)
The used Bi-turbo CL's have become one of the top best bang-for-your-buck performance GT's out there.
Now it looks like the 65's are approaching these prices. Wonder if I can get a warrantied black 05 CL65 this Spring for 60k...if yes, then get ready for another 10 second beast
![Smilie](https://mbworld.org/forums/images/smilies/smile.gif)
The used Bi-turbo CL's have become one of the top best bang-for-your-buck performance GT's out there.
#13
The 05/06 CL65's fell fast because of the new model that came out. It probably won't be as bad for the current gen. I'd guesstimate around $120-$130k for an 07 CL65 sometime late next year.
#14
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#15
Super Member
called the owner of the dealership in seattle. has custom 20'' momos, and im not crazy about the yellow
painted calipers. they paid 58,500 for it at the aucion.
To view the vehicle, click the link below:
> http://www.autotrader.com/fyc/vdp.jsp?car_id=233728205
>
>
> VEHICLE INFORMATION
> Make: Mercedes-Benz
> Model: CL65 AMG
> Year: 2005
> Price: 64995
> Mileage: 29714
> Body Style: Coupe
> Color: Black
> Cylinders: 12 Cylinder Gasoline
> Transmission: Automatic
> Doors: Two Door
> Stereo: Compact Disc Player
> VIN: WDBPJ79J85A044585
> Description: 2005 MERCEDES-BENZ CL CLASS 2D COUPE CL65 AMG,LOADED WITH ALL OPTIONS.
>
painted calipers. they paid 58,500 for it at the aucion.
To view the vehicle, click the link below:
> http://www.autotrader.com/fyc/vdp.jsp?car_id=233728205
>
>
> VEHICLE INFORMATION
> Make: Mercedes-Benz
> Model: CL65 AMG
> Year: 2005
> Price: 64995
> Mileage: 29714
> Body Style: Coupe
> Color: Black
> Cylinders: 12 Cylinder Gasoline
> Transmission: Automatic
> Doors: Two Door
> Stereo: Compact Disc Player
> VIN: WDBPJ79J85A044585
> Description: 2005 MERCEDES-BENZ CL CLASS 2D COUPE CL65 AMG,LOADED WITH ALL OPTIONS.
>
#16
MBWorld Fanatic!
called the owner of the dealership in seattle. has custom 20'' momos, and im not crazy about the yellow
painted calipers. they paid 58,500 for it at the aucion.
To view the vehicle, click the link below:
> http://www.autotrader.com/fyc/vdp.jsp?car_id=233728205
>
>
> VEHICLE INFORMATION
> Make: Mercedes-Benz
> Model: CL65 AMG
> Year: 2005
> Price: 64995
> Mileage: 29714
> Body Style: Coupe
> Color: Black
> Cylinders: 12 Cylinder Gasoline
> Transmission: Automatic
> Doors: Two Door
> Stereo: Compact Disc Player
> VIN: WDBPJ79J85A044585
> Description: 2005 MERCEDES-BENZ CL CLASS 2D COUPE CL65 AMG,LOADED WITH ALL OPTIONS.
>
painted calipers. they paid 58,500 for it at the aucion.
To view the vehicle, click the link below:
> http://www.autotrader.com/fyc/vdp.jsp?car_id=233728205
>
>
> VEHICLE INFORMATION
> Make: Mercedes-Benz
> Model: CL65 AMG
> Year: 2005
> Price: 64995
> Mileage: 29714
> Body Style: Coupe
> Color: Black
> Cylinders: 12 Cylinder Gasoline
> Transmission: Automatic
> Doors: Two Door
> Stereo: Compact Disc Player
> VIN: WDBPJ79J85A044585
> Description: 2005 MERCEDES-BENZ CL CLASS 2D COUPE CL65 AMG,LOADED WITH ALL OPTIONS.
>
#17
I wonder how much upside down equity a CL65 can hide (absorb) if one were to trade a car in for it? e.g. can a $70,000 CL65 absorb $40K or higher of upside down equity on a trade in? Or are the banks well aware of this depreciation? I guess they look at average retail and are willing to loan 120% of the retail price (whatever that happens to be). Latest check shows the average retail on CL65s are $117K for 2005s and $124K for a 2006. Based on this, a good loan officer at the dealership should be able to absorb $50-60K on a trade if the customer has a good credit rating. That is amazing.
Also, why are CL55s and S55s not dropping as bad as their 65 counterparts. The 55s are holding up their value much better. Am I wrong?
Also, why are CL55s and S55s not dropping as bad as their 65 counterparts. The 55s are holding up their value much better. Am I wrong?
Last edited by trumpet1; 11-26-2007 at 08:13 PM.
#19
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Thread Starter
trumpet1:
I think the narrower used car pricing differential between the 55's and the 65's is actually a correction to the original value. I think MB really over priced the 65's to begin with. Yes, the 65's have bigger brakes, wheels and the twin-turbo V-12's. I am sure much of the $60K premium over the 55's is due to passing the R&D costs for the engine to the customer (the 55 engine was so prevalent along the whole AMG lineup that there was an economies of scale benefit resulting in very little relative cost for a hand-built engine). However, an almost 50% price increase for an engine didn't represent value to the customer. Ultimate performance customers can get the 55 engines (or 600 engines for that matter) up to the hp levels of the 65 engines for a fraction of the cost of the price differential. I believe consumers completely set the value in the used car market (not as much so for new cars). You will see similar mileage 55's and 65's selling within 25% of each other. I believe this same 25% premium should have been a more reasonable starting point when the cars were new (i.e. CL55 MSRP of $125K and CL65 MSRP of $156K).
Tom
I think the narrower used car pricing differential between the 55's and the 65's is actually a correction to the original value. I think MB really over priced the 65's to begin with. Yes, the 65's have bigger brakes, wheels and the twin-turbo V-12's. I am sure much of the $60K premium over the 55's is due to passing the R&D costs for the engine to the customer (the 55 engine was so prevalent along the whole AMG lineup that there was an economies of scale benefit resulting in very little relative cost for a hand-built engine). However, an almost 50% price increase for an engine didn't represent value to the customer. Ultimate performance customers can get the 55 engines (or 600 engines for that matter) up to the hp levels of the 65 engines for a fraction of the cost of the price differential. I believe consumers completely set the value in the used car market (not as much so for new cars). You will see similar mileage 55's and 65's selling within 25% of each other. I believe this same 25% premium should have been a more reasonable starting point when the cars were new (i.e. CL55 MSRP of $125K and CL65 MSRP of $156K).
Tom
#20
trumpet1:
I think the narrower used car pricing differential between the 55's and the 65's is actually a correction to the original value. I think MB really over priced the 65's to begin with. Yes, the 65's have bigger brakes, wheels and the twin-turbo V-12's. I am sure much of the $60K premium over the 55's is due to passing the R&D costs for the engine to the customer (the 55 engine was so prevalent along the whole AMG lineup that there was an economies of scale benefit resulting in very little relative cost for a hand-built engine). However, an almost 50% price increase for an engine didn't represent value to the customer. Ultimate performance customers can get the 55 engines (or 600 engines for that matter) up to the hp levels of the 65 engines for a fraction of the cost of the price differential. I believe consumers completely set the value in the used car market (not as much so for new cars). You will see similar mileage 55's and 65's selling within 25% of each other. I believe this same 25% premium should have been a more reasonable starting point when the cars were new (i.e. CL55 MSRP of $125K and CL65 MSRP of $156K).
Tom
I think the narrower used car pricing differential between the 55's and the 65's is actually a correction to the original value. I think MB really over priced the 65's to begin with. Yes, the 65's have bigger brakes, wheels and the twin-turbo V-12's. I am sure much of the $60K premium over the 55's is due to passing the R&D costs for the engine to the customer (the 55 engine was so prevalent along the whole AMG lineup that there was an economies of scale benefit resulting in very little relative cost for a hand-built engine). However, an almost 50% price increase for an engine didn't represent value to the customer. Ultimate performance customers can get the 55 engines (or 600 engines for that matter) up to the hp levels of the 65 engines for a fraction of the cost of the price differential. I believe consumers completely set the value in the used car market (not as much so for new cars). You will see similar mileage 55's and 65's selling within 25% of each other. I believe this same 25% premium should have been a more reasonable starting point when the cars were new (i.e. CL55 MSRP of $125K and CL65 MSRP of $156K).
Tom
#21
It would be really interesting how you came up with the $400 a day figure. Are you driving the CLS twice a year?
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'08 M5, '10 Land Cruiser
trumpet1:
I think the narrower used car pricing differential between the 55's and the 65's is actually a correction to the original value. I think MB really over priced the 65's to begin with. Yes, the 65's have bigger brakes, wheels and the twin-turbo V-12's. I am sure much of the $60K premium over the 55's is due to passing the R&D costs for the engine to the customer (the 55 engine was so prevalent along the whole AMG lineup that there was an economies of scale benefit resulting in very little relative cost for a hand-built engine). However, an almost 50% price increase for an engine didn't represent value to the customer. Ultimate performance customers can get the 55 engines (or 600 engines for that matter) up to the hp levels of the 65 engines for a fraction of the cost of the price differential. I believe consumers completely set the value in the used car market (not as much so for new cars). You will see similar mileage 55's and 65's selling within 25% of each other. I believe this same 25% premium should have been a more reasonable starting point when the cars were new (i.e. CL55 MSRP of $125K and CL65 MSRP of $156K).
Tom
I think the narrower used car pricing differential between the 55's and the 65's is actually a correction to the original value. I think MB really over priced the 65's to begin with. Yes, the 65's have bigger brakes, wheels and the twin-turbo V-12's. I am sure much of the $60K premium over the 55's is due to passing the R&D costs for the engine to the customer (the 55 engine was so prevalent along the whole AMG lineup that there was an economies of scale benefit resulting in very little relative cost for a hand-built engine). However, an almost 50% price increase for an engine didn't represent value to the customer. Ultimate performance customers can get the 55 engines (or 600 engines for that matter) up to the hp levels of the 65 engines for a fraction of the cost of the price differential. I believe consumers completely set the value in the used car market (not as much so for new cars). You will see similar mileage 55's and 65's selling within 25% of each other. I believe this same 25% premium should have been a more reasonable starting point when the cars were new (i.e. CL55 MSRP of $125K and CL65 MSRP of $156K).
Tom
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#24
Super Member
there are 05 cl65's for sale at dealerships in the mid- high $60's now. i would seem to think(or hope, for my benefit) next year at this this time, with the warr. expiring, higher miles, less desire for old body style- it will drop these down to $50k. i have been keeping a close eye on these rockets for the past 6 mos. and would love to steal one for $60k.
Last edited by 02cl55amg; 12-01-2007 at 05:23 PM.
#25
there are 05 cl65's for sale at dealerships in the mid- high $60's now. i would seem to think(or hope, for my benefit) next year at this this time, with the warr. expiring, higher miles, less desire for old body style- it will drop these down to $50k. i have been keeping a close eye on these rockets for the past 6 mos. and would love to steal one for $60k.