What's a 2008 CL63 worth in 2 years?
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2008 - CL63 - 030
What's a 2008 CL63 worth in 2 years?
Trying to figure out if I should buy a "commuter" car.
I imagine that I will sell the CL in about 2 years.
The car: 2008 CL63 - 010 package.
Current miles: 10,000
The dilemma:
I drive 19,000 miles/year to work. Another 4k on weekends/pleasure.
Option 1:
Use the CL63 as daily and weekend driver. In 2 years, the car will have will have 48,000 miles on it.
What will it be worth?
Options 2:
Use the CL63 as a weekend driver only. Buy a BMW 335 (or similar) for $800/month and use that as my daily driver.
In 2 years, the CL63 will have 18,000 miles on it. What will it be worth then?
The 335 will have 38,000 miles on it and I assume I could sell it for what's left on the loan (about half).
Does this formula justify buying a daily driver?
I imagine a 335 would also save me over $100/month in gas as well.
I imagine that I will sell the CL in about 2 years.
The car: 2008 CL63 - 010 package.
Current miles: 10,000
The dilemma:
I drive 19,000 miles/year to work. Another 4k on weekends/pleasure.
Option 1:
Use the CL63 as daily and weekend driver. In 2 years, the car will have will have 48,000 miles on it.
What will it be worth?
Options 2:
Use the CL63 as a weekend driver only. Buy a BMW 335 (or similar) for $800/month and use that as my daily driver.
In 2 years, the CL63 will have 18,000 miles on it. What will it be worth then?
The 335 will have 38,000 miles on it and I assume I could sell it for what's left on the loan (about half).
Does this formula justify buying a daily driver?
I imagine a 335 would also save me over $100/month in gas as well.
Super Member
Joined: Jun 2002
Posts: 828
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From: Northern VA
SL 500
http://www.motortrend.com/cars/2009/...hip/index.html
Check out estimated depreciation figures on an CL63
First year will be worse, moving forward, it somewhat better, although still takes a beating in depreciation.
Check out estimated depreciation figures on an CL63
First year will be worse, moving forward, it somewhat better, although still takes a beating in depreciation.
MBWorld Fanatic!
Joined: Oct 2005
Posts: 1,271
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From: CA
2010 CL65
No one knows what any car is worth in 2yrs; it'll be worth whatever mkt is willing to pay for a used, obsolete car
Need to decide for self what one's health is worth....if ever in a serious near-collision or actual collision, would much rather be in a new (not used) S/CL65 or 63 than any car on planet....cheap insurance IMO...can't ever buy back one's health after incurring post-collision surgeries/disabilities/lost income
Need to decide for self what one's health is worth....if ever in a serious near-collision or actual collision, would much rather be in a new (not used) S/CL65 or 63 than any car on planet....cheap insurance IMO...can't ever buy back one's health after incurring post-collision surgeries/disabilities/lost income
MBWorld Fanatic!
Joined: Dec 2006
Posts: 4,949
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From: Clifton, NJ
96 and 08 911 turbos
Well, big benzes have such awful resale value, that I don't think the mileage will be a big issue between 25,000 and 50,000.
I think you should use the CL as much as possible, because the value is dropping like a stone.
Oh, and WSH, once you've driven the car off the dealer lot, its now used. Does that mean all the safety it had disappears as soon as you drive it? man...that sucks.
I think you should use the CL as much as possible, because the value is dropping like a stone.
Oh, and WSH, once you've driven the car off the dealer lot, its now used. Does that mean all the safety it had disappears as soon as you drive it? man...that sucks.
MBWorld Fanatic!
Joined: Mar 2002
Posts: 2,934
Likes: 387
From: Kenilworth, il usa
GT63S ePerformance 4dr, '25 Bentayga Black Ed.(wife), Wrangler and 250 MLB(kids)
No one knows what any car is worth in 2yrs; it'll be worth whatever mkt is willing to pay for a used, obsolete car
Need to decide for self what one's health is worth....if ever in a serious near-collision or actual collision, would much rather be in a new (not used) S/CL65 or 63 than any car on planet....cheap insurance IMO...can't ever buy back one's health after incurring post-collision surgeries/disabilities/lost income
Need to decide for self what one's health is worth....if ever in a serious near-collision or actual collision, would much rather be in a new (not used) S/CL65 or 63 than any car on planet....cheap insurance IMO...can't ever buy back one's health after incurring post-collision surgeries/disabilities/lost income
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Senior Member
Joined: Jun 2006
Posts: 262
Likes: 18
From: Sunny Isles Beach, FL
'25 G550, '21 911Cab
Well, big benzes have such awful resale value, that I don't think the mileage will be a big issue between 25,000 and 50,000.
I think you should use the CL as much as possible, because the value is dropping like a stone.
Oh, and WSH, once you've driven the car off the dealer lot, its now used. Does that mean all the safety it had disappears as soon as you drive it? man...that sucks.
I think you should use the CL as much as possible, because the value is dropping like a stone.
Oh, and WSH, once you've driven the car off the dealer lot, its now used. Does that mean all the safety it had disappears as soon as you drive it? man...that sucks.
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Senior Member
Joined: Oct 2005
Posts: 365
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From: San Jose
CL65 AMG , white S550 Sport w/ white Giovanna 22s, wild custom chopper
the value won't be affected much by mileage when the car is going to be 5 years ('08 sold in '07 @ 2011); whether it's 60k miles or 25k miles, it will depreciate down a huge amount. i'm guessing low 30s on trade or auction, maybe high 30s retail. miles might give you a 5k delta. for that, who cares - screw getting the 335, buy and drive the heck out of the CL63. buy an extended warranty if you fall in love and don't want to part with the car in two years.
MBWorld Fanatic!
Joined: Dec 2006
Posts: 4,949
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From: Clifton, NJ
96 and 08 911 turbos
How much more? Probably not much. Certainly not worth the price of paying for the 335i.
Why buy a nice, expensive, yet fairly common car if you don't plan to drive it?
Its going to plummet in value anyway, and if you can afford a $150k vehicle, you probably aren't going to be too devastated over an additional $5-$6k worth of depreciation.
Super Member
Joined: Aug 2007
Posts: 950
Likes: 3
From: Maui, Hawaii
CLS63, GLK350
the value won't be affected much by mileage when the car is going to be 5 years ('08 sold in '07 @ 2011); whether it's 60k miles or 25k miles, it will depreciate down a huge amount. i'm guessing low 30s on trade or auction, maybe high 30s retail. miles might give you a 5k delta. for that, who cares - screw getting the 335, buy and drive the heck out of the CL63. buy an extended warranty if you fall in love and don't want to part with the car in two years.
Junior Member
Joined: Sep 2009
Posts: 48
Likes: 0
From: U S A
CL55 AMG
Next go around, try my approach... I bought a used CL as my commuter, and drive my Hummer on the weekends, unless it's just too sunny i need to rip roar around. I like the two car option, but.....if you put the higher miles on it, i'll probably be the one buying it for bottom dollar when it's time for my upgrade. I live in a part of the country where nobody knows that my CL is an 05, they think it's brand new off the show room floor, if i run in to another one once in 3 months i'm going ot be doing alright.
ultimately a nice car is a nice car, do what makes you happy, and when you are spending this kind of money, how much does economics really play in to it? As they say, if you ahve to ask, you probably can't...
Good luck with the decision!
ultimately a nice car is a nice car, do what makes you happy, and when you are spending this kind of money, how much does economics really play in to it? As they say, if you ahve to ask, you probably can't...
Good luck with the decision!
MBWorld Fanatic!
Joined: Dec 2004
Posts: 4,268
Likes: 253
not true on mileage.
any luxury brand car resale (wholesale and retail) is affected significantly by mileage and condition.
said this - in two years with 25k miles a non-collectible mercedes in excellent condition will be at 50%.
alex
any luxury brand car resale (wholesale and retail) is affected significantly by mileage and condition.
said this - in two years with 25k miles a non-collectible mercedes in excellent condition will be at 50%.
alex
