Depreciation and resale demand - GTR/GTC
Thread Starter
Member
Joined: Sep 2004
Posts: 195
Likes: 26
From: Canada
Depreciation and resale demand - GTR/GTC
I am looking for some expert opinion, I have 2 offers and trying to determine which one is better:
2020 GTC @ $36000 off list
2020 GTR @ 31000 off list
At first glance it would seem the GTC is the better option. However, there are 2 hypothesis which I want to confirm that may sway my decision. Namely, the GTR depreciates at lower rate then the GTC and the GTR are easier to sell on used market when that time comes.
I am located in Canada
Opinions?
2020 GTC @ $36000 off list
2020 GTR @ 31000 off list
At first glance it would seem the GTC is the better option. However, there are 2 hypothesis which I want to confirm that may sway my decision. Namely, the GTR depreciates at lower rate then the GTC and the GTR are easier to sell on used market when that time comes.
I am located in Canada
Opinions?
Super Member
Joined: Feb 2012
Posts: 961
Likes: 240
From: Canada
2019 E63s
Depends on your use case and
Equipment level. I have a GTC but would have bought a GTR if I could have had ventilated seats in it. Will you be daily driving it or a
weekend ride? Essentially the GTC is a touring version of the GTR. The higher buy in on the GTR usually leads to the higher resale. Typically the spread is 15-20k depending on options. 2018 GTC’s are selling 125-135k option depending and there are/were 2018 GTR’s going for 150k thereabouts. I’m in Toronto and these prices are all in CAD.
I was able to get almost $50k off my GTC a few months ago but it was a remaining 19. If your not in a rush wait a bit longer say until sept and you should see bigger discounts. Inventory is pretty picked through on the 20 GTC’s here in Ontario but there are a pile of GTR’s available and there were a few PRO’s too...
Good luck!
weekend ride? Essentially the GTC is a touring version of the GTR. The higher buy in on the GTR usually leads to the higher resale. Typically the spread is 15-20k depending on options. 2018 GTC’s are selling 125-135k option depending and there are/were 2018 GTR’s going for 150k thereabouts. I’m in Toronto and these prices are all in CAD.
I was able to get almost $50k off my GTC a few months ago but it was a remaining 19. If your not in a rush wait a bit longer say until sept and you should see bigger discounts. Inventory is pretty picked through on the 20 GTC’s here in Ontario but there are a pile of GTR’s available and there were a few PRO’s too...
Good luck!
MBWorld Fanatic!
Joined: Nov 2016
Posts: 1,291
Likes: 624
From: California
2020 McLaren 720s Spider
If you get a well sorted GTC and you're essentially getting a GTR without the CF weight reductions and aero. Do what makes you happy. If it were a coupe vs coupe decision, I would go GTR. If you want a Roadster, the spread is much wider and my money is on the GTC as better value.
Thread Starter
Member
Joined: Sep 2004
Posts: 195
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From: Canada
Thanks everyone for the input. I went with a very well optioned 2020 GTC for the following reasons (All figures in CND $)
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
Last edited by big_willy; Jul 11, 2020 at 11:38 PM.
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Super Member
Joined: Feb 2012
Posts: 961
Likes: 240
From: Canada
2019 E63s
Enjoy the new ride!
Thanks everyone for the input. I went with a very well optioned 2020 GTC for the following reasons (All figures in CND $)
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
Last edited by DriveAMG; Jul 11, 2020 at 11:54 PM.
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Thread Starter
Member
Joined: Sep 2004
Posts: 195
Likes: 26
From: Canada
Thanks, color is magnetite black. Looking for a good PPF installer now and Alpha is on the list - will be sending it directly there via covered transport.
I'd love to use Marco for PPF as he did another car for me almost 10 years ago but he's gotten too pricey.
I'd love to use Marco for PPF as he did another car for me almost 10 years ago but he's gotten too pricey.
Member
Joined: Jun 2008
Posts: 104
Likes: 30
From: Metro Vancouver Area
19 AMG GT R, 20 Porsche Cayenne
Thanks everyone for the input. I went with a very well optioned 2020 GTC for the following reasons (All figures in CND $)
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Member
Joined: Jul 2017
Posts: 118
Likes: 38
300sl roadster
Congrats on your new GTC...just a note about the power difference in the C vs R... I had a C and now an R ... in normal driving there's very little difference.. only in WOT does the R show up and how many times do we that !... but I did learn from Renntech that the HHT tune for the C or R is the same result.. So the C ends up being a better overall value unless one is tracking the car and wants the R advanced suspension parts....
Like your color choice...
Like your color choice...
Super Member
Joined: Feb 2012
Posts: 961
Likes: 240
From: Canada
2019 E63s
Is that the one with the two tone interior?
Super Member
Joined: Feb 2012
Posts: 961
Likes: 240
From: Canada
2019 E63s
I don’t see the value in a tune
Congrats on your new GTC...just a note about the power difference in the C vs R... I had a C and now an R ... in normal driving there's very little difference.. only in WOT does the R show up and how many times do we that !... but I did learn from Renntech that the HHT tune for the C or R is the same result.. So the C ends up being a better overall value unless one is tracking the car and wants the R advanced suspension parts....
Like your color choice...
Like your color choice...
Super Member
Joined: Feb 2012
Posts: 961
Likes: 240
From: Canada
2019 E63s
BC Tax is egregious
congratulations on your new GTC. These AMG GT variants are really nice sports cars especially with the heavy discounts available now. I keep telling ppl these cars are performance bargains to have now.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Pre owned GTR’s are being sold for $150 (18’s) up to $180 for a ‘20. Greed catches up with people. I traded my ‘18 GTC in a year ago (big mistake) and got $132k. 2 weeks ago someone offered me $125k for my 19 GTC. The spread is usually about $20k between the two models. $118k on trade is ridiculously low. I don’t understand why these cars are still stuck with that AMG Depreciation hit. They are rare and they perform. It should be interesting to see how the values play out for our current generation when the new one launches in a year or 2. Our current platform us I believe a keeper. Enjoy your GTR!
MBWorld Fanatic!
Joined: Jun 2014
Posts: 2,030
Likes: 434
From: 🇨🇦
W463 G550 / C190 GTC //prev: W204 C63 507 / R170
Congrats on your new GTC...just a note about the power difference in the C vs R... I had a C and now an R ... in normal driving there's very little difference.. only in WOT does the R show up and how many times do we that !... but I did learn from Renntech that the HHT tune for the C or R is the same result.. So the C ends up being a better overall value unless one is tracking the car and wants the R advanced suspension parts....
Like your color choice...
Like your color choice...
The GTR ride is MUCH harsher on broken pavement. Something to keep in mind if you will be driving the car off track more than on track.
MBWorld Fanatic!
Joined: Jun 2014
Posts: 2,030
Likes: 434
From: 🇨🇦
W463 G550 / C190 GTC //prev: W204 C63 507 / R170
congratulations on your new GTC. These AMG GT variants are really nice sports cars especially with the heavy discounts available now. I keep telling ppl these cars are performance bargains to have now.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Anyway, sales tax has nothing to do with depreciation of an asset.
MBWorld Fanatic!
Joined: Jun 2014
Posts: 2,030
Likes: 434
From: 🇨🇦
W463 G550 / C190 GTC //prev: W204 C63 507 / R170
Thanks everyone for the input. I went with a very well optioned 2020 GTC for the following reasons (All figures in CND $)
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
I know I could wait til the end of the season and get 50k off but in my situation I have a lease to trade in which I have equity in. The vehicle is an SL and the trade value/equity would evaporate once fall/winter hits and in addition I am paying those payments between now and that point in time (likely another 5 months). In addition, the big discounts at year end are cash buys only and currently I can finance through MB at rates lower then prime and lock in for 6 years. So with these points taken into account, getting $35.5k off now is pretty close to getting $50k off in 5 months time, plus I enjoy the car for the next few months.
This car won't be daily but I won't be tracking it either, so spending an additional $18k for a GTR I thought wasn't worth it. Car stickers for $186k, my cost $150k +misc and I figure in 3 years time it will be worth $110k in trade, so cost of ownership is roughly $1100/month over the term (not taking into account interest costs).
Picking up the car in a week and can't wait. Taking the suggestion from DriveAMG and plan to use AlphaShine for PPF and ceramic.
Thread Starter
Member
Joined: Sep 2004
Posts: 195
Likes: 26
From: Canada
Also full carbon exterior is hard to find.
MBWorld Fanatic!
Joined: Nov 2016
Posts: 1,291
Likes: 624
From: California
2020 McLaren 720s Spider
congratulations on your new GTC. These AMG GT variants are really nice sports cars especially with the heavy discounts available now. I keep telling ppl these cars are performance bargains to have now.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Junior Member
Joined: Jan 2020
Posts: 32
Likes: 3
AMG GTR
there was talk of implementation nation wide a while back when I used to sell Benz. I hope it’s off the table now with Covid...
Pre owned GTR’s are being sold for $150 (18’s) up to $180 for a ‘20. Greed catches up with people. I traded my ‘18 GTC in a year ago (big mistake) and got $132k. 2 weeks ago someone offered me $125k for my 19 GTC. The spread is usually about $20k between the two models. $118k on trade is ridiculously low. I don’t understand why these cars are still stuck with that AMG Depreciation hit. They are rare and they perform. It should be interesting to see how the values play out for our current generation when the new one launches in a year or 2. Our current platform us I believe a keeper. Enjoy your GTR!
Pre owned GTR’s are being sold for $150 (18’s) up to $180 for a ‘20. Greed catches up with people. I traded my ‘18 GTC in a year ago (big mistake) and got $132k. 2 weeks ago someone offered me $125k for my 19 GTC. The spread is usually about $20k between the two models. $118k on trade is ridiculously low. I don’t understand why these cars are still stuck with that AMG Depreciation hit. They are rare and they perform. It should be interesting to see how the values play out for our current generation when the new one launches in a year or 2. Our current platform us I believe a keeper. Enjoy your GTR!
Junior Member
Joined: Jan 2020
Posts: 32
Likes: 3
AMG GTR
congratulations on your new GTC. These AMG GT variants are really nice sports cars especially with the heavy discounts available now. I keep telling ppl these cars are performance bargains to have now.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
Unfortunately, I paid full msrp plus lots of dealer BS fees for my 2019 GT R back in Feb. 2019 ($200k plus infamous BC 26% sales tax). A couple months ago I was offered $118k as a trade in. My 1 yr old GTR has 8000km, no accidents, fully wrapped in XPEL. I understand these cars depreciate more than others but at 60% drop in a year is beyond ridiculous.
MBWorld Fanatic!
Joined: Nov 2016
Posts: 1,291
Likes: 624
From: California
2020 McLaren 720s Spider
Congrats on your new GTC...just a note about the power difference in the C vs R... I had a C and now an R ... in normal driving there's very little difference.. only in WOT does the R show up and how many times do we that !... but I did learn from Renntech that the HHT tune for the C or R is the same result.. So the C ends up being a better overall value unless one is tracking the car and wants the R advanced suspension parts....
Like your color choice...
Like your color choice...
MBWorld Fanatic!
Joined: Jun 2014
Posts: 2,030
Likes: 434
From: 🇨🇦
W463 G550 / C190 GTC //prev: W204 C63 507 / R170
that 118K translates to $86K USD... you couldn't buy that car in the US with a Salvage Title for that price. Sell your car down south....Also, I thought that the tax rate, while it was insane was 14% and capped out at 20%? At least you can offset with a trade - CA doesnt. You pay state tax on the full amount, whether you have a trade or not.
Sales tax is 13% in most of Canada. Only crazy BC has a luxury tax, which is recent.
Yes, cars are way cheaper in Canada. I don’t know why more Americans don’t buy here. BTW, the sales tax if you export it out of Canada is 5%.
MBWorld Fanatic!
Joined: Nov 2016
Posts: 1,291
Likes: 624
From: California
2020 McLaren 720s Spider
I didn’t know that in CA you pay full sales tax and any deduct the value of a trade.
Sales tax is 13% in most of Canada. Only crazy BC has a luxury tax, which is recent.
Yes, cars are way cheaper in Canada. I don’t know why more Americans don’t buy here. BTW, the sales tax if you export it out of Canada is 5%.
Sales tax is 13% in most of Canada. Only crazy BC has a luxury tax, which is recent.
Yes, cars are way cheaper in Canada. I don’t know why more Americans don’t buy here. BTW, the sales tax if you export it out of Canada is 5%.
That's why you will see new cars with AZ plates (that have a lower rate and allow a trade in to offset fees) or more so an Oregon plate (no state tax)....they arent all visitors! It's such a problem that the state will look for out of state plates with parking violations etc to uncover tax dodgers....meanwhile what they are doing is literally the definition of an unjust tax! California doesn't know how to manage its money so these kind of tax laws continue to live fueling a Boston Tea Party moment somewhere in the future.
MBWorld Fanatic!
Joined: Feb 2019
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AMG
that 118K translates to $86K USD... you couldn't buy that car in the US with a Salvage Title for that price. Sell your car down south....Also, I thought that the tax rate, while it was insane was 14% and capped out at 20%? At least you can offset with a trade - CA doesnt. You pay state tax on the full amount, whether you have a trade or not.
