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Depreciation and resale demand - GTR/GTC

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Old 07-11-2020, 02:26 PM
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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?
Old 07-11-2020, 03:30 PM
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Designo White AMG GTS
Do you want a GTR or GTC? Buy the one you want.
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Old 07-11-2020, 03:36 PM
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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!
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Old 07-11-2020, 05:10 PM
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So how much in Canadian dollars total ?

I would buy the GTR.
Old 07-11-2020, 05:14 PM
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Up here

Originally Posted by AMG 17GT
So how much in Canadian dollars total ?

I would buy the GTR.
MSRP on a 2020 GTC is around $175-190k (Coupe) and 2020 GTR MSRP $195k-230k all CAD.


Old 07-11-2020, 05:42 PM
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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.
Old 07-11-2020, 10:58 PM
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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.

Last edited by big_willy; 07-11-2020 at 11:38 PM.
Old 07-11-2020, 11:50 PM
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Enjoy the new ride!

Originally Posted by big_willy
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.
What Color is it? You’ll have a blast. It’s really fun! Cheers

Last edited by DriveAMG; 07-11-2020 at 11:54 PM.
Old 07-11-2020, 11:57 PM
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Originally Posted by DriveAMG
What Color is it? You’ll have a blast. It’s really fun! Cheers
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.
Old 07-12-2020, 05:20 AM
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Originally Posted by big_willy
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.
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.
Old 07-12-2020, 07:59 AM
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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...
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Old 07-12-2020, 08:14 AM
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Is that the one with the two tone interior?

Originally Posted by big_willy
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.
And the full carbon exterior? Give Martin a call he’s very good. Enjoy the ride!
Old 07-12-2020, 08:18 AM
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I don’t see the value in a tune

Originally Posted by SLcruzen
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...
these cars are so powerful as is. I’ve got the EVM, a set of Weistec filters and a sprint box and she’s dynamite! Had it on the scales for track alignment and weight distribution is 50/50. Bang for the buck is where it’s at. That and their dead sexy!!!
Old 07-12-2020, 08:28 AM
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BC Tax is egregious

Originally Posted by py0413
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.
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!
Old 07-12-2020, 11:11 AM
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Originally Posted by SLcruzen
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...
Good to know and makes sense - the turbos and gearing is the same between the C and the R.

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.
Old 07-12-2020, 11:14 AM
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Originally Posted by py0413
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.
You can’t take sales tax into account. 26% is a joke. I don’t know why you stay in BC. I live in Ontario, and 13% is bad enough. I would be doing all I can to get around that.

Anyway, sales tax has nothing to do with depreciation of an asset.
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Old 07-12-2020, 11:15 AM
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Originally Posted by big_willy
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.
Congratulations! Post some photos. Does your GTC have the active suspension mounts? Most of the inventory cars don’t for some reason...
Old 07-12-2020, 02:05 PM
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Originally Posted by Surge
Congratulations! Post some photos. Does your GTC have the active suspension mounts? Most of the inventory cars don’t for some reason...
Yes track package with dynamic engine and transmission mounts are included. One reason i did not even consider any gtc within MB Corporate stores. None have the track package.
Also full carbon exterior is hard to find.
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Old 07-12-2020, 02:20 PM
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Originally Posted by py0413
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.
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.
Old 07-12-2020, 02:20 PM
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Originally Posted by DriveAMG
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!
Is it trade in amount or they want to buy it off you?
Old 07-12-2020, 02:21 PM
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Originally Posted by py0413
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.
Wow that seems quite low. Btw, is your car fully optioned (e.g. CCB, all carbon fibre options)?

Old 07-12-2020, 02:31 PM
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Originally Posted by SLcruzen
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...
From what I have read, the suspension is the same; It's the active aero and lightweight CF parts (like the torque tube, fenders, etc) making it about 200 lbs lighter and a better car on the track.
Old 07-12-2020, 03:19 PM
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Originally Posted by Skilly
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.
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%.
Old 07-12-2020, 07:55 PM
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Originally Posted by Surge
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%.
Yeah California is the WORST state for buying a car!

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.
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Old 07-12-2020, 10:49 PM
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Originally Posted by Skilly
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.
Anyone have any insight into how difficult it is to bring one of these over from Canada? I assumed it was rather tedious or expensive, or else I can save a large chunk of change on a GTR or jumping into a Perf.


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