Depreciation: $12k 1st yr, $8k 2nd yr - accurate?
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MBWorld Fanatic!
Joined: Jan 2004
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From: Baltimore MD
MB, BMW
Depreciation: $12k 1st yr, $8k 2nd yr - accurate?
it seems like new W212s lose about $12k in depreciation the first year and $8k 2nd year.
MBs from 1998-2006 had crazy high depreciation (but they were crap), i thought the newer MBs would do better holding the value, but apparently not.
MB USA is not helping w/ their crazy lease numbers, and steep discounts.
is it smarter to lease new MBs nowadays?
MBs from 1998-2006 had crazy high depreciation (but they were crap), i thought the newer MBs would do better holding the value, but apparently not.
MB USA is not helping w/ their crazy lease numbers, and steep discounts.
is it smarter to lease new MBs nowadays?
Out Of Control!!
Joined: Jun 2008
Posts: 10,557
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From: Earth
Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
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Joined: Dec 2006
Posts: 108
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From: MPLS
2016 E350
Real world
Try at least $15k year 1 and $10k year 2. That's from $57k MSRP though.
I've bought (leased) 2 E350s and both were discounted $12k and $14k back of MSRP.
Plus in 2009 they were so afraid of residuals MB FIN took the 36 mos. numbers down to 45% of MSRP. Works for me though, I'm positive equity in my car with 6 months to go.
Lease only if it makes sense for you in miles/time/cost wise. Generally a monthly payment of <1% of MSRP is good, <0.9% is phenomenal.
Not much incentive yet with .00240 and +/- 60% residuals, time will tell how far they drop the 2011s...
I've bought (leased) 2 E350s and both were discounted $12k and $14k back of MSRP.
Plus in 2009 they were so afraid of residuals MB FIN took the 36 mos. numbers down to 45% of MSRP. Works for me though, I'm positive equity in my car with 6 months to go.
Lease only if it makes sense for you in miles/time/cost wise. Generally a monthly payment of <1% of MSRP is good, <0.9% is phenomenal.
Not much incentive yet with .00240 and +/- 60% residuals, time will tell how far they drop the 2011s...
Out Of Control!!
Joined: Jun 2008
Posts: 10,557
Likes: 24
From: Earth
Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
What do you guys assume "should be" a fair residual for a Loaded E350 after 39 months? I was using '07-'08 W211's as an example, which actually were/are still going for high $30's in some cases (comfortably in the $30's for low mileage/Dealer/CPO examples for '08's and still some high $20's for '07's), and this is WITH being an old bodystyle, that had historical reliability problems to boot.
The problem here is indeed the ludicrous discounts being given for these cars (or the ludicrous MSRP, which is almost admitted due to the stupid-crazy discounts), which is a huge disservice to owners, as their cars depreciate like hell.
However, I think that the cars initially lose a ton of value in the first 2 years, as has always been with Luxury Cars, and I think once the $30's come around, they stay there for a while, and it starts depending more on Options, Mileage, Condition, etc.
The problem here is indeed the ludicrous discounts being given for these cars (or the ludicrous MSRP, which is almost admitted due to the stupid-crazy discounts), which is a huge disservice to owners, as their cars depreciate like hell.
However, I think that the cars initially lose a ton of value in the first 2 years, as has always been with Luxury Cars, and I think once the $30's come around, they stay there for a while, and it starts depending more on Options, Mileage, Condition, etc.
