Trade Value R350
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Joined: Feb 2006
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From: S.F. Bay Area
R350, 00' M Coupe
Trade Value R350
My significant other and I went to the dealership where we bought the MB. We wanted to find out how much our paid off R350 is worth. Since my wife drives the GST majority of the time, she would rather drive a SUV. The R350 was purchased back in November @ invoice price $60,xxx and MSRP was $66,xxx. We accumulated 12,xxx miles and the manager would only take $38,xxx. Give me a (explicit language) break. How can a vehicle lose $20K in 8 months? I'll try another MB dealership. If I receive the same treatment, I will never buy another Benz.
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Joined: Dec 2005
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From: Dallas TX
2013 650i Coupe, 2010 IS250 AWD, 1999 S500
Originally Posted by GSTR350
My significant other and I went to the dealership where we bought the MB. We wanted to find out how much our paid off R350 is worth. Since my wife drives the GST majority of the time, she would rather drive a SUV. The R350 was purchased back in November @ invoice price $60,xxx and MSRP was $66,xxx. We accumulated 12,xxx miles and the manager would only take $38,xxx. Give me a (explicit language) break. How can a vehicle lose $20K in 8 months? I'll try another MB dealership. If I receive the same treatment, I will never buy another Benz.
They can't give you too much more on a R because the R is a slow/hard sell when new.
M
Super Member
Joined: Jun 2006
Posts: 556
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2011 C300 4matic, 2015 Porsche Macan S, 2006 R500 (sold)
Originally Posted by GSTR350
My significant other and I went to the dealership where we bought the MB. We wanted to find out how much our paid off R350 is worth. Since my wife drives the GST majority of the time, she would rather drive a SUV. The R350 was purchased back in November @ invoice price $60,xxx and MSRP was $66,xxx. We accumulated 12,xxx miles and the manager would only take $38,xxx. Give me a (explicit language) break. How can a vehicle lose $20K in 8 months? I'll try another MB dealership. If I receive the same treatment, I will never buy another Benz.
Current market price is "invoice - $7,000".
The exact same car in new is $53,000. Take a 25% of the first year depreciation is around $40,000. So your deal is not off by a bit but not by a lot....
Super Member
Joined: Apr 2006
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From: Somewhere in Maryland
2000 CLK 430 Cabriolet
Originally Posted by Germancar1
Well the R is a rare example of a Benz that has been a market flop, other Mercedes' don't lose value that fast unless their some high-end AMG product like a S65 or something, otherwise Benz resale is pretty strong.
They can't give you too much more on a R because the R is a slow/hard sell when new.
M
They can't give you too much more on a R because the R is a slow/hard sell when new.
M
Member
Joined: Jun 2005
Posts: 87
Likes: 1
From: NY Capital Region
2000 CLK 320
MB is going to have a bunch of disgruntled R owners on their hands when it comes time to trade them in, given the huge depreciation hit, and assuming they stay with the brand. I would also imagine that a high percentage of recent R sales are the hugely discounted leases, so they will be coming on the market in 27 mos or less...which will hurt resale even more.
