$16/mile depreciation on W220
04-22-2009, 03:18 PM
#1
Super Member
Thread Starter
$16/mile depreciation on W220
Have been scouring the ads for a while now in pursuit of the right W220 for me and came across a 2006 S600 with 6,200 miles on it for $54,000! 
IIRC the list price on an '06 S600 was around $140,000 and this one has a few extras so we'll call it $145,000. Presuming the dealer selling it paid $45,000 for it that works out to be just over $16/mile in depreciation.
I understand you don't buy these cars as investments but when you see it spelled out like that it is quite frightening!
IIRC the list price on an '06 S600 was around $140,000 and this one has a few extras so we'll call it $145,000. Presuming the dealer selling it paid $45,000 for it that works out to be just over $16/mile in depreciation.
I understand you don't buy these cars as investments but when you see it spelled out like that it is quite frightening!
04-22-2009, 05:34 PM
#4
MBWorld Fanatic!
Have been scouring the ads for a while now in pursuit of the right W220 for me and came across a 2006 S600 with 6,200 miles on it for $54,000!
IIRC the list price on an '06 S600 was around $140,000 and this one has a few extras so we'll call it $145,000. Presuming the dealer selling it paid $45,000 for it that works out to be just over $16/mile in depreciation.
I understand you don't buy these cars as investments but when you see it spelled out like that it is quite frightening!
IIRC the list price on an '06 S600 was around $140,000 and this one has a few extras so we'll call it $145,000. Presuming the dealer selling it paid $45,000 for it that works out to be just over $16/mile in depreciation.
I understand you don't buy these cars as investments but when you see it spelled out like that it is quite frightening!
04-23-2009, 11:28 PM
#6
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04 S430 (sold),05 X5 4.4i, 02 325i, 87 560SL, 85 Alfa Romeo
It's un imaginable that someone would actually pay 54K for a 3 year old W220 regardless to what it costs new.. this is a car that wholesales in the high 30's which places its market value near that...
Fact is.. nobody wants them.. so they are cheap.. You can be swayed by old useless papaer values if you want but you are going to take a bath on any old body style W220 these days.. Especially the 600.
I gus its okay to have one if that's what you want but the days are gone for paying premium prices for these cars..
Fact is.. nobody wants them.. so they are cheap.. You can be swayed by old useless papaer values if you want but you are going to take a bath on any old body style W220 these days.. Especially the 600.
I gus its okay to have one if that's what you want but the days are gone for paying premium prices for these cars..
04-23-2009, 11:34 PM
#7
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Join Date: Jan 2008
Location: california high desert
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2003 S500, 03 C240, 03 E320, 03 tahoe
whatever it costs
life is a trip and buying high end cars is pure decadence,irresponsible,throwing big $ into the wind and laughing while you watch blow away.if it makes you feel good than spend it but dont ever regret it.live now!.read the book "a rich mans secret".
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04-24-2009, 11:23 AM
#8
Super Member
Thread Starter
It's un imaginable that someone would actually pay 54K for a 3 year old W220 regardless to what it costs new.. this is a car that wholesales in the high 30's which places its market value near that...
Fact is.. nobody wants them.. so they are cheap.. You can be swayed by old useless papaer values if you want but you are going to take a bath on any old body style W220 these days.. Especially the 600.
I gus its okay to have one if that's what you want but the days are gone for paying premium prices for these cars..
Fact is.. nobody wants them.. so they are cheap.. You can be swayed by old useless papaer values if you want but you are going to take a bath on any old body style W220 these days.. Especially the 600.
I gus its okay to have one if that's what you want but the days are gone for paying premium prices for these cars..
