Why is the resale value of S600 so low?
Super Member
Joined: Nov 2001
Posts: 894
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Main reason why Chrysler Financial got out of the leasing business; they were getting killed when the cars were turned in.
I agree with what was said before. Car leases are going to be gone for a while. You're going to see a lot of "attractive" financing offers.
I agree with what was said before. Car leases are going to be gone for a while. You're going to see a lot of "attractive" financing offers.
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Joined: Apr 2003
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From: SoCal OC
S, GL, Escalade ESV, my shoes
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2018 S63 Sedan and 2012 E350 Cabriolet
Did a quick search on autotrader for 2007 S600 ...
For those with less than 10K miles, the price ranges from $75,990 to around $150K. Just one is below $80K. Others are in 90s. I think that, given the economic circumstances, these are fair prices.
Thanks!!
Thanks!!
Senior Member
Joined: Mar 2008
Posts: 294
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From: North San Diego
2005 Range Rover HSE, 2008 BMW M3 Cab d/c, 2010 GL550 (wifes), 1993 Porsche 928GTS 32kmi garage quee
LOLChris I got to tell you when I first read that yesterday I was laughing.
I read it again and laughed again. Last night in my car I was laughing and this morning laughing again thinking about ECU to a zillion horsepower!!!! Thats funny shi....! Thats one major reason for my purchase over the 63.
I knew it could be easily modified to infinity or as you say a ZILLION horsepower. I will probably go Renntch as Trumpet did or Brabus once the warranty is out. For now though the car still is amazing every time!
Senior Member
Joined: Mar 2008
Posts: 294
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From: North San Diego
2005 Range Rover HSE, 2008 BMW M3 Cab d/c, 2010 GL550 (wifes), 1993 Porsche 928GTS 32kmi garage quee
I agree with Ahmad. Wholesale auction prices are one thing. The dealers are being very cautious right now. The real retail price for a clean 07 600 should be around $80k I think.
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Joined: Oct 2005
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From: Hunterdon County
'06 E 350 4matic wagon; '05 E 500 4matic sedan; '09 S550 4matic
Predicting 3 years out the residual value of vehicles has been the bane of financing companies for years. Setting the residuals too high causes lower payments but transfers risk to the leasor. The sales teams love it. Then, when the marrone hits the fan, it swings back with low residuals and high monthly payments and basically the auto companies are hunkering down and willing to let sales drop rather than writing down their books later on. BTW, sales teams get wicked ticked and will claim the finance guys are overly conservative and killing sales. This is why everyone loses when values drop in this kind of ecomomic environment- it's not just there is less money out there but any business dealing in financing assets with unclear future worth are valuing things for dirt to avoid risk.
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Joined: Oct 2005
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From: fl
1992 500E, 2006 E500, 2007 GL 450
While its true that resale values on virtually all luxury brands are at very low levels, the MB seems to be particularly hard hit. Poor resale values vs. BMW have been a fact of life for some time. The loss of 50%+ of value in 3 years or less has changed my habit of buying new every 3 years. While I can easily afford to buy new every couple of years it makes me feel foolish. I plan on keeping my current cars for 4-5 years. If there are more people out there like me, luxury brand sales could be under pressure for several years.
