StephenK

If I end up selling or trading my 05 SL600 between now and July, when my 06 SL600 comes in, how much do you think I can realistically expect to get for the Vehicle. I really don't want to deal with people who may or may not be serious (TEST DRIVERS) or even worse criminals. Any input would be appreciated.

pimpitcharlie

ask 120k, take nothing below 110k

why would anyone buy an SL600, with their known fast depreciation, and sell it just to buy ANOTHER one? Are you crazy? Why go 05 to 06. Why even buy it again? Are you goign to sell the 06 for an 07 and so forth? Put your money into realestate

nickg

And why, if you are prepared to throw $$$$$$$$ cash away trading the car in, don't you just take a slightly bigger hit and part exchange it with your dealer, to avoid the aggravation.

Prolix

He answered this in another thread - "It will be brand new and I will have some more options I didn't have before." The options he is getting that he didn't have before are the parktronic, distronic and the cornering fog lamps. He is getting the same color inside and out, and he said that the wheels that now come with the sports package he doesn't like as much as the wheels he currently has on his car. So if the '06 costs him about $150,000 and he gets $120,000 for the '05, he will be spending $30,000 for the parktronic, distronic and cornering fog lamps...........and the new car smell. Does not seem like a prudent financial decision to me, but $30,000 probably represents a far smaller percentage of his net worth than it does mine, so I can't sit in judgement.

lorinserbenz

There is a 05 Sl600 on Ebay for $107K, with a decent array of options...
Id say $105k-115k...
..


Why not just trade it in? I think the sales tax you save will help offset the money you lose. What color are you getting this time?

StephenK

Thanks for the financial advice, I already have a LOT of real estate. It's time to have some fun and spend some of that money. I am going to trade my 01 S500 for what I think will be labeled an 06 or 07 S-Class when the new body comes out, so maybe I can keep the 05 to 06 to 07 pace going.

StephenK

Trading seems to be the option with the least amount of hassles if I decide to trade/sell the car. I don't really want to deal with people coming over for a test drive. In real estate we call them tire kickers, in the car business they may have the same name.

pimpitcharlie

why don't sell all your realestate, and buy a 10 million $ mansion in La Jolla, or Newport Ca? Thats my dream instead of Florida and you can have your 06 SL and 07 S

StephenK

Thanks, but Real Estate especially in Florida has a good few more years of appreciation at least. Real Estate holdings are my retirement. Never even thought about California.

NOTKTS

StephenK, if you dont mind me asking where do you have prop in Florida? I haven’t looked at north Florida in a while, but I have been getting into Osceola County quite a bit lately.

StephenK

The Panhandle in the Florida Is Experiencing Mind Boggling Appreciation the past several years. I am in the real estate business and even I can't believe it. Look west of Panama City between there and Destin, Florida. Rosemary Beach, Grayton Beach, Seagrove Beach, Destin, San Destin & Seaside Florida. A Huge plus for the entire area was the developing by St. Joe which you may already know is the largest land owner in the State of Florida. They have definately enriched the emerald coast.

v8plus4

I am in the real estate/development business in Seagrove Beach, and StephenK is correct. We have 20 offices in the region, between Gulf Shores, AL and Mexico Beach, FL, and the appreciation has been very strong across the region, but the Destin-South Walton County area has been mind-boggling indeed. Some areas saw over 100% appreciation in 2004. If anyone would like more information on this area, PM me.

John

TestnDoc

StephenK,

I have some investment properties(condos) in Destin (sandestin). I have decided to unload them this year. Personally, I think the market is way too high, driven by low interest rates and poor equity markets. I see similiar parallels with the tech bubble of the late '90s. Having said that, Panama City is certainly less pricey, and I might represent a buying opportunity. I would love to hear more of your insights. Thanks!!

pilot20

The FDIC has issued a report suggesting that the housing markets (in some areas such as Florida and California) are wildly overprcied due to low interest rates and predatory speculation. They are predicting a housing "bubble" in selected areas once rates go back up as they inevitably will.

Some of you dependant on unrealistically high housing prices to make a living might be posting on the Yugo board this time next year.

PA55AMG

Typical, the troll is back with another negative post. Can't you ever say anything positive!

lorinserbenz

WTF is wrong with you dweeb? Go away.. let me guess you are a butt Pilot?

NeilC123

Well he simply speaks the truth...whenever there is a rise there has to eventually be a fall...and higher interest rates is usually the catalyst for such a fall.

WIldcat465

Because they can. Everybody wants to be a financial advisor.

StephenK

Nice Comment:

I have been beginning to feel the same way.

pilot20

Well if people don't want financial advice why are they posting essentially financial questions?

Idiots.

jkypes

i'd be interested in getting more info from you guys down in florida if you dont mind. I have some properties in michigan, but its too cold and i wanna get out of here! stephenk or v8plus4, or anyone else involved in the area for that matter, would you mind getting me some contact info for a good broker down there? my email is jkypes@hotmail.com

thanks!
jason

WIldcat465

He wasn't asking for advice on how to invest his money--just opinions on his car's value. You attacked that man because he wants to spend his hard earned (or not so hard) money in a way that does not suit you AND then you attack me for calling you on it.