SL55/63/65/R230 AMG: Depreciation on SL cars???
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Depreciation on SL cars???
Back in 2003, I purchased a 2000 S430 for 40,000$, about 60% of its original price. My question is that, do SL cars depreciate as fast as the S-series. If you look at the 3-series BMW's they depreciate at a trickle, about 1/3 the rate of these S-classes, what about the SL, those are my dream car (of course I would need at least 10X the cost of an SL to actually buy one for financial planning). Do you see the SL coming down in value and is it already in the 50K range w/ low miles? Also what do you guys think about the upcoming Volvo hard top covertible on volvo.com? Its heavily priced as well. By the way, help me make commission so I can be a proud owner of the SL500, (dont need the 55), I can add some kits to the SL500 -- use my promo code on my signature below, its ACT2005.
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From: Ann Arbor
'03 SL55
The SL55 AMG is holding its value very well. See for example http://www.memag.com/memag/article/a....jsp?id=108953, which shows a 2004 SL55 holding 77% of its value which is second only to the Mini Cooper S among all cars.
Last edited by jmf003; Jan 4, 2006 at 03:14 PM.
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That chart is the furthest thing from reality.
The used car market is in the biggest glut (or boom, depending on what side of the fence you're on) ever.
2005 SL55's are already selling for high 90's/low 100's. And this is RETAIL pricing. I don't have access to wholesale pricing manuals, but i'm guessing they're being sold in auctions for low 90's.
Just check Ebay. That site is the greatest place to find actual real-world pricing of used cars. Kelly Blue Book is a complete joke.
The used car market is in the biggest glut (or boom, depending on what side of the fence you're on) ever.
2005 SL55's are already selling for high 90's/low 100's. And this is RETAIL pricing. I don't have access to wholesale pricing manuals, but i'm guessing they're being sold in auctions for low 90's.
Just check Ebay. That site is the greatest place to find actual real-world pricing of used cars. Kelly Blue Book is a complete joke.
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From: Ann Arbor
'03 SL55
Well, FWIW Ebay doesn't back up your point. I just checked.
Two SL55s appear as sold. Only one was an '05. It had a flawed title (lemon law repurchase) but sold for $97,888 even with the title problem.
The other was an '03 that sold for $83,000. The Kelly Blue Book value for the '03 is $86,940 so the sale price was 95% of the KBB value and something like 72% of the original MSRP.
YMMV, as the saying goes.
Two SL55s appear as sold. Only one was an '05. It had a flawed title (lemon law repurchase) but sold for $97,888 even with the title problem.
The other was an '03 that sold for $83,000. The Kelly Blue Book value for the '03 is $86,940 so the sale price was 95% of the KBB value and something like 72% of the original MSRP.
YMMV, as the saying goes.
Originally Posted by jl88
That chart is the furthest thing from reality.
The used car market is in the biggest glut (or boom, depending on what side of the fence you're on) ever.
2005 SL55's are already selling for high 90's/low 100's. And this is RETAIL pricing. I don't have access to wholesale pricing manuals, but i'm guessing they're being sold in auctions for low 90's.
Just check Ebay. That site is the greatest place to find actual real-world pricing of used cars. Kelly Blue Book is a complete joke.
The used car market is in the biggest glut (or boom, depending on what side of the fence you're on) ever.
2005 SL55's are already selling for high 90's/low 100's. And this is RETAIL pricing. I don't have access to wholesale pricing manuals, but i'm guessing they're being sold in auctions for low 90's.
Just check Ebay. That site is the greatest place to find actual real-world pricing of used cars. Kelly Blue Book is a complete joke.
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Joined: Oct 2004
Posts: 433
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From: Phoenix, AZ
2007 CL600
Originally Posted by RedMongoosE
i know the R129 SL500 did well,
my SL in 1994 was 99,995
and then 10 years later it was $30K
and it had 37Kmiles on it.
thats about $10K a year loss
or $2,702 per mile loss.
keep them miles off!
mark
my SL in 1994 was 99,995
and then 10 years later it was $30K
and it had 37Kmiles on it.
thats about $10K a year loss
or $2,702 per mile loss.
keep them miles off!
mark
When my CL lease is up, I'm going back to BMW for a 750Li. Less money, equivalent car, and retains it's value better and they service the car for free. MB raises prices, lowers quality and wants me to return. No thanks.
I still love my SL. Had it out tonight with the top down here in San Diego. There are few joy like driving an SL600
Last edited by WIldcat465; Jan 5, 2006 at 10:53 PM.
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From: Irvine, CA
2008 E550, 2012 GL450, 2014 GLK350, 2015 S550, 2020 GLC350e
I can't tell you how much I wish BMW had made the 6-Series a convertable hard-top. It would give the SL some serious competition.
Originally Posted by WIldcat465
Keep the miles off? I say drive the car into the ground and get your money's worth. Lease it, drive it, and give it back to the dealer.
When my CL lease is up, I'm going back to BMW for a 750Li. Less money, equivalent car, and retains it's value better and they service the car for free. MB raises prices, lowers quality and wants me to return. No thanks.
I still love my SL. Had it out tonight with the top down here in San Diego. There are few joy like driving an SL600
When my CL lease is up, I'm going back to BMW for a 750Li. Less money, equivalent car, and retains it's value better and they service the car for free. MB raises prices, lowers quality and wants me to return. No thanks.
I still love my SL. Had it out tonight with the top down here in San Diego. There are few joy like driving an SL600
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From: Irvine, CA
2008 E550, 2012 GL450, 2014 GLK350, 2015 S550, 2020 GLC350e
I realize Fifth Gear is a British show, but their stats show 42% value left after 3yrs/36k miles .. so thats a value of $54k left after 3yrs on a $130k car.
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From: Irvine, CA
2008 E550, 2012 GL450, 2014 GLK350, 2015 S550, 2020 GLC350e
Wow, at least he's honest about the fact that the car lemon'd.
Not worth $69k for a lemon title though.
Not worth $69k for a lemon title though.
Originally Posted by Ted Baldwin
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Joined: Dec 2002
Posts: 911
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From: Wichita
2005 SL600, 2011 Honda Odyssey Touring Elite
Originally Posted by Vik888
I can't tell you how much I wish BMW had made the 6-Series a convertable hard-top. It would give the SL some serious competition.
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From: Irvine, CA
2008 E550, 2012 GL450, 2014 GLK350, 2015 S550, 2020 GLC350e
To each his own 
I *love* the SL. I like the 6-series. It doesn't look that bad.
I *love* the SL. I like the 6-series. It doesn't look that bad.
Originally Posted by JackStraw
Yes it would--- if you like goofy-looking cars.
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From: Bay Area
'10 Porsche Turbo PDK, 500e, GL450
Butt Ugly
I don't want to start a bashing thread here, but here goes ...
I can't stand the look of the 6 series. When I was looking at cars I went to the dealership to try and convince myself to get the 6 series and I just couldn't. The Bangle Butt on the 6 series is the worst of all of them. The convertible is even uglier with the top up.
I can't stand the look of the 6 series. When I was looking at cars I went to the dealership to try and convince myself to get the 6 series and I just couldn't. The Bangle Butt on the 6 series is the worst of all of them. The convertible is even uglier with the top up.
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Joined: Oct 2004
Posts: 433
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From: Phoenix, AZ
2007 CL600
Originally Posted by Vik888
I can't tell you how much I wish BMW had made the 6-Series a convertable hard-top. It would give the SL some serious competition.
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Joined: Nov 2001
Posts: 894
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This is the search I did
These are 2005 models. $30k drop from MSRP. This ISN'T INCLUDING SALES TAX.
I've bought brand new a 2001 S430 and 2003 SL500. I sold both to private parties. Mercedes, AMG and non, are not holding their values. I don't think any car is holding their value. Ferrari F430's can be had for $30k over sticker now. 6 months ago, it was 70k over sticker.
These are 2005 models. $30k drop from MSRP. This ISN'T INCLUDING SALES TAX.
I've bought brand new a 2001 S430 and 2003 SL500. I sold both to private parties. Mercedes, AMG and non, are not holding their values. I don't think any car is holding their value. Ferrari F430's can be had for $30k over sticker now. 6 months ago, it was 70k over sticker.
Originally Posted by jmf003
Well, FWIW Ebay doesn't back up your point. I just checked.
Two SL55s appear as sold. Only one was an '05. It had a flawed title (lemon law repurchase) but sold for $97,888 even with the title problem.
The other was an '03 that sold for $83,000. The Kelly Blue Book value for the '03 is $86,940 so the sale price was 95% of the KBB value and something like 72% of the original MSRP.
YMMV, as the saying goes.
Two SL55s appear as sold. Only one was an '05. It had a flawed title (lemon law repurchase) but sold for $97,888 even with the title problem.
The other was an '03 that sold for $83,000. The Kelly Blue Book value for the '03 is $86,940 so the sale price was 95% of the KBB value and something like 72% of the original MSRP.
YMMV, as the saying goes.
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well with any high end car, when you drive it off the lot, you lose 20% of the purchase price.. it's kind of a given.. and with the dealerships anticipating the changes for 2007, that holds true as well.. but definately, if I was out and debating btween a new 06 sl500 and sl55, it definately would be a used 05 sl55 for the same price as a new sl500 that blue one with 2,000 miles for $97,000 buy it now is less than a new base SL500 with a sport package (which the amg already has), for the same price, without the luxury, gas guzzler tax :>
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From: Ann Arbor
'03 SL55
The only '05 on your list with an asking price less than $100,000 has a flawed title. It's another lemon law repurchase. The clean '05s are all over $100,000.
I'm not looking to debate things but I just don't see any data to support your earlier comment that "2005 SL55's are already selling for high 90's...Just check Ebay...." Sorry.
Feel free to have the last word beause I'm done responding to this topic.
I'm not looking to debate things but I just don't see any data to support your earlier comment that "2005 SL55's are already selling for high 90's...Just check Ebay...." Sorry.
Feel free to have the last word beause I'm done responding to this topic.
Originally Posted by jl88
This is the search I did
These are 2005 models. $30k drop from MSRP. This ISN'T INCLUDING SALES TAX.
I've bought brand new a 2001 S430 and 2003 SL500. I sold both to private parties. Mercedes, AMG and non, are not holding their values. I don't think any car is holding their value. Ferrari F430's can be had for $30k over sticker now. 6 months ago, it was 70k over sticker.
These are 2005 models. $30k drop from MSRP. This ISN'T INCLUDING SALES TAX.
I've bought brand new a 2001 S430 and 2003 SL500. I sold both to private parties. Mercedes, AMG and non, are not holding their values. I don't think any car is holding their value. Ferrari F430's can be had for $30k over sticker now. 6 months ago, it was 70k over sticker.
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think about any $20,000 car.. drive it off the lot and a year later, drive it a few thousand miles, and it's a $16,000 car.. (20% depreceiation)
$40,000 car and a few thousand miles and a year later? $32,000 car... (20% depreciation)
why would the sl55 amg be any different? $130,000 car, few thousand miles, 1 year old.. $105,000 or so (20% depreciation) all sounds good and well with me.. it just seems higher because they are more expensive cars...
$40,000 car and a few thousand miles and a year later? $32,000 car... (20% depreciation)
why would the sl55 amg be any different? $130,000 car, few thousand miles, 1 year old.. $105,000 or so (20% depreciation) all sounds good and well with me.. it just seems higher because they are more expensive cars...
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Joined: Nov 2002
Posts: 270
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From: Arlington VA
'24 CLE 53
I hope no one trusts you w/ money
Originally Posted by RedMongoosE
i know the R129 SL500 did well,
my SL in 1994 was 99,995
and then 10 years later it was $30K
and it had 37Kmiles on it.
thats about $10K a year loss
or $2,702 per mile loss.
keep them miles off!
mark
my SL in 1994 was 99,995
and then 10 years later it was $30K
and it had 37Kmiles on it.
thats about $10K a year loss
or $2,702 per mile loss.
keep them miles off!
mark
By the way, it cost you $1.81 per mile not $2,702.
Amazing.
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Joined: Dec 2002
Posts: 740
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From: Charlotte, NC
No longer car shopping...
Originally Posted by Ted Baldwin
ON PROBATION
Joined: Jun 2005
Posts: 5,024
Likes: 0
Originally Posted by seattlecarfreak
think about any $20,000 car.. drive it off the lot and a year later, drive it a few thousand miles, and it's a $16,000 car.. (20% depreceiation)
$40,000 car and a few thousand miles and a year later? $32,000 car... (20% depreciation)
why would the sl55 amg be any different? $130,000 car, few thousand miles, 1 year old.. $105,000 or so (20% depreciation) all sounds good and well with me.. it just seems higher because they are more expensive cars...
$40,000 car and a few thousand miles and a year later? $32,000 car... (20% depreciation)
why would the sl55 amg be any different? $130,000 car, few thousand miles, 1 year old.. $105,000 or so (20% depreciation) all sounds good and well with me.. it just seems higher because they are more expensive cars...
And RedMongoosE is my accountant so he should know:
Originally Posted by RedMongoosE
i know the R129 SL500 did well, my SL in 1994 was 99,995 and then 10 years later it was $30K and it had 37Kmiles on it. thats about $10K a year loss or $2,702 per mile loss.
i know the R129 SL500 did well, my SL in 1994 was 99,995 and then 10 years later it was $30K and it had 37Kmiles on it. thats about $10K a year loss or $2,702 per mile loss.
Originally Posted by BigHat
$100K in '94. $30K "ten years later." Last time I checked $70,000 divided by 10 is $7,000, not $10K By the way, it cost you $1.81 per mile not $2,702. Amazing.
$100K in '94. $30K "ten years later." Last time I checked $70,000 divided by 10 is $7,000, not $10K By the way, it cost you $1.81 per mile not $2,702. Amazing.
Only the rare collector's car actually appreciates in value, guys -- this is all very basic.....
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Joined: Jan 2003
Posts: 140
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From: West Sussex, England
2007 Porsche Turbo Cabriolet
In the Uk, dealers are currently offering around £10,000 off of the list price of an SL.
I recently sold my March 2004 SL55 which had a F1 Performance pack. price paid £107,000 which included £1,000 discount. 19 months later and only 10,000 miles later, £61,000 was the best 'Shout'and most offers were in the mid fifties.
Now that big discounts are on offer, I dread to think what anyone selling an SL55 would get.
I recently sold my March 2004 SL55 which had a F1 Performance pack. price paid £107,000 which included £1,000 discount. 19 months later and only 10,000 miles later, £61,000 was the best 'Shout'and most offers were in the mid fifties.
Now that big discounts are on offer, I dread to think what anyone selling an SL55 would get.
