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SL65 depreciation $111k after 2 years and 3300 miles

 
Old 03-01-2019, 10:26 AM
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SL65 depreciation $111k after 2 years and 3300 miles

In 2017 when I considered and subsequently bought an SL65 AMG for $231k, I posted on this forum seeking advice from other forum members. One of these members cautioned that the depreciation was 'breath taking' on the SL65. Well 2 years later I gotta tell ya, it was all of that. I recently traded it in but before doing so I contacted a number of different MB and Porsche dealers. They offered, $104k, $118k, and 3 others at $120k. In retrospect, I should have heeded their advice. The old adage 'live and learn' certainly applied here.
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Old 03-02-2019, 11:16 AM
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2019 SL63 AMG
Holy Bat, ****man! I’ve heard the stories too, but I recently went ahead and bought (one of) my dream cars, a new 2019 SL63 AMG. I reasoned that at age 68 this may well be my last car, so I’m all in.
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Old 03-02-2019, 11:24 AM
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2019 Dune Silver Metallic E-450 Mercedes Cabriolet
I can't even fathom that...you're out of my league!
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Old 03-02-2019, 11:49 AM
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Originally Posted by WLP624 View Post
Holy Bat, ****man! Iíve heard the stories too, but I recently went ahead and bought (one of) my dream cars, a new 2019 SL63 AMG. I reasoned that at age 68 this may well be my last car, so Iím all in.
Congratulations on your car! Hopefully it is not your last. I am 64 and the SL65 was not intended to be my last. In fact now, I don't take any of the add-on extended or prepaid anything at purchase. I am now in the mode that every 2-3 years, I am going for something new. Keeps us young!

BTW, I shopped the SL63 at the time as well. Both models had a brutal depreciation curve. When I looked to trade-in the SL65, I asked my original SA what the trade-in value was and he said, are you sitting down, and then said $118k. I was blown away. For comparison, I then checked to do a what-if if I had purchased the 63 instead. The 2017s that I checked had depreciated about 35% after 2 years (170k msrp, asking 110k), still brutal on both models. I even checked a couple of consignors and they said these cars all head into the 30k range at some point. That is why I sold after only 2 years, just to protect what little depreciation I could salvage!

I have since moved on and returned to Porsche, which I have always loved. Yes, they of course depreciate as well, but I know in this case, I will be re-buying the same brand and therefore my trade-in equity is more easily applied.
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Old 03-22-2019, 08:24 PM
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2013 SL63
It is thanks to you guys that guys like me end up with these cars. My original owner paid 170. I purchased it 4 year later for 85. Only had 13 K miles.

So thank you sir!
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Old 03-23-2019, 01:39 AM
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Originally Posted by Sunline View Post
It is thanks to you guys that guys like me end up with these cars. My original owner paid 170. I purchased it 4 year later for 85. Only had 13 K miles.

So thank you sir!
And soon yours will be worth 35k. On a percentage basis your depreciation will be even worse.
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Old 03-23-2019, 06:27 AM
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SL 55 AMG, BMW M Roadster, Holden Commodore SSV
Yep, the time to buy an expensive MB is at about 10 yrs old. The vast majority of depreciation has been realized.

You can shop and buy @ $.25 on the dollar, or less in some cases. Key is to find a low mileage (2-3k miles/yr) auto with all service records to confirm it has been properly maintained.

I finally found an one, a 2008 SL55 AMG, with 26k miles, all MB service records and got it delivered 600 miles away for under $32k, including sales and property taxes. Car sticker was $138,450. Now that's a bargain!
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Old 03-23-2019, 12:53 PM
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Originally Posted by smithwn55 View Post
Yep, the time to buy an expensive MB is at about 10 yrs old. The vast majority of depreciation has been realized.

You can shop and buy @ $.25 on the dollar, or less in some cases. Key is to find a low mileage (2-3k miles/yr) auto with all service records to confirm it has been properly maintained.

I finally found an one, a 2008 SL55 AMG, with 26k miles, all MB service records and got it delivered 600 miles away for under $32k, including sales and property taxes. Car sticker was $138,450. Now that's a bargain!
The maintenance costs however can be brutal if performed by mb. An aged v12 especially so. Good luck with the 55.
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