dilemna
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Member
Joined: Nov 2005
Posts: 223
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From: Boston
2006 SLK55 AMG
dilemna
always love the E55 however ended up buying a new 06 SLK55 because my dealership wouldn't give me a reasonable deal on the 06 E55...
now i check their inventory and realize them having an 03 E55 AMG in pewter metallic... I could trade in my car after it depreciated to $55,000 (OUCH!), however, am not sure if that's a good idea.
what do you guys think - this would be a horrible decision in germany, but for some reason in america old cars don't lose a lot of value when older
thanks
now i check their inventory and realize them having an 03 E55 AMG in pewter metallic... I could trade in my car after it depreciated to $55,000 (OUCH!), however, am not sure if that's a good idea.
what do you guys think - this would be a horrible decision in germany, but for some reason in america old cars don't lose a lot of value when older
thanks
Member
Joined: Nov 2003
Posts: 211
Likes: 0
From: Atlanta
2002 E55, Black on Black
I'm not sure of your particular numbers, but traditionally here in the U.S. it is a very bad financial decision to part with a used car so soon. Depreciation hits are always the worst in the first year, and get slightly better year after year following that.
That being said, the same holds true for the dealer selling a used car. E55 depreciation is god-awful, and an 03 should go for a great price. You can minimize the bath you are taking on your car by buying a used E55.
Another thing to consider is that you are giving up a know quantity for an unnknown one. You need to factor in things like warranty and service history. 03 was the first model year, and electrical problems are relatively common.
That being said, the same holds true for the dealer selling a used car. E55 depreciation is god-awful, and an 03 should go for a great price. You can minimize the bath you are taking on your car by buying a used E55.
Another thing to consider is that you are giving up a know quantity for an unnknown one. You need to factor in things like warranty and service history. 03 was the first model year, and electrical problems are relatively common.
