Carmax offered me $17K for my Benz...LOL
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Joined: Dec 2004
Posts: 784
Likes: 22
From: Atlanta
06 E55 Black
Just watch BARRETT JACKSON AUCTION tell me the car sales a down and low priced.. I sold 5 cars yesterday while the other dealers on the street closed. If you expect a Dealer to pay full price for your car 
.. Go try to sell your ROLEX, Wife's Diamonds, Mods Come on guys that's like asking a trucking company to deliver your goods for the cost of GAS 
Once again " OUR CARS ARE NOT INVESTMENTS" Now quit your crying and start havin some FUN with your car...
Damn, I just spent 2k on a CALL GIRL, I had a great time, but I was really pissed off that she wouldn't return my MONEY when I was done giving her the all mighty SHLONG.. 
.. Go try to sell your ROLEX, Wife's Diamonds, Mods Come on guys that's like asking a trucking company to deliver your goods for the cost of GAS Once again " OUR CARS ARE NOT INVESTMENTS" Now quit your crying and start havin some FUN with your car...
Damn, I just spent 2k on a CALL GIRL, I had a great time, but I was really pissed off that she wouldn't return my MONEY when I was done giving her the all mighty SHLONG.. As the saying goes, you don't pay a call girl for sex, you pay her to leave...
Last edited by regor60; Jan 1, 2009 at 01:18 PM.
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Joined: Aug 2004
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
Just watch BARRETT JACKSON AUCTION tell me the car sales a down and low priced.. I sold 5 cars yesterday while the other dealers on the street closed. If you expect a Dealer to pay full price for your car .. Go try to sell your ROLEX, Wife's Diamonds, Mods Come on guys that's like asking a trucking company to deliver your goods for the cost of GAS
Once again " OUR CARS ARE NOT INVESTMENTS" Now quit your crying and start havin some FUN with your car... Damn, I just spent 2k on a CALL GIRL, I had a great time, but I was really pissed off that she wouldn't return my MONEY when I was done giving her the all mighty SHLONG..
.. Go try to sell your ROLEX, Wife's Diamonds, Mods Come on guys that's like asking a trucking company to deliver your goods for the cost of GAS Once again " OUR CARS ARE NOT INVESTMENTS" Now quit your crying and start havin some FUN with your car...
Damn, I just spent 2k on a CALL GIRL, I had a great time, but I was really pissed off that she wouldn't return my MONEY when I was done giving her the all mighty SHLONG.. 
Member
Joined: Feb 2008
Posts: 95
Likes: 0
08 E63 Wagon
nissan lost my business, and a lot of others for that matter i bet, when they released the gt-r. they claimed is could put down some amazing numbers, then said if you tried to drive it the way it was meant to be driven, they would void your warranty.
soon as they build a car worthy of repeated abuse, they can raise prices. those GT-Rs are worthless to me without the use of the launch control.
wish i could turn in my car early on lease, i would get a E55 or E63 in a heartbeat
soon as they build a car worthy of repeated abuse, they can raise prices. those GT-Rs are worthless to me without the use of the launch control.
wish i could turn in my car early on lease, i would get a E55 or E63 in a heartbeat
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Joined: Dec 2006
Posts: 568
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1988 535i 5 speed
One requires the other, no? I hate Carmax, at least around here all they do is sell massive amounts of 3-5 yr old beat up American cars, and they overcharge what sometimes seems like 3x for some. Geez, how long do you guys think this is going to keep happening? I was thinking, as long as the econ. is going down, the prices are gonna keep dropping, if 65s go into the 30s steadily, I might just pick one up! that might be the worst depreciation in the history of the world.
that might be the worst depreciation in the history of the world.
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Joined: Mar 2007
Posts: 222
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From: oc cali.
2004 E55 AMG
with a bad economy the highend market is taking a serious hit and it's about to get a lot worse. The E55 is a keeper because the newer cars out there are about the same speed or a tiny bit faster. mods for this car make it worth the money 600HP is more than enough power and the design for the W211 is classic. I plan to keep mine and start modding this year power and accessories(lots of carbon).
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Joined: Sep 2002
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CLS55 AMG
carmax basically looks at the most-recent auction prices in a given region and bases their offer on that. The 17.6K figure was most likely derived from a Florida sale of an '03 with 46K miles on it for $17.6K on 12/1 . They basically dropped it $100 and gave you that offer. 
Luxury cars are getting hammered right now. I'm seeing depreciation rates of well over $1000/month on some of them (S65s are at -$2K/mo right now! ). First, the economy is in the *****ter, and secondly, 'tis the season for lease specials, which means that lots of lease returns from two-three years ago when times were good and sales were high are hitting the market at the same time in this down economy, which means lots of supply with sharply reduced demand.
Hopefully this will slow somewhat now that we're into January; typically prices drop the most rapidly in Q4 and level off in Q1.
Luxury cars are getting hammered right now. I'm seeing depreciation rates of well over $1000/month on some of them (S65s are at -$2K/mo right now!
). First, the economy is in the *****ter, and secondly, 'tis the season for lease specials, which means that lots of lease returns from two-three years ago when times were good and sales were high are hitting the market at the same time in this down economy, which means lots of supply with sharply reduced demand.Hopefully this will slow somewhat now that we're into January; typically prices drop the most rapidly in Q4 and level off in Q1.
Thread Starter
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Joined: May 2004
Posts: 1,197
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W221 S65 AMG
One requires the other, no? I hate Carmax, at least around here all they do is sell massive amounts of 3-5 yr old beat up American cars, and they overcharge what sometimes seems like 3x for some. Geez, how long do you guys think this is going to keep happening? I was thinking, as long as the econ. is going down, the prices are gonna keep dropping, if 65s go into the 30s steadily, I might just pick one up! that might be the worst depreciation in the history of the world.
that might be the worst depreciation in the history of the world. Here is some scarry math......
2006 S65 AMG
MSRP $195K
SOLD $37K
2.5 year Depreciation: 158K
per month dep: $5,266
Dep %: 81% (2.5 years)
Annualized rate of dep: -45% (thats like the stock market this year but for 1.5 more years).
What a RIP OFF. Ouch.
If you know your car would be worth 18% of its initial value in just 30 months what would you do? Perhaps thats why new 65 AMGs sell for 135K new now and not $195-205K?
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Joined: Jan 2003
Posts: 1,764
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From: El Paso, TX
'03 G500, '13 G63, '17 GLS63,
Just watch BARRETT JACKSON AUCTION tell me the car sales a down and low priced.. I sold 5 cars yesterday while the other dealers on the street closed. If you expect a Dealer to pay full price for your car .. Go try to sell your ROLEX, Wife's Diamonds, Mods Come on guys that's like asking a trucking company to deliver your goods for the cost of GAS
Once again " OUR CARS ARE NOT INVESTMENTS" Now quit your crying and start havin some FUN with your car... Damn, I just spent 2k on a CALL GIRL, I had a great time, but I was really pissed off that she wouldn't return my MONEY when I was done giving her the all mighty SHLONG..
.. Go try to sell your ROLEX, Wife's Diamonds, Mods Come on guys that's like asking a trucking company to deliver your goods for the cost of GAS Once again " OUR CARS ARE NOT INVESTMENTS" Now quit your crying and start havin some FUN with your car...
Damn, I just spent 2k on a CALL GIRL, I had a great time, but I was really pissed off that she wouldn't return my MONEY when I was done giving her the all mighty SHLONG.. 
2009 Barrett-Jackson starts January 11:
http://www.barrett-jackson.com/eventschedule/default.asp
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From: Long Island, NY & SE England
A Mercedes obviously!
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1991 964 Turbo, 2002 Black E55, 2002 Black E55 " The Beast"- 2014 E63s
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Joined: Feb 2003
Posts: 227
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From: Bay Area
01 S2000, E46 M3, 99 ML320
Just so you guys know, you are better off trying to sell a 2006 CAMRY than a 2006 E55 AMG right now. If you look at the big picture, the economy is only going to get worse and these luxo high end cars are the LEAST demand. Carmax knows this and offered you $17k because they know it will probably sit on their lot most likely or not sell.
I sold my e46 m3 but it ONLY took me well over a year to finally sell it at a price I was happy with. Dealer offered me around $17k for it and I ended up getting nearly double that on a private sale. However my friend put up her 2007 Camry and sold it within 2 days for $18.5k.
I'm shopping for a e63 or m5 right now and everyone tells me the e55 are almost unsellable unless you give them away. I don't know if that is true but with used cars it's a double problem since if you hold onto it, you will lose value and if you sell fast, you will get low-balled by whoever. I agree that cars are not usually investments and in this economy even the mighty GT-R will sell below sticker soon. A porsche dealer offered me a loaded brand new 08 Cayenne GTS for $17.5k OFF MSRP! That is nuts but too bad it's still $$$ money!
rk
I sold my e46 m3 but it ONLY took me well over a year to finally sell it at a price I was happy with. Dealer offered me around $17k for it and I ended up getting nearly double that on a private sale. However my friend put up her 2007 Camry and sold it within 2 days for $18.5k.
I'm shopping for a e63 or m5 right now and everyone tells me the e55 are almost unsellable unless you give them away. I don't know if that is true but with used cars it's a double problem since if you hold onto it, you will lose value and if you sell fast, you will get low-balled by whoever. I agree that cars are not usually investments and in this economy even the mighty GT-R will sell below sticker soon. A porsche dealer offered me a loaded brand new 08 Cayenne GTS for $17.5k OFF MSRP! That is nuts but too bad it's still $$$ money!
rk
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From: Witness Protection
BMW 540i
Check out what CarFax is trying to sell E55's for:
http://www.carmax.com/enUS/search-re...6-cf7454c95566
http://www.carmax.com/enUS/search-re...6-cf7454c95566
