jpohl402

I hardly remember anymore - when will the E63s lose their significant amount of value due to new body style release? I want a typically speaking scenario, nothing to do w the Economy and the Ups & Downs - I know it will debut in about April, but judging from the past, has most of the value already been lost now...... will it be overnight once new model is on show floors...... or will it be a few months after actual release?

We all know about where the 2007s are at, how will 2008s be affected??

Thanks.........

MB_Forever

They have not hit rock bottom yet. Right now they're still in low to mid 50s, but value will continue to drop until the very low 30s, and then maybe level off slowly in the high 20s.

I believe 08 are in the low 60s depending on mileage and condition.

intellilogic

Hurtin' Yea, I learned this the hard way, I decided it wasn't worth selling.

jpohl402

More opinions?

BenzBoy12

Well, you're gonna have to take the econ. into account right now, like it or not, these are going to drop more than they otherwise would've during the next year or so. It will most likely take a 5-10k hit, all you have to do is look at what happened with the original S65, I'm sure those guys could tell you all about it. It was released right along with the new body, and so the dealers couldn't even sell a mint new one for more than 150k or so, and they very quickly dropped to ~100k for a little while. Not sure what will happen, depends how it is received a little bit too, for instance when the 63s came out, the 55s didn't drop that much at first because they weren't seen as superior.

jpohl402

I guess I will elaborate on my post.....
I plan on purchasing an E63 in the next year.
I have been shopping off and on for the last 3 months or so.
Just looking for input if I should buy now, or wait until the new model drops is really all - if there would be drastic savings. A few thousand, no big deal. 10k overnight would probably cause me to wait until April or later.
Thanks.

sack5000

I am looking to turn in my leased vehicle and so I am looking for something to replace it. I would definitely wait for the prices to come down over the next six months. People here have expressed thoughts that the E63s are much lower than they are. In fact, I think prices are higher than they should be relative to other cars. For an 07 that has say 20K miles you are looking at mid 50s. If you want a certified car you are looking at around 60K. For an 08 you are looking at perhaps low to mid 60s and more for a certified car. You should have pretty much your pick for options. Be very careful as there are some Premium I cars out there that you don't want. Anyway pick your options and colors and find what you want.

The troubling thing is the auction prices that are quite low. Sale prices just don't reflect what you could buy a car for at auction. This is probably a lag that 4-6 months waiting should fix.

Adding a CPO to a car will cost you $3,995 for two years and then you will be good.

If you want to check out a decent '08, there is one on Ebay for $62K with 13 ticks. Also, auto trader has a good selection of 07 and 08 cars. The Mercedes preowned site has many cars that are mostly overpriced. My rule is to never buy a car unless you go see it first. So don't buy one sight unseen although many people do.

Again waiting (if you can) is probably the thing to do.

liquiddi

depends on where you are located. Supply and demand. I don't think the 63's will be hurt any worse then any other MB. It's a great car. The economy is killing all 100K cars. That will change sooner or later. Bottom line is I would never sell my E63 so that makes it just a little harder for anyone shopping for a E63

Improviz

I've been following depreciation for some time. What I've observed is that when a new model comes out, the old body style definitely takes a hit...the effect seems to be equivalent to basically one extra year of depreciation. For example, take a look at this page from Edmunds for the E Class' resale values. Note that the drops are relatively consistent, and then bang, at 2002 there's a *big* drop from '03:
http://www.edmunds.com/used/2006/mer...alevalues.html

Year Trade-In Private Party Dealer Retail
2009 N/A - N/A N/A - N/A N/A - N/A
2008 $37,013 - $55,714 $40,316 - $62,397 $42,808 - $67,439
2007 $25,776 - $47,604 $28,203 - $52,273 $30,034 - $55,796
2006 $19,942 - $24,517 $22,516 - $27,592 $24,457 - $29,932
2005 $16,742 - $19,919 $18,824 - $22,290 $20,394 - $24,079
2004 $14,001 - $15,600 $15,814 - $17,697 $17,297 - $19,412
2003 $12,827 - $25,894 $14,442 - $29,202 $15,875 - $32,136
2002 $7,817 - $14,107 $8,924 - $16,417 $9,946 - $18,550
2001 $6,794 - $11,663 $7,889 - $13,548 $8,962 - $15,395
2000 $5,863 - $6,867 $7,008 - $8,209 $8,200 - $9,605

It's been similar across other models, some less than others (Porsche 911 comes to mind; since they have pretty limited production and, probably more importantly, don't change their appearances drastically with each upgrade, the old ones hold their value better).

Anyway, prices always fall, constantly, can't get around that. Personally, I'd wait at least a few more months...seems like there's always a drop-off in sales around tax time, so April is a good month.

Jon2007E63P30

I think part of the reason the 63s are falling so fast is that they are hard to modify. This forum is a prime example of the demographic.

jpohl402

thanks sack and improviz !!
jon may also be partially correct, though not 100% of people mod their cars......

Yacht Master

Thanks this made my day

Improviz

I can relate...got my W208 CLK55 back in '01, new model W209 came out in '03, and value went down...down...Down...DOWN.

Which was what led me to my little depreciation study in the first place, lol...

Bottom line is, though, after the first year hit of 15-25% and the second of 8-12%, yearly depreciation is around 5-8% of a vehicle's original MSRP, dropping off to a lower rate as it ages. So on a 100K car, under ideal economic circumstances which we don't have now, with average depreciation, you're looking at end of year prices of:

$75,000 (end of first year when purchased new)
$66,000 (second, and so on...)
$58,000
$50,000
$42,000
$36,000
$31,000
$27,000

Again, those are for average vehicles (i.e., those that depreciate at the average rate. There are different rates, low and high, as well for more/less desireable cars), under less-stressful economic times. And if you strip off the 000 at the end, they are also percentages that you can use.

nismorg

you can look at it another way.

You can buy a 07 for Low/Mid 50s
08 for Low to mid 60s
Make payment of 950-1100 for 1 year = 12-13K
or wait 1 year and buy it for Low to Mid 40s and save your 12-13K.

The math about adds up, but Just gets you in the car 1 year sooner.

The prices will drop some more but the 63 won't be 30K a year from now. Yeah some high milage or other Grade B-C cars may go for low price but a average 20-30K mile car won't dip into the 30s in 1 year.