Why do AMGs devalue sooo fast? 2007 E65 w/ 14K miles = $24,210 - $34,300
Thread Starter
MBWorld Fanatic!
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W221 S65 AMG
Why do AMGs devalue sooo fast? 2007 E65 w/ 14K miles = $24,210 - $34,300
****ing robbery! A Porsche doesn't do that.
http://www.newcars.com/how-to-buy-a-...appraisal.html
Trade-in Value
Black Book® Pre-Inspection Trade-In Estimate.
2007 MERCEDES-BENZ E CLASS
$24,210 - $34,300
http://www.newcars.com/how-to-buy-a-...appraisal.html
Trade-in Value
Black Book® Pre-Inspection Trade-In Estimate.
2007 MERCEDES-BENZ E CLASS
$24,210 - $34,300
Thread Starter
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W221 S65 AMG
Thread Starter
MBWorld Fanatic!
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W221 S65 AMG
I bought it used for 93K with 9K miles, it has 14K miles on it now and i went to see what i could get for a trade in on a 2013 GTR and they said $65K. I thought the crazy deprciation had passed. Guess I was wrong.
So i spent 18K on payments in the last 12 months and 30K in depreciation!
cost per mile to operate without depreciation is $3.57 based on the 5K miles I drove this past year. Absurd.
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From: on my way
2012 CLS63
I know what you mean: paid 87 for mine, now they wanna give me only 70 back......
with les than 5K on the clock....
guess it isn't that bad, but still......
it bothers me more they'll turn it back around for at least 80 right?
with les than 5K on the clock....
guess it isn't that bad, but still......
it bothers me more they'll turn it back around for at least 80 right?
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
I bought it used for 93K with 9K miles, it has 14K miles on it now and i went to see what i could get for a trade in on a 2013 GTR and they said $65K. I thought the crazy deprciation had passed. Guess I was wrong.
So i spent 18K on payments in the last 12 months and 30K in depreciation!
cost per mile to operate without depreciation is $3.57 based on the 5K miles I drove this past year. Absurd.
So i spent 18K on payments in the last 12 months and 30K in depreciation!
cost per mile to operate without depreciation is $3.57 based on the 5K miles I drove this past year. Absurd.
If the dealer is a pimp, then what are you? Yeah....that's how it is done.
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From: OC
i drive them all, fast and hard
thats why i guess when u buy these, buy to keep, and dont even think about trading in
what about leasing, is that a better option for the 3-4 yr run of ownership,
ive never leased, bc ive always thought that u lose alot of money that way, plus i dont thnk i can stay within the milage allowance
what about leasing, is that a better option for the 3-4 yr run of ownership,
ive never leased, bc ive always thought that u lose alot of money that way, plus i dont thnk i can stay within the milage allowance
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Joined: Aug 2004
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From: Boston, MA
2010 E63, 2008 Range Rover Sport, 2010 GLK350
They do drop fast and the 2007 E is now an old body style which adds to it. The C is still new body style so it is holding value.
That being said, the 2007 E63 will be almost the same price even in 3 yaers from now.
Point in case - I sold my 2001 E55 with 40K miles fo $18K 4 years ago. That car would still bring $15-17K today with low miles. There is an end to it and those 2007s are damn near close to it I would bet you.
Same with my 2005 E55, sold 1.5 years ago and that same car is actually going for more than what I sold it for! I have bad timing I guess.
On a side note, I missed my first AMG so much I just bought a mint condition 2001 E55 AMG with 46K miles. Tectile grey with red/black interior. Paid $15K. I'm not selling my E63 or my E55 for a longgg time now. Will add to the group but wont sell.
That being said, the 2007 E63 will be almost the same price even in 3 yaers from now.
Point in case - I sold my 2001 E55 with 40K miles fo $18K 4 years ago. That car would still bring $15-17K today with low miles. There is an end to it and those 2007s are damn near close to it I would bet you.
Same with my 2005 E55, sold 1.5 years ago and that same car is actually going for more than what I sold it for! I have bad timing I guess.
On a side note, I missed my first AMG so much I just bought a mint condition 2001 E55 AMG with 46K miles. Tectile grey with red/black interior. Paid $15K. I'm not selling my E63 or my E55 for a longgg time now. Will add to the group but wont sell.
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From: Gulf Coast but not Florida
GLK350, SL63 AMG
I agree
thats why i guess when u buy these, buy to keep, and dont even think about trading in
what about leasing, is that a better option for the 3-4 yr run of ownership,
ive never leased, bc ive always thought that u lose alot of money that way, plus i dont thnk i can stay within the milage allowance
what about leasing, is that a better option for the 3-4 yr run of ownership,
ive never leased, bc ive always thought that u lose alot of money that way, plus i dont thnk i can stay within the milage allowance
At some point a limited edition enthusiast car is going to go up in value. Look at 300SLs.
As a veteran of the first Earth Day, I intend to hang onto the CL and the G as a longterm purchase, maybe my last vehicles. Btw love your stable! Tempus fugit.
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
Don't expect an AMG to go up in value. AMG cars are not collectors' items like Bugatti and Ferrari. AMG's are meant to be driven and have fun with.
Why so much depreciation?...I have read through similar topics all over the place and also on other forums. It's probably from the history of poor reliability. It will take MB quite some time to rebuild and repair the image to that of a solid, reliable MB. The good thing is, recent MB's are more reliable.
But look at it this way, it's good for those of us looking for a second-hand ones after the first owners have taken the mega hit with the depreciation, esp with 1st and 2nd year. Of course, like someone had mentioned above, buy to keep and it probably wouldn't matter. In the long run, lease is going to cost you more. Of course, the S65 depreciation is well known and quite a bit too much to swallow. But remember most of the S65's were dumped near the end of the 4 yr warranty is up, because who can stomach the bill when something goes wrong with a V12 AMG engine. That's another reason I went with a near new E63 with plenty of warranty even though the same $$ can get me a '07 S65.
Yup, that's what I called negative balance--depreciation is more than what you have owned on the car. The previous owner of my car got that, too. However, I thank him/her for that.
Why so much depreciation?...I have read through similar topics all over the place and also on other forums. It's probably from the history of poor reliability. It will take MB quite some time to rebuild and repair the image to that of a solid, reliable MB. The good thing is, recent MB's are more reliable.
But look at it this way, it's good for those of us looking for a second-hand ones after the first owners have taken the mega hit with the depreciation, esp with 1st and 2nd year. Of course, like someone had mentioned above, buy to keep and it probably wouldn't matter. In the long run, lease is going to cost you more. Of course, the S65 depreciation is well known and quite a bit too much to swallow. But remember most of the S65's were dumped near the end of the 4 yr warranty is up, because who can stomach the bill when something goes wrong with a V12 AMG engine. That's another reason I went with a near new E63 with plenty of warranty even though the same $$ can get me a '07 S65.
Yup, that's what I called negative balance--depreciation is more than what you have owned on the car. The previous owner of my car got that, too. However, I thank him/her for that.
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From: Long Island
E63 AMG 2010, Black, Pano, P2
What about Black Series AMGs?
What about Black Series AMGs? Do they hold the value better then standard AMG models?
Currently I have C63 BS on order, but I am having second thoughts about whether it is actually worth 105+ sticker price tag. Any ideas on how C63 BS will hold its value?
Currently I have C63 BS on order, but I am having second thoughts about whether it is actually worth 105+ sticker price tag. Any ideas on how C63 BS will hold its value?
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
.By the way, I noticed regular C63's seem to be holding values better, but maybe it's because of it's lower price to make depreciation seem not as much.
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From: PDX
1999 C43, 2008 P30 E63, 2014 SQ5, 2024 Model Y Performance
Highly doubt it will hold value. Most AMG's are no collectors' items except for the original gullwings, etc. Personally, I would just stick with a regular C63. The engine in the C63 BS is basically an "un-detuned" M156 which you can get in an E63. Not too sure why AMG detuned the engine for regular C63 .
By the way, I noticed regular C63's seem to be holding values better, but maybe it's because of it's lower price to make depreciation seem not as much.
.By the way, I noticed regular C63's seem to be holding values better, but maybe it's because of it's lower price to make depreciation seem not as much.
Remember the C class is the entry level AMG and it would be hard to sell an E63 when the C63 out performs it in every way except cabin room.
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
It is expected that higher power to weight ratio will enhance performance. Of course, the E-class crowd is slightly different than the C-class crowd.
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None
Then sell it privately. For the $10K you claim, its worth the hassle.
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UGR TT Lambo
With luxury cars like Mercedes, you either lease, buy used, or have enough disposable income to where a $30,000+ hit within a year or two is meaningless to you.. but I have a problem with that logic... just because you CAN doesn't mean you should. It's just wasteful IMO.
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
With luxury cars like Mercedes, you either lease, buy used, or have enough disposable income to where a $30,000+ hit within a year or two is meaningless to you.. but I have a problem with that logic... just because you CAN doesn't mean you should. It's just wasteful IMO.
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
With luxury cars like Mercedes, you either lease, buy used, or have enough disposable income to where a $30,000+ hit within a year or two is meaningless to you.. but I have a problem with that logic... just because you CAN doesn't mean you should. It's just wasteful IMO.
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From: Houston, Tx
2015 C63S
With luxury cars like Mercedes, you either lease, buy used, or have enough disposable income to where a $30,000+ hit within a year or two is meaningless to you.. but I have a problem with that logic... just because you CAN doesn't mean you should. It's just wasteful IMO.
