C Class Coupe Depreciation

Discussion in 'Insurance & Finance' started by Dan96, Oct 5, 2018.

  1. Dan96

    Dan96 New Member

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    Hi,

    I have seen a 2016 used C Class Coupe Prem Plus for £27k. If I finance it I will be paying £29k. If I'm looking to sell in 3 years what do you think the depreciation will be? It has 13k miles on the clock.

    Thanks
     
  2. Greenmanslk

    Greenmanslk Hardcore MB Enthusiast

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    How many miles will you add in 3 years?

    Is it petrol or deseael?

    I’ll guess at value of £8-10k, so c£20k deprecation
     
  3. OP
    OP
    Dan96

    Dan96 New Member

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    I'll probably do 20k miles in that time. It's a petrol, purely because of this damn ULEZ tax in London coming into effect.
     
  4. SL500AMG

    SL500AMG Hardcore MB Enthusiast

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    With low mileage I would say £12k so mote like £17k depreciation.

    Sent from my SM-G955F using Tapatalk
     
  5. OP
    OP
    Dan96

    Dan96 New Member

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    Big depreciation there, would leasing be seen as the better option then?
     
  6. fabes

    fabes Hardcore MB Enthusiast

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    Ouch

    I presume that the purchase price is good and not over the top as that is a LOT off a low (well spec'd) miler?
     
  7. OP
    OP
    Dan96

    Dan96 New Member

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    @fabes Yeah that is a lot more than expected. Purchase price is £27,000 as the car is 2 years old.

    I’m thinking of going down the route of leasing now as even that would work out cheaper.
     
  8. GeeJayW

    GeeJayW Hardcore MB Enthusiast

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    A quick look on Autotrader suggests to me that £27k is a lot for 2016 C-Class Coupe unless it's a C43, in which case it's too cheap...
    A 2013 Coupe can be had for £10-11k, so I'd expect a '16 car to be similar in three years time.

    And by the way a EU6 diesel is allowed in ULEZ.
     
    Last edited: Oct 12, 2018
  9. 400ixl

    400ixl Hardcore MB Enthusiast

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    But at 20k miles over 3 years a diesel wouldn't be the best choice anyway really.
     
  10. SmartAmg

    SmartAmg Hardcore MB Enthusiast

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    Don't, understand the hang up, about depreciation, surely you get a car because that's the car you want, very, very few cars don't depreciate, some lose more than others granted, personally if i had been worried about losing money on the cars I've had, I would never have got the cars I really wanted and have enjoyed, particularly if like me , you like tinkering with them as well, and no I ain't got a lot of money either, never have had, but if i want it and can afford it I'll get it.
     
    John N likes this.
  11. Thrash

    Thrash Hardcore MB Enthusiast

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    £27k sounds like a lot, I think around £23/24k would be more reasonable. If it's on the Mercedes used site then you can often see a finance calculator, if you put your figures in then it will give you a GFV which would be a good indicator of what MB think it will be worth. I'd say probably £12k max.
     
  12. ferg f

    ferg f Active Member

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    Your price to buy is way high, as Thrash has indicated above. I'd be looking for another deal to be honest.

    Over three years look at losing 50% and you won't be far out with that.
     
  13. LTD

    LTD MB Club Veteran

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    Yep, one of THOSE !!!
    Look at buying a 4yo car.

    Significantly cheaper and the depreciation won’t be as much in £££

    You will still have a great car.
     
  14. markjay

    markjay MB Club Veteran

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    As others said, your buying price will be high, which explains why the depreciation will be high.

    I am guessing that the price new was ca £36K? As a rule of thumb, you can expect a car with a good second hand market to depreciate by 50% after 3 years.
     
  15. 190

    190 Hardcore MB Enthusiast

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    Which is a good time to buy it.

    The amount of depreciation being suggested above is eye watering by my standards. Buying when a car has already lost half it's value saves a huge amount with thousands to spare for any repairs that might be needed.
     
    SL500AMG likes this.

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