grober
MB Master
If you buy them new yes- but bought after the initial depreciation hit I would have thought there would always be a market in the longer term? I thought we were talking older second hand cars here?
Lowest Depreciation Cars ???
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If you buy them new yes- but bought after the initial depreciation hit I would have thought there would always be a market in the longer term? I thought we were talking older second hand cars here?
tpwuk
MB Enthusiast
^Yeah sorry, I was talking about new ones. 2nd hand Mercs do seem to bottom out and then settle. I don't think a £25K CLS has hit the bottom yet though.
I bought my CLK55 at about 10 years old for about 1/10 of the original price. Hopefully it'll not lose much over the next few years. I only paid what a brand new Mondeo loses in depreciation in it's first year...If you buy them new yes- but bought after the initial depreciation hit I would have thought there would always be a market in the longer term? I thought we were talking older second hand cars here?
why do people care so much about depreciation? I can understand people who change cars every year or so may not want to lose much but still a car is a depreciating asset and whatever the depreciation is, it should be viewed as the cost of motoring for the period it is used for. Life is for the living. Its just like people who spend £40k on a car and moan about £300 road tax. If you are keeping a £25k CLS for 6 years, that is approximately £4k per year. Can you not spend £4k on yourself a year? If you can afford it now, why worry about the value of the car in 6 years? I am not rich or anything and I keep my cars for very long. I have had my Pug 307 for 5 years and plan to keep the W212 for 7 or longer. When I buy a car I do not plan to get anything back from it. For me, spending money on a car is just like spending money on a holiday. When I go on a holiday, I do not engage in business while away to make back the money spent on my holiday. it is the same with a car. If I buy a car that looks good and makes me feel good, why should I expect to get the same amount I spent back, again a car is a depreciating asset. If you care so much about depreciation, your best bet is to get a very nice bicycle. that way you,ll lose next to nothing.
tpwuk
MB Enthusiast
^Good points. Most Alfa owners think this way also! 
It's because depreciation is probably the biggest cost of motoring in the UK. Fair enough some people can afford to spend tens of thousands of £s on a car and watch it lose £££s or ££££s every month, but most people can't. If you buy wisely and don't waste fortunes in depreciation you will have more cash for other things (like holidays) or towards bigger/better cars in the future.
It's quite amazing just how much money some cars lose in relatively short spaces of time. Anyone remember cars like the £150k CL65, worth what these days - £30k? Buy two cars like those over say 10 years and you've lost a quarter of a million quid before considering running costs
A fairly extreme example I grant you, but ouch nonetheless!
Long gone are the days when 5-10 year old Mercs were worth a good chunk of their original price
Will
It's quite amazing just how much money some cars lose in relatively short spaces of time. Anyone remember cars like the £150k CL65, worth what these days - £30k? Buy two cars like those over say 10 years and you've lost a quarter of a million quid before considering running costs
A fairly extreme example I grant you, but ouch nonetheless!
Long gone are the days when 5-10 year old Mercs were worth a good chunk of their original price
Will
Sp!ke
Administrator
If you look at the SL class, specifically the 5.0L ones and you'll see that their values are pretty static.
£10k will get you a good clean example of one from the 70's 80's or 90's so for a 30 year span the prices remain just about constant.
£10k will get you a good clean example of one from the 70's 80's or 90's so for a 30 year span the prices remain just about constant.
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My W220 i bought new in 2002 and sold it in 2008. It was £75,000 new and i sold it foe £13,0000 with 85,000 miles with lots of options + a full MBSH which = £10,000 a year depreciation.
Rovinghawk
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AnilS
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Value Motering
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I take note of all the posts, tks, a few points of interest.
1. When I was younger, I used to buy/own/drive/sell may be 7 cars in every two years or so as an average, prob did this for about 6 or 7 years, then got a bit older, more work, family etc etc and my interest in car slipped away a bit, it seamed fairly easy in those days to loose little money on the cars I owned, infact I may of been lucky and made a small profit overall, always cash buyer, always picked up cars people wanted out of, I was happy to buy/drive/learn/enjoy many many various types of cars.
2. I think reason I'm on the fence about the CLS Facelift is because it's still on a steep slope on the value front, if I was to sell in 2 years, overall loss would be big, however keeping for 5/6 years loss appears smaller and value appears higher, if I was to keep CLS for 7/9 years I think it would be the prob the best 25K I have spent on a car.
3. Going on the last 10/15 years, I keep cars prob 5/6 years on average, so it does look like CLS fits the bill ok.
4. My Mate !!! is bringing me out for lunch tomorrow, he says we may pop in a few car sale places along our travels.
Ref my quote about "Boxter" I know little about them, I thought they were a 911 until told otherwise, but they appear a very good value car from watt I know now, the 911 is classic I guess and I like the look of them in the correct spec/colour, however I think that cayman is a very pretty looking car, the nose and tail look just right.
Cheers for now....
1. When I was younger, I used to buy/own/drive/sell may be 7 cars in every two years or so as an average, prob did this for about 6 or 7 years, then got a bit older, more work, family etc etc and my interest in car slipped away a bit, it seamed fairly easy in those days to loose little money on the cars I owned, infact I may of been lucky and made a small profit overall, always cash buyer, always picked up cars people wanted out of, I was happy to buy/drive/learn/enjoy many many various types of cars.
2. I think reason I'm on the fence about the CLS Facelift is because it's still on a steep slope on the value front, if I was to sell in 2 years, overall loss would be big, however keeping for 5/6 years loss appears smaller and value appears higher, if I was to keep CLS for 7/9 years I think it would be the prob the best 25K I have spent on a car.
3. Going on the last 10/15 years, I keep cars prob 5/6 years on average, so it does look like CLS fits the bill ok.
4. My Mate !!! is bringing me out for lunch tomorrow, he says we may pop in a few car sale places along our travels.
Ref my quote about "Boxter" I know little about them, I thought they were a 911 until told otherwise, but they appear a very good value car from watt I know now, the 911 is classic I guess and I like the look of them in the correct spec/colour, however I think that cayman is a very pretty looking car, the nose and tail look just right.
Cheers for now....
DITTRICH
MB Enthusiast
As long as you have a reasonable idea of the insurance costs, tyres, discs and pads, servicing and a provision for unexpected problems then I am sure you will be happy with a CLS. They always seemed a little cramped in the front as the console wraps around the seats compared to other late 90's mercedes. Your cash outgoings will increase though compared to the golf - and - so long as you are happy with this then by all means. As for value for money, I used to check prices every week on the internet and plot prices vs mileage. This way I gained a good view of what prices were being asked and what effect mileage had on sellers' expectations.
Les
Les
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http://cars.uk.msn.com/features/photos.aspx?cp-documentid=156354820
No real surprises I think.
Just need to understand the diff between £££'s and %%% I think.
Those "Maybacks" say a lot about how deep your pockers are !!!!!!!!!!!
No real surprises I think.
Just need to understand the diff between £££'s and %%% I think.
Those "Maybacks" say a lot about how deep your pockers are !!!!!!!!!!!
