Mercedes depreciation

[del320]

When you drive off the forecourt, the price drops immediately to the value of the difference between the price the dealer sells cars and the price they buy cars, if this makes sense.

Try buying Euro or US Dollars at the money changers and then sell them back immediately - see what happens...

Huh? Don't think you've got that right.
Buys @ £10k, sells at £15k so car is worth £5k - that doesn't make sense - tho' I think I know wot you mean...

Only one "p" in drop!

 

[uumode]

When the first SLK came out you could sell it after a year, and virtually get all your money back for a whole year's use of the car for 'free'

 

[uumode]

I think you need to change your cars more often.

Yeah, I get attached to them

Apart from minimalising depreciation,
if it is reliable and rattle free, I tend not to like introducing opportunities where I might move away from this favourable state.

 

[Bellow]

With depreciation like that your as well buying a 3 year old Mercedes in as good as new condition with very low mileage for less than half price.

20 years ago I was told 'it wasn't worth buying a used MB as they were so expensive you would be as well buy new'. What a turnaround.

 

[developer]

Oh F*** It ??

Exactly - that and a bit of man maths and I'm behind the wheel .

 

[BIRMA]

I always try to buy my cars at the three to four years old from new period.
So far I have bought my last Boxster for £23K with less than 26K miles which cost £56K new which I kept for about 2 and a bit years and sold for £23K.
Did the same with the SL bought it for £37K with only 29K on the clock only thing is I like this car so much I may well keep it.
The point is that if you are a bit shrewd you can buy an immaculate car for less than half price with very little use and possibly the balance of the manufacturers warranty in place.
In conclusion you can probably buy two cars for the price of one and loose very little money in the overall deal, it's worked for me so far.

 

[markjay]

Huh? Don't think you've got that right.
Buys @ £10k, sells at £15k so car is worth £5k - that doesn't make sense - tho' I think I know wot you mean...

Only one "p" in drop!

Yes, typing on the mobile... should read '..by the value...'

 

[uumode]

I always try to buy my cars at the three to four years old from new period.
So far I have bought my last Boxster for £23K with less than 26K miles which cost £56K new which I kept for about 2 and a bit years and sold for £23K.
Did the same with the SL bought it for £37K with only 29K on the clock only thing is I like this car so much I may well keep it.
The point is that if you are a bit shrewd you can buy an immaculate car for less than half price with very little use and possibly the balance of the manufacturers warranty in place.
In conclusion you can probably buy two cars for the price of one and loose very little money in the overall deal, it's worked for me so far.

You're hovering optimally in the 'sweet spot' - buy for £23k sell for £23k, that is shrewd!

Maybe you should sell the SL before you become attached to it too much, as I do with my cars.

 

[BIRMA]

You're hovering optimally in the 'sweet spot' - buy for £23k sell for £23k, that is shrewd!

Maybe you should sell the SL before you become attached to it too much, as I do with my cars.

As someone who normally moves a car on after a year the Boxster lasted longer than any other car to date, but I think the SL really does tick every box I want in a car despite 13 MPG there is always a smile on my face when I go out for a blast so there is every chance this one will stay around an awful lot longer.
Also fully specced PP cars seem to be fairly thin on the ground so I may even be able to keep the car for quite some time before I'm in negative territory.
Of course my theory may be blown out of the water in the unlikely event of petrol being £3 a litre.

 

[uumode]

As someone who normally moves a car on after a year the Boxster lasted longer than any other car to date, but I think the SL really does tick every box I want in a car despite 13 MPG there is always a smile on my face when I go out for a blast so there is every chance this one will stay around an awful lot longer.
Also fully specced PP cars seem to be fairly thin on the ground so I may even be able to keep the car for quite some time before I'm in negative territory.
Of course my theory may be blown out of the water in the unlikely event of petrol being £3 a litre.

SL is a nice car

 

[Scooby_Doo]

Most of the cars I've bought over the past thirty years have been fresh out of the box apart from an SLK200 manual bought 6 months old back in 2001, kept it for 18 months and only lost about £2000. I'm generally an OFI person and No2 main consideration after how much I like a car is always depreciation. There's not much you can do about it except be aware what it's likely to be when you finally decide to sell, any car magazine /site will at least give you a good idea beforehand. If you're suddenly shocked what the depreciation is on any car you've bought then you didn't do your homework before buying it.

 

[BIRMA]

There is a lot to be said for buying a car new and keeping it, on a completely different scenario I always buy my vans brand new and run them for ten years then sell them. First of all I've eliminated the *nob factor of someone starting it up cold and not being sensible or having any mechanical sympathy, it's worked to date as every van apart from a *rap Transit.
I have a friend who has lost more money than I care to disclose buying new cars and deciding after a few months he wants something else, why pay all that VAT?

 

[uumode]

Most of the cars I've bought over the past thirty years have been fresh out of the box apart from an SLK200 manual bought 6 months old back in 2001, kept it for 18 months and only lost about £2000. I'm generally an OFI person and No2 main consideration after how much I like a car is always depreciation. There's not much you can do about it except be aware what it's likely to be when you finally decide to sell, any car magazine /site will at least give you a good idea beforehand. If you're suddenly shocked what the depreciation is on any car you've bought then you didn't do your homework before buying it.

It's a bit like having kids. If you do the maths, it doesn't make any financial sense whatsoever - it's a money pit. It the emotive value.

 

[Peter103]

Buy a brand new E350 coupe from Orange Wheels, collect from a main MB dealer with all normal warranties, 12 months tax etc. £8500 under list price. Or buy ex demo 6months old under 5000 MLS from Mercedes dealership and save about £6,500 . Simples. In the late nineties I bought a 3series 2.8 BMW coupe from a German dealers to my spec, and collected it from German dealers saving £6,500 on British price,though I don't know if that's still possible.

 

[developer]

If you're suddenly shocked what the depreciation is on any car you've bought then you didn't do your homework before buying it.

This ^^^

 

[Rory]

I have a friend who has lost more money than I care to disclose buying new cars and deciding after a few months he wants something else, why pay all that VAT?

He doesn't pay much VAT - he gets most of it back when he sells the car.

 

[Brian 1]

I would never buy a new car, my CLS 250 bla bla bla is 2013 with 20k on the clock, only owned by Mercedes-Benz, and was 22k instead of 46k and looks like new, plus 2 years free services

 

[John Jones Jr]

Depreciation

God bless it. And bless those that buy new. Amen.

 

[BIRMA]

He doesn't pay much VAT - he gets most of it back when he sells the car.

My understanding of the situation is that the moment you drive a new car out of the showroom you loose the VAT content in the car price at the very least.

 

[PhilLinda]

Was recently offered a brand new E350 Estate Night Edition premium for £10k off list price but instead bought a 3 yr old E350 sport for a further £15k saving (£25k off original list price) and get just as much enjoyment from driving it as I would from a new car with the added pleasure of knowing how much I saved.


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