Nice profit in 6 months! [ AMG cars ]

[Sam87]

I'm always looking at the car market and seeing what's for sale.
I was looking at this black series CLK63AMG which sold a few days ago.

On the 26/06/2023, the car sold for £90,000 plus fees

Exactly 6 months later, the same car with 853 miles more, sold for £121,000 plus fees! That's a nice amount of money [£31k ] to make in 6 months, especially when you consider how the car market is at the moment!

This SL65AMG is an old advert now but I still can't believe how it sold for £42750 plus fees and one year later, the same car sold for £90500 plus fees! Some cars do appreciate in value and most of us that have AMG's or other performance cars do like the idea of selling our cars for more money if we could but if any of my cars went up in value by nearly £50k in one year, all I would do is buy a few cars and sell them after a year

Black series CLK63 AMG

£90K https://collectingcars.com/for-sale/2008-mercedes-benz-clk-63-amg-black-series-3

£121K 2008 Mercedes-Benz CLK 63 AMG Black Series - 13,925 miles for sale by auction in London, United Kingdom

SL65AMG

£42750 2005 MERCEDES-BENZ (R230) SL65 AMG - 21,356 MILES for sale by auction in Cheshire, United Kingdom

£90500 2005 MERCEDES-BENZ (R230) SL65 AMG - 22,301 MILES for sale by auction in Thatcham, Berkshire, United Kingdom

 

[ALFAitalia]

Only specialist/collectable cars can do that in the current market......most cars, especially thirsty and £695 VED cars are in free fall.

Car (and caravan ....my business) prices have taken a right good kicking in this months Glasses.....not before time....book prices have been way too high for about a year IMO.

 

[Bobby Dazzler]

Both were cheap first time, presumably because there weren’t two people in the room who really wanted them. The second time there were two people in the room.

Both have a poor service history which I would struggle to look past. It never ceases to amaze me how people with very expensive cars simply don’t service them.

 

[Sam87]

Only specialist/collectable cars can do that in the current market......most cars, especially thirsty and £695 VED cars are in free fall.

Car (and caravan ....my business) prices have taken a right good kicking in this months Glasses.....not before time....book prices have been way too high for about a year IMO.

Yeah you’re right, collectible cars will always sell for strong money no matter how the market is

Both were cheap first time, presumably because there weren’t two people in the room who really wanted them. The second time there were two people in the room.

I think you’ve just explain exactly what I had in my head but I couldn't find the words

Cars with such low miles do tend to have missing services. I guess because they just get parked up for years without getting used

 

[MikeInWimbledon]

Both were cheap first time, presumably because there weren’t two people in the room who really wanted them. The second time there were two people in the room.

Both have a poor service history which I would struggle to look past. It never ceases to amaze me how people with very expensive cars simply don’t service them.

Amen.

In addition, these aren’t normal AMG cars. Both are exceptionally rare ultra short production run models, with absurd low mileages of less than a thousand a year.

There’s nothing in these deals to encourage owners of normal SL63’s in normal driven condition, with “normal” 100k mileages (ie. 5k a year over these 20 years.)

As “Young Robert” hints: better cars are the ones driven and serviced, rather than left parked. (And the more usable car on real world roads is realistically a facelift SL500)

Vehicles aren’t “investments.” If you’d put “a few bob” into the Magnificent Seven last year, it would have doubled, with barely any fees. How cool was that?

But hey, you can’t take it with you, so why not spend it on older whiskey, younger women, and faster horses?

 

[oldguy57]

The annoying thing is that I offered £40k for that SL65 and it was rejected by the first owner who then went on to sell it for less. How it subsequently achieved £90k I don't know - others with similar mileages have not got anywhere close. It was professionally detailed every week when the first owner had it.

 

[oldguy57]

Both have a poor service history which I would struggle to look past.

Weird when I looked at the docs on the SL65 it had a full MB history. It had a 3 digit plate when I saw it. I wonder if in fact it's a different car, albeit same colour spec and mileage.

 

[MikeInWimbledon]

The annoying thing is that I offered £40k for that SL65 and it was rejected by the first owner who then went on to sell it for less. How it subsequently achieved £90k I don't know - others with similar mileages have not got anywhere close. It was professionally detailed every week when the first owner had it.

Interesting that the first auction was it being sold by its third owner, so the first Auction was the second flip, and then it was flipped again.

 

[MrGreedy]

Money laundering/transfer vehicle (excuse the pun) for 'legitimately' getting cash to the seller? Who knows.

Unless it's someone ultra rich building up their collection of low mileage black cars, at any price, because they will throw that at it again to bring them back into tip top condition?

 

[MikeInWimbledon]

Money laundering/transfer vehicle (excuse the pun) for 'legitimately' getting cash to the seller? Who knows.

Unless it's someone ultra rich building up their collection of low mileage black cars, at any price, because they will throw that at it again to bring them back into tip top condition?

Top tip for money launderers: avoid auction sites

Way too many reporting responsibilities and bank based payment requirements. The days of wandering in with a bag of cash and not even a passport have long gone.

Stock to casinos. Easier way of passing over a bag of chips.

 

[Bobby Dazzler]

On a very niche car it’s more likely to be the ebb and flow of serious buyers than money laundering. The number of collectors who buy and sell cars on a whim at this price point and beyond is surprising.