W211 E55 - Predicting Value over the next few years

[alabbasi]

It's going to do what every other car does over 20 years which is go down in value until the prices bottom out at around 2000GBP. The worse ones will turn into parts cars and be dismantled or scrapped and the better ones will eventually go up in value.

This topic came up a couple of years ago where I said the same thing and owners of these cars lost their mind. Nothing has changed, it's still a car, it will go through a succession of owners that can't afford to maintain them and before too long, there will be plenty of sh*t boxes for sale in the local classifieds for the sub 2000GBP range which will drive down the value of other cars because people looking at the add would not be able to understand why there are 4 E55's for 2k and less and then the odd one or two offered at 7k

 

[MikeInWimbledon]

"Classics" at 20 years old aren't the cars that you were driving at 10 years ago. The ones that survive have had modest mileages and mild or absentee owners.

They're not the ones that were parked out on the street ten years ago, with 100k on the clock, and owners who begrudged spending a couple of grand on an annual service, let alone a few grand on a total body respray.

 

[E55BOF]

I have difficulty believing you will ever be able to buy a running E55K for £2000 or less, I'm afraid.

 

[pmcgsmurf]

I have difficulty believing you will ever be able to buy a running E55K for £2000 or less, I'm afraid.

I'll have 5 please.

 

[AMGeed]

I have difficulty believing you will ever be able to buy a running E55K for £2000 or less, I'm afraid.

+1.
You'll get more for a scrap W211 E55 if the engine/transmission are OK
I don't see a decent 130k mile+ W211 E55 dropping below £5 - £6k within 5 years such is the demand for well looked after albeit higher mile examples.
I believe it will take a huge hike in road fund licences and /or big rises in fuel prices to see a big drop in any of the 55k engined cars.

 

[John]

Yeah - I can't see them hitting £2k either.

I remember someone on here (forget who now) predicting they'd be £2k within 4 years.

That was probably 4 years ago now... so we are 8 years on and not a lot has changed.

They will always have an intrinsic value but I doubt it will ever be much beyond what they are now, if at all.

 

[AMGeed]

I lost £50 after owning my E55 for 6.5 years on the buying then selling price.
If only all models were this good at depreciation.

 

[Bobby Dazzler]

I lost £50 after owning my E55 for 6.5 years on the buying then selling price.
If only all models were this good at depreciation.

A lot of cars have depreciated £50 since I finished my dinner, so that’s excellent. Now what’s for desert...

 

[E55BOF]

The Sahara.

 

[Petrol Pete]

The Kalahari

 

[pmcgsmurf]

Gobi stop messing about please

 

[alabbasi]

I just did a quick look up for 2004 E55's at one of the auction sites that I use and I already see 2 that would be in the 2000GBP mark
California cars too so they're likely to have zero rust. Unlike any car that's lived in the UK for any amount of time.

 

[Petrol Pete]

Antarctica

 

[E55BOF]

I just did a quick look up for 2004 E55's at one of the auction sites that I use and I already see 2 that would be in the 2000GBP mark
California cars too so they're likely to have zero rust. Unlike any car that's lived in the UK for any amount of time.

Things certainly are different in the States, aren't they?

 

[alabbasi]

Things certainly are different in the States, aren't they?

Yep, cars hold their value better here in the states.

 

[E55BOF]

E55Ks don't, obviously, unless owners look after high-mileage cars rather less well than they do over here. A scrap E55K with a sound engine and gearbox will fetch over £2K.

 

[E55BOF]

Yeah - I can't see them hitting £2k either. I remember someone on here (forget who now) predicting they'd be £2k within 4 years.

I think that was Alabbasi too. He's a persistent doom-monger regarding E55K prices; perhaps he's talking about scrappers and we're talking about runners, but even so, he's not been right so far.

 

[Will]

I don’t think I’ve ever seen a running E55K sub £5k let alone £2k.

 

[alabbasi]

E55Ks don't, obviously, unless owners look after high-mileage cars rather less well than they do over here. A scrap E55K with a sound engine and gearbox will fetch over £2K.

E55's are no exception. It's a car. A nice car with a good engine but in the UK, fuel is more expensive, parts are more expensive, annual registration is higher, insurance is higher, rust is a bigger problem , loans are harder to get and annual inspections are A LOT more rigorous. So cars depreciate faster.

While I appreciate that the sum of the parts may be worth more than the car. I dismantle cars on the side to feed my hobby and have made money on dismantling cars. There is graft involved and a need for a well equipped shop with plenty of storage space as a car in pieces takes up a lot more space than a car that's complete.

This is not something that people can do on the side of a road in West London with jack stands and the people who can, will pay even less than 2000GBP for a parts car as they need to make money on it.

 

[pmcgsmurf]

I just did a quick look up for 2004 E55's at one of the auction sites that I use and I already see 2 that would be in the 2000GBP mark
California cars too so they're likely to have zero rust. Unlike any car that's lived in the UK for any amount of time.

A link to the cars to see their condition would be better.

If there were running E55 here for £2~5k they would be snapped up quickly.
Even a non runner for £2k would still be an option depending on spec. of the car, useful for spares.

If I could find a £500 running W211 E220 in same colour as my old one I'd buy it for spares.