I was renewing my insurance on my 2008 CLS 63 and the agent said the current book value (trade I guess) was just north of £12k, Shocking... It is 7 years old has 48k on the clock and looks like new. Its has most options fitted and the original price was £83k so that is £10k a year or £1.45 a mile depreciation. I was considering trading in for a DB9, but at that price I think it makes it a keeper!
automaniaman
MB Enthusiast
Sad but true, I'm afraid...
c_200k
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Yup I sold my old E63 last year and trade were offering 10k for it, luckily I got £15k as a part ex and a cracking deal on the new car so don't take teh value as final.
Work out what you want to pay as a cost to change and go from there.
Start low and don't be desperate, It's a buyers market out there right now metals not moving.
Work out what you want to pay as a cost to change and go from there.
Start low and don't be desperate, It's a buyers market out there right now metals not moving.
I reckon you could get around £14k, CLS55's still go for around £12ish depending on condition of course.
Yes thanks for that. I think I could get quite a bit more as a private sale, maybe closer to £18k but to be honest, it is such a great car so I will probably just end up keeping it. If I buy a two seater, its always good to have four seats available.
Yes maybe I am being a bit optimistic at £18k. had a quick look on Pistonheads and they range from about £12k to £24K but the lower end are are 2006 models versus my 2008 and have a lot higher mileage. As I said, at those sorts of values it is a hell of a lot of car for not very much money. I know the car history, have always had it serviced by MB, it is pretty much unmarked, so best jst to keep it and enjoy that 6.2 NA engine. Last of breed!
c_200k
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Private buyers weren't any better though
They were offering 11-12k when I had it up for £18k
They were offering 11-12k when I had it up for £18k
SamW
Active Member
Not sure I totally agree with this, its all in the papers that new car sales are up year on year... dealers are as keen as ever to make something work tho, purely because manufacturers are becoming more and more demanding...
Good luck and stick with it in my book, its done its nuts so just look at it as cheap motoring here on in - as the rate of depreciation will now slow hugely.
c_200k
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Maybe new cars are moving not used stock sitting there.
I've been looking for an E63 for the last 2-3 months and instead of do a deal when I enquire they tell me they can reduce it by £500 and give me less than book on my part ex. This is on cars they have had for a couple of months.
2 weeks later and it's already £1000 cheaper screen price.
In the end I held out and got a good deal.
Some of the cars I was looking at are still for sale thats been nearly 4 months they have been up for.
I've been looking for an E63 for the last 2-3 months and instead of do a deal when I enquire they tell me they can reduce it by £500 and give me less than book on my part ex. This is on cars they have had for a couple of months.
2 weeks later and it's already £1000 cheaper screen price.
In the end I held out and got a good deal.
Some of the cars I was looking at are still for sale thats been nearly 4 months they have been up for.
Liquid silver
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I was in a well respected used car showroom yesterday and saw a 2008 S500L in silver with only 13k miles for 25k. It looked like new with video in the rear silver with black. What a car for the price of a Mondeo.
I have a 2006 S500 bought new with just 24k and 20k of extras FMBSH, dealers are offering below 15k. Think I will keep it.
Paul
I have a 2006 S500 bought new with just 24k and 20k of extras FMBSH, dealers are offering below 15k. Think I will keep it.
Paul
What year was it, what sort of mileage at the time?
c_200k
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2007 72k Full Merc History
F1BHP
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The crazy thing is, I have owned 4 new Ferrari's over the past 6 years and 10k a year is the same depreciation. Also no service costs as that is included for 4 years.
My SL600 would have cost me far more over the 6 years if I had purchased it new. I paid 40k for a 2010 SL600 with just 6k miles last year. This was a 125k car that was 4 years old. That is £21,250 a year in depreciation or £3.50 a mile with servicing on top.
It is no surprise that Ferrari has 2 year waiting lists on the V8 models.
My SL600 would have cost me far more over the 6 years if I had purchased it new. I paid 40k for a 2010 SL600 with just 6k miles last year. This was a 125k car that was 4 years old. That is £21,250 a year in depreciation or £3.50 a mile with servicing on top.
It is no surprise that Ferrari has 2 year waiting lists on the V8 models.
b1g1an
MB Enthusiast
It's the cheap new car leases that have killed the used market and it will only get worse until the residuals on the new ones start reflecting the real values. The new market will then fall on it's **** and the whole thing will start again.
The _Don
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Car depreciation sucks I paid just north of £100k in October 2012 and had a trader offer me £98k last week
D
Deleted member 37751
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'Book' price on it is circa £14,500, so I'd hazard a guess that even WBAC would offer you circa £14k. Retail would be in the late teens, possibly £18k would be achievable.
And I wouldn't worry too much about some of the armchair experts valuations, good cars with low mileage and good provenance will always sell and yours sounds good.
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What car?
c_200k
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C63 black?
paulshep69
Active Member
I'd be surprised at that as this one's been for sale for months at this price, and with the added provenance of a premiership footballer owner too.
Mercedes-Benz C Class C63 AMG Black Series PETROL AUTOMATIC 2012/12 | eBay
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