Where the money gone?

[Dragon]

High depreciation cost as Merc owner.

I lost £20,000 for owning a W202 since 1997
£10,000 for W170 for just 4 years
£3,000 gone for W211 since Feb this year.

Wonder who got all my money?

 

[gbjeppm]

Mercedes Benz the manufacturer and the dealer are the normal recipients of cash for a new vehicle.

If its second hand the owner of the vehicle who you purchased it from.

 

[Dragon]

Mercedes Benz the manufacturer and the dealer are the normal recipients of cash for a new vehicle.

If its second hand the owner of the vehicle who you purchased it from.

But have you wondered, money goes round in the chain?

 

[Dieselman]

The money hasn't gone anywhere until you sell it.
You bought metal at one price and will sell at another, that's trade, but mercedes and the supply chain made a load of money out of you at the front end, which you can't recover, but their workers will spend money maybe in your line of business so the chain goes on.

 

[Dragon]

The money hasn't gone anywhere until you sell it.
You bought metal at one price and will sell at another, that's trade, but mercedes and the supply chain made a load of money out of you at the front end, which you can't recover, but their workers will spend money maybe in your line of business so the chain goes on.

I also blamed the government.

 

[wemorgan]

I've read that the richest 2% of adults own half the world's wealth, whilst the poorest half only own 1% of the wealth.

 

[Robbie T]

£30000 on a W210, that's a lot

 

[W210 Fan]

£30000 on a W210, that's a lot

I assume thats a typo, I dont think there are any W210s worth 30k, unless its an EV12

Dragon - what W210 do you have and do you cover galactic mileage to loose that much money, or did you buy high and sell low? even E55`s have not lost that much money in this time,

 

[mercmanuk]

compared to some guys on here £20k over 10 yrs is nothing

 

[hawk20]

The money hasn't gone anywhere until you sell it.
You bought metal at one price and will sell at another, that's trade, but mercedes and the supply chain made a load of money out of you at the front end, which you can't recover, but their workers will spend money maybe in your line of business so the chain goes on.

Car makers do not make 'loads of money'. In fact, apart from Porsche the profit on making cars is pretty small and in many cases negative.

Nobody gets the money from the alarming rates of depreciation on modern cars. Depreciation is really value destroyed. Gone in a puff of smoke. Just like shares falling in value or even houses nowadays.

BTW the money has gone even if you don't sell the car, in the sense that your assets have declined in value, and your net worth has gone down.

 

[hawk20]

I've read that the richest 2% of adults own half the world's wealth, whilst the poorest half only own 1% of the wealth.

Which happens because very few of us choose to save to accumulate wealth. We prefer to spend. Thank goodness some do save and accumulate as that is the engine of economic growth.

 

[W210 Fan]

compared to some guys on here £20k over 10 yrs is nothing

is it not this greed fueling recessions? I need a big car that will loose money because the Jones next door have it, damn all my money has gone, will have to limit the spending for a bit, consumer confidence goes down, lots of people do this, ergo recession???

or is this a really simplistic view?

 

[DITTRICH]

The depreciation suffered by my W202 over 9.25 years is around £30k new - £3k now = £27k. However only 7.75 years and £16,000 is down to me. So as long as I don't spend more than £2k per year keeping it on the road I'm happy.
Les

 

[Dragon]

For the E-class it a typo, it should be £3,000, I got glassy eyes after how much I lost.

If I keep the W202 for another 5 years, it will be in positive equity!

It can't depreciate any further, unless I spent tons on spare parts.

 

[Dieselman]

For the E-class it a typo, it should be £3,000,

So was the W210 bit, it's a W211.