CL65 depreciation: Where will it slow down?

[GarciaE55]

I am possibly pulling the trigger on a 2005 CL65 with relatively low miles (20k) in the high $50s.

However, I keep having second thoughts that the car will continue to depreciate rapidly. But how much more can this car go? It has already depreciated almost $130k in less than 4 years. Pretty soon people will pay you to take their 65's away.

But in all seriousness, where will these cars' depreciation finally slow down?

Thanks

[BlownV8]

I don't think there is a stopping point anytime soon. The repair expenses scare most buyers out of the market. The only thing keeping them propped up now is a warranty.

[retardedmunk]

They are not recognized by too many people as any different then a CL class with AMG package.......so that reflects the demand .........some have already gone through the auctions for high $30's ....a 2006 with 15k miles just sold a few weeks back for $47k....nothing wrong with it...

[bigben320e]

It won't stop. Depreciation is not your biggest enemy. The market is flooded with cars, especially high end cars. You can get almost nutbrain prices on cars, don't accept anything less. IMO.

[Blk04cobra1]

I look at it this way, if you want the car, then get it. Any car you purchase is going to depreciate (we all know this). If you have the disposable income to buy it now, then buy it and enjoy it. Don't have buyer's remorse and look back on it, it will only keep you from enjoying your new vehicle. Good luck with the purchase, sounds like a pretty good deal.

[sound 8]

Originally Posted by GarciaE55

I am possibly pulling the trigger on a 2005 CL65 with relatively low miles (20k) in the high $50s.

However, I keep having second thoughts that the car will continue to depreciate rapidly. But how much more can this car go? It has already depreciated almost $130k in less than 4 years. Pretty soon people will pay you to take their 65's away.

But in all seriousness, where will these cars' depreciation finally slow down?

Thanks

I bought my CL65 for 67grand in March, there are a couple for sale at the moment going for under 50grand, so a CL65 is not an ivestment like I thought it might be, but look at it this way.
So you got 50k in the bank. Can you see it, can you drive it, can you look at it,Nooooooooooo. All you can do is say " I got 50k in the bank" now if you spend it on a CL65 ,you can drive it, look at it, polish it what ever turns you on. Money.......is for spending, aint no good for anything else, you may be dead tomorrow then all that happens is someone else will get it. Go on
BUY IT!!

[Shake]

The CL depreciation is not going to slow down anytime soon.

[bigben320e]

Originally Posted by Shake

The CL depreciation is not going to slow down anytime soon.

The Mercedes depreciation is not going to slow down anytime soon.

Fixed that for ya!

[JosephLINY-E55]

I would buy it at the right price for you and only you can determine how much you are willing to spend... I purchased a use 05 E55 with ultra low miles on it 6 months ago and have seen prices continue to decline about $1,000 per month or more. I thought I was safe as E55's have a cult like following and I am a Kool aid drinker from that faucet... My great deal is no longer a great deal but I LOVE THE BEAST!!! Already looking into various mods and purchased little things like Renntech CT Airbox, Eurotech CF Front Chin and AMG 80mm TB... What ever you buy just enjoy it. I plan on keeping it for a long time and possibly adding another AMG to the garage at some point ( for my wife wink wink )... CL65, SL55, SL65 or CLK63 Cab when prices are low enough for me to afford to put onto my HE loan... Best regards, Joseph

[sound 8]

Every thing big and expensive is going to drop like a stone, if you think that
a CL65 3 years old has lost as much as possible, like all prestige cars they will
carry on dropping, perhaps in smaller ammounts but you don't buy it for an investment, you just have to bite the bullet. Never mind when you put your foot
down it will bring a smile to your face even though it's loosing dosh.

[9moon]

supp fellas... can anyone tell me how much are the fee for each of the SERVICES??

thanx guys!!

[phonetics]

Originally Posted by sound 8

I bought my CL65 for 67grand in March, there are a couple for sale at the moment going for under 50grand, so a CL65 is not an ivestment like I thought it might be, but look at it this way.
So you got 50k in the bank. Can you see it, can you drive it, can you look at it,Nooooooooooo. All you can do is say " I got 50k in the bank" now if you spend it on a CL65 ,you can drive it, look at it, polish it what ever turns you on. Money.......is for spending, aint no good for anything else, you may be dead tomorrow then all that happens is someone else will get it. Go on
BUY IT!!

with your logic... i should go use up all the cash on cars then...

[sound 8]

Originally Posted by phonetics

with your logic... i should go use up all the cash on cars then...

Why not, as long as you earn enough to pay your monthly bills,all extra should
be spent on cars, all mine does, I have no savings but 4 Mercs.
What's the point of having excess money, money is for spending!!!

[derrick_lui]

Originally Posted by sound 8

What's the point of having excess money, money is for spending!!!

Or to reinvest and make a bigger return...

but your money, your choice...

[sound 8]

Originally Posted by derrick_lui

Or to reinvest and make a bigger return...

but your money, your choice...

To invest means you will have more money to look at!!
If it doesn't hurt someone else or yourself then money is for spending.
Your only here once, I know a lot of rich dead people.
What would you rather have, 30k in the bank and a beaten up old hatchback
on the drive, or nothing in the bank but a gleaming AMG on the drive.

[Oliverk]

Originally Posted by sound 8

To invest means you will have more money to look at!!
If it doesn't hurt someone else or yourself then money is for spending.
Your only here once, I know a lot of rich dead people.
What would you rather have, 30k in the bank and a beaten up old hatchback
on the drive, or nothing in the bank but a gleaming AMG on the drive.

easy, $25k and an older mercedes.

[moparrbust]

THere's a 2005 CL65 on autotrader with 16,000 miles going for $38,900.00!!!!


http://www.autotrader.com/fyc/vdp.js...e=&cardist=887

[GarciaE55]

Originally Posted by moparrbust

THere's a 2005 CL65 on autotrader with 16,000 miles going for $38,900.00!!!!


http://www.autotrader.com/fyc/vdp.js...e=&cardist=887

I'm sure that one is a scam.

There are 2 identical ads; one in Washington and another in the Midwest somewhere. I did not bother calling when I saw it.

I would have been all over it if it were legit.

[wawy]

"If it doesn't hurt someone else or yourself then money is for spending.
Your only here once, I know a lot of rich dead people.
What would you rather have, 30k in the bank and a beaten up old hatchback
on the drive, or nothing in the bank but a gleaming AMG on the drive".

............................I like that!

[Fantasm]

the only reason to keep money in the bank, is just in case that monthly paycheck suddenly dissapears

[GarciaE55]

Originally Posted by Fantasm

the only reason to keep money in the bank, is just in case that monthly paycheck suddenly dissapears

That is a great reason. It's always wise to prepare for those rainy days.

[bigben320e]

I have to agree on that, these days about 6 months of expenses are needed on hand. I would strongly advise it.

[Pronto]

Originally Posted by GarciaE55

I'm sure that one is a scam.

There are 2 identical ads; one in Washington and another in the Midwest somewhere. I did not bother calling when I saw it.

I would have been all over it if it were legit.

Its on in Canada too in Craigslist

[sound 8]

People keep saying saving for a rainy day,

but every day is a rainy day if you don't have an AMG, think on it,

You'll agree.

[Pronto]

An AMG will get you through times of no money, better than money will get you through times of no AMG

[c32AMG-DTM]

FWIW, if you're spending high $50's, you should at least consider a 996TT in addition to the CL65. Both are amazing cars; the P car probably won't depreciate as quickly as the AMG, if that's a factor in your decision.

[sound 8]

Using money to buy cars or travel or whatever turns you on is what it is
for. It rich ens your life and experiences. Imagine never buying anything
but just watching it grow in the bank, and then you get sick and old.
Then you regret not spending your surplus, and you end up letting someone else do what you should have done. As I say pay your bills first, spend the rest, if your worried about your monthly cheque, it may stop next month, it
might go on forever, life has little risks, but they bring reward.
With the state the banks are in I'd rather sink my money in a car.

[gaazmon]

Originally Posted by c32AMG-DTM

FWIW, if you're spending high $50's, you should at least consider a 996TT in addition to the CL65. Both are amazing cars; the P car probably won't depreciate as quickly as the AMG, if that's a factor in your decision.

Actually, from what I can tell, the Porsche's and CL's are the same way. The Turbo's and CL65's depreciate more relatively speaking to their entry level counterparts, base 911 and CL500. IMO it's because there is more room to lose value that's why. Also, I think it does go back to the distinguisability. Honestly, 7/10 people can't tell the difference between a CL500 with AMG package and a CL65 (minus the exhaust and gunmetal rims, which both are easy to replicate). More of a reason not to buy a CL600, if you compare CL500 to CL600 looks wise, CL55 is a better deal in this case.

Interesting thing happened once and last night. My sister has a white C230 sport and my dad has a CL500 (non-AMG package). I was with some friends and my friend's girlfriend said "oh isn't that your sisters car?" Even another one of my friend's thought the same thing. I couldn't believe. Jeez, I'm glad I went with Granite Grey instead of white.

Another reason for the depreciations are because of the lower end models such as C-class and Boxster. Before these were around, the cars held value better because again, the spectrum was smaller.

[ieb]

The thought is that the high perforance variant will be subject to greater abuse and likewise that will be reflected in greater depreciation. This is a constant that results in even greater loss if the car is modified.