CL63 AMG- Depreciation??
Discussion
At the moment this car is out of budget for me (currently looking to buy a cls 55 amg/cls 63 amg for up to 30k) but because of the staggerring depreciation of the cl I am considering waiting a year since I do prefer it to the cls and think it's one of the most stunning cars mercedes have made, despite the cabin being nothing too special considering the cost of the car.
The lowest price 2007 cl's are around 48k, which is amazing considering the car cost around 103k as standard and with various options such as night vision assist, reversing camera, tv, keyless go/entry, fridge, upgraded 20" rims and more that most of them seem to have the price can creeps up to 120k.
That's anywhere from 60k-70k depreciation in roughtly 3 years.
What depreciation can be expected for the next year?
Could they drop to around the 36k mark by this time next year? Possibly more, or have they suffered the worst of it now?
If anyone has any insight into this or is also looking to buy when prices drop a bit more I'd be interested to know.
The lowest price 2007 cl's are around 48k, which is amazing considering the car cost around 103k as standard and with various options such as night vision assist, reversing camera, tv, keyless go/entry, fridge, upgraded 20" rims and more that most of them seem to have the price can creeps up to 120k.
That's anywhere from 60k-70k depreciation in roughtly 3 years.
What depreciation can be expected for the next year?
Could they drop to around the 36k mark by this time next year? Possibly more, or have they suffered the worst of it now?
If anyone has any insight into this or is also looking to buy when prices drop a bit more I'd be interested to know.
Edited by Chad_Hugo on Tuesday 15th February 18:09
further drop in value in my opinion and my reasoning is based on the fact that older cl's have always plummeted in value more than any of the other amg models, this could be because there is a very limited market for them amongst other things,
just look at cl55 prices - you can pick an 03 car up now for 13k for example
saying that though, after 3 years the rate of depreciation always reduces for any car and in the cl63's case, I d0n't think they will drop to 36k esp as there are so few about for sale, I think after a year the cheapest ones will be around at least 42k, personally in the same situation I would buy a cls63 which is pretty much the same car but 2 extra doors!
just look at cl55 prices - you can pick an 03 car up now for 13k for example
saying that though, after 3 years the rate of depreciation always reduces for any car and in the cl63's case, I d0n't think they will drop to 36k esp as there are so few about for sale, I think after a year the cheapest ones will be around at least 42k, personally in the same situation I would buy a cls63 which is pretty much the same car but 2 extra doors!
benzito said:
further drop in value in my opinion and my reasoning is based on the fact that older cl's have always plummeted in value more than any of the other amg models, this could be because there is a very limited market for them amongst other things,
just look at cl55 prices - you can pick an 03 car up now for 13k for example
saying that though, after 3 years the rate of depreciation always reduces for any car and in the cl63's case, I d0n't think they will drop to 36k esp as there are so few about for sale, I think after a year the cheapest ones will be around at least 42k, personally in the same situation I would buy a cls63 which is pretty much the same car but 2 extra doors!
Have to take umbrage at the Cl~CLS comparison. Quite different mechanically, infrastructure and the rest. The CLS is a fine car. But isn't a four-door CL. Closer sibling to the W211. It's no variation on the flagship.just look at cl55 prices - you can pick an 03 car up now for 13k for example
saying that though, after 3 years the rate of depreciation always reduces for any car and in the cl63's case, I d0n't think they will drop to 36k esp as there are so few about for sale, I think after a year the cheapest ones will be around at least 42k, personally in the same situation I would buy a cls63 which is pretty much the same car but 2 extra doors!
That's probably what I will end up doing.
Performance, interior, space wise the cl isn't any better, the attraction was that I prefer it's styling, I think it's a more striking and dramatic car. The cls 55/63 are both great but compared to the cl to me they do look a little plain.
But if I'm going to have to pay such a high premium just to get a car that is a little more of a head turner without much other benefit for the extra £ I will probably go for the cls.
I agree that the cl will take less of a hit this year than it has previously, still I am a little surprised you think even a year from now the cheaper examples will be no less than 42k.
Considering that they have lost 20k per year so far to only lose 6k for the next 12 months would surprise me.
The cl is a rare car but having said that there have always been plenty for sale at any one time, new one's being listed regularly too so anyone looking to buy now or later on will have plenty of choice which made me think prices will drop a bit more if cars are not selling quickly enough. One of the cars currently listed at 48k (with high miles though) has been on autotrader on and off for 5+ months now. I think that would sell for 42k now never mind in a year!
Anyone else have anything to add to the discussion..??
Performance, interior, space wise the cl isn't any better, the attraction was that I prefer it's styling, I think it's a more striking and dramatic car. The cls 55/63 are both great but compared to the cl to me they do look a little plain.
But if I'm going to have to pay such a high premium just to get a car that is a little more of a head turner without much other benefit for the extra £ I will probably go for the cls.
I agree that the cl will take less of a hit this year than it has previously, still I am a little surprised you think even a year from now the cheaper examples will be no less than 42k.
Considering that they have lost 20k per year so far to only lose 6k for the next 12 months would surprise me.
The cl is a rare car but having said that there have always been plenty for sale at any one time, new one's being listed regularly too so anyone looking to buy now or later on will have plenty of choice which made me think prices will drop a bit more if cars are not selling quickly enough. One of the cars currently listed at 48k (with high miles though) has been on autotrader on and off for 5+ months now. I think that would sell for 42k now never mind in a year!
Anyone else have anything to add to the discussion..??
Edited by Chad_Hugo on Tuesday 15th February 23:31
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