blue book value??? - Mercedes-Benz Forum

View Poll Results:
0 0%
Voters: 0. You may not vote on this poll

 
LinkBack Thread Tools Display Modes
post #1 of 7 (permalink) Old 08-23-2005, 02:06 PM Thread Starter
BenzWorld Junior Member
 
Date registered: Nov 2004
Posts: 45
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
(Thread Starter)
blue book value???

1999 e 320 Only 35,000 miles. Bought it last year off some little old lady for $20,000.00 Which was the blue book. and now my car is valued at around $14,000.00 What happened????? Is it the gas prices????
mpddadld is offline  
Sponsored Links
Advertisement
 
post #2 of 7 (permalink) Old 08-23-2005, 02:15 PM
BenzWorld Elite
 
dahappybanana's Avatar
 
Date registered: Jun 2005
Vehicle: 1990 300E, 2002 ML500
Location: Boone, NC
Posts: 1,379
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
RE: blue book value???

we call that depresiation
dahappybanana is offline  
post #3 of 7 (permalink) Old 08-23-2005, 03:30 PM
BenzWorld Member
 
Date registered: Jul 2005
Vehicle: 2002 S500
Location: Lancaster, California
Posts: 120
Mentioned: 0 Post(s)
Quoted: 2 Post(s)
RE: blue book value???

welcome to the world of cars.
go buy a brand new one.. drive it off the lot.,
drive it back in and sell it to them.

that's depreciation.
kevinrea is offline  
post #4 of 7 (permalink) Old 08-24-2005, 12:54 PM
BenzWorld Member
 
560DBleu's Avatar
 
Date registered: Jul 2005
Vehicle: 87 560SEL SOLD: 95 SL600, 95/97 S600 coupe
Location: Orlando
Posts: 376
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
RE: blue book value???

You wanna talk depreciation?
I bought a 1997 S600 two years ago for
$35,000. List was $134K when bought.
Where did the 'value' go?
Amazing
560DBleu is offline  
post #5 of 7 (permalink) Old 08-26-2005, 10:36 PM
BenzWorld Member
 
Date registered: Jun 2005
Vehicle: 2005 E320 cdi
Posts: 180
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
RE: blue book value???

I'll give you a little different perspective on this from my experience in the used car business. First you've had a body style change. I don't care what make it is, once the body style changes the old style rapidly depreciates. Next your dealing with a strange time in the automotive market. The finance rate is incredibly low on new vehicles. Of course not all consumers qualify, but many do and they trade their existing vehicles on new ones. In all honesty there is a glut of late model used cars on the market further driving down prices. You also have to consider the fact that you have a high end car with high dollar maintenance. Many people such as yourself like driving a high end car but the average Joe on the street that qualifies for 14k in financing for a used car can by an 03 or o4 domestic for that price with the remainder of a factory warranty. He can have his oil changed at firestone for 9.99, his plugs changed at Pep Boys for 100 bucks and drive it for 150,000 miles before trading it in on another cheapie. It all boils down to true consumer economics. Today it's worth 14k, next year 7k two more years 3500! If you like the car-drive till it's dead. If you don't want to deal with depreciation buy 800 dollar beaters and drive them for a year-you'll still get your money back!
junkman is offline  
post #6 of 7 (permalink) Old 08-27-2005, 06:59 AM
BenzWorld Member
 
Date registered: Aug 2005
Posts: 131
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
RE: blue book value???

I agree about the new car financing being soo incredibly cheap and easily accessible to many.

I look at a used car like this. You get a better car for way less money, so you have to just take your good bargin up front. and enjoy your car. keep it for at least 4 yrs. and then when you sell it, you have the peace of mind that you got a good car that didnt cost you much money.

you will never make money on a car!

although with my SL I am going to try an experiment.

I bought it a yr ago for 16k. I love it and have no intention on selling it anytime soon. But in the back of my mind, my plan is to take really good care of it. and see if in 5 yrs I can sell it for the exact price i paid or maybe a few thousand more..

I think i might be able to pull it off! at least the thought is making me happy!
mattcara is offline  
post #7 of 7 (permalink) Old 08-27-2005, 09:36 AM
BenzWorld Member
 
Pierre Louis's Avatar
 
Date registered: Apr 2005
Vehicle: 2005 E320 CDI
Posts: 92
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
RE: blue book value???

Actually, things haven't changed much, if you take the www.nadaguides.com web site value, which is more accurate than Blue Book, IMO.

Currently, its worth about $16,850 as a trade in and $19,525 retail. Not bad for a 6 year old SUV.

I think its a bargain if you need that kind of vehicle. Mine has the third seat which makes it good for our family of 6. Not a lot of alternatives with better fuel economy etc.

2005 E320 CDI
1999 ML320
Previous: 1993 190E 2.3, 1992 320SE, 1987 260E, 1984 190E 2.3
Pierre Louis is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > General Mercedes-Benz

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome