blue book value??? - Mercedes-Benz Forum

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post #1 of 7 (permalink) Old 08-23-2005, 01:06 PM Thread Starter
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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????
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post #2 of 7 (permalink) Old 08-23-2005, 01:15 PM
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RE: blue book value???

we call that depresiation
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post #3 of 7 (permalink) Old 08-23-2005, 02:30 PM
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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.
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post #4 of 7 (permalink) Old 08-24-2005, 11:54 AM
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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?
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post #5 of 7 (permalink) Old 08-26-2005, 09:36 PM
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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!
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post #6 of 7 (permalink) Old 08-27-2005, 05:59 AM
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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!
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post #7 of 7 (permalink) Old 08-27-2005, 08:36 AM
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RE: blue book value???

Actually, things haven't changed much, if you take the 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
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