Date registered: May 2008
Vehicle: W210.265/2001, W220/S500/2000, Porsche 997 C2S/2006, GMC K1500/1992
Location: DFW, TX
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Let look at the bright side of your issue. you are 2nd or 3rd owner of the vehicle. Used car are like stocks in the NY exchange. The book value/mkt value of your car already discounted for you the unexpected repair cost. There will be no such deal if your car will hold up and do not have any problems of repair in the future and provided you with such good rides and up to dated tech. I pay closed to $100K for the car new, I will never sell mine to you for less than $50K. even the blue book is $25K. If you can do some self maintenance and read this forum and do not need to use it everyday to make a living, this will be a very satisfied investment for you. Later S series may get you less or not the same problem, but that is what I have in mind back in May 1999 to order the new car before it sells in here. Unless, there is no new tech. added from previous model, then it will possible you have less problem, otherwise, ....
The original owner already took the lost for you, you are buying the stock at the dip, weather you have a value trap or a winner, press your luck or learn more about the stock/company, the car inside out before you buy it or if you can afford all other future downside/repair cost. Think like a stock trader and you will be happy. That include a cut lost decision. Do not mistaken me about my trust towards MB, MB is better than Lexus or Toyota or GM to take care of you because of the $ we paid to support that company in the past. We paid 100K for 4500 lbs for MB but you have to paid 100K for 3300 lbs for Porsche. But we are not buy car per weight, alloys and fiber carbon cost 10x more than steel. The ride= stiffness of structure and power with less gas consumption means more to the tech than wt like a GMC truck with 0 cost of repair. You must put some time to learn it hard before you know what you are buying just like stocks in NY exchange. Otherwise you are pressing your luck and become miserable owner of MB like mrpowerseller in this forum. I personal think MB has been hard pressed to maintained the pricing of the new S series very hard. U S $ goes down more than 50% from last 3 years in the world but the new car has been selling at the same price, MB has a very thin margin in these veh. Why ? They do not want competitors to get their mkt share. U S is their biggest customer in the world, we are paying much less than other consumer of the world even we take out others import tax duty. All commodity go up more than double and wagers too, how MB can maintain pricing the same as 8 years ago ?
500SEC 1984 retired at 192K
Porsche 928S GT 1984 (euro) retired at 243K