Resale? Don't feel so bad

[Vette73]

Just tuned into a rerun of a Barrett Jackson auction from 2015....

A 2005 SMG E63 Mercedes two seat convertible ( I think I got the letters right)
crossed the block....

Car came factory with 605 horsepower......Sticker price new was 180,000 dollars..Car was beautiful with 59,000 miles....

Selling price- 28,000 dollars...

So.....Everyone cheer up...

[Locobob]

Wow that's cheap, kinda wish I had the extra cash and room for a Benz now, those are nice cars.

[rush91]

I watch these auctions a lot as well. It amazes me how the market goes up and down....Like now, 1977 to 1981 Trans Ams are going for stupid prices. I'm not knocking Trans Ams, I owned a white on blue 1979. If one could only predict the future. I wish I owned a 1989 Turbo Trans Am, those are so under-rated it's a joke......
The 2006 / 2007 Ford GTs are now spiking for huge prices, as they should. I think the iconic cars will always hold value, especially for low mileage ones. I'm surprised the LT4 Camaros from about 1998 to 2002, with the Corvette motor, haven't exploded yet. I think our Beast will always hold a very special place, they were iconic between 1990 and 1995. And still are to all of us who know that magic after 3000 RPMs.......

[Vette73]

Originally Posted by Locobob

Wow that's cheap, kinda wish I had the extra cash and room for a Benz now, those are nice cars.

605 horse sounds good but from what I hear the car had traction problems with all that power...Not sure what rear came with the car but I'm sure with the right set up and right tires,the car must haul ***....

Seen many imports over the years going for great prices at these auctions ....

[Mystic ZR-1]

Nice car, but, you think some ZR-1 parts are expensive?

[G8nightman]

Yes Benz's don't hold Value at all you can pick up a 03 CL55 AMG for about 15000 about 550HP Parts aren't all that expensive just have to know where to buy them def not the stealership.
I picked up this 07 cls550 for about 38000 4 years ago its worth about 25000 now they non AMG models lose value alot faster.

[LGAFF]

I just picked up an 05 SL600, Twin Turbo V12, w/52K miles for $21K. Original sticker is $132K....its now tuned with 600hp and 690ftlbs of TQ. Fun car but with sht goes wrong its $$$$..

$2K power/hyd steering pump/Shock Pump

So far in two months of ownership, hyd line went out, and now radiator.

Tuned they run 11.4 on street tires @121-123; with sticky tires 11.0

[Paul Workman]

Ouch!!! Those are some extremely heavy "hits" for those cars! 21/132 = 16% of new after 10-11 years.. By comparison, our cars selling in the $17,000 to $25,000 ± after 20 to 26 years are faring much better, ~ 28 to 33%, if seller is willing to wait/right market, etc., etc...

On the other hand, the cost to fix/maintain those Mercedes and BMWs makes a ZR-1 look cheap!!

[LGAFF]

upper radiator hose on the SL600 $155...one hose

Antifreeze $30 per gallon

Hyd fluid $18 qt for generic.....

[Paul Workman]

Originally Posted by LGAFF

upper radiator hose on the SL600 $155...one hose

Antifreeze $30 per gallon

Hyd fluid $18 qt for generic.....

I'm really fighting an urge to cry BS!! I mean, why so high? Are these items tagged with import costs - is the reason?

I'd like to know why e.g., Dexcool or "the green stuff" wouldn't work as well. What is the chemical comp of their hydraulic fluid making locally obtained stuff unusable for those cars? Far as hoses go, I'd be looking through the domestic hoses for one that could be made to work (e.g., the Dodge Neon hoses used under the LT5 plenum)

Those kind of repair costs are no doubt the reason for the huge depreciation - or at least part of it.

Just sayin...