Merc resale value

[Solar]

In general, people are saying Mercs hold its value well.
Using my own, it's a Jan 2011 C180 which I bought from a dealer for 140k around a year and half old.
Coe was 35k.

Fast forward.
Taking a similar year and half C Oct 2014 below, they are selling at 147k but coe is 65k.
http://www.sgcarmart.com/used_cars/info.php?ID=529153&DL=1013

Is this the indication how Mercs are holding their value?
Of course, this is disregarding low-balling from dealers. I am looking at selling price in the market.

[Fuelsaver]

Not trying to be funny, but all dealer cars also holding their value. Only difference will b if there r any takers. I unsure about conti cars, but jap cars Toyota n Honda also hold value well, esp mpv n suv type. If u looking to sell, may try pricing near dealer value first. Then c if any response next few weeks.

[Solar]

Not trying to be funny, but all dealer cars also holding their value. Only difference will b if there r any takers. I unsure about conti cars, but jap cars Toyota n Honda also hold value well, esp mpv n suv type. If u looking to sell, may try pricing near dealer value first. Then c if any response next few weeks.

No worries bro, just that I noticed the similarities in selling prices over these 2 periods.

I'm thinking if I should allow my backside to go itchy again lol..

[Fuelsaver]

No worries bro, just that I noticed the similarities in selling prices over these 2 periods.

I'm thinking if I should allow my backside to go itchy again lol..

I itchy 2-3yrs Liao lol. But bear in mind ur model probably was facelifted so do expect some price nego at buyer end. Now cat b drop a lil n not as high as before so should expect some going for this cat. Mayb even those prev cat a may request upgrade / convert to cat b package.

[flashbang]

In general, people are saying Mercs hold its value well.

Using my own, it's a Jan 2011 C180 which I bought from a dealer for 140k around a year and half old.

Coe was 35k.

 

Fast forward.

Taking a similar year and half C Oct 2014 below, they are selling at 147k but coe is 65k.

http://www.sgcarmart.com/used_cars/info.php?ID=529153&DL=1013

 

Is this the indication how Mercs are holding their value?

Of course, this is disregarding low-balling from dealers. I am looking at selling price in the market.

 

Actually this means the Merc you bought was overpriced lol. 140k-35k means you paid 105k for the "body". Now only need to pay 147k - 65k = 82k.

[Blueray]

Actually this means the Merc you bought was overpriced lol. 140k-35k means you paid 105k for the "body". Now only need to pay 147k - 65k = 82k.

 

you mean the premium over scrap concept ?

 

learnt this from used car dealers

[flashbang]

you mean the premium over scrap concept ?

 

learnt this from used car dealers

 

Care to explain? Never heard of this before 

[Solar]

Actually this means the Merc you bought was overpriced lol. 140k-35k means you paid 105k for the "body". Now only need to pay 147k - 65k = 82k.

Yes bro.. That time 1 to 1.5 year merc were selling around this range..

[macrosszero]

You want to know if Mercs hold their value well you need to compare against its segment competitors and see how much they are selling for nowadays - the Audi A4, BMW 3 series, Volvo S60, that kind of thing. 

 

Strictly speaking, cars don't hold their value and if the point of owning a car was to minimize your financial losses, then a Toyota anything would probably do that better than any Merc would.

[Wt_know]

you cannot compare like that because used car price is "benchmark" with new car price

when you buy what is the COE and new car price

what's the level people willing to pay for new car and trade in their car

 

from that price point then AD price their trade in > pass to used car dealer > sell in used car market

 

used car price depreciation is not based on the car model and age ... but benchmark with new car and new model

 

In general, people are saying Mercs hold its value well.
Using my own, it's a Jan 2011 C180 which I bought from a dealer for 140k around a year and half old.
Coe was 35k.

Fast forward.
Taking a similar year and half C Oct 2014 below, they are selling at 147k but coe is 65k.
http://www.sgcarmart.com/used_cars/info.php?ID=529153&DL=1013

Is this the indication how Mercs are holding their value?
Of course, this is disregarding low-balling from dealers. I am looking at selling price in the market.

 

Edited January 24, 2016 by Wt_know

[Angchug]

It's not true Toyota car hold a better resale value. It's very subjective.

From my personal experience.

1) Toyota Estima - bought @ $148k. Drove for 3 years and sold for $76k.

2) Merc B170 - 14 months old. Bought at $88k. Drove for 4 years and sold for $75k.

3) Toyota Fortuner - bought at $99k. Drove for 5 years and sold at $48k

[Spring]

It's not true Toyota car hold a better resale value. It's very subjective.

From my personal experience.

1) Toyota Estima - bought @ $148k. Drove for 3 years and sold for $76k.

2) Merc B170 - 14 months old. Bought at $88k. Drove for 4 years and sold for $75k.

3) Toyota Fortuner - bought at $99k. Drove for 5 years and sold at $48k

Your B170 was bought used right? so not a fair comparison against the other 2 which was new I assume?

[Roh96]

$147K is the dealer's selling price. I believe the dealer bought in the car in the range of 130-135K. Assuming the previous owner bought this car at $170K thereabout, he/she would have lost 35-40K in 1.5 yrs of driving. Depreciate $20K+ /yr is considered good resale?

 

 

In general, people are saying Mercs hold its value well.
Using my own, it's a Jan 2011 C180 which I bought from a dealer for 140k around a year and half old.
Coe was 35k.

Fast forward.
Taking a similar year and half C Oct 2014 below, they are selling at 147k but coe is 65k.
http://www.sgcarmart.com/used_cars/info.php?ID=529153&DL=1013

Is this the indication how Mercs are holding their value?
Of course, this is disregarding low-balling from dealers. I am looking at selling price in the market.

 

[Blueray]

Care to explain? Never heard of this before 

 

when I went around the used car dealers, noticed there was usually a onemotoring printout of the scrap value of the car for that month.

 

and some dealers started using the term cash over scrap or premium over scrap, and of course, the lower the better lor ... a bit like COV lor ...

 

I reckon this would come in useful if COE were to correct significantly and there may be an angle to actually dereg a high COE car early, something like the situation we had some 10+ years ago.

[flashbang]

It's not true Toyota car hold a better resale value. It's very subjective.

From my personal experience.

1) Toyota Estima - bought @ $148k. Drove for 3 years and sold for $76k.

2) Merc B170 - 14 months old. Bought at $88k. Drove for 4 years and sold for $75k.

3) Toyota Fortuner - bought at $99k. Drove for 5 years and sold at $48k

 

Actually it is very subjective depending on the COE level at the time you buy and sell.

 

For those who bought a B&B car during 2008-2009, they would have paid between 50-60k. They could have driven it for 5 years, then sold it for the exact same amount in 2013-2014.

 

For those who have bought a new car in 2013-2014............... better drive until scrap.

[macrosszero]

It's not true Toyota car hold a better resale value. It's very subjective.

From my personal experience.

1) Toyota Estima - bought @ $148k. Drove for 3 years and sold for $76k.

2) Merc B170 - 14 months old. Bought at $88k. Drove for 4 years and sold for $75k.

3) Toyota Fortuner - bought at $99k. Drove for 5 years and sold at $48k

 

Flawed comparison. I do not doubt those numbers are genuine but they are skewed by prevailing COE pricing. Add your ownership periods to those three cars and we will roughly know if Mercs really hold value better than Toyotas.

[Piyopico]

The new model is out, naturally the older model will not hold its value as well.

 

Why do you think C&C is selling the current E class same or even cheaper than the latest C?

[Solar]

You want to know if Mercs hold their value well you need to compare against its segment competitors and see how much they are selling for nowadays - the Audi A4, BMW 3 series, Volvo S60, that kind of thing. 

 

Strictly speaking, cars don't hold their value and if the point of owning a car was to minimize your financial losses, then a Toyota anything would probably do that better than any Merc would.

 

actually... intention is to minimize financial loss if i were to get itchy now