Used car prices these days are nuts

[Gotta-Qik-C7]

Big time.

Long gone are the days when you bought a Mercedes to drive into the ground. They are bought and built to be seen in, which makes an old one immediately useless.

The last one came out in 2007... those are retailing at just over the $20K mark. I think in 2-3 years they will be in the 4 digit range too.

My boy is in the market for a 07-08 S550 and I could believe how cheap they are!!!

[12,000 RPM]

The entry fee is low.... but the cost to stay is still like a $100K car.... OUT of warranty

He should seriously consider something else. S Class is an old man car.

[Raza]

I always refer to Accords because that's my life. I bought a 93 Accord with 93K miles in 2003 for $2200. A 2004 Accord today with more miles goes for about 3-4x as much.

One funny thing though is how much of a beating certain cars are still taking and what their depreciation says about the change in priorities. A 2004 MB S500 goes for about $1-2K LESS than a same year Accord. Seems like the avg American has been humbled by the recession and is putting a higher value on basic transportation rather than cheap luxury.

Speaking from experience, old Benzes (especially S classes) are a huge liability.  I think our 2002 sold for something like $3000.  They're just not the right kind of car to buy on a budget.  From what I see, old Benzes tend to be really popular with a certain crowd, but that's it. 

[Soup DeVille]

Speaking from experience, old Benzes (especially S classes) are a huge liability.  I think our 2002 sold for something like $3000.  They're just not the right kind of car to buy on a budget.  From what I see, old Benzes tend to be really popular with a certain crowd, but that's it. 

A ten year old S class is coming up on getting some pretty seriously expensive replacement parts. Only stupid people trying to look richer than they are or guys with the Will and know how to do a lot of that themselves will be interested.

And guys that wrench on their own cars typically don't buy S classes anyways.