Quote:
Originally Posted by stealth.pilot
I had my 2013 for 16 months. I paid $97k for it new (ED invoice) and I sold it for $85k, So that's $12k depreciation over 16 months or $750 per month in depreciation.
I think that's pretty good. But unlike the people whining like a bunch of sissy girls, I did the transaction in a smart way both at the front end and the back end.
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LOL Stealth your bedside manner cracks me up!!! Yes you did well on yours--- I paid 102595 for mine in Oct 2012 (sticker was 104495) and I sold it for 93k in 7 months = 1370 per month loss = whatever
The majority of the depreciation is tiered in year one so the mentality is pay to play if one has ADD of cars.
Anyone who thinks they are buying an M or any highline car to make money or even break even are fooling themselves. How about an AMG and extra large slice of depreciation!!!