You can get an amazing car if you let someone else take the first hit.
You can anticipate that the value of a new vehicle will decrease as soon as you drive it off the lot. While some automobiles retain their value quite well, others quickly lose it. However, this isn't always a bad thing because models that cost a lot more have a lot more value to lose. You can take
advantage of the fact that many luxury cars lose a lot of money in their first year of ownership. Our suggestion is for a Mercedes S65 AMG from 2015. The cost of a brand-new 2016 S65 is $224,650. However, before you see how inexpensive a used model is, don't buy new. At Mercedes-Benz of North Olmsted in Ohio, we discovered a 2015 S65. It would appear that either the advertisement has been removed or that the automobile has been sold. It only has 10,754 miles and is only one model year old. The cost is only $159,994 despite the fact that it is practically new. This indicates that you can save approximately $65,000 by waiting just one year to purchase an S65. Purchasing this vehicle pre-owned doesn't really come with many drawbacks either. This S65 is being offered as a certified pre-owned vehicle because it is so new. The five-year, unlimited-mileage warranty that comes with it is valid until 2020. In addition to the factory warranty, you will also receive a 12-month limited warranty. You won't have to worry about costly Mercedes repairs this way.
Although this S65 appears to be quite loaded, you might think that we simply selected one of the cars with the fewest desirable options. Executive Rear Seats with power adjustment and folding tables, as well as a refrigerator mounted in the rear center console, are optional features. This method would set you back around $232,000 for a brand-new S65. Sadly, you won't be able to choose your color, but we'll use our savings to buy a new M3, and that's all we'll be thinking about. You might be concerned about purchasing such a vehicle because it will continue to depreciate. Even though the sixth-generation S-Class just came out in 2014, it is clear that depreciation will be a problem based on the older models.
We looked for used S65s on Cars.com and found a few of the previous generation for between $30,000 and $40,000 each. These automobiles are less than a decade old and began at roughly the same price as a model from 2016 when they were first introduced. It is abundantly clear that if you purchase the certified 2015 model that we recommended, you will not be fully compensated for the depreciation. So, when is the ideal time to purchase one of these automobiles? The response is contingent on a few variables. It's comforting to know that you won't be responsible for costly component failures with cars this pricey. As a result, purchasing it with a warranty is essential. The expression "There is nothing more expensive than a cheap Mercedes" is probably familiar to you. Even though the $43,000 2008 S65 may appear to be the better option, you need to take into account how much it will cost to maintain it. As with our S-Class example, there are times when the savings over the other vehicle are so significant that it will not matter. A 2008 S65 can be purchased for more than $100,000 less than the 2015 model we showed you. Go for the 2008 if you have the money for the 2015 but want to spend it elsewhere. When someone decides to buy a car like the 2008 S-Class when they can only afford a $40,000 vehicle, the issues begin.
Maintenance costs for the S65 are lower than those for a brand-new $40,000 automobile. Even though it is now worth that much, you will still pay the same amount to have it serviced as someone who paid more than $200,000 for a brand-new model, with the exception that yours will be older and not covered by a warranty. A used AMG S-Class can actually be a very good deal. To avoid purchasing a vehicle that you really cannot afford, all you need to do is to comprehend the associated risks.
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