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So this question came up when I was talking to a friend. Where do you draw the line when it comes to MSRP numbers and used cars. As in say I brought a new S-Class for $120,000. I drive a “$120,000” car. This is a $120,000 car. “Look at my $120,000 car” etc.
Since they depreciate so hard within the first couple of years, can you still logically say you own a “$120,000” car even if you paid like $60,000 on a 4 year old model?
I see 2 ways this could go. I paid $60k, the car is still as nice as a new $120k s class, thus I “have a $120k car”
The other way I see it, is like a older S class for $10,000. Can you still say it’s a $100k car when it’s old and only cost $10k?
When you fix it, you'll find out the S-Class is indeed a $120K car.
My mom's Cadillac 2008 CTS is probably an $9K car at this time.
If she gets even a minor repair at the Cadillac dealer, she's offered a new Cadillac loaner and the car is given back to her washed and vacuumed.
It depends on the dealer, but luxury car perks are often different from "regular" car perks, even if the luxury car is old.
My observation is that luxury cars tend to depreciate the fastest/most, and sports cars the least. Economy cars don't have as far to drop and trucks seem to be perceived as continuing to be useful and to have more reliable miles in them.
I've seen a few Bentleys on used car lots over the last few years. It's interesting to see a 15-20 year old car that was probably $250,000 new, up for sale for $5,000 and with nobody biting, but I guess it makes sense. Anyone shopping in the $5,000 segment isn't going to want your ancient, tiny, outdated and slow LCD screens, your headlight wipers that don't work, your cracked leather seats, leaking sunroof, and most of all your V12 or twin turbo engine that never runs right, needs service worth more than the car, and would only deliver around 9mpg when running properly anyway.
Luxury is all relative, and most of what's luxurious in a car ceases to be luxurious when it's outdated and someone else's butt has sat in and damaged it. What's left is often something unreliable, inefficient and sad.
Luxury is all relative, and most of what's luxurious in a car ceases to be luxurious when it's outdated and someone else's butt has sat in and damaged it. What's left is often something unreliable, inefficient and sad.
That is a majestic automobile. Screw the gizmos, this is all about build quality.
If a super lux car is well kept it'll never be $5K. One that cheap is trashed and should be avoided, just like any other car that wasn't looked after.
That is a majestic automobile. Screw the gizmos, this is all about build quality.
If a super lux car is well kept it'll never be $5K. One that cheap is trashed and should be avoided, just like any other car that wasn't looked after.
I don't think it applies universally. I feel like gizmos weren't really front and center in luxury cars until maybe the late 80's / early 90's, when computers and screens started appearing everywhere.
Do you think someone will be impressed if you tell them you own a $120,000 car even if you bought it new and paid $120,000 for it?
This ^.
It's less about the MSRP, or current value of the car. Or the car itself. It's more about the ego and smarky attitude. Pretty much anyone that goes "Hey, look at my 120K car" is likely going to get less of a response than they were looking for.
This is a curious phenomena. We were shopping for a used Porsche 911 a few years back. Almost all the listings indicated the new price. Who cares? What is it worth today.
The only person who tells you what the MSRP of their used car is a braggart. I tend to avoid them.
If she gets even a minor repair at the Cadillac dealer, she's offered a new Cadillac loaner and the car is given back to her washed and vacuumed.
It depends on the dealer, but luxury car perks are often different from "regular" car perks, even if the luxury car is old.
My Honda dealer always washes & vacuums, even if you just come in for a recall.
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