Are Euro Cars a Wise Choice For a Daily Driver

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Oversize

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Lots of people have criticised Benzes built from 1991-2010ish but BMW & Audi aren’t a lot better apparently.

I know of a 2010 BMW X6 with a blown turbo & needing a timing chain. Apparently the owner can’t get rid of it for even $5K! That’s a lot of depreciation & headaches....
 

Patrick_R

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You certainly don’t buy a modern Euro car and expect sort any resale value.

In today’s market, the only way to do it is get locked into the brand and have a guaranteed buy back after 3-5 years, then start again.

Keep these newer cars any longer than that, and if there is no service agreement involved, be prepared to put your hand in your pocket.

I know a lot of people in the MB truck world, and all of their company cars are brand new MB, the level of car depends on the level,of their job.

A basic service advisor can pay to drive a brand new MB as well

All of these cars are replaced every 3 months.
Where do you think all of these “low k” demo’s come from?
I was offered a job once at MB trucks, and was offered a lovely E Class, but was not allowed to put a tow bar on it for my boat, as it will be replaced every 3 months.

At least this way, one may be able to buy a low k car a bit cheaper, but not as good as buying one that is one or two years old, where the original owner has taken the big depreciation hit for you.
 

Michel

The Prince of Arabia
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My 2000 CLK430 is an extremely dependable daily driver.
Why would I want to spend zillions on a brand new Benz (the equivalent runs into six figures!)

I have airbags (not recalled) and a late model sound system with Apple Carplay and Bluetooth audio.
I do test drive new cars all the time, but I love getting into the 'old' CLK430.

IMG-6857-1.jpg
 

Styria

The Godfather
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Hi Patrick, I well remember that car and the quite magnificent detail job you carried out on it. If we are talking about second hand Mercedes Benz cars on offer, it is a veritable grave yard. When I say graveyard, there are hundreds in the $3k. to $15K. region, and you will buy a hell of a lot of car for those dollars.

The problem nowadays, of course, is the cost of spare parts and the cost of servicing. Unfortunately, labour charges are substantial, and if you have an older model say pre 1990, it is becoming difficult to find garages or service centres that have the knowledge to deal with the older models. If you spend $4K. on a used car, it becomes uneconomical to then turn around and commit yourself to a repair bill of some $2K. to $3K. If dealing with older Mercedes models such as a W126 560SEL, they are still worth money - or say a good condition 6.9 that ay be valued at $20K., it is alright to spend the amounts I am talking about. In other words, it helps to have a car that is likely to appreciate in value, rather than depreciate. I think the percentage of one against the other would probably be close to 95% vs. 5%.

I don't think that too many of us would venture into the new Mercedes market - as you said, if on incomes that warrant leasing and buy-back, it pays to change every two to four years and those buyers are in an entirely different purchasing bracket. In my case, I need to stick to what I have, and what I can service, and what I can afford to spend on purchasing cars. Regards Styria
 
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