Originally Posted by PenelopePitstop
Big discount = big drop in value when used.
Yes, and no. Jein as they say over here.
From Mercedes website PCP example (you can get £7000 off in the example on the website without even asking the dealer) they expect a base model SLC 43 to be worth £18,000 at 3 years and 30,000 miles. So, if it cost £47,000 new you'd be losing 62% of the new price so the residual value would be a horrific 38% at 3 years. That's not good.
If you buy at £38,000 (which seems to be where most folks are ending up) you're losing £20,000 or 54% of new so the residual is still a pretty awful 46%. But is a 55 really that much better. Remember that a new 55 was £54,000 on the road and they were £43,000 after all the discounts. A 1 year-old SLK 55 is the most expensive SLK on Autotrader and it's 40,000 vs. a list price of 54,000 so it's lost 25% in the first year (and that's assuming someone pays what the dealer is asking). A 3-year old car is about £30,000 retail so realistically that's 25,000 as a trade-in so it's pretty much the same as the 43 is projected to be going forward. And don't forget that there are plenty of used SLC 43's in Mercedes dealers for more than you can get a new one for. Which is just bizarre.
It's such a shame that Mercedes don't just do the obvious thing and sell the SLC 43 at £37,000 LIST with no discounts. That's the only way to firm up the residuals. That would make it a performance bargain vs. the Audi TT and Z4 and it wouldn't incur all the extra taxes after 31/3/17.
Of course, I lease, so it's all largely irrelevant for me.