You’ve had your eye on a shiny new Mercedes for years and can finally purchase one. But before you sign on the dotted line, you have one important question: will a Mercedes hold its value over time? As with any vehicle, depreciation is inevitable. However, some brands are better at retaining value than others. Given Mercedes’ reputation for luxury, quality, and prestige, you’d expect their vehicles to fare better than average in the depreciation race. The good news is, you’d be right. Mercedes are among the brands that best hold their value over the years and miles. So while any new car loses money the moment you drive off the lot, your new Mercedes will likely lose less over time than other brands. A Mercedes could be an ideal choice if you’re looking for a luxurious vehicle that’s also a solid investment.
How Well Do Mercedes Retain Their Value Over Time?
Mercedes are renowned for holding their value over time, but how well do they retain their worth? The answer depends on several factors.
Age and mileage
Not surprisingly, newer Mercedes models with low mileage will hold their best value. According to Kelley Blue Book, a 3-year-old Mercedes can retain around 65% of its initial MSRP. Well-maintained Mercedes can still fetch over 50% of their original price even after 5-6 years. Models that have high mileage for their age, accidents, or need major repairs will lose value faster.
Model and features
Luxury vehicles and performance models from Mercedes typically hold value better than base models. Limited edition or rare Mercedes models also tend to depreciate less. Vehicles with desirable options packages, premium sound systems, navigation, parking sensors, and other sought-after features will also fare better.
Market conditions
The overall used car market and economy determine how well Mercedes holds value. When the used car market is strong, and fuel prices are high, the resale values of luxury vehicles like Mercedes go up. During recessions, the values tend to go down as demand weakens.
Proper maintenance
Keep your Mercedes well-maintained with regular servicing at a Mercedes dealership or certified mechanic. Fix any issues immediately and keep detailed maintenance and repair work records. A pristine service history and Mercedes certification will help maximize resale value.
With the right model, features, condition, and market conditions, a Mercedes can hold up to 70% of its original MSRP even after 3-5 years. But you have to do your part to keep it in tip-top shape! Following these best practices will help ensure that your Mercedes retains the highest value over time.
Which Mercedes Models Hold Their Value the Best?
When it comes to holding value over time, Mercedes is one of the best. Their S-Class, E-Class, and G-Class models are renowned for retaining a high percentage of their sticker price, even after a few years of ownership.
The S-Class sedan is Mercedes’ flagship luxury vehicle and a leader in automotive innovation. With its unparalleled comfort, cutting-edge technology, and solid engineering, it’s no wonder the S-Class holds an average of 60% of its original MSRP after 5 years.
Similarly, the E-Class midsize sedan combines elegance, performance, and the latest advanced driver assistance features. As a result, the E-Class maintains about 55% of its initial value over the same period.
Arguably the most capable off-roader in its class, the G-Class SUV is timeless. This iconic boxy frame still commands a premium, often selling for 75-80% of its original price after 5 years.
AMG variants and higher trim levels achieve better resale values within the Mercedes lineup. In the end, you can go right with any well-maintained Mercedes. Still, their most prestigious and advanced models are your best bets for maximizing value retention over the vehicle’s lifetime.
How Many Miles Are Too Many When Buying a Used Mercedes?
When buying a used Mercedes, mileage is one of the most important factors regarding how much value it will hold over time. As a general rule of thumb, aim for under 60,000 miles for the best value retention.
Under 60,000 Miles
If you can find a used Mercedes under 60,000 miles, it should have many years and miles left of reliable service. These lower mileage vehicles hold their value the best over time since there is less wear and tear, and the major service intervals likely haven’t been reached yet. You’ll have peace of mind knowing you can put many miles on it before needing major repairs or overhauls.
60,000 to 100,000 Miles
In this mileage range, you must ensure the vehicle has been properly maintained with service records to show. While still a good option, value retention starts to decrease more rapidly. Be on the lookout for any warning signs the vehicle may need major services soon. If everything checks out, you can still expect several good years and tens of thousands of miles of life left.
Over 100,000 Miles
Once over 100,000 miles, the value retention drops more significantly. However, if the vehicle has been meticulously maintained and major services have already been performed, it can still have life left at a lower price point. Be wary of vehicles needing overhaul work like engine or transmission replacement/rebuilds in this mileage range, as costs may outweigh any value left in the vehicle.
Lower mileage usually means better value retention for a used Mercedes. However, a higher mileage vehicle with a solid service history can still be a good option, you’ll just need to go in with realistic expectations for value retention over time. Regular maintenance and upkeep is key to maximizing the life of your Mercedes, regardless of mileage.
How to Get the Best Price When Selling Your Mercedes-Benz
When it comes time to sell your Mercedes-Benz, you’ll want to get the best price possible. Here are some tips to help you maximize your selling price:
- Research the Kelley Blue Book value to determine a good asking price range based on your vehicle’s make, model, year, trim level, mileage, condition, and optional features. Check recent listings for comparable Mercedes models on Autotrader, eBay, and Craigslist to see what other sellers in your area ask. Price your Mercedes competitively based on the research.
- Have your vehicle detailed thoroughly inside and out. A clean, shiny car will make the best impression on potential buyers. Consider having any dents, dings, or scratches repaired by a professional. These small fixes can help boost your asking price.
- Market your Mercedes on multiple auto listing websites to reach the most interested buyers. Include high-quality photos of your vehicle, list all features, and a full description of the service records. Mention any recent maintenance or repairs that have been done.
- Be willing to negotiate for a fair price for you and the buyer. Check your listing frequently and respond quickly to interested buyers contacting you. Give them a vehicle history report and allow them to have the car inspected by a trusted mechanic. Full transparency will make buyers more comfortable with your asking price.
- Consider trading in your Mercedes at a local dealership. They can offer a reasonable price to resell the vehicle on their lot. Get appraisals from multiple dealers and choose the highest offer if it aligns with private party value. This can save you the hassle of a private sale.
With some work on the front end to determine a competitive price and effectively market your Mercedes-Benz, you’ll be in the best position to get top dollar when it’s time for resale. Following these steps will help ensure you get the best possible price for your vehicle.
Common Questions About Mercedes-Benz Resale Value
When buying any vehicle, especially a luxury brand like Mercedes-Benz, an important consideration is how well it will hold its value over time. Here are some of the most frequently asked questions about Mercedes’s resale value.
Do all Mercedes models hold their value well?
Mercedes vehicles are generally known for retaining a good amount of their value. However, some models hold their value better than others. Models like the E-Class, S-Class, and G-Class SUVs typically have the highest resale values. More basic models like the A-Class and B-Class lose more of their initial MSRP over time. Limited edition AMG models also hold value very well.
How many miles are too many for a used Mercedes?
Aim for under 60,000 miles for a 3- to 5-year-old Mercedes for the best resale value. Once a Mercedes reaches over 100,000 miles, it can lose up to half of its initial value due to higher mileage. Of course, proper maintenance and service records can help offset some of the depreciation from higher mileage. But in general, the fewer miles, the better.
Should I lease or buy if I want the best value?
If maximizing value is your top priority, purchasing a Mercedes is better than leasing. When you purchase, you own the vehicle and can sell it whenever you want, potentially allowing you to get a higher resale price. At the end of a lease, you have no equity in the vehicle. However, leasing does allow you to drive a new Mercedes every few years without the risk of steep depreciation costs. It depends on whether you prefer lower monthly payments or building equity in the vehicle.
What are the best and worst model years for resale value?
In general, newer model years will hold their value the best. You’ll get the most money for a Mercedes still under the original factory warranty. Older models, especially those over 10, will have lower resale values due to their age and a higher likelihood of needing expensive repairs. It’s best to avoid any model year known for reliability or quality issues, as these can significantly impact resale value. Check vehicle reviews and rankings to determine the best and worst model years.
Conclusion
Does a Mercedes hold its value? A Mercedes is an excellent choice if you’re looking for a luxury vehicle that will retain a high percentage of its sticker price over time due to its prestige and reputation for quality. Their vehicles are renowned for providing a superior driving experience, comfort, and status, allowing Mercedes owners to command strong resale values. While no vehicle holds 100% of its value forever, a well-maintained Mercedes has proven to be a smart investment for those wanting to maximize the return on their automotive expenditure. If you’re willing to pay the initial premium to own a coveted luxury brand, the Mercedes badge on your hood or trunk can reward you.
