What should be the approximate resale value of a 2006 C230 (purchase
price $29,000)with 5000 miles at year 5?
T.G. Lambach - 03 Oct 2005 05:36 GMT
Nobody can give you that answer. Used cars' depreciation governs their
values; their actual mileage vs. "normal" mileage for their age (about
11K / year) is an adjustment to the depreciated value - about $.12/mile,
less as the car ages.
If you're lucky and the market is reasonable 50% x $29,000 = $14,500
plus up to $6,000 for very very low mileage - but only for the buyer who
wants a 5 year old car with only 5,000 miles use.
Suggest you drive it or sell it.
Martin Joseph - 03 Oct 2005 07:47 GMT
> What should be the approximate resale value of a 2006 C230 (purchase
> price $29,000)with 5000 miles at year 5?
Crystal ball says zero.
Look out for that bridge abutment!
Cheesehead - 03 Oct 2005 16:08 GMT
I wouldn't buy it. Not *enough* miles on it.
Generally, cars are for driving. And I'm no collector.
Maybe Jay Len-o would like it?
Collin
KC8TKA
JMW - 05 Oct 2005 14:13 GMT
> What should be the approximate resale value of a 2006 C230 (purchase
> price $29,000)with 5000 miles at year 5?
Figure (trade-in) value drops to ((.8 x cost) / year). Resale value
very dependent on history, records and your sales ability.
Jan