There's no doubt
depreciation on a car like the S - Class would be ruinous to anyone of «ordinary» means.
Not exact matches
Used
cars are a great choice for drivers
on a budget because they open up more options to you than new
cars, they've skipped the big
depreciation period so you get more return
on your investment, and they have lower associated costs
like insurance.
The Mercedes - Benz SL - Class is the priciest hardtop convertible in the premium brand's lineup, but
on the used market -
like most high end luxury
cars - it suffers from incredible
depreciation, making it a much more affordable prospect.
Higher rates of
depreciation, particularly for very high - end
cars, turn many luxury vehicles into what look
like serious bargains
on the used
car market.
If you travel a lot, you'll likely be taking more deductions based
on your
car (and there can be nuances there,
like writing off actual expenses and writing off vehicle
depreciation).
The
depreciation rate varies depending
on factors
like the make, model and age of the
car.