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How much is Mercedes-Benz depreciation?
Maybe I just listened to the Janis Joplin song one too many times, but I’ve always wanted to buy a Mercedes-Benz. My mom always warned me about the perils of depreciation on a new car—but maybe it’s not that bad on a Mercedes? How much do Mercedes models usually depreciate?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
A taste for Janis Joplin and great life advice on car depreciation of all things? You have a great mom! Unfortunately, Mercedes-Benz depreciation is some of the highest in the industry. Depending on the model, you can reasonably expect to lose 40% to 50% of value over three years and up to 60% over five years.
In particular,
the Mercedes-Benz S-Class
depreciates faster than some other brands, while Mercedes-Benz SUVs tend to hold their value a bit more simply due to a higher level of popularity.Regardless of what model you buy, don’t forget about your
Mercedes-Benz insurance costs
. Luxury cars can get rather expensive to insure, so make sure to check out the Jerry
app for all your car insurance
needs.Jerry is a
trustworthy super app
and insurance comparison tool that collects quotes from over 55 top-rated insurers in just 45 seconds. After you find a great rate, Jerry can help you buy new insurance and cancel your old policy. Users save an average of $800+ per year.View full answer
- Gregory R.
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