It’s not really worth investing in shares for many people at the moment, but is it worth investing in cars? Mercedes certainly seems like a likely option to retain or build on value, as they’re a world-respected, luxury manufacturer, but that doesn’t necessarily translate into instant profit. Having said that there are ways in which you could view it as an investment. Here are some of your options.
The main tip if you’re looking to make hard cash on a Mercedes purchase is to look into second hand deals. You’re unlikely to make money quickly on anything you buy new at the moment, but there’s a thriving market for people that want classic or second hand Mercedes of their own. That means if you can pick up a bargain and hang onto it for a little while you’re likely to make a little cash in the process. It’s important that the car is in good condition though, or that you’re in a position to restore it in order to make a really nice profit.
Buying a Mercedes Benz from new is more of a personal investment in terms of what you’re getting for yourself, rather than the money you’ll make in years to come. They are a brilliantly safe and reliable vehicle, and are a great status symbol of our times. The chances are that you won’t find yourself disappointed if you treat yourself to one from the showroom, but you shouldn’t be doing it to make a profit.
Having said this, there are certain classics that seem to have stayed worthwhile in price, or even got more valuable. The 1966 230SL range of nippy little numbers can still fetch somewhere in the region of twenty thousand pounds. Similarly, recent models such as the 2008CLS63 AMG stay well over the twenty thousand mark in value. Even ugly examples such as the 450SL of the seventies fetch somewhere in the region of five thousand pounds, which can’t be said for that many of its contemporaries.
So the distinction is fairly clear. If you want an investment, go second hand, and research what’s classic. If you’re more interested in personal enjoyment and durability as your investment, feel free to splash out on something fresh off the production line.
Great deals to be found on Mercedes spare parts UK at Dronsfields Mercedes.