7 series cars have poor depreciation in that price class
Most vehicles in that class do - including the S. To demonstrate:
2014 S550 MSRP was 96500. Current prices are about 54300. That's a 44% depreciation in 3 years.
2014 750i MSRP was 88200 when comparably equipped. Current prices are about 49000. That's also a (high) 44% depreciation in 3 years.
you are far better off with an S class...and since they sell so many more S classes( than 7 series) I guess the market agrees
That's anecdotal as far as an analysis goes. Just because something sells more doesn't mean it is better nor that it will retain a higher value. Bose and Beats sell more headphones than almost the entire rest of the industry combined... that doesn't mean their product is any good - and the reality is they have both been the biggest insult & black eye to the personal audio world since the introduction of the ipod. And how many years did the Ford Taurus hold the top domestic sedan sales figures through the 90s and 2000s? And we all know how much of a piece of shit car that was... and still is today.
However - to that effect... a 2014 Taurus had an MSRP of 26800. Today it sells for 15000. That's a 41% depreciation in 3 years. Notably less than the BMW 7 or the S class. Does that mean it is a better car? No. Does that mean it is a better value? No. In reality it doesn't prove anything other than something else I have been saying all along: Higher class cars depreciate more rapidly. This is why the S depreciates faster than the G2. This is also why the G90 will depreciate faster than the G80.
Other than that it was a cheaper car than the Mercedes S class that I had that preceded it. However..the Mercedes was also a more complicated and cutting edge car than the BMW was. No self closing doors, finishes were a step down and the stereo was inferior to the Mercedes
Sounds to me like you had 2 different ends of the package and option spectrums within the same class of car. Varying trim & option levels are not exclusive to lower class cars... nor is Merc immune from it. In 3 mouse clicks I can nearly double the price of an S on the "build mine" page.
How in the world would you know the statement you made below?
Because the G2 depreciates slower than the comparable equipped 5 series. I've posted those numbers before. I'll not do it again. Scroll up if you want to see them. Does it still depreciate a lot? Yes. But it does depreciate slower. While we will not know for sure until 3 to 4 years after the G90 is out - I have confidence in seeing a similar trend there as well.
I might also add - not even your beloved Merc is immune from the depreciation monster. A 2015 E350 4matic equipped to match a 2015 G2 AWD Ultimate had an MSRP of 72000. Current market value is 45500 - a 37% depreciation in 2 years.
The G2 MSRP was 53000 and has current market value of 39400. 26% depreciation. 11% less than the 350. Numbers don't lie. Merc doesn't hold value. It never has. None of the Germans have.
I would go ahead and say I seriously disagree with that. In fact..I am going to the say the G90 will have a higher rate of depreciation and discounting than the G2/80
That actually IS what I said. The higher class cars - regardless of manufacturer - will have higher depreciation rates. The G90 is no exception to this rule.
I see some good deals on 2-3 year old cars coming both in the G80 and G90 iteration...
Yep - looking forward to getting a good of a deal on my CPO G90 as I did on my CPO G2. I am also looking forward to both holding their value longer than their E/S/A6/A8/5/7 counterparts as well.
You really need to look at the leases...
No, I don't. Leasing has nothing to do with owning. I drive waaay too many miles to lease, and I keep my cars waaay too long. Leasing works for many - but does not work for me.
You have also said a few times that you are not a stickler for finishes and cutting edge technology
No, that's not what I said. I said the finish in the G2 is close enough to that of a 5 and A6. I also said that Merc finishes are actually rather gaudy in nature and come across as trying too hard just for the sake of doing so. Much like the Equus does. It actually detracts heavily from the appeal.
I also said that good & smart tech is what will help keep the Genesis more affordable - vs. those who throw what is honestly silly tech in simply because they have run out of innovative things to do. Cases in point include fragrances, gestures in the air for phone and volume control, and creep-along garage parking.
Yes, we all have - in one of the 3 previous times you have posted it.
I think I can without question ...that this will be the best selling car in the 70K range. So..I am using it as a litmus test of expectation of finish , technology and customization options
Yeah, it probably will be... partially because of the lane changing (Tesla already does that btw) and partially because of the dashboard tech. The larger part will simply be because of historical heritage, brand recognition and international presence. This is something that not even any other German car company has. I might also add that it is the same reason why Ford also sells the most of any US brand, and has consistently for decades. That still doesn't mean their product is any good.
That being said - expect the G80 to have the lane-change thing and an updated dash display for 2018... or 2019 at the latest. The G90 will probably get it for 19 or 20.
Clearly..the 100K cars have more of all of this...but we are not talking about 100K cars
Well... that was the idea - but a few people kept trying to compare the G2 to the out-of-class A8 - which is a 100k car. That's what started this entire thread and resulted in it scrolling as much as it has.
The other part..mentioned in another thread..is the
Cadillac factor
Cadillac will have about as much of a factor in my future purchases as Audi does: None.
Unfortunately
Cadillac has the stigma of GM all over it - and no amount of rejuvination of the brand will shake that off for many, many years. Hyundai also has this problem thanks to their initial crap entry into the markets with crappy cars. However - they have made a whole lot more headway in the market share after re-inventing themselves about 10 years ago than Caddy has.
I am sure you have seen this
https://www.youtube.com/watch?v=xKjZfSH0uVA
I can frankly see the CTS as a real competitor to the G2
Of course we all have - it's been out for 2 years and was one of the first videos to expose the G2 and give a decent review of it. However - just like the guys said at the end of the video:
"We agree the CTS is the better vehicle, but it is not $17,000 better."
That sums it up right there... and it is EXACTLY what Hyundai wants to hear. You can also hear similar comments of the 5 series, E class and A6. The CTS wants to play in their pricepoint - but still doesn't have the value that the Genesis does. To pour salt on that wound - and set it on fire I might add;
The 2015 Vsport in the video priced out at 72640 and has seen a massive 30000 in depreciation.
That is a downright painful 42% depreciation - which eclipses and far outpaces both the Genesis AND all of the same-class Germans.
Once again - Caddy just cannot get away from the GM stigma and the effect that it has. This factor alone makes that car NOT a competitor, by any means. If you think you are going to take a beating on the resale of a G2 (despite what the market is showing right now) - trying to dump your CTSV is gonna make you feel like a pinata at a quinceanera on Cinco de Mayo.
Sorry pal - but I wouldn't touch that car with a 10 foot pole. Not mine nor yours. Not a chance.
The new CT6 will be at the price of the G90 and I can see it as a viable alternative
It's gonna suffer the same fate. Sorry to say - but it is the truth. Also - the CTSV is already the price of the G90.