Mercedes-Benz G-Wagon Prices Are in FREEFALL: Here's Why and By How Much!
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- Опубліковано 28 лис 2022
- ( www.alltfl.com/) Check out our new spot to find ALL our content, from news to videos and our podcasts! Mercedes-Benz charges a major premium for its G-Wagon, especially with the monstrous 4x4 Squared. Prices have recently been dropping substantially, though: Here's what's going on!
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#mercedes #gwagon #crypto - Авто та транспорт
The problem is that they started selling for triple and quadruple their cost. They might be freefalling, they just are dropping back to their normal resale value rather than the inflated price
Yeah some things are definitely crashing. My neighbor's house has been on the market since July
Not triple lol wtf
@@kalaj2676 -- You clearly weren't watching their price mid 2021
wake me when M113 powered G wagons are also crashing, because those are also fetching 30-40k and I just want a sweet old off roader
@@kbcarroll -
A lot of the G pricing bubble was due to dealers buying them from one-another thinking they were an investment.
Those greedy dealerships MARK UP all the cars that think they are worth money C8 Ford trucks etc. GREAT ! nobody should buy with crazy mark ups
Thanks genius 😂
@@Nahbruhsheesh no ɓ
You didn’t watch the video, did you?
@D R No it's market manipulation.
I drive a used g and love it. It has almost 100k miles on it now and has been extremely reliable. No I don't go mud bogging in it but have been on light trails and deep snow. I love the negative comments from people that don't and have never owned one.
ah...so you have to own something before you can form an opinion...good to know.
I agree with tommy on this one. The g wagon is just a status symbol. The people that buy these don’t know what portal axels are. They don’t know what lockers do. And they definitely don’t take them off roading. It’s just a flex to own one
It’s a flex to own only if you bought it as a flex. The simple truth this is hands down one of the most durable and capable SUVs you can buy.
I do believe only the 6x6 and 4x4 squared have portal axles.
Sad truth
Would love to own Toyota Mega Cruiser with the portal axles.
Do you think Jeff Bezos, Warren Buffett and Elon musk know how their private jets and yachts work 100% in detail ? No they don’t! People don’t need to know the intricate details of our products works in order for them to purchase it they just need the money!
The top tier G-Wagon with portals will probably never drop to $50k unless there’s an absolute economic collapse or that particular Benz was on burnt to a crisp. Even the 90’s base G500’s still go for good money.
One of the best and bullet proof cars i ever had❤💪in 4 years with my 08 g55 amg i spend $3k lol with no issues now and i drove 40k and now its 175k original miles and its like new and very strong 👊💪💪💪💪💪
Honestly those 90s G Wagons were simple, bulletproof, and unstoppable. They're worth every penny.
@@robotcommenter I've been eyeballing early to mid 2000s G Wagons for a while now, if I didn't need three rows that would have been my #1 option when we were buying a new family car.
I would pay $25,000 for any of those G Wagons any day. That’s fair price in my opinion.
Keep dreaming peasant;)
Honestly a land cruiser or lexus lx is real better choice and we know which one gonna last longer
That the price of M.B. G63 AMG 5 year extended warranty😂
A lada niva would be of more value...as a canadian veteran anyone thinks a G wagon is a true off road vehicle lives in a city and wouldn't know a CV joint from a spark plug...the Modified Ford Rangers Afghanistan were given or old land rover gets my vote
@@m.i7100 Not the same buyer...those Toyotas are more comparable to the Mercedes GLS
There are plenty 20 year old G wagens out there and still worth money
For reference...I looked at 2011-2015 G wagen used car values
The lowest priced 2011 G wagen in the country advertised on auto trader on line is a 2011 with 113,000 miles and they are asking $48,500
MRSP in 2011 was $108,000
Not too shabby of resale value for a 11 year old vehicle with over 110,000 miles
All I want is one of those German military surplus G-Wagens.
Same here. And I'd make it Erika as a nod to the German military march of the same name.
Same here, and every once in a while I look at Naples Autohaus and they have them. With the new job :-)....
I was going to post the same thing. A 240GD Wolf is about the only one I'd be interested in. Or if that's not possible one of the first Gen civilion models. The Kardashian special is best left to the type of creature that cares about the Kardashians.
They’re called “Wolfs”
In the UK the manufacturer bumped up the price 18 months or so ago. You could spec one for £150K maxed out, suddenly nearer £200K.
All car prices are going to start coming down. Carvana is in big trouble. And if they have to liquidate their inventory, then it will really start coming down.
Glad I sold to them when I did. I paid $42k for my 2019 Silverado and owed $18k. They paid me $46k despite having a replacement motor and 25,000 miles. Ended up buying an off-lease Benz with low miles from California for under blue book.
They really suck at pricing cars.
I should have gone to carvana
Carvana was always going to be in trouble. Their model was never to buy cars to flip. That is a very small part. Their primary job was attracting sales thru subprime lending and make money off interest.or better yet selling those loans. But most of all, getting vc money and stock growth.
Prices are coming down, I just bought a 2023 BMW X5 sDrive40i MSRP was $68,900 paid only $59,000 plus tax.
I assume that was new. Luxury car prices seem to be coming down. Unfortunately mundane cars like Toyotas are still at MSRP or more.
gôd fir you hybredé
The G-wagon had a $125k market premium on top of the sticker price, which brings it to $250k+.
I bought mine with a 100K dealer premium on it in November. I can see prices falling because of the higher interest rates. But for all high end vehicles.
Most G drivers don't understand or care about the military/off road heritage of Mercedes. So I can see why they'd just sell them off. I have a 2013 G and a 95 military version I'm doing some TLC on. The 95 has portal axles and fantastic angles!! Thanks for doing a balanced segment on the vehicle. Love your videos!
Don't forget it's heavy over 6,000 lbs. So the tax write off! Section 179 deduction.
This special deduction allows you to deduct up to the entire cost of the vehicle in the first year you use it if you are using it primarily for business purposes.
Good point
Not anymore, the rule was modified. Now you can only write $25,000.
Nope, not true. You can write off the full amount in year one, next year it starts to wind down and you can only write off 80% in the first year, then year after 60% etc etc
@@KT-kr9uhif you write off 100% the first year it means it has 0 value second year … it also means you have to pay taxes when you sell it
@@doct101 yea I know, what’s wrong with that?
Saw that same article this morning. You guys need to start looking for one now!
In the U.K., trying to source a new one from stock is not possible. As for a factory order, you might receive it before the next updated model - and look how long that took.
Franchised Mercedes dealer in Scotland, 15-24 months. The salesman did state closer to 24 months for a RHD version and that was for the G400. He smiled and said “G63’s are easier to get, if you are willing to pay a premium”. WTF?
Range Rovers and Defenders are the same - black market deals to be done
Well said fellas. Both are right on with the different perspectives. There’s never one type of buyer.
Thanks!
I think another part is the tax breaks that used to exist for business owners on vehicles over 6k lbs, where they could take 100% depreciation in the first year
(To be clear, I think this increased demand, I don't know if that's substantially contributing to the number coming up for sale)
Great video guys. I think the production numbers play into this as well. If they keep the production numbers artifically low they can mark up as much as they want.
I work in the business 2021 to 2022 model year had 24550 base price increase. A used 21 G that was loaded in 21 was about 180,000 usd now retails with less than 10k miles for about 190-205k.. those were 300,000 when MB halted production temporarily. A new G63 immediately available will fetch 25-50k over the 2022 list of 197-205k MSRP.. buyers that placed orders and waited do not pay any premium with ethical dealers .. the 4x4 squared are 75k over MSRP around the country
I ordered a 2023 G63 loaded at 207k MSRP... from my local MB Dealership. Just came in last week, they are asking 25k over.... sucks to say no to them when I waited almost a year for!
My local dealers upsell them by $75k and $100k respectively. They’re still selling!
You’re missing an important fact. In early spring 2021 MB announced they would no longer produce V8 vehicles due to supply constraints.That caused prices to explode temporarily. They have since resumed normal production, albeit somewhat constrained
So happy these are tanking. Can't wait to pick one up for normal depreciated pricing
Labor rates and prices of parts are never going to go down though. Have fun paying an arm and a leg for service and parts.. but if you can afford it then hey, more power to you
@@FJB74 Yep we have a GLC 350 and its $1750 to replace and recalibrate a windshield at Mercedes dealership. European car prices are insane for repair.
@@drewmorg. good god.
@@drewmorg. Recalibrate the windshield?
Yep, I bought a used Benz when I was younger, found out the cost to repair was ridiculous, dealer or no. I was amused by the on hold recording playing "enjoy free espresso and putting green while you wait for your car to be serviced" until I realized that meant this was gonna be expensive... Even non-dealer people assume you have money and hike their prices and there's instant class envy attitude, people act like you cut them off even if you change lanes a quarter mile ahead of them, this is where I learned that to road rage against someone reveals you have an inferiority complex.
Owning a Mercedes works against you in any negotiation, some women are instantly attracted, revealing they're worthless, it was a nice car, drove like a steel cloud, but for the money, you're going to get more car elsewhere, and I for sure don't trust Mercedes workmanship after the planned obsolescence started being built into it and I saw many nice well cared for cars stalled at the side of the road or in the road the failure was so dramatic and sudden and without warning. Probably because of the wiring harness being sandwiched between two plastic panels until the vibration rubbed through the wires insulation, causing a $50k repair bill in cars 5 years old.
No thanks. I Don't care how low the price is, I'm probably never going to own a Mercedes again, I'm not into the status thing, to me that's idiots revealing how stupid they are to value the envy of others. I would MUCH rather be anonymous in a sleeper car with equivalent luxury.
Why we need the Suzuki Jimny! Affordable similar performance
One of the best and bullet proof cars i ever had❤💪in 4 years with my 08 g55 amg i spend $3k lol with no issues now and i drove 40k and now its 175k original miles and its like new and very strong 👊💪💪💪💪💪
Thank goodness, hopefully they’ll plummet to where I can afford one
Ill never forget when i saw a used $320,000 GWAGON at a dealer in Woodland Hills. This was in 2020... someone bought it nearly a year later...
Supply vs demand determines price. 1606 G Wagons for sale = increased supply which decreases price. Lots of potential reasons for increased supply and/or decreased demand.
There was speculation that the g63 was going to be discontinued hence greedy dealers started hoarding, overpaying for them. Now Mercedes said there going to continue to make the V8 and prices are going down
I traded in a 2017 Mercedes-Benz AMG C63 Cabriolet with 39k miles on it back in June for almost what I paid for it 2.5 years earlier and then watched it sit on the dealer lot while they listed it for $13k more than what they gave me for it. They kept lowering the price and lowering the price until finally in October of 2022 it disappeared from their inventory. They were asking less than what they gave me for it on trade in at that time. Not sure if they sold it or if they sent it to auction but either way, they lost money on that deal. I would love a G-wagon and I would off-road it (I take my 2022 Lexus GX off road all the time) but they are a bit out of my price range.
Thanks for your review,
I also wanted to hear g400d, g350d,
Which are more economical and good for work
g35⁰ disel iver g400 buger hwa er wigh les less mogs
like the unimog , its a off road beast , military spec is the 4x4s2 need to be more basic base off road model , than for rodeo drive and car valet park In a posh ski resort or palm beach
I wouldn’t say falling in value more like living in reality
Vehicle prices have gotten out of control and have been for about 5 years now. Maybe some day the common folk can afford. Modestly priced vehicle without having to pay through the nose on one.
I am not a fan of manufacturers artificially creating a limited inventory and then asking crazy prices. An interesting video would be to analyze the financial cost to manufacturers of building these special vehicles versus the price they ask for them. Can't see Mercedes ever making a lot of G Wagons due to the poor gas mileage. Also as others have mentioned, there is the cost of ownership like maintenance and insurance. I think as interest rates continue to rise the cost of every expensive item will come down to a point where the target customer might again be able to afford the item. I can't see the cost of certain exclusive vehicles ever coming down too much though. Porsche is never going to make many of the GT3 RS or GT2 RS so there will always be enough people who can easily afford those rare models. I am just very glad to NOT be in the market for any vehicle or property at the moment. Yikes!
What inventory isn’t limited artificially or otherwise. I’ve never understood the complaint
Nice review!! But, I think I'll just hang on to my Toyota 4 runner Limited.
was it in danger of rolling when it went up on 3 wheels?
Mercedes managed to set a new record in 2021 with G wagon. with 41,174 vehicles delivered world-wide.
Of this only 8500 were sold in US.
2022 is Ukraine war, soaring fuel, heating food prices in Europe, plus no sales in Russia.
I agree, it’s just a status symbol, many G owners don’t even know how to drive them off road. The Land Cruiser in my opinion beats the G Wagon hands down,
I’d take an LC over a G any day.
The G wagons we see on the streets are built for rappers and pimps.
Slightly more de-speced with some decent wheel/ tires is pretty spectacular
(And I own a LC200)
@@mvubu6823 yes the thousands and thousands of g wagons on the road are ALL owned by pimps and rappers… How about people buy whatever car makes them happy. So many “car” people seems to be so far up their own rear end when it comes to expensive vehicles. It’s truly a bizarre phenomenon.
I own a G63 and I’m not a pimp or a rapper. I also own 3 Wranglers at various levels of build and years. I don’t own an Land Cruisers and I go off-road with all my vehicles.
@@jonathankenton2502 oh calm yourself... It's a figure of speech.
Its a blingy, flash, poser look.
Chrome everywhere, low profile on massive rims, etc.
It's not the functional (and comfy) G wagon it could be.
I have a 2019 m5 comp Bought used 85k 13k miles put 30k down at 2.99 interest rate. I’m still good even if it falls. And I love the car so I’m not concerned about falling prices
Why is no mention being made about paying $5k a year to fuel this beautiful beast!! ???
Not just any street in LA. Olympic Blvd, Wilshire Blvd., Bev Hills and Santa Monica Blvd. These cars are driveway art, meant to impress the neighbors and passersby, even if you’re not rich.
In Southern California & Vegas I've seen these vehicles selling for way more than they're worth, and that was just the other day.
I'll never be able to afford one, but I want one not because of a status symbol, but for what it actually is! A tank!
Now if only the real estate market would crash...
Hopefully these dealers can eat the flooring prices. For all the shady price gouging they did. I know these are still going for 50K over in my neck of the woods So Cal
I’m really hoping for a crash because I’ve really been wanting a 991 S with less than 50k but will not buy until I can find one for less than $65k, 911s are overvalued in my opinion.
911 those sell for north of 90K from the manufacturer. If you get one for 80k with less then 20,000 miles you lucky
911 is a timeless vehicle, there’s no reason for it to decrease in price
@@logancooper348t’s a mass produced car, it gets old and breaks down more (at crazy expense). The older it gets, the worse it gets, that’s why it decreases in price.
lil bro tryna buy a porsche
@@Blue-op6qv Can you buy one? Can you pay cash for it? How much money do you make? I’m guessing not very much considering you used the term “bro”.
TFL should buy the cheapest used G wagon and make some videos with it.
Saying the G Wagon is the most reliable Mercedes in the past 30 years is really not saying anything at all. If i was 100 miles from a mechanic on an off road trail, I would trust a 1998 4Runner with 250,000 miles and a rear locker before I would ever think about a G Wagon. That 4Runner in good shape probably will cost you around $6,000.
Cap
just tell us ur poor buddy😂😂😂😂
Back in 2021 I was pimping my hose for $500 an hour ,now I can only get $300 an hour! It's not just the car business it's hurting, it's hard out here for a pimp.
I just recently experienced the same „shit“ with a Chevrolet Corvette, V8. The dealer in California told me, that I would have to wait for 2 to 3 years to get one and he was asking for MRSP + 50‘000 extra!!! Good when you don’t need or want to buy a new car now…
Great discussion! I like the idea that Roman is joining with Autoline. Get together with other channels and have a debate!!!! Alex, Mark, Tim,.......
What would be amazing is even after the price cut: people don't buy from these dealers who had ridiculous markups. But thr public forgets real fast and wants instant gratification.
I was mad at my dealer about a mark up, but then he told me 'we can get financing for anyone, even YOU!" I love my dealer.
They have a huge tax right off too which was an even bigger driving factor in sales.
Hopefully all of these crazily-price electric vehicles/trucks come down in price too..
The problem with the G-wagon is, is that they are not only expensive to buy but also expensive to maintain.
Also they are a lot less reliable than you would think.
I have not had this experience. Go to look at part prices and you will find them very affordable.
deferred maintenance is expensive; otherwise a very reliable vehicle even when used off-road (as it was intended)
This guy doesn’t own a g wagon lol, it’s not that expensive to maintain if you can afford one
Priced out of the enthusiast market, a shame with all the capability they only see mall parking lots. I love Whistlin Diesel's videos on this.
992 GT3 is one of the only sports/super cars that's consistently still way over sticker. It's holding value better than almost everything
No. 4Runner TRD PRo.
For now. The 911s will tumble soon. Porsches have been WAY overvalued for years and the market is readjusting.
@@americansmark market values simplicity & reliability over beauty & complexity.
Not true Ferrari f8 as well
Agree, 911s are way over priced and there are a lot of them for sale
Great video!
I'd LOVE to get one
I wouldn't even mind the old gen
Heck, I'd take one off the Canadian armed forces if I could!
Canadian armed forces use covered wagons not G-Wagons.
My name is Shakah , I live in Los Angeles and South Florida and Both of you guys are correct about the Gwagon , I believe the underline issue or should I say good issue is that these newer vehicles(SUVs) are looking better, have the same Lux features and if someone is a serious off roader the G is NOT on the list in America .
I’ve owned 5 RANGE Rovers 89-2016 ….NEVER AGAIN !!! I’m going Raptor or Tundra ….or when things cool down and reset -ELECTRIC PICK UP 😎
buy tuñdrà hybder
the 2008 09 gl550 are about to go up in price they are solid trucks also!!!
DAD!!! Please stop saying "Right" every 3 seconds! Haha Love the show.
How i wish Mercedes would get off their high horses and sell the basic version at a reasonable price, like in Europe.. We don't need the AMG craziness, the base model is fine as it is!
Range Rover prices are also in the dumps rn. Lost 20k in value when the new ones started to get delivered
Glad to see prices coming down. was looking at G63 but mark uos were crazy. I still had to pay $15K over MSRP to get a Jeep Rubicon 392, but it is much more affordable than a G63.
Its not really a crash. Its a correction. Prices on many things have been way over inflated. Partially due to Pandemic, shortages, hording, and price gouging.
Great job guys 👏👏👏.....
All the high end watches are tanking also.
This is great some of us commoners will be able to get some of these vehicles that have been priced out of our range
loved the three requisites to iconic:
1. functional.... do what it says it will and do it WELL
2. reliable.... can't be respected for generations if it won't last generations
3. FUN.... smile-inducing inside and out
I guess that's why the older models are classic vehicles opposed to the news ones.
Still my dream too and for the same reasons . It will go off-road to some extend . My old Touareg will still take the biggest beating though.
Are you all going to do an update about the 2022-2023 G63 4x4e2 complete recalls?
We need pick up trucks to come down with the prices for sure something that we all need for vehicles like this it’s nice to have but they’re not exactly my style
The higher interest rates should drive down prices, plus a recession.
How about the regular Corvette or the Z06?
hybred çorvette
I can’t wait to build my overland g wagon (off road is what they need to do) 🤙🤙🤙🤙 let’s get those prices to bottom baby!!
It's about time the overinflated car market bubble got popped!
Most luxury cars are overvalued with their MSRP, so it's just reasonable to have huge depreciation for used luxury cars, especially as demand falls off the cliff for many of these models. Unless a Corvette SUV is coming out by 2024, I'm definitely looking to get a preowned Lambo Urus for below/around $100K or perhaps a used Audi RS Q8 for even a lot less.
I loved my W163/ML500 sport, and maybe get a G63 at some point. Great as all around cars. I don't know anyone selling theirs anytime soon.
My pal was a car dealer in the 80s he used to buy these G-WAGONS REALLY CHEAP AS NO DEALERS WOULD TOUCH THEM AS SOON AS SOME SO CALLED CELEBRITIES STARTED DRIVING ABOUT IN THEM THE PRICE WENT THROUGH THE ROOF AMAZING HOW THINGS COME FULL CIRCLE
I totally disagree. As a highline car dealer and lessor, I first bought a G wagon (Gelandewagen) in 2002 and have driven many since. I would personally NEVER buy one and never chose to drive one even though I usually could. Functionally, the vehicle is extremely limited. What good is it? Other than offroad, it's only a status symbol. It is not ergonomic or comfortable, either in the driver's seat or the rear seats. It has a terrible turning radius, a short wheelbase, and a high center of gravity so it's not nimble and has a lousy ride. At highway speed it's like a giant shoebox going down the road with high wind / road noise and awful fuel economy. Its origin is from the 70s as a military vehicle built by Steyr-Daimler-Puch in Austria. When military use was discontinued a marketer in Stuttgart had an idea to keep the factory going: let's give it a leather interior some lux car amenities, put an MB star on the hood and sell it to Americans. It worked!
I agree, I test drove one in 2012, back when a G63 was "only"120K and you could get a discount. After 10 minutes behind the wheel, I knew it would be a horrible vehicle for every day use. Felt unstable at 80 mph, crap gas mileage and as you stated not really comfortable, yeah the doors sound awesome when they are shut and the thing is built like a vault.
What's funny is that it's supposed to be the ultimate utility vehicle , but it come with 21 inch wheels and low profile street tires.
Went to my local Mercedes dealership and show this video and the sales manager thought I was crazy!😮
Correction - if you borrowed at adjustable rates then you would pay a lot more - fixed rates from last year is another story
A G wagon with 53,000 miles just sold here locally in Idaho for 79K.
What year?
Sticker prices are ridiculous as they are. Let alone the over MSRP mark up gouging.
I was also waiting for the 2018 4by4 square to come down on price but it did the opposite!!!
Here in Southern California dirt bikes and dual sports are way over priced used. Bikes are going more than a new one. especially if you can find a dirtbike with a California plate on it.
thats cuz commiefornia banned most new bikes from ohv
I live in Silicon Valley, and can confidently say another segment of the G-Wagon market is wealthy, middle-aged women who like big SUVs. From what I see out the streets anyway, that even seems like the largest segment--at least around here.
The engine trans 3 lockers and portal axles, all that is great, but i would not want it wrapped in thin wall rectangle box... If someone ask me to choose in between this and the Touareg you use to have if it would be the one with 3 lockers, i would totally choose the Touareg
‘’if someone asked me to pick between a corolla or bugatti id still pick my corolla” 😂😂 save some girls for the rest of us u baller
I doubt G Wagon actual sale prices will be falling. Vehicle is on too high demand.
Got my 2018 G63 in 2017. alien green.
Love the Behemoth...
The Price is too high. Good to know that folks are loosing money on their grift!
Loosing so much money. Lol
I’m happy with my new X3, no complaints from me!
I bought my 2021 2-Door Manual Transmission Bronco for $30,555. I'm good. No G-Wagon for me. And I bet I get more attention from my vehicle than this one (from just average people).
Interesting take on the suggested three aspects of "Iconic Vehicles":
1. Does what it says its going to do.
2. Reliable.
3. Fun.
My take version of this:
1. 2-doors, not 4.
2. Fun.
Literally every 2-door vehicle that is also fun is iconic. Reliability and its performance at the Taco Bell drive through are "nice to have", not must haves. Look it up man.
lmfao no one in the world would take ur base model sh1tbox ford over a G63 😂😂😂 ford and reliable😂😂😂😂😂
Before this video I would have guessed they sold new for just over $100k. By the title I was guessing you could buy a newer used one for $40k.
I just got rid of an Audi Q7 because the warranty just expired and there is no way I’m going to pay for their repairs. Brake jobs are $1,500. It costs over $1,000 to replace the battery. After just 7 years the leather was starting to crack. So what are you paying for? We traded it in and got $26k and bought a baby bronco and are very happy with it. I doubt I would have bought one of these Mercedes if they were selling at $40k
lmfao just tell us ur poor already 😂😂😂
A current model year vehicle can never be considered an investment. Conventional wisdom dictates that vehicles don't appreciate until they are 30 years old, and they must be rare and unique.
Mercedes announced that they were going to stop production on the G class by 2020 and that pushed the prices up on top of the chip shortage / c*vid car taxes and dealer mark ups. Then mercedes said they will continue making the G class till 2024 causing prices to come down as 2022 models were no longer “the last ones” to be made. When they call off the G lass again the ‘last models’ will shoot up in prices. Imo
I own a 2015 Nissan 'G'. Xterra PRO-4X; paid $30K new for it. It goes off-road too...
buy nissan eltric sív vañ 300 mioe rañfe
Like comparing a altima to a bugatti😂🥴
Hey Tommy what vehicles do you think might go up in price ? I’m hearing the hellcat will be going up in price since 2023 will be the last year for the hemi. It’s the new rumor ? ? 👍
I’ll buy one when I can get a decent one at 40