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Old 09-24-2010, 03:43 PM   #1
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Should I Sell My Car?

Hello, new to the forum. Apologies if this sort of thread is not allowed or in the wrong section.

I have a 97 Mercedes C36 AMG.
I just got my license, had saved up some money; and not going to lie, had funds from family. I hadn't done much research on what kind of car I really needed/wanted and honestly, bought it on impulse from a small dealership.
I did not get it checked by a mechanic, and lo and behold it had a plethora of problems.
Anywho, after spending over 5 grand I got it to full functioning order. And of course, me being a wonderfully good driver I got into a minor parking accident that knocked off my front bumper, which thanks to my car's rarity cost over 1g to replace.

Okay, so I've spent almost 18g on this car. I know if I tried to sell it, Id get at best 10g, less with the damage I've done to it. Thing is, now that I've lived with it, I definitely know I do NOT want a premium gas using lux car that costs thousands to fix.

My question is: Would it be best to cut my losses and sell the car before it bleeds me even further? Or to hang onto it seeing as I've spent so much to get it running?

THANKS.

Notes:
I don't drive it as a daily commuter. I use it on weekends and for errands such as groceries.
Also, the radio is locked. Merc Dealerships and the dealership I got it from claim they have no way of obtaining the radio code. Any ideas?
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Old 09-24-2010, 03:49 PM   #2
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sell it . cut your losts.
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Old 09-24-2010, 03:52 PM   #3
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You sound like you have a decent head on your shoulders so I hope you don't get ripped apart here like S500 vs 745li guy.

Your best bet would be to cut your losses. Buy something reliable. Cheap to run and fix. Save up some cash for more important things in your life right now like education or buying a place.

If I had to do it all over again, that's how I would have managed my money. Your mielage may vary.

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Old 09-24-2010, 03:54 PM   #4
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I would have sold if i were in your shoes. It's too expensive of a car to own if you're young.

And +1 for being honest. Too many people with too much ego nowadays
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Old 09-24-2010, 03:57 PM   #5
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Although it's a hard decision, I would sell it and cut your losses. In addition to saving on gas and maintenance, you also want to have a car that you like and are excited about driving, not one where you worry more about the next thing that will fail.
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Old 09-24-2010, 04:00 PM   #6
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shitty deals, i would at least hold on to it for a bit till the sting of all the repair bills wears off. Hopefully nothing else will go wrong with it and you can make a more objective decision in a few weeks/months.
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Old 09-24-2010, 04:01 PM   #7
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Quote:
Originally Posted by whynot22 View Post
bought it on impulse from a small dealership
Too many have made this mistake.

Cut your losses. Find the weasel who sold you this POS (and full well knew it), put his smoke out in his greasy hair and move on.

Sorry to hear OP.
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Old 09-24-2010, 04:20 PM   #8
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You are an honest person and like mentioned seem to have a decent head on your shoulders. Good on you.

You don't seem too attached to the car so I would sell it. Those Merc's definitely aren't cheap to fix, like it's been mentioned sell it for what you can and get something.

You can get a $5000 that's in really awesome condition and then still have money left over to put away/use as you please.
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Old 09-24-2010, 04:32 PM   #9
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Go with used Japanese cars. Good on budget, easy to maintain. Like you said, it's just a commuter for getting groceries and such, so you don't really need a fancy luxury car.
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Old 09-24-2010, 07:21 PM   #10
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Quote:
Originally Posted by whynot22 View Post
Hello, new to the forum. Apologies if this sort of thread is not allowed or in the wrong section.

I have a 97 Mercedes C36 AMG.
I just got my license, had saved up some money; and not going to lie, had funds from family. I hadn't done much research on what kind of car I really needed/wanted and honestly, bought it on impulse from a small dealership.
I did not get it checked by a mechanic, and lo and behold it had a plethora of problems.
Anywho, after spending over 5 grand I got it to full functioning order. And of course, me being a wonderfully good driver I got into a minor parking accident that knocked off my front bumper, which thanks to my car's rarity cost over 1g to replace.

Okay, so I've spent almost 18g on this car. I know if I tried to sell it, Id get at best 10g, less with the damage I've done to it. Thing is, now that I've lived with it, I definitely know I do NOT want a premium gas using lux car that costs thousands to fix.

My question is: Would it be best to cut my losses and sell the car before it bleeds me even further? Or to hang onto it seeing as I've spent so much to get it running?

THANKS.

Notes:
I don't drive it as a daily commuter. I use it on weekends and for errands such as groceries.
Also, the radio is locked. Merc Dealerships and the dealership I got it from claim they have no way of obtaining the radio code. Any ideas?
Hahaha I own exactly the same car.

There are a few pointers for you.

In 2 years your car will be eligible for collector's insurance status...with the number of C36s imported into Canada (with the Canadian spec DRL and extra high rideheight) you will most likely be able to get yourself a collector's plate insurance (which is only apprximately 250 a year), which will allow you to drive the car for pleasure any time of the day.

But in order to do that you will need
1) another car that's insured in a regular way
2) the C36 being entirely stock and not modified, but your stereo is not required to be working. If you want an OEM stereo you can easily pick one up from the local Mercedes junkyard.....any model W202 C class head unit will do, given there's a way to get a radio key off it.

Of all the C36s I spot out there would your car be...
1) silver with some really weird eBay tail lights
2) black one that's always outside Foot Spot in Richmond
or 3) a completely stock gunmetal one?

Unlike what everyone is saying above, my suggestion is to keep it. For 18k you aren't ever going to get something nearly as good to drive anyway. Your bumper can be easily remedied with a eBay fiberglass AMG replica, and no one will be any wiser.

Coz if you think about it, after you fixed that "plethora of problems" do you feel like it's going to break down on you again really soon? I would think not because W202 are really simple and well engineered machines imo and if you have already dropped the coins to fix the mechanical problems you'll be enjoying a lot of happy miles from here on. Your engine has the same base as a C280 (cheap parts) and your transmission is ripped out of a SL600 (so it'll likely not die in another 30 years with the hamster of an engine you have there compared to the SL600) and then you have SL series brakes....it's a very unique situation where you can do most maintenance or even repairs on this AMG model with regular Mercedes parts...

I can drive my C36 into the dealership tomorrow and they'd report it's problem free, I haven't fixed anything on it since the MAF that was fouled when I first picked up the car in 2005, and perhaps a few wear and tear items.....They are just that well engineered. My car is already at 167xxxkm and I wouldn't sell it for anything under a 10k. Even though, like you said, 8k is probably as good as anyone can manage.

Anyway give us more details as to what you NEED to deal with now and see if we can point you somewhere that will keep your car happy and kosher for cheaper than dealership - although a dealership oil change with 8L of full synthetic+filter is $85 or something I wouldn't take it anywhere else myself, but I can help you out where you can to save money on things you might be needing immediately on the car.

The sad fact is, unlike a 190E 2.5-16 Cosworth, the C36 doesn't have the legendary status, but it is a classic in its own right (it's the first ever AMG model sold under the Mercedes moniker, hell it's faster than a 190E by a whole lot too) so if you are trying to keep a car for its beauty or just for hobby it's not a bad idea. If you go on the freeway the car will happily do 7.6L/100km too, which is exceptionally good for a 280bhp car.

If you need a daily commute car (which I assume you aren't looking into it) then yes of course a 90s lil Japanese econobox will be cheap to buy and own....But if you have a place to keep the W202, then you might as well keep it. It's just going to get more rare as time goes on.

Actually Mercedes replied to me that the official figures of 1997 C36s imported into Canada is 51. Now you know you own a car that's a lot more rare than a lot of rich people's Ferraris LOL.

Give me a PM and we can chill and talk about our Mercs over some bubble tea or something. Cheers.
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Old 09-24-2010, 08:17 PM   #11
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u already spent so much on it! u should just keep it and enjoy
or u can cut ur losses and get something else....
it really is a dilemma but with 18g's invested already id just keep it unless u really dont wanna spend another dollar on this car
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Old 09-24-2010, 08:23 PM   #12
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if you can fathom enjoying this car on any level after this ordeal you've been through, keep the car. if not, sell it, cut your losses and move on (as most people have already suggested). best of luck to you for whichever direction you choose to go.
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Old 09-24-2010, 08:45 PM   #13
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real question is can you afford to live with it?

1) Yes, keep car
2) Yes but I hate this car now keep it for 2 years and sell it to someone using the Collectors plate thing to get better price
3) No, sell car
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Old 09-24-2010, 09:13 PM   #14
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If i were you, I would do a bit more research into the car and find out exactly where I am with the maintenance and upkeep. If everything is in good shape and doesn't have any big expenditures in the next year or two. I'd say keep it. But, if estimated yearly maintenance and repairs are expected to be +2000 each year, It would probably be better to lease a new car. for example, sticking with mercedes, 2011 c250 with 10,000 down (roughly what your car is worth) as trade in is $220 a month according to the mercedes benz canada website.
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Old 09-24-2010, 09:14 PM   #15
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Quote:
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real question is can you afford to live with it?

1) Yes, keep car
2) Yes but I hate this car now
3) No, sell car
What do you suggest that he does if his answer is "2"?

Ya leasing a more modern and cheaper Mercedes is probably not a bad idea, except the fact that you are going to go straight to the bottom of the pile for luxury and performance....Your car as it stands is at least equivalent to a C350 in every measurable way. Though a W204 is not a bad choice at all for commute and looking good either.
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Old 09-24-2010, 09:20 PM   #16
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^fixed

I would say get a japanese car something 2000 for the more update interior
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Old 09-24-2010, 09:27 PM   #17
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^ But to sell the car at any reasonable value NOW is going to be harder than ever....you are just between a rock and a hard place at this time.... 2 years later a little easier, 5 years ago probably easier too before the big economy crash....
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Old 09-24-2010, 10:56 PM   #18
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The thing u have missed is the fact that the 18k u put into the car is a sunk cost. U r not gonna recover it. Therefore it should not influence ur decision of whether to sell or keep. U simply have to compare ur cash flow of the 2 scenarios. Sell: money u sell for minus cost of new car plus future maintenance cost. Keep: future maintenance cost. Very simple.
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Old 09-24-2010, 11:40 PM   #19
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Keep it even if you hate it. You have already put lots of money into it and fixed all the problems and it will get you from point a to point b.

My first car was a hand me down Chevy Beretta and it wasn't that great but many good times were had with it.
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Old 09-24-2010, 11:48 PM   #20
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sell it, get a honda
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Old 09-25-2010, 02:04 AM   #21
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Thanks so much for all the input everyone, did not expect so many replies so quickly.

Quote:
Originally Posted by hk20000 View Post
Hahaha I own exactly the same car.

There are a few pointers for you.

In 2 years your car will be eligible for collector's insurance status...with the number of C36s imported into Canada (with the Canadian spec DRL and extra high rideheight) you will most likely be able to get yourself a collector's plate insurance (which is only apprximately 250 a year), which will allow you to drive the car for pleasure any time of the day.

But in order to do that you will need
1) another car that's insured in a regular way
2) the C36 being entirely stock and not modified, but your stereo is not required to be working. If you want an OEM stereo you can easily pick one up from the local Mercedes junkyard.....any model W202 C class head unit will do, given there's a way to get a radio key off it.

Of all the C36s I spot out there would your car be...
1) silver with some really weird eBay tail lights
2) black one that's always outside Foot Spot in Richmond
or 3) a completely stock gunmetal one?

Unlike what everyone is saying above, my suggestion is to keep it. For 18k you aren't ever going to get something nearly as good to drive anyway. Your bumper can be easily remedied with a eBay fiberglass AMG replica, and no one will be any wiser.

Coz if you think about it, after you fixed that "plethora of problems" do you feel like it's going to break down on you again really soon? I would think not because W202 are really simple and well engineered machines imo and if you have already dropped the coins to fix the mechanical problems you'll be enjoying a lot of happy miles from here on. Your engine has the same base as a C280 (cheap parts) and your transmission is ripped out of a SL600 (so it'll likely not die in another 30 years with the hamster of an engine you have there compared to the SL600) and then you have SL series brakes....it's a very unique situation where you can do most maintenance or even repairs on this AMG model with regular Mercedes parts...

I can drive my C36 into the dealership tomorrow and they'd report it's problem free, I haven't fixed anything on it since the MAF that was fouled when I first picked up the car in 2005, and perhaps a few wear and tear items.....They are just that well engineered. My car is already at 167xxxkm and I wouldn't sell it for anything under a 10k. Even though, like you said, 8k is probably as good as anyone can manage.

Anyway give us more details as to what you NEED to deal with now and see if we can point you somewhere that will keep your car happy and kosher for cheaper than dealership - although a dealership oil change with 8L of full synthetic+filter is $85 or something I wouldn't take it anywhere else myself, but I can help you out where you can to save money on things you might be needing immediately on the car.

The sad fact is, unlike a 190E 2.5-16 Cosworth, the C36 doesn't have the legendary status, but it is a classic in its own right (it's the first ever AMG model sold under the Mercedes moniker, hell it's faster than a 190E by a whole lot too) so if you are trying to keep a car for its beauty or just for hobby it's not a bad idea. If you go on the freeway the car will happily do 7.6L/100km too, which is exceptionally good for a 280bhp car.

If you need a daily commute car (which I assume you aren't looking into it) then yes of course a 90s lil Japanese econobox will be cheap to buy and own....But if you have a place to keep the W202, then you might as well keep it. It's just going to get more rare as time goes on.

Actually Mercedes replied to me that the official figures of 1997 C36s imported into Canada is 51. Now you know you own a car that's a lot more rare than a lot of rich people's Ferraris LOL.

Give me a PM and we can chill and talk about our Mercs over some bubble tea or something. Cheers.
Wow, thanks, that's a lot of information. I knew my car was rare, but I didn't realize it was thaaat rare. Mine is not the one with weird lights. It's silver, and no exterior mods that I know of. Huhn, I had no idea a car this young could qualify as collector, but I doubt I could do that, the previous owner put in aftermarket suspension and air filter (i promptly replaced them with normal ones).

Hmm, if I can "collector" it, I'm still not certain whether to hold onto it. The reality is, if I _need_ a car, I'm certain my mother would lend me her minivan.

And a really lame aside, but I regret how conspicuous a Merc is. Like, I think this is one of the handsomest cars out there. It's got the box shape I like and it's just shaped like what a car ought to in my mind. HOWEVER, it's a Mercedes, the very name is associated with luxury. I know I shouldnt care what others think, but it definitely paints me as a bit of a douche. It's not exactly understated.
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Old 09-25-2010, 02:15 AM   #22
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For the collector's status, keep in mind that you only get the discounted collectors insurance if you already have another vehicle insured under your name, which means more $ as well, even if you have base insurance.
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Old 09-25-2010, 09:49 AM   #23
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tough tought...

if you feel the car is nothing but fixing all the time, i would sell it.. im sure there are lots of merc fans out there..

if you like the car, you should keep it...
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Old 09-25-2010, 10:19 AM   #24
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sell it, get a honda
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Old 09-25-2010, 01:33 PM   #25
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keep it, have fun with it!
it'll be expensive, but you knew that buying a mercedes.
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