Here’s something that might surprise you: if you want a luxury SUV and you want it to keep its value over the long term, you will probably want a Mercedes-Benz G-Class. Yes, the G-Class, the boxy high-end Mercedes, is the luxury SUV of choice if you want your SUV to be worth something in a while.
Here’s what I mean. Back in 2002, a brand-new Land Rover Range Rover started around $69,000. A new G500 started from $73,500. Both vehicles had few options, so they were relatively close in price.
These days, things have changed considerably. Right now on Autotrader, it’s highly common to see a 2002 Range Rover listed for around $6,000, although many are cheaper than that — closer to $3,000. Meanwhile, a 2002 Mercedes-Benz G500 is a $25,000 to $35,000 vehicle — meaning it’s worth five to ten times more than a Range Rover of the same vintage.
Generally speaking, this holds true for most years of the G-Wagen — it’s a lot more valuable on the used market than same-year Range Rover models. This is primarily due to perceived reliability — Range Rovers are known to be troublesome — but also due to the G-Wagen’s immense capabilities, as off-roader SUVs tend to depreciate less than normal SUVs, since they’re desirable for their off-the-pavement prowess even as they age.
More importantly, the same holds true with the G-Wagen compared to other SUVs. The average asking price on Autotrader for a 2007 G-Wagen is over $50,000. Another popular used SUV, the Toyota Land Cruiser started around $57,000 back in 2007 — and even though the Land Cruiser is known for holding its value, used 2007 Land Cruiser models listed on Autotrader seem to be just under $20,000, or maybe a little over. The G wins again — even against vehicles known for low depreciation.
Yes, surely, the G-Wagen is pricey to maintain — it’s a Mercedes-Benz, after all. But the simple truth is that the G-Wagen is shockingly good on depreciation, meaning it might be a good luxury SUV to buy if you don’t want to lose a lot of value during your ownership. Find a Mercedes-Benz G-Class for sale
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