How much is a 2020 Mercedes GLE 450 worth?
A 2020 Mercedes-Benz GLE GLE 450 4MATIC Sport Utility 4D has depreciated $25,178 or 45% in the last 3 years and has a current resale value of $29,706 and trade-in value of $26,671. A Mercedes-Benz GLE 350 will depreciate 53% after 5 years and have a 5 year resale value of $30,569. The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $64,875 when new.Audi is a better automaker for those who want to save some money without compromising on features, safety or performance. Audi is highly competitive in the luxury small car and luxury electric SUV classes. Mercedes sets the bar high when it comes to interior luxury.Winner: Both brands have high-quality engineering, but Mercedes-Benz is often seen as slightly more durable and consistent over the long term, particularly in non-performance models.Depreciation. Due to the faster depreciation rate of luxury cars, buying a used Mercedes can be more attractive than you think. The value of a Mercedes will see the biggest hit within the first 5 years of its life, this makes the initial purchase price less of a concern if you are looking at a vehicle 5+ years old.
Is the Mercedes GLE 450 expensive to maintain?
A Mercedes-Benz GLE 450 will cost about $15,388 for maintenance and repairs during its first 10 years of service. This is more than the industry average for luxury SUV models by $2,894. There is also a 44. GLE 450 will require a major repair during that time. A Mercedes-Benz GLS 450 will cost about $15,700 for maintenance and repairs during its first 10 years of service. This is more than the industry average for luxury SUV models by $3,206. There is also a 44. GLS 450 will require a major repair during that time.The average cost for a Mercedes-Benz GL450 Oil Change is between $194 and $230. Labor costs are estimated between $61 and $90 while parts are priced between $133 and $141.On average, BMW maintenance costs range from $1,200 to $2,500 annually, while Mercedes-Benz maintenance costs typically fall between $1,000 and $2,000.The probability of a repair being a severe or major issue is 20% for the Mercedes-Benz GL450, compared to an average of 19% for luxury fullsize SUVs and 12% for all vehicle models. The average total annual cost for unscheduled repairs and maintenance across all model years of a vehicle.
Does the 2020 GLE have good resale value?
A 2020 Mercedes-Benz GLE has depreciated $22,049 or 45% in the last 3 years and has a current resale value of $25,950 and trade-in value of $22,724. The 2020 Mercedes-Benz GLE is in the 25-75% percentile for depreciation among all 2020 SUVs. Mercedes-Benz SUVs are iconic for their luxury, advanced features, and driving performance. However, some models, including the 2016 – 2017 Mercedes Benz GLE, the 2013 – 2016 Mercedes GLS, and the 2002 – 2015 Mercedes G Wagon, are more prone to reliability issues.Mercedes-Benz is recalling 11 model-year 2020 GLE350 and GLE450 4Matic SUVs due to issues with the airbag module. In the event of a crash, while the temperature in the passenger cabin is very high, the passenger front airbag deployment may be delayed or may not completely deploy, increasing the risk of an injury.