exigeracer
Doug, now after the masive failure of the Phaeton, the depreciation has hit like a bag of hammers. What are the values now compared to other similarly aged and equipped cars? I'm sure the Phaeton is looking like more of a bargain than ever.
(A little off topic, I have been to Michigan in the winter, it's pretty pathetic)
Fair point - I was quite interested to find out myself, so I did a bit of research on AutoTrader and came up with the following statistics:
Vehicles are listed with their as-new price, and AutoTrader's average price, plus percentage of retained value.
2004 Lexus LS430: $55400/$45800 (82.7% retained)
2004 BMW 745i: $69300/$53700 (77.5% retained)
2004 Audi A8L: $68500/$49700 (72.6% retained)
2004 Mercedes S430 [RWD]: $74300/$50600 (68.1% retained)
2004 Volkswagen Phaeton V8: $64600/$43400 (67.2% retained)
2004 Infiniti Q45: $52400/$33900 (64.7% retained)
As for the twelve-cylinder models:
2004 BMW 760Li: $117200/$79700 (68.0% retained)
2004 Volkswagen Phaeton W12: $94600/$57900 (61.2% retained)
2004 Mercedes S600: $122900/$72100 (58.7% retained)
So it's pretty clear the Phaeton has depreciated pretty quickly compared to the rest of the V8 pack - its depreciation is worsted only by the Infiniti Q45, which is barely even a luxury sedan and didn't sell at all, and is just worse than the S430, which was a) just replaced, b) overpriced to begin with, and c) four years old in 2004 compared to the Phaeton, which was brand new. Phaeton has done a bit better than the S600 in 12-cylinder models, but the same things apply as above and do note that the S600 is still $15000 more expensive overall. Alas though $43400 and $57900 are no "bargain," it's a relative one, and the Phaeton will indeed be a bargain in a few years.