Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 MERCEDES-BENZ GLE's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2020 MERCEDES-BENZ GLE in 2020 was $66,025.
The average price for used 2020 MERCEDES-BENZ GLE nowadays in 2024 is $39,837 which is 60% from the original price.
Estimated mileage driven per year is 11,333 miles.
The graph below is a depreciation curve for 2020 MERCEDES-BENZ GLE. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2020 MERCEDES-BENZ GLE in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $66,025 | — | — | 100% | 0% |
| 2020 | 11,333 mi | $68,998 | −$2,973 | −4.5% | 104.5% | -4.5% |
| 2021 | 22,666 mi | $67,983 | +$1,015 | +1.47% | 102.97% | -2.97% |
| 2022 | 33,999 mi | $52,900 | +$15,083 | +22.19% | 80.12% | 19.88% |
| 2023 | 45,332 mi | $49,893 | +$3,007 | +5.68% | 75.57% | 24.43% |
| 2024 | 56,665 mi | $39,837 | +$10,056 | +20.16% | 60.34% | 39.66% |
| 2025 | 67,998 mi | $43,500 | −$3,663 | −9.19% | 65.88% | 34.12% |
| 2026 | 79,331 mi | $27,982 | +$15,518 | +35.67% | 42.38% | 57.62% |
| 2027 | 90,664 mi | $23,990 | +$3,992 | +14.27% | 36.33% | 63.67% |
| 2028 | 101,997 mi | $19,995 | +$3,995 | +16.65% | 30.28% | 69.72% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the MERCEDES-BENZ GLE’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2020 MERCEDES-BENZ GLE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 MERCEDES-BENZ GLE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 10,000 mi | $49,900 | 27 sales |
| 15,000 mi | $48,888 | 71 sales |
| 20,000 mi | $48,777 | 131 sales |
| 25,000 mi | $46,968 | 196 sales |
| 30,000 mi | $46,958 | 275 sales |
| 35,000 mi | $45,000 | 300 sales |
| 40,000 mi | $44,700 | 293 sales |
| 45,000 mi | $42,899 | 247 sales |
| 50,000 mi | $40,675 | 191 sales |
| 55,000 mi | $38,998 | 139 sales |
| 60,000 mi | $38,875 | 127 sales |
| 65,000 mi | $37,499 | 69 sales |
| 70,000 mi | $36,995 | 63 sales |
| 75,000 mi | $37,000 | 35 sales |
| 80,000 mi | $33,451 | 17 sales |
| 85,000 mi | $33,988 | 15 sales |
| 90,000 mi | $34,486 | 10 sales |
Frequently asked questions
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Other years of MERCEDES-BENZ GLE
2017 MERCEDES-BENZ GLE
$23,990 average used price
13,300+ sales records
2018 MERCEDES-BENZ GLE
$27,982 average used price
20,200+ sales records
2019 MERCEDES-BENZ GLE
$43,500 average used price
7,600+ sales records
2021 MERCEDES-BENZ GLE
$49,893 average used price
11,600+ sales records
2023 MERCEDES-BENZ GLE
$67,983 average used price
1,100+ sales records
2024 MERCEDES-BENZ GLE
$68,998 average used price
990+ sales records
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