2022 Mercedes-AMG SL63 — Thoughts on Lemon Law Buybacks?

Ask the Hackrs Used Cars
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21

Yeah, that’s exactly where I’m leaning now — M4 convertible, not the branded title car.

Depreciation on the M4 vert actually looks pretty solid to me, especially compared to something like an SL63 AMG. I’m thinking I can grab a 2024 with ~10k miles in the low $70s, enjoy it for 3 years, and be out maybe $20–25k. Versus like $40–45k loss on the SL63 according to AI :sweat_smile:

Of course the SL63 is in a different league, but for me this will be my “starter” luxury performance convertible. I’d rather have lower depreciation, fewer potential headaches, and still have a fun, roof-down weekend car.

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22

You’re right, I’ve seen some of those cars in the 70s too, but I was mainly focusing on ones with 10k miles or less.

I’m guessing the closer those 2022 buyback cars get to the end of their factory warranty, the cheaper they’ll go. The part I’m not sure about is whether you can even get a decent extended warranty on a Lemon Law car. And honestly, I wouldn’t touch one without some kind of warranty, especially with all the 2022 SL63 technical headaches people have been reporting.

Thoughts on the extended warranty?

23

My wife DD an e93 (convertible) M3 for 2 years and it was awesome. For what you have described you are making a great choice.

24

I am in a similar shoe but instead looking for cpo SL. Does anyone know the cost on extending the 1 year cpo warranty with the 2 additional year extend warranty?

25

If I recall when I was looking at a few years ago and went to the forums, the majority of the buybacks were due to 12v phantom drain.

26

Have you considered a 911?

27

Good to know! You have to rely on the selling dealer to disclose those to a buyer though, right? Or is there a better way?

28

If you are looking for pricing, you can get a retail quote directly from the MBUSA website-

Here is what I get on a random 22 SL63 VIN:

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Can suggest a dealership contact who can quote at maximum discount.

29

If you can’t afford the extra $15,000 you can’t afford this car

30

Honestly, not really. I know the 911 is probably the best driver’s car in this class, but I’m just not a fan of the design, and the price doesn’t quite make sense to me for what it offers.

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31

I wouldn’t touch the r232 with my enemy’s money. Reason why no one buying or selling them. Unless you can get one in the 50s, I would.

I’d look the AMG GT, M8, 911, R8 etc.

32

It’s almost as if I wrote this post. I have been watching this market for the last few months as well and have the same feelings about a 2022 lemon buyback..

I did a little digging into it and it seems like the reason behind a lot of these lemon cars in the 2022 model year was due to roof issues and/or other electrical gremlins. Apparently the issue was fixed with software updates and these cars are fine now.

I agree that it feels like a lot of car ($200k+ MSRP) for well under $100k. I think if you bought one was for $75k, kept it for 1-2 years, I think you’d still get $60-$65k for it. I don’t see the car dropping down into the 50s for quite some time. In other words I believe the bottom for the next 3-4 years is still above $50k. So it’s a rather safe bet in my opinion.

Also, accident/ salvage title is very different from a lemon buyback and especially if you have documentation regarding the lemon buyback. Remember, people always want a deal. So at that time in 2-3 years from now, if every SL63 is going for $75-95k and yours is asking $50-60k, you will find a buyer.

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33

There is definitely something called a 2022 SL63

The official name is Mercedes-AMG SL 63 4MATIC

R232 is model designation just like the prior generation was the R231, but it was also an SL63.

34

Yes, that’s exactly why I said “technically” in that post.

35

Someone just buy one and let us know how it goes in a year or two…

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36

Can you get one for $75k now? Unless you can, any discussion based on that as a starting point is moot.

And most AMGs including SLs never stop dropping. R230 AMGs are $10k cars now. Even 60k mile cars are $15k.

37

I’ve decided to go with 2024 M4 instead…seems to be much safer alternative, not in the same league with SL63AMG of course((( but less headaches for sure

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39

I had a 2018 Porsche Panamera Turbo S lemon law buy back. It was probably the best car I have ever owned. Totally flawless and amazing to drive. The only drawback is that it was hard to sell. No enquiries on Autotrader. However the dealer I bought it from reached out to me and offered to take it on consignment. They sold it within 2 weeks and got me more than what I was asking for privately even after their consignment fee. The person who bought it from them was a previous customer of theirs so I can tell they have a loyal following of buyback customers. I would do it again if they had the right car in stock.

One thing to note - the car I bought was under factory warranty so that limits the risk. And also I went through the service records and was comfortable the issue was not major. Further I had it inspected by an independent Porsche mechanic who confirmed the issues had been resolved.