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@Dammit
I think the challenge is working out which demographic a car belongs too - that CLS is well within cheap loan territory - I'm thinking the 3.2% for 30k ones which were hugely popular.
That means that as long as you could afford £500 per month you could afford the car - but, not the servicing or fixing any large issues (the one I'm looking at doesn't have any services recorded recently, something I'd like to discuss with the current owner).
I well know what it costs to replace silly things like batteries and suspension on these - it's not cheap, and you're not going to do it if you stretched to get the car.
But go up a few groups and you get to people who are not that worried by the current shenanigans in the housing market.
So - I think the CLS (unless it's secretly a dealer) will be reduced in price incrementally until it becomes more reasonable, or might just go for a cash offer depending on the sellers circumstances, but more expensive cars (Hefty's Panamera) will likely stay where they are price wise.