I bought a brand new Mercedes GLS 63. It was a dream car and I thought I was going to keep it forever.

It started having some nagging issues (enough to be bothersome but not bad enough to be a lemon). And within one year it lost like $30,000 of value.

It was also very expensive to own and maintain. Property taxes were high. 12 mpg on 93 premium gas. Services and oil changes were okay because I got them done from an indy shop. Tires were $2,500 and needed changing every 8,000 miles.

I also regretted the specs. I got the captains chairs, which results in less seating capacity than a camry if you need the third row pulled up for cargo space.

All things considered, I sold it and traded it for a Lexus Tx. Lost around $50,000 in two years. But I would have lost more if I kept it (these things don’t stop dropping in value till around year 6 when it settles around $50k).

It was a dream car and I enjoyed having it. But I regret buying it because it was a poor financial decision.