Mercedes-Benz - G Class (2004)

The Mercedes‑Benz G Class has long been a symbol of rugged luxury and reliable performance. In the 2004 model year, the G Class began to cement its reputation as a versatile off‑road workhorse that won the hearts of drivers who crave both comfort and capability. While you can find listings that claim a “Mercedes‑Benz G Class price” anywhere from a few thousand dollars to well over $200,000 depending on condition, mileage, and optional equipment, navigating the market today means understanding the trends that shape that price.

Below is a concise but thorough guide to the 2004 G Class, including technical specs, depreciation guidance, and market comparison insights that will help you evaluate “what is a 2004 Mercedes‑Benz G Class worth” in today's used‑car landscape.

• Engine: 4.3‑liter V6 DOHC (R133) producing 261 hp
• Transmission: 4‑speed automatic with torque‑converter lock‑up
• Drive: 4‑wheel drive (AWD) with full‑time all‑wheel‑drive system
• Fuel Type: Regular gasoline (87 octane), electronically managed injection
• Dimensions:
  • Length: 174.2 in (4,423 mm)
  • Width: 77.2 in (1,959 mm)
  • Height: 78.1 in (1,986 mm)
  • Wheelbase: 131.1 in (3,339 mm)
  • Interior headroom: 41.3 in (1,048 mm)
• Weight: 5,400 lb (2,449 kg) curb
• Payload/ Rough‑Road Capacity: 1,150 lb (522 kg)
• Fuel Economy (EPA estimated): 12 mpg city / 16 mpg highway / 13 mpg combined
• Key Features:
  • All‑terrain four‑wheel‑drive with differential lock
  • Monocoque body with a full metal cage for off‑road protection
  • Power‑situated on‑board hydraulics for heavy‑duty tasks
  • 4‑seat variant with removable cargo area and optional post‑sudden‑elevation suspension
  • Classic chrome grilles and roof rails that define the iconic G‑Class silhouette

—

Depreciation Insights

Mercedes‑Benz vehicles are known for holding value relatively well compared to market averages, yet the G Class follows the broader luxury SUV depreciation curve. In the first year, the vehicle typically loses about 15–20% of its new‑car value. From year two to five, the depreciation tends to slow, with an average annual drop10–12%. Over a ten‑year period, a 2004 G Class might lose roughly 35–40% of its original price, meaning that a 2004 Mercedes‑Benz G Class worth at purchase could, in a reasonable condition today, represent a strong value proposition compared to newer models or other rugged competitors.

It’s important to remember that Mercedes‑Benz G Class depreciation also depends on mileage, maintenance history, and whether you’re looking at a used or “hard‑good” vehicle. G Class models that have been well‑maintained, serviced regularly, and kept in a climate‑controlled environment tend to maintain their appeal and market value better than those that accumulated high mileage or have a more rugged history.

—

Comparison Context