Originally Posted by bzliteyear
there are many 03's that are coming off lease. i've been seeing 2003 E500's at manheim for low to $20k's - depending on mileage and options. of course this would be w/o your 7 yr warranty so you can add $2-3k for that.
if i had to guess, you should be able to get hi $20's - it'll probably get strong interest. the major negative on your car is that it's high on the mileage vs. the many 03's that are available out there.
Yeah, I have seen 03s with mid to low 20s. Depends on the mileage, options, condition, color combo, etc. But as I said above, I'm NOT asking 36k firm, but merely just shooting high and hoping to land on something. 36k OBO doesn't neccessarily mean the offer has to stay around 36k, which a lot of people do misunderstand. Of course it does give the buyer some kind of idea on how much the seller is looking into getting. That's exactly why I have taken the time to explain that I'm a very flexible person and I am going to consider all offers as long as it's reasonable and fair for both parties.
Not considering the supply & demand mark-down and just looking at the new price, I think 30~35k is what the car should be worth. I do not like firm prices, so I aimed high to give room to negotiate with the buyer. After all, the negotiation is always LOWERING the asking price unless it's an auction. If someone wants to pay 36k for it, I have no problem selling it for that price. I paid over 70k in total back in 03. If it doesn't work for them, I clearly stated what they can do in my previous post.
I do really appreciate your input and the great info!