Lex09

Hey Guys,

What do you think my car is worth? Looking for opinions Trade-in VS Private Party Buyer.

****UPDATE 05/25 received a buy bid of $104K from a Mercedes Dealer****
Decided to sell my S550 for a smaller SUV (2016 Porsche Cayenne GTS)
What do you think i should list it for it's got 5300 Miles and Excellent shape (No Scratches or paintwork---Pristine condition and babied.

MSRP was $130,960

Options
BLACK, EXCLUSIVE NAPPA LEATHER UPHOLSTERY
WHEEL LOCKING BOLTS (PIO)
WARMTH & COMFORT PACKAGE
HEAD UP DISPLAY
PREMIUM 1 PACKAGE
WHEELS: 20" AMG MULTI-SPOKE
DESIGNO BROWN SUNBURST MYRTLE WOOD TRIM
DRIVER ASSISTANCE PACKAGE
HEATED WINDSHIELD
NIGHT VIEW ASSIST PLUS
BURMESTER HIGH-END 3D SURROUND SOUND SYSTEM
DESIGNO DIAMOND WHITE
EXCLUSIVE INTERIOR WOOD TRIM
SURROUND VIEW CAMERA
SPORT PACKAGE
COMFORT BOX

PeterUbers

Trade: 82-85k
Private: 92-98k

Good luck

Lex09

What's retail value?

PeterUbers

Go on autotrader and search 2015 s class sedans to get an idea of msrp and what they are going for retail... They take a nice hit the first year... Similar but not quite as bad as amg Benz vehicles

MTrauman

The listed trade numbers would be close for a 2014 S not a '15. A '15 trade would be closer to $92k for a car in very good condition. This all depends on the area of the country of course.


I agree on the $92-$98k private party numbers but would say a good number would be $96k.

Lex09

Got a Buy Bid from a Mercedes Dealer to buy the car for $104K. I'm taking it

hyperion667

WOW! you just blew 25 grand?

Lex09

I bought the car 8 months ago and drove a little over 5000 miles on it. The car is not brand new and fully expected to take a hit. I did not pay full MSRP. Got about $5K off. Cost about $2600-$2700/Month to keep this car excluding gas/insurance.

With dealers discounting the S Class Sedan 12-15 Percent the dealer that paid me $104K is crazy.

Lex09

Here is a similar MSRP '15 S550. Asking Price is under $100K Certified. The dealer that paid me $104K is going to lose money.
http://www.autotrader.com/cars-for-s...00834997&Log=0

pdeacon

Take the money and run! If it sounds too good to be true maybe it is.

PeterUbers

Take it and run!!!

PeterUbers

Sounds like he can afford it

hyperion667

glad you got that good number

Streamliner

Who needs photos of something you see on the street every day? I want to see a photo of that $104K check! Why??? Oh, I don't know, because I think it's a pipe dream, but hey, that's just me.

Lex09

Just to update you guys the Mercedes dealer i sold the car to bought the car for $104K. They Listed it $116888 certified. Got a good offer on the car considering the rear bumper was painted and never matched properly.

icebeam

I appreciate the update. I hate threads where people don't follow up

BluetecKING

I think I saw this on autotrader, but 104 is a pretty good deal, and post pics of the porsche when you get it

AMG 17GT

Here in GA you would have gotten a 6% trade tax benefit of $6240. I'm curious if the Porsche dealer would have given 102 then you would have had a nice bump in value.

Lex09

I got the tax credit. Porsche dealer got a draft and sold thru them.

hyperion667

what kind of Pcar is coming home?

Lex09

[QUOTE=hyperion667;6447973]what kind of Pcar is coming home?[/QU

2016 Cayenne GTS. Had a 2014 and miss this car.

syswei

I am in a different state so maybe it wouldn't work, but I don't understand exactly...what were the mechanics of how you saved sales tax on the Porsche purchase, even though the used car went to a MB dealer?

Lex09

The Porsche dealers "Wholesales" the Mercedes to the Porsche dealer. Porsche dealer buys the car from me and sells it to the MB dealer.

syswei

I'm assuming there was a typo in the first sentence, and it was supposed to read "The Porsche dealers "Wholesales" the Mercedes to the Mercedes dealer"?

So, if I understand, you sell your MB to the Porsche dealer, and he sells to an MB dealer wholesale, so there is no sales tax to the MB dealer? You pay sales tax only on the excess of the Porsche cost over the $104k.

Too bad I didn't know about this maneuver on my last transaction, though my 2008 W221 was only worth $24.2k so the sales tax savings wouldn't have been as great. But I'll definitely give it a try next time, if I again get a bad offer from whatever dealer I'm buying a new MB from (my W221 went to a Nissan dealer, though another MB dealer was pretty close at $24k...the dealer I bought the W222 from said only $21k). Thanks!

hyperion667

[QUOTE=Lex09;6448085]