WHPH28

Anyone looking, this seems decent. They have the same warranty I have also.

http://washingtondc.craigslist.org/m...116748876.html

1bad540

decent accept the cars worth almost half of that...

WHPH28

Luckily I got mine for half that lol.

triniexr

$40K!!!!! and it doesn't even have the V12 Bi Turbo badge

DaveW68

Real value with warranty is around $34-35k.

1bad540

Real value is about 28k no ones paying over 30k for any 07.

DaveW68

Wanna bet on that? This isn't a high mileage strippo S550 we're talking about here. And the warranty certainly adds value as warranties are hard to come by for these cars. Don't base your price on WHPH's experience. He robbed the seller blind as they obviously had no clue what their car was worth.


Here's all of them in the US on cars.com with under 50k miles:


http://www.cars.com/for-sale/searchr...=GN_REFINEMENT

Jason B

Wow, look at this one. With an AMG kit and updates:





Best of both worlds!

MBZSW221

That looks a lot like the one in this video.

WHPH28

It does. He did buy it from IL, but it shows a dealer..but looks like they just provided the warranty so maybe that is the same car that he bought...interesting.

WHPH28

Actually, it's the same car.

triniexr

Probably, but with each badge add about +10 hp and +10 lbs of torque which should add some value

1bad540

The one3 Jason posted is gorgeous, nice wheels and great interior.

alx

an excellent condition low mileage (less than 40k) 07 with warranty might be worth $30k on the street.

in reality those are 25-27k street price cars.

DaveW68

Your perceived value and what they actually sell for in the dealer and private party market are 2 entirely different things. I know that you can pull auction prices, but you don't have the data on what dealers put into the car and what they turn around and sell them for. A 30k mile S600 could easily sell for $10k or more than a 70k mile car....even though both are low mileage cars based on the year and they don't have that much of a spread in the auction market. People are willing to pay more for excellent low mileage examples.

Jason B

Cars like you describe, with super low mileage like that, say a 2009 with 19,000 miles won't be found at an auction. Very rare, cause the dealer can put it on the lot and sell for much more. I know about auction prices, but a car like that for that price will never be found at an auction, but you will find higher mileage ones that are older.

DaveW68

That actually depends on the dealer. If somebody trades in the low mileage S-class at say a Honda dealer (just throwing out an example), then that dealer may take it to auction as they likely won't find the right kind of buyer for that car on their lot. Or they may sell it directly to a local Benz dealer.

alx

as a matter of fact i have first hand info on precisely what you describe

MBZSW221

I went to drive a 06 ML350 at a Benz dealer not to long ago. I was expecting it to be very clean but I got the exact opposite! It sure seemed like a car that they would take to an auction, scratches everywhere, leaking oil, dirty carpets, etc. Surely that wasn't a car that had been inspected properly. They were asking 15k and that car wasn't even worth 10k. I originally went there to drive a different ML but that one was in service. Just amazing why a dealer like that is trying to ruin their reputation by selling a neglected car improperly inspected total disappointment. Car had 100k miles btw.

DaveW68

I had no idea that dealers made that info available to other dealers. So you're saying that if a dealer had a car listed for $40k, and the buyer negotiated to a price of say $36,800, you'd have that info available? Do you also have info available regarding trade-ins? Because dealers are infamous for screwing with the numbers to arrive at whatever it takes to make the deal look attractive to the buyer.

Mike5215

Yeah, as painful as that raw wholesale number might be, I always get the dealer to appraise the trade and put a hard number on it. With that value locked down (presuming I can live with it) we can start talking about the value of his car. If I can't live with it, I'll work with them a little to get what I feel is fair. MB dealers by far put the best money on a MB trade, but that's okay because I'm usually shopping another Benz anyway. If they're persistently low balling the trade I'll just walk, because no dealer should balk at paying book wholesale on a clean trade in.

I also have a laptop with me with an Excel spreadsheet I wrote that allows me to track all the numbers in real time during the deal, and it shows the resulting payment as the variables change. Nothing gets signed until my numbers and their numbers are within a buck or two. I have one for leases and one for purchases, and they're great at flagging stuff that either the sales guy, or the F&I guy, tries sneaking in there. I just used it to help my employee and her husband negotiate a lease on a new minivan and it caught $2500 in absurd fees (one was just labeled "upfront fees") that I guarantee she'd have paid without blinking an eye, because she was a "payment buyer" and there are a dozen ways to get to a monthly payment while still overcharging the customer by hundreds or thousands of dollars.

amgm5s8

2007 S600 91K $24.3K
2007 S600 47K $31.3K
2007 S600 86K $26K
2009 S600 49K $37K

2007 S65 69K $34K
2008 S65 57K $47K
2009 S65 46K $52K

alx

that info is ofcourse is not available outside of the dealer. however, people like me just know what a car will (or will not) sell for in the front office because there is a good chance i know what the dealer is in it for in the back office. a dealer will get a car in one of three ways - from an auction (then i know the exact number), as a lease return (there too i will know the exact number) or as a trade-in (dont know the exact number, but i can be pretty much +/- $1k on a $25-30k car in this case because every dealer will value a trade in so they can make 5-10% after fees at auction).

so... how they fudge the numbers is irrelevant because i can always calculate fairly precisely what a car costs to a dealer if i know where it came from and how much they put into it (usually simply asking is sufficient) . and once you know their cost... the rest is dealing and compromising.

DaveW68

Based on these numbers, it appears that I was spot on about value with warranty on that 42k mile S600. Thanks for this.

alx

based on those s600 numbers I have no idea where they are from. Certainly not Mannheim numbers... And certainly not what the current market is at. Unless I am missing something