mostolf

I'm looking to trade-in my 2003 C320 coupe.
Any guidance on whether this is a fair offer is appreciated.

20k miles, great condition
silver / black leather
automatic
bose
pano roof
CD changer
MB extended warranty until 3/1/2010
Orig sticker was $33.8k (not counting the extended warranty)

I was offered $14k by the dealer.
I know the extended warranty disappears if I trade to a dealer instead of sell to a person.

So, what do you think is a fair (mid-market, not great) price on this car for trade-in or private party sale?

I've been out of touch with the market for a while, so am unsure.

Thanks again!

Ep1dem1c

Kelly's blue book


Excellent
$14,025

Good
$13,250

Fair
$11,855


So yea that is a good deal. The typically mileage on an 03 is 60K so it does have very low mileage. Those values above for trade-in values with 20K miles. Hope that helps.

Midnight Koop

sign... so sad that our cars drop in value so much... thats great mileage, i would think you could get more for it than $14k

mostolf

Thanks for your thoughts.
I'm a little bummed about losing all the value of the 3yr extended warranty though. Don't those list for like $2500? (I got it for a little less)

There are tons of these for sale on autotrader with more miles in the low to mid 20's.

I don't really want to deal with a person-to-person sale if I can avoid it. Maybe I'll ask the dealer for $2-3k more and see where that goes.

Any other advice people have is greatly appreciated. I might go ahead with this trade-in later today...!

Midnight Koop

ok... by looking at carmax... i think you shouldn't do it. ALOT of the basic c230's in manual are selling around 17's.

this one is an automatic, is older, has almost no options, and isn't even a c320:

http://www.carmax.com/dyn/factsheet/...spx?id=4263232

its selling for alot more than what the dealer is trying to give you.

the only thing about carmax is their inspection and guarantee that its not a lemon. if you are the first and only owner AND if you pay like around 100 for a comparable inspection you should be asking at least 19+ from private party.

screw kelly blue book.

Midnight Koop

its easy to sell private party... take some pics, post in craigslist, and i guarantee you'll get calls. just say stuff like "only one owner", "pampered the car", "clean title", "fully loaded"... etc... they'll come to you. its at least worth a try!

and especially with the extended warranty im sure you'll get some good offers

Ep1dem1c

I would have to say sell it privately also. You will get so much more money. MB's depreciate once you drive them off the lot. My grandfather has a 99 S class. Bought it for 72K now its work like 20K 50K in a few years and it only still had 33K miles on it.

ernster

Remember

I just traded in my c320 Sprot with 24,000. When you trade in you pay the taxes on the difference of the trade and the car. So, if you sell privetly you have to remember that you must get about 2000 more just for that tax difference on the car.


Example Tade in = 14 for trade in on 35,000 car pay taxes on 21,000

If you sell privertly you pay on taxes on 35000

So if you sell on your own, you have to sell it for 16,500 or 17 000 to make out good.

Which you might get if you get the right person

advans

thats a good deal, I'd probably get no more than 12500 and mine is a 03, 39,600 miles, and same sticker price

mostolf

Thanks for the guidance on taxes. Probably won't apply to me since I will probably take the trade-in value in cash and not apply it to the new car, which will be leased.

Would you mind sharing what you got for the trade-in amount? Also, any big options on the car?

netboy

the F?!
my 97' acura integra totalled in 2003 with 30,000 miles, insurance paid me 10,000$.
y is Mercedes lose value so much, so quick?

ernster

My trade in Value for my car was 26200. I had every option that the car offered. The car cost me 45,000 when I bought it.

mostolf

Wow. What year was the car?! And are we talking USDollars?!

mostolf

Well, the dealer just raised the offer to 16k. I'm taking it and will probably never look at this thread again lest I find out I was an idiot to take that little (!) I know the price on the new care is a good deal, so I'm pretty sure he's not just moving profit over here.

Dealer suggested I might also be able to cancel the MB extended warranty and maybe get some $ back. We'll see if that will work.