pricing my c240
Thread Starter
Newbie
Joined: Apr 2004
Posts: 8
Likes: 0
From: Madison, WI
2002 c240 auto, c1, c2, bose
pricing my c240
What's the fair price for 2002 c240 with comfort package, sunroof package, also the bose with factory cd changer. I paid for sticker price of $35600 + 2 years extended warranty. ( I know stupid)
The local dealer only gives me $22000, the car is in mint condition, I have always take care of it like my baby.
what do you guys think?
Please help
The local dealer only gives me $22000, the car is in mint condition, I have always take care of it like my baby.
what do you guys think?
Please help
Administrator
Joined: Sep 2002
Posts: 15,769
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From: www.Traben-Trarbach.de
MPG+ ROLFCOPTER
Re: pricing my c240
Originally posted by benz ever
What's the fair price for 2002 c240 with comfort package, sunroof package, also the bose with factory cd changer. I paid for sticker price of $35600 + 2 years extended warranty. ( I know stupid)
The local dealer only gives me $22000, the car is in mint condition, I have always take care of it like my baby.
what do you guys think?
Please help
What's the fair price for 2002 c240 with comfort package, sunroof package, also the bose with factory cd changer. I paid for sticker price of $35600 + 2 years extended warranty. ( I know stupid)
The local dealer only gives me $22000, the car is in mint condition, I have always take care of it like my baby.
what do you guys think?
Please help
Market Analysis APR 13, 2004 Feb. Jan. Oct. April 2003
Avg Price $21,225 $21,273 $21,656 $23,608 $23,608
Avg Miles 28,226 27,171 25,459 19,721 14,495
Projected Values April 2004 May 2004 April 2005
Condition Above Avg Below Avg Avg
Wholesale $22,596 $21,196 $19,796 $20,900 $19,450
Retail $24,896 $23,396 $21,896 $23,100 $21,500
02,MERCEDES-BENZ,C CLASS,4D SEDAN C240
HTH
Super Member
Joined: Jul 2002
Posts: 678
Likes: 1
From: Vancouver WA
'14 GLK250 Diesel
Sounds right in the ballpark to me. I carry our '02 C240 [with less than 11k miles] on our personal books right now at $22.5k.
This illustrates pretty dramatically the cost of overpaying at retail, and then turning around and trying to sell in just a couple of model years. I've done it often enough myself, so I know what this means.
We paid $30k for our car in Sept 02, with met paint and the C2 package being the only options [MSRP $34.5k]. At its current resale, we've in effect paid about $7.5k for the first 19 months of use, or about $400 a month. That sounds right on target to me.
This illustrates pretty dramatically the cost of overpaying at retail, and then turning around and trying to sell in just a couple of model years. I've done it often enough myself, so I know what this means.
We paid $30k for our car in Sept 02, with met paint and the C2 package being the only options [MSRP $34.5k]. At its current resale, we've in effect paid about $7.5k for the first 19 months of use, or about $400 a month. That sounds right on target to me.
Thread Starter
Newbie
Joined: Apr 2004
Posts: 8
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From: Madison, WI
2002 c240 auto, c1, c2, bose
Thank u all
It is good to know I am not alone in this. I just feel I have been ripped off. Paid 36k 2 years ago, only can get 22k now??. For crying out loud, my 1994 Nissan Altima only depreciate $2K in 4 years. What's up with MB? Or that is just the cost to own one of the best. By the way, thanks for all your comments. Keep up the good work. Have a nice day
MBWorld Fanatic!
Joined: Nov 2001
Posts: 6,211
Likes: 2
From: Laguna Niguel, CA
European cars have fallen out of favor due to realibility concerns. Recent newspaper articles show that VW and MB have terrible customer loyalty losing repeat customers to Asian brands. The same thing happend to American cars in the 70's and 80's and now it will happen to European cars as people figure out that poor reliability is not fun.
As for me, I plan on keeping my cars until the wheels fall off or the warranty is up, which ever comes first. I couldn't imagine keeping an MB longer than that, can't afford the repair costs and shop time.
With the dollar slipping about 40% to the euro in the past year I don't expect prices to hold too long. If you hold on to your car another 2 years it may go up in value as European companies are forced to raise prices and sales will plummet making a used MB more valuable. Also by then they may actually improve reliability. For example, if a C240 goes up half the dollar's depreciation or 20% it would sell for 42K instead of 35K, so a used C240 would likely follow so a 22K car may be worth 26-27K.
As for me, I plan on keeping my cars until the wheels fall off or the warranty is up, which ever comes first. I couldn't imagine keeping an MB longer than that, can't afford the repair costs and shop time.
With the dollar slipping about 40% to the euro in the past year I don't expect prices to hold too long. If you hold on to your car another 2 years it may go up in value as European companies are forced to raise prices and sales will plummet making a used MB more valuable. Also by then they may actually improve reliability. For example, if a C240 goes up half the dollar's depreciation or 20% it would sell for 42K instead of 35K, so a used C240 would likely follow so a 22K car may be worth 26-27K.
MBWorld Fanatic!
Joined: Nov 2002
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From: El Pueblo de la Reyna de los Angeles
The True OG Modded out W203
Re: Thank u all
Originally posted by benz ever
It is good to know I am not alone in this. I just feel I have been ripped off. Paid 36k 2 years ago, only can get 22k now??. For crying out loud, my 1994 Nissan Altima only depreciate $2K in 4 years. What's up with MB? Or that is just the cost to own one of the best. By the way, thanks for all your comments. Keep up the good work. Have a nice day
It is good to know I am not alone in this. I just feel I have been ripped off. Paid 36k 2 years ago, only can get 22k now??. For crying out loud, my 1994 Nissan Altima only depreciate $2K in 4 years. What's up with MB? Or that is just the cost to own one of the best. By the way, thanks for all your comments. Keep up the good work. Have a nice day
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Thread Starter
Newbie
Joined: Apr 2004
Posts: 8
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From: Madison, WI
2002 c240 auto, c1, c2, bose
now what???
Originally posted by czachari
Loses $10K / year. All 7-series do that.
CZ
Loses $10K / year. All 7-series do that.
CZ
thanks
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MBWorld Fanatic!
Joined: Nov 2001
Posts: 6,211
Likes: 2
From: Laguna Niguel, CA
That's a defeatist attitude, "we all lose anyway". Get smart, find a local used car dealer that can get you into one of the Manheim auctions and pickup a 2003 E320 for low 30K range. Heck, those cars lose $20K the first year. Just have your cash ready because they don't take mastercard.
BTW, there's a reason that E320's are cheap, do your homework before you dive in, these are not pleasent cars to own or drive. They brake by wire is bizare with delays, the car is floaty and to boot, these cars are more troublesome that the troublesome C class. But they sure are pretty....
BTW, there's a reason that E320's are cheap, do your homework before you dive in, these are not pleasent cars to own or drive. They brake by wire is bizare with delays, the car is floaty and to boot, these cars are more troublesome that the troublesome C class. But they sure are pretty....
Last edited by Buellwinkle; Apr 14, 2004 at 03:02 PM.
