For Sale: 2003 CL55 AMG, 11,500 miles
#26
unfortunately,
an informed buyer that has done his research (as he should on any purchase) not only won't offer anything even close to 68k for that car, but they might just go for an 04, or 05 instead.
high end used is not as easy to move as it once was
an informed buyer that has done his research (as he should on any purchase) not only won't offer anything even close to 68k for that car, but they might just go for an 04, or 05 instead.
high end used is not as easy to move as it once was
#27
#28
Administrator
Joined: Nov 2001
Posts: 11,921
Likes: 798
From: THE Orange County, California
2020 Audi R8 V10, 2016 AMG GTS, 2018 E63S Edition 1, 2018 Porsche GTS Cab, 2012 C63 BS
So- what does that mean?? We are just here supporting a member on a sale. We all know based on the market that his price is high- ok but let him sell it for whatever he wants. There might be that "one-off" buyer looking for a 4 year old gem with an extended warranty and super low miles.
He obviously has the time to wait for the right buyer or his price would have dropped in the last 45 days. He may end up selling it for less and then will have to weigh out the time lost but thats his call.
#29
Senior Member
Joined: May 2006
Posts: 424
Likes: 0
From: So. Cal
1985 380 SL 2001 SL 500 2007 E350 Sport 2008 T & C Ltd.
#30
Time. Some of us can wait.
Exactly. I am sure if a serious offer was made Gary would move
on his price. Everything is negotiable.
#31
Wow!!! This is busiest I have seen AMG CL forum to be in awhile.
We all have our opinions and that is great that we can express them freely. The key is not to get into personal stuff.
In the end every car's price is equal to the williness of a buyer to pay it.
Having seen Gary's CL55 and being in car business, I believe that he will find a buyer willing to pay near what he is asking for. The best we can do for him is to let him show his car to prospective buyers and not dictate a price to him. It is between him and the buyer. When purchase does happen, each side will believe it was a win/win situation for them.
The only conclusion that I can point out of this situation is one word - LEASE.
Let the bank deal with deprecaition, while you get into next generation model.
We all have our opinions and that is great that we can express them freely. The key is not to get into personal stuff.
In the end every car's price is equal to the williness of a buyer to pay it.
Having seen Gary's CL55 and being in car business, I believe that he will find a buyer willing to pay near what he is asking for. The best we can do for him is to let him show his car to prospective buyers and not dictate a price to him. It is between him and the buyer. When purchase does happen, each side will believe it was a win/win situation for them.
The only conclusion that I can point out of this situation is one word - LEASE.
Let the bank deal with deprecaition, while you get into next generation model.
#33
Senior Member
Joined: May 2006
Posts: 424
Likes: 0
From: So. Cal
1985 380 SL 2001 SL 500 2007 E350 Sport 2008 T & C Ltd.
#34
agreed, a friend can't move his 2003 CL55 with 15k miles for 50k.... I was tempted by a 2005 S65 that was listed for 81k, and that was 3 months ago....
the kicker is that these are spiraling down, the longer you wait the more it drops in value....
It's nothing personal, 14 months ago I paid 75k for a 2005 CPO E55 with 4k miles, in this short time it's lost about 20k in value.... I don't care, the car is worth it....
if you want to get really woken up, ask a dealer how much they'll pay for the car....
the kicker is that these are spiraling down, the longer you wait the more it drops in value....
It's nothing personal, 14 months ago I paid 75k for a 2005 CPO E55 with 4k miles, in this short time it's lost about 20k in value.... I don't care, the car is worth it....
if you want to get really woken up, ask a dealer how much they'll pay for the car....
............ok. I felt bad saying it, not because it is not true. I just fell that it sucks that this is the way it is. I don't have anything against his car. I am sure it is perfect in every way. The market is hard on AMG's. I am probably not telling you anything you don't know. As of 10pm Easter time on Feb 11, 2007 there are 8 2003 CL55's on ebay with buy it now prices. The maximum buy it now price is $53K. That car has a mileage of 29,000. It has higher mileage, but is by no means a high mileage car. He is asking $15K more for his car than the highest buy it now price on ebay. 2006 CL65's are selling for $80K. Indeed his asking price is CLOSER to the market price of a CL65 than that of a 2003 CL55.
Ted
Ted
Last edited by Fikse; 02-17-2007 at 03:16 PM.
#35
I dont know, but almost 1 year ago I traded in my CL55, only got 52K for it. It was in very good condition, and had around 18K miles if I remember correctly. I wish you luck, but the CL market is a tough market.
#36
Super Member
Joined: Aug 2005
Posts: 801
Likes: 1
From: Mercerville New Jersey
1991 560SEC Teal 1989 420SEL Ice Blue 1984 500SEC White
Coupes' And Their Value
But isn't it true that all of the past flagship Mercedes coupes' didn't hold their value very well? And that as they age, the values rise above the counterpart sedan, of the same age?
I can't wait till the CL AMG's(W215,W216) are 10 years old, so than I can afford to acquire one.
Bruce
BENZITCH
I can't wait till the CL AMG's(W215,W216) are 10 years old, so than I can afford to acquire one.
Bruce
BENZITCH
#37
i'll second that emotion. i'm having a horrible time trying to sell my e55 wagon, and it's a gorgeous very low mile 2005 specimen. it's very frustrating.
#38
Ted I know your not attacking Gary or his car, but your just annoying. That's why there is a range on used cars. There is always a high and low price point. I too saw this CL recently and was stunned at how meticulous it was. He's clearly not in a desperate situation to get rid of it, I too would list it at a higher price point.. Why not? And you know, Let him do it.
Let me ask..
Not taking into consideration what they go for on ebay, which are probably from auctions. If you bought this car at MSRP when it came out, would you try and sell it at a high or low price point?
Let me ask..
Not taking into consideration what they go for on ebay, which are probably from auctions. If you bought this car at MSRP when it came out, would you try and sell it at a high or low price point?
#39
#40
it's sad, unfortunate, and it's painful, but it's the reality of high end used amg, they depreciate faster than other comparables like porsche, bmw.
which of course begs the question: are they overpriced to begin with? or is it just a supply demand thing.
#41
Ted I know your not attacking Gary or his car, but your just annoying. That's why there is a range on used cars. There is always a high and low price point. I too saw this CL recently and was stunned at how meticulous it was. He's clearly not in a desperate situation to get rid of it, I too would list it at a higher price point.. Why not? And you know, Let him do it.
Let me ask..
Not taking into consideration what they go for on ebay, which are probably from auctions. If you bought this car at MSRP when it came out, would you try and sell it at a high or low price point?
Let me ask..
Not taking into consideration what they go for on ebay, which are probably from auctions. If you bought this car at MSRP when it came out, would you try and sell it at a high or low price point?
That would be appropriate to the Twilight-Zone level of delusion on this thread. Yeah, the luxury of time to wait for the "right" buyer... that's the ticket. Especially when these AMG cars are dropping by thousands each week in market value. Unless he plans on holding out until 2060, by which time his CL55 will be a certifiable classic automobile and may then have appreciated to somewhere in the neighborhood of $68k, our fine seller should take the Amen chorus with a grain of salt and tune into Ted's frequency for a few moments, and proceed accordingly with the pricing of his car.
That is, if he is serious about selling, rather than just talking about selling, his car. It's a buzz-harsher of a secondhand market out there; proceed accordingly and be prepared to bathe!
As for me, I sold the e55. My ***** are chafed and my sphincter is shredded, but I'll get over it...
#42
Cars tank in value......end of story. Everyone stop *****ing about it. I know it took me along time to realize my car is worth ****. I guess as long as you enjoy it thats all that matters. I love watching those big 65 AMG's spiral downward. Its a buyers market Baby!
#43
CL55 for Sale
Thread Bump.
Just ran into Gary "03CL55AMG" at Cars and Coffee in Irvine.
He still has his CL55 on the market. It is so pristine.
He has lowered the price a bit more. Its just a matter of finding
the right person who can appreciate the car and its condition.
Gary.
I hope that cute "Oriental Girl" follows up. She was hot.
I like her line. "What makes you think I cant afford it myself"
when I told her to "get your boyfriend to get his checkbook out".
Classic moment. Love a woman that says. "I get what I want".
Lets hope she sells her BMW.
Keep going to that show. I think its the best way to market your car !
Just ran into Gary "03CL55AMG" at Cars and Coffee in Irvine.
He still has his CL55 on the market. It is so pristine.
He has lowered the price a bit more. Its just a matter of finding
the right person who can appreciate the car and its condition.
Gary.
I hope that cute "Oriental Girl" follows up. She was hot.
I like her line. "What makes you think I cant afford it myself"
when I told her to "get your boyfriend to get his checkbook out".
Classic moment. Love a woman that says. "I get what I want".
Lets hope she sells her BMW.
Keep going to that show. I think its the best way to market your car !
#44
Thread Starter
Junior Member
Joined: Jun 2006
Posts: 53
Likes: 0
From: Laguna Beach, California
2003 CL55 AMG
BLTSERV-Thanks for your input and comments. No doubt it is in pristine condition. I'll let you know if that gal follows through...she was quite interested. I have turned down some low-ball offers for the simple reason that I am not willing to give it away for an auction price. I can afford to keep the car and I have three other cars to drive and this one is my "garage queen" As you know, 12,000 miles and a Mercedes warranty through 2010 are hard to come by for a 2003 CL55 AMG. By the way, your silver SL AMG looked pretty awesome today...I think you need to have a matching CL 55 AMG in the same color next to it in your garage....yeah, baby!!!!!!!!!!!!!!
#45
Thread Starter
Junior Member
Joined: Jun 2006
Posts: 53
Likes: 0
From: Laguna Beach, California
2003 CL55 AMG
SOLD!!!!
A car collector from Los Angeles saw it parked at Cars and Coffee in Irvine, California last Saturday. He picked up one of my flyers on the windshield and really liked the car. We talked and I took him for a little blast down the freeway. After we returned, he wanted to know my bottom line. My flyer said $66,000 obo. Told him $62K and we shook hands. Today, Monday, he bought the car and it is a done deal. I was able to get a good price for the following 4 reasons:1) Car only had 12,800 miles 2) Flawless Condition 3) Mercedes Warranty through May, 2010 4) My location in Southern California and showing the car in a very affluent area. Pretty funny to me how I sold it with a handmade flyer at a coffee meet, but could not sell it on E-Bay, Autotrader.com and various Mercedes forums and other ads. Turned down many offers in the range of $50-60K. You get what you pay for!
A car collector from Los Angeles saw it parked at Cars and Coffee in Irvine, California last Saturday. He picked up one of my flyers on the windshield and really liked the car. We talked and I took him for a little blast down the freeway. After we returned, he wanted to know my bottom line. My flyer said $66,000 obo. Told him $62K and we shook hands. Today, Monday, he bought the car and it is a done deal. I was able to get a good price for the following 4 reasons:1) Car only had 12,800 miles 2) Flawless Condition 3) Mercedes Warranty through May, 2010 4) My location in Southern California and showing the car in a very affluent area. Pretty funny to me how I sold it with a handmade flyer at a coffee meet, but could not sell it on E-Bay, Autotrader.com and various Mercedes forums and other ads. Turned down many offers in the range of $50-60K. You get what you pay for!
#47
It pays to be patient after all.
Well I just had to post a congratulations to 03CL55AMG on here.
When he first posted his car on here for sale all he received in response
were the naysayers and pesimists in response to his ad.
The comparisons to "lemoned cars" on E-bay. "Sell it now before it goes
down even more". "Its like a used ladies handbag" Still get a chuckle
out of that analogy. So much for the bears of the used AMG market.
Most of whom do not even own a AMG.
Well the fact that he was patient and persistant and also had a pristine
AMG got him a premium price after all.
Way to go !!!! See you at Coffee and Cars in your new SUV soon !!!
When he first posted his car on here for sale all he received in response
were the naysayers and pesimists in response to his ad.
The comparisons to "lemoned cars" on E-bay. "Sell it now before it goes
down even more". "Its like a used ladies handbag" Still get a chuckle
out of that analogy. So much for the bears of the used AMG market.
Most of whom do not even own a AMG.
Well the fact that he was patient and persistant and also had a pristine
AMG got him a premium price after all.
Way to go !!!! See you at Coffee and Cars in your new SUV soon !!!
#48
well, 62k ain't 68k, which only proves those of us that thought 68k was outsize pricing correct, after all.
nice to feel that weight lift off when it's out of the stable, though, isn't it? on to the next one, then...
congrats on the sale.
nice to feel that weight lift off when it's out of the stable, though, isn't it? on to the next one, then...
congrats on the sale.
#49
Damn, you AMG guys are the most price sensitive guys out there!
i'm susprised you chaps can even enjoy your car(s) without the fear of depreciation biting you in the ****!
This is the second thread (out of 3!) i've flicked through in the last 5 minutes that's has depreciation pasted all over it.
i'm susprised you chaps can even enjoy your car(s) without the fear of depreciation biting you in the ****!
This is the second thread (out of 3!) i've flicked through in the last 5 minutes that's has depreciation pasted all over it.
#50
MBWorld Fanatic!
Joined: Aug 2003
Posts: 8,698
Likes: 1,109
From: In my garage
E55, GLS450, GL63, GLE350
Damn, you AMG guys are the most price sensitive guys out there!
i'm susprised you chaps can even enjoy your car(s) without the fear of depreciation biting you in the ****!
This is the second thread (out of 3!) i've flicked through in the last 5 minutes that's has depreciation pasted all over it.
i'm susprised you chaps can even enjoy your car(s) without the fear of depreciation biting you in the ****!
This is the second thread (out of 3!) i've flicked through in the last 5 minutes that's has depreciation pasted all over it.
Not since Enron have people seen depreciating assests like our CL's. I think everyone's a bit surprised and some get like a deer in headlights after they try to trade their 2 year old $185,000 CL65 and are offered low 70's on trade.
Last edited by BlownV8; 05-10-2007 at 11:12 PM.