ndabunka

After a long discussion with my wife over the weekedn, we set a limit of $36K for this "toy. However, bidding has now exceeded that figure so I thought I would share the details with the forum in the event anyone here is interested. The site is Bid4assessts.com and they liquidate drug-seized property. The current bid is $38,500 and is probably about as high as it's going to get. If anyone here is interested, it could be a GREAT buy. The inspection period is over and I id not attend it so the only information you have is what you see on the site. Do not use ANY of my information in making a bid (warranty dates, etc) as all I have is a few emails and no official documentation on the actual vehicle. The site DOES require a specific payment procedure and there is significant paperwork that you would need to do but if you want a bargain... This may be a great way to do it. PS - I DO know of one guy that does NOTHING but buy cars like this from these sites and resells them to the public. He makes a LOT of money doing this and said that he would resell this in the open market for about $50K so at today's current level it appears that there is still $12K of profit for guys like him should he end up being the winning bidder. I'd (and he) would rather see a true enthusiat own it so bid if you are so inclined.

http://www.bid4assets.com/auction/in...ctionid=184554

jtc55

IMHO, not worth the risk!!!!

ndabunka

What rik are you talking about? If you have a chance to inspect it, it's just like any other deal. Only difference is that the car was confiscated from a drug dealer. It's not like the ex-owner is going to track you down afterwards or anything. Sure, there's a little paperwork getting the new clean title but if you can save 10 grand, it's probably worth it IMHO.

jtc55

didn't you say "inspection period is over". to me that's a HUGE risk to anyone buying a used car. it may cost you more than the 10k you "just saved", not including the headaches and time wasted.

ndabunka

Sorry I mis-read your statement earlier. Yes, the inspection period is over and there is risk associated with having not seen it but you may be able to get some information from the auction site (Like if it runs, VIN #'s, etc) and this is still an IN WARRANTY car so any issues could be taken directly to your local Benz dealer. But is still a little risky. BTW - They recently sold a 2003 CL55 form this same site for $68K about three weeks ago so one of the reasons I put this out there is so that other enthusiat could add the site to their favorites and check in now and then. If you see something early enough, you could inspect the vehicle prior to the bidding.

newbenzamg

I wouldnt do it

ndabunka

It went for $49,100. That is $2K MORE than private party Excellent condition from KBB retail. The buyer must think that their is more stashed in that car than steel and plastic in order to have offered so much. unreal.