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How much is it worth?

Old Apr 11, 2009 | 02:04 PM
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How much is it worth?

I am looking at a 01 e320 sport black on black with 159,000 miles and is clean, what is it worth? Thanks
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Old Apr 11, 2009 | 02:25 PM
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98 e320
Originally Posted by Indian Outlaw
I am looking at a 01 e320 sport black on black with 159,000 miles and is clean, what is it worth? Thanks
Don't go by the bluebook value, go by what the market is willing to pay for it. Take the car to the dealer and pretend that you want to sell it; whatever the dealer is willing to pay for it, is the market value.

When I bought my 98 E320 with 39k, the blue book said it was worrth 9K,
dealer wouldn't pay more than 4K, I told the owner this is the current market value, I bought it for $4500.


It's almost like a house, are you going to pay for the house what the real estate MLS system is selling for, or are you going to pay for it for the value of the current real estate market including the foreclosures.
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Old Apr 11, 2009 | 02:41 PM
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I'd offer $2,500 and start from there. I wouldnt pay more the $3,500 or $4k if its absolutely flawless and well maintained
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Old Apr 11, 2009 | 03:47 PM
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2001 E430, Obsidian Black w. Ash/Orion Grey, 195,000 mi.
Originally Posted by Indian Outlaw
I am looking at a 01 e320 sport black on black with 159,000 miles and is clean, what is it worth? Thanks
Here in the Bay Area there's a post facelift E55 156,000 mi. that's been on Craigslist for $8500 and doesn't seem to be selling.
Fred
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Old Apr 11, 2009 | 11:43 PM
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Oh my , Is this where mercedes' resale value has depreciated too, it's like paying for a 01 toyota camry or a honda accord with the same mileage.


Originally Posted by 01BlackE320
I'd offer $2,500 and start from there. I wouldnt pay more the $3,500 or $4k if its absolutely flawless and well maintained

Last edited by martz; Apr 11, 2009 at 11:46 PM.
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Old Apr 12, 2009 | 12:52 AM
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Originally Posted by martz
Oh my , Is this where mercedes' resale value has depreciated too, it's like paying for a 01 toyota camry or a honda accord with the same mileage.
Edmunds lists the private party value at $6,600. I think that would be a tough sell at 150k miles but I could be wrong
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Old Apr 12, 2009 | 07:46 AM
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98 e320
Originally Posted by 01BlackE320
Edmunds lists the private party value at $6,600. I think that would be a tough sell at 150k miles but I could be wrong
As I said before, never go by what Edmunds or Kelly Blue book thinks it's worth. That is the first thing that sellers do, they go to these web sites thinking that there car is worth what these sites say and then they put it on the market and nobody offers. People want a good deal these days, like yourself. Think worst case scenario, what will it cost to rebuild that tranny, maybe $5k? I wouldn't pay more than $3k if it's mint, because a few months down the road, that car will cost your $8k if you have to rebuild that tranny. If haven't owned a mercedes before, little things broken can cost you hundreds and even thousands of dollars to fix. When I bought my 98 e320, I had to a tune up, fix the power windows, fix the air bags, fix the AC--little things like that the dealer would have hit me with $3-4k of repairs, but I did it myself for less than $400 in parts.
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Old Apr 12, 2009 | 08:04 AM
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Originally Posted by usaims
As I said before, never go by what Edmunds or Kelly Blue book thinks it's worth. That is the first thing that sellers do, they go to these web sites thinking that there car is worth what these sites say and then they put it on the market and nobody offers. People want a good deal these days, like yourself. Think worst case scenario, what will it cost to rebuild that tranny, maybe $5k? I wouldn't pay more than $3k if it's mint, because a few months down the road, that car will cost your $8k if you have to rebuild that tranny. If haven't owned a mercedes before, little things broken can cost you hundreds and even thousands of dollars to fix. When I bought my 98 e320, I had to a tune up, fix the power windows, fix the air bags, fix the AC--little things like that the dealer would have hit me with $3-4k of repairs, but I did it myself for less than $400 in parts.
I agree. I also said about 3k in my earlier post. Edmunds TMV tends to be closer to the mark then Kelly blue book because it is based on actual transactions and the values update frequently, but in this market where nice homes are selling for what AMG's used to go for, you'd be lucky to get anything for a car with 160k miles.

The used boat market exemplifies your comments even further. Annual maintenance of a large older boat in excellent condition often exceeds the market value. You can find these boats for practically nothing.
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Old Apr 12, 2009 | 12:32 PM
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I wish I could find an 01 Mercedes E320 for $3000. Are you guys kidding? The car is a $4000 wholesale piece all day, and would sell on the list for $6000 all day. Even with the hit for miles, and assuming avaerage condition, the trade value would still be 4 to 5K. Private party (BS) values aside, a mouse-house wholesale buyer would grab that car for $4500, and retail it for $6499 all day long- assuming it runs and shifts right. BTW, I used to be a used car manager, and bought a lot of these. All I'm saying is, don't low ball someone just because you think something will happen- if it runs well, it probably has been taken care of up to this point. A well taken care of E320 will get buyers up until the 200K mark, and then will still have some interest. Later...

Chris
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Old Apr 12, 2009 | 01:04 PM
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Originally Posted by socalsounds
I wish I could find an 01 Mercedes E320 for $3000. Are you guys kidding? The car is a $4000 wholesale piece all day, and would sell on the list for $6000 all day. Even with the hit for miles, and assuming avaerage condition, the trade value would still be 4 to 5K. Private party (BS) values aside, a mouse-house wholesale buyer would grab that car for $4500, and retail it for $6499 all day long- assuming it runs and shifts right. BTW, I used to be a used car manager, and bought a lot of these. All I'm saying is, don't low ball someone just because you think something will happen- if it runs well, it probably has been taken care of up to this point. A well taken care of E320 will get buyers up until the 200K mark, and then will still have some interest. Later...

Chris
You can pay $6000 for that. I'll offer $2500, and take it at $3500 all day long.
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Old Apr 12, 2009 | 01:08 PM
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1997 s320, 1997 e320
$2500? $3500? for a 2001 sport model? the guy will get more money by just selling the parts. the high miles might take the price down $1-2k, but not 3 times cheaper from what it's worth. whatever you guys are smoking let me know what it is, so i can get some.
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Old Apr 12, 2009 | 03:27 PM
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98 e320
Originally Posted by socalsounds
I wish I could find an 01 Mercedes E320 for $3000. Are you guys kidding? The car is a $4000 wholesale piece all day, and would sell on the list for $6000 all day. Even with the hit for miles, and assuming avaerage condition, the trade value would still be 4 to 5K. Private party (BS) values aside, a mouse-house wholesale buyer would grab that car for $4500, and retail it for $6499 all day long- assuming it runs and shifts right. BTW, I used to be a used car manager, and bought a lot of these. All I'm saying is, don't low ball someone just because you think something will happen- if it runs well, it probably has been taken care of up to this point. A well taken care of E320 will get buyers up until the 200K mark, and then will still have some interest. Later...

Chris
A dealer will probably give you $4k provided it's a trade in for a new car, the dealer will rip you on the new car (they now how to shuffle the numbers to make it look like you're getting a good deal, with rebates and factory incentives that you'll never see). but if you take it in w/o a trade in value you'll be lucky if they offer $2500.

160k is a lot of miles regardless of the year of the car.
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Old Apr 12, 2009 | 09:02 PM
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I did some research on eBay completed listings. There are 2 or 3 completed transactions with similar vehicles (high mileage) from $5,500 to $6,500. I stand corrected.

Unless the car is in mint condition, I still think it would be difficult to sell though in this market
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Old Apr 12, 2009 | 10:39 PM
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Originally Posted by Indian Outlaw
I am looking at a 01 e320 sport black on black with 159,000 miles and is clean, what is it worth? Thanks
It is worth how ever much someone is willing to pay for it. One person may want to pay $5,000 and the other $7,000. Here in upstate NY people put huge pices on cars and they sell within a week or two later.

Last edited by C280 Sport; Apr 12, 2009 at 10:41 PM.
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Old Apr 13, 2009 | 01:29 AM
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Originally Posted by usaims
Don't go by the bluebook value, go by what the market is willing to pay for it. Take the car to the dealer and pretend that you want to sell it; whatever the dealer is willing to pay for it, is the market value.

When I bought my 98 E320 with 39k, the blue book said it was worrth 9K,
dealer wouldn't pay more than 4K, I told the owner this is the current market value, I bought it for $4500.


It's almost like a house, are you going to pay for the house what the real estate MLS system is selling for, or are you going to pay for it for the value of the current real estate market including the foreclosures.

Ridiculous way of getting the "real value". No one would make a dime in the auto sales business if things worked this way. The lower range of the retail prices is usually the good value, unless you want to visit auctions.
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Old Apr 13, 2009 | 01:38 PM
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"You can pay $6000 for that. I'll offer $2500, and take it at $3500 all day long"


OK, there. Go buy a clean 01 for "3500 all day" and report back with your progress. And good luck with that.<!-- google_ad_section_end -->
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Old Apr 13, 2009 | 02:06 PM
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98 e320
Originally Posted by MR888
Ridiculous way of getting the "real value". No one would make a dime in the auto sales business if things worked this way.
That advice came from a veteran auto sales person. I buy my cars at wholesale prices. I don't buy from auto dealers. I buy from private owners, usually old people (NOT Ebay or Craigslist). I've been lucky so far. I'm cheap, if I don't get the car at wholesale prices, I just won't buy but thats me.
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Old Apr 13, 2009 | 03:38 PM
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1997 s320, 1997 e320
remember you always get what you pay for.
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Old Apr 14, 2009 | 09:23 PM
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Originally Posted by socalsounds
"You can pay $6000 for that. I'll offer $2500, and take it at $3500 all day long"


OK, there. Go buy a clean 01 for "3500 all day" and report back with your progress. And good luck with that.<!-- google_ad_section_end -->
Not sure why you don't believe it, I was offered a 2004 Chrysler Crossfire from a wholesale customer of mine, for $7500, with only 40k on the odo. I am about to buy it.
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Old Apr 15, 2009 | 12:39 PM
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Fair enough... however... other than the transmission, its a friggin Chrysler! Good luck with that.

Wholesale, hit for recon, etc: $6500. Trade value? $7500.

I'm not sure I would call that a good deal. Nice move, there, Lee Iacocca.

Last edited by socalsounds; Apr 15, 2009 at 12:41 PM.
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Old Apr 15, 2009 | 08:31 PM
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Originally Posted by socalsounds
Fair enough... however... other than the transmission, its a friggin Chrysler! Good luck with that.

Wholesale, hit for recon, etc: $6500. Trade value? $7500.

I'm not sure I would call that a good deal. Nice move, there, Lee Iacocca.
Actually the Crossfire is a rebodied Mercedes Benz SLK roadster, but I'll let that pass assuming that most people don't know that.

$7500 wholesale. $150 in cleaning and recon, $150 for one new tire. $13500 asking price, take $11000. Or trade at $9000.
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Old Apr 16, 2009 | 01:20 PM
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Well, its actually a more of a CLK platform that looks like an SLK; not an SLK, which has an incredible skeleton design with a torsional rigidity factor that the Crossfire wishes it had. Unfortunately, the Crossfire has an atrocious record of repairs, recalls and a lovely CG rating of 44/100...

http://consumerguideauto.howstuffwor...-crossfire.htm

...it actually has a side rail taken from the S, but the rest is CLK stuff, made in Chrysler factories. I've driven a few; not a bad car, and a LOT of fun, but the fit and finish is Chrysler all the way, from the plasticky dash and cheesy-looking radio to the squeaks and rattles and very high NVH. These are things that have pushed the real market value down.

At those prices (above), you can actually buy a 2004 SLK base (11K to 13K)- they, too, have unfortunately lost a tremendous amount of value in the last 5 years!

Later!
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Old Apr 16, 2009 | 02:06 PM
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the crossfire was made in germany

http://www.wintonsworld.com/cars/chr...crossfire.html

http://findarticles.com/p/articles/m...5/ai_99821503/
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Old Apr 17, 2009 | 02:44 AM
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Originally Posted by fosmith
Here in the Bay Area there's a post facelift E55 156,000 mi. that's been on Craigslist for $8500 and doesn't seem to be selling.
Fred
I was thinking about picking it up, but the mileage really scared me away.
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Old Apr 17, 2009 | 04:33 AM
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300E a couple 1994 w124wagon E320 Wagon/,1971MGB Track/Rally, MG Midget Autocross ,2000 E320 wagon.
An 04

be it a chrysler or a mb is a worthless piece of crap anyway.Go pay your 7500 for it.You will spend more on it in 2 years than the price you paid.
I wish you well
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