Market Price of 2003 E500
11-16-2005, 10:17 AM
#26
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'05 E320 CDI, '08 BMW X5 4.8i, '11 Duramax 2500HD
Originally Posted by Calcio
True, but not sure I understand your point. The dealer auction prices are the current wholesale value of the car and give you a good basis for determining a fair price. You will not get this on a trade or by selling to Carmax but there are folks out there with a used car dealer license who will go to the auction for you and buy you a car for $500 to $1000 over (that’s how I got these numbers). That being said, I would rather buy one from an individual than this way so I can get the history, other than a Carfax, and touch, see and smell 
the car.
the car.Bottom line.. NOT ALL USED CARS ARE EQUAL
BTW, OT but since you have the Platinum Blue, how do you think the charcoal interior would look in it?
11-19-2005, 11:20 PM
#28
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03,E500,jade black\charcoal,Sport,Folding Seat,Sunshade,Heated Seats,E2\E3
I have an 03 E500, 15k miles, integrated phone with voice command, extended warranty, sport package, hk sound, wood wheel,jade black/charcoal...this car is a great machine and is totally cherry.. and has all the options I needed (no navigation, but the dealer told me that the MB system at the time was not good and I have no use for it)....I have had no problems with this car...I am planning to replace it for various reasons with a SUV (am looking at the Range Rover Sport and a few others)...the dealers are all offering 35K, which is ridiculous..but after reading the messages above, this confirms that I will need to sell it privately...I think its worth 45+, but will take something in that range....if anyone in N. Calif is interested, let me know. This car is perfect and the color is awesome.
11-20-2005, 01:19 AM
#29
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Originally Posted by CE750
First off, no dealer will give you a $ over whole sale blue book for any car, period.
second of all, there are two different values for a car.. second hand to a party ,and second hand to a dealer... they are about 10-15% apart. A very low miles E should get low KBB pricing easily.. the only issue I can see is the '03 was the first year, and most people steer away from a first year of anything.
I can tell you this, if I put my CDI on the market today, I'd get back 90% of what I paid for it with in a week. Almost the same can be said of any 2005 E.. as a matter of fact one sold for $50K (2006 E350, basic package 11000mi).. just this last weekend in the paper.
second of all, there are two different values for a car.. second hand to a party ,and second hand to a dealer... they are about 10-15% apart. A very low miles E should get low KBB pricing easily.. the only issue I can see is the '03 was the first year, and most people steer away from a first year of anything.
I can tell you this, if I put my CDI on the market today, I'd get back 90% of what I paid for it with in a week. Almost the same can be said of any 2005 E.. as a matter of fact one sold for $50K (2006 E350, basic package 11000mi).. just this last weekend in the paper.
It's really not an accurate comparison to quote the trade in value of the cdi, which is an extremely hot car due to the recent gas price spike. The 03 e-class cars ( and the 99-02 versions as well) are suffering the backlash of all the negative reliability ratings assigned to these models. In many cases they are justified, an many cases they're not, but very few people want a car that they fear will give them problems out of warranty. Now add the additional fact that there are a TON of low priced new car offers out there due to the american car makers woes, and you get a rapidly depreciating market on all used sedans.
Personally I think a 3-4 year old v8 e-class for 27-35 grand is a screaming bargain, which is why I bought one. Sadly, we're in the minority, and my now 4 year old car would be lucky to get 21 thousand. Don't overpay for your friends car, you'll regret it when it's your turn to sell. I reccomend offering 36-37 k for it max.
