ksreed

Dealer is offering an '07 E550 w/ 9500 miles on it. Car was used by one of the dealership execs; never been titled. Am I right in thinking I should be able to pick this up for several thousand below invoice? I don't want to make an offer and look silly. Also, is there any reason I'd want to shy away from this car?

Benz-O-Rama

It would help if we knew the MSRP and the dealer asking price.

ksreed

MSRP is 66815; invoice is 62283. Don't know what dealer is asking yet. I was just trying to get a sense from those with more saavy than I in these matters (i.e., almost all of you) what I might reasonably expect to get this for. I also saw that MB is offering dealers 5K incentive on these cars. How does that figure in? Sorry if this is basic stuff.

emilner

Considering the $10,000 in incentives, I would say right around $48-50,000 would be as high as I would go. My dealer has a new '07 E550 4matic stickered at $68k that he is selling for $53k

ksreed

Thanks for responding.

Benz-O-Rama

I think this sounds right. 66K sticker minus 10K incentive minus 10K miles. Remember, this is a used car now.

KosherBenz

dealership execs car = loaner car = test drive car

take your pic!

ksreed

but given that it will be under warranty, should I be concerned? Frankly, I sort of feel happy to let the dealer take the first year's depreciation.

KosherBenz

Just know it was used for 10k miles. If thats cool with you and the price is GREAT, then go for it.

Barry45RPM

If the car looks clean & good, then how much abuse could it have sustained? It hasn't even had its 1st oil change yet. (Have them do it for free now) It probably has only had cheap gas put into it, if it was a loaner, thats all. Take all the mats out, look at the carpet.

Since it has never been titled, your title will say "New" not used. At trade in time thats a plus. Technically you are the 1st owner. If you are going to keep it, see what kind of deal they are willing to give you on the MB extended warranty, if youre so inclined, and will keep the car longer than 4/50 from the day it was placed in service on MBs computers. If you will be keeping it, you will want to be covered, and you can negotiate a very good price on it now, as a condition of sale. (The dealer wants to get rid of all the '07s!)

You WILL enjoy the car. It a really great product.

emilner

I agree with most of what you say. I would say that if it was a test drive car, then all bets are off. I don't know about you, but the test drive car I drove had less rubber on the tires when I returned it to the dealer, not to mention the car was cold when this abuse happened. Multiply that by who knows how much. People don't test drive 550s gingerly...

A far as the title goes, I think once it hits a certain number of miles it is considered used. After all the title will say 9500 miles on it...

OT- Barry we should set up a LI GTG...

ksreed

Earlier you mentioned 10K in dealer incentives on this car. Edmunds reports only 5K. Is there something else that's been announced?

emilner

There is an executive $5k rebate also. When I bought my car it was $3k, I am an executive, but the dealer did not ask for any proof...

ksreed

Sorry if this is a dumb question, but what do you mean an "executive rebate"? What sort of executive is one supposed to be to qualify?

Barry45RPM

At least to BS, Grab a Beer & a Burger on a nice afternoon sometime.

okc329

and should be priced as a one-year-old car with 10K miles. The fact that it hasn't been titled may not mean a thing. In dealing with them, try to get an extended warranty at little or no cost.

ProV1

you're getting ripped off if you pay more than $47k. and tell em to throw in the CPO warranty for free

ksreed

Thanks very much. Would you mind detailing how you arrive at that number (in case I have to press it with the dealer?).

emilner

It is a rebate they have to get executives to buy a Benz. As far as I am concerned anyone can get the rebate.

Barry- Anytime, where are you located?

sammyshammy

I would want to buy it as a used car. With the CPO you get a total of 5 years warranty and 100,000 miles. It just makes sense to me.

ksreed

Interesting, a search through MBUSA shows a couple of 2007 E550s with similar miles and options priced at $59,900. Do people typically negotiate listed CPO prices down?

Vik888

Does that apply to all Benz's? As in I special order an 08 E550, I'm entitled to $10k off as an exec?

emilner

No it for '07 leftovers.

If you were to buy it as used car, you do not get any of the incentives or factory interest rates.

FormerC32Owner

[QUOTE=emilner;2326388]People don't test drive 550s gingerly...QUOTE]

Yes - I can vouch for that...

KosherBenz

they are test drive cars.