resale value of E-class tanking even more recently..?
Thread Starter
MBWorld Fanatic!
Joined: Jan 2004
Posts: 1,461
Likes: 1
From: Baltimore MD
MB, BMW
resale value of E-class tanking even more recently..?
looking through autotrader, cars.com, etc etc, it really looks like E-class used car pricing is tanking even more now than ever before. i'd thought that after the improvement in quality & reliability after 2007, resale value would do a bit better than before.. i guess it's a great time for buyers
Member
Joined: Oct 2008
Posts: 189
Likes: 1
From: New Jersey
'06 E500 Flint Grey - Charcoal
It's the market conditions ..
Yes... a great time for buyers and why i'm looking to pick one up. Given the market conditions, and car leases expiring ... the prices have to drop ... and to a level that's competitive with what's out there now.
Loans are hard to come by also driving down prices ...
Loans are hard to come by also driving down prices ...
MBWorld Fanatic!
Joined: Mar 2004
Posts: 5,017
Likes: 16
From: Ft. Lauderdale Area, USA
2015 ML 350
The '07s are absolutely Fantastic. Prices in cars like everything else are being lowered because there are no customers walking the streets right now. I should know I'm a retailer (not cars).
Supply and demand, you know.
Supply and demand, you know.
MBWorld Fanatic!
Joined: Nov 2004
Posts: 1,691
Likes: 143
W221 S600, W220 S55 AMG Kompressor, W124 300E, W140 S320, W210 E3204M W164 ML320 Bluetec
looking through autotrader, cars.com, etc etc, it really looks like E-class used car pricing is tanking even more now than ever before. i'd thought that after the improvement in quality & reliability after 2007, resale value would do a bit better than before.. i guess it's a great time for buyers
It seems that the car market as a whole is down. A W220 S600 TT can be had for less than 36k with reasonable mileage, as can an SL600 TT.
I dread the day when the W212 is released. I just hope having a Diesel will offset the depreciation somewhat.
Super Member
Joined: Jul 2008
Posts: 536
Likes: 1
From: SoCal
2005 E500 with 'some' BRABUS upgrades
I was bored the other night and decided to look up how much 03+ E320's were going for. I found a base model with 62k on it black black in my area for $16k. I was shocked 
so I called them and they said it was a clean title, 1 owner car.
I asked if any inspections were done at the car and they said yes and if I wanted could take it anywhere even Mercedes and that they would pay for it
I also found numerous E500's with anywhere from 40-70k miles from $18-23k depending on what options the car had and of course mileage.
Wait until the new body comes out. You will see W211 they will REALLY drop in value
so I called them and they said it was a clean title, 1 owner car. I asked if any inspections were done at the car and they said yes and if I wanted could take it anywhere even Mercedes and that they would pay for it
I also found numerous E500's with anywhere from 40-70k miles from $18-23k depending on what options the car had and of course mileage.
Wait until the new body comes out. You will see W211 they will REALLY drop in value
MBWorld Fanatic!
Joined: May 2007
Posts: 1,252
Likes: 18
From: Blaine, WA
07 E320 Bluetec
Don't torture yourself if your car's value dropped; think of the good times you've had enjoying your vehicle. There will always be newer things around the corner; this does not mean we regret what we purchased yesterday. For those looking for bargains, it is a great time to purchase a vehicle or for the matter, anything.
Trending Topics
Senior Member
Joined: Nov 2007
Posts: 296
Likes: 0
From: 90049, socal
2011 E350; 2007 Expedition
yup, don't think about it, nothing you can do about it anyway. I am just glad i got mine when the lease rates were still low in July.
times like these it is a buyers market for anything. CASH is king right now.
andy
times like these it is a buyers market for anything. CASH is king right now.
andy
MB World Stories
The Best of Mercedes & AMG
7 Craziest Things AMG Gas Ever Built
Verdad Gallardo
New Electric Mercedes-AMG GT 4-Door Coupe Unveiled: 10 Things You Need to Know
Verdad Gallardo
6 Mercedes Models That Did NOT Age Well (But Are Somehow Still Cool)
Verdad Gallardo
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
Out Of Control!!
Joined: Jun 2008
Posts: 10,557
Likes: 24
From: Earth
Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
That's depressing. Well I figure if I can get $15K or so for mine when I'm done with her in a guestimated 4 years or so, I could make my downpayment back, then it would be like I leased the car for just over $300 a month, that makes me feel good....when thinking about it like that.....IF I can get $15K for it when I'm done THIS WAS A $62K CAR DAMNIT!!
The market is really good right now and EVERYTHING can be had for cheap, you can pretty much get any car for $15-$20K right now it seems, Z06's, every Luxury SUV (even cheaper than that, prices on even Range Rovers are peanuts), W220's (even S55's and S600's I've seen for low low $20's), anything practically.
I'm thinking of buying a second Car because of this.
THIS WAS A $62K CAR DAMNIT!!The market is really good right now and EVERYTHING can be had for cheap, you can pretty much get any car for $15-$20K right now it seems, Z06's, every Luxury SUV (even cheaper than that, prices on even Range Rovers are peanuts), W220's (even S55's and S600's I've seen for low low $20's), anything practically.
I'm thinking of buying a second Car because of this.
Member
Joined: Dec 2007
Posts: 183
Likes: 0
From: Brooklyn, NY
2011 BMW X5 SAV
That whole situation is crazy. I got my E350, P2, Sport, 4Matic with Panorama, Ipod, electronic trunk and folding seats for $549/month for 24 months with 7500 miles (I drive about 4K/year) and $1000 out the door on a $60,350 msrp on the car. Now I'm thinking of buying the car at the end of the lease if the residuals come down even more... Do you guys think MBUSA would be willing to deal?
Newbie
Joined: Oct 2008
Posts: 5
Likes: 0
From: washougal, wa
2003 E320
I just bought a black on white '03 E320 with 52K miles for $16400.. It was insanely clean and a 1 owner lease return. It's a beautiful car and hopefully will be a trouble free daily driver for me... The only bad thing is that the prior owner was a smoker,,, hopefully the smell will leave after time.
MBWorld Fanatic!
Joined: Mar 2004
Posts: 5,017
Likes: 16
From: Ft. Lauderdale Area, USA
2015 ML 350
That whole situation is crazy. I got my E350, P2, Sport, 4Matic with Panorama, Ipod, electronic trunk and folding seats for $549/month for 24 months with 7500 miles (I drive about 4K/year) and $1000 out the door on a $60,350 msrp on the car. Now I'm thinking of buying the car at the end of the lease if the residuals come down even more... Do you guys think MBUSA would be willing to deal?
Member
Joined: Dec 2007
Posts: 183
Likes: 0
From: Brooklyn, NY
2011 BMW X5 SAV
That is true, but if the going residuals are lower than the one spelled out in the contract wouldn't MBF be willing to negotiate on it? If the contract specifies $30K but the going rate is $20K, wouldn't MBF budge on the $30 figure? I would think so since taking the car back, transporting it, cleaning it and having it on the lot would cost MB money where if I'll just purchase it after lease they will save the $ and the hassle. Or am I incorrect?
MBWorld Fanatic!
Joined: Mar 2004
Posts: 5,017
Likes: 16
From: Ft. Lauderdale Area, USA
2015 ML 350
The reason I thought MB wouldn't charge you the lower residual is because your monthly lease payments were charged to you based on the residual the car's owner could expect when you gave them back the car. If the residual had been predicted to be lower at the time of the lease inception, your monthly payments therefore should have been higher. That's why I thought a deal is a deal. I cant see a lessor charging you a single monthly rate for your share of the car based on 2 different residual values for the turned in vehicle at lease end.
Member
Joined: Dec 2007
Posts: 183
Likes: 0
From: Brooklyn, NY
2011 BMW X5 SAV
The reason I thought MB wouldn't charge you the lower residual is because your monthly lease payments were charged to you based on the residual the car's owner could expect when you gave them back the car. If the residual had been predicted to be lower at the time of the lease inception, your monthly payments therefore should have been higher. That's why I thought a deal is a deal. I cant see a lessor charging you a single monthly rate for your share of the car based on 2 different residual values for the turned in vehicle at lease end.
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
Likes: 9
From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
Also means: Broken financial system + crappy economy + crappy benz resale values = Hot damn mad owners and investors.
Fixed that for ya! How the equation balances for you depends on what side of the balance you are on.
Newbie
Joined: Aug 2007
Posts: 14
Likes: 0
From: Atlanta, GA area
08 ML63 AMG, 04 E500, 05 SLK350
Hello... we just bought a 2004 E500 4Matic with 24,100 miles CPO with extended 3 yr warranty (1 yr CPO + 2 additional years) for $23k from a MB dealer in NY. Just serviced, new tires, new brakes. It's in really good condition.
Only thing is that it has only the regular sunroof, Nav, 6 disc, and heated seats. I bet if we settled for something with a little higher milage we could have gotten it with more toys for the same price.
I think the car had a sticker price a little over $60k when new.
Only thing is that it has only the regular sunroof, Nav, 6 disc, and heated seats. I bet if we settled for something with a little higher milage we could have gotten it with more toys for the same price.
I think the car had a sticker price a little over $60k when new.
Out Of Control!!
Joined: Jun 2008
Posts: 10,557
Likes: 24
From: Earth
Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
Was that $23K you got the car for, not including the extra 2 years and Tax, License, etc. or $23K out the door? That's a pretty good deal considering such low mileage.
