pj57

Hi - can anyone provide info on Manheim prices? Specifically, I'm in the market for a 2011 E550 coupe. Quite a few are coming off of lease and with model redesign, I'm trying to get a gauge on price trends. Thanks, PJ

kash2014

01/23/14 NEVADA Lease $27,250 52,068 Avg CPR BLU 8G A Yes
01/30/14 RIVRSIDE Lease $37,000 11,212 Above MARS RED 8G A Yes
02/06/14 PA Lease $38,000 18,258 Above DIA WHT 8G P Yes
02/20/14 PA Regular $27,250 40,872 Avg STL GRY 8G P Yes
03/13/14 PALM BCH Lease $31,200 22,162 Avg BLACK 8G A Yes
03/20/14 PA Regular $35,500 13,737 Avg BLACK 8G P Yes


good luck in your search

pj57

Thanks Kash! This is great info...kinda cool when you can match a car that was sold at auction with a dealer's inventory. I don't expect to get a car a wholesale, but at least I know their starting point. Would you mind running a report for a 2011 E350 Coupe so I can compare the two models? In my very unscientific research, it seems the E350s are retaining their value better than the E550s. Not sure why that is, but used retail prices for the two models are closer than I would have expected. Regards, PJ

kash2014

2011 e350 C transactions

02/25/14 NEWENGLD Regular $31,800 8,154 Avg Gray 6CY A Yes
02/27/14 RIVRSIDE Lease $30,250 22,609 Avg PAL SIL 6G A Yes
02/27/14 RIVRSIDE Lease $30,000 35,976 Avg ARC WHT 6G A Yes
02/27/14 RIVRSIDE Lease $27,500 38,073 Below CPR BLU 6G A Yes
02/27/14 RIVRSIDE Lease $26,750 49,065 Below STL GRY 6G A Yes
03/04/14 HOUSTON Regular $31,500 19,557 Avg BLACK 6G A Yes
03/05/14 SF BAY Lease $32,000 7,270 Above MYST RED 6G A Yes
03/05/14 SF BAY Regular $26,750 29,466 Below STL GRY 6G A No
03/05/14 NASHVILL Regular $31,000 17,503 Avg BLACK 6G A Yes
03/06/14 TX HOBBY Regular $29,000 42,259 Avg BLACK 6G A Yes
03/06/14 PA Lease $30,250 30,940 Avg ARC WHT 6G P Yes
03/06/14 PA Regular $27,750 49,311 Avg BGACK 6G P Yes
03/11/14 ST LOUIS Regular $30,000 38,723 Avg BLACK 6G A Yes
03/11/14 ORLANDO Lease $29,000 20,993 Avg GRAY 6G A Yes
03/12/14 PALM BCH Regular $29,000 41,499 Avg ARC WHT 6G A Yes
03/12/14 PALM BCH Regular $28,500 26,709 Avg BLACK 6G A Yes
03/13/14 RIVRSIDE Lease $29,500 34,068 Avg PAL SIL 6G A Yes
03/13/14 RIVRSIDE Lease $29,000 25,282 Avg IRI SIL 6G A Yes
03/13/14 RIVRSIDE Lease $28,500 39,010 Avg CPR BLU 6G A Yes
03/13/14 DFW Lease $31,500 23,084 Avg IRI SIL 6G A Yes
03/14/14 PA Regular $27,350 48,268 Below BLUE 6G P Yes
03/20/14 TX HOBBY Regular $30,300 39,358 Avg RED 6G A Yes
03/20/14 SO CAL Regular $35,200 1,697 Above RED 6G A Yes
03/20/14 PA Regular $32,000 27,920 Above WHITE 6G P Yes
03/20/14 PA Lease $24,750 66,680 Below PAL SIL 6G P Yes
03/20/14 NEVADA Lease $32,250 17,363 Above IRI SIL 6G A Yes
03/20/14 NEVADA Lease $28,750 33,395 Avg BLACK 6G A Yes
03/20/14 NEVADA Lease $27,750 42,054 Avg BLACK 6G A Yes

kash2014

summary

For Week Ending Mar 20
$32,931 $29,672 $26,413
Odometer 15,682 31,364 47,046

Total Sold All 28

drsaab

just a FYI

It does give you a good idea, but note that auction prices do not include any Reconditioning such as, maintenance, tires, dings, bumper refinish, detailing, etc.

It does not include transportation, or floorpan fees.

It does not include the Auction fee paid to manheim/adesa/etc. $350-$500

So Sometimes it looks like the dealer is makiing 3k over auction, but to get it retail ready, it may have took 2k recon. So there is 1 k profit.

Each car has to be looked at closely to see what was done/needed to get a real estimate for recon/profit potential. If a car was in the auction and simply needs a quick detail to get retail ready, it will probably also be on the high side in the auction. If it has paint work/frame damage/bad carfax it will be on the low side.

I would spend avg 1k-1500 to recon a car, but my cars would look as good as a certified or carmax cars.

When doing custom orders, most ppl would think they can get the pristine car at he low side of the auction price. Did not happen too often.

pj57

I certainly understand that there are costs associated with auctions and that dealers have to work hard to make a profit. What's valuable to me is that based on the Manheim info Kash provided, there isn't a much of a price difference in "above average" E350s and E550s. I'm not sure why that is because there's a big difference in performance and standard equipment between the two. Based on what I'm seeing, it looks like the E550 is the better value. I've actually seen similarly equipped E350s be listed at or near E550 prices. Interesting stats.

kash2014

I'm not sure if gas prices have to do with anything, they have crept up slowly, premium fuel close to 4 dollars here in Texas.

My friend was in the market for an X5, and the 4.8s where too good of a deal too pass up.

drsaab

That has always been the case forever. Most ppl don't want the v8 or airmatic issues on a used car. The v6 is powerful enough. There buying used so money is a factor so fuel economy is a factor a well as future repairs. More toys equals more repairs too. Same for any brand as a honda accord lx 4 cyl retains more of it's value than a honda accord lx 6 cyl. Toyota Camry le 4cyl vs le v6 etc etc.

SLpat

I just recently got an 2011 E550 after initially looking at an E350. I saw exactly the same thing, while the new 550 was a lot more when you look at a 3 year old vehicle there was not much of a change. After looking at this forum and other repair info I was concerned about the airmatic issue. I ended up going with a CPO and added in the additional two years at what I thought was a reasonable amount. I ended up with 49 months and unlimited mileage with the airmatic covered. With the cost about the same it seemed like you got a lot more for your money. Mileage isn't an issue since I got rid of an Escalade with a combined mileage for me of 14.5 miles per gallon and I am averaging 20.9 on the E550 for the first 1,500 miles.

pj57

SLpat - my thinking is the same. Whatever I bought I would go with an extended warranty. Which leads to the next dilemma. CPO versus aftermarket warranty. Seems to me the Benz warranty would be better, especially now with unlimited miles (not that I would be going that far). I don't know about other warranties other than CPO. Nicest car I've seen is a 2011 E550 in diamond white. Has all options -$70K msrp. 14K miles, clean Carfax. $42K. Warranty expires 12/14. Dealer isn't budging on price. Nice car, but...price seems a bit high, especially since I'll be hanging in the breeze with no warranty after December. Are there any truly reliable extended warranty companies out there? Any thoughts regarding price and warranty options? Thanks, PJ

kash2014

If you are going to buy a NON CPO merc with any factory warranty remaining just go buy yourself an extended MB factory warranty.

I had 8 months of factory warranty remaining and bought myself 3 more years/75000 for around 2400.

I don't want to deal with 3rd party warranty companies, not with a mercedes anyways.

pj57

Was told by salesman at Ft. Lauderdale MB that only the original owner could purchase extended MB warranty. I should have known better than to believe a @$!# car salesman! Any opinions on the $42K E550?

SLpat

The prices bounce around based on mileage and what is on the car. The one I got had the P2 package as well as the distronic. The other issue is availability. In Houston they will have 20 CPO E350's and 1 E550 so they are harder to find.
The price based on the mileage is in line with what I saw in Houston for a fully loaded E550 with less than 15K in mileage.

kash2014

I think it is a good deal.

Here are the last 3 that sold at auction
03/26/14 NJ Regular $37,750 16,054 Above WHITE 8G A No
03/26/14 DALLAS Regular $33,250 22,166 Avg BLACK 8G A Yes
03/27/14 RIVRSIDE Lease $33,000 27,626 Avg IRI SIL 8G A Yes

37750 for above average similar to the one you are looking at @ auction.

And if you are going to buy an extended warranty

If it costs still costs you around 1900 for the extra 2 years of CPO warranty (it did in January) that is like saving 1000 dollars compared 100k MB extended warranty you can buy if you bought a non CPO warranty merc.

Bringing your effective price down to 41K

1.99% interest if you are financing.

I think it is a great deal pull the trigger especially if it has the distronic package/blind spot options

pj57

The E550 is at an independent dealer. I can get 1.99 or close at my credit union. Hmmm????

kash2014

I actually think its a pretty good deal, I use this dealership to gauge prices.

This is a 65000 MSRP car for 40K with similar miles. This dealership is really competitive in Texas, very clean, and they generally price their cars 1000 - 2K more than what they paid and put into them - no haggle pricing.

http://www.texascarsdirect.com/tcd/i...es-benz-122187

If yours is a MSRP 70k, TCD would probably list @ 41K or even 42K

You are paying a fair price.

Don't buy a third party warranty from them.

Texas Cars Direct wanted to sell me their 3rd party warranty for I think 3000 or so I don't remember but a total of 8 years, but I'd rather have 1 less year with MB backing everything up and loaner cars till then, without dealing with any potential drama of a 3rd party warranty company

If it is the car you have been looking for, and the tires have great treadwear on them, I would recommend you pull the trigger. The price is pretty much right IMO

drsaab

I also was under the impression you can not buy a ELW from MB unless you are the original owner. Did they know you are the second owner or you just said I need an extended warranty and it was done. pretty cool if you can get the ELW now.

kash2014

Not sure what the answer is many c63 second owners have been able to purchase ELW, although a few were denied in this thread.

https://mbworld.org/forums/c63-amg-w...-denial-2.html

There is nothing in the brochure that suggests a second owner can't purchase the ELW.

http://www.mbusa.com/vcm/MB/DigitalA...d_warranty.pdf

I hope I'm not the exception to the rule, because I am looking to buy another non CPO used merc in the next few months and I will have to think twice about it if I can't get a factor ELW. I will ask on Monday when I go in for some warranty work to see when my warranty will expire, just to make sure everything went through and get back to y'all. If it's in the system I guess I'm good to go, but I'm not going to lie I am a little nervous now!

kash2014

PJ57, I can't find the exact answer and I'd call MBUSA and see what is up.

02-01-2014, 10:04 PM #28
Dsurr
Junior Member


Join Date: Jan 2014
Posts: 41
Drives: 2012 e550 coupe and 2012 S550
By the way, folks, Mercedes's ELW (Extended Limited Warranty) is ONLY available on non-CPO's and it doesn't matter if you are the original owner. If you purchased a CPO, then you are not eligible for the ELW, which is the best warranty that Mercedes offers. Instead, all that would be available to you is a Mercedes CPO extended warranty, which is not bad but it's a named components coverage, as opposed to the ELW, which is an exclusionary warranty (the only things that are excluded that are otherwise included in the original 4 year/50K mile warranty is trim, wind noise and battery).


https://mbworld.org/forums/e-class-c...0-coupe-2.html


He seems to be a very knowledgeable poster over in the ecoupe forum maybe you can ask him where he got his information from

kash2014

Don't ask Don't tell I guess,

Vin, Mileage, quote, Agree, Credit Card Info and have a great day is how it went. Didn't take more than 5 minutes

I can't find anything in the contract that precludes a second owner from buying the ELW, I'm not a lawyer but to me it clearly says that if the car is under the original factory warranty an ELW can be bought, I'm pretty sure if only the "original owner" could purchase an ELW they would of stipulated so.

"This Extended Limited Warranty Agreement can only be purchased while the vehicle is covered by the original Mercedes-Benz New Vehicle Limited Warranty. Out-of-warranty vehicles are ineligible for Extended Limited Warranty coverage."


http://extendedlimitedwarranty.merce...rage-documents


Again I'm not a lawyer but I think I can't transfer my extended warranty to a subsequent private party purchaser, but since I plan on keeping it more than 7 years I don't think this will be a problem

"This Agreement cannot be transferred if the title transfer of the vehicle passes through an entity other than the subsequent buy or if the vehicle is sold or traded to a dealership, leasing agency or entity/individual in the business of selling vehicles."

drsaab

So there is a lot of misinformation.

100% a CPO or elw can be transferred in a private party sale . But not if you trade to a dealer. Mostly all extended warranties are the same.

A CPO warranty is same as elw. Meaning trim etc is not covered but other items are pretty much bumper to bumper. Bushings shocks etc etc


Still the unanswered question is if you can get a elw as a second owner. Which I have heard verbally and many times on this forum is a big NO. But it may be possible to slip through the cracks as we see. Unless policy has changed. The other threads could not find it in writing either about the first owner getting elw only on the mbusa site. I'm pretty sure it's in the system on your car. It's just a computer entry. Takes a second on netstar to enter the data.

kash2014

Since I can't call during the day (work in the hospital), I had my dad repeatedly call over a week to get the ELW for me.

Just spoke to my pops and he told the finance guy that we had just purchased the car, and what dealership we purchased it from (non MB dealer) and everything went through without a problem.