2011 E550 Search
#26
Senior Member
I am one of the lucky ones,I work at a Lexus dealer and we took in a 11 E550 on trade,40k miles,P2 and sport package,put it on front line for 37,000,no takers,know one liked the color,Designo Mauritius Blue/beige-black interior,I watched it as I do the used car recon and knew the car was perfect and it's service history,when it was about to be wholesaled I jumped and got the car for 29,000,I also contacted old owner and got him to transfer cpo to me,very lucky
#27
Senior Member
I wish I had an inside angle at a dealer or auction house. That way you can buy at such a good price and then sell later for little or no loss. Then it would be fun to try out different cars for a year or less without taking a hit.
A little of topic - I talked to a guy once who claimed that in the lost coast of northern California/southern Oregon there were no car dealers for miles and miles. So he would visit family in Sacramento a couple of times a year. He would fly down and then buy a car there and drive it back. He claimed he could always sell the car for more than he paid, covering the cost of his visit and pocketing some cash.
A little of topic - I talked to a guy once who claimed that in the lost coast of northern California/southern Oregon there were no car dealers for miles and miles. So he would visit family in Sacramento a couple of times a year. He would fly down and then buy a car there and drive it back. He claimed he could always sell the car for more than he paid, covering the cost of his visit and pocketing some cash.
#29
MBWorld Fanatic!
Do you do this as a business or just for your personal vehicles? I don't mind buying most things over the internet, but I am not sure I have the guts to do it with a car.
#30
Senior Member
You learn from your mistakes. I know which auctions to trust there condition reports and which not to trust. I know anything is ok to recon except a smokers car. That is hell to deal with, the auctions do list that info now but dealers generally do not.
The knowledge of the business helps. For example I just got a X3 for my wife that was previously bmw certified in 2013 and was traded in to a porsche dealer in 2014. Well bmw CPO carries over no matter who owns in unlike mb cpo, even if it goes to dealers or auctions. (they changed this in 2014) so i got a CPO bmw for under normal wholesale price. At a bmw dealer that is 4-5 k more at least. I can turn around and make a little on it but my wife likes it too much.
But yes it takes ***** and a lot of trust to buy a 40k car online sight unseen. You can get a feel of who to stay away from. Shady car lots, American dealers like ford franchise etc, these seemed to have the typical "used car salesman" ppl employed that would say any lie to make a sale.
I just picked up a mint 2012 Hyundai Sonata SE for a great deal if anyone is looking
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#31
MBWorld Fanatic!
While it seems like a business I would enjoy if I had the time and could partner with someone knowledgeable, I have never enjoyed the selling part when dealing with the general public. I would rather be the guy who helped friends and family get a good car at below retail price. Last car I owned I sold to a coworker for their kid. Car was in great shape, well maintained and they saved some money and I saved some time. I could have tried selling it myself and likely made hundreds more, maybe even a grand more, but I hate wasting my time with lowballers and tire kickers, as you say. Peolple don't show up to meet you or spend an hour going over the car and then try to get thousands off your asking price. I told my coworker the price - no haggling - they knew it was a good car. They waited a month for me to purchase my replacement car and then we closed the deal at the bank together - stress free. They would have waited another month if I needed them to.
#32
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2011 Mercedes Benz E550
I work for a large corporate dealer group,if a car does not sell within a certain period of time they will keep dropping the price or send to another one of the groups dealers or wholesale the car,in our case a Mercedes Benz dealer is right across the freeway so it is harder to sell MB cars here.Lets face it as a Lexus dealer MB are direct competition so most people who come in here are looking for a Lexus not a Mercedes.
#33
Super Member
I work for a large corporate dealer group,if a car does not sell within a certain period of time they will keep dropping the price or send to another one of the groups dealers or wholesale the car,in our case a Mercedes Benz dealer is right across the freeway so it is harder to sell MB cars here.Lets face it as a Lexus dealer MB are direct competition so most people who come in here are looking for a Lexus not a Mercedes.
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#34
Member
I search thru www.mbusa.com cpo inventory. The '11's are running in the low to mid-40k's. How overpriced is that??? Please advise. Also, how would I get the CPO warranty unless I get the car from the dealer?
Thx.
Thx.
#35
I search thru www.mbusa.com cpo inventory. The '11's are running in the low to mid-40k's. How overpriced is that??? Please advise. Also, how would I get the CPO warranty unless I get the car from the dealer?
Thx.
Thx.
With CPO, you will have an option to extend it for 2 more years, I was quoted $2500 when I got my E350.
#36
I believe the MB extended Limited warranty (better coverage than the CPO) can be bought for an additional 3 years beyond the initial 4/50K warranty as long as bought via MB dealers while the car is still in that initial warranty period and meets some other criteria. There are several MB finance people at dealers whom are recommended and will sell remotely.
#37
^ You can extend Limited warranty, I was quoted $2500 3/75k total miles, $3000 3/100k total miles. CPO has an advantage of unlimited mileage.
If you do not buy the car from MB dealer, get the vin and verify if the car qualifies, dealer that gave me the quote said some vehicles may not qualify.
If you do not buy the car from MB dealer, get the vin and verify if the car qualifies, dealer that gave me the quote said some vehicles may not qualify.
#38
MBWorld Fanatic!
If you can save enough money buying a non-cpo to cover the MB extended warranty, that is a no-brainer unless you drive a lot of miles. The MB extended is better than CPO.
#39
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2011 E550
There is a poster with access to the Mannheim auction data and will periodically post it. If I remember his last post good condition low mileage E550's were in the $33-37 range. Assuming $1K to get the car ready for sale, the cost of the CPO warranty,profit and overhead I would assume $38-$43 would be the range from a dealer.
The extended warranty is better than the CPO unless you drive a lot. Then the unlimited mileage on the CPO warranty is a great deal.
The extended warranty is better than the CPO unless you drive a lot. Then the unlimited mileage on the CPO warranty is a great deal.
#40
Latest auctions for 2011 550 W4: high price at $31K, low $24K, average $27K. Estimated Retail is $31K - $37K. Very low number of cars however - about a dozen June 4 to July 2.
#41
Senior Member
Above Average Below
Sale Price $33,467 $29,344 $25,221
Odometer 22,411 44,821 67,232
Total Sold All 10
06/17/14 DALLAS Lease $30,100 41,008 Avg WHITE 8G A Yes
06/18/14 PALM BCH Regular $32,000 34,833 Above STL GRY 8G A Yes
06/19/14 RIVRSIDE Lease $27,750 44,931 Avg CPR BLU 8G A Yes
06/23/14 DFW Regular $37,100 25,914 Above White 8CY A No
06/24/14 HOUSTON Lease $24,400 78,108 Below GRAY 8G A Yes
06/25/14 SF BAY Lease $32,500 27,175 Above STL GRY 8G A Yes
06/25/14 SF BAY Lease $31,250 36,322 Avg DIA WHT 8G A Yes
06/25/14 ATLANTA Regular $31,100 29,629 Avg SILVER 8G A Yes
07/02/14 DALLAS Regular $27,500 51,236 Avg BLUE 8G P Yes
07/02/14 CALIFORN Regular $27,500 60,147 Avg BLACK 8G A Yes
Last edited by kash2014; 07-04-2014 at 12:15 PM.
#42
MBWorld Fanatic!
the Above Average Low Mileage ones are a little more at least on manheim, but there aren't very many like you said - 2wd
Above Average Below
Sale Price $33,467 $29,344 $25,221
Odometer 22,411 44,821 67,232
Total Sold All 10
06/17/14 DALLAS Lease $30,100 41,008 Avg WHITE 8G A Yes
06/18/14 PALM BCH Regular $32,000 34,833 Above STL GRY 8G A Yes
06/19/14 RIVRSIDE Lease $27,750 44,931 Avg CPR BLU 8G A Yes
06/23/14 DFW Regular $37,100 25,914 Above White 8CY A No
06/24/14 HOUSTON Lease $24,400 78,108 Below GRAY 8G A Yes
06/25/14 SF BAY Lease $32,500 27,175 Above STL GRY 8G A Yes
06/25/14 SF BAY Lease $31,250 36,322 Avg DIA WHT 8G A Yes
06/25/14 ATLANTA Regular $31,100 29,629 Avg SILVER 8G A Yes
07/02/14 DALLAS Regular $27,500 51,236 Avg BLUE 8G P Yes
07/02/14 CALIFORN Regular $27,500 60,147 Avg BLACK 8G A Yes
Above Average Below
Sale Price $33,467 $29,344 $25,221
Odometer 22,411 44,821 67,232
Total Sold All 10
06/17/14 DALLAS Lease $30,100 41,008 Avg WHITE 8G A Yes
06/18/14 PALM BCH Regular $32,000 34,833 Above STL GRY 8G A Yes
06/19/14 RIVRSIDE Lease $27,750 44,931 Avg CPR BLU 8G A Yes
06/23/14 DFW Regular $37,100 25,914 Above White 8CY A No
06/24/14 HOUSTON Lease $24,400 78,108 Below GRAY 8G A Yes
06/25/14 SF BAY Lease $32,500 27,175 Above STL GRY 8G A Yes
06/25/14 SF BAY Lease $31,250 36,322 Avg DIA WHT 8G A Yes
06/25/14 ATLANTA Regular $31,100 29,629 Avg SILVER 8G A Yes
07/02/14 DALLAS Regular $27,500 51,236 Avg BLUE 8G P Yes
07/02/14 CALIFORN Regular $27,500 60,147 Avg BLACK 8G A Yes
#43
I too have a dealer's license here in NJ. And like the other gent in VA, It's a side gig... I do 2 cars a month or so...
I stumbled across my 2011 E550 w4 at Manheim NJ on 7/02. I had taken a couple days off surrounding the holidays. So I figured I might as well go to the auction to see how things are. I ended up with a 2011 e550 w4, sport, p2 pano, parking sensors, massage driver seat etc. Had 64k on the odo but had a 4.4/5 Condition report, clean carfax, and was being sold by a local new car BMW store. Paid a song for it.
Other than needing new rotors / pads up front (bc of the typical shimmy "warped rotors") the car is perfect. So there ARE deals to be had if you are patient and have access to the auctions - or someone willing to buy a car out of the auction for you.
Take care,
George
I stumbled across my 2011 E550 w4 at Manheim NJ on 7/02. I had taken a couple days off surrounding the holidays. So I figured I might as well go to the auction to see how things are. I ended up with a 2011 e550 w4, sport, p2 pano, parking sensors, massage driver seat etc. Had 64k on the odo but had a 4.4/5 Condition report, clean carfax, and was being sold by a local new car BMW store. Paid a song for it.
Other than needing new rotors / pads up front (bc of the typical shimmy "warped rotors") the car is perfect. So there ARE deals to be had if you are patient and have access to the auctions - or someone willing to buy a car out of the auction for you.
Take care,
George
#44
MBWorld Fanatic!
I too have a dealer's license here in NJ. And like the other gent in VA, It's a side gig... I do 2 cars a month or so...
I stumbled across my 2011 E550 w4 at Manheim NJ on 7/02. I had taken a couple days off surrounding the holidays. So I figured I might as well go to the auction to see how things are. I ended up with a 2011 e550 w4, sport, p2 pano, parking sensors, massage driver seat etc. Had 64k on the odo but had a 4.4/5 Condition report, clean carfax, and was being sold by a local new car BMW store. Paid a song for it.
Other than needing new rotors / pads up front (bc of the typical shimmy "warped rotors") the car is perfect. So there ARE deals to be had if you are patient and have access to the auctions - or someone willing to buy a car out of the auction for you.
Take care,
George
I stumbled across my 2011 E550 w4 at Manheim NJ on 7/02. I had taken a couple days off surrounding the holidays. So I figured I might as well go to the auction to see how things are. I ended up with a 2011 e550 w4, sport, p2 pano, parking sensors, massage driver seat etc. Had 64k on the odo but had a 4.4/5 Condition report, clean carfax, and was being sold by a local new car BMW store. Paid a song for it.
Other than needing new rotors / pads up front (bc of the typical shimmy "warped rotors") the car is perfect. So there ARE deals to be had if you are patient and have access to the auctions - or someone willing to buy a car out of the auction for you.
Take care,
George
And if you don't mind, can you share how much the song was?
#45
Given how few E550's showed up on that June monthly report, you were lucky they had one available - one in good condition at that. Did you go over the car thoroughly before bidding? Do they let you drive it so you knew about the rotors beforehand?
And if you don't mind, can you share how much the song was?
And if you don't mind, can you share how much the song was?
There were actually TWO e550 w4's at the auction. One with 56k in black, which brought 30,900 and mine which is silver had 63k and I scored for 23,200 - plus auction fees of about $450. Mine was in the first 10 cars to run, it was 100+ degrees out, on a holiday weekend.
Take care,
George
#46
MBWorld Fanatic!
No I have never been to one since I don't have access. It seems like it would be interesting to see though. Shopping there is another story, but I could see how if you knew what you wanted and could be patient then you could eventually get something close to what you want if you were willing to travel to get it. None of those reported sales were within 500 miles of me.
And thanks for sharing the prices. That is quite a price difference between those two cars over just 7k difference in miles. To your benefit of course. Seems like a good find.
And thanks for sharing the prices. That is quite a price difference between those two cars over just 7k difference in miles. To your benefit of course. Seems like a good find.
#47
No I have never been to one since I don't have access. It seems like it would be interesting to see though. Shopping there is another story, but I could see how if you knew what you wanted and could be patient then you could eventually get something close to what you want if you were willing to travel to get it. None of those reported sales were within 500 miles of me.
And thanks for sharing the prices. That is quite a price difference between those two cars over just 7k difference in miles. To your benefit of course. Seems like a good find.
And thanks for sharing the prices. That is quite a price difference between those two cars over just 7k difference in miles. To your benefit of course. Seems like a good find.
Any licensed dealer can purchase a car through any Manheim auction in the country, either in person or online. As drsaab was saying, you have to reply on condition reports, instinct, and well, ***** to buy a car sight unseen. I've done it many times for many people, but I usually stay within cars that are under factory warranty when buying blind.
My brother actually buys and sells cars in Miami and goes to the west palm beach and orlando auctions regularly. He usually deals in higher end stuff. RR's, Bentleys, Near new 911's etc. But he can scope out a car in person if needed.
These are the transactions for e550 RWD cars in the past month:
06/17/14 DALLAS Lease $30,100 41,008 Avg WHITE 8G A Yes
06/18/14 PALM BCH Regular $32,000 34,833 Above STL GRY 8G A Yes
06/19/14 RIVRSIDE Lease $27,750 44,931 Avg CPR BLU 8G A Yes
06/23/14 DFW Regular $37,100 25,914 Above White 8CY A No
06/24/14 HOUSTON Lease $24,400 78,108 Below GRAY 8G A Yes
06/25/14 SF BAY Lease $32,500 27,175 Above STL GRY 8G A Yes
06/25/14 SF BAY Lease $31,250 36,322 Avg DIA WHT 8G A Yes
06/25/14 ATLANTA Regular $31,100 29,629 Avg SILVER 8G A Yes
07/02/14 DALLAS Regular $27,500 51,236 Avg BLUE 8G P Yes
07/02/14 CALIFORN Regular $27,500 60,147 Avg BLACK 8G A Yes
AND HERE IS E550W4 4MATIC CARS
06/11/14 KC Lease $28,000 50,784 Avg BLACK 8G A Yes
06/12/14 PA Lease $27,500 67,311 Avg BLACK 8G P Yes
06/12/14 PA Lease $27,500 55,976 Avg BLACK 8G P Yes
06/13/14 PA Regular $28,500 53,444 Avg BLACK 8G A Yes
06/25/14 KC Lease $28,000 50,237 Avg STL GRY 8G A Yes
06/26/14 PA Lease $35,250 32,579 Above ARC WHT 8G P Yes
06/26/14 PA Regular $27,500 60,031 Avg IRI SIL 8G P Yes
06/27/14 PA Regular $26,750 68,778 Avg BLACK 8G A Yes
07/02/14 NJ Regular $30,900 56,406 Avg BLK 8G A Yes
07/02/14 NJ Regular $23,200 63,981 Below SILVER 8G A Yes
What's interesting is that Manheim automatically considers my car "below avg" condition because it did so much less than all the others... Even though it's near perfect and had a 4.4/5 condition report.
Take care,
George
Last edited by dirtyguido; 07-08-2014 at 07:16 PM.
#48
MBWorld Fanatic!
Good to know there is a presale list so you at least know what to target. I suppose they let you see pictures and condition reports ahead of time. And if there is a VIN on display you could check the history.
Rather than sell it, you can drive it for a few years and probably sell it for what you paid easy. Well done.
Rather than sell it, you can drive it for a few years and probably sell it for what you paid easy. Well done.
#49
Good to know there is a presale list so you at least know what to target. I suppose they let you see pictures and condition reports ahead of time. And if there is a VIN on display you could check the history.
Rather than sell it, you can drive it for a few years and probably sell it for what you paid easy. Well done.
Rather than sell it, you can drive it for a few years and probably sell it for what you paid easy. Well done.
I really like the car, and I do think I will keep it for a while... A few years ago I had an 04 e500, they have sure come a long way since then.
Take care,
George
#50
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2011 E550 2011 Lexus GX460 2006 911 C4S cab. 2012 Jeep Sahara
Another opinion - I have purchased and sold a lot of high end cars for my personal enjoyment. I never bought the cheapest car, or an auction car ever. I want to always know the detailed history, the service, ownership, and different states the car has been in or through. You get what you pay for, and that is called "minimizing your risk" with any high end car. Due diligence is not looking at a car in an auction line.