Planning on Selling MY G550 what should be my asking price
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From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
Just traded by '19 G550 with 22k miles on a 22 G63. I needed to pull the trigger as my corporations fiscal year closes this month and I wanted to take advantage of IRC 179 business deduction for vehicles (bus equipment) over 6000 GVW. This is the last year you can take a 100% depreciation with bonus. I noticed in the two weeks i was looking, prices on the G63's dropped significantly largely due to the interest rates. MB financial went from 2.99 to 6.99! I saw prices drop on '21's G63 drop $25-50K in a week.
I was happy with the G550 as I took it off roading had Nitto Ridger Runners (fyi great on and off road tires). But I'm more happy with G63!
aka Jimmy
I was happy with the G550 as I took it off roading had Nitto Ridger Runners (fyi great on and off road tires). But I'm more happy with G63!
aka Jimmy
Thread Starter
Newbie
Joined: Nov 2010
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2000 S500
I suggest reach out to MB Woodlands. I used them I also received a similar offer from MB Greenway. I think the demand in Houston TX is still high for some reason.
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Joined: Aug 2021
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G550
Same issue here... I have a beautiful black 2021 G550 with only 1900 miles...pristine!!
Listed for a while trying to get top dollar. Got a bunch of low ball offers. And then crickets 1 month ago! Not a single inquiry since!
It is on Cargurus for $173K which appears to be the best price for a 2021 with low miles, but no interest whatsoever. Went to dealer yesterday and was offered $150K. If they offer this, you know they plan to list at $170K or so.
That is the nature of supply and demand. I guess we missed the window of opportunity.
But for any readers that know somebody looking, mine is available for a very good price!
For any dealers reading this, I am looking to trade down to a new GLB.
But for now, I will continue to enjoy the G wagon and just yesterday got oogled by a motorhead at a fast food restaurant and got a wave from a passing G wagon on the road!
Good luck to all sellers and shoppers!
Listed for a while trying to get top dollar. Got a bunch of low ball offers. And then crickets 1 month ago! Not a single inquiry since!
It is on Cargurus for $173K which appears to be the best price for a 2021 with low miles, but no interest whatsoever. Went to dealer yesterday and was offered $150K. If they offer this, you know they plan to list at $170K or so.
That is the nature of supply and demand. I guess we missed the window of opportunity.
But for any readers that know somebody looking, mine is available for a very good price!
For any dealers reading this, I am looking to trade down to a new GLB.
But for now, I will continue to enjoy the G wagon and just yesterday got oogled by a motorhead at a fast food restaurant and got a wave from a passing G wagon on the road!
Good luck to all sellers and shoppers!
MBWorld Fanatic!
Joined: Oct 2019
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From: Colorado
G550
When interest rates were cut to zero by the Fed, it unleashed economic demand for houses and automobiles (which was the intent). Prices were bid up well over existing market value entirely because people could get cheap money. Prices in both sectors are now sinking, and hopefully those who are now underwater can continue to make payments, or it'll be 2008 all over again. If I were in the market for either a house or a G, I'd be waiting a few more months, because IMO we've not yet hit rock bottom (assuming I am not relying on financing). IIWY, I'd sell the G now and wait for the 5%+ financing rates to moderate the market to the point that dealers are selling below MSRP. But if your G and the GLB are both financed, I'd do both deals ASAP.
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G63, 911S, ModelX, Tacoma
what do you feel is a fair profit you can live with, considering that the dealer is putting up cash and gambling that the market doesn’t drop, leaving him to sell it at a loss?
Last edited by gokro; Aug 8, 2022 at 01:42 PM.
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From: Colorado
G550
My dealer complimentary Carfax reports had last listed a trade valuation in March, and indicated $178K. Valuations went dark since then, but appeared again in August's report, which lists $151K (for an estimated 2K mile odometer increase). Clearly, resale values are moderating if Carfax statistics are credible.
MBWorld Fanatic!
Joined: Oct 2019
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From: Colorado
G550
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From: Hermosa Beach, CA
21 G63, 21 GLS580, 16 GTS Ed. 1
I think market for new 2022 is $40-50k ADM right now. you should be able to sale your 2021 for $190k easily, $200k not very hard if you have the right color and options.
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2020 G63, 2021 E450 All-Terrain Wagon
I think $190-200 might be hard if in SoCal - used, not high mileage 2021s are selling for around 200-210 now.
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From: Colorado
G550
My dealer has 3 G63s listed at +$100K and 1 G550 listed at +$50K, all on-lot. Hard to say what they'll sell for, but I think prices and demand are cooling a bit -- half as much ADM seems more realistic.
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From: Hermosa Beach, CA
21 G63, 21 GLS580, 16 GTS Ed. 1
My dealer, South bay mercedes sent me an offer for $40k over on 2022 G63. Prices are coming down just a bit.
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From: Washington DC
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MBWorld Fanatic!
Joined: Aug 2002
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From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
MBWorld Fanatic!
Joined: Oct 2019
Posts: 5,161
Likes: 1,772
From: Colorado
G550
This month's Carfax report pegs my '19 G550 at $3K below MSRP. Meanwhile, my dealer is badgering me with emails and letters to consider letting them buy it.
Used vehicles are especially profitable for them because the add-ons like extended warranties are an easy sell.
Used vehicles are especially profitable for them because the add-ons like extended warranties are an easy sell.
