Help w/ potential purchase!
Thread Starter
Newbie
Joined: Jun 2003
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Help w/ potential purchase!
My wife and I found a 2002 ML500 today that she fell in love with.
The '02 only has 2500 miles (trade-in) and has the following options: M3 (convenience), M5 (sunroof), and Bose sound system.
The car is in fantastic shape and for all accounts and purposes is brand new.
The dealer is asking ~$40,000. I was looking for opinions as to what price is reasonable for this ML, anything we need to look for, and anything the ML should have that I will have to upgrade to later.
Thanks!
The '02 only has 2500 miles (trade-in) and has the following options: M3 (convenience), M5 (sunroof), and Bose sound system.
The car is in fantastic shape and for all accounts and purposes is brand new.
The dealer is asking ~$40,000. I was looking for opinions as to what price is reasonable for this ML, anything we need to look for, and anything the ML should have that I will have to upgrade to later.
Thanks!
Senior Member
Joined: Sep 2002
Posts: 268
Likes: 1
From: San Diego
ML430, Mini Cooper S and Porsche 911 Twin Turbo
Ask yourself why it was traded in ?
Might be a perfectly innocent reason - or it could be a lemon. Ask to see it's service history.
Even 02's are not without their problems as be seen from this link.
As for 40k - given the softness of the used market and especially for ML's I'd say it was over priced. I'd say something in the region 30 to 35 k max
Even 02's are not without their problems as be seen from this link.
As for 40k - given the softness of the used market and especially for ML's I'd say it was over priced. I'd say something in the region 30 to 35 k max
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Joined: Dec 2002
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MB
Re: Ask yourself why it was traded in ?
Originally posted by timdf
Might be a perfectly innocent reason - or it could be a lemon. Ask to see it's service history.
Even 02's are not without their problems as be seen from this link.
As for 40k - given the softness of the used market and especially for ML's I'd say it was over priced. I'd say something in the region 30 to 35 k max
Might be a perfectly innocent reason - or it could be a lemon. Ask to see it's service history.
Even 02's are not without their problems as be seen from this link.
As for 40k - given the softness of the used market and especially for ML's I'd say it was over priced. I'd say something in the region 30 to 35 k max
Originally posted by Adam S (KC)
The '02 only has 2500 miles (trade-in) and has the following options: M3 (convenience), M5 (sunroof), and Bose sound system.
The car is in fantastic shape and for all accounts and purposes is brand new.
The dealer is asking ~$40,000. I was looking for opinions as to what price is reasonable for this ML, anything we need to look for, and anything the ML should have that I will have to upgrade to later.
Thanks!
The '02 only has 2500 miles (trade-in) and has the following options: M3 (convenience), M5 (sunroof), and Bose sound system.
The car is in fantastic shape and for all accounts and purposes is brand new.
The dealer is asking ~$40,000. I was looking for opinions as to what price is reasonable for this ML, anything we need to look for, and anything the ML should have that I will have to upgrade to later.
Thanks!
Last edited by toniusbenz; Jun 23, 2003 at 03:19 PM.
Thread Starter
Newbie
Joined: Jun 2003
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Discounts on 2002's?
I have recently read that MB was discounting '02s up anywhere from $6K-$8K by the end of the year. on top of that, this car is almost 2 model years old with the redesign right around the corner.
I have to agree that it should go for somewhere between $30K-35K. However, convincing the dealer of that is a different question...
I have to agree that it should go for somewhere between $30K-35K. However, convincing the dealer of that is a different question...
Member
Joined: Oct 2002
Posts: 224
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From: San Francisco
2002 CLK320
kelly blue book has the trade-in value at $36k so dealer marked it up $4k to make a profit.
Private party sale is $39k.
Don't sound to anxious or they will pull you in like a sucker.
I'd try to offer $37-38k at most and see if they bite. Never ever go with first or second pricing from dealer.
Don't you hate the BS dealers come up with: "My boss said we can do blah blah amount but we're not making very much on it or not making a dime on it because we really want to get rid of it"
We just got a new 2003 ML500 over the weekend, and we stuck with our price of $100 over invoice and wouldn't budge on the crap they offered for our jeep trade-in which came out to be $1k less than what we wanted but eventually they caved in. The wanted $1500 over invoice also, but got them down to $100? So they basically tried to sucker us into paying $2500 more!
Private party sale is $39k.
Don't sound to anxious or they will pull you in like a sucker.
I'd try to offer $37-38k at most and see if they bite. Never ever go with first or second pricing from dealer.
Don't you hate the BS dealers come up with: "My boss said we can do blah blah amount but we're not making very much on it or not making a dime on it because we really want to get rid of it"
We just got a new 2003 ML500 over the weekend, and we stuck with our price of $100 over invoice and wouldn't budge on the crap they offered for our jeep trade-in which came out to be $1k less than what we wanted but eventually they caved in. The wanted $1500 over invoice also, but got them down to $100? So they basically tried to sucker us into paying $2500 more!
Member
Joined: Feb 2002
Posts: 80
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From: Waikoloa HI
1999 ML430
nellee, you should have shopped for a 500 in SoCal. Last I checked they were selling for 2K under invoice. Anyway, 40K for a used 02 is a little high. Dealers always buy back of low book. I would say 37K is a fair price.
Member
Joined: Oct 2002
Posts: 224
Likes: 0
From: San Francisco
2002 CLK320
Originally posted by BillM
nellee, you should have shopped for a 500 in SoCal. Last I checked they were selling for 2K under invoice. Anyway, 40K for a used 02 is a little high. Dealers always buy back of low book. I would say 37K is a fair price.
nellee, you should have shopped for a 500 in SoCal. Last I checked they were selling for 2K under invoice. Anyway, 40K for a used 02 is a little high. Dealers always buy back of low book. I would say 37K is a fair price.
