Good price for 2016 S550 RWD, 31146 Miles
#1
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Thread Starter
Good price for 2016 S550 RWD, 31146 Miles
HI!
I am trying to make a deal on this car loaded as below.
Carfax and autocheck reports are clean and no issue.
My only concern is the dealer is not Authorized MB dealer, but it appears sell lot of leased MBs.
They have 10 times more s class inventory than DC area MB dealers.
Car has 31146 miles on it now.
What is the right price range on this vehicle you think?
I am trying to make a deal on this car loaded as below.
Carfax and autocheck reports are clean and no issue.
My only concern is the dealer is not Authorized MB dealer, but it appears sell lot of leased MBs.
They have 10 times more s class inventory than DC area MB dealers.
Car has 31146 miles on it now.
What is the right price range on this vehicle you think?
#3
Senior Member
With used cars, you get a much bigger discount with the higher optioned cars as the used car buyer does not want to pay for the extra options.
An extremely highly optioned car with MSRP at the 130K range, I'd pay 45 to 50% of MSRP. The car you're looking at is relatively low mileage so I'm with superpop. 65K.
Remember, the new S class is right around the corner, and when it is released, the W222 values will drop further. The car below is similar although it's a 2015, and it sold for around 58K six months ago. It still had manufacturers warranty of about six months in addition to a CPO warranty, and it spent its life in sunny California which raises the value significantly.
An extremely highly optioned car with MSRP at the 130K range, I'd pay 45 to 50% of MSRP. The car you're looking at is relatively low mileage so I'm with superpop. 65K.
Remember, the new S class is right around the corner, and when it is released, the W222 values will drop further. The car below is similar although it's a 2015, and it sold for around 58K six months ago. It still had manufacturers warranty of about six months in addition to a CPO warranty, and it spent its life in sunny California which raises the value significantly.
Last edited by bkdc; 06-06-2019 at 10:28 AM.
#5
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Thread Starter
With used cars, you get a much bigger discount with the higher optioned cars as the used car buyer does not want to pay for the extra options.
An extremely highly optioned car with MSRP at the 130K range, I'd pay 45 to 50% of MSRP. The car you're looking at is relatively low mileage so I'm with superpop. 65K.
Remember, the new S class is right around the corner, and when it is released, the W222 values will drop further. The car below is similar although it's a 2015, and it sold for around 58K six months ago. It still had manufacturers warranty of about six months in addition to a CPO warranty, and it spent its life in sunny California which raises the value significantly.
An extremely highly optioned car with MSRP at the 130K range, I'd pay 45 to 50% of MSRP. The car you're looking at is relatively low mileage so I'm with superpop. 65K.
Remember, the new S class is right around the corner, and when it is released, the W222 values will drop further. The car below is similar although it's a 2015, and it sold for around 58K six months ago. It still had manufacturers warranty of about six months in addition to a CPO warranty, and it spent its life in sunny California which raises the value significantly.
#7
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With used cars, you get a much bigger discount with the higher optioned cars as the used car buyer does not want to pay for the extra options.
An extremely highly optioned car with MSRP at the 130K range, I'd pay 45 to 50% of MSRP. The car you're looking at is relatively low mileage so I'm with superpop. 65K.
Remember, the new S class is right around the corner, and when it is released, the W222 values will drop further. The car below is similar although it's a 2015, and it sold for around 58K six months ago. It still had manufacturers warranty of about six months in addition to a CPO warranty, and it spent its life in sunny California which raises the value significantly.
An extremely highly optioned car with MSRP at the 130K range, I'd pay 45 to 50% of MSRP. The car you're looking at is relatively low mileage so I'm with superpop. 65K.
Remember, the new S class is right around the corner, and when it is released, the W222 values will drop further. The car below is similar although it's a 2015, and it sold for around 58K six months ago. It still had manufacturers warranty of about six months in addition to a CPO warranty, and it spent its life in sunny California which raises the value significantly.
Agree that $60k to $65k is a good target for the mileage.
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#8
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In my earlier reply I said $60-65K but I need to revise downwards. I overlooked the non-CPO status.
There is no reason not to get the CPO option with offers warranty options and that mileage will likely have a new set of tires and other small benefits. A quick scan of the CPO inventory shows vehicles in that mileage range in the low to mid-$50k...
Also you need to think if you want a rear wheel drive or 4matic....
https://www.mbusa.com/mercedes/cpo/i...ileage-0,35000
Good luck!
There is no reason not to get the CPO option with offers warranty options and that mileage will likely have a new set of tires and other small benefits. A quick scan of the CPO inventory shows vehicles in that mileage range in the low to mid-$50k...
Also you need to think if you want a rear wheel drive or 4matic....
https://www.mbusa.com/mercedes/cpo/i...ileage-0,35000
Good luck!
#9
Senior Member
CPO inspection is not insignificant on such a complex vehicle. At minimum, the FSS system will be checked and maintenance will be updated. But you tend to get fresh tires (typically, these are performance tires that last only a year anyway) and if you're lucky, you'll get brand new brakes and rotors. A new set of rotors and brakes at the dealership on a W222 sport model will set you back 3500 dollars. Heck, even a new pair of windshield wiper blades with the fluid coming out of the blades cost 200 bucks without installation/labor cost.
Warm weather is still better for cars, and people still prefer California cars. Florida is a separate issue due to mold and humidity. Regardless of rust, most engine wear occurs with cold starts, and the colder, the worse. You are looking at all of the car's parts, metal, rubber, plastic and everything in between being subjected to swings in extreme temperatures from cold to hot... or in California, not so cold to hot. Modern synthetic oils are protective, and fortunately, the M278 engine warms up QUICKLY. I've never seen an engine temperature get to operating temperature so quickly.
Warm weather is still better for cars, and people still prefer California cars. Florida is a separate issue due to mold and humidity. Regardless of rust, most engine wear occurs with cold starts, and the colder, the worse. You are looking at all of the car's parts, metal, rubber, plastic and everything in between being subjected to swings in extreme temperatures from cold to hot... or in California, not so cold to hot. Modern synthetic oils are protective, and fortunately, the M278 engine warms up QUICKLY. I've never seen an engine temperature get to operating temperature so quickly.
Last edited by bkdc; 06-06-2019 at 07:45 PM.
#10
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Thread Starter
In my earlier reply I said $60-65K but I need to revise downwards. I overlooked the non-CPO status.
There is no reason not to get the CPO option with offers warranty options and that mileage will likely have a new set of tires and other small benefits. A quick scan of the CPO inventory shows vehicles in that mileage range in the low to mid-$50k...
Also you need to think if you want a rear wheel drive or 4matic....
https://www.mbusa.com/mercedes/cpo/i...ileage-0,35000
Good luck!
There is no reason not to get the CPO option with offers warranty options and that mileage will likely have a new set of tires and other small benefits. A quick scan of the CPO inventory shows vehicles in that mileage range in the low to mid-$50k...
Also you need to think if you want a rear wheel drive or 4matic....
https://www.mbusa.com/mercedes/cpo/i...ileage-0,35000
Good luck!
Last edited by bigmyself; 06-06-2019 at 02:58 PM.
#11
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Thread Starter
CPO inspection is not insignificant on such a complex vehicle. At minimum, the FSS system will be checked and maintenance will be updated. But you tend to get fresh tires (typically, these are performance tires that last only a year anyway) and if you're lucky, you'll get brand new brakes and rotors. A new set of rotors and brakes at the dealership on a W222 sport model will set you back 3500 dollars. Heck, even a new pair of windshield wiper blades with the fluid coming out of the blades cost 200 bucks without installation/labor cost.
Warm weather is still better for cars, and people still prefer California cars. Florida is a separate issue due to mold and humidity. Regardless of rust, most engine wear occurs with cold starts, and the colder, the worse. You are looking at all of the car's parts, metal, rubber, plastic and everything in between being subjected to swings in extreme temperatures from cold to hot... or in California, not so cold to hot. Modern synthetic oils are protective, and fortunately, the M278 engine warms up QUICKLY. I've never seen an engine temperature get to operating temperature quickly.
Warm weather is still better for cars, and people still prefer California cars. Florida is a separate issue due to mold and humidity. Regardless of rust, most engine wear occurs with cold starts, and the colder, the worse. You are looking at all of the car's parts, metal, rubber, plastic and everything in between being subjected to swings in extreme temperatures from cold to hot... or in California, not so cold to hot. Modern synthetic oils are protective, and fortunately, the M278 engine warms up QUICKLY. I've never seen an engine temperature get to operating temperature quickly.
So, I don't worry much about future service or repair.
Sun
#12
Senior Member
I appreciate your opinion and also understand that repair cost would be crazy if I go to the mb dealership for service. Currently I own a 2005 S55 AMG model and do the all maintenance repair myself including ABC jobs.
So, I don't worry much about future service or repair.
Sun
So, I don't worry much about future service or repair.
Sun
Last edited by bkdc; 06-06-2019 at 03:42 PM.
#14
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Thread Starter
Yes, we got snow. I change to snow tires during winter, usually don't drive sedan snowy day. I drive a suv or a pickkup truck.
Thanks for asking!
Last edited by bigmyself; 06-06-2019 at 04:08 PM.
#15
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Thread Starter
That's awesome. If you are into the long term repairability and reliability, you may want to opt for a car with air suspension instead of the Magic Body Control. The air struts are easy to repair as a DIY mechanic. The hydraulic active body suspension is extremely complex and eventual failures at the valve blocks long down the road could be very expensive to repair. Mercedes has not designed the system to be easy to repair and bleed. I hope that as the ABC systems become more common, more and more German specialty shops develop experience with repair and decrease the cost of overhauls. Impressed that you do your own ABC jobs. I say haggle aggressively with the dealer arguing for a price cut on a non CPO vehicle.
#16
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FYI—MY local MB dealer gave me $60k for my ‘16 S550 4matic on 12/31/18 that I ordered and purchased in 2015 as part of the deal for my Euro Delivery ‘19 S63 AMG (note that dealer allowed me to drive the car from about 11/21 Euro Del pickup in Germany until 12/31 on redelivery of S63 in the US even though they owned it from about a week before my pickup of the new car in Germany) MSRP on the S550 4matic was $137k. They listed it around $67k CPO with about 35k miles and sold it in March 2019 (not sure what they ultimately sold it for). I take excellent care of my autos and the dealer knows it.
#17
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FYI—MY local MB dealer gave me $60k for my ‘16 S550 4matic on 12/31/18 that I ordered and purchased in 2015 as part of the deal for my Euro Delivery ‘19 S63 AMG (note that dealer allowed me to drive the car from about 11/21 Euro Del pickup in Germany until 12/31 on redelivery of S63 in the US even though they owned it from about a week before my pickup of the new car in Germany) MSRP on the S550 4matic was $137k. They listed it around $67k CPO with about 35k miles and sold it in March 2019 (not sure what they ultimately sold it for). I take excellent care of my autos and the dealer knows it.
Sun
#18
Member
I think these are third-party used car lots that buy a lot of cars via auction, probably sight unseen. My guess, without data, is that the "better" used cars are kept by MB dealerships for their own resale and they give up to auction undesirable or problematic vehicles that cannot be CPO'd. However, often there may be a car that has zero problems but just cannot be sold locally so it ends up in auction and these can be a great deal. Good luck!
#19
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Thread Starter
I think these are third-party used car lots that buy a lot of cars via auction, probably sight unseen. My guess, without data, is that the "better" used cars are kept by MB dealerships for their own resale and they give up to auction undesirable or problematic vehicles that cannot be CPO'd. However, often there may be a car that has zero problems but just cannot be sold locally so it ends up in auction and these can be a great deal. Good luck!
#20
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Offer 58 cash and see if they bite, then go get it CPO'ed if you can.
#22
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Perhaps look at the available list of cars and see if you can find one that fits your needs. Also non-coo cars from MB dealers can be CPO's on request. Just in case you find a dealer that has a nice non-CPO. Sometimes they can't CPO due to mileage or accident/buyback history...
#23
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#24
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2016 S550 sport, 2018 GLC300, M3, Zo7, 2021 Sierra Denali
I'd say you will be around 65K. I recently purchased my 2016 S550 27000 mls, very close to yours excluding the warmth and comfort package. I paid 63K as a non CPO car still in warranty. 1 owner, impeccable condition. I drove over to MB here in Palm beach to get an oil filter and they had a twin car of mine. CPO asking 73K with 18000 miles. Condition and service are everything. CPO is not what it was, was not worth it to me. I can literally buy the extended warranty because I am in warranty and still be way ahead.
#25
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I say 60K or less. Anything else is too much. Then again, this is sn S Class forum so higher prices may not be a concern...