Good Deal? Trade?
Thread Starter
Newbie
Joined: Mar 2009
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2005 S 500
Good Deal? Trade?
Dealer has a new 2008 S550 in the showroom. Sticker $102K. Will trade my 05 S500 with 58000 miles plus $55K out the door.
What's everyone think. Should I push lower or just keep the 05, which I love?
What's everyone think. Should I push lower or just keep the 05, which I love?
MBWorld Fanatic!
Joined: Dec 2006
Posts: 4,949
Likes: 39
From: Clifton, NJ
96 and 08 911 turbos
Something is up.
Unless they are giving you the deal of the century on the 08, something is very fishy about them offering your $47k for your 05.
If they are willing to give up the 08 for $25k off the msrp then the deal makes more sense.
Its a personal decision, is the 08 worth an additional $40-$55k more to you then your well sorted 2005?
I would say no, but I'm not you.
Unless they are giving you the deal of the century on the 08, something is very fishy about them offering your $47k for your 05.
If they are willing to give up the 08 for $25k off the msrp then the deal makes more sense.
Its a personal decision, is the 08 worth an additional $40-$55k more to you then your well sorted 2005?
I would say no, but I'm not you.
Super Member
Joined: Feb 2009
Posts: 780
Likes: 11
From: Dallas, TX
Range Rover
Reason they are prob giving you that sweet of a deal is they are in desperate need to get rid of that 08. the new body has already came out (updated look) and if they are giving you that much for the 05 its because they are way over charging for the 08. See for yourself, there are 08's on the bay for less than 80k already. If you want the new body than go for it. If I had a 05 sport I wouldnt do it but if it was a regular 05 than I maybe I would.
Thread Starter
Newbie
Joined: Mar 2009
Posts: 12
Likes: 0
2005 S 500
Something is up.
Unless they are giving you the deal of the century on the 08, something is very fishy about them offering your $47k for your 05.
If they are willing to give up the 08 for $25k off the msrp then the deal makes more sense.
Its a personal decision, is the 08 worth an additional $40-$55k more to you then your well sorted 2005?
I would say no, but I'm not you.
Unless they are giving you the deal of the century on the 08, something is very fishy about them offering your $47k for your 05.
If they are willing to give up the 08 for $25k off the msrp then the deal makes more sense.
Its a personal decision, is the 08 worth an additional $40-$55k more to you then your well sorted 2005?
I would say no, but I'm not you.
Update- told them no on the $55K and they're come back was What figure makes it work for me? Could get interesting.
Thread Starter
Newbie
Joined: Mar 2009
Posts: 12
Likes: 0
2005 S 500
Reason they are prob giving you that sweet of a deal is they are in desperate need to get rid of that 08. the new body has already came out (updated look) and if they are giving you that much for the 05 its because they are way over charging for the 08. See for yourself, there are 08's on the bay for less than 80k already. If you want the new body than go for it. If I had a 05 sport I wouldnt do it but if it was a regular 05 than I maybe I would.
Your car is a duplicate of mine. Very nice.
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Thread Starter
Newbie
Joined: Mar 2009
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2005 S 500
This deal is 100% correct and truthful. In fact, the dealer is calling me as I type this. Want his name?
Now please move on to disparage some other Forum member.
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Thread Starter
Newbie
Joined: Mar 2009
Posts: 12
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2005 S 500
MBWorld Fanatic!
Joined: Jul 2006
Posts: 1,578
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04 S430 (sold),05 X5 4.4i, 02 325i, 87 560SL, 85 Alfa Romeo
First of all 30k for your 2005 is not logical as cars DO NO trade for anything near retail especially these cars.
And since you only had it 4 months, how did you get it inherit it? to be able to sell it after 4 months and not take a bath?
a 2008 New body style S is selling in the 60's all over the country except for out of touch with reality dealers so this doesn't add up either...
but I'm just stating the obvious.. good luck on your "deal".
Here's some food for thought..
http://www.kbb.com/KBB/UsedCars/Pric...460|44203|0|0|
And ur car basic trade value with 50K on the clock
http://www.kbb.com/KBB/UsedCars/Pric...ypePath=Retail
good luck.
My guess is that they only have about 60K in the 2008, so in order to make it work they have to do this..
84k for the S ( 24K plus for them because they own it for 60 ) and it looks like 25K of sticker ( which is ridiculouls because the car actually has a 75K retail value.)
30K for your car ( realisitcally 10 on trade but you just gave them 24 more on the 2008 so they are even at this point ^ )
that leaves you with the 2008 for 54K.. and here's what we all take home.
YOu get to take home a 2008 for 54K .... ( not too shabby right? )
The dealer gets his 54K for the 2008, they show a 6K loss on the trade, but wait....
you car is still worth 30K blue book. to they repackage it and sell it for 25K on a deal so they walk away with
yes at least 79K on the deal 54K for the 2008, + the 25K they made from your trade minus the 6k loss
which puts them 19K ahead at the end of the transaction ...
so go ahead haggle with them for few thousand.. they still win.
Car selling is a business... if it worked in your favor, there would be no dealers remember that.
And since you only had it 4 months, how did you get it inherit it? to be able to sell it after 4 months and not take a bath?
a 2008 New body style S is selling in the 60's all over the country except for out of touch with reality dealers so this doesn't add up either...
but I'm just stating the obvious.. good luck on your "deal".
Here's some food for thought..
http://www.kbb.com/KBB/UsedCars/Pric...460|44203|0|0|
And ur car basic trade value with 50K on the clock
http://www.kbb.com/KBB/UsedCars/Pric...ypePath=Retail
good luck.
My guess is that they only have about 60K in the 2008, so in order to make it work they have to do this..
84k for the S ( 24K plus for them because they own it for 60 ) and it looks like 25K of sticker ( which is ridiculouls because the car actually has a 75K retail value.)
30K for your car ( realisitcally 10 on trade but you just gave them 24 more on the 2008 so they are even at this point ^ )
that leaves you with the 2008 for 54K.. and here's what we all take home.
YOu get to take home a 2008 for 54K .... ( not too shabby right? )
The dealer gets his 54K for the 2008, they show a 6K loss on the trade, but wait....
you car is still worth 30K blue book. to they repackage it and sell it for 25K on a deal so they walk away with
yes at least 79K on the deal 54K for the 2008, + the 25K they made from your trade minus the 6k loss
which puts them 19K ahead at the end of the transaction ...
so go ahead haggle with them for few thousand.. they still win.
Car selling is a business... if it worked in your favor, there would be no dealers remember that.
Last edited by my06clk; Apr 24, 2009 at 12:03 AM.
Super Member
Joined: Jan 2008
Posts: 508
Likes: 1
From: california high desert
2003 S500, 03 C240, 03 E320, 03 tahoe
have the 2005 detailed
treat the 05 to a world class detail,buy to roundtrip tickets for the weekend to saint thomas, start drinking premium long island teas before the flight and you will wake up on monday morning next week with a sigh of relief as you drive your 05 to the office thanking god you didnt buy that car.IMHO
Last edited by AH1W-COBRA; Apr 23, 2009 at 11:45 PM. Reason: typo
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