2005 S55 13kmiles black, CPO. how much is fair?
Thread Starter
Senior Member
Joined: Jan 2006
Posts: 386
Likes: 1
From: Jupiter, Florida
2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
2005 S55 13kmiles black, CPO. how much is fair?
looking for a good friend of mine... Local benz dealer is not real flexible on what they are asking. gave some bs about them going to 1 price shopping. No negotiation, etc,etc..
Before I post the asking price. I would like some opinions on what would be "fair" to pay for this car, in this market... Again, its CPO.. not trying to match auction figures or anything. but what is fair? car is mint. with 13k miles,,
Before I post the asking price. I would like some opinions on what would be "fair" to pay for this car, in this market... Again, its CPO.. not trying to match auction figures or anything. but what is fair? car is mint. with 13k miles,,
Member
Joined: Sep 2007
Posts: 134
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From: Mid-Atlantic
'04 S600
Well, if you're not interested in what auction prices are doing (as stated), I would check Ebay and Autotrader to see what similar '05 S55's are selling for. Some will be dealer sales, others by owner - which should give you a good idea of what your friend should be paying.
I did the same when I bought my 600 from the dealer recently. Came prepared with what I was willing to pay - along with backup documentation from recent and current internet sales of similar sales. That way they couldn't argue with current market prices. Of course, they could have opted to not sell me the car - but that didn't happen. In the end, we were all happy. Some dealerships are willing to deal - otheres are not (as it appears in your case).....
I did the same when I bought my 600 from the dealer recently. Came prepared with what I was willing to pay - along with backup documentation from recent and current internet sales of similar sales. That way they couldn't argue with current market prices. Of course, they could have opted to not sell me the car - but that didn't happen. In the end, we were all happy. Some dealerships are willing to deal - otheres are not (as it appears in your case).....
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Joined: Apr 2005
Posts: 716
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From: Alaska
Lexus
I was thinking 50k. Some 03s with real low miles are still bringing 42-46 in the auction.
So 50k would be good today but in 6 months expect a drop. These w220 body styles are dropping fast. They are excellent cars also. I love them will buy one before long.
And even though you didn't want them,here are the auction prices.
11/15/07 MANHEIM Lease $43,000 27,078 Avg SILVER 8G A Yes
11/01/07 NEVADA Lease $48,000 35,862 Avg SILVER 8G A Yes
11/07/07 ST LOUIS Lease $50,250 35,928 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Regular $50,000 36,562 Avg BLACK 8G Yes
11/14/07 ATLANTA Lease $50,000 39,486 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Lease $44,000 42,969 Avg BLACK 8G A Yes
11/07/07 W PALM Lease $43,800 47,534 Avg BRI SIL 8G A Yes
11/08/07 RIVRSIDE Lease $38,000 52,721 Below BLACK 8G A No
11/08/07 RIVRSIDE Lease $35,750 55,594 Below BRI SIL 8G A No
11/20/07 RIVRSIDE Lease $40,000 55,981 Below BLK 040 8G A No
So 50k would be good today but in 6 months expect a drop. These w220 body styles are dropping fast. They are excellent cars also. I love them will buy one before long.
And even though you didn't want them,here are the auction prices.
11/15/07 MANHEIM Lease $43,000 27,078 Avg SILVER 8G A Yes
11/01/07 NEVADA Lease $48,000 35,862 Avg SILVER 8G A Yes
11/07/07 ST LOUIS Lease $50,250 35,928 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Regular $50,000 36,562 Avg BLACK 8G Yes
11/14/07 ATLANTA Lease $50,000 39,486 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Lease $44,000 42,969 Avg BLACK 8G A Yes
11/07/07 W PALM Lease $43,800 47,534 Avg BRI SIL 8G A Yes
11/08/07 RIVRSIDE Lease $38,000 52,721 Below BLACK 8G A No
11/08/07 RIVRSIDE Lease $35,750 55,594 Below BRI SIL 8G A No
11/20/07 RIVRSIDE Lease $40,000 55,981 Below BLK 040 8G A No
Thread Starter
Senior Member
Joined: Jan 2006
Posts: 386
Likes: 1
From: Jupiter, Florida
2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
I was thinking 50k. Some 03s with real low miles are still bringing 42-46 in the auction.
So 50k would be good today but in 6 months expect a drop. These w220 body styles are dropping fast. They are excellent cars also. I love them will buy one before long.
And even though you didn't want them,here are the auction prices.
11/15/07 MANHEIM Lease $43,000 27,078 Avg SILVER 8G A Yes
11/01/07 NEVADA Lease $48,000 35,862 Avg SILVER 8G A Yes
11/07/07 ST LOUIS Lease $50,250 35,928 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Regular $50,000 36,562 Avg BLACK 8G Yes
11/14/07 ATLANTA Lease $50,000 39,486 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Lease $44,000 42,969 Avg BLACK 8G A Yes
11/07/07 W PALM Lease $43,800 47,534 Avg BRI SIL 8G A Yes
11/08/07 RIVRSIDE Lease $38,000 52,721 Below BLACK 8G A No
11/08/07 RIVRSIDE Lease $35,750 55,594 Below BRI SIL 8G A No
11/20/07 RIVRSIDE Lease $40,000 55,981 Below BLK 040 8G A No
So 50k would be good today but in 6 months expect a drop. These w220 body styles are dropping fast. They are excellent cars also. I love them will buy one before long.
And even though you didn't want them,here are the auction prices.
11/15/07 MANHEIM Lease $43,000 27,078 Avg SILVER 8G A Yes
11/01/07 NEVADA Lease $48,000 35,862 Avg SILVER 8G A Yes
11/07/07 ST LOUIS Lease $50,250 35,928 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Regular $50,000 36,562 Avg BLACK 8G Yes
11/14/07 ATLANTA Lease $50,000 39,486 Avg OBS BLK 8G A Yes
11/01/07 MANHEIM Lease $44,000 42,969 Avg BLACK 8G A Yes
11/07/07 W PALM Lease $43,800 47,534 Avg BRI SIL 8G A Yes
11/08/07 RIVRSIDE Lease $38,000 52,721 Below BLACK 8G A No
11/08/07 RIVRSIDE Lease $35,750 55,594 Below BRI SIL 8G A No
11/20/07 RIVRSIDE Lease $40,000 55,981 Below BLK 040 8G A No
Thanks for the help guys. Im very familiar with Manheim prices. But the car(s) listed above have heavy miles.. As you know these cars a SUPER mileage sensitive..
I am talking about a 13k mile, CPO car... If I show them auction figures for a 40-55k mile car. They'll laugh.. apples and oranges..
Ok, here is the deal... They are asking $62k for the car, and firm... Is it too much?? Yes, and no..
Yes, I could find an auction for for WAY less. However, As stated, auction cars either have no warranty or some aftermarket warranty(which I will not even consider). And a 40-50 mile car is not an option.. He wants 15k miles TOPS..
No, when you consider the low miles, the CPO, and the fact that the car listed for $118k... However, I know the car business. Im just worried telling him(my friend) to bite the bullet and pay $62k. When I(and you guys) know damn well. There going to hit him with $35k(MAYBE). In 2-3 years, when he trades it in.. He likes the car. He likes the fact that it has 12k miles.. We looked at some "cheaper" cars(in the high $40's) with more miles.. Didnt seem interested. The cars looked USED.. This one looks like a brand new machine. No paint, no stories,etc.. But hes paying through the nose for it. AND, the deal has only had the car in inventory for 2 weeks. And "supposedly" has 3 serious parties interested in it.. Who knows...
Last edited by Taximan1; Nov 25, 2007 at 09:30 PM.
Member
Joined: Sep 2007
Posts: 134
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From: Mid-Atlantic
'04 S600
Are you trying to talk yourself into the car - or your friend?? 
$62 is pretty close to "retail" at current prices (forget what KBB says) and you're buying from a dealer (retail).
I'd find the original in-service date to determine when the MB warrany expires in '09. If your friend is still interested, have the dealer throw in an extra one or two years of warranty to keep him covered through '10 or '11. This is what I negotiated with my dealer and it worked, since I'm guessing their out of pocket for the warrany fee is negligible.
I would also have them throw in a current nav disk ('07) at no additional charge....
Point being, there are some things you/he can request that cost the dealer little - but keep him from discounting his retail price.....
Good Luck....
$62 is pretty close to "retail" at current prices (forget what KBB says) and you're buying from a dealer (retail).
I'd find the original in-service date to determine when the MB warrany expires in '09. If your friend is still interested, have the dealer throw in an extra one or two years of warranty to keep him covered through '10 or '11. This is what I negotiated with my dealer and it worked, since I'm guessing their out of pocket for the warrany fee is negligible.
I would also have them throw in a current nav disk ('07) at no additional charge....
Point being, there are some things you/he can request that cost the dealer little - but keep him from discounting his retail price.....
Good Luck....
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Joined: Dec 2002
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From: Charlotte, NC
No longer car shopping...
Thanks for the help guys.
Ok, here is the deal... They are asking $62k for the car, and firm... Is it too much?? Yes, and no..
. But hes paying through the nose for it. AND, the deal has only had the car in inventory for 2 weeks. And "supposedly" has 3 serious parties interested in it.. Who knows...
Ok, here is the deal... They are asking $62k for the car, and firm... Is it too much?? Yes, and no..
. But hes paying through the nose for it. AND, the deal has only had the car in inventory for 2 weeks. And "supposedly" has 3 serious parties interested in it.. Who knows...
Correction - If this really IS a 2005, the WHOLESALE value on that car is $60K. I'd shoot for that but $62K for a 2005 model isn't bad.
Last edited by ndabunka; Nov 25, 2007 at 09:48 PM.
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Super Member
Joined: Apr 2005
Posts: 716
Likes: 1
From: Alaska
Lexus
They can choose not to sell a car that has dropped across the board 10k in the last 2-3 months. And they dont go up.
You (or your friend
) can choose to overpay for it if you want. The dealership will get a get out of jail free card. If you or your friend dont buy it they will have to take a loss on a car that is not as popular as it once was due to body style change. Not many people (except us AMG freaks) wants to pay over 50k for a car that is now out dated.
62k would be getting your money taken.. 57k will buy the car if you go in serious..(with out googly eyes when you look at the car, wear shades if needed to hide) and are willing to walk away. If they see your excited you will loose all negotiation rights..
The figures above at auction were for an 05 model.. 27k would not be but around 2k difference in price from 13k.. just so you know.
Also, do you know where that same car will end up no one buys it in the next month or 2. THE AUCTION>> (ugh oh now its a bad car with no warranty)
See how that works..
You (or your friend
) can choose to overpay for it if you want. The dealership will get a get out of jail free card. If you or your friend dont buy it they will have to take a loss on a car that is not as popular as it once was due to body style change. Not many people (except us AMG freaks) wants to pay over 50k for a car that is now out dated.62k would be getting your money taken.. 57k will buy the car if you go in serious..(with out googly eyes when you look at the car, wear shades if needed to hide) and are willing to walk away. If they see your excited you will loose all negotiation rights..
The figures above at auction were for an 05 model.. 27k would not be but around 2k difference in price from 13k.. just so you know.
Also, do you know where that same car will end up no one buys it in the next month or 2. THE AUCTION>> (ugh oh now its a bad car with no warranty)
See how that works..
Senior Member
Joined: May 2007
Posts: 452
Likes: 0
2006 CLK350
scottcls55 is right, 62k for an old body style is very pricy. amg lovers care about 55's, but most people dont. anyone else can go out and buy a new E, CLK, ML, 5 series, or x5. Dont think the value will hold because its an AMG version of the S class. I think if your friend waits it off, the dealer will sell it to him. they know its getting harder and harder everyday to sell that car, and they want to get rid of it bad. Its sad but older S classes are beginning to be become harder and harder to sell
Thread Starter
Senior Member
Joined: Jan 2006
Posts: 386
Likes: 1
From: Jupiter, Florida
2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
They can choose not to sell a car that has dropped across the board 10k in the last 2-3 months. And they dont go up.
You (or your friend ) can choose to overpay for it if you want. The dealership will get a get out of jail free card. If you or your friend dont buy it they will have to take a loss on a car that is not as popular as it once was due to body style change. Not many people (except us AMG freaks) wants to pay over 50k for a car that is now out dated.
62k would be getting your money taken.. 57k will buy the car if you go in serious..(with out googly eyes when you look at the car, wear shades if needed to hide) and are willing to walk away. If they see your excited you will loose all negotiation rights..
The figures above at auction were for an 05 model.. 27k would not be but around 2k difference in price from 13k.. just so you know.
Also, do you know where that same car will end up no one buys it in the next
month or 2. THE AUCTION>> (ugh oh now its a bad car with no warranty)
See how that works..
You (or your friend
) can choose to overpay for it if you want. The dealership will get a get out of jail free card. If you or your friend dont buy it they will have to take a loss on a car that is not as popular as it once was due to body style change. Not many people (except us AMG freaks) wants to pay over 50k for a car that is now out dated.62k would be getting your money taken.. 57k will buy the car if you go in serious..(with out googly eyes when you look at the car, wear shades if needed to hide) and are willing to walk away. If they see your excited you will loose all negotiation rights..
The figures above at auction were for an 05 model.. 27k would not be but around 2k difference in price from 13k.. just so you know.
Also, do you know where that same car will end up no one buys it in the next
month or 2. THE AUCTION>> (ugh oh now its a bad car with no warranty)
See how that works..
Am I trying to talk him into this?? Not really.... I know he wants as close to a brand new car as possible.. Which usually requires overpaying.. Any 04-05's at auction. Will be on the tail end of their factory warranty, then what?? Aftermarket policies for these cars suck, in my experience... He is pretty new to Mercedes.. But did own a CLK430 a few years back, with an aftermarket warranty.. And said it was a complete nightmare.. So, he REALLY would prefer a CPO car. Its almost a must at thispoint.. The car we are looking at is covered until 2011 or 100k miles, by CPO.. Which I know makes him feel much better about paying "up" for the car..
Believe me, Im right with you guys on this..... I know hes overpaying.. But this car still does "book" for $79k I found him a 2004 S55 with 41k miles, for $44k.... HUGE difference obviously... We went to look at this car first.. Pretty clean, no paint work. But it was a "used" car.. A few curb marks, a few scratches,etc,etc... The biggest downside was.. It only has 3 months of MB factory warrany left.. The dealer said Guardian(who is their preferred warranty carrier) will not consider any AMG cars..
I have bought and sold about 4 different Amg cars.. 2 E55's, 1 CLK55 and 1 SL55.. I know the way these cars depreciate.. When he goes to trade this in 3 years from now.. It will be worth $35k TOPS.. I suggested he lease it... The leasing company (US bank) still books this car at $79k(believe it or not). So the residual is very good, and so is the money factor.. Payment was $1181/mo.., and he gets to walk away after 3 years... I think the residual was $37-$38k.. What do you think??
Thread Starter
Senior Member
Joined: Jan 2006
Posts: 386
Likes: 1
From: Jupiter, Florida
2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
UPDATE: There is a trade involved, so its a little confusing. Basically the bottom line is, they came down to $58k for the car. All things considered, I dont think $58k is to bad.. Like I said, hes convinced, on only buying a CPO car.. So our oprions are limited..
Thanks for the advice, and help guys..
I told him, and tried to convince him to lease the car.. The money factor was .00244(which is equal to 5.9%) Great rate, in todays market.. And the residual was about $30k, after 3 years and 12k miles.. Which is fair I guess. Wasnt interested... Payment was still $1,080 though..
Personally, I always lease my MB's.. But thats me..
we'll see. But I think the car is his..
Thanks for the advice, and help guys..
I told him, and tried to convince him to lease the car.. The money factor was .00244(which is equal to 5.9%) Great rate, in todays market.. And the residual was about $30k, after 3 years and 12k miles.. Which is fair I guess. Wasnt interested... Payment was still $1,080 though..
Personally, I always lease my MB's.. But thats me..
we'll see. But I think the car is his..
Last edited by Taximan1; Nov 26, 2007 at 03:44 PM.
