george1234k

Hi,

Can someone post the last Auction prices for 2005-2007 SL65. Thanks

DannyM383

this is 2005 SL65 as per my manheim account

06/14/07 MANHEIM Regular $106,000 7,471 Avg SILVER 12G Yes
05/10/07 CHICAGO Regular $101,000 8,482 Avg SILVER 12G A Yes
03/14/07 W PALM Factory $97,000 17,421 Avg BLACK 12G A Yes
03/08/07 MANHEIM Regular $110,500 4,468 Avg BLACK 12G A Yes
01/10/07 SEATTLE Lease $98,500 3,266 Avg SILVER 12G A Yes
01/04/07 RIVRSIDE Lease $88,000 21,960 Below BLACK 12G A No

2006 SL65

01/23/07 DFW Lease $123,000 6,509 Avg MRS RED 12G A Yes
03/28/07 W PALM Lease $121,000 8,046 Avg IRI SIL 12G A Yes
04/11/07 W PALM Lease $126,000 7,997 Above ALB WHT 12G A Yes
04/11/07 W PALM Lease $92,400 25,308 Below GRAY 12G A No
05/09/07 W PALM Lease $125,500 8,374 Avg WHITE 12G A Yes
06/21/07 RIVRSIDE Factory $119,000 5,602 Avg BLACK 12G A Yes

2007

04/12/07 RIVRSIDE Factory $125,000 3,000 Above BLACK 12G A Yes
05/09/07 MILWAUKE Regular $137,000 7,052 Above SILVER 12G A Yes

2005 SLR's...just for the hell of it... I like the brand new one for 291K

02/08/07 MANHEIM Lease $301,000 751 Avg SILVER 8G A Yes
02/14/07 W PALM Regular $316,000 1,261 Avg BLACK 8G A Yes
03/13/07 W PALM Regular $292,000 2,264 Avg BLACK 12G A Yes
05/04/07 MANHEIM Regular $335,000 110 Above Silver 8G S Yes
05/31/07 MANHEIM Regular $339,000 50 Above BLACK 8G A Yes
06/14/07 MANHEIM Regular $291,000 254 Avg SILVER 8G Yes

Also the '05 w/ 3K miles for 98K wow thats about $33K per mile depreciation whew Im glad I just picked up up my '04 SL55 a month ago for 63K. I don't think it will go much lower from there,Im keeping my fingers crossed my S550 doesn't kill me in the next 2 yrs bc its the first time I ever bought a brand new car, but I gotta say it was worth it when I got it last june and it was pretty much the first one in houston and people were staring at it everywhere

amgplayer

What does the the above, average and below translate to?

I'm trading my E55 for a 2005 SL65 black/black 10,500 loaded (no distronic) CPO and I'm trying to guess what the dealer is making.

george1234k

Thanks Danny, You're the MAN

DannyM383

above,average, and below are the condition of the car interior/exterior everything. Dealer is going to make off like a bandit....if he can find someone to buy it quickly...see the 2007 w/3K miles? Hop on EBAY it appears that car is in dallas and being offered at around 145K....the dealer paid 125K. You have to understand that a wholesaler paid 125K more than likely and then sold it to a dealer for 128ish who then probably paid for it with a line of credit...not cash... which incurs interest after every month. So they have to have a huge markup to cover themselves incase it doesn't sell which in some cases is 1 year +....trust me I've see it on some murcielago's and SLR's. Matter of fact there's an SL55 here in houston at EXPO motorcars that I know for a fact was bought in the high 70's by the dealer and is now for sale for 62.5K I believe, the market turns downwards fast on these cars. Im a wholesaler myself, dealers use independents so theyre not trapped with hiring some guy who doesn't know what he's doing and he ends up buying bad cars for them. With independents dealers have the flexibility to say no, but then again some dealers have an in-house buyer, but fyi you're gonna pay a big big markup, but if you get lucky and get in on a car immediately when it arrives they'd probably let you have a nice deal. Good luck and if you need help pm me

amgplayer

Thank you for the insight. There is never a really good deal with a dealer. I looked at the Ebay car and noticed the Buy-Back feature. If they are the same then that explains the price, but not the "above" rating. Mine came in on trade Monday so the dealer is pushing to close the deal, but they had to replace the front seat frame and cover due to a defect, two rear tires and the rest of the CPO process. I notice that when this dealer gets high end trades they sell the car for maybe two weeks using ebay/autotrader and then off it goes to auction. It must be those high interest payments. I know my business credit line is 9% so I don't like using it either.

jl88

You have to actually take a look at the car. Typically, "below" means the car is a lemon lawed. That is especially the case with cars from the Riverside auctions; Mercedes Benz North America sells approximately 50+ units that are lemon lawed through Riverside each month.

Danny is right, dealers take a huge risk on 2006+ model year cars, hence, the big markup. If the cars don't sell immediately, they will be bleeding money each month.

I'm currently sitting on a 2006 CLS55 that I can't even sell for a loss. Car industry isn't for the weak of heart.

Riffyb

What would it take for someone like me to get an account to the auctions? Will I be able to access a local auction around my area? To check prices and whatnot?

DannyM383

very true the car industry is like playing roulette in vegas, its a huge rush and you have a big shot at making big money but at any moment you can string together a few cars you lose money on and boom your down 50K. That's why I am glad to be in the wolesale sector, I typically move cars around in less than 3-4 days. I actually know a dealer firsthand in houston that lost about 70K on an SLR last year, its just brutal at time

NOTA4RE

Not knowing what you are paying for the sl65 and what you are getting for the e55 I would guess the dealer is makinglots of money. I would have the same guess if I knew the figures.

NOTA4RE

What are you looking to get for it?

xraes

Besides re-sale value, what's the down-side to a lemon-lawed vehicle, assuming repairs were performed satisfactorily by MB, and the car is still under warranty?

DannyM383

honestly if your going to keep it and not worry about resale value? Nothing bc basically they took everything that was wrong with the car and replaced it. The car is brand spankin new.

jl88

Most of the time, lemon-lawed cars are not covered by the factory warranty. At the auction, the winner of lemon-lawed cars has to sign a disclosure regarding the warranty and condition of the car.

The lemon-laws in CA favor the customers, so what's happening is that these cars are being purchased by out-of-state dealers which don't have the same stringent lemon-laws. They can then get the car retitled as a clear title, usually by having a friendly franchise dealer service the car.

As such, lemon-lawed cars doesn't necessarily mean it's a "bad" car. You really need to know the service history to make any conclusion. Bottom line, buying a branded title car is subject to financing, insurance and warranty problems.

NOTA4RE

Not in NY. There is no way to get the brand off the title EVER. Taking it to the dealer won't do a thing. The title is branded through the DMV and they are the only place that "could" change it but they won't change it EVER.

I myself used todeal in branded title cars 15 years ago. I also have a friend now who deals in strickly Mercedes branded title cars. All the cars he sells have full factory warranty. Some were even out of warranty when they were lemoned so they now gwt a 12k mile or 1 year warranty on the part that made benz lemon the car.

Fact is you are correct about lemon laws favoring the customer in CA. ALL the cars my friend sells come out of CA. The customer can force mercedes to buy back a car if they can't get it repaired in less than 30 days. Most of the cars my friend sells don't even have what seemed to be a problem in the first place.

I am surprised a company the size of mercedes has not greased the right hands in CA to get the lemon laws changed.

The last really nice car my budy had was a CL600 with the top Brabus package on it, the whole package including bigger turbos. Mercedes bought this car back it was an 04 they als paid the owner for the cost of the Brabus kit too. My buddy had this car for sale at 40k with less than 25k on the speedo.

He has been trying me to get a 65 from him but I don't want a car with a branded title because I know how hard it is to get rid of a branded car now.

VinceB

Nice to see auction pricing w/ explanations!

At this rate of depreciation, an 07 SL 55 maybe a buy if they really come out with an SL63 and updated body work in a year. I think the 07 w/ more interior color combos, paddle shift, etc is the way to go but can't see buying new...

Danny, any auction pricing on SL55's?

Cheers-

DannyM383

here you go on SL55 pricing....my SL55 i personally got in may its an '04 w/ 22K miles blk,blk push button starter, distronic, ABC 132K Sticker....for 64K....yea and the sad thing is the owner probably paid over bc I was looking an old dupont registry from november '02...there were 2 '03 SL55 1 silver for 175K OBO and 1 red one for 190K....if you have a bunh of old duponts like I do its the one with the SPyker on the cover. Anyways here are the auction prices recently for SL55's......enjoy!

PS: there were no '07s on manheim for me to look for you....its getting tough to sell the '07's the body style is getting old and people look at the car and see the depreciation it takes in 1 year and they pass now. I was offered a brand new sl55 its on EBAY right now at MB sugarland in houston, it had a sticker 139K, they have it on EBAY for 122K i believe, they offered it to me 2 weeks ago for 115K and I passed bc I made a few calls and couldn't find a home for it

2003

07/12/07 MANHEIM Regular $60,000 27,632 Above BLACK 8G A Yes
07/12/07 MANHEIM Regular $57,500 29,018 Avg SILVER 8G A Yes
07/11/07 NADE Regular $37,700 24,153 Below WHITE 8G A No
06/28/07 MANHEIM Regular $44,500 74,664 Below BEIGE 8G A No
06/27/07 SEATTLE Regular $57,500 25,414 Avg GRAY 8G A Yes
06/27/07 ATLANTA Regular $59,000 32,345 Avg BLUE 8G A Yes
06/21/07 RIVRSIDE Lease $51,250 44,553 Below BLACK 8G A Yes
06/21/07 RIVRSIDE Lease $49,000 33,211 Below BLACK 8G A Yes
06/21/07 RIVRSIDE Lease $46,000 65,016 Below BLACK 8G A No
06/19/07 FAAO Lease $58,000 30,801 Avg BLACK 8G A Yes
06/15/07 LAUD/MIA Regular $55,400 23,095 Avg SILVER 8G A Yes

2004

06/21/07 RIVRSIDE Lease $71,000 15,222 Avg DIA SIL 8G A Yes
06/21/07 HOBBY Regular $64,500 30,643 Avg BLACK 8G A Yes
06/28/07 MANHEIM Regular $64,500 23,019 Avg SILVER 8G A Yes
06/29/07 MANHEIM Lease $62,000 32,149 Avg BLACK 8G A Yes
07/12/07 MANHEIM Regular $66,750 11,348 Avg PEWTER 8G A Yes
07/12/07 MANHEIM Regular $64,000 31,594 Avg BLACK 8G A Yes

2005

05/17/07 MANHEIM Regular $74,000 38,502 Avg BLACK 8G A Yes
05/17/07 MANHEIM Regular $72,500 10,452 Below SILVER 8G A Yes
05/30/07 ATLANTA Lease $76,250 7,217 Avg BLACK 8G A Yes
06/21/07 RIVRSIDE Lease $81,500 7,709 Avg BLACK 8G A Yes
06/27/07 ATLANTA Lease $77,000 14,042 Avg SILVER 8G A Yes
07/06/07 W PALM Lease $78,600 11,457 Avg BLACK 8G A Yes


2006

03/29/07 RIVRSIDE Lease $85,000 8,850 Avg IRI SIL 8G A Yes
04/12/07 RIVRSIDE Lease $78,250 26,716 Avg BLACK 8G A No
04/17/07 DFW Lease $76,500 11,207 Avg BLACK 8G A Yes
05/24/07 RIVRSIDE Regular $86,500 13,888 Avg BLACK 8G A Yes
07/06/07 W PALM Lease $76,600 9,916 Avg BLACK 8G A Yes
07/12/07 MANHEIM Lease $83,000 8,625 Avg IRI SIL 8G A Yes

DannyM383

also I got a pm from a member telling me im full of it with my explanation of the car business and im not in the car business and have no idea about real prices...for that member who will remain nameless ill repost my pics of my cars and show you im not a fraud. '04 SL55,'07 S550, '03 SL500, and '97 Ferrari 355...I told you I know what im talking about

zoink

Anyway, this has been argued over and over again.... but just for the sake of information.

Even though the real auctions do have condition ratings and/or reports (grade or star 1-5) and I do believe in those ratings (I even think it's very conservative), the conditions (above, average or below) in MMR (Manheim Market Report) quoted above IMO do not reflect the true condition. To me they are meaningless.

Why?

No cars w/ ABOVE condition was sold lower than those w/ AVERAGE condition.
No cars w/ AVERAGE condition was sold lower than those w/ BELOW condition.

Too good to be true, eh? I don't think the market is like that. Depending on location, time and market condition, there should be a price overlap between ABOVE, AVERAGE and BELOW. In other words, there must be cars w/ ABOVE condition happened to be sold cheaper than AVERAGE and there must be cars w/ AVERAGE condition happened to be sold cheaper than BELOW.

Having said that, the condition in MMR only groups the price ranges into 3 mutually exclusive groups. That's why I said it was meaningless.

So amgplayer, now you know the answer

zoink

I could be wrong.... but I think it's the other way around.

Lemon cars are still covered under new car's warranty (if it has not expired) and the parts that caused the car to be lemon'd usually carry longer warranty.

george1234k

Hey Danny,

Do you have auction prices for 2005-2006 E55's THANKS!

DannyM383

George, here are the E55 prices you requested, any other questions you can pm whenever.

2005

07/12/07 MANHEIM Lease $45,250 47,828 Avg BRI SIL 8G A No
07/10/07 RIVRSIDE Lease $39,000 64,965 Below BLACK 8G A No
06/27/07 ATLANTA Regular $49,500 33,698 Avg BLACK 8G A Yes
06/27/07 ATLANTA Regular $47,200 28,722 Avg BLACK 8G A Yes
06/21/07 RIVRSIDE Lease $54,750 27,025 Above FLT GRY 8G A Yes
06/20/07 W PALM Regular $46,800 28,505 Avg BLACK 8G A Yes

2006

04/26/07 RIVRSIDE Lease $59,000 9,554 Above BLACK 8G A Yes
05/03/07 MANHEIM Lease $64,000 6,938 Above FLT GRY 8G A Yes
05/03/07 MANHEIM Regular $60,750 5,365 Above BLACK 8G Yes
05/09/07 W PALM Factory $55,600 7,353 Above BLACK 8G A Yes
05/17/07 FRDKBURG Factory $55,000 8,535 Above GRAY 8G A Yes
05/24/07 RIVRSIDE Regular $57,000 23,887 Above SILVER 8G A No

amgplayer

Sort of. I learned there is big mark-up from auction to retail. I paid $118K Black, 10,500 CPO, pano, keyless, black nappa, TPMS, parktronic, and I think the deal was fair. The dealer is bumming: he has to replace the front rotors tomorrow ($1K each) and maybe the backs. I got $57K for the trade. I'm learning it's better to buy used at the trailing edge of the engine/body design cycle. I also learned that the 65 is a little more fun then the 55.

Zoink, what is that car?

canes85

What are 2004 - 2005 S600 going for at auction?

I just sold my 2003 CL6 and I need a sedan.

Also, anyone selling one out there.

Thanks!!!!

DannyM383

First off i absolutely love the iphone it makes updating everybody on here so unbelievably easy, I highly recommend everyone gets one, its very very useful. Secondly in regards to the 600, I don't buy them anymore dealers dont like them bc the MB V12 albeit powerful and torquey is nowhere near as reliable as the V8 even the one in the 55. I know people are going to flame me here, but honest to god I bought an '02 late last yr w/30K miles for 27K at hobby auction and it had a leaky valve along with other problems that totaled up to an $8k repair bill, it took forever to sell and I bit the bullet on on half the repairs....earlier this yr I bought an '04 CL600 33K miles 4 of the cylinders were misfiring and it too had the leaky valve problem but this one was underwarranty. My dad, I found him an '05 CL600 1 month into ownership the check engine light came on and everytime the delaer would turn it off, it would come right back on 2 days later, never got it straight sold it within 3 months, bought an S500 and it dorve like a dream for the next 2 yrs.There was an article once in a businessweek about a rich man in europe and he had every MB you could think of and his favorite you guess? The S500 he said it drove better than the 600

2004 S600

06/06/07 W PALM Lease $46,800 30,253 Above BLACK 12G A Yes
05/31/07 MANHEIM Lease $45,500 31,641 Above BLACK 12G A Yes
05/30/07 ATLANTA Lease $49,750 35,084 Above BRI SIL 12G A Yes
05/23/07 W PALM Lease $49,000 17,566 Above OBS BLK 12G A Yes
05/03/07 MANHEIM Regular $53,750 20,303 Above BLACK 12G A Yes
03/29/07 RIVRSIDE Lease $39,250 57,212 Above BLACK 12G A No


2005 S600

03/29/07 CHICAGO Regular $57,500 22,397 Above NONE 12G Yes
04/19/07 MANHEIM Regular $53,700 39,468 Above SILVER 12G A Yes
05/17/07 MANHEIM Regular $57,250 16,428 Above SILVER 12G A Yes
06/06/07 W PALM Factory $53,400 15,933 Above FLT GRY 12G A Yes
06/08/07 MANHEIM Regular $53,000 40,452 Above SILVER 12G A Yes
07/11/07 NADE Lease $48,250 45,764 Above SILVER 12G A No

2006 S600

02/07/07 ATLANTA Lease $67,000 17,835 Avg BLACK 12G A Yes
03/22/07 ATLANTA Regular $63,500 17,859 Avg BLACK 12G A Yes
04/26/07 RIVRSIDE Factory $64,500 8,950 Avg BLACK 12G A Yes
07/12/07 CINCINNA Regular $68,500 17,859 Avg Black 12G Yes