E55 shopping, is this fair?
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996TT
E55 shopping, is this fair?
My brother wants to buy a pre-owned E55 from a dealer. We found one at a dealer with pretty much everything he wants (pano roof, fully eq), including color combo. Its a 2005 E55 with 18k. It comes with the 100,000 miles warranty because its preowned. The sales guy wants $64,999 for it.
What do you guys think about this price? Is it fair? I thought that he should be paying around 60 or am I wrong? I do understand its a dealer car and everything but I just want to make sure he's getting a good deal. This dealer is known to be a little expensive so thats why I was a little suspicious of the price. He's not trying to be cheap but if he does consider it he doesn't want to get ripped.
If anyone can help me out with that I would really appreciate it. Thanks guys
What do you guys think about this price? Is it fair? I thought that he should be paying around 60 or am I wrong? I do understand its a dealer car and everything but I just want to make sure he's getting a good deal. This dealer is known to be a little expensive so thats why I was a little suspicious of the price. He's not trying to be cheap but if he does consider it he doesn't want to get ripped.
If anyone can help me out with that I would really appreciate it. Thanks guys
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From: Oklahoma City
2015 AMG C63 S
You should be able to find one for 60K, including the warranty. It may not be easy but if you can wait, well time will help, obviously. If the car looks good make an offer and walk away, they will get back in touch with you. I am also trying to find a car for my brother. We found a 2006 for $63,500 but the car has no goodies except the CPO. Good luck.
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From: Salt Lake City (but not Morm)
2003 E55 & 2014 GL550
Here's some Auto Traders for comparison.
Lowest price right around what he is looking for is around 59$
Auto Trader Ads
Lowest price right around what he is looking for is around 59$
Auto Trader Ads
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1989 Toyota Tercel EZ - dyno'd @ 70whp/77wtq
Aim for KBB Trade-in Good... start between fair & good. That's what I've been doing (yes, to a dealer).
So for '05 fully loaded, 18K:
KBB Trade-in Excellent/Good/Fair: 65.8K/62.6K/56.9K
So I'd start w/ 58-59K and move from there...
I know it's a CPO... but I always act as if it didn't add much value by saying: "I won't be driving much... so I will get hit by the time limit first, not the mileage... and CPO only adds 1 year"
But to be honest, if you could get $63K, for me it's a good price already.
I'm also toying w/ ideas to get '05-'06 E55 (the ones with all bugs ironed out ). Have couple candidates.... Any member wants to be another candidate?
So for '05 fully loaded, 18K:
KBB Trade-in Excellent/Good/Fair: 65.8K/62.6K/56.9K
So I'd start w/ 58-59K and move from there...
I know it's a CPO... but I always act as if it didn't add much value by saying: "I won't be driving much... so I will get hit by the time limit first, not the mileage... and CPO only adds 1 year"
But to be honest, if you could get $63K, for me it's a good price already.
I'm also toying w/ ideas to get '05-'06 E55 (the ones with all bugs ironed out
). Have couple candidates.... Any member wants to be another candidate?
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2001 S500 Sport "Klaus"
*****. $64,xxx is way too much for that car. I understand it as a sticker/starting point for the dealer, but you shouldn't pay more than $60 for it, and honestly you can get that thing for less.
First, these cars are a dime a dozen used. Second, they're not moving off lots. Third, the market is national now, so considering you can ship a car cross-country for about $750 (closed container for about $2k), you should factor that into your negotiations. You'll find cheaper with lower miles on ebay, which you can take and show the salesdouche if you feel it's necessary, and kindly remind him that the most you'd pay over the ebay prices is $750 to accommodate the shipping cost, and also mention that the ebay price is without any negotiation, so really the $750 is off the table as well.
For anyone who hasn't had the experience of trying to sell one of these yet, the new reality is that these pricey cars are disposable like kleenex; they're all made of plastic and have no lasting value. Dealers cut prices so severely at the end of every model year that the secondhand market is nowheresville as far as depreciation induced trauma is concerned.
Go in knowing that you're bidding on a Neon with a faster handbuilt engine and take it from there. Note the high quality plastic-rubber compound used to fashion the dashboard. "high quality plastic-rubber"!!! An STS-V has a nicer dashboard - at least it's real leather!!!
Lots of competition in the market segment of the E55; low retained value/fast depreciation; lots of other e55 inventory out there at competitive prices. Welcome to the buyer's market!
good luck with the dealmaking,
v
First, these cars are a dime a dozen used. Second, they're not moving off lots. Third, the market is national now, so considering you can ship a car cross-country for about $750 (closed container for about $2k), you should factor that into your negotiations. You'll find cheaper with lower miles on ebay, which you can take and show the salesdouche if you feel it's necessary, and kindly remind him that the most you'd pay over the ebay prices is $750 to accommodate the shipping cost, and also mention that the ebay price is without any negotiation, so really the $750 is off the table as well.
For anyone who hasn't had the experience of trying to sell one of these yet, the new reality is that these pricey cars are disposable like kleenex; they're all made of plastic and have no lasting value. Dealers cut prices so severely at the end of every model year that the secondhand market is nowheresville as far as depreciation induced trauma is concerned.
Go in knowing that you're bidding on a Neon with a faster handbuilt engine and take it from there. Note the high quality plastic-rubber compound used to fashion the dashboard. "high quality plastic-rubber"!!! An STS-V has a nicer dashboard - at least it's real leather!!!
Lots of competition in the market segment of the E55; low retained value/fast depreciation; lots of other e55 inventory out there at competitive prices. Welcome to the buyer's market!
good luck with the dealmaking,
v
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996TT
vixapphire thanks a lot for all that info. i know the market wasn't exactly exploding so thats why i also thought the price might be high. this dealer is known to be pretty expensive... why? Mercedes Benz of Greenwich.
anyway i appreciate all the info again guys. i went to the dealer myself while my brother was at work. i dropped the deposit on the car 1 hour ago, FP of 60. i'm aiming for pick up by wednesday the latest. i haggled the hell out of this salesguy because i truly thought i should not be paying more than 60. i ended up getting my price on the car and my price on the trade in. i was there for like 2 hours, they weren't budging at all and with this and that and blah blah blah. i finally made it clear that i wanted my prices that i set and if they agreed to just run the papers... and so they did.
in the end its good because its from a dealer and its our local dealer so its a good thing for my brother. its AW/Char, every option including pano roof. the car looks gorgeous, my brother is excited as hell but to be honest i think i am more excited. he should be going away to Miami in 2 weeks so guess who's babysitting? lol
i have an 04 M3 convertible btw... i know i know, i'm not running with the big dogs but i love it. its the perfect car for me right NOW, we'll see what happens soon. now i just gotta get a set of wheels for the E55 and a nice exhaust. what do u guys suggest? any suggestions would be great
here's my car btw, its no E55 but i make do
anyway i appreciate all the info again guys. i went to the dealer myself while my brother was at work. i dropped the deposit on the car 1 hour ago, FP of 60. i'm aiming for pick up by wednesday the latest. i haggled the hell out of this salesguy because i truly thought i should not be paying more than 60. i ended up getting my price on the car and my price on the trade in. i was there for like 2 hours, they weren't budging at all and with this and that and blah blah blah. i finally made it clear that i wanted my prices that i set and if they agreed to just run the papers... and so they did.
in the end its good because its from a dealer and its our local dealer so its a good thing for my brother. its AW/Char, every option including pano roof. the car looks gorgeous, my brother is excited as hell but to be honest i think i am more excited. he should be going away to Miami in 2 weeks so guess who's babysitting? lol
i have an 04 M3 convertible btw... i know i know, i'm not running with the big dogs but i love it. its the perfect car for me right NOW, we'll see what happens soon. now i just gotta get a set of wheels for the E55 and a nice exhaust. what do u guys suggest? any suggestions would be great
here's my car btw, its no E55 but i make do
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MBWorld Fanatic!
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1989 Toyota Tercel EZ - dyno'd @ 70whp/77wtq
Congrats!!!!
I certainly prefer black (just like your M3... black and beautiful)... but white is growing on me...
BTW, are your M3 seats red or black? From 1st pic they seem black... but from 2nd seem red?
I certainly prefer black (just like your M3... black and beautiful
)... but white is growing on me...BTW, are your M3 seats red or black? From 1st pic they seem black... but from 2nd seem red?
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996TT
thanks man
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2001 S500 Sport "Klaus"
only 2 hours? i spent closer to 6 to get a screamer deal on my slk320 back on 9/15/01. of course, walking into the empty stealership that week, my first words were, "So, how's business?"
good deal fully loaded.
your convertible looks like a hardtop. those photos sure caught some bizarre light. really nice car you've got there. bimmers always look fantastic with those bbs-style wheels.
good deal fully loaded.
your convertible looks like a hardtop. those photos sure caught some bizarre light. really nice car you've got there. bimmers always look fantastic with those bbs-style wheels.
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996TT
only 2 hours? i spent closer to 6 to get a screamer deal on my slk320 back on 9/15/01. of course, walking into the empty stealership that week, my first words were, "So, how's business?"
good deal fully loaded.
your convertible looks like a hardtop. those photos sure caught some bizarre light. really nice car you've got there. bimmers always look fantastic with those bbs-style wheels.
good deal fully loaded.
your convertible looks like a hardtop. those photos sure caught some bizarre light. really nice car you've got there. bimmers always look fantastic with those bbs-style wheels.
my car is actually a convertible and i put the hardtop on it. i love it, in general most people don't even realize its a vert (which i think is weird). i can't wait for the good weather to come though. thanks a lot for the compliments buddy i appreciate it
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'10 Panamera S, '06 AMG CLS55, '07 Miata MX5, '02 MB SPRINTER, '99 Spec Miata Race Car (2X)
