WANT TO PURCHASE E55, but where? HELPP
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WANT TO PURCHASE E55, but where? HELPP
Hello,
I'm looking to purchase a 2003+ E55 and my budget unfortunately is only 38k. Does anyone know of a place I could go to that has one for sale for around this price? I've checked Ebay and the dealers just won't budge on thier prices even though they have relisted a dozen times. Any help would be appreciated.
-Paul (VA)
I'm looking to purchase a 2003+ E55 and my budget unfortunately is only 38k. Does anyone know of a place I could go to that has one for sale for around this price? I've checked Ebay and the dealers just won't budge on thier prices even though they have relisted a dozen times. Any help would be appreciated.
-Paul (VA)
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Joined: Jul 2006
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From: Oklahoma City
2015 AMG C63 S
Have you checked Auto Trader? Here are the results of a quick search that I did for 2003-2004. It has 32 possible cars. I did a search for Certified PreOwned cars since the warranty is extended and you will need one for this type of car. Be patient in your search, most all cars are available for something less than they are asking. Be sure and get a car with the right options. The options for each year are listed on the MB website and also they explain how many options work. Try to get the latest model year that you can afford. I started out looking for a 2003 and ended up with a lease on an '06, then moved into the 63 I have now.
MB also has a large database of preowned E55s.
Hope this helps.
http://www.autotrader.com/fyc/search...=&keywordsfyc=
MB also has a large database of preowned E55s.
Hope this helps.
http://www.autotrader.com/fyc/search...=&keywordsfyc=
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Out Of Control!!
Joined: Sep 2004
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From: San Diego
2015 S212
And the difference is? He gets the key and he drives it wherever he want. Having his name on the title makes it worth buying an '03 at the cost of "renting" an '06? In two years, that '03 will be worthless and the '06 will be worth its residual. So what is the difference?
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From: www.Traben-Trarbach.de
MPG+ ROLFCOPTER
You're making an assumption, the poster did state purchase in his original post, that it will last a certain time frame. Lets wait for the rest of the story. Leasing/renting isn't the cure all. Especially with an unknown ending - as in leasing.
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Thank you gents for the quick responses.
As for leasing, I don't know enough about it to really give you an answer on that one. My plan to purchase the E55 was to put down 10k and finance the rest so I was looking at financing around 28k over 5 years which would give me a payment of little less than 600 a month which I can afford. I've never purchased a car in this fashion but I love the car and would like to get my hands on one. I love the brainstorming thats occured here and I did check out your recommendations at Autotrader. What I found was some high mileage cars and I got a little hesitant.
In your experience, is there a sure way I could get something less than the fair market value. I've just about exhausted Ebay and I tell you that the dealers are absolutely looking to make every penny on these cars, they relist soooo many times with no luck but do not lower the prices. what gives? Any ideas would be appreciated.
-Paul
As for leasing, I don't know enough about it to really give you an answer on that one. My plan to purchase the E55 was to put down 10k and finance the rest so I was looking at financing around 28k over 5 years which would give me a payment of little less than 600 a month which I can afford. I've never purchased a car in this fashion but I love the car and would like to get my hands on one. I love the brainstorming thats occured here and I did check out your recommendations at Autotrader. What I found was some high mileage cars and I got a little hesitant.
In your experience, is there a sure way I could get something less than the fair market value. I've just about exhausted Ebay and I tell you that the dealers are absolutely looking to make every penny on these cars, they relist soooo many times with no luck but do not lower the prices. what gives? Any ideas would be appreciated.
-Paul
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Out Of Control!!
Joined: Sep 2004
Posts: 13,394
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From: San Diego
2015 S212
Thank you gents for the quick responses.
As for leasing, I don't know enough about it to really give you an answer on that one. My plan to purchase the E55 was to put down 10k and finance the rest so I was looking at financing around 28k over 5 years which would give me a payment of little less than 600 a month which I can afford. I've never purchased a car in this fashion but I love the car and would like to get my hands on one. I love the brainstorming thats occured here and I did check out your recommendations at Autotrader. What I found was some high mileage cars and I got a little hesitant.
In your experience, is there a sure way I could get something less than the fair market value. I've just about exhausted Ebay and I tell you that the dealers are absolutely looking to make every penny on these cars, they relist soooo many times with no luck but do not lower the prices. what gives? Any ideas would be appreciated.
-Paul
As for leasing, I don't know enough about it to really give you an answer on that one. My plan to purchase the E55 was to put down 10k and finance the rest so I was looking at financing around 28k over 5 years which would give me a payment of little less than 600 a month which I can afford. I've never purchased a car in this fashion but I love the car and would like to get my hands on one. I love the brainstorming thats occured here and I did check out your recommendations at Autotrader. What I found was some high mileage cars and I got a little hesitant.
In your experience, is there a sure way I could get something less than the fair market value. I've just about exhausted Ebay and I tell you that the dealers are absolutely looking to make every penny on these cars, they relist soooo many times with no luck but do not lower the prices. what gives? Any ideas would be appreciated.
-Paul
How long do you plan to keep it? How many miles per year do you use, etc? Putting $10K down and paying $600 per month for 5 years comes to $46K. I highly doubt you will get one with low miles or a warranty for the price range you are in, so add any repairs as well. What do you really think that car is going to be worth in 5 year + the wear and tear (mileage) you add to it? I'd guess you'd be lucky to get $15K back (keep in mind the miles will be high enough for a re-build and no dealer will be touching a 10 year old car). That leaves you spending $35K (minimum) to drive a high mileage older car for 5 years.
Now, contrast that to picking up a lease swap:
1 - You are only commiting to about 2 years left, since most were leased for 36-39 months and it has been a year since the sale.
2 - You can likely put $0 down and just assume the lease, so your $10K down becomes liquid
3 - You have a warranty
4 - You have a newer car and more options
I never said leasing was cheaper overall. It is ll the same. It just depends on if you want to buy the front side or back side of the car and if you wanna pay up front or as you go.
Notice I ignored the mod...
