Used '03 E55
Thread Starter
Newbie
Joined: Sep 2007
Posts: 3
Likes: 0
going to purchase '03 E55
Used '03 E55
Hi folks,
I recently graduated from college and landed a good job shortly thereafter. At only 22, I consider myself lucky to be able to purchase such a fine machine, even if it's a used one.
At the same time, I know I'm just some dumb 22 year old who's going to make mistakes with the purchase of this vehicle.
I found an '03 E55 with 27k miles on it for 45k, no warranty. I'm considering buying it next week if all goes as planned.
I've heard of the myriad problems that need to get fixed like IC pumps and so forth. My main questions are:
At 27k miles, do you think the previous owner already had that replaced?
Without a warranty, can I get the dealer to replace an IC pump before I buy it?
How far down below 45k do you all think I can haggle with the dealer?
What else might this stupid 22 year old forget to think about?
Thanks, and cheers!
I recently graduated from college and landed a good job shortly thereafter. At only 22, I consider myself lucky to be able to purchase such a fine machine, even if it's a used one.
At the same time, I know I'm just some dumb 22 year old who's going to make mistakes with the purchase of this vehicle.
I found an '03 E55 with 27k miles on it for 45k, no warranty. I'm considering buying it next week if all goes as planned.
I've heard of the myriad problems that need to get fixed like IC pumps and so forth. My main questions are:
At 27k miles, do you think the previous owner already had that replaced?
Without a warranty, can I get the dealer to replace an IC pump before I buy it?
How far down below 45k do you all think I can haggle with the dealer?
What else might this stupid 22 year old forget to think about?
Thanks, and cheers!
MBWorld Fanatic!
Joined: Feb 2004
Posts: 9,155
Likes: 20
From: Southern, CA.
V12-Biturbo
Hi folks,
I recently graduated from college and landed a good job shortly thereafter. At only 22, I consider myself lucky to be able to purchase such a fine machine, even if it's a used one.
At the same time, I know I'm just some dumb 22 year old who's going to make mistakes with the purchase of this vehicle.
I found an '03 E55 with 27k miles on it for 45k, no warranty. I'm considering buying it next week if all goes as planned.
I've heard of the myriad problems that need to get fixed like IC pumps and so forth. My main questions are:
At 27k miles, do you think the previous owner already had that replaced?
Without a warranty, can I get the dealer to replace an IC pump before I buy it?
How far down below 45k do you all think I can haggle with the dealer?
What else might this stupid 22 year old forget to think about?
Thanks, and cheers!
I recently graduated from college and landed a good job shortly thereafter. At only 22, I consider myself lucky to be able to purchase such a fine machine, even if it's a used one.
At the same time, I know I'm just some dumb 22 year old who's going to make mistakes with the purchase of this vehicle.
I found an '03 E55 with 27k miles on it for 45k, no warranty. I'm considering buying it next week if all goes as planned.
I've heard of the myriad problems that need to get fixed like IC pumps and so forth. My main questions are:
At 27k miles, do you think the previous owner already had that replaced?
Without a warranty, can I get the dealer to replace an IC pump before I buy it?
How far down below 45k do you all think I can haggle with the dealer?
What else might this stupid 22 year old forget to think about?
Thanks, and cheers!
Junior Member
Joined: Jun 2007
Posts: 68
Likes: 1
From: Long Island, NY
1999 C43 White/Oreo
if the price is right, there are PLENTY of aftermarket warrantys out there... some are good and some suck.... but hey for $3000 you can get one and still be covered on a older car.....
my $.02
my $.02
MBWorld Fanatic!
Joined: Feb 2005
Posts: 1,728
Likes: 3
From: Atlanta
CTSV/6sp Grocery Getter
Katrina,
I was in your shoes at one point, listen to the others and buy a car with warranty. I would think a price closer to $40k would be a better deal for the car you are looking at.
Buy a car with a warranty and sleep well at night knowing that your car is covered if something really expensive breaks.
Here is my example. I bought a sweet 2000 Dinan S2 540 6 speed. All the records, recent service, perfect car. 50 miles after I bought the car the water pump died and left me with a $1,100 repair bill and other travel expenses to get me and the car home. I gambled on the fact that the car was perfect and just outside the factory warranty and paid for it in the end.
Learn from my mistakes.
I would use the extra cash that you would have set aside for repairs to fully fund your 401(k), Roth IRA, or emergency fund if your job goes sour.
I was in your shoes at one point, listen to the others and buy a car with warranty. I would think a price closer to $40k would be a better deal for the car you are looking at.
Buy a car with a warranty and sleep well at night knowing that your car is covered if something really expensive breaks.
Here is my example. I bought a sweet 2000 Dinan S2 540 6 speed. All the records, recent service, perfect car. 50 miles after I bought the car the water pump died and left me with a $1,100 repair bill and other travel expenses to get me and the car home. I gambled on the fact that the car was perfect and just outside the factory warranty and paid for it in the end.
Learn from my mistakes.
I would use the extra cash that you would have set aside for repairs to fully fund your 401(k), Roth IRA, or emergency fund if your job goes sour.
MBWorld Fanatic!
Joined: Jul 2006
Posts: 1,947
Likes: 8
From: Oklahoma City
2015 AMG C63 S
P.S. for $45,000 you can at least be in an '04 with a warranty remaining. There are a lot of cars out there to look at.
MBWorld Fanatic!
Joined: Sep 2002
Posts: 2,923
Likes: 3
Mercedes Benz
I just sold my 2004 in perfect condition with new PS2's, new pads and rotors (all 4 wheels) 32k miles and a 8 year 100k warranty for 48.5k. At 45 for an 03 with the same general miles and no warranty is just to high.
Good luck
My car had 10k in options as well. Sticker was 90k.
Good luck
My car had 10k in options as well. Sticker was 90k.
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MBWorld Fanatic!
Joined: Aug 2005
Posts: 3,466
Likes: 10
From: Southern Cali (Ontario)
bought my car 1 year ago.. for $53k, cpo and extended warranty.. with only 14K miles.
I had lots of things replaced:
IC pump
tensioner pulley (chirp)
transmission leak
transmission replaced
torque converter replaced
komp clutch replaced
now I have 33k miles and my CPO has 1 more year left and my extended goes up to 60k or 2010.
I would not buy ANY amg without warranty.
(my c32 has cost me more to own than my E55).. due to lack of warranty.
I had lots of things replaced:
IC pump
tensioner pulley (chirp)
transmission leak
transmission replaced
torque converter replaced
komp clutch replaced
now I have 33k miles and my CPO has 1 more year left and my extended goes up to 60k or 2010.
I would not buy ANY amg without warranty.
(my c32 has cost me more to own than my E55).. due to lack of warranty.
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