2005 E55 AMG FOR SALE
11-02-2008, 11:25 PM
#26
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04 - 06 e55 Wagon - looking for
'04 e55 sedans with 30K - 48K mileage could be had for around 29K - 32K. Find a broker you trust and let him do his work or find a seller who needs to off theirs quick. Someone here can paste the latest MA prices for verification, but please note that one can never tell the condition of the cars sold at auction just by looking at the prices. Also, prices very per region. Essentially, we have a perfect storm: Credit market, Real Estate, Recession/Deflation, Job Security, Gas (not so much now), and Green movement are killing the resale market for high end gas guzzling luxury cars.
06 e55 Wagons used to sell at low 60's 7 mos ago. Now, they are selling at mid to high 40's. That is a $10k/$15K hit. The depreciation rate has never been so steep. That is what's happening folks. Most of the sellers are chasing the market down.
06 e55 Wagons used to sell at low 60's 7 mos ago. Now, they are selling at mid to high 40's. That is a $10k/$15K hit. The depreciation rate has never been so steep. That is what's happening folks. Most of the sellers are chasing the market down.
11-03-2008, 07:25 AM
#28
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SL600
Thanks for the input guys I appreciate it. You do have a point that some similars are going for mid 30s, however the blue book on the car is 45k, the problem is the economy, and the people trying to get a quick buck on a car they were leasing or financing. They are killing the market for people trying to get a disappointing but fair return on investment, considering the blue book which has always been the standard on used cars. But again I appreciate all the input. Anyone reading this, I am not stuck on that price, if u feel u are interested in the car, but dont like the price, make me an offer.
Thanks everyone, and keep the comments coming
Neil
Thanks everyone, and keep the comments coming
Neil
High-end cars are depreciating 3%-5%+ a month in this market, and KBB just can't keep up. The real value is mid $30k's, assuming the car is still under warranty, and even less if the warranty is expired.
I wouldn't use bluebook to value anything right now, or you're guna be sitting on that sucker for awhile.
11-05-2008, 12:24 AM
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05 Nissan 350z and 03 Land Rover Discovery
I've been watching the e55 market for over a year. I use multiple source listings and monitor a number of forums. If you truly want to off this car, you will need to fall out of love with it and re adjust your price because just like the Real Estate market, you will be forever chasing the market down. Also, accessories don't add much to the resale in this market.
I will repeat:
For those who need to sell, sometimes it is better to sell at a loss initially, because you can get stuck chasing the market down eventually selling it for a big time firesale price when you could have sold earlier.
Of course if you can carry the car month to month and are not hurting, then sure. Keep it until you find the right buyer. But you know, listings get stale like houses. So you constantly have to attract buyers one way or the other. Good luck.
Out of Touch Seller #1 - 2004 e55 in Irvine.
This car has been on an off Craigslist for more than 7 mos +/-. The seller originally tried to sell in the mid forty's. Way overpriced at the time. He has dropped his price slowly and is now asking $33K. If he had priced the car around $35K 6 mos ago he might have been able to sell it because that was the start of the downslide in price. He is still making payments - who knows. Car has 19" wheels and seems like it was well cared for and has extended warranty to 100K miles and all service records at Fletcher Jones. Unfortunately, the car has 80,500 miles - last I remembered the mileage was in the 70s when it was first listed. The market is so bad so be realistic about the price - period. This car will not sell until the price is in mid 20s. That blows as he could have sold it earlier if he wasn't so out of touch with the market.
http://orangecounty.craigslist.org/ctd/900275477.html
Out of Touch Seller #2 - 2005 e55, blk 48K miles
This car has been for sale in Carlsbad, CA for about one and a half mos. Seems like a great car and single owner with pink slip in hand. The original price was $39K and he just dropped the price to $37,950 and listing goes Mercedes e55 AMG Well below Kelly BB. If the price was well BELOW KBB, don't ya think it would have been sold by now? The owner sent me (an all others than inquired about the car) an email early October saying he would take $37K for a great deal if closed by the end of the week. Well, it looks like there were no takers as the car is still on Craigslist with the new reduced price. Apparently the seller wanted to buy another car and sell this car, but went ahead with the new car purchase. If he was willing to take $37K one month ago, maybe he will take $36K or less now?
http://sandiego.craigslist.org/csd/cto/901391814.html
I will repeat:
For those who need to sell, sometimes it is better to sell at a loss initially, because you can get stuck chasing the market down eventually selling it for a big time firesale price when you could have sold earlier.
Of course if you can carry the car month to month and are not hurting, then sure. Keep it until you find the right buyer. But you know, listings get stale like houses. So you constantly have to attract buyers one way or the other. Good luck.
Out of Touch Seller #1 - 2004 e55 in Irvine.
This car has been on an off Craigslist for more than 7 mos +/-. The seller originally tried to sell in the mid forty's. Way overpriced at the time. He has dropped his price slowly and is now asking $33K. If he had priced the car around $35K 6 mos ago he might have been able to sell it because that was the start of the downslide in price. He is still making payments - who knows. Car has 19" wheels and seems like it was well cared for and has extended warranty to 100K miles and all service records at Fletcher Jones. Unfortunately, the car has 80,500 miles - last I remembered the mileage was in the 70s when it was first listed. The market is so bad so be realistic about the price - period. This car will not sell until the price is in mid 20s. That blows as he could have sold it earlier if he wasn't so out of touch with the market.
http://orangecounty.craigslist.org/ctd/900275477.html
Out of Touch Seller #2 - 2005 e55, blk 48K miles
This car has been for sale in Carlsbad, CA for about one and a half mos. Seems like a great car and single owner with pink slip in hand. The original price was $39K and he just dropped the price to $37,950 and listing goes Mercedes e55 AMG Well below Kelly BB. If the price was well BELOW KBB, don't ya think it would have been sold by now? The owner sent me (an all others than inquired about the car) an email early October saying he would take $37K for a great deal if closed by the end of the week. Well, it looks like there were no takers as the car is still on Craigslist with the new reduced price. Apparently the seller wanted to buy another car and sell this car, but went ahead with the new car purchase. If he was willing to take $37K one month ago, maybe he will take $36K or less now?
http://sandiego.craigslist.org/csd/cto/901391814.html
however, possibly, the storm could be clearing soon...
11-05-2008, 12:34 AM
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04 - 06 e55 Wagon - looking for
the worse is yest to come. more people will default on their homes and many will be looking to get rid of there toys. throw in the economy and it is a perfect storm. yes the depreciation rate will slow, but the majority of damage will be done.
11-05-2008, 03:18 AM
#31
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I think we may be seeing prices level off a little bit, but the majority of the damage is done.
11-06-2008, 09:35 PM
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2006 E55, 2015 ML350
edit: Sorry, just realized I've taken this way off-topic....if anyone can help, PM me, I'm ready to buy!
Last edited by r00kie; 11-06-2008 at 09:37 PM.
11-06-2008, 09:39 PM
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SL600
The auction prices are more of a guide for figuring out what your dealer paid. The dealer normally wants to make as much as possible, but it's pretty safe assuming that they will be happy with a $2k or $3k per unit profit. So the auctions are helpful to help you figure out what to offer them.
11-07-2008, 04:47 AM
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04 - 06 e55 Wagon - looking for
Dealerships have excess inventory - both new and used
Money supply is tight even though the Feds have 'injected' over 1 Trillion dollars into the financial industry recently as a result of the 'Sub Prime' crisis but in reality 'Sub Prime' is being used as the scapegoat.
Chrysler is in dire financial trouble and the majority of their dealers (which includes Mercedes) are being asked to pay early on their flooring plan, but the dealers can't sell cars because the funding is simply not there. If so, then you better have a FICO >700.
Approx 40% of the population have a FICO < 700 so the number of cars being sold has been cut in half if not more - especially big ticket, luxury gas guzzlers
Even Toyota's profits declined 3rd quarter - first decline in profits the last 7 years - so the market is crashing BIG TIME
GM has 20B in cash and burning through this at 1B a month - Chrysler is worse and there is talk of a Gov't bailout or face Bankruptcy
Even if there is a bail out, many jobs will be lost do to restructuring
If Chrysler declares bankruptcy, then so will GM and Ford
More people are getting laid off as the days go by and people lose confidence so they don't spend. Instead, they hoard cash
Increase in supply of new and used cars puts downward pressure on price to move them, but there is less demand so we go into death spiral. At this point we've moved past inflation into DEFLATION
In October, no (ZERO) credit card backed securities (Bonds) were purchased which forced companies like American Express to go to the FED - the FED is buying up commercial paper so these companies can stay in business
Just look at the classified section and count how many cars have been posted for sale compared to the same time last year
11-12-2008, 05:40 PM
#38
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05' E55 AMG
Thanks again everyone for commenting. The dealership offered me $39000 for my car. I didnt want it at first but im gonna take it. The only problem is I personally dont think the 63 compares to the 55. But at least it will be a brand new car.
11-12-2008, 06:21 PM
#39
Reality bites huh?? Sorry you had to take a $10 K hit. Why not just keep her, modify her a bit more and enjoy her.
11-12-2008, 10:05 PM
#40
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Was the $39 trade-in value towards another car? They did not just cut you a check for $39k did they?
11-13-2008, 12:45 AM
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04 - 06 e55 Wagon - looking for
If you need to off it, take the deal. That price works in your favor but was $39K cash? Or as another member asked was the $39K put towards another car? It seems pretty high, but take it if they are serious for sure.
11-13-2008, 12:51 AM
#43
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1987 Buick GNX,SL65 Black, 1987 Buick Turbo Limited, 2010 GT500
damn a couple grand more and you can have my car....
very exotic setup.... this car gets more looks then my Lambo Murc!!!
https://mbworld.org/forums/c219/269038-pics-my-cls55-cool-ass-car-sale-also.html
https://mbworld.org/forums/c219/269038-pics-my-cls55-cool-ass-car-sale-also.html
11-13-2008, 01:00 AM
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04 - 06 e55 Wagon - looking for
very exotic setup.... this car gets more looks then my Lambo Murc!!!
https://mbworld.org/forums/showthread.php?t=269038
https://mbworld.org/forums/showthread.php?t=269038
11-14-2008, 09:58 AM
#46
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Please - These cars just are not moving at prices worth selling for. To think I kept my baby in the garage, treated it to 6 very expensive oil changes in 16,500 miles, drove it only when the sun was shining, kept it shiny and clean. For what? Well, I have an extended factory warranty that will keep it covered for another 3 years and another 60k miles. Either someone is paying me $42k for it or I am just keeping it. It isn't as though I can find anything remotely as fun (or as fast) and well-maintained for that price to replace it. And with all the money I am spending on my house, $30k (net of balance of car loan) really is not going to make that big of a difference.
I will put it on Autotrader next week and see where it goes.
11-14-2008, 05:44 PM
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11-15-2008, 12:05 AM
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bmw
I doubt the dealer took out the checkbook and wrote him $39k for the car alone.
11-15-2008, 01:00 AM
#50
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These crazy pricings are simple economics. There is a huge supply on the market right now and low demand, thus the prices. When the supply and demand change, so will the prices. But in this market, it may take a while.
