Casual hunt for lightly used E55, opinions needed

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Jan 2, 2009 | 03:02 PM
  #1  
Since I have a bit of spare cash laying around, I've started looking at the W211's. Please be gentle, I'm just starting my search.

There is an '03 CL600 up for sale for a mere $20k, although from reading the CL forum, the repair cost might be ominous, so for similar power, an '04-05 E55 might be a better choice (many of them seem to have the extended 100k mile warranty). There is one in the classifieds priced out at 30k for a low-mile '05. Would that be a fair price target?
I do have access to auctions via a friend, but of course those are going to be w/o warranty.

In this volatile market, the longer I wait, the cheaper they become, but of course I can end up waiting for infinity by that strategy.

Your thoughts?
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Jan 2, 2009 | 03:19 PM
  #2  
I was looking for an E55 before I purchased my C55. It appears to me that $30k for a low mileage 05 E55 is a hell of a deal especially with the extended warranty!
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Jan 2, 2009 | 06:11 PM
  #3  
'05 low to mid mileage e55's at a MBZ dealer CPO start at $42K - $49K. Small independent start at $37K and brokers even less. I would think in today's market, you can score a CPO 05 at the MBZ dealer for less then $40K. They are still holding out on price but can't much longer being the new year. Good Luck - of course my numbers are only for Wagons
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Jan 3, 2009 | 02:01 PM
  #4  
Quote: '05 low to mid mileage e55's at a MBZ dealer CPO start at $42K - $49K. Small independent start at $37K and brokers even less. I would think in today's market, you can score a CPO 05 at the MBZ dealer for less then $40K. They are still holding out on price but can't much longer being the new year. Good Luck - of course my numbers are only for Wagons
Lol! You had me until that last comment.
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Jan 3, 2009 | 02:37 PM
  #5  
Quote: Lol! You had me until that last comment.
Do it, Rick. I wish I would've just purchased the E55 when I got my E500. At the time, I was getting out of a Jaguar S-Type R (400hp blown) and I thought that with my daily commute, the E55 would just be overkill. I opted to save the cash, get my wife another Rolex and an E500. Since the day I got it, I've been spending fat cash to get the AMG look. Every time I get in, or behind the wheel, of a W211 E55K, I feel like a complete bafoon for not getting one.

With the market the way it is, you almost can't afford NOT to buy one now. If I wasn't so deep into mine, I would do it too. I dropped so much cash into mine, plus my R500 is worth about 30 grand less than I paid for it, I'm stuck with what I have.

When you do get one, I'll act happy for you but I'll secretly hate you. More so than I do now....
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Jan 3, 2009 | 03:38 PM
  #6  
I'm still thinking of that CL600. 20 grand!

So it looks like an E is going to run me another 10k. A little bit more difficult to justify to the boss.
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Jan 3, 2009 | 03:45 PM
  #7  
Quote: I'm still thinking of that CL600. 20 grand!

So it looks like an E is going to run me another 10k. A little bit more difficult to justify to the boss.
That CL600 has a flood/accident title, no?
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Jan 3, 2009 | 04:28 PM
  #8  
Quote: That CL600 has a flood/accident title, no?
Accident, I think, but supposedly rebuilt. A giant red flag I know, but I have yet to have it looked at.
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Jan 3, 2009 | 05:06 PM
  #9  
Time is on your side, consider shoping the Florida market this summer, on your trip.

BTW the CL sounds too good at $20K
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Jan 3, 2009 | 05:07 PM
  #10  
Quote: Accident, I think, but supposedly rebuilt. A giant red flag I know, but I have yet to have it looked at.
I thought so. I remember seeing that car. But yeah, for 20 grand, it's almost a no lose. Almost.

Keep in mind that I don't think you can get an aftermarket warranty for branded titled cars. Not 100% sure on that though.
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Jan 3, 2009 | 11:20 PM
  #11  
For the past couple of weeks I have been an Autotrader.com fiend. I've been looking at the prices on the 05-06 E55.

By my estimations I'll have one in my hands within 3-4 months. At least I hope

Are there any other sites as good as www.autotrader.com for car shopping ?

Thanx for the help gang.

_____________________
Pepsiguru
08 Infiniti G37 Coupe
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Jan 4, 2009 | 12:28 PM
  #12  
That's a great idea to shop Fla, although that means a restless 6 month wait. Maybe the CLS market will tank enough by then.

Benz-O, I feel the same way. 20k is almost a no-lose.
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Jan 5, 2009 | 01:42 AM
  #13  
It'll drop alot by august i'm thinking since the new design E will be rolling in no?
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Jan 7, 2009 | 05:26 PM
  #14  
Any update on this, Rick? Having seen the pictures of the next gen E, it looks the W211 will be a keeper.
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