tucsonbroker

07 E63, P1, pano - 20K miles on it, great shape, MB financial just lowered the buyout to 53K. Is this a good deal?

JoelE55

Sound like a good deal but do some research on KBB to see how much they're going for..

jtc55

unfortunately, KBB is out of touch w/ today's market. get some auction prices for real market value.

sack5000

Wait until June 4th if possible, MB Financial will have another offer for your car.

m_berman

Just go to a mb dealer and check their prices on the pre owned market.

Sounds about the going rate. If it where lowered by at least $5K then let the deals begin.

tuonor

I'd say this is an okay, not great deal. Would push to buy a few $k lower.

PM me if you want more data but best way to gauge this is request the latest Manheim data on 2007s. In April the auction pricing averaged $49-50k for an 07 that had 22k miles on average (ie this is wholesale so you'd have to add some transport costs and dealer mark-up on top of this).

Sometimes the dealers / finance cos are irrational. I tried to buy our 550i that was off lease for what I thought was reasonable...and that's how I ended up looking at e63s.

lbE55

Out of curiosity, what is the significance of June 4th?

sack5000

The initial offers from MB Financial came out on May 4th for leases that were maturing within a few months. These offers were at a discount from the original residual amount. The personnel at MB Financial have indicated that another offer will come out in another month or June 4th.