Owning an E55
I will say, if your on a "budget" probably not the car for you.
Good luck!
Do you do any of your own work?
If so, how do you rate your ability (1-10 with 1 being wiper blades and 10 being engine rebuild
)?$20K will find you a solid older/higher mileage example. But, like any older car it will need things and these can be VERY expensive at the dealer, much less expensive at an indy, and very affordable if you do it yourself.
If a rear airmatic bellow goes bad it cost $700 to fix.
If the airmatic pump goes bad it costs $300 to fix.
If the pressure reservoir in the brake system goes bad it costs $450 to fix ( not covered in sbc warranty ).
These are just examples that don't include labor. I love the car, but taking care of it is not nearly as cheap as a camaro or mustang. The car will surely reward you though if taken care of as it is a blast to drive and the luxury and pampering it gives you makes other cars cry.
Even though everything checked out and it drove well. It was at the dealer for 4 days getting a new IC Pump, Pully Tensioner, and belt. All of which cost around $1k-1.5k at the dealer (but I have a warranty).
So be prepared to spend some cash on it even if it seems great. My car is driving like a champ now and I'm very happy with it.
Obviously you can save a lot of money doing it yourself but I'm just giving you my experience.
Even though everything checked out and it drove well. It was at the dealer for 4 days getting a new IC Pump, Pully Tensioner, and belt. All of which cost around $1k-1.5k at the dealer (but I have a warranty).
So be prepared to spend some cash on it even if it seems great. My car is driving like a champ now and I'm very happy with it.
Obviously you can save a lot of money doing it yourself but I'm just giving you my experience.
A warranty is great if you have one but getting one on a $20K E55 will be tough due to age and mileage and if you find one it will likely cost you $4500+.
If you do your own work, these same repairs will cost you $320-350 plus 2-4 hours labor.
Of course, as GT-ER pointed out, there are some parts that are still expensive, even in the aftermarket. I figure I will spend about $1500/yr on maintenance and repair (including tires) but I consider this "normal" since I'm used to paying the Porsche tax on parts.
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A warranty is great if you have one but getting one on a $20K E55 will be tough due to age and mileage and if you find one it will likely cost you $4500+.
If you do your own work, these same repairs will cost you $320-350 plus 2-4 hours labor.
Of course, as GT-ER pointed out, there are some parts that are still expensive, even in the aftermarket. I figure I will spend about $1500/yr on maintenance and repair (including tires) but I consider this "normal" since I'm used to paying the Porsche tax on parts.

Keep in mind mine was fully inspected and everything was perfect when purchased except IC Pump, which we all know goes bad.
Then the tensioner issue was caused by a bad install of the IC pump and the belts aren't covered under warranty.
Moral of the story is anything can and will probably go wrong at the worst times (I was driving 400 miles home when belt ripped) so be prepared and don't just purchase the car because they are low in price without knowing what you're in for.
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CityOfAngels gave a good example of why wrenching it yourself could save you big bucks. The I/C pump costs a whole $115, the supercharger idler pulley costs $140 ( asp ) and the belt $35. The whole install only takes a few easy going hours and you only spent $290 on items that a dealer would charge you $1K for.
For reference, I paid just under $24k for an '06 with 75K miles. Well optioned and very very clean, but needed some minor things to make it perfect. By the time I'm "done", I will have spent about $800 plus a couple days labor to resolve a couple minor repairs and do all of the maintenance befitting an 80k miles car since I have no records. I probably could have paid $2-3K more and found a car with 60K miles and full records but I wanted a blue one and they are hard to find.




One of the biggest headaches with these AMGs, are of course the electronics, not so much the powertrain in most cases. Mercedes-AMG are overly burden down with electronic gizmos, and the gizmos are a major headache for most. I can tell you that the E63 is relatively problem free. The airmatic is a sore point with the E, CL, CLS, S model AMGs.
Last edited by Yuille36; Nov 10, 2011 at 02:47 PM.
... is it part of the maintenance?
CityOfAngels gave a good example of why wrenching it yourself could save you big bucks. The I/C pump costs a whole $115, the supercharger idler pulley costs $140 ( asp ) and the belt $35. The whole install only takes a few easy going hours and you only spent $290 on items that a dealer would charge you $1K for.
I agree with the crowd, you sound capable of handling it. One thing to consider is the car may be down for a couple days while awaiting parts. This is true whether you order them from a discounter or thru the local dealer - AMG parts are rarely in stock. So be sure you have a backup transportation plan to cover this situation. I'm thinking mostly of airmatic strut failures here, as these go with no warning. Other common problem areas generally give some notice, such as idler pulley bearings and such.








