Why is this car so cheap?
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1987 Porsche 928 S4
Why is this car so cheap?
Last edited by art_z; 11-19-2012 at 09:45 AM.
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05 White Pano E55, Cadillac CTS-V
It probably doesn't have a bunch of options. I see it doesn't have keyless go, can't tell if pano roof but probably not and then they probably just want to get rid of it so $20k seems like a normal reasonable price to me for that type of car in the common color black.
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2005 E55 AMG
Cheap? You wanna see cheap?
I know of two people already that have bought E55's for under $20K ( 19K and 18K if I'm not mistaken, 04 and 05 models ) and there is an 04 model selling for $14K locally. WTF is going on? Do people hate these cars that much? I bought mine for $30K two years ago and it was considered a bargain at the time...now it owes more than it's worth.
I know of two people already that have bought E55's for under $20K ( 19K and 18K if I'm not mistaken, 04 and 05 models ) and there is an 04 model selling for $14K locally. WTF is going on? Do people hate these cars that much? I bought mine for $30K two years ago and it was considered a bargain at the time...now it owes more than it's worth.
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It's got a few options (bi-xenon, Nav, rear electric window shades, heated seats, glass sunroof, electric trunk closer)...
Carfax doesn't show any accidents. Might be worth a look for someone
-G
Carfax doesn't show any accidents. Might be worth a look for someone
-G
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1987 Porsche 928 S4
The carfax is odd that it shows Kendall put it for sale, then it sold at auction, and then Kendall is showing it for sale again. If it was closer I would check it out but to fly down there to save $5k from my local selling cars would only make sense if the it was mint inside and out, and from what I see in the pics I don't think that would be the case.
#6
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These cars are getting close to the ten year old mark and the gas tank issue, which there is still not a permanent fix. I know the later issue has kept me from these cars. I will skip right to the W212.
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IMHO, we're heading into the "ricer phase" of depreciation on these cars. They are cheap enough now that a good amount of them will be purchased by young kids looking for cheap thrills and big HP... I expect many of those will end up broken-down with expensive issues (airmatic, blown motors, etc) and will either be cobbled back together or scrapped entirely.
Loyalists will hold onto their cars through this period, so I suspect there will be a period of time when the prices will stabilize... the well-maintained cars will hold their value pretty well, but there will be a 2nd-tier of E55s out there that are going to be super-high mileage and poorly maintained pulling down pricing on the low end.
I am of the opinion that the fuel leak issue can be fixed permanently, but the solution will not come from MBZ directly. If the problem is cracking of the fuel sender fittings and subsequent leakage, it wouldn't be that hard to buy a new sender and then beef-up the entire area with epoxy or some other method. Maybe even tap a new hole to replace the original plastic fuel line fitting and put on a real metal aftermarket Earls-type connector? Someone is going to have to get irritated enough to take this on as a "personal project" and solve it themselves... but I'm convinced that a solution is out there.
-G
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E55 w/ goods, Z32 Project underway
IMHO, we're heading into the "ricer phase" of depreciation on these cars. They are cheap enough now that a good amount of them will be purchased by young kids looking for cheap thrills and big HP... I expect many of those will end up broken-down with expensive issues (airmatic, blown motors, etc) and will either be cobbled back together or scrapped entirely.
Loyalists will hold onto their cars through this period, so I suspect there will be a period of time when the prices will stabilize... the well-maintained cars will hold their value pretty well, but there will be a 2nd-tier of E55s out there that are going to be super-high mileage and poorly maintained pulling down pricing on the low end.
I am of the opinion that the fuel leak issue can be fixed permanently, but the solution will not come from MBZ directly. If the problem is cracking of the fuel sender fittings and subsequent leakage, it wouldn't be that hard to buy a new sender and then beef-up the entire area with epoxy or some other method. Maybe even tap a new hole to replace the original plastic fuel line fitting and put on a real metal aftermarket Earls-type connector? Someone is going to have to get irritated enough to take this on as a "personal project" and solve it themselves... but I'm convinced that a solution is out there.
-G
Loyalists will hold onto their cars through this period, so I suspect there will be a period of time when the prices will stabilize... the well-maintained cars will hold their value pretty well, but there will be a 2nd-tier of E55s out there that are going to be super-high mileage and poorly maintained pulling down pricing on the low end.
I am of the opinion that the fuel leak issue can be fixed permanently, but the solution will not come from MBZ directly. If the problem is cracking of the fuel sender fittings and subsequent leakage, it wouldn't be that hard to buy a new sender and then beef-up the entire area with epoxy or some other method. Maybe even tap a new hole to replace the original plastic fuel line fitting and put on a real metal aftermarket Earls-type connector? Someone is going to have to get irritated enough to take this on as a "personal project" and solve it themselves... but I'm convinced that a solution is out there.
-G
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2017 Charger Hellcat
The carfax is odd that it shows Kendall put it for sale, then it sold at auction, and then Kendall is showing it for sale again. If it was closer I would check it out but to fly down there to save $5k from my local selling cars would only make sense if the it was mint inside and out, and from what I see in the pics I don't think that would be the case.
#10
The "for sale car" is a Miami car, so it probably came from a canal somewhere or the backseat was used to do dental work in Hialeah, or the trunk was used to sell puppies in a gas station.
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I would bet with a full inspection that there would be thousands of dollars worth of work to be done on that car. Cheap cars are usually cheap for a reason. Simple as that.
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1987 Porsche 928 S4
This one looks decent:http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?endYear=2006&zip=18055&listin gType=used&listingTypes=used&sellerTypes=b&mmt=[MB[E55AMG[]][]]&modifySearchId=56206431&lastExec=1353335200000&mo delCode1=E55AMG&makeCode1=MB&startYear=2003&firstR ecord=26&maxMileage=75000&searchRadius=0&increment al=All&listingId=328437766&Log=0
Last edited by art_z; 11-19-2012 at 11:40 AM.
#13
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I LOVE that phrase "ricer phase" or also "pep boys" phrase. I've never heard it before but it makes so much sense. Sort of like how the W220 S500s have all hit the pep boyz phase with fake quad tip exhaust, very cheap and big ugly chrome wheels, fender vents, add on LEDs, and sometimes even the AMG badge. It makes so much sense.
Anyways, something I noticed on this car that's kind of odd is that the passenger door panel's insert area is plastic, but the other three doors are leather (standard). So it seems like someone replaced that part with an inferior piece. Makes you wonder what else the car went through if the owner isn't using the proper parts for repair/ maintenance...
BTW do all E55s have the 4 zone climate control standard or was it an option?
Anyways, something I noticed on this car that's kind of odd is that the passenger door panel's insert area is plastic, but the other three doors are leather (standard). So it seems like someone replaced that part with an inferior piece. Makes you wonder what else the car went through if the owner isn't using the proper parts for repair/ maintenance...
BTW do all E55s have the 4 zone climate control standard or was it an option?
IMHO, we're heading into the "ricer phase" of depreciation on these cars. They are cheap enough now that a good amount of them will be purchased by young kids looking for cheap thrills and big HP... I expect many of those will end up broken-down with expensive issues (airmatic, blown motors, etc) and will either be cobbled back together or scrapped entirely.
Loyalists will hold onto their cars through this period, so I suspect there will be a period of time when the prices will stabilize... the well-maintained cars will hold their value pretty well, but there will be a 2nd-tier of E55s out there that are going to be super-high mileage and poorly maintained pulling down pricing on the low end.
I am of the opinion that the fuel leak issue can be fixed permanently, but the solution will not come from MBZ directly. If the problem is cracking of the fuel sender fittings and subsequent leakage, it wouldn't be that hard to buy a new sender and then beef-up the entire area with epoxy or some other method. Maybe even tap a new hole to replace the original plastic fuel line fitting and put on a real metal aftermarket Earls-type connector? Someone is going to have to get irritated enough to take this on as a "personal project" and solve it themselves... but I'm convinced that a solution is out there.
-G
Loyalists will hold onto their cars through this period, so I suspect there will be a period of time when the prices will stabilize... the well-maintained cars will hold their value pretty well, but there will be a 2nd-tier of E55s out there that are going to be super-high mileage and poorly maintained pulling down pricing on the low end.
I am of the opinion that the fuel leak issue can be fixed permanently, but the solution will not come from MBZ directly. If the problem is cracking of the fuel sender fittings and subsequent leakage, it wouldn't be that hard to buy a new sender and then beef-up the entire area with epoxy or some other method. Maybe even tap a new hole to replace the original plastic fuel line fitting and put on a real metal aftermarket Earls-type connector? Someone is going to have to get irritated enough to take this on as a "personal project" and solve it themselves... but I'm convinced that a solution is out there.
-G
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E55 AMG
[QUOTE=xxGenericSNxx;5437950]
Anyways, something I noticed on this car that's kind of odd is that the passenger door panel's insert area is plastic, but the other three doors are leather (standard). So it seems like someone replaced that part with an inferior piece. Makes you wonder what else the car went through if the owner isn't using the proper parts for repair/ maintenance...
QUOTE]
Now that's a keen eye. I probably would have never spotted that on my own!
Anyways, something I noticed on this car that's kind of odd is that the passenger door panel's insert area is plastic, but the other three doors are leather (standard). So it seems like someone replaced that part with an inferior piece. Makes you wonder what else the car went through if the owner isn't using the proper parts for repair/ maintenance...
QUOTE]
Now that's a keen eye. I probably would have never spotted that on my own!
#15
The problem is that this cars have almost 10 years, and if you tried to finance the bank will tell you that only finance for 4 years and if you have good credit they can offer 4.95%. I am the one who gter said that bought one clean 45k miles 04 e55 for 18k. I was going to pay like 500 monthly without insurance. So you can buy a more new car for that monthly payment. What I do, I boughted cash. But not so many people have good credit and that kind of money to spend it in a 04 car. And also many people are afraid of him because the maintenance. Maybe in some other times where the economy was in good cond, this cars will sell for lote more than this times. Just my 2 cents. Sorry for my english but Im from Puerto Rico. ps, I love mine!!!
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2005 E55
I looked at one that had lower miles (70k) at 5k more thinking it be a better buy and found it needed both batteries, full brakes (pads/rotors) and service B...
The other poster talking about financing is correct, not a lot of people can afford to pay that kind of cash and if they can they generally aren't purchasing a 10 year old car. I found the same issue when trying to sell my Supra, being much older financing for buyers was that much harder.
#19
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Really $20K is cheap? Maybe in PR is cheap cause we pay a 35% "Premium and Tax" over the US price. For example, a full option 2004 E55 cost here about $145K.
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1987 Porsche 928 S4
From the looks of it, most cars with this age and mileage are listing for around $25K. Now whether they are selling for that is unknown. I have a silver one at a dealer down the road from me for $25.5k, 50k miles, beautiful in and out. Full set of records, but the color just ain't doing it for me right now. I'm sure after another month or two I can get him to throw in a warranty for 2 years for that money. Maybe then I will buy it.
I'm a cash buyer, would love to find a white one without issues, but seems like only real dogs are going for around $20k with a boatload of miles or reconstructed titles, neither which I am really interested in. Though if the right higher mileage car popped up locally with all service records I'll take the jump.
The last thing I want to do is save $5k on a car that needs $10k worth of work.
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1987 Porsche 928 S4
#24
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We should start some sort of trade busines... I'll buy E55s here for $25k, sell them to you for $50k, you sell them there for whatever you want and we'll all be happy!