What's up with pricing?
Thread Starter
Super Member
Joined: Feb 2005
Posts: 929
Likes: 3
From: Littleton, CO
2005 E55 silver
What's up with pricing?
I have not been to this forum in a while but I spotted this 04' E55 at this dealer and was wanting to take a look but why the huge difference in price between them and edmunds. I'm not sure how reliable edmunds is but we are talking a pretty significant marking up from "trade in" to their retail.
Here is the car link http://www.mbwestminster.com/used/Me...a64bb677a2.htm
any help would be nice....
Here is the car link http://www.mbwestminster.com/used/Me...a64bb677a2.htm
any help would be nice....
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From: Orlando
1967 Pro Touring turbo LSX Camaro
What's that supposed to mean? Is the KBB and Edmunds listing supposed to be a price sheet for cars? It's a rare car, probably clean as hell, and they don't give a **** what Edmunds says its worth. Those guides are often way off on specialty cars.
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From: Chicago
03 E55 AMG, 06 Harley Road King Custom 06 Ram 2500 Cummins, 97 Firebird Race Car, 88 Cutlass Supreme
Seems these cars are loving the low/mid 20's asking prices. Its a TON of car for the money. They've kinda plateaued a bit price wise it seems. If it doesn't sell the price will go down, I suspect they won't have a lot of trouble moving it though. The word on there cars being a great deal seems to be spreading more and more lately.
Super Member
Joined: Sep 2006
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Mercedes
Edmunds lists it anywhere from $9,000 trade in value, $11,000 private party & $13,000 dealer pricing 
That's ridiculous and a bunch 
These cars have dropped huge already. Who ever thinks this is the current value of a car like this , is 
That's ridiculous and a bunch These cars have dropped huge already. Who ever thinks this is the current value of a car like this , is
MBWorld Fanatic!
Joined: Aug 2007
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From: Jacksonville, FL
05 White Pano E55, Cadillac CTS-V
People need to keep the prices up and not give these things away. It is like a Supra for example, the things are much older than ours and still go for over $20k, our cars are fairly rare as well and getting rarer by the day as some are wrecked. Like said above, these cars give you so much car all around, good room for several people, great power and luxury on top.
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From: South FL & NYC
Your worst nightmare...
E55's will sit in the low 20's for quite some time. If I was to put my EV12 back to stock I would not sell for anything less than 25-27K. Serious as a heart attack.
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Joined: Jun 2012
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From: Maryland
W212 E63 AMG S Model
That's what I'm saying... these cars' depreciation needs to slow down now because where else can you get a 500hp luxury car for 20k? One thing modders / tuners used to boast about was how much money they'd save by modding their older cars, but nowadays if you want a reliable 500hp, you're going to be spending at least 20k.
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Member
Joined: Jul 2011
Posts: 196
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From: Los Angeles/Honolulu
Audi S4 (sold), E46 M3 (sold) 05 E55 silver/black(sold)
The real problem I think is that the auto market is simply flooded by the manufacturers. More cars are always coming which inherently pushes prices of older models down.
Thread Starter
Super Member
Joined: Feb 2005
Posts: 929
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From: Littleton, CO
2005 E55 silver
Thanks for the replies..i am still gonna try to get this for less than 20k...hopefully it works out. I am acutally looking at an 04 and 05 both in the low 20's...
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none
People need to keep the prices up and not give these things away. It is like a Supra for example, the things are much older than ours and still go for over $20k, our cars are fairly rare as well and getting rarer by the day as some are wrecked. Like said above, these cars give you so much car all around, good room for several people, great power and luxury on top.
Nothing looks like it on the road today
Bulletproof Motor
Easy to mod with great #s
Easy to maintain
The E55 is a AMG a name that has been whored out by Mercedes.
Now you can step into a AMG for as little as $50K brand new
The brand has been diluted, idiots sell them with no knowledge of the brand or the history and they are produced in the thousands as opposed to the hundreds.
Worse thing is these cars are now being pursued by people who have owned hondas and toyotas, they see the KBB price and want to haggle. I was lucky to sell my C32 for $13.5K
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2006 E55
I don't consider a Supra that teens nut over a classic car by any means; no matter the rarity of a pristine condition one. It's a decently fast production with crazy potential with some BPUs.
FWIW, I owned a 97 T for a little over two years.
My .02
FWIW, I owned a 97 T for a little over two years.
My .02
Super Member
Joined: Jun 2012
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From: Maryland
W212 E63 AMG S Model
You don't consider it a classic now... but it will be eventually. It was a car that was ahead of its time in technology / styling and even to this day the styling is pretty modern for a car that's 20 years old. If not classic, it will ultimately go down as one of the best tuner cars ever... that in itself is what should qualify it for a classic.
Senior Member
Joined: Oct 2006
Posts: 261
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From: NorCal / Latin America
'72 Fleedwoot
Supras are very reliable and easy n cheap to work on. MB tend to be unreliable and expensive to repair. What many around here are quoting for annual repair bills is equal to the lease payments on a new year model of their car. Why own a used one?
Junior Member
Joined: Aug 2011
Posts: 67
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From: Grand Rapids, MI
05 E55
More like why own a used one if you can't work on it yourself.
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none
Look at this fact.......A Mitsubishi EVO compared to a E55 at less than half the price brand new same model year, same miles. Guess which is worth more?
And both cars are based on less expensive models
And both cars are based on less expensive models
Member
Joined: Jan 2011
Posts: 225
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From: West Linn, Oregon
2011 E550 - 4Matic, 2008 ML550
I have no affiliation - but here is a nice 06 white E55...for 26K of course you can neg. a little with the dealer...
http://freemanmotor.com/autos/merced...lass-e13m0677/?
Maybe it is location?
Ah - I wish I had a white one...to late now.
http://freemanmotor.com/autos/merced...lass-e13m0677/?
Maybe it is location?
Ah - I wish I had a white one...to late now.
Member
Joined: Jul 2011
Posts: 196
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From: Los Angeles/Honolulu
Audi S4 (sold), E46 M3 (sold) 05 E55 silver/black(sold)
I agree with Moosejaw, manufacturers are not interested in the residual value of these cars, only in moving them off the showroom floor when new and getting buyers of new cars into the showroom in the first place. If a niche brand like AMG or M series for BMW gets diluted, then so be it. Their motivation as manufacturer and sellers is simply different from our own.
Go over to Ferrarichat and read up on complaints of depreciation on those cars. These aren't 50's or 60's built cars raced by some legend. They are relatively reliable appliances now, fast as they may be. No more, no less, and like Dorito chips, they keep making more.
Go over to Ferrarichat and read up on complaints of depreciation on those cars. These aren't 50's or 60's built cars raced by some legend. They are relatively reliable appliances now, fast as they may be. No more, no less, and like Dorito chips, they keep making more.
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Joined: Nov 2012
Posts: 594
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05 E55, 06 Audi S4
I had 94 supra for a year. 130k miles. paid 31k for it. was single turbo 6spd. stock bottom end and just over 700whp. also had widened oem rear wheels with 315 mt et. streets. was fast for sure. but a long with a 1994 comes creaks,rattles, and oldness. I sold the car after I gave it a whooping with a bad piston ring. still got 29k$ for it!. I'm not gonna lie I don't miss the car one bit. I'm a big fan of my e55. so worth paying low 20's for one.
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From: The Granite State
.
I agree with Moosejaw, manufacturers are not interested in the residual value of these cars, only in moving them off the showroom floor when new and getting buyers of new cars into the showroom in the first place. If a niche brand like AMG or M series for BMW gets diluted, then so be it. Their motivation as manufacturer and sellers is simply different from our own.
The remaining cars on the road continue to pile on the miles and fall into disrepair, get crashed, etc. And the maintenance costs keep increasing. I think we do our part around MBWorld by speaking frankly about those maintenance costs and that helps scare away the kids who would be bankrupted by a car like this.
You ultimately end up with a super low-end $$$ E55s (high miles, lots of deferred maintenance, major issues) and a category of well-maintained, nice examples of the E55 platform.... Those will continue to hold their value well, and I agree that the best examples should still command prices in the $20s.
The only real game changer items of depreciation will be when/if the new E63 TTs get cheap enough that people simply move to that platform and skip over the E55 completely.
That's my take anyway....
-G
