Will Moderate For Cigars
Date registered: Apr 2005
Vehicle: 2002 ML320, 2005 S430 4MATIC, 2010 F150 Crew Cab
Location: City on the TN River
Mentioned: 3 Post(s)
Quoted: 200 Post(s)
RE: Value of 2001 ML320 after 50,000 miles- out of warranty
First of all, I never lease, period. I personally think it's a bad idea for me and most people (there are those rare few who either can't do math or have some how come out on top).
If you wish to get rid of the '01 ML320 because of potential problems, I can't blame you. But to buy because it's out of warranty is not wise. I would buy a newer used ML and stay away from the W164 for a couple of years until their track record improves. The W164 is having tranny problems that are bound to get worse as more are sold and more miles are put on them (view the W164 Forum for related problems).
Buying is just wiser, IMHO, and I NEVER buy new. If you do the math AND figure what you'll pay for a new against a used that is a couple of years old, you will see what I mean. You can also compare lease against a purchase. As far as the out of warranty thing, if you have a paid for vehicle, the payments that you normally would make on a newer (or new) one would go far to repair the one you are driving. Again, though, as asianml pointed out, they are plagued with problems and this is something you have to financially weigh out on your own. What could you really afford to spend to fix it? One years payments on a new one could easily be $5,000 to $6,000 per year or more.
BTW, welcome to Benzworld!