What has happened to the used Mercedes market? - Page 2 - Mercedes-Benz Forum

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post #11 of 26 (permalink) Old 10-25-2007, 06:25 AM
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Your pool of buyers is drying up because of the car's age. You have to love the w126 and not mind the fuel mileage of a 560 to buy one - otherwise, MB people who want a daily driver can now buy a w210 under 100k for $8000 and those cars are ten years newer.

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post #12 of 26 (permalink) Old 10-25-2007, 07:25 AM
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Talking

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Originally Posted by cascade View Post
Say it runs on biodiesel and ask $12,000

It will be gone tomorrow.












Well it was worth a try anyway.
Funny

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post #13 of 26 (permalink) Old 10-25-2007, 08:41 AM
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Ensignthomas, selling a car is like selling anything - marketing. You've got to SELL them on it. The goal is to make the buyer believe they have an opportunity to get something highly desirable. The same applies to dating and employment. The highest paid person in a department is "viewed" as the best. They're viewed as having that special something that everyone else is missing. Though intangible, it has value. Great value. At least that's what I always try to get my employers to believe. It's ephemeral too. "Get it now, because once this door is shut, all that's left are leftovers - and there's a reason why they're left over."

Like many things, marketing is a skill. If you don't have it, you may want to consider consignment. Park that Benz on a lot with some other high dollar iron and it’s 'lettre de cachet' will be STAMPED BABY! That car will look so good YOU'LL want to buy it.
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post #14 of 26 (permalink) Old 10-25-2007, 09:14 AM
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Originally Posted by MarcusF View Post
I just read your ad.
  • 20 years old
  • 120,000 miles
  • Just devoured a transmission, AC, and alternator
  • It drinks oil
And that's not the worst of it.

You ended the ad with "Love the car but ready to move on."

Is it just me or does "ready to move on" sound like code for "the repair bills are KILLING ME"? That ad reads like the car is ready to fall apart on the buyer's drive home. Honestly, you're scaring buyers. I'd take it out of the papers, wait 45 days, and then start again. When I started again, I'd use someone else's wording. Wording from the ad of a car that moved quickly.
Can someone copy and paste or link to the ad here?

If it is really as poorly written as you say, then that is 100% the reason why it isn't selling. No one wants to buy a parts car for a full price.
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post #15 of 26 (permalink) Old 10-25-2007, 09:30 AM
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You guys are drawing the conclusion without checking the facts.
As I wrote above the plummeting market hit my 6-years old AMG as well and it is low mileage, pristine condition car.
Face it, even if you have 3-years old Mercedes, you'll have to sell it presently for pennies.
8 grands for 10 years old W210 with 100k miles? Only in your dreams. More like 5-6.
Than the Rolls-Royce dropped in values even more.
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post #16 of 26 (permalink) Old 10-25-2007, 09:55 AM
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Every 1980s Mercedes needs a new transmission.

Cost of this equals value of car.

Market recognizes this and prices the cars accordingly, i.e. ready to be totaled.

They're stricly cars for "enthusiasts," i.e folks willing to participate in these economics.

Yes, a new transmission is cheaper than a new car, but a new(er) car is always more exciting.

Only people owning these cars believe they're better than the new ones. Those who've owned the newer ones know better.

Kent Christensen
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post #17 of 26 (permalink) Old 10-25-2007, 09:56 AM
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Quote:
Originally Posted by mr.xpowerseller View Post
Can someone copy and paste or link to the ad here?

If it is really as poorly written as you say, then that is 100% the reason why it isn't selling. No one wants to buy a parts car for a full price.

This is the ad -

Car is in Las Vegas, NV, USA. Not many around like this one. 120k miles. Driven daily. Has passed all emissions tests. Have owned for over 2 years. Lots of new parts: transmission, a/c compressor, brakes, tires, alternator. Cold a/c. Love the car but ready to move on. $5200obo.
(702) 327-5048

As soon as I saw he'd owned the car two years, and these are the bills that he's incurred, a red flag went up. In response to a question about the engine condition:

". . . . .the car has used oil since I bought it at 99,000 miles. However, since I started using the Lucas oil treatment the oil use has gone down to probably about 1/2 to 3/4 every 1,000."

If a person has to use special snake oil to bring oil consumption DOWN to 3/4 quart per 1000, many people will think, what was it before? 1.5 quarts? That would mean the car was using seven and a half quarts of oil between 5K oil changes. And how long will this concoction continue to keep oil consumption down?

The photos are nice. The text needs some help.

Last edited by MarcusF; 10-25-2007 at 11:58 AM.
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post #18 of 26 (permalink) Old 10-25-2007, 11:56 AM
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The car may have low mileage but for all that is wrong and has gone wrong, it is an undesirable vehicle, especially at the price. $3500 tops, IMHO.

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post #19 of 26 (permalink) Old 10-25-2007, 12:18 PM
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Quote:
Originally Posted by MarcusF View Post
This is the ad -

Car is in Las Vegas, NV, USA. Not many around like this one. 120k miles. Driven daily. Has passed all emissions tests. Have owned for over 2 years. Lots of new parts: transmission, a/c compressor, brakes, tires, alternator. Cold a/c. Love the car but ready to move on. $5200obo.
(702) 327-5048

As soon as I saw he'd owned the car two years, and these are the bills that he's incurred, a red flag went up. In response to a question about the engine condition:

". . . . .the car has used oil since I bought it at 99,000 miles. However, since I started using the Lucas oil treatment the oil use has gone down to probably about 1/2 to 3/4 every 1,000."

If a person has to use special snake oil to bring oil consumption DOWN to 3/4 quart per 1000, many people will think, what was it before? 1.5 quarts? That would mean the car was using seven and a half quarts of oil between 5K oil changes. And how long will this concoction continue to keep oil consumption down?

The photos are nice. The text needs some help.

A couple pointers to the OP (not poster above...thanks for the copy/paste BTW).

As a general rule, don't write-in mileage on cars over 100,000 miles. It scares people away. No mileage = phone calls inquiring about #'s which allows you to verbally sell the car over the phone. DO NOT answer questions in the ad!!! Talking about it using oil is a big NO-NO. Don't list off every single thing you have done with it. It makes the car look like a money pit. simply state that it has received all required service, and expendable things, such as the tires are new. Highlight the A/C. No one wants to buy a car in Vegas without A/C. That is a very important selling point. Delete any personal references to loving the car....no one cares. Drop the price to $4999. People see a 4 in the thousands spot, not all the nines.

A couple other pointers. Make sure car has been professionally detailed (no hack jobs!) and place it in a high visability spot with multiple for sale signs on it. Your car will sell ASAP. Tried and true, no matter how bad the market it.
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post #20 of 26 (permalink) Old 10-25-2007, 04:56 PM
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You can get a 2 year old MBZ with 3% financing, from a dealership.

2004 E500 Black paint, leather and wood
2003 G500 Gun metal Big gas tank
2002 Tundra, Black (it's carries the dirt bikes)
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