1998 E320 sedan - need help pricing - KBB doesn't account for rebuilt transmission - Mercedes-Benz Forum

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post #1 of 15 (permalink) Old 03-07-2010, 08:41 PM Thread Starter
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1998 E320 sedan - need help pricing - KBB doesn't account for rebuilt transmission

I am finally selling my 1998 E320 Mercedes since we just cannot deal with having 3 cars in NYC. We have a 2007 SUV which we recently bought and I've had it since mile 1 as it was my company car. I have a new 2010 company car and that leaves car #3, my Mercedes that I've had for over 5 years. We only have 1 parking space at our complex so it's becoming a pain to keep rotating the cars due to alternate side of the street parking & we are racking up parking tickets....especially in the recent blizzard we had in NYC.

I need some help pricing it to sell locally in NYC. KBB.com puts the price at $5255 - $5780 but that does not account for the rebuilt transmission with a warranty, the AMG rims I bought or the Pirelli tires that are also new.

The stats are:
125,001 miles
1998 E320 4 door sedan
automatic
AMG rims
Pirelli tires
Black exterior
beige leather interior
rebuilt transmission with warranty through May 2010 (or 12,000 miles)
The transmission had 123,000 miles when it was rebuilt

Anyone have ideas on pricing? I want to sell it quickly but I also don't want to give her away.

Would $7,000 be outrageous? Why? Why not?

Thanks in advance for any help. I plan to put her on craigslist & put up flyers later this week.
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post #2 of 15 (permalink) Old 03-08-2010, 08:20 AM
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Nice looking car. I think $7000 would be a reasonable place to start. Try asking on the W210 forum too. Good luck.

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post #3 of 15 (permalink) Old 03-08-2010, 09:42 AM
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We have the same color cars, beside the wheels
kbb or NADA are worthless on selling the car.
Check the local craigslist or other publications to compare.
For quick sale if you are not pushing top price -ebay is unbeatable.
Good luck.
Oh BTW clean the gunk from steering wheel to start with.
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post #4 of 15 (permalink) Old 03-08-2010, 10:46 AM
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I'm trying to understand why a rebuilt transmission would increase resale pricing, warranty or not. If it simply restores the car to its original level of function, rather than being a broken thing, it shouldn't command an appreciable premium. Also, the warranty only extends for another 2 months or so and may not be transferable, many are not.
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post #5 of 15 (permalink) Old 03-08-2010, 12:17 PM
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fwiw - I wrecked my 98 163 that had a 1 week old rebuilt trans. Insurance gave me an extra grand for my new $3500 trans with a 4 year warrantee on it.

Thanks!
Fred
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post #6 of 15 (permalink) Old 03-08-2010, 06:06 PM
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Quote:
Originally Posted by waybomb View Post
fwiw - I wrecked my 98 163 that had a 1 week old rebuilt trans. Insurance gave me an extra grand for my new $3500 trans with a 4 year warrantee on it.
Yeah, but that was for a warrantee not a warranty. I'm sure what you had was more valuable.
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post #7 of 15 (permalink) Old 03-08-2010, 06:18 PM
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I partly agree with 300E.
2 months warranty might sound slightly positive, but the news that those cars blew $3500 transmissions can't look good.
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post #8 of 15 (permalink) Old 03-08-2010, 06:33 PM
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You can ask what you want. What someone is willing to pay may be a different matter.

The rebuilt trans is probably not going to get you any extra money because of 300E91's logic.

If you have the OEM wheels and tires, put them back on the car and sell the good wheels and tires separately. In my experience selling several used cars (Lexus and Mercedes) lately, buyers will try to beat you down off the KBB price for an 'average' car and they don't care whether the car is pristine or really is 'average.'

Everybody is looking for a bargain and the assumption is you need to sell the car badly to pay off a bookie or to support a drug habit, so nobody is going to pay you what you consider a fair price for the car. I'd strip all the extras off the car and sell them separately and get what the market will bear for what's left.

It's a nice car. It is probably worth $7k to someone who wants a nice car. Truth of the matter is someone looking at a 12 year-old car with 125k miles is not going to be particularly concerned with the niceties of how well it's been kept or what kind of tires it has; they are looking at getting into a Mercedes for cheap so they can impress their friends, girl friends, mom, or whoever.

Good luck. I hope you find a buyer who appreciates the car's condition, and I hope you get what you want for it.

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post #9 of 15 (permalink) Old 03-08-2010, 06:35 PM Thread Starter
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Thanks for the tips!

Quote:
Originally Posted by Musikmann View Post
Nice looking car. I think $7000 would be a reasonable place to start. Try asking on the W210 forum too. Good luck.
Quote:
Originally Posted by Kajtek1 View Post
We have the same color cars, beside the wheels
kbb or NADA are worthless on selling the car.
Check the local craigslist or other publications to compare.
For quick sale if you are not pushing top price -ebay is unbeatable.
Good luck.
Oh BTW clean the gunk from steering wheel to start with.
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post #10 of 15 (permalink) Old 03-08-2010, 07:06 PM
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The rebuilt transmission adds no value to the car. If anything it just shows that all 125k miles were hard NYC stop-n-go miles, because these transmissions don't normally fail that young. I would put the stock wheels back on the car, because aftermarket/upgraded wheels generally add very little to no value when sold with the car. They will bring much more money on their own as a set.
As for the price. $7000 is too high for a NYC car with a fairly beat up interior. The steering wheel is trashed, the carpets and mats are heavily worn and dirty..... I can't tell about the paint, but I'd guess it is a swirly mess. This car will sell in the $5000 price range, assuming no accidents and nearly complete service history.
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