Used car buying: KBB or NADA? Help! - Mercedes-Benz Forum

 
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post #1 of 7 (permalink) Old 09-14-2016, 01:53 PM Thread Starter
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Used car buying: KBB or NADA? Help!

Disclaimer: I have not bought a used car since 1996, when I bought a BMW 318i with "low original miles" that turned out not to be true because I discovered the owner had turned back the odometer. What a nightmare that was getting out of that mess. Needless to say, I have steered clear of the pre-owned market ever since.

However, with my VW TDI buyback imminent (sniff, I love that car) I am looking for a used vehicle to replace it (can't buy new since the wife just got a new '16 Durango in February). Right now I'm looking for a mid-2000s C-Class 4Matic on the "cheap" that I can drive for 6 months and then pass down to my teenage daughter and my sons who will follow her.

Regarding pricing of used cars, I'm not sure where to place my expectations: NADA or KBB. I found an '04 C240 4Matic with 97k on the clock that seems worth a serious pursuit, However, the private seller is asking $7,200 OBO, based on the $6,700 retail NADA price the bank told her (not sure why she thinks she can price it about NADA retail anyway). KBB private seller value, however, is between $4,400 and $4,800. Since I've seen no cars of this vintage with this mileage in my local market, I'm not sure which price is reasonable. I assume she's crazy to think she's going to get NADA retail, but am I crazy to expect to pay the KBB private seller price?

Any advice from those of you with used car buying/selling expertise?
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post #2 of 7 (permalink) Old 09-14-2016, 02:07 PM
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NADA is mainly for dealers. that price is for dealer's price to sell on the lot.

Stick to KBB and offer her between "fair" and "good" price on kbb.

oh and do a PPI on it at a dealer.

--1998 MB E300TD 285k
--1997 MB E320 198k
--2004 Dodge Ram 5.7L 212k and holding (damn gas guzzler)
--2011 Suzuki DL650 44k
--1997 MB E320 161k. SOLD...loved that stupid car.
--1998 MB ML320 207k. SOLD, thank heavens!
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post #3 of 7 (permalink) Old 09-14-2016, 02:29 PM Thread Starter
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Originally Posted by Deplore View Post
NADA is mainly for dealers. that price is for dealer's price to sell on the lot.

Stick to KBB and offer her between "fair" and "good" price on kbb.

oh and do a PPI on it at a dealer.
Thanks. Oh, and I definitely will have a PPI done, but probably at a certified independent Benz shop. If I'm going to get a list of potential repair costs, I'd like it not to be at dealership rates.
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post #4 of 7 (permalink) Old 09-14-2016, 03:03 PM
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KBB has one main rule that I noted about 20 years ago and doesn't look like it changed.
Let's say KBB is giving $6000 value on used car.
Now would that be a Chevrolet, or Nissan, you will find tons of those models in $4-5000 range.
When you have $6000 valued Mercedes, you'll be lucky finding this model for $8000.
NADA is closer IMHO but still even they take ZIP codes for local pricing, they are way off the market.
You choose not to disclosure your location. Lot of our members search CL just for fun and knowing the region might share the good finds.
There is one 600 HP W211 Mercedes on East Coast for $5500 per reports.

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post #5 of 7 (permalink) Old 09-14-2016, 03:17 PM Thread Starter
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You choose not to disclosure your location. Lot of our members search CL just for fun and knowing the region might share the good finds.
I'm in Utah (not a mecca for used Mercedes shoppers).
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post #6 of 7 (permalink) Old 09-14-2016, 03:20 PM Thread Starter
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There is one 600 HP W211 Mercedes on East Coast for $5500 per reports.
That one sounds like a really bad idea for my not-yet-16-year-old daughter.
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post #7 of 7 (permalink) Old 09-14-2016, 05:12 PM
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That one sounds like a really bad idea for my not-yet-16-year-old daughter.
Who knows?
I bet your sons will love it
When my sons were coming to driving age, I collected whole bunch of articles how 16 yo who after getting performance cars from parents wrapped themselves in the car on big trees.
So in the lack of nice 220D at the time, they have been getting old cars with not so much performance.
Talking about car choice, it is not only my opinion that W210 at present time are the best bang for the buck.
You can buy them below $1000, while $2500 can find you a nice one. Diesel will cost more, but that different story.
Pretty reliable workhorses.

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