Date registered: Sep 2009
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Welcome to the family. Used Benz are surprisingly affordable, especially when you consider the stratospheric retail prices they command when new. They're also beautifully crafted and built.
The sad reality is that they depreciate like crazy by year four, and the reason for that is the cost of maintenance and repairs after the factory warranty ends. The best option is to find a CPO car. That'll get you 12 months of full warranty or 100,000 miles (whichever comes first) plus whatever remains of the original new warranty. Since most of us finance for much longer than 12 months, it's necessary to buy an extended CPO warranty. Currently you can add an additional year of coverage and 120,000 miles for $2495, or two more years for $4495 and 135,000. (That's for an S, may be less for other models)
Having owned an S500 and an S430 before the 2010 S550 I have now, I can tell you that $4495 is a bargain. The S500 had $13,000 in CPO warranty work, and then crapped out a $6,000 transmission after the warranty expired. Lesson learned. Mercedes + No Warranty= No More Mercedes.
CPO cars must be 5 years old or newer, so now 2008's are the oldest that qualify. If you can't find a CPO car, then a 3rd party warranty is your only option. My S430 had an EasyCare warranty that was $4,000 and did pay for itself before it ran out. It's not as smooth a process as CPO repair but worth every penny.
If you're wondering why I'm telling you this AFTER you bought your car, your local credit union can help you. They're usually more than happy to refinance the loan you got at the dealer, and their rates are better, and they also offer third party warranties that can be financed into the loan. Mercury and Mile One have good programs.
I don't mean to scare anyone, and many owners roll the dice and win. Not me though. That S550 has the full $4,495 135k mile CPO for three years. At three years and a day it'll be gone.
Black on Black, AMG Package, Pano, Night Vision, Some other goofy crap I don't remember right now.
2004 S430 Pewter & Stone
18" Staggered Wheels, Full AMG Body kit Added, Hardwired V1, Infinity Basslink Subwoofer, mObridge Bluetooth/iPod. TRADED 8/13
2006 S500 Black/Java AMG Sport (Sold at 120k, Still Missed.)