FS 1995 E320 Wagon (W124) in NY superb condition w/90k - Page 2 - Mercedes-Benz Forum

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post #11 of 27 (permalink) Old 12-07-2008, 12:39 AM
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Date registered: Dec 2007
Vehicle: 1985 500SL - 2002 SL500 Silver Arrow Edition
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I just saw a mint one located in Texas with 75k SELL on ebay for $5,500.

I recently bought my '95 E320 wagon with higher mileage (150k) but in just as nice condition as yours. I'm going to shell out $1100 to replace the head gasket (slight leak) and replace the rear brake pads. Good maintenance records as well.





I only paid $2500.00 for it and will have a close to perfect car for less than 4k. The fact is these cars have common big ticket items, head gasket, wiring harness, evaporator, that wear as they get older. A truly smart buyer will actually go for the higher mileage ones with these issues addressed.



You may get an uneducated buyer to come close to your optimistic asking price, but no informed W124 buyer would ever pay close to what you're asking. You've got a 6k car topps.

85 500SL: 1984 300SD: 190k 1997 S500: 226k

Last edited by TylerH860; 12-07-2008 at 12:45 AM.
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post #12 of 27 (permalink) Old 12-07-2008, 04:40 AM Thread Starter
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Date registered: Apr 2007
Vehicle: 1995 E320 wagon, 1970 280 SE, 1999 E320 4MATIC (sold), 1980 450SEL, 1983 240d (sold)
Location: upstate ny
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I appreciate everyone putting so much effort in trying to "educate me" in what my car is worth. If anyone wants to talk seriously about the car, send me a pm and we'll talk. As they say, cash talks, bs walks. Wave $7500 in front of me, it's yours. I'll consider all offers, if they are real offers.
Part of the added value of this car is that it is so nice, all of the trouble spots have been done, and it is in upstate NY. You simply cannot find nice rust free cars like this up here because of all the snow. Texas is a different market. It's going to cost somene $1000 plus to get one of those cars up here. Plus it's the right color. I'm not saying that green or red or whatever is not lovely in the eye of the beholder, but certain colors in certain models appeal to larger numbers of people.
Ebay is often a great place to buy cars. It does not define the market, however.
I'm not unrealistic. I just wanted to let people know that there is a really nice car out there if someone is interested. I realize that this is a car I'll need to advertise and sell locally.
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post #13 of 27 (permalink) Old 12-07-2008, 07:45 AM
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Tyler is right-on.... $7500 even locally won't be easy... but if you flip it to $5700 then it may sell quickly!
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post #14 of 27 (permalink) Old 12-07-2008, 08:14 AM
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FYI, we used to have a 2000 E320 wagon that was CPO'd and in great condition...even $5k of repairs covered by MB before warranty expired. to make a long story short, despite dealer's add that said "bring your trade-ins" for generous quotations - dealer offered me $3,000. it was no absurd it was almost funny.
Anyways, you should know that the dealer reference is that MB credit is offering him 2006 E350 sedans with 20k miles on it for as low as $16k for resale at $25k+. of course, no dealers are selling very many cars right now so he'll get $20k. the point is, the other guys are right - it's a buyer's market right now so you just need to have a strategy that makes sense to take advantage of the situation.
p.s. we ended up selling the wagon to a friend for a really good price.
Patrick

2005 S600 Sport silver/blk
2006 CLK55 Cab white/blk
2006 R500 pewter/ash grey
2002 E320 4Matic white/blk
2002 540i Sport steel blue metallic/grey

previously: '95 E320 Cab/02 S55/E320 wagon/'01 E55/'95 BMW 525i/'00 E320 Lorinser wagon/'89 Porsche Cab/'95 Lexus SC400/'00 BMW X5 4.4i/'99 C230K Sport/00 Porsche Boxster S/'93 MB 600SL/'90 Porsche 928/93 Porsche 968/'90 Infiniti Q45/90 Acura Integra/'88 Porsche 944T/'83 Porsche 944/'82 Toyota Supra
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post #15 of 27 (permalink) Old 12-07-2008, 11:38 AM
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Typical used car salesmen. I can't imagine you paid that much for it, why should we? I'm not saying that you shouldn't make money, I've done a few flips myself, but I usually buy something really low, fix whats needed, then sell at a reasonable price.

Your location? A really smart buyer would shell out the extra 1k to have a dry Texas car shipped to them. Seems like it would SAVE them money too, since used car salesmen in NY charge a premium for cars that are dime a dozen in Texas. If I recall correctly, you mentioned including snow tires? That's a big red flag to the salt this car has been subjected to.

Put it on Ebay and see what happens... List it on Craigslist, Autotrader, etc. There's not a big market for wagons, and not many off the street buyers are going to want one. Nobody will call because your competition will be at the sub 5k price point.

and like I said before, this car will likely have some big ticket items in the near future.You may luck out finding a buyer, depending on how well you advertise it locally.

Best of luck, and you're right, it is a lovely wagon.

85 500SL: 1984 300SD: 190k 1997 S500: 226k

Last edited by TylerH860; 12-07-2008 at 11:45 AM.
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post #16 of 27 (permalink) Old 12-07-2008, 12:37 PM Thread Starter
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Date registered: Apr 2007
Vehicle: 1995 E320 wagon, 1970 280 SE, 1999 E320 4MATIC (sold), 1980 450SEL, 1983 240d (sold)
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Tyler:
I'd like to think there could be a discussion without resorting to attacks on my profession and baseless assumptions. The automobile business like any other can be honorable and fills a legitimate and useful role for people. For the record, I am a finance manager in a dealership, not a used car salesman--not that there is anything wrong with being a used car salesperson. Like any business, there are people who do a good job with integrity and those who do not. I think you'll enjoy your life more without rely on stereotypes to form your world view.

The car was a Florida car. I have carfax and a copy of the title from the previous owner to prove it. I purchased the car last spring and have never driven it in snow. I recently purchased a set of snow tires on steel rims to use this winter. Part of the reason I am considering selling the car now is the simple fact that it is too nice to subject to the snow and I know it will hurt it's value. Of course since I do work for a car dealer I am able to wash my vehicles thoroughly inside where its warm to remove the salt. Not that I ever had to do that with this vehicle. Look at the photos of the wheel well. This is as clean a vehicle if you could hope to find, particularly in the northeast.

I drive about 25,000 miles per year, so I usually buy cars and flip them to avoid letting them depreciate too much. I bought this one last spring with 80k, it now has 95k. I bought it from a wholesaler I knew who appreciates nice clean older European cars. I paid a premium for the car because it was that nice. I've maintained it exactly as it should be. I was smart enough to make certain that the common problems on this vehicle had been corrected--most notably it had a new wiring harness already installed. And since I am in the car business I can pick and choose the best mechanics to work on my personal vehicles. And oversee there work. And make certain that the proper parts are used and no shortcuts are taken.

Sure you can buy a car across the country and have it shipped. I personally would rather be able to inspect a car myself before I buy it. Cars always look better in pictures. Even if the person who is listing the vehicle is honest, who knows how much they know about cars. Or how good there mechanic is. Having said that, I have purchased vehicles through ebay across the country. But I flew out and inspected them to make certain that they were as they were described. And of course I, like most people on ebay, I only went through that risk because I could get an exceptional deal.

Now if you have the skills and time to do all that, good for you and go do it. Some people don't have the skills or the time to do that. For them, buying a car is exceptional condition that has been driven and had all of the little problems worked out is worth a premium.

I simply do not understand why offering a nice car for sale has generated such animosity. Frankly, I'm disappointed.

Last edited by Eldo Nixon; 12-08-2008 at 06:43 AM.
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post #17 of 27 (permalink) Old 12-07-2008, 01:16 PM
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It just so happens I was a car salesmen for a few years myself. Thankfully, I got out before the economy really went South and have a boring, yet comfortable office job, and am finishing up college.

What I meant by typical Used car salesmen is that you are asking a ridiculously high price, just for the rare chance someone may be dumb enough to pay it, or to make buyers really feel good about themselves when they're able to talk you down 20-30%.

Are you willing to tell us how much you paid for it, and how much profit you think you should make after driving it for a year? The last car I flipped the buyer knew exactly what I paid for it, what I put into it, and how much profit I was making. This strategy served me well on a few stubborn buyers when I was selling cars as well. I would just ask them, "How much money do you think I should make? Keep in mind I average around 10 cars a month and work nearly 50 hours a week." Your asking price seems WAY too greedy, and that's why you're getting such animosity.

The wiring harness is only 1 very small and overrated item these cars need with age. If this car has had the head gasket, AC evaporator, Rear SLS system, and front end replaced, then I would have been first in line to wave 6-7k in your face had I not recently purchased mine.

85 500SL: 1984 300SD: 190k 1997 S500: 226k

Last edited by TylerH860; 12-07-2008 at 01:24 PM.
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post #18 of 27 (permalink) Old 12-07-2008, 07:39 PM
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All,

Not to take anything off subject I have a 1992 300TE, with the 94 headlights hood and grill. It is black on black loaded 172k, headgasket done 30k ago, rear accumulators done, and all front end work. Mechanically it's excellent, cosmetically the interior is in overall good condition, and the body has misc surface rust right rear quarter and the front of the hood above the right headlight. My family owns a Mercedes repair shop in metro Detroit so they owned it since new and took excellent care of it. My question is what do you all feel is the true market value for this car in this condition? Sorry for not starting a new post as it seems there are alot of people that have their finger on what the market would bring posting to this. Thanks for all of your help!
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post #19 of 27 (permalink) Old 12-07-2008, 08:09 PM
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Rust is usually a deal killer with me, so I don't really know.

85 500SL: 1984 300SD: 190k 1997 S500: 226k
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post #20 of 27 (permalink) Old 12-08-2008, 06:11 AM
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No animosity here, just another healthy dose of reality. I am also in NY and just yesterday bought a '94 wagon w/ 85k carfax certified miles, not a spec of rust on it and a sum total of two small door dings. Perfectly maintained two owner car that looks as though the back seat has never been sat in. Has SLS, heated seats and the third seat; great medium green w/ tan MB tex...$6500
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