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Coupe/Convertible Forums Moderator
CURRENT: 2011 SL550, 2011 C300 FORMER: ML350, CLK550 Cabriolet, C240, ML320, 300TD
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19,174 Posts
Kelley Blue Book says $19,620 (based on the info you posted and ‘good’ condition). Dealers value trades based on local wholesale markets, which tend to be lower than publicly available KBB value. I’d say you have a fair offer from this dealer.

If you think not, then take it to CarMax and get a free quote from them. Keep in mind that when buying a new car, sales tax is calculated on the difference between the sales price of the new car and the allowed value of your trade. If a third party offers you more than $20K + your sales tax rate, then that would be a better deal.

- RODNEY
 

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SL500, ML320, E320
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538 Posts
We have the same year/model with 45k miles, chrome wheels, etc. and are contemplating selling it for a new body style "E". I thought I could list it in the newspaper for around $25k (there was one in the paper this morning for $27.9--that seemed too high) and our local independent dealer offered just over $20k.

So-- a good price for private party sale in my view would be anything toward mid-$20's. I figured that a 2003 E320 would be high $30's.
 

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2000 ML430
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657 Posts
Gocargo - 4/15/2005 8:16 AM

My wife wants a newer ML and the dealership is offering $20,000 for her trade in, a 2002 ML320 with 37,000 miles
warranty thru Feb 2007 or 100,000 (whichever comes first) Desert Silver (gold) with charcoal cloth interior (manual seats)... Great condition never damaged, new Dunlop tires on factory alloy wheels
Seems a little low to me?
-Brett
The resale value for the ml is low. I was going to sell mine but decided to keep it after I discovered I was not going to get any money for it. I am going to run it till the wheels are about to fall off then donate it at the end for scrap metal.[:D]
 

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Coupe/Convertible Forums Moderator
CURRENT: 2011 SL550, 2011 C300 FORMER: ML350, CLK550 Cabriolet, C240, ML320, 300TD
Joined
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19,174 Posts
We have the same year/model with 45k miles, chrome wheels, etc. and are contemplating selling it for a new body style "E". I thought I could list it in the newspaper for around $25k (there was one in the paper this morning for $27.9--that seemed too high) and our local independent dealer offered just over $20k.

So-- a good price for private party sale in my view would be anything toward mid-$20's. I figured that a 2003 E320 would be high $30's.
Keep in mind that for the most part, add-ons like chrome rims, running boards, mud flaps, spoilers, deflectors, audio systems, etc. rarely increase the value of a used vehicle. In fact, even factory options like navigation aren’t worth anywhere near their original cost on a used vehicle. In reality, all that these extras do is help distinguish it from the crowd so that it will be more attractive the buyer having to decide among several vehicles. The best thing you can do to help sell a used vehicle is to keep is clean and make sure it is free of any defects. Spending a few hundred dollars on dent removal, touch up painting and a good detail job is generally worth more than, say, $1,200 rims.

As for the E-class, I’d say you should be able to find a good selection with a budget of high 30’s. In fact, you may be able to get one with a few more features (NAV, sport pkg, full leather, etc.) or even a 2004 model for about $39K.

- RODNEY
 

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ML550, W212 E350 4 matic, 1966 Corvette C2 convt.
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2,675 Posts
Your ML is basically a stripped model with hardly any options in the least popular most unattractive color. Its not really gold its plain metallic brown. I would take what you can get and rethink buying no option vehicles in a bad color
 

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ML550, W212 E350 4 matic, 1966 Corvette C2 convt.
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2,675 Posts
Gocargo - 4/15/2005 4:23 PM

Thanks for yall's suggestions.. will get a Carfax quote to keep the dealership honest.

Her 02 ML is a "base" model with manual-cloth seats and no window tint. It has ZERO add-on's and I've installed nothing.

(This ML did come with sunroof, 6-cd changer, homelink and leather-wrapped steering wheel though..)

Paid $31,995, put 29,000 miles on it, expences were Tires $500, front Pads $300, wiper blades twice $100, free oil changes.. with gas I figure that's 64-cents per mile actual cost... or $500 per month vehicle (cost) loss... probably the same if I had leased it.

-Brett
Believe the only optional equipment you have is the sunroof and CD changer. The other items as I recall were standard.
 

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Gocargo - 4/30/2005 6:20 PM

Did the trade today and received $19,500 ($20,670 with sales tax) towards the $39,000 price of the 2005 ML-350 SE in Pewter Metallic color. We're very happy.
-Brett
congrats, enjoy the new ride.
 
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