Current Values and Drops Due To Diesel Pricing - Page 3 - PeachParts Mercedes-Benz Forum

vwnate1 · #31 03-10-2022, 07:36 PM

I didn't .

I just responded to mis information and always will .

JHZR2 · #32 03-11-2022, 12:05 AM

So, back on topic…

Here are a few examples of Edmund’s valuation of two cars. A w140 and a w124. I’m looking at one of each.

So, the trade and retail value.

I’m looking at a 149k mile w140 sd and they’re asking $9k. I’m looking at four w124 cars, three 1992, one 1987, all but one have 270-280k, all are asking between $4-6k.

Way, way far off.

Diesels bring a premium but they don’t get priced that way. Then insurance doesn’t value them that way either.

Of course the ones I’m looking at are private sales and folks are padding the prices. But even with diesel over $5, and the reality being that these cars are more like 25-30 mpg cars, not higher, they still get a huge premium over “valuation”. And these aren’t show car keepers. Just drivers with some flaws….

shadetreemechan · #33 03-11-2022, 07:39 AM

Those edmunds values seem ridiculously low. My guess is they get their data from used car dealers. These cars are too old to make it onto most high volume lots and if they do they are immediately liquidated. That makes the sample size low and skews the price data.
My 84 euro 240 is a dated example. The car was in decent shape, got traded in on a KIA in Huntsville, the KIA dealer immediately dumped it to me for $1200. I would have guessed average retail at 2x that price at the time, but the car was too old to meet their desired inventory profile.
Do I agree that the cars you are looking at are priced high? Yes, but that is what sellers do.
Make them an offer.

JHZR2 · #34 03-11-2022, 08:10 AM

Quote:

Originally Posted by shadetreemechan

Those edmunds values seem ridiculously low. My guess is they get their data from used car dealers. These cars are too old to make it onto most high volume lots and if they do they are immediately liquidated. That makes the sample size low and skews the price data.
My 84 euro 240 is a dated example. The car was in decent shape, got traded in on a KIA in Huntsville, the KIA dealer immediately dumped it to me for $1200. I would have guessed average retail at 2x that price at the time, but the car was too old to meet their desired inventory profile.
Do I agree that the cars you are looking at are priced high? Yes, but that is what sellers do.
Make them an offer.

Agree they’re crazy low. In the favor of insurance companies and dealer trade in appraisers.

And the lots do not sell at these prices. I’ve seen so much junk on lots, with good pictures from far away, looking decent, then get to it up close and it’s really lousy.

I know sellers will ask for more knowing that people will lowball and whatnot. But most sellers won’t budge it seems. It’s interesting. I felt one car I was looking at was more like a $3k car than the $6k they were asking. Even gave rationale based upon cars I’ve recently bought. No interest on budging on price on a car with 270k and no working ac. Crazy.

Precisely why I’m asking on here.

Dubyagee · #35 03-11-2022, 08:40 AM

Dealers rarely cater to a niche market so these cars are worthless to them. Not many of us keeping them going.

wallbenz · #36 03-11-2022, 08:42 AM

Quote:

Originally Posted by JHZR2

Agree they’re crazy low. In the favor of insurance companies and dealer trade in appraisers.

And the lots do not sell at these prices. I’ve seen so much junk on lots, with good pictures from far away, looking decent, then get to it up close and it’s really lousy.

I know sellers will ask for more knowing that people will lowball and whatnot. But most sellers won’t budge it seems. It’s interesting. I felt one car I was looking at was more like a $3k car than the $6k they were asking. Even gave rationale based upon cars I’ve recently bought. No interest on budging on price on a car with 270k and no working ac. Crazy.

Precisely why I’m asking on here.

Just saw a "great looking" on listing 99 e300td w/ 123 k miles... priced right

flew to see it... lot's of nickel and dime issues + Rusting areas that were not disclosed in picts. Sad thing motor/trans were solid... but I don't DIY - and seat motor/ 2 windows regulators/ window switch/ battery + rust spots on car -clean under... add up

walked away- But motor/trans were worth what they were asking for the right person.

JHZR2 · #37 03-11-2022, 08:47 AM

Quote:

Originally Posted by Dubyagee

Dealers rarely cater to a niche market so these cars are worthless to them. Not many of us keeping them going.

Well at least around here dealers are selling junk with rust all over, cracked dashes, ripped seats, craftily photographed, for premium prices.

A new car dealer, sure. They’ll give a take it or leave it valuation. And the edmunds type books reflect that. But it’s not the reality of the market. The question therefore is where is the market really?

I saw it when shopping for Cummins 12v trucks too. There are very few, decent demand, nice copies sell fast. Yet the value guides barely price them at a premium over a gas truck. That’s clearly not what the market is…

JHZR2 · #38 03-11-2022, 08:49 AM

Quote:

Originally Posted by wallbenz

Just saw a "great looking" on listing 99 e300td w/ 123 k miles... priced right

flew to see it... lot's of nickel and dime issues + Rusting areas that were not disclosed in picts. Sad thing motor/trans were solid... but I don't DIY - and seat motor/ 2 windows regulators/ window switch/ battery + rust spots on car -clean under... add up

walked away- But motor/trans were worth what they were asking for the right person.

Well at least it priced right (mind providing the details)?

Around here a w210 with 250k miles and nickel and dime issues, hidden issues, etc will be selling for $5-10k. See those often.

wallbenz · #39 03-11-2022, 09:38 AM

Quote:

Originally Posted by JHZR2

Well at least it priced right (mind providing the details)?

Around here a w210 with 250k miles and nickel and dime issues, hidden issues, etc will be selling for $5-10k. See those often.

$2,800

I had a deposit on it... flew to see... left it. Drove REAL nice... I would have had to spend $800 to transport it + all the little issues. Honestly- would have been super cheap trans for kid out of college- who didn't mind quirks/windows/etc. -- with rust starting in few spots- OK to stay in south...
not so much for where u and I live.

Right rocker was slightly dented- looks like they ran over a median maybe.

Got my deposit back... car was re-listed next day... now- I assume sold- cuz It's no longer listed

JHZR2 · #40 03-11-2022, 12:47 PM

Quote:

Originally Posted by wallbenz

$2,800

I had a deposit on it... flew to see... left it. Drove REAL nice... I would have had to spend $800 to transport it + all the little issues. Honestly- would have been super cheap trans for kid out of college- who didn't mind quirks/windows/etc. -- with rust starting in few spots- OK to stay in south...
not so much for where u and I live.

Right rocker was slightly dented- looks like they ran over a median maybe.

Got my deposit back... car was re-listed next day... now- I assume sold- cuz It's no longer listed

Ugh. I feel your pain. Wild goose chases of misrepresented stuff.

But someone somewhere seems to be buying at these prices which is what keeps people asking them I guess.

Texasgeezer · #41 03-12-2022, 12:49 PM

My wife's car is a 2017 Prius 4 the car gets about 50 mpg typically & up to 54

Mine is a 95 E300D gets about 30 mpg typically, most about 36 driving in light rain to Kentucky

At current $4.30 per gallon her cost is 8.6 cents per mile
At current $5.25 per gallon my cost is 17.5 cents per mile

Her car cost $35,000, it's now supposedly worth about $21,000 A loss of $14,000. She's driven it about 60,000 miles. It has fairly high road noise. So much, it's difficult to carry on a conversation at normal voice levels.

My car cost me $7,000 plus about $2,000 in preventative maintenance parts. Even worth nothing it's only cost me $9,000 for the car and parts to go about 82,000 miles.

So far her car cost 23.3 cents per mile in depreciation.

My car cost 10.9 cents per mile even valued at nothing. It's more comfortable and quiet than her car. So even with the higher fuel costs we will probably keep my car.

With the high fuel prices my car is still cheaper to drive per mile than hers due to depreciation.

With the low purchase price and decent fuel mileage, I think the diesel Mercedes are still a good car to have. Especially when the maintenance is fairly easy.

We will reduce our driving though.

A Tesla seems to take about 35 minutes minimum for a full charge with a supercharger.
Charging typically costs between 4 cents per mile up to about 7 cents per mile depending on charging at home or elsewhere.

Quick charging at home typically takes several hours but the battery doesn't heat up as much increasing it's lifetime.

Superchargers can cost $20,000 to $75,000 each supposedly but heat the battery and decrease it's life.

https://www.effortlesselectric.com/can-i-install-a-tesla-supercharger-at-home/

I think the government should buy a good hybrid motor design from one of the better companies, require the car manufacturers to use it until the charging and range problems with electric cars has a solution. This would standardize a lot of the maintenance across vehicles.

merc lover · #42 03-12-2022, 01:12 PM

Another factor; do you like the car? I happen to like the vintage benzes a LOT. That said, MB corporate is removing parts for these cars from their inventories. That means trouble for us vintage benz operators......

JHZR2 · #43 03-12-2022, 01:50 PM

Quote:

Originally Posted by merc lover

Another factor; do you like the car? I happen to like the vintage benzes a LOT. That said, MB corporate is removing parts for these cars from their inventories. That means trouble for us vintage benz operators......

I think most of us love these cars. And there is decent supply (which should work against values given the limited number of diesel fanatics and the $5/gal fuel).

I don’t think parts will dry up overnight or anytime soon. And there are still used parts out there. Lots of them.

vwnate1 · #44 03-12-2022, 07:30 PM

Sadly, I agree with most of you here .

I need to sell my 1984 300CD , it's a California car with many things done to it, upgrades etc. but it needs to go so cheap .

No B.S. no trades, current tags and title on original Ca. blue & yellow plates .

Never wrecked, has a dime sized rust hole right lower corner of the rear window .

European bumpers fore and aft, custom metal European front license tag with "CA" and setting sun , correct alpha-numeric .

Rebuilt tranny and annular drive axles, custom all brass radiator, brand new 900CCA battery, working radio and antenna, seats are *very* tired .

New windshield two years ago, lots and lots of little things I no longer recall , it was my daily driver & rally car for over a decade .

Entire front end rebuilt using all M-B Classic Center parts three years ago , decent tires, Michelin's .

Bundt wheels, including spare and jack .

Sun roof inop , I never used it .

You MUST have a current driver's license to see or buy this car, I will use it to release liability otherwise don't wa$te our time .

JHZR2 · #45 03-12-2022, 08:26 PM

Quote:

Originally Posted by vwnate1

Sadly, I agree with most of you here .

I need to sell my 1984 300CD , it's a California car with many things done to it, upgrades etc. but it needs to go so cheap .

No B.S. no trades, current tags and title on original Ca. blue & yellow plates .

Never wrecked, has a dime sized rust hole right lower corner of the rear window .

European bumpers fore and aft, custom metal European front license tag with "CA" and setting sun , correct alpha-numeric .

Rebuilt tranny and annular drive axles, custom all brass radiator, brand new 900CCA battery, working radio and antenna, seats are *very* tired .

New windshield two years ago, lots and lots of little things I no longer recall , it was my daily driver & rally car for over a decade .

Entire front end rebuilt using all M-B Classic Center parts three years ago , decent tires, Michelin's .

Bundt wheels, including spare and jack .

Sun roof inop , I never used it .

You MUST have a current driver's license to see or buy this car, I will use it to release liability otherwise don't wa$te our time .

CDs are a different beast. They are rare and sought after I think. I don’t see any nor lesss than $7500 unless they’re ruined. One with traceability as a CA car should bring ready money on eBay.