I am thinking about buying a 2004 Mercedes E-Class 500 wagon, one owner, 47,000 miles. perfect car fax and service records. I have the car on hold while the dealer is performing an inspection and determining what, if anything, needs attention.
It is very clean and will be my second car. I live in Colorado and drive a Mini Cooper in the city. The Mercedes will be for winter and more utility-highway driving to the mountains etc.
The dealer is asking $19,000. Kelly Blue Book lists this car between $10,500 and $12,788 with an average of 122,000 miles.
I am planning to offer $15,500 considering the low miles and clean service history.
Is this car worth my offer? Is it worth the asking price?
Is there anything I should know or be concerned about with this make and model?
Simone FM Spinner
Sounds like you are doing the research very well, but you might want to take to an independent mechanic who specializes in Mercedes. It never hurts to get a second opinion, especially from someone who "doesn't have a dog in the hunt." Be sure those service records reflect the maintenance that the manufacturer recommends because, as you probably know, maintenance is the key to the life of a Mercedes and repairs are not cheap! I know because my husband drives a 2004 M350 with over 150,000 miles which we bought new. It still runs like a top!
〉 Answered on Aug 22nd, 2014 by Georgia Brown, Director of Education at National Independent Automobile Dealers Association (NIADA)