How Much Should I Pay: 2007 Mercedes-Benz R320
Question From Him22: 2007 Mercedes-Benz R-Class 3.5L. I am looking at a vehicle that is off the lease it has 35,145 miles and it has full option. carfax is clean. The dealer is asking $26,999 is this a good deal?
R320 and R350
Thank you
Queen of the Road: Hi Him22. Welcome to AutoBragBlog! Below is a range of prices for both cars…
For a 2007 Mercedes-Benz R320 with 35,150 miles, wholesale prices range from $28,800 (being in above average condition) to $26,900 (being in average condition) and $24,900 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $27,400 to $31,600. A private seller will usually aim to sell it for 5%-10%.
For a 2007 Mercedes-Benz R350 with 35,150 miles, wholesale prices range from $26,800 (being in above average condition) to $25,200 (being in average condition) and $23,700 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $26,100 to $29,600. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
Follow Up Comment: Thank you very much. Can I bother you with another question.
What would be the price range for 2006 model with 30,000 miles for the same models?
Queen of the Road: I’m afraid for the 2006s, the R350 was the only one available. Here you go…
For a 2006 Mercedes-Benz R350 with 30,000 miles, wholesale prices range from $25,000 (being in above average condition) to $23,000 (being in average condition) and $21,100 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $23,200 to $27,500. A private seller will usually aim to sell it for 5%-10%.
