Quote:
Originally Posted by MRM
With the redesigned 2010s coming out, even 07-09 E350 prices are coming down. I think they're a pretty good deal. I'd recommend PM'ing Eric (Kaisen) and seeing what he can get you wholesale through an auction. The 07s and 08s are coming off lease right now, and there are thousands available. Ours has almost two years worth of warranty left. So far we haven't noticed anything that gives us any cause for concern. We highly recommend it.
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Mike M, thanks for the referral and your repeat patronage. It's always fun helping a Pelican!
Mike D, there are two nearby auctions, Nashville and Atlanta, where Mercedes Benz Financial wholesales their lease returns. I have access and experience at both. MRM needed a 4Matic (or BMW Xi) to handle the daily grind in our MN winter wonderland, but I assume you are looking for a standard rear-drive model. There are several hundred to choose from every week.
Without sharing too much of MRM's specific deal, he can verify that it saved him about $30K from new and about $10K from retail book value. More importantly, he got exactly what he wanted, in nearly flawless condition.
The BMW is a fine car, but since their redesign doesn't hit the US until next year, they haven't fallen as far in value. Particularly, the 535 twin-turbos are still fairly desireable as they just came out in '08. When MRM and I went through the data, the 535Xi brought abot 15% more than a comparable E350W4 - a fair chunk of change if you don't lust for the thrust. I have equal access to BMW Financial offerings if you'd like to compare.
Let me know if you'd like any assistance, data, or advice. Good luck!
E