Last post on Dec 12, 2013 at 5:21 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Mercedes-Benz M-Class, SUV
#282 of 744 2008 ML320 CDI Buying Assistance
Oct 13, 2007 (7:02 pm)
I am looking to buy a Black 2007 or 2008 Mercedes ML320 CDI for my dad. He's less knowledgable with cars so he's left it up to me to get a good deal on one. I live in South Florida and had contact with Pembroke Pines and Ft. Lauderdale Mercedes dealerships and the Pembroke Pines dealership was quoting me $500 over invoice and options on top. I was wondering whether this is a good deal and what others are paying for it, because I don't particularly trust the TMV ratings on Edmunds or KBB.
The options i'm seeking are as follows (invoice prices):
2008 ML320 CDI Invoice: $41,524
P01 Premium Package 1: $3,488
318 Leather Seating Surfaces Package: $1,837
323 Heating Package: $1,274
819 6-Disk CD Changer: $419
Destination Charge: $775
Dealer Offer: $500 over Invoice
This brings the total invoice price to $49,817.
Edmunds states that others pay $52,565 which I find hard to believe. I want to know if this is a good deal and if I can get em to go lower, or what they are paying so I can haggle. We plan to move to Massachusetts next year so we need the heating package.
What are you guys paying for it?
Any help would be greatly appreciated, thanks!
#283 of 744 Re: 2008 ML320 CDI Buying Assistance [hunter312]
Oct 13, 2007 (7:44 pm)
It's not a BAD deal but it most certainly isn't a GREAT deal. It all depends on the market in your area, some parts of the country with a lot of competition and other factors allow for people to get really good deals.
I'm in the tri-state (NJ/NY/CT) area and have been offered $6k off MSRP on an 08 ML350 Edition 10 by one dealer while the others are easily willing to do invoice/possibly better then invoice but no where near the 6k off that the one offered.
And NEVER trust KBB/EDMUNDS "TMV" pricing its almost never correct unless the car really is going for MSRP (which they rarely are)
if you have any questions etc. my email is sagarpatel1gmail.com
#284 of 744 Re: 2008 ML320 CDI Buying Assistance [blazinginder]
Oct 13, 2007 (8:52 pm)
Thanks i'll keep that in mind about Edmunds/KBB. I think they're definitely being influenced by marketing to a certain extent.
I'm not exactly sure what the market is like down here actually. We only moved here a few months ago from England so i'm not quite sure how it goes with demand. All I know is there are a number of older ML-class SUVs driving around and a bit less of the newer models, with dealerships pretty full of them (at least the gas models that is).
$6,000 below invoice would be about $46,970 unless I am mistaken, but i've never seen a dealer go that far below a set price. The MSRP on that 49k invoice would be $52,970. I don't know if I could get a dealer to go that far down, and I know that if I could that he'd definitely try to make it back through financing.
Any suggestions or tips (especially on how to handle dealers)?
#285 of 744 Re: 2008 ML320 CDI Buying Assistance [hunter312]
Oct 13, 2007 (9:27 pm)
I'd say try shopping around and getting quotes from all the dealers and then try getting one of them to go lower then the other's invoice quote, it's possible that it could get you a better price.
#286 of 744 Re: 2008 ML320 CDI Buying Assistance [blazinginder]
Oct 13, 2007 (11:29 pm)
I just bought a 2007 ML 350 from Pembroke Pines Mercedes last month. They were very good to deal with. I would highly recommend my sales person if you want a name. Here are the details of my purchase. I don't think there are any 2007's left. Your deal sounds pretty fair to me.
I love the car.
Premium 1 Pkg
6 CD changer
Heated Front Seats
Invoice : $46,316
My Price $44,495 + TTT+ $600 Dealer fee.
#287 of 744 Re: 2008 ML320 CDI Buying Assistance [hunter312]
Oct 13, 2007 (11:38 pm)
"Any suggestions or tips (especially on how to handle dealers)?"
IMO, the best way is to make an offer and be prepared to walk.
They will eventually just say yes or no. Be prepared to walk out is the key. If they don't counter with a lower quote then it's in your court to buy or not.
#288 of 744 Re: 2008 ML320 CDI Buying Assistance [harry28]
Oct 14, 2007 (5:45 am)
That's a good deal, 5k off is what I'm looking for from my local dealer on a 2008 ML350 Edition 10 while a distant dealer is willing to give 6k off.
#289 of 744 Re: 2008 ML320 CDI Buying Assistance [harry28]
Oct 14, 2007 (11:32 am)
I just did a price check on your exact car on Edmunds and it shows the MSRP to be $49,045 and the Invoice ar $45,665. I was wondering whether you paid the $775 destination charge and how you got the dealer to do $2,000 below invoice?
If there are no 2007's left that means i'd have to get a 2008, and the price has gone up on those over 2007. However, I think the DVD navigation and the P1 package are now integrated. The dealer I spoke with was called Lance Shetrompf and he was pretty persistent. Couple things came up so I haven't gotten back to him yet about it. Did you deal with him?
Also, what is TTT?
#290 of 744 Re: 2008 ML320 CDI Buying Assistance [hunter312]
Oct 14, 2007 (12:21 pm)
TTT = tax, title, and tag
(I'm almost certain this is what it means)
#291 of 744 Re: 2008 ML320 CDI Buying Assistance [hunter312]
Oct 14, 2007 (4:36 pm)
Yes I paid the $775. My invoice was 49,745.
TTT = Tax, Tag, Title
You are correct, in 2007 model Premium Package 1 did not include the Navigation system which I paid separately for.
I specifically wanted to buy one of the last 2007's that was left. I went to 3 other South Fl Mercedes dealers and there were no 2007's left. I'm sure that was a big motivating factor for me getting it 2K under invoice.
I also traded in a 2004 CLK 320 convertible. I'm sure they got me for a few dollars there.
I dealt with Ariel.