2005 Mercedes-Benz CL65 AMG: For Sale
February 12, 2015
It's time to turn our 2005 Mercedes-Benz CL65 AMG into cash so we took a look at the market — and a look in our crystal ball — and came up with an asking price. Our True Market Value private party price for a CL in clean condition is $24,500. Checking various classified car sites there are several dozen of these coupes for sale nationwide with asking prices from about $20,000 to $50,000.
Before we could place the ads, though, we had one more cycle of repairs to go through. What impact did this have on our decision?
As you may have read in Mike Schmidt's post, we spent and unexpected $4,800 on repairs to the CL. When we got it back from the shop, we discussed price. There was one school of thought (me) that felt the recent repairs underlined the car's unreliability and weakened its value. There was another school of thought (Ron Montoya and several Benz enthusiasts) who felt it made it more attractive.
Let's face it, any CL65 AMG is a money pit. Still, that behemoth of an engine makes it attractive to some buyers and they will be willing to pay strong money for it. So you couldn't really say that a buyer would be put off by recent repairs. Instead, he/she might think, "Well, that's almost five grand I won't have to dump into it."
So, after around-the-clock negotiations, we defaulted to the higher asking price of $27,500. After all, we can always come down. But you really can't go up.
And as you can see in our eBayMotors ad, we've lowered the price after a week.
Philip Reed, Senior Consumer Advice Editor @ 72,048 miles