98 550 value?

- 1998 - early year
- Blue color - average popularity
- Well maintained - a plus
- 32K miles - relatively high mileage
- Private seller - better value

Not as in touch with the 550 market as before, but I'd say $105K - $110K.

 

I'd say the value is a little high. I know of two 97s with lower mileage in Texas that can be had for 100 or less. I prefer the blue to the red but the market normally says otherwise. I rhink the difference between 97 and 98 is immaterial. The question is service history. If a full thirty thousand has been done recently that adds substantially. To me (and again not to all) mileage is actually a good thing on a car that's more than 5 or 6 years old. I think we will see early 550s selling in the 90s and 80s within two years as the 575 replacement rolls out.

 

Actually yellow and red are the two most difficult colors to move on a 550, so no, red is not considered a superior color by most people.

$95K for a fully-serviced car is a good deal. Back out approx. $8K for a 30K servicing (if you're buying it right after servicing, the seller can effectively extract a $ for $ premium for it), and you're essentially buying this car for $88K. If you like it, and the car checks out via a PPI, I'd get it. I've rarely seen prices like this - and when so, it's generally due to private party sales, like yours.