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Since the 2.3 replaced the 240D as the entry level MB, the trick is find one that hasn't been thrashed.
I good friend of mine has a 91 that he he's owned for 10 years, and it has close to 250K on it. Still a nice looking car, and no work done to engine or trans yet.
He's getting a mite bored with it, but it's not really worth anything and it just keeps plugging along, so he cannot justify getting rid of it. If it lasts a couple more years, it will be his boy's first car....
Front end is causing some abnormal wear on the tires, radiator and wiper mechanism were replaced a couple of years ago, but otherwise, just plain dead reliable.
The W202 94 and up C class are also getting good reviews.
Jim
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14 E250 BlueTEC black. 45k miles
95 E320 Cabriolet Emerald green 66k miles
94 E320 Cabriolet Emerald green 152k miles
85 300TD 4 spd man, euro bumpers and lights, 15" Pentas dark blue 274k miles
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