I look at prices on Mercedes nearly everyday in the L.A. Times, and I notice when a 500E is for sale and what the asking price is.
The price doesn't seem too bad. '92 is a sought after year, and the mileage is low. However, age is just as important as mileage, and we're talking about an 11 year old car.
I saw a '93 in the paper today for $24,000.
I'd offer $25,000 and see what the seller does. You have nothing to lose and everything to gain. Remember that this is a special interest car with a rather limited following. Most people don't even know they exist.
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Paul S.
2001 E430, Bourdeaux Red, Oyster interior.
79,200 miles.
1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron".
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