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  #31  
Old 05-19-2008, 02:49 PM
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Unless a car has impeccable records to support mileage claims always assume all of these cars are TMU (true miles unknown) and buy based upon condition. Don't pay a nickel more for a car with 117K on the odometer if it has nothing to support that because that's precisely why some people roll them back. I can tell you from my experience that very, very few cars really are as low miles as they are represented. Either the clusters were replaced, the odometers stopped working or they were spun back. Like I said, look and pay for service records, but they have to be complete and perfect to command any premium in value, otherwise just forget what the odometer reads and judge its value on its overall condition. If that car has no records it is a $3-$5K car, maximum, period.

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  #32  
Old 05-19-2008, 05:36 PM
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$7500 for suposedly a 5k miles per year car. HMMM
Better have every reciept for milage. Check the weather stripping for condition very carefully. AC better crank.

I'd go for another coupe over a sedan because I like the lines, I like the lack of a B pillar, and you hardly ever see one. Had a bunch of German tourists staring at it in Maine a few years back.

Mine is rusting out, odo says 320k, but I KNOW it has at least another 50k on it cause I was the one who replaced it, and the car is (has) reached beater status.
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  #33  
Old 05-19-2008, 06:24 PM
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I've spent much, much more on my "cheap" one.
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  #34  
Old 05-19-2008, 06:37 PM
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I would say $3K max too. From the photos it looks like there are some issues, and photos can only show maybe 10% of the possible issues..
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  #35  
Old 05-19-2008, 08:24 PM
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Quote:
Originally Posted by Hatterasguy View Post
Coupe's are cooler. Thats why super mint 560SEL is a $10k car and a super mint 560SEC is a $20k-$25k car.
Yes, it makes sense when they are super mint, but not when they're average condition with issues.

Is a fair condition 150k SEC still worth more than fair condition 150k SEL? Probably not by much.
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1985 500SL Euro w/ AMG bits 130k
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  #36  
Old 05-19-2008, 08:58 PM
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A bit more.

Its hard to spend more than $8k-$10k on a 560SEL, but its really easy to do that when SEC shopping.
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  #37  
Old 05-19-2008, 09:58 PM
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Quote:
Originally Posted by TylerH860 View Post
As I mentioned before, I understand the rareness of the coupe; I also understand the law of supply and demand. Thank you Mr. Obvious.

What I don't understand is why anyone would pay more for an average condition coupe as a daily driver. Why not get a cheaper sedan? The sedan will hold its cheaper value just like a more expensive coupe.
Well, now I don't know that I was being all THAT obvious - did you know the production numbers? I didn't (other than that there were 8,007 turbo 300CDs), I had to look them up. In the process I found out that they were even more rare than what I had originally thought.

As others have said, they are a sweet looking car. The lack of the B pillar, the shorter wheelbase, and the fact that you almost never see one give them a certain appeal. I dare say ONE of the reasons a lot of us drive old diesel Benzs is because they are different. I know I do. I can't tell you how sick I am of the "melted bar of soap" styling of pretty much every car built in the last 15-20 years.

Before my MB, I was driving a 91 Jetta GLI. I spent a couple of months hunting for one that age in good condition because they have a distinctive look and style. Plus the 91 was the first year for the 2.0 liter 16-valve engine. Starting in 93 even the Jettas started to look less distinctive and more like every other car out there. That's when they lost my interest. I like cars with a distinctive style. I'd hate driving the same thing everyone else drives.

The MBs are different and the coupe is even more so. These old MBs have a style all their own and having one of the rare ones makes it just a bit more special to me. Even though the sedan is more practical, and good looking in its own right, it just doesn't have the panache' of the coupe.

Like I said before, if I had found a sedan in as good of shape and 15% under low book first I would have bought it. But I didn't. I found my coupe first, and being priced at 85% of low book in good overall condition and several of the common problem areas already taken care of, made it a deal I couldn't pass up.

As for the one Blevinsax is looking at, to those who say it is only worth $3k, all I can say is show me your comparable coupes for that price. I can show you several that have gone for around twice that much. In my area, if it is rust free, runs good, and is in as good of shape overall as the pictures make it look, then $5k would be a good deal for it as it sits. Maybe the market is different where some of you live.

If the mileage can be shown to be accurate, even $6000-$6500 wouldn't even seem unreasonable to me.
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  #38  
Old 05-19-2008, 10:15 PM
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If it is about as good as it looks. and the jack points are very very good. It would go for 5-6k around here easily and maybe 7k. If I was buying it, I would be concerned that the mileage may have been rolled back, might make an offer conditional to a very good compression test, or maybe chain stretch test.
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  #39  
Old 05-19-2008, 10:58 PM
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Quote:
Originally Posted by Blevinsax View Post
I am thinking of buying an 85 300CD. It has 117k miles and looks nice in digital photos. It is local, so I will have an opportunity to see it in person. White exterior, red (leather?) interior, and it is a turbo. Looks to have been garaged.

What would a fair price to pay for it be?
i saw one at a dealer up here in ny for $3200
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  #40  
Old 05-19-2008, 11:02 PM
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Originally Posted by rcounts View Post
Well, now I don't know that I was being all THAT obvious - did you know the production numbers? I didn't (other than that there were 8,007 turbo 300CDs), I had to look them up. In the process I found out that they were even more rare than what I had originally thought.
5,702 non-turbo and 8,007 turbo.

Compared to 331,999/75,261 I'd call them rare.
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How much for a low-mileage 85 300CD?-w123-production-figuresr.jpg  
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  #41  
Old 05-19-2008, 11:24 PM
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I challenge, good sir!


There are many examples of average to slightly above average CDTs selling for normal prices.

Austin85 recently sold his amazingly gorgeous and maintained CD for only $4,000. Here are the threads.
FS 83 300CD Turbodiesel Florida

Must sell 300SD- 190E - 300CD very soon

Austin85 knew exactly what he had, but he also understood that in order to sell it for top dollar he would have to sit for a long time and wait for someone who is actually willing to pay the outlandish price. You want to show completed e-bay listings? Okay, do you live in SoCal with hordes of uneducated buyers hoping to enter the hipster veggie scene?

These cars are not museum pieces, they are subject to the supply and demand law you described. The majority of buyers out there are not going to know that CDs are incredibly rare; they don't care. Unless its an all original low mileage car they are not collectible. These cars are classy drivers, that's all. Throw the book away with cars this old, there's no way to tell with current conditions.

Pricing a CD at $7,500 also makes it unreachable financially, creating another obstacle. The car is too old to finance, and few people actually have that kind of cash to throw down on a daily driver.

I suppose, like you said, that the market conditions could be different in your area.

Back me up, Mr. Lowball.
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1985 500SL Euro w/ AMG bits 130k
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Last edited by TylerH860; 05-19-2008 at 11:30 PM.
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  #42  
Old 05-19-2008, 11:36 PM
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are they really that rare? i might have to splurge on benz #3 at the price i saw then. ($3200)
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  #43  
Old 05-20-2008, 12:09 AM
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Why exactly does rare = good? Parts unique to a CD are much harder to come by for one thing, but that I guess can be solved with some searching and a pile or 2 of $$$.
I just don't get the importance of the rare thing, other than to simply kind of do the "hey look at me".
And I don't mean to insult you coupe guys, I promise, but the car simply looks built as designed in sedan form, and the coupe seems like kind of an SL knock off. Not bad at all, just odd in some way.
I'm just sayin'..........
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Last edited by JimmyL; 05-20-2008 at 01:42 PM.
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  #44  
Old 05-20-2008, 12:50 PM
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Quote:
Originally Posted by TylerH860 View Post
These cars are classy drivers, that's all.
Well put. The 123 series = entry level Benz, nothing more. Conservative, well made, value. We had a couple of MB's while living overseas- staid, 4 dr sedans- and he had a 4 dr gasser that he traded for the coupe (reason given was it was 'sportier' and as a single 50 something he needed a date car)
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  #45  
Old 05-20-2008, 06:35 PM
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Quote:
Originally Posted by TylerH860 View Post
I challenge, good sir!


There are many examples of average to slightly above average CDTs selling for normal prices.

Austin85 recently sold his amazingly gorgeous and maintained CD for only $4,000. Here are the threads.
FS 83 300CD Turbodiesel Florida

Must sell 300SD- 190E - 300CD very soon

Austin85 knew exactly what he had, but he also understood that in order to sell it for top dollar he would have to sit for a long time and wait for someone who is actually willing to pay the outlandish price.
That is one example. You can always get a bargain when you have an owner in a tight place who needs to sell. If he had been willing or able to hold off selling it a little while we both know he could and would have got more for it than that.


Quote:
Originally Posted by TylerH860 View Post
You want to show completed e-bay listings? Okay, do you live in SoCal with hordes of uneducated buyers hoping to enter the hipster veggie scene?
Nope, I live in the Northwest - Seattle specifically. The same weekend I bought mine I looked at another one in very comparable condition and the owner wouldn't budge a dime from his $5,500 asking price. The last one I saw in my area on eBay was about 3 months ago in Olympia WA and it went for over $7k. Here's one in ALABAMA (probably not many rust free cars there) that went for $5600

http://cgi.ebay.com/ebaymotors/Mercedes-Benz-300-Series-300CD-Diesel-1985-300CD-Turbo-Coupe-Diesel-Low-Miles-No-Reserve_W0QQcmdZViewItemQQcategoryZ6330QQihZ005QQitemZ150243570582QQrdZ1QQsspagenameZWDVW

California is even worse than the northwest. Looking on eBay there are 5 recent listings that all closed between $8,600 and $13,200 - and 4 of them ended in the upper end of that range without a winning bidder because the reserve wasn't met.

There are 5 active CDT listings on eBay right now - two of them are already above $4,500 and the other three have 5 or 6 days left to run. Bet you a dollar all 5 of them either break the $6 grand mark or they don't sell. Wanna' bet?

Quote:
Originally Posted by TylerH860 View Post
These cars are not museum pieces, they are subject to the supply and demand law you described. The majority of buyers out there are not going to know that CDs are incredibly rare; they don't care. Unless its an all original low mileage car they are not collectible.
Nobody said they were museum pieces, but at less than 16000 of them produced out of 360000 total production they are fairly rare. And most of those clueless buyers you refer to? They will pass on a CD when they see they can get a sedan for half the money - so they aren't really a factor in the pricing.

Quote:
Originally Posted by TylerH860 View Post
These cars are classy drivers, that's all. Throw the book away with cars this old, there's no way to tell with current conditions.
B.S. - that is a totally weak argument. "The book" (NADA or Kelly) is an average of actual sale prices. How can it be irrelevent? The book value is based on actual sales, not someone's opinion, but what the cars are and have been actually selling for. The old saying is that anything is worth exactly what someone will pay for it is still true - and the book numbers are based on what people have actually been paying. The frigging BANKS use the book to determine value for loans - you think they are clueless?

Quote:
Originally Posted by TylerH860 View Post
Pricing a CD at $7,500 also makes it unreachable financially, creating another obstacle. The car is too old to finance, and few people actually have that kind of cash to throw down on a daily driver.
Unreachable for you maybe, but you might be surprised how many people have 5 or 6 grand to buy a car outright for cash, if it is the car they want and the value is there. I do - and did. I haven't bought a car on credit in close to 10 years - including my wife's Grand Cherokee we bought when it was just 4 years old. THAT pile of cash was over twice as big. But, just like my CD, the seller was motivated and the price was 80%-85% of book so the value was there.

Quote:
Originally Posted by TylerH860 View Post
I suppose, like you said, that the market conditions could be different in your area.

Back me up, Mr. Lowball.
Everyone has an opinion, and we all know the old saying about them, but when I have to choose between opinions and compiled numbers (a.k.a. the numbers in "the book") I'm sorry, but the numbers win. But hey, that's just me. Maybe you operate differently.

__________________
1984 300 Coupe TurboDiesel
Silver blue paint over navy blue interior
2nd owner & 2nd engine in an otherwise
99% original unmolested car
~210k miles on the clock

1986 Ford F250 4x4 Supercab
Charcoal & blue two tone paint over burgundy interior
Banks turbo, DRW, ZF-5 & SMF conversion
152k on the clock - actual mileage unknown

Last edited by rcounts; 05-20-2008 at 06:40 PM.
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