84 300d sold for $20,000

[t walgamuth]

Auburn fall. Lovely clean car with 65,000 miles. I saw it prior to sale in the tent and thought it would be a nice car to have. I expected it to sell for under 10.

[tangofox007]

My insurance company says my '82 300D with 190k miles is worth $17,150.

[ROLLGUY]

There have been, and are several high dollar 123's sold/listed on Bring a Trailer. Low mileage examples are going for around 20K.

[sloride]

Originally Posted by tangofox007

My insurance company says my '82 300D with 190k miles is worth $17,150.

Until someone without insurance rear ends you.

[tangofox007]

Originally Posted by sloride

Until someone without insurance rear ends you.

It's always great to hear from an expert. Tell me, does my insurance company have a record of not honoring its obligations?

[sloride]

Originally Posted by tangofox007

It's always great to hear from an expert. Tell me, does my insurance company have a record of not honoring its obligations?

No I don't, but they are great at attempting to sell more insurance than you need or will ever benefit from. Feel free to search here on how many threads give praise to insurance companies that pay a fair price on a thirty plus year old vehicle after a wreck, or anywhere near 17K.

[tangofox007]

Originally Posted by sloride

No I don't, but they are great at attempting to sell more insurance than you need or will ever benefit from. Feel free to search here on how many threads give praise to insurance companies that pay a fair price on a thirty plus year old vehicle after a wreck, or anywhere near 17K.

I don't need to do a search to determine that you don't have a clue about my insurance policy.

[97 SL320]

Originally Posted by tangofox007

It's always great to hear from an expert. Tell me, does my insurance company have a record of not honoring its obligations?

E mail your insurance agent and ask to have a binding answer to the following questions in writing, on their letter head and sent by USPS.

1) What is the valuation of my car right now?

2) If my car should become damaged, at what % of value would it be considered a total loss and not be repaired?

3) If my car becomes a total loss for any reason, how much will the check written to me be?

[tangofox007]

Originally Posted by 97 SL320

E mail your insurance agent and ask to have a binding answer to the following questions in writing, on their letter head and sent by USPS.

1) What is the valuation of my car right now?

2) If my car should become damaged, at what % of value would it be considered a total loss and not be repaired?

3) If my car becomes a total loss for any reason, how much will the check written to me be?

First, I will need for you to send me, via certified mail, a copy or your insurance qualifications. On official letter head (sic), of course.

In any case, the agreed value of $17,150 is specified right on the declarations page.

[barry12345]

Originally Posted by tangofox007

It's always great to hear from an expert. Tell me, does my insurance company have a record of not honoring its obligations?

If you have a pre agreed arrangement on total loss value. Fine. Just straight collision coverage probably forget a cheque for that amount. I could see a massive fight to get anywhere near it.


As my insurance person told me. Our job is to protect the premiums we collect. By and large they all do pretty well with that.

[Screwdriva]

It was bound to happen. Just take a look at what JG is charging for his pristine W123 cars...makes $20K seem like a bargain.

I purchased my 84 300D Automatic saloon with Sunroof, SLS and Aircon in 2015 for a fraction of what it is worth today (cash offers received for £20K here in the UK). That said, it has been fully mechanically restored by the foremost W123 specialist and magazine featured.

[ROLLGUY]

Originally Posted by Screwdriva

It was bound to happen. Just take a look at what JG is charging for his pristine W123 cars...makes $20K seem like a bargain.

........................

Yes, and he had seven of his cars at the Legends of the Autobahn. Not one of them got an award. That is unfortunate, as a couple of them were probably the nicest cars there (in my opinion).

[t walgamuth]

The 123s have been valued highly in the UK for a decade or so....particularly the wagons.

[123boy]

I'd say "worth every penny"! Compared to the crap that qualifies for a new car, these days, an older Mercedes in excellent shape with low miles is STILL a bargain at 20K.
Looks like the "market" caught up with these great old Benz's. Too bad for us but still well worth the dough. What's out there new for 20K.....a freakin KIA? Show me another car that will cruise to 200K on the odometer and not even break a sweat. Not even be CLOSE to being worn out. As for "JG's" cars.....simply incredible. Unbelievably beautiful. Works of art, I dare say. Even in the 40K range, an absolute bargain...imho. I'd take one of his cars over just about anything brand new at twice the price! These magnificent Mercedes just ooze style, personality, character and grace not seen in the automotive industry since. Most likely never to be seen again. And let's not get started on the engineering aspect.......

[pawoSD]

I figured eventually they'd start to rise in value like that especially if in excellent condition. However, owning such a nice W123 would be for summer/weekend driving, as any wear will drop that price as it would with any car...

Plus around here they dissolve pretty quickly in the winter conditions....which new MB's do not. All of the post 2004's in my family have virtually no rust at all, after many years in Michigan winters. Can't say the same for my W210 or any of the prior ones I owned. If only they had been galvanized from the factory, then they'd truly be invincible vehicles!