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  #16  
Old 12-16-2012, 07:54 AM
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Quote:
Originally Posted by qsprn View Post
I apologize for neglecting my post. I just realized it was getting activity again.
Here is a pic of the car I referred to. It is not a pristine rare undriven example. It is mostly original with the exception of the front seat covers, which I replace due to wear with MB material
that matches the rest of the interior. I did have to replace the smog pump that was added to meet emission requirements required in the Southwest.
This car is driven in good weather-not a trailer queen.
It is in good shape however. No rust that I can find.
I mention the fact that it is a euro only for accuracy sake. Some seem to swoon over euro versions, others deride them as "just gray market"
To each his own, I guess. Some have the opinion that the 500 eruo has more guts than the 560's do.
Several 107's in the last few years have gone unsold at IOLA in the 7M to 12M range. Admittedly most had 100,000 plus miles but not all. I hope
ericdee and DieselPaul are correct in the 10-15M range. It appears that it would have to be a very unusual mid 80's 107 to break into the 20M area.
The days of people taking second mortgages to throw money at toys
seem to be gone.
Anyway, thanks for all the input.
bill
The 10-15 range is very realistic IMO. I am one of those that prefer the Euro, (rest of the world) 107's. There were no US 500SL 107s so while "rare" would not be correct they are not entirely common here in the states either.

Start high if selling. You can come down but it is hard to go up.
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  #17  
Old 12-16-2012, 09:21 AM
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A Brit based classic car dealer 4starclassics.com has a R107 300SL with delivery miles for GBP 55,000 ( $ 88,924 )
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  #18  
Old 12-17-2012, 04:09 AM
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Thanks Rowdie
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  #19  
Old 12-19-2012, 08:32 AM
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As previously stated, unless it's a relatively late-model mass-produced car with reliable sales averages, based on thousands of vehicles, you have to go off a) the pool of buyers and b) recent sales prices of similar vehicles (similar is a loose term with lots of leeway)

Here's a shining example. My 92 500SL is one of the more impeccable examples of an early 129, an it's polar white on java, which is desirable and not as common as some other color combos. Original paint, no wrecks, all major and most minor mechanical work done, seats show their age in some spots but not ripped up, etc etc. It's got 115k on it.

I paid $8000 for mine 2 years ago, 2 owners with all records, and all the regular maintenance done, but no "enthuisiast treatment" (rich wife car, she drove it, parked it in the garage, they maintained it as prescribed, and treated it like all their other cars). The book value has been hovering around $5k. Carmax would probably offer me $3500. A Mercedes tech very recently offered me 12k (he works on the car, so he knows its condition)

$3500? $12000? Same car, wildly different prices depending on a) the buyer, and b) the knowledge of the specific model. If it's the right car, it should have its own marketing campaign (I'm not surprised the Maroon 89 with 25k sold for what it did - I don't even like 107s, and that's a GORGEOUS car)

If it's an average example, average miles, service books complete, average paint wear, clean title, it's worth very average money. If it's had anything less than 100% of the services done on time, if it has close to 200k or more, if the title isnt clean, or if it needs repairs over maybe $2500, it's worth $1000.

If it's got 600 miles, if it's sold in the right venue, and the right buyer happens to be there, and it happens to be his favorite color, and he's in the right mood to spend money, and he gets into a bidding war, it's worth 70k (here's where the right marketing campaign comes into play if you have something extremely special)
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  #20  
Old 12-19-2012, 08:48 AM
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(I'm not surprised the Maroon 89 with 25k sold for what it did - I don't even like 107s, and that's a GORGEOUS car)

Thanks. Cabernet is rare to begin with and most had tan interiors.
Cabernet/Grey is a very rare combo. I sold the 107 to a collector who will keep it mint and for the price I wanted. If I didn't sell it for what I wanted,
it was going on a lift and would be driven rarely.

I bought a 2005 SL 500 Silver/Berry another rare combo, and I love the car, much better than a 107 in every way....I'm off old cars. Plus if something happened I can replace the 2005. Nice thing is, I used the principle from the 107 to buy it and put the profit in the bank.
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  #21  
Old 12-19-2012, 03:22 PM
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EDIT ADDED INFO

Quote:
Originally Posted by Will_w202 View Post
Here's a shining example. My 92 500SL is one of the more impeccable examples of an early 129,. . . . .

I paid $8000 for mine 2 years ago, . . .

The book value has been hovering around $5k.

Carmax would probably offer me $3500. . . . .

A Mercedes tech very recently offered me 12k (he works on the car, so he knows its condition)
Another data point, Dec 2011 I bought my 125K mile 97 SL320 Sport, factory AMG trim / 18 wheels , Xenon headlights , wood trimmed steering wheel and shift knob, Smoke Silver ext / Black int in NC for $ 6,100 delivered to Charlotte airport. ( Down over 4 months from the original asking of $ 9K. )

The car had no history other than Car fax showing 2 leases in FL, 1 owner in NC then a couple of car lots. The 6 cylinder cars are somewhat unloved, but are really great cars and don't lack for daily driver power.

I did take a chance buying it long distance and was up for the risk, it was a diamond in the rough needing $~ 2K of tires / brakes / suspension / tuneup / other general 125 K mile service parts ( I can fix anything on the car so no labor costs ).

Now the car is a good 90% but, if it was perfect I'd be afraid to drive it and at that point it would become a 1 to 1 scale model. ( I'll leave that realm to others. )

No matter what it is " worth ", at 8K is if a far more interesting of a car than a run of the mill 2007 Chevy Cobalt.

Last edited by 97 SL320; 12-19-2012 at 04:03 PM.
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