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  #1  
Old 09-20-2008, 09:25 PM
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Price range for 1991 560SEL

Hey folks,

I've been out of the game of keeping track of W126s for sale, asking prices and transaction prices for a while so I decided to seek your assistance for this car that I saw today. It is a 1991 560SEL, I didn't take a detailed look at it because I was in a hurry but I will do so on Monday. It has a black exterior and tan interior, both in excellent shape, 145K miles. I didn't even start it but judging by the appearance of the car I'm guessing it must have been well cared for, but I will verify all this of course. The dealer actually sold the car 2 years ago and now the owner ran into financial issues and sold it back to the dealer.

The car dealer is asking for $6910. What kind of prices are these going for these days? All help will be greatly appreciated.

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1999 Mercedes-Benz S600, 103K miles - garage queen
1988 Mercedes-Benz 560SEL, 89K miles - daily driver
2007 Hyundai Sonata Limited, 31K - daily driver
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  #2  
Old 09-20-2008, 09:45 PM
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Check the Kelly blue book value and look at the car closey to see what catergory it fits under
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1986 300SDL, 211K,Dealership serviced its whole life
1991 190E 2.6(120k)
1983 300D(300k)
1977 300D(211k)
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  #3  
Old 09-20-2008, 10:43 PM
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Wow, I didn't mean KBB values, those are official values are with these cars they don't sync with real world values. I meant to hear figures from actual transactions. Thanks!
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1999 Mercedes-Benz S600, 103K miles - garage queen
1988 Mercedes-Benz 560SEL, 89K miles - daily driver
2007 Hyundai Sonata Limited, 31K - daily driver
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  #4  
Old 09-20-2008, 11:15 PM
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Someone may pay $1 million dollars for a ferrari but another person with alot of money wouldnt want even touch a ferrari, so it all depends on the buyer.

But seeing how w126s were mass produced the value of them wont be as high early 1940 and 50s mercedes.

Many people use kelly blue book as aguideline or another car review site when deciding to buy a car.

Just my .02
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1986 300SDL, 211K,Dealership serviced its whole life
1991 190E 2.6(120k)
1983 300D(300k)
1977 300D(211k)

Last edited by Oracle12345; 09-20-2008 at 11:20 PM.
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  #5  
Old 09-20-2008, 11:26 PM
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Valuation guides tend to be all over the place and largely worthless. I'd say it's a reasonable asking price, if it's a nice car, but with that mileage it's not likely to fly off the lot. $5-$6k is probably more like it - but again it's got to be sound.
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  #6  
Old 09-20-2008, 11:55 PM
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They may appear "worthless" to some but they do affect whether someone buys a car or not just by what people have to say about them and their experiences.
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1986 300SDL, 211K,Dealership serviced its whole life
1991 190E 2.6(120k)
1983 300D(300k)
1977 300D(211k)
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  #7  
Old 09-21-2008, 02:58 AM
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Quote:
Originally Posted by deanyel View Post
Valuation guides tend to be all over the place and largely worthless. I'd say it's a reasonable asking price, if it's a nice car, but with that mileage it's not likely to fly off the lot. $5-$6k is probably more like it - but again it's got to be sound.
Thanks, that's more like what I was expecting. About 2 years ago a car like this one would fetch $4,500 to $6,000 on the market. I guess that hasn't changed.
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1999 Mercedes-Benz S600, 103K miles - garage queen
1988 Mercedes-Benz 560SEL, 89K miles - daily driver
2007 Hyundai Sonata Limited, 31K - daily driver
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  #8  
Old 09-21-2008, 11:57 AM
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I think that's right - a real nice example will bottom out, hold it's value for a while and then maybe even come back someday, while the rest of the market slides down the slope to the salvage yard.
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  #9  
Old 09-24-2008, 10:41 PM
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OOk folks, help me out.

My target price range was $4000 to $6000, preferably somewhere in the middle, for a well maintained example.

I've looked at several and have seen 2 that I like so far in that price range, one has 143K miles, the other is a Euro spec 1989 with 190K miles.

I have a question about a third one I just checked out tonight. For this one, the owner was asking for $8950, though he has said that he's willing to sell it for $8000. It has 88,000 miles, is a 1989, looks very nice from what I could see in the dark. I didn't drive it, though the guy said it drives perfectly. It has new tires, the interior is chocolate brown or something like that, I'm not a huge fan of the interior color (exterior is silver) but it isn't a big deal. The car has been in the same family all its life, the current owner purchased it from his dad just a few years ago. He said he has a stack of service records including a replacement of some components of the rear hydraulic suspension. Dealer serviced all its life. Spent 10 years in Florida. Here are the things he disclosed that aren't perfect: rear heated seat switch does not come on, I didn't check them myself and he said he does not know if it is both switches or just one, then one of the rear windows does not work now because that darned white plastic inside the door panel broke, he said he purchased the plastic but is yet to have it replaced, and that's it.

While I've been out of the W126 game for 2 years, I've owned 4 of them and from what I can recall, those are tiny issues, so the real question I have is this: even with the low mileage and excellent maintenance records, is it worth that much? Isn't $8000 a bit much for any of these? Of course at the end the car is worth what my wallet is willing to pay for it, but I thought I'd just see what you folks think. I will have to drive it, see all the records, check it out in day light and possibly get a PPI before I make a move of course, but now I have to decide if it is worth going waay over budget for it.
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1999 Mercedes-Benz S600, 103K miles - garage queen
1988 Mercedes-Benz 560SEL, 89K miles - daily driver
2007 Hyundai Sonata Limited, 31K - daily driver
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  #10  
Old 09-24-2008, 11:27 PM
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You're into the realm of personal opinion here but to me if you're going to go out of the market range for the car you want to be able to walk up to it everyday thinking it's a nice color. Silver (maybe smoke silver?) and chocolate brown seems a bit strange - must have been very rare.
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  #11  
Old 09-25-2008, 07:42 AM
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I know, I know, forget about the color though. It was dark for one so I didn't get to see it well, we met in a parking lot located right next to a fire station so we didn't get much light and I knew I was just getting a sort of "preview" and would have to go back for a more detailed look before making a decision. The price is what I am concerned about, I'm trying to see what that lower mileage is worth.
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1999 Mercedes-Benz S600, 103K miles - garage queen
1988 Mercedes-Benz 560SEL, 89K miles - daily driver
2007 Hyundai Sonata Limited, 31K - daily driver
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  #12  
Old 09-26-2008, 09:06 AM
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Opinion

You asked for opinions. Here is mine. When buying a car of that age, you may as well throw any "book" values away. You apparently understand that. The $8000 is very high for that car BUT .... I have paid $1000 more than "usual" for a 123 (300D turbodiesel) and was glad I did. The difference between an average value and a high value in an older car is, in my opinion, service records. It sounds as though the $8000 car has plenty of record history and the others do not. Now $8000 is still too high I think. I would still pay a premium for that car but would offer $7000 and negotiate from there.

One more aspect though; If one is willing to pay a premium for a car it should have everything one wants. That means if you don't like the way the interior looks, don't buy it. I would hate to get in my "overpriced" car every morning and wish it had a black or burgundy (or whatever) interior. It sounds like you are not desperate for another car right now. There are plenty out there. Just look for service records.
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  #13  
Old 09-26-2008, 03:46 PM
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Yes indeed, I asked for opinions and I thank you for offering yours up. You're right on all that you stated (or at least I agree with you). I'm going to look at this car again in broad daylight to see the colors clearly and be sure I like them.

However, considering how old these cars are and the fact that there aren't too many of them in the condition I want that are up for sale, maybe I'm being to picky on the color!! I mean, the one that's exactly the colors I like (black exterior, beige interior) has service records but they aren't as comprehensive and detailed as those for the other one with the less desirable color. Then there's the one with 190K miles that's in good shape, has excellent records and has been very well maintained but has cloth seats and I just feel bad walking away from it just because I want leather seats. It is well priced too, the seller wants $5K and I'm sure he'll take $4,500. I'll just factor all these into my decision, and as you observed, I am not in a hurry so I'll kinda sorta take my time with it. At times I truly wonder how many of these cars are actually on the road to get a better feel for the chances that I will get one with everything I want.
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1999 Mercedes-Benz S600, 103K miles - garage queen
1988 Mercedes-Benz 560SEL, 89K miles - daily driver
2007 Hyundai Sonata Limited, 31K - daily driver
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  #14  
Old 09-26-2008, 04:26 PM
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I paid less for mine... less miles and clean as can be. Demand for gas hogs is very low, 9-12 city is all I receive. Which is fine, I bought it as I wanted one not for being a gas-miser.



Assume the worst on a purchase, just because it's clean doesn't mean jack.
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I'm not a doctor, but I'll have a look.

'85 300SD 245k
'87 300SDL 251k
'90 300SEL 326k

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  #15  
Old 09-26-2008, 04:51 PM
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Of course you always have to assume worst on a purchase but you can reduce the degree of horrors you'll experience by going after the cleanest, best maintained example you can get.

Tell me, how much did you pay for yours and how many miles did it have at the time, if you're ok with disclosing it? Thanks.

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1999 Mercedes-Benz S600, 103K miles - garage queen
1988 Mercedes-Benz 560SEL, 89K miles - daily driver
2007 Hyundai Sonata Limited, 31K - daily driver
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