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Originally Posted by 86560SEL
Those are beautiful cars, but I think that is extremely steep, especially considering the modifications. I would seriously think about it before taking the plunge. $7900. should purchase a perfect, low mile example of one of these.
I think you should be able to find a well kept, original model for a little less than that if you shop around.
Also, I would be certain that it actually has 150K. That seems like such low miles to require a engine (even the upper part) rebuild.
Personally, I think you would be overpaying a great deal, but I am not sure what these cars typically go for in your area.
Check e-bay and your local newspapers first and see that they are selling for.
Good luck.
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$7900 is a little more than normal... but not what I would call steep. Obviously the seller starts high with the price and will come down with negotiating. He might want around $6500. However there are 2 things that you need to consider. 1) its a Euro. Euro cars although have more power don't bring as much $ as US versions. 2) The clear coat problem also detracts value.. An example with half the mileage and a condition that matches the mileage would sell for around $15000. An AMG kit would add a couple of grand more.
A possibility for the 150k mile rebuild is timing chain. The need to be checked/replace around the 100k mark or 10 years.
You can buy a beater SEC in the price range of $5000 and less.