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I got my "cheap" 87 300D for $2k, needing a head gasket or head, with 229kmi. It had a clean title but had been in 3 serious accidents over the years. On the plus side, it had an 8-month old Mercedes tranmission & torque converter installed, still under warranty ($4000!), and recent Bilsteins (~$500.) Also came with new Neuspeed lowering springs (not installed). However, it needed:
Front brake pads & rotors
Vacuum pump
Fan motor for heater/AC
Tires
Alignment
Tie rods
Cruise control amp
Front main crank seal
Belt tensioner ass'y & shock
Tranny modulator adjustment
Vacuum leaks fixed (hoses in engine compartment)
Several bad vacuum actuators for dash vents (BIG job!)
...and probably some other things I forgot. I had to diagnose all of the above issues, btw, which took quite a bit of time. Anyway, I fixed most of the above, figure ~$1000-$1500 in parts, with "free" labor b/c I did it myself. Add the head job on top of that though and the cost goes up a bunch. After it's completed I should have a decent car that will last another 100-300kmi, though! I just wish it was a different color combo (white & palomino, I'm not a big fan of tan...)
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