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Pretty much everything has been said regarding the possible issues with the W124. I will add that due to age, ones going up for sale will probably be due to the seller getting tired of fixing all of the age-related stuff. Even a well-kept all-books and recepits type of car will have some age-related wear items that need attention.
Regardless of condition, I would set aside a couple of grand for the first year to take care of those items.
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2009 ML350 (106K) - Family vehicle
2001 CLK430 Cabriolet (80K) - Wife's car
2005 BMW 645CI (138K) - My daily driver
2016 Mustang (32K) - Daughter's car
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