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I have owned two W108 4.5 cars. Great car!
All the old Mercedes are vulnerable to rust. It is a Unibody car, so you have to make sure that the structure metal is not rusted.
These cars can be very expensive if you buy a very cheap one. It is better to buy one that does not need a long list of repairs. The list price for a fuel pump is $1,300.00.
It is better to get a car that is truly well maintained and driven regularly. It would be better to get a 200k miles car that drove 5k every year than a 100k car that has been sitting for 10 years.
Twenty years ago I bought my first W108 for $3200.00 (over-paid for a cheap one). I spent five thousand dollars on new tires, shocks, air conditioning, Blaupunct Stereo (I was silly then), new interior and other cosmetic stuff. The car ran great with new plugs and tune-up items. Then the engine started making clouds of black smoke under heavy acceleration. I did not have the $5,000 to pay someone to rebuild the engine, or the knowledge to do it myself. I had to cut my losses and sell for $3200.
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