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I will tell you what I know. I have a 86 300SDL and just did the 82 300TD.
To get to the sway bar mount bushings you will have to remove the brake booster on the left of the car. Look down between the brake booster and the fuse box. that metal plate that the sway bar goes through is the mount. To get to it you will remove the brake booster. The other side of the sway bar has the mount located under the battery. You will have to remove the battery, battery tray and washer fluid container. This allows you to remove and replace the sway bar mount bushings.
The sway bar to upper control arm bushing MAY and I mean MAY be removable by unbolting the sway bar mounts and seeing if you can move the sway bar out of the upper control arm (UCA) this may allow out to unbolt the sway bar from the UCA, remove the bushings and install the new ones. IF this does not allow you to remove the sway bar towards the rear enough to slide the rearmost bushing off the sway bar then you will have to remove the coil springs so that you can move the UCA forward enough to do this job. I rebuilt the entire suspension in the 300TD so everything was apart which allowed easy assembly. The last thing installed was the coil spring.
I know that my "experience" was on the 123 but looking at my 126 the job seems very simular. The sway bar is located between the 2 firewalls. But the design is the same as the 123
Dave
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1970 220D, owned 1980-1990
1980 240D, owned 1990-1992
1982 300TD, owned 1992-1993
1986 300SDL, owned 1993-2004
1999 E300, owned 1999-2003
1982 300TD, 213,880mi, owned since Nov 18, 1991- Aug 4, 2010 SOLD
1988 560SL, 100,000mi, owned since 1995
1965 Mustang Fastback Mileage Unknown(My sons)
1983 240D, 176,000mi (My daughers) owned since 2004
2007 Honda Accord EX-L I4 auto, the new daily driver
1985 300D 264,000mi Son's new daily driver.(sold)
2008 Hyundai Tiberon. Daughters new car
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