First of all.. way too much money!!! You could get a 98 E300 Turbodiesel with ~120k miles for that kind of money.

Otherwise they are really great cars on a great chassis.. the last year run of the W124. That engine is a reliable 24-valve inline 6 engine. A little slow off the line but will suprise you on the highway.. good fuel economy too.. but remember there is no turbo.