It's not gonna cost more than about $500 to get a new control arm installed, thats the worst he's loolking at. A running 300E, even in crap shape with 164,000 miles is worth more than that. All of my W124s have more than 200,000 miles on them and are running strong.

Peter

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1972 220D ?? miles
1988 300E 200,012
1987 300D Turbo killed 9/25/07, 275,000 miles
1985 Volvo 740 GLE Turobodiesel 218,000
1972 280 SE 4.5 165, 000 - It runs!