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and the build quality of the W124 is superior.
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While my experience with the 124 is limited, I've always looked at it just the opposite: That the 201 is actually a better value because it's equal in quality of build (in fact they share a remarkable number of parts) but available at a cheaper price.
When I bought my 201, I drove a couple of 124s first. I thought the 201 fealt much more capable and nimble -- the 124 fealt kinda "boaty" in comparison.
Another selling feature for me is the manual climate control -- simple, effective, durable.
Just my 2 cents... arguably worth that.
Jeff Pierce