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#1
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What are they thinking?
Just curious.......
I was trolling on E-bay looking at 300D's (W123, W124, and a few W126's). Some of the prices just floored me! Are these cars really appreciating that much to justify asking prices of 10K plus for vehicles that have well over 200K and several "minor issues" such as A/C inop, sunroof sealed shut, locks not working, some body rot, etc..... Personally I think some of these folks are nuts! Or am I nuts? Glenn
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2012 Mercedes ML350 Bluetec 91K (hers) 2005 Corvette 55K (fun car) 2002 VW Jetta TDI 231K (mine) 1998 Volvo S70 T5 Turbo 196K (kids) 1994 Ford F150 4WD 249K (firewood hauler) 1983 Mercedes 300D 376K (diesel commuter) |
#2
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nuts...
then again, I may be putting some up soon...
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John HAUL AWAY, OR CRUSHED CARS!!! HELP ME keep the cars out of the crusher! A/C Thread "as I ride with my a/c on... I have fond memories of sweaty oily saturdays and spewing R12 into the air. THANKS for all you do! My drivers: 1987 190D 2.5Turbo 1987 190D 2.5Turbo 1987 190D 2.5-5SPEED!!! 1987 300TD 1987 300TD 1994GMC 2500 6.5Turbo truck... I had to put the ladder somewhere! |
#3
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If there's a buyer, then the seller is not the one that's nuts...
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'85 300TD "Puff The Magic Wagon" - Rolling Resto '19 Mazda CX-9 Signature - Wife's sled '21 Morgan 3-Wheeler P101 Edition '95 E300d - SOLD '84 300TD "Brown Betty" - Miss this one '81 240D "China Baby" - Farm grocery getter |
#4
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It's been 20 years since I last bought a 123. The only thing that's changed is that the survivors are rustier and have more miles. If you can still find one with under 100K, that's going to be worth the premium. But over 200K, it's just an old car. Buy a Hyundai. You can tape a star to the hood if you crave prestige.
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#5
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Quote:
nothing is more expensive than a cheap mercedes, but driving a disposable car is a waste to many.!
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John HAUL AWAY, OR CRUSHED CARS!!! HELP ME keep the cars out of the crusher! A/C Thread "as I ride with my a/c on... I have fond memories of sweaty oily saturdays and spewing R12 into the air. THANKS for all you do! My drivers: 1987 190D 2.5Turbo 1987 190D 2.5Turbo 1987 190D 2.5-5SPEED!!! 1987 300TD 1987 300TD 1994GMC 2500 6.5Turbo truck... I had to put the ladder somewhere! |
#6
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Quote:
Yeah, I can lease or get a loan and put $2500 down. Yeah, yeah, loans are "cheap" now due to Bernanke Bucks(tm). But I prefer to own outright. No mileage restrictions, no collision/comp in$urance requirements, etc. And the car is simple enough to allow me to work on it myself, not pay some mechanic to do it. It's my way of non-participating in the economy. |
#7
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It's going to be a struggle for some to come to terms with the situation as these cars begin to appreciate, due to supply vs. demand for decent ones. They do have some potential to be marginally collectible, which is hard for many to accept who have spent a few decades treating them as disposable/dime a dozen.
A 1969 Charger, or 1984 911 Carrera, are also "Just old cars" from one perspective, but they are old cars that people are interested in and want to own. Right now, there are exactly zero W123's for sale in my area (a metro area of about 700,000 people). I would have to drive up to Phoenix, a few hours away, to have just a handful of options (a city of 1.5 million with almost 4 million people in the surrounding suburbs). As the supply of these dwindle, but at the same time interest in them grows, a price increase is inevitable. Just in the last few weeks I have two friends who are asking me to either 1) sell them one of my cars and/or 2) help them find one. A point will come when someone who really wants one will need to search further afield (i.e. someplace like eBay) and be willing to pay a premium for a solid example. A friend of mine did that a few years ago and got a great car out of it, though it did need to be caught up on deferred maintenance and repair. At the time, paying a premium meant something like $6,000. Now, it might mean $10,000.
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1979 300D 040 Black on Black - 1985 300D Maaco job (sadly sprayed over 199 Black Pearl Metallic) on Palamino http://i.imgur.com/LslW733.jpg The Baja Arizona Oil Burners Send a message if you'd like to join the fun Left to Right - UberWasser, Iridium, Stuttgart-->Seattle,, mannys9130 Visit the W123 page on iFixit for over 70 helpful DIY guides! |
#8
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Ok. 1984 euro 300D 4 speed cloth interior. completely restored. .. first $10K gets it delivered to their house.
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John HAUL AWAY, OR CRUSHED CARS!!! HELP ME keep the cars out of the crusher! A/C Thread "as I ride with my a/c on... I have fond memories of sweaty oily saturdays and spewing R12 into the air. THANKS for all you do! My drivers: 1987 190D 2.5Turbo 1987 190D 2.5Turbo 1987 190D 2.5-5SPEED!!! 1987 300TD 1987 300TD 1994GMC 2500 6.5Turbo truck... I had to put the ladder somewhere! |
#9
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Ditto for 85 300D or SD... MAYBE EVEN an 87 300TD
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John HAUL AWAY, OR CRUSHED CARS!!! HELP ME keep the cars out of the crusher! A/C Thread "as I ride with my a/c on... I have fond memories of sweaty oily saturdays and spewing R12 into the air. THANKS for all you do! My drivers: 1987 190D 2.5Turbo 1987 190D 2.5Turbo 1987 190D 2.5-5SPEED!!! 1987 300TD 1987 300TD 1994GMC 2500 6.5Turbo truck... I had to put the ladder somewhere! |
#10
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ebay does not represent whats actually available.
Target market is the uninformed with a loose grip on the old wallet
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This post brought to you by Carl's Jr. |
#11
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The few W123s that I have seen in the last few years which caught my attention on E B A Y were super low miles, ALL original, with price tags $15K or more. IMO, those cars are very, very nice, but not worth anything near that. Why ? All the rubber pieces have still rotted to some degree and anything which wears, is still 30+ years old. Why pay such a high premium for a car which needs everything replaced once you start driving it a bunch?
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#12
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Quote:
well said. IMO you can spend 2-3 grand for a good example, then spend 2-3 grand over the next 2 years getting it up to speed while using it, OR, alternatively, on ebay you can spend 10-15 grand on the same car a little more shiny and a little less used, then spend 2-3 grand getting it up to speed while using it.
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This post brought to you by Carl's Jr. |
#13
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Quote:
It truly depends on how good an example you have. |
#14
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RUST FREE .... does such a beast truly exist ??? I would rather tackle mechanical issues than RUST issues any day of the week. I would gladly pay $2K or $3K for a RUST free, and I mean rust free, (and damage free) W123.
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#15
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A car is only worth what someone is willing to pay. If you can fetch 14K for a W123 I'd start selling them left and right.
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Only diesels in this driveway. 2005 E320 CDI 243k Black/Black 2008 Chevy 3500HD Duramax 340k 2004 Chevy 2500HD Duramax 220k |
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