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#1
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140 resale value falling like a stone?
Has anyone noticed the prices of the 140 vehicles on the used market lately.
Did something happen and they have become undesirable? Seems you can get late model (97-98) S500's that are clean and with records for 17-18K( or less with 100K miles or so)...I even saw a 97 S320 for sale near my house the other day for $9999.00. If they fall much further in the next year the car will then become what I call a boat anchor...as the price to repair them over the course of a period of time will be more than the purchase price...I mean ,how many people are going to replace an evap core and closing assist pump on a 5-6K car? on the other hand I guess if you like the body style...they are an incredible deal right now Warren 1992 300SD(sold) 2000 BMW 740i Columbus Ohio Last edited by turnne1; 11-29-2005 at 08:40 AM. |
#2
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it doesnt
surprise me. they are big heavy and complicated. all negatives on a used car. some folks seem to be able to keep them on the road themselves, but they clearly arent as mechanic friendly as their predecessor the 126, which is a lot more to maintain than the 123 but still basically the same car with more stuff added (mechanically).
tom w
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual. ![]() ..I also have a 427 Cobra replica with an aluminum chassis. |
#3
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The real problem lies on the fact that most W140s on the used car market today are third or fourth hand vehicles that had been highly neglected by their owners due to their incredible high mantaince costs.
Now these owners want to get rid of their W140s because their cars are getting to a point that they refuse to run anymore. Prospecting buyers would have to at least equal or maybe even double the cost of purchase to get the vehicle to an acceptable performance. The few first hand W140s available are difficult to find, and most prospective buyers are just plainly scared of what they would have to put up front to keep the car running.
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A. Rosich CL 500, 1998 ![]() S 500 L, 1998 ![]() E 320 T, 1995 ![]() ![]() |
#4
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Quote:
Sounds like the perverbial boat anchor to me. and unless you live in a larger metro area the only person that can work on these in your local MB dealer...which probably further complicates the value of the car to certain people Warren 1992 300SD(sold) 2000 BMW 740I Columbus Ohio |
#5
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Quote:
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#6
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[QUOTE=deanyel]A good deal only if you do your own maintenance, not viable for those that don't. That why they're cheap. It seems to me that they have been falling like a rock for several years now - they had a long ways to go. They need to be put into use where they don't have to be driven, perhaps small but opulent homeless shelters.[/QUOTE]
I don't think the 140 was ever meant to be a car where you did you own maintenance ,for the most part...an absolute marvel of engineering...however some of those marvels didn't have all the bugs worked out. I had seen a few 220's with what I thought were unrealisticly low prices(like mid 20's)...which made me look at the 140's and get the same outlook...which makes me wonder what can you buy a late model (90-91) 126 for ....$3500.00? It amazes me how much money these cars lose...it seems to me that it also makes sense to buy it when it is 3-4 years and get rid of it after 2-3 years...as it seems that the first 3 years it takes a a beating..then after about year 7 it takes another massive beating on value...which at that point it would have to be at the bottom I assume. And I would imagine that after year 7 the car is no longer warrantable...which effects the value negatively Warren 1992 300SD(sold) 2000 BMW 740I |
#7
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Well... People probably said the same things for the 124 series...although they are probably much easier to maintain and repair.
The two I own, I bought for about 9 cents on the original dollar value of the cars. I think the price I paid is probably typical of the depreciation after 15 years or so. I think it's a good deal if you do your own work and buy parts wholesale. Terrible deal if you have to go to the stealership. My 1972 108 I paid 50 cents on the original dollar when it was 14 years old. I sold it 12 years later for about 44 cents on the original dollar. Don't know if that says or means anything. I am just pointing out my experiences.
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1989 300ce 129k ( facelifted front,updated tail lights, lowered suspension,bilstein sports, lorinser front spoiler, MOMO steering wheel, remus exhaust,stainless steel brake lines). (Gone) 1997 s320 154k (what a ride). Sold with 179k miles. Replaced with Hyundai Equus 1994 e320 Cabriolet 108k ![]() 1972 280se 4.5 153k Owned for 12 yrs, sorry I sold it [/SIGPIC] |
#8
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Its really sad to see such a magnificent piece of automobile go to shame...but its hard to stop that due to its maintenance/unreliability.
Its almost tempting to buy as this is my favourite MB of all time!
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99 C43 98 S420 99 C230K 01 C240 |
#9
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" Cents on the dollar "!
Hmmmmm......must be in the bankruptcy business. ![]()
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2007 C 230 Sport. ![]() |
#10
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[QUOTE=lee polowczuk]Well... People probably said the same things for the 124 series...although they are probably much easier to maintain and repair.
QUOTE] actually the 210's have fallen quite a bit also...a mid to late 90's model is quite reasonable ...is the whole MB line worsening in resale value? But as I heard years ago...something is only worth as much as someone is willing to pay...so these values reflect what the market thinks the product is worth ...I guess seems like certain cars... the 3 series BMW, the New Mini, Honda Accords, 5 series BMW's of the V8 variety and several Lexus models all are holding value well.....comparatively that is Warren 1992 300Sd(sold) 2000 BMW 740I Columbus Ohio |
#11
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MB's just seem to be losing their value more, at least late 90's models are. You can pick up a very nice E320 in my area for $10k-$13k. My friend just bought a 1997 S320 for $11,500 that is pretty decent. The po hid a MAF problem that he got nailed for to the tune of $600.
![]() Don't let those low prices fool you their are a lot of beat pos W140's out their. We looked at at least 20 cars before finding one that was decent. The nice ones are still worth a few bucks. I know a guy who owns an import car lot and he sold a mint S500 for $21,500. Late 90's flawless full service records, one owner, just had the 65k major service done, dealer maintained since day 1. It was a stunning example one of the nicest ones I have seen. The scary part is nice W126's will be worth more then W140's in a few years. A cherry 91 560SEL will still comand $10k. Price out a cherry low mileage 350SDL, the prices on those is off the charts.
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