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View Full Version : FS: '92 500E, Black/Black, 182kmi, $9,850 (Branson, MO)



isaltdusa
05-01-2011, 11:15 PM
Admin update 4-14-2012: Car is for sale again by a dealer in Chicago:

http://north-shore-autosport.ebizautos.com/detail-1992-mercedes~benz-500-e-used-8593628.html

http://cgi.ebay.com/ebaymotors/160781381514 <-- Auction ended 4/24/2012 at $6,650 (Reserve not met)
http://cgi.ebay.com/ebaymotors/160789809944 <-- Auction ended 5/3/2012 at $6,150 (Reserve not met)
http://cgi.ebay.com/ebaymotors/160803753035 <-- Auction ended 5/24/2012 at $6,225 (Reserve not met)
http://cgi.ebay.com/ebaymotors/160827424224 <-- Auction ends 6/26/2012



Fate is taking me in another direction and I regretfully must put up for sale my dream car. As a youth I fantasized about owning one of the famous "Hammers" and then decades later learned about our lovely 500E models. A few years ago I bought one and have enjoyed it tremendously.

Although I have never posted here, and only occasionally interfaced on Scott's site, I have been an avid viewer of 500Ectasy, and have followed both Scott and Gary's 500Es[pt forum discourses, enjoying them very much over the years. Thank you guys for providing such a wealth of info!

Ok, now to the car for sale, 1992 500E in that near-black color with black interior.

I bought this car several years ago from the well-known northern California Mercedes mechanic Robert Fenton who was well acquainted with the car having maintained it for a very wealthy "open checkbook" owner. About 6 years ago the previous owner had the car thoroughly gone over, spending well over $30,000 to have just about everything under the hood and throughout the chassis refurbished as needed for all wear components. So all the electrical issues, wiring looms, gaskets, hoses, etc. that need attention on this car was replaced.

Unfortunately, just months after this extensive work was completed the car was in a fender bender (right rear quarter only) in 2006. No doubt, the owner was enjoying the drive and flexed its muscle a bit too much and spun out.

Incredibly when it came time to do the insurance claim the adjuster credited the value of the chassis as a 300E, not the 500E that it is.
Upon learning this, Fenton gladly paid the insurance company to acquire the Salvage Title for what was largely cosmetically injured roller. He then repaired the few rear suspension components that needed attention with all NOS MB parts and had the body attended to at the highest professional standards.

I in-turn bought the car sight unseen, and had it delivered to me in Missouri. The car was everything I expected, a mid-mileage near perfect 500e that has been my pride and joy these recent years. Garage kept, I continued to maintain this beauty at no-cost-concerned, driving it only about 5,000 miles a year. Currently with 182,800 miles, as you can see by the photos, a very well kept example of a nearly 20-year old car.

The Good, the Bad ...

Good:


* Correct Hella Euro Headlights (man are they nice and bright!)
* No-color front turn signals
* Later model style grill (all metal)
* An OMG! $6,000 everything-under-the-sun Kenwood sound/video system including: AM/FM/Sirius/DVD/TV/Hands Free Blue Tooth/GPS Navigation/AudioDVD/Aux Audio & Video Input/5.1 Surround with Subwoofer (installed on back deck where First Aid kit would reside)/Split channel audio (front passengers can listen to music while rear seat guests watch DVD with wireless headphones).
* Additional 12 volt accessory outlets - For Radar Detector, Cell phones, Laptop.
* Near-New Standard 500E wheels (selling near perfect take-off Genuine MB '94 500E Limited wheels separately).
* New Pirelli P600 tires
* All body electrical functions perfectly including rear headrests, sunshade, all dashboard switches, all seat movements, all gauges, AC/Heat, heated seats, etc. etc.
* Nice door-mounted drink cup holders.
* Trick hiding motorized front license plate. Yes, the custom European plate stays with car, and a small key-fob remotely controls the position of the state plate.
* No rust.
* Leather & Carpets perfect.
* All wood perfect.
* Tracks straight, no weired noises, no drips!
* Comprehensive maintenance records for everything done on the for over 10 past years and more.

Bad:


* Salvage Title
* Clearcoat thin in small spots on rear trunk
* Small ding in front left fender.
* Small ding in left passenger's door.
* Few stone divits here and there, including a new one on brand new windshield. (Arrgh!)
* Throttle issue on warm engine. My mechanic could not diagnose. Car runs fine when cold, but once warmed up, stumbles and has some hesitation. (Perhaps you experts have a suggestion.)



Price: $12,000 *** Price reduced to $9,850 on 9/11/2011 ***
Location: Branson, MO

Casual questions about the car, post on Forum.

Serious Inquiries, call or email me direct:

Mike Wilson
417-336-5528 (land line)
417-231-6065 (cell)
mikewilson124036@gmail.com

isaltdusa
05-04-2011, 10:07 PM
Ahhhh..... Hmmm..... Not even one reply, thought, inquiry, comment?

036
05-05-2011, 03:40 AM
Well, if you insist ;)
Nice looking 500er, but
1. What happend to the wood trim? Why it has so many different colours? ( 1)
2. Why those moldings are different?
3. What is that?
4. Rear bumper should be fitted.
5 Go-faster-stripes :mrgreen:
6. What happend there?
7. Pitty...
8. Pitty...
9. Should be fitted.
10. Pitty.
11. Pitty.

036
05-05-2011, 04:06 AM
Do not hate me for this :wormhole:
Another 2 spots- backwindow should be changed and what happened to leather trim?

gsxr
05-05-2011, 09:20 AM
1. What happend to the wood trim? Why it has so many different colours? ( 1)
2. Why those moldings are different?
3. What is that?
4. Rear bumper should be fitted.
5 Go-faster-stripes :mrgreen:
6. What happend there?
7. Pitty...
8. Pitty...
9. Should be fitted.
10. Pitty.
11. Pitty.
1) Looks like a couple wood pieces were replaced with new (i.e., shift console). Otherwise it's just the lighting in the photo.

2) The rear window molding appears to be new (black chrome), while the roof molding is original (faded to a bronze color).

3) Good question. Hopefully it could be removed, whatever it is.

4) Rear bumper looks fine to me.

10/11) Airbag can be swapped easily enough, bummer about the dent though. Same with the carpet piece with the holes.


Overall... I think the asking price is reasonable, and the issues noted are (IMO) perfectly acceptable given the mileage and price.


:cheers:

Jimbo
05-05-2011, 09:53 AM
Ahhhh..... Hmmm..... Not even one reply, thought, inquiry, comment?


Its only been 3-4 days since your first post, chill...we all have E500Es already....give it some time for those others seeking one to find your ad. No doubt someone will love to have it.

Looks like a nice car for the miles...but as you have found out, folks will pick the flaws up immediately and unmercifully here. Don't let their observations rub you the wrong way.

Have you tought of advertising it elsewhere like CL , Autotrader and the MB Club's STAR mag? ...and the other MB forums? If you already have then your work is done and sit back and wait for them to come. Good luck with the sale !!! :cheers2:

Jimbo
05-05-2011, 09:56 AM
Here's my comment, and take it for what it's worth (next to zero) ...a salvage title and a 12 grand asking price? Really? Are you firm at that price?

gsxr
05-05-2011, 10:24 AM
Oooops, I forgot about the salvage title. That will hurt a bit, but the $$$ invested by the PO really helps. Sounds like an excellent daily driver, IMO. The throttle issue will probably scare off more people than the salvage title though. That's an unknown money pit... could be cheap to repair, or not. I still think the price is reasonable based on the information provided.

:hornets:

gerryvz
05-05-2011, 10:52 AM
I think $12K is a good starting asking price for a car with this mileage and a salvage title. The throttle issue is significant and I believe is going to take some bucks to diagnose and repair properly. Everything else looks very solid.

With regard to salvage title: they are a huge red flag for some, not for others. If you have documentation or information as to what caused the salvage title, that would be helpful. Meaning what type of damage, how extensive it was, how well it was repaired, etc. that goes a long way to assuage a buyer.

Example: If it was a mere fender or door hit that caused a car to get totalled by the insurance company, that is much more palatable than something like the car being rear-ended (or rear-ending someone else) and having significant front or rear-end damage, even if it was well-repaired.

Personal example -- I own a 50,000-mile Sacramento 1987 560SL that had the windshield smashed and A-pillar bent due to a high hit -- body totally untouched and all panels+mechanicals pristine (all factory stickers still on all body panels, cosmoline on engine, etc.). Car was totaled, auctioned & issued salvage title. Glass, dashboard & A-pillar replaced with Benz factory parts, quality work. Damage documented and personally observed. I bought the car for 50% of price of a car with perfect title. Wife and I enjoy car regularly. Glass/A-pillar replacement do not affect car in the least. If the car had had body/panel/mechanical damage, I would not have touched it with a 10-foot pole. I've had the car for 5 years now and it's a full-on gem. I could care less about the brand on the title.

Last time I checked, "salvage" printed on the title doesn't affect how well the car runs, nor the enjoyment factor.

Cheers,
Gerry

036
05-05-2011, 12:27 PM
2) The rear window molding appears to be new (black chrome), while the roof molding is original (faded to a bronze color).
.................
Overall... I think the asking price is reasonable, and the issues noted are (IMO) perfectly acceptable given the mileage and price.


:cheers:
2. Im talkin not about the colour. They are fitted differently. And also right back light has fitting problems.
As said- nice looking car, i just had some time and fotoshop was open :duck:
What i like is the amount of information given by TS.
I would dare to say anything about price without seeing a car...
Good luck with potential buyers.

Jimbo
05-05-2011, 02:21 PM
Oooops, I forgot about the salvage title. That will hurt a bit, but the $$$ invested by the PO really helps. Sounds like an excellent daily driver, IMO. The throttle issue will probably scare off more people than the salvage title though. That's an unknown money pit... could be cheap to repair, or not. I still think the price is reasonable based on the information provided.

:hornets:


I have to totally (and respectfully) disagree with you Dave...a salvage title WILL scare folks off more than the throttle issue, especially since 500Es with clean titles with less miles and less issues are selling for about the same price as his.

One CAN fix the throttle issue and the other stuff, those are minor IMO...the salvage title CANNOT be fixed and stays with the car FOREVER. We all know that salvage titles effectly halves its value, no matter the make, exclusivity or pedigree...on any 'modern' car. That's not my take on it, ask any insurance agent or collector car appraiser. Makes no difference how nice the repairs were done or how nice the car drives. Unfortunately the agent that screwed up and called it a 300E when appraising the damage effectively ruined it on paper. The PO should have stepped up and made a stink with that gross error...but its too late now to do anything about it.

Agreed though on the other point...it would indeed be a great daily driver for someone....IF priced accordingly.

What would any of you choose for your 12 grand?...clean title or salvage title. :wtf: ...just sayin'. He did ask for thoughts and comments !

gsxr
05-05-2011, 03:06 PM
All good points, Jim - especially about the PO screwing up and letting the salvage happen in the first place. However I'd rather pay $10-$12k for a car with a salvage title that had $30k in fairly recent repairs, rather than the same money for a car with a clean title and a pile of deferred maintenance. But that's just me. You are correct that many people might have the opposite opinion.

:grouphug:

gerryvz
05-05-2011, 03:22 PM
I think you're both right. I agree with Jim that on the surface, a salvage title will scare the average buyer more than the throttle issue, and rightfully so. It's going to affect any car's value, and Jim's general observation is spot-on (and validated by my own experience).

That being said, isaltdusa is being very up front in how he is representing the car (both in words and photos) and is providing a realistic first-pass on a price point for the car. I wish all sellers here would provide as much information and photos -- there would be a heck of a lot more cars changing hands if they did !!

If I was in the market for a maintained "driver" 500E, and weren't phased by a title brand, I think this car would be a good contender if everything checked out per a detailed PPI. I would want to get much more detail as to what caused the title brand, however, and how (and how well) it was remedied.

Cheers,
Gerry

Jimbo
05-06-2011, 06:34 AM
Oh yes, this car IS nice, no doubt and I never said it wasn't. The pictures speak volumes to the overall condition and the care taken by the POs. And we all know how well these cars drive when they've had loving owners. The seller has indeed done everything right in disclosing and describing the car. Its such a shame too, thru no fault of his the car suffers from someone else's foolery.

Its all about choices. There are enough 92's in these colors for sale....turn to page 107 in the latest STAR. The same color 92' car with 76K miles is in MO also (what are the chances of that?), 1 owner ...12 grand OBO. Doesn't mention a salvage title or any other major issues but its 100,000 LESS miles for the same price as this one. If I were to to go to MO for a 500E, which one should I be more serious about dropping 10 large on? Nevermind me though, which one would you guys go for if you were looking?

It must have been quite a 'fender bender' to even total a 300E though...would be nice if there were the repair records (specific to the accident) and a VIN to pull a carfax to see what exactly happened. Perhaps there is...anyway; good talk. :cheers2:

isaltdusa
06-21-2011, 02:08 PM
Hello all.

I graeatly appreciate the many comments by all.

I just returned from 6 weeks in remote Africa (NW Cameroon) and during that time left the car with my mechanic to once again tackle the throttle/tranny interface problem. Alas, he was not able to diagnose what is wrong. So, it is still "challenged" to drive in anything other than what is best described as a gimpy/limpy mode. Therefore looking for a midwest specialist that may be cable to figure out what has failed. I know there are experienced mechs on the coasts, but I am in southern Missouri, 4 hours from either KC, os St. Louis.

Any suggestions on a knowlegeable mechanic "nearby", or link to posts on diagnosing the problem? . . . Or am I left to trusting the local MB dealership shop?

BTW, my wife is lobbying that I keep the car as she knows how much it means to me, but first I want to enjoy another 150mph blast before I decide to keep it in my stable... And that requires a solution to the current problem.

Cheers to all. Again, thanks for the observations.

Jimbo
06-24-2011, 07:17 AM
Hmmm...personally, I can't say bringing a 500E to any sanctioned dealer would be a good thing (for the wallet or the car). Unless they have an old timer mechanic on staff. But what do I know about delears in MO? (nothing) Not one of the 5 dealers around here in CT can be trusted with anything over 10 years old.

I emailed my counterpart in the MBCA in MO and he said you could try German Imports Specialists in North Kansas. Is that close by for you? To be honest, he's had many good but a few bad reports from other members but it seems like there aren't a whole lot of choices for good indys in your neck of the woods....but maybe it is worth a try, and you get lucky.

Art Dalton over at the www.peachparts.com (http://www.peachparts.com) tech help forum I bet could help you out on-line. ...he seems pretty sharp and knowledgible and always willing to help out. Dave here prolly already knows what might be wrong too.

Your wife is a smart gal...listen to her ! Seller's regret is a terrible thing.

isaltdusa
06-24-2011, 08:38 PM
My present considerations at present....

Per Jimbo's consideration, I checked with the Springfield MB dealer and they have 4 mechanics that each have more than 25 years of direct MB service history. As a matter of fact, this dealer is one of the few MB dealers that services more out of warranty cars than in warranty cars. At the time of my visit, the service dept had in the bays a '70's 300D, a '60's 280 cabrolet, and several mid-80's 500 SL's & 560 SEL's. So I think they may have someone M119 proficient. Challenge is that darn $100/hr labor rate!

As for the German KC mech suggestion, tow/delivery cost for 200+ miles will be more than MB dlr diag fee.

So, unless Dave or Gerry (or other fan) can steer me to some diagnostic data or possible things to check for, I think I'm stuck with that plan.

Jimbo
06-30-2011, 07:42 AM
$100/hr isn't actually that bad for a dealer (IMO)....indys around here are about $80/hr. Let's hope they don't spend 8 hrs trying to figure it out though.

Sounds like your local dealer is a good/the best option for you with some old school techs. Good luck !! Be kind and report back how it all pans out. :driving:

isaltdusa
07-04-2011, 08:54 AM
Jimbo,

Thanks. Will do and report. After some soul searching and clearance with my boss (wife) planning to have car towed to Elite Mercedes in Springfield, MO for the diagnosis. BTW, I am also quite excited to be getting into my '94 step-sister to the 500E, a rare factory wide-body 911 (964 model). Just completing a 3 year (budget paced) comprehensive (post spinout rear quarter bender) repair/restoration. This too will soon be up for sale. (54k miles).

isaltdusa
07-19-2011, 03:42 PM
Update: Car now at Elite Mercedes in Springfield. Diagnosis at present is very bad cap and rotor on one distributor, and pretty poor one on other. Could these items lead to poor running as engine warms up. Suppose so. Therefore, these are being replaced first prior to further diagnosis if needed. Also at same time having the starter replaces as it was getting a bit flaky. Painful estimate for these rather simple components is $1,000. Ouch!

gsxr
07-22-2011, 10:40 AM
Posted on AutoTrader now:

http://www.autotrader.com/fyc/vdp.jsp?ct=p&car_id=303676135

VIN: WDBEA36E9NB672625

:apl:

gerryvz
07-22-2011, 11:49 AM
I first got word of this car through my friend Robert Fenton in 2006. The car was in the SF Bay Area and had 142K miles at the time.

Here are my notes on this car:

"Car hit in left rear quarter panel, sold at auction in Bay Area, CA. Car has EVO II wheels, Euro headlights according to R. Fenton. He says he plans to buy car at auction and damage is little enough that rear quarter panel can be replaced. Rear glass shattered in collision."

Cheers,
Gerry

isaltdusa
07-22-2011, 02:32 PM
Gerry,

Wow, thanks. I am absolutely delighted that your records match with the story the Fenton told me when I bought the car from him in 2006.

When I was looking for a 500E back in '06, I initially found a sliver '92 in the SF bay area and had it taken to Fenton to do a through PPI as I had learned at that time that he was the go-to guy for Benz work. After he completed the inspection and report, he also told me about another "black" color car that he owned which he would sell me for only $1,000 more than the silver one.

When Fenton described the history of the car me and extensive pre-accident work he had done on the engine maintenance (the $30K in "open-checkbook" repairs and preventative maintenance) . . . and then the repairs to the accident he oversaw after buying it (which were not extensive as you noted) . . . and how he had come about acquiring the car at a terrific price due to the insurance company mis-adjusting at the 300E value, I jumped on the opportunity to buy what was in my mind a terrific value at the time.

You are also correct about the EVO II wheels. They came on the car when I bought it from Fenton. I am selling the four separately as I feel that I can net more on selling them apart, then on the car. I do love the 500E and hope to own one again in the future. But at present, need to economize and therefore am looking to part with the 500E and substitute a W124 diesel 2.5 for the interim.

Regards & respects,

Mike

isaltdusa
08-01-2011, 07:34 PM
Have had the car back for a week now and it is running sweetly! Such a simple problem and so easy to fix. Well, it took an "old hand" at the dealership who was very familiar with these cars to look at it and diagnose it quickly. So with the addition of a new starter, she fires right up and is back to zooming down the highway.

gerryvz
08-01-2011, 07:42 PM
Good work !

Yeah, my starter died a sudden death a few years ago. When I had a new one installed, it was amazing how much more smartly (and with authority) the car started right up. The weak starter that I'd had felt and sounded the same as a fading battery.

Cheers,
Gerry

sweetsound2001
08-06-2011, 06:04 PM
Nice car. I used to sell cars, and sold two of these with around 50k miles on the clock. One was actually owned by William Shatner (I worked with a broker who serviced celebrities).

Does this have the ASR defeat and first gear start module by any chance?

gerryvz
08-06-2011, 06:37 PM
One was actually owned by William Shatner (I worked with a broker who serviced celebrities).We know the Shatner car very well.

isaltdusa
09-11-2011, 10:00 AM
Letting all know I have reduced the price to $9,850.

Jimbo
09-14-2011, 06:48 AM
That 'James Bond' motorized front plate is really cool...

Is that a kit or some sort of home-made jobber?

gsxr
09-14-2011, 10:00 AM
That 'James Bond' motorized front plate is really cool... Is that a kit or some sort of home-made jobber?
I didn't notice that! VERY cool....

:banana2:

Jimbo
09-15-2011, 02:55 PM
I 'need' this in CT...I like to run my father's family stadt euro-plate up front sometimes but the cops can and do pull you over for not having 2 state-issued plates. (It hasn't happened yet but now that I've mentioned it I WILL prolly get pulled over now !)

It would be the bomb to f with them with this on my car.

isaltdusa
09-22-2011, 11:31 PM
It is not home built. It is a kit. My mechanic installed it. He did it as a surprise as I have given him so much business over the years. You can find on eBay or places like Swift Motors: http://www.swiftmotorsports.com/index.php?cPath=2049 (no affilliation). Comes with a couple of key fobs to activate. Only raise or lower when standing still! Yet strong enough to withstand high speeds (personally tested at 140+ mph indicated) in either position. Y

ea, really trick! A bit James Bond-ish. You can use it to cover another plate that is fixed to the bumper so you could have two different numbers.... hmmmm??

isaltdusa
09-22-2011, 11:37 PM
Oh, and per Jimbo's comment..... Yea, I've done it. Missouri State Patrol pulled me over for not having correct front plate, the euro plate was there, but the MO plate was hidden. He noticed the euro plate as he passed me head to head. After he made the u-turn and turned on his lights by the time I had pulled over I had the MO plate OUT. So when he double checked on the walk-around, it was there. After checking my DL, he let me go with an apology saying he had noticed the euro plate, but had not seen the MO plate that was indeed there. Ha Ha Ha.

BTW, my car still for sale. Thinking of putting on ebay. Any suggestions of what reserve I should set it at?

gerryvz
09-23-2011, 12:07 AM
Most excellent! I have seen this unit in the past but it was advertised as being for C5 Corvettes, so it's good to know there is one that is applicable to our cars.

Not long after moving to TX 3 years ago I got pulled over by the DPS (Texas Department of Public Safety = state trooper) on Spring-Cypress Rd. in Spring, TX on the way to work one morning for not having a front plate. He just gave me a warning about it, and I never put a front plate on the car. I also never had a front plate on the car during the 5 years I owned and drove the car in Oregon and never had a problem getting pulled over etc. I notice probably about 50% of the BMWs, Mercedes and Audis I see around Houston don't have front plates, for some reason.

Cheers,
Gerry

Jimbo
09-23-2011, 08:56 AM
Great...thanx for the link Mike...Swift is like about 30 minutes from me ! I'll swing by there next week.

Your reserve at any auction should be the minimum you'll accept for your car. Good luck !! It's still looks/sounds like a nice car regardless of the hit on the paperwork. It should make some .036 fan very happy.

RicardoD
09-23-2011, 03:27 PM
I really like this car but can't get my head around the salvage title. Although I am looking for a daily driver I know things can change (same reason current owner is selling) and will still be burdened by the salvage title if I have to sell. It will always keep the value of this car low. Love the color combination, maintenance work, the great stereo system, etc I think I need to convince myself I won't turnaround and want to sell it in a year or two but stay with it till 250k miles or something.

Ricardo

gerryvz
09-23-2011, 05:36 PM
My bottom-line advice (having owned a couple of cars with salvage titles):


Only get a salvage-titled car if you plan to keep the car for a VERY long time or forever. Most owners don't tend to keep their cars for more than 3-5 years max so if you even think you could become interested in another car, you need to think resale ease and a salvage title can hinder that
Only get a salvage-titled car if you have EXACT and COMPLETE knowledge of what caused the damage, IN ADDITION TO maintenance history. Having a salvage-titled car makes having records and documentation even more imperative than normal. If it doesn't come with documentation of the damage and some damned good maintenance records, move on
Salvage titled cars aren't a bad thing on the whole, as long as the car is in good condition/repaired correctly. If you can get the car for a discounted price, you will sell the car for a discounted price over a non-branded title. What that means is that you can make the same money as a non-branded car ... the total buy and sell prices are just adjusted downward. But if done right, you should come out the same with less outlay on the buy side. Again, it HAS to be the right car and ONLY when those strict conditions are met. And you should keep meticulous records for the next guy if you plan to sell the car.

Cheers,
Gerry

P.S. Some info here. 5 years ago I purchased my 45K mile 1987 560SL with a salvage title; excellent color combo, and only the driver's side A-pillar was bent, windshield broken, and dashboard/cluster area smushed. All body panels 100% intact, among the best color combos, California car, etc. I had photo documentation of the damage, full inspection of the rest of the car (all body panels original with original MB OE stickers) plus all repairs expertly performed with MB parts. I got the car for $13K and at full price at the time it would have been pushing $20K with a non-branded title. I don't plan to sell the car, but if I did (and R107s have begun appreciating), and the price of a non-branded car was now $25K, I know for sure I could sell the car for the same incremental dollars above what I paid for it. Particularly given the enhancements I've done (all new leather, new soft-top, rear jump-seat, new MB burl shifter wood, etc.). I have actually refused a couple of firm cash offers for $20K here in Texas for the car.

gsxr
09-23-2011, 09:05 PM
Salvaged title is really only of concern for resale value. If you get the car at the right price, and plan to keep it for a while, I personally could care less about a salvage title. It might be worth sending him an offer... it definitely does look nice.

Don't forget that many cars with clean titles could be in worse shape and/or have been in a more severe accident earlier in their life, when the value was high enough to justify $15-$30k in repairs for a major wreck, while still keeping the title technically clean. Bottom line - if the car is nice, and the price is right... forget the title issues. It's already below $10k, and we're not talking about a Gullwing here...


:grouphug:

JordiC
09-24-2011, 02:45 PM
+1 Gerry
+1 Dave

My brother in law picked up a salvaged title Porsche 944 S2 due to flood damage. He picked it up for about 40% less than average asking at the time. He enjoyed it for years without issue. Usually I would run away from flood damaged cars as those effects could linger but in his case I think the insurance co. exaggerated the damage to expedite the claim. We never found evidence that even a drop of water entered that car.

Jimbo
09-26-2011, 06:53 AM
Apparently, the current buying population isn't interested in a salvage titled 500E even at this price....the market on clean titled 500Es with this mileage is not much higher than his asking price.

This car would be a great driver for a newbie to get into. At this point tho...folks seem to be looking for the best cars with the future prospects of it being brighter than today's economy is showing.

I/we have people looking for nice E500Es thru the dealership (www.coventrymotorcar.com) ... no one wants a car with bad history tho. Which is unfortunate because if you never mentioned it, one could not know by looking at this car prolly that it was salvaged due to an accident/error in appraisal. Then say, perhaps you do buy it right and get into another accident with it...you are royally f-ed again by the insurance companies. Think about that...especially since these cars can be insured with a collector's policy nowadays...you could not possibly insure it for a decent value with the hit on the title like that. Every part on it could be new and a 10 grand paint-job to boot; it won't matter...they'll de-value it big time. It needs to be priced right for it to move...

gerryvz
09-26-2011, 09:01 AM
I agree, it's a good car for a newbie to get into.

And a good point, with a title hit it will never have true collector potential both from a buy/sell standpoint as well as insurability.

Reinforces the point that branded cars are good for folks who intend to keep them long-term, not flip them.

RicardoD
09-27-2011, 12:13 AM
I did start the conversation with Mike on his car. Vehicle has impressive maintenance history but the salvage title repair documents are not there. I do not doubt Mike's story as it matches Gerry's records (that actually is the documentation) but that story dilutes with each passing owner. Such a nice car but I am not willing to bite at the current price point. I'd love to fly out there and drive it home and start using it as a daily driver. I completely forgot about the insurance angle. I will have to speak with my agent about that.

The market is brutal out there now. Selling my 72 Mercedes was not all that pleasant, ended up selling on eBay right at my lowered reserve in the second auction for the car. Trying to get two buyers equally interested and willing to outbid each other is not happening that often. You get all the lowballers and then maybe one real buyer.

Ricardo

Jimbo
09-29-2011, 03:58 PM
Sell the Porsche Mike...keep the 500E !!

Yes, the market is brutal for the sellers right now...but it's a great time for the buyers !!

isaltdusa
03-28-2012, 06:27 PM
Hello All,

Car sold. $8,750 to buyer in Chicago

Mike

gsxr
04-14-2012, 09:04 AM
Chicago buyer is re-selling already.... wonder why?

http://cgi.ebay.com/ebaymotors/160781381514

http://north-shore-autosport.ebizautos.com/detail-1992-mercedes~benz-500-e-used-8593628.html

North Shore Autosport
1628 South Prairie Ave
Chicago, IL 60616

Contact Frank Roti for more information.
Phone: 312-884-1149
Mobile: 312-965-2300


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