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Thread: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

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    FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Highest mile .036 we've seen in a long time?

    VIN = WDBEA36E4PB906737

    https://portland.craigslist.org/mlt/cto/6682404201.html

    http://germancarsforsaleblog.com/fea...-350000-miles/

    1993 Mercedes-Benz 500E with 350,000 miles

    I’ve proclaimed my love before of ultra-high mileage Mercedes-Benz by fawning over a 2003 G500 with 318,000 miles and a 1980 300D with 585,000 miles, but today’s car is something I didn’t expect to see with a ‘3’ as the first digit on the odometer. I shouldn’t be all that surprised since it is a W124 and there is a probably one right now being used as a taxi somewhere in Africa with somewhere over 600,000 miles on it. You think I’m kidding? What did surprise me is that this particular W124 with over 350,000 miles is none other than the legendary 500E. This is the highest mileage .036 I’ve run across in as many years as I can remember because since the day this car rolled off the production line in Zuffenhausen, they’ve always been expensive and collectible cars. The nearly $82,000 window sticker in 1993 and the current market prices for these cars have kept them in the hands of loving owners who often have more cars than they have pairs of shoes. This of course keeps miles off these in general because of how special they are and also the fact that some 500E specific parts are rather pricey and not the easiest to source thanks to a lot of little pieces being no longer available. From afar, this DB702 Smoke Silver over Parchment 500E up for sale in Portland, Oregon doesn’t show one-bit of its mega miles and I’m quite impressed with its condition even for being in California for almost its entire life:

    1993 W124 500E for sale, assembled by Porsche. E500 - $14000 (Portland / Salem)

    If you’re looking at this ad, you know exactly what this car is. If you aren’t aware of what makes this car special, these were built at the Porsche factory in Zuffenhausen outside of Stuttgart. They were assembled with wider front fenders, SL500 suspension and brakes, as well as the twin cam 32V 5.0 V8 from the same car. This is a factory hot rod in an era where a new Corvette made 300hp, or less than the 322 ponies in this car. They imported roughly 500 of these a year so they are quite rare.

    This particular model is Smoke Silver Metallic with Parchment leather. The power seats completely work including headrests and memory function. The driver seat was upholstered with the factory leather cover a couple of years ago. The automatic climate control works well in all functions. The heated seats also function well. There are no warning lights on in the gauge cluster. This model also has the CD Changer installed and working with the working Becker Grand Prix 2000 cassette stereo. The gentleman that owned this car traveled quite a bit for business and this was his travel 500E for his occupation, hence the miles. The rear suspension has been serviced with necessary components replaced to insure that the load leveling functions are fully operational. Paint is ok. What I mean by that is that the upper surfaces have some sunburn areas. It’s not perfect. With that said, the bumpers have the original VIN stickers so that tells me that there aren’t any accidents because bumpers only have VIN stickers when they are new. This car also still has the original wheels. While I would agree that the 18″ AMG Aero Monoblock 2’s are the best looking wheel on this car, they aren’t the original wheels and they are getting harder to find.

    I am the third owner of this car. I’ve loved these since they came out so of course I bought this when it became available to me. Then I told my wife. You can probably piece the rest of that story together.

    The last owner resided in California as did the original owner. Because of this, the paint shows the effects of the California sun over the last 25 years. Add this to the mileage and the fact that I HAVE to sell it, and you can understand why this 500E is priced aggressively. It’s unfortunate really as this is one of my “bucket-list” cars and will probably go on my “list of automotive regrets” (cars you sold that you shouldn’t have like that 67 VW Deluxe Bus and 89 E30 M3) when it sells.

    There are a few minor things that should be disclosed:
    Is it perfect? No. I’m sure it’s got a couple of oil leaks. It’s an old MB. They do that.
    The power antenna doesn’t go up and down. I don’t use the FM.
    The blower fan for the climate control squeaks at low fan speeds.

    This car is ridiculously good for the age. These are of the “million mile Mercedes” era with tank like construction and are truly over-built.

    contact name:
    Dennis

    call or text:
    ☎ (541) 292-6111

    From what I can see from the photos, this 500E came from a loving home and received the attention it probably commanded to get to this mileage. The seller tells you what you need to know about the cosmetic condition of the car and you can piece together the rest, but it is presentable and no way screams ”this car has 350,000 miles.” The exterior has a couple of love taps and the recovered drivers seat is a nice surprise but I am more impressed about the mechanicals. While the M119 is a hearty engine, it needs attention just like anything else. I’m sure this car has been through a few waterpumps, many hoses, enough oil to fill a 50 gallon drum, a bunch of suspension bits and if this car is still on its original transmission, it will be a miracle from the Mercedes gods. I don’t care if you are buying a 35,000 miles 500E or this one, it is highly recommended you get a pre-purchase inspection because these cars are capable of hiding five-figures worth of things that need addressed. I am not saying that is what is going on with this car, but given its extreme mileage, a simple peek under the hood and drive around the block isn’t advisable. The seller has indicated to us he is willing to work with the right buyer to make a deal happen.

    Because of the high mileage, this 500E comes to market at a lower price point than many but it is not without competition. Legends rarely align with the moniker “cheap”. There is another 500E on the market right now with 200,000 miles in similar condition for $15,000 and some other ones floating out there for under $20,000 as well, but again a careful PPI could reveal thousands more in unknown work needed on those that isn’t shown in a profile shot. The 350,000 odometer reading is going to scare a bunch of people away right off the bat no matter the price and if you hit them again with the $14,000 ask many would probably scoff. But properly cared for, there are some people who would have no problem signing up for this 500E. If this car wasn’t 2,500 miles away from me, I’d entertain buying it because I think the .036 is just one of the ”most-own” Mercedes that you can experience for a year or probably keep for a lifetime. This one is an example how it’s possible.

    – Andrew
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    Re: FS: 1993 500E, Smoke Silver/Parchment, 350kmi, $14k (Salem, OR)

    "I shouldn’t be all that surprised since it is a W124 and there is a probably one right now being used as a taxi somewhere in Africa with somewhere over 600,000 miles on it..."

    Mr. Glen to the white courtesy phone....... Mr. 'Million KM' Glen, to the white courtesy phone please...

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    FS: 1993 500E, Smoke Silver/Parchment, 350kmi, $14k (Salem, OR)

    '94 E500 (744) | '94 E500 (199)         Misc. snapshots

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    Re: FS: 1993 500E, Smoke Silver/Parchment, 350kmi, $14k (Salem, OR)

    Part of me wants this to attempt to join the "Million KM" club. ��

    I'm local if anyone wants me to check it out.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Having bought other "high" mileage cars with success this one is intriguing. In my experience the higher mileage cars tend to be more cared for. They didn't get to that mileage because the owner didn't change fluids/issues.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Still.. 14k? I thought 10 would be more realistic.
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by Harv View Post
    Still.. 14k? I thought 10 would be more realistic.
    We've seen wrecked cars sell for $10k a year or two ago. There was also the barely-running rustbucket in the nor'east a while back that was going for ~$10k.

    A rust-free, driving, non-wrecked example doesn't seem unreasonable at $14 asking in today's market, even with high miles... IMO. Time will tell if it will move at this price, or if people are scared of the miles. Looks like a great driver to me. I'd take this ANY day over a cancer patient with low miles.


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    I'll be setting up a PPI, will be interesting to see how it turns out. I'm not looking for a museum car, I want something I can drive every day and not worry about depreciation. I bought the highest mileage GT3 I could find, and am happy with that decision.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    We've seen wrecked cars sell for $10k a year or two ago. There was also the barely-running rustbucket in the nor'east a while back that was going for ~$10k.

    A rust-free, driving, non-wrecked example doesn't seem unreasonable at $14 asking in today's market, even with high miles... IMO. Time will tell if it will move at this price, or if people are scared of the miles. Looks like a great driver to me. I'd take this ANY day over a cancer patient with low miles.

    But then we have examples like this for 15k.

    https://www.ebay.com/itm/1992-Merced....m43663.l44720
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by Harv View Post
    But then we have examples like this for 15k.

    https://www.ebay.com/itm/1992-Merced...-/163212478420
    Good point. That one has been for sale a while, which makes me wonder if there's something up with it....


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    which gt3? that'll be next on my list

    Quote Originally Posted by ChaoticSquare View Post
    I'll be setting up a PPI, will be interesting to see how it turns out. I'm not looking for a museum car, I want something I can drive every day and not worry about depreciation. I bought the highest mileage GT3 I could find, and am happy with that decision.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by ChaoticSquare View Post
    I'll be setting up a PPI, will be interesting to see how it turns out. I'm not looking for a museum car, I want something I can drive every day and not worry about depreciation. I bought the highest mileage GT3 I could find, and am happy with that decision.
    Check back in when you buy it.
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by duuder View Post
    which gt3? that'll be next on my list
    996. Love how raw it is, and it just keeps going. The problem with it is that it isn't "fun" to drive at street speeds. Really need to get it to 7k RPMs and it becomes not safe quickly.
    Quote Originally Posted by Harv View Post
    Check back in when you buy it.
    We will see how things go. Would make a nice drive back down the coast if it works out.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Funny how the rear sunshade didn’t make it on to the Monroney sticker!




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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Showing on Autotrader now with a $12K ask.

    https://www.autotrader.com/cars-for-...ckType=listing
    1993 500E Signal Red/Parchment
    1987 300TDT Ivory/Palomino
    1995 E320 Cabrio Black/Parchment
    1969 280SL Silver/Green - 1970 280SL Black/Parchmen
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Wonder why this one is still for sale.
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    Re: FS: 1993 500E, Smoke Silver/Parchment, 350kmi, $14k (Salem, OR)

    seems like a good deal- all original, well cared for daily driver......would never be able to explain another 500E to my wife though

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    Re: FS: 1993 500E, Smoke Silver/Parchment, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by TimL View Post
    seems like a good deal- all original, well cared for daily driver......would never be able to explain another 500E to my wife though
    How about you buy it for her as a daily driver?


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    I have seen 130K miles cars lately sell for $15k not sure 330K miles car is worth $12k. That is like $9k-$10k car in current market.
    1993 500E
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by Dario View Post
    I have seen 130K miles cars lately sell for $15k not sure 330K miles car is worth $12k. That is like $9k-$10k car in current market.
    Which 130k car sold for $15k?

    Miles are not directly proportional to price or value.

    Let's not forget wrecked, salvage cars have sold for over $10k... so I don't see a probably-rust-free CA car with a clean title selling for that little, just because the odometer is turned up a notch.

    The market has softened compared to early this year, but it's not the Pillsbury Doughboy yet.


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Hee hee!


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    Which 130k car sold for $15k?

    Miles are not directly proportional to price or value.

    Let's not forget wrecked, salvage cars have sold for over $10k... so I don't see a probably-rust-free CA car with a clean title selling for that little, just because the odometer is turned up a notch.

    The market has softened compared to early this year, but it's not the Pillsbury Doughboy yet.

    under 100K miles a lot of maintenance records and it sold for $16k. As i said no way 330K miles car is worth $12k as of TODAY

    https://bringatrailer.com/listing/19...-benz-500e-14/
    1993 500E
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    $20+K deferred maint with a car of this mileage.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by Dario View Post
    under 100K miles a lot of maintenance records and it sold for $16k. As i said no way 330K miles car is worth $12k as of TODAY

    https://bringatrailer.com/listing/19...-benz-500e-14/
    Take a closer look at the auction... it was $16,750 high bid - plus fees, making it ~$18k to the buyer. However, it was RESERVE NOT MET. No sale. Seller posted in comments after the hammer dropped that reserve was originally $25k, but he dropped it to $21.5k (again, plus fees, or ~$23k out the door plus transport if someone had bid high enough). That particular car is still for sale AFAIK:
    https://www.500eboard.com/forums/showthread.php?t=13413


    I disagree that any 330kmi car is not worth $12k today. By that logic, Glen's car with ~650kmi isn't even worth 5k despite being mechanically excellent and having new paint. I don't understand why high odometer readings translate into "worthless". Wanting values to revert to 2013 levels doesn't make them actually do that, even if you want it to happen really bad.


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Oh, and despite Gerry's desire to buy it just so it can be crushed due to the high miles (Glen! Don't let him near your car!)... I'm going on record that this high miler looks cosmetically better than an awful lot of cars posted for sale with one-third the miles on the clock.

    I don't buy odometers, I buy cars. People who buy odometers wouldn't have even clicked on this thread, the subject line would have given them convulsions at the thought of 0.35M miles.


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by ChaoticSquare View Post
    I'll be setting up a PPI, will be interesting to see how it turns out. I'm not looking for a museum car, I want something I can drive every day and not worry about depreciation. I bought the highest mileage GT3 I could find, and am happy with that decision.
    I wonder how this PPI went.

    Will tell us the story with this car.
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Call me a hater if you like, but I wouldn't buy a car with 350k on the clock. Not that it's a bad car. It would just be too difficult to sell later if I needed to get rid of it. If I knew I was going to keep it forever or if it had something special about it I might reconsider it, but it's doubtful.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    Oh, and despite Gerry's desire to buy it just so it can be crushed due to the high miles......
    Is that Gerry's new nickname, ".036 CRUSHER"?

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    If there is a spectrum, "save it at all costs" and at the other end it is "crush it, feed the vultures"...
    I think I am more towards the "save it at all costs".

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    I don’t think the usual deferred maintenance rules apply to this car. The new owner will probably fix what absolutely needs to be fixed and then enjoy the car, even if it doesn’t drive exactly like it did when it rolled off the assembly line. If it made it this far, it has probably had decent maintenance. Buy it, drive it, park it outside, take it to Home Depot, put the kids and dog in it. So, treat it like a car and enjoy it. Unfortunately, that’s something a lot of us, myself included, don’t do with our E500Es anymore.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by Melville View Post
    Buy it, drive it, park it outside, take it to Home Depot, put the kids and dog in it. So, treat it like a car and enjoy it.
    And take it to the automatic car wash when it gets dirty...which will be pretty much all the time...
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    Oh, and despite Gerry's desire to buy it just so it can be crushed due to the high miles (Glen! Don't let him near your car!)... I'm going on record that this high miler looks cosmetically better than an awful lot of cars posted for sale with one-third the miles on the clock.
    Where did I say that this car should be crushed? All I said was that this level of mileage, it's going to have $20+K worth of needs. I don't think that's out of line, and I didn't poo-pooh the car or declare it worthless because of the mileage. Heck, my 560SEC has 0.25M miles on it, and it is still going strong !!

    Generally I only call out "rolling parts cars" when a car is wrecked and shoddily repaired, or has so much rust on it that it is beyond anyone bothering to fix it.

    I don't, and have never agreed, with the "must save at all costs" mentality. I've just seen it in other models, as I've said ad nauseum in the past. There are cars (no matter the miles) that should be saved, preserved and improved, and there are cars that have been neglected or had accidents to the point where they basically should just become donors to keep the other good cars on the road.

    That is all.



    I recall a lot of butt-hurtedness and "NFW" type of responses when I first introduced my E500E DMRs (Deferred Maintenance Rules) and continued to refine and amend them. And time after time, my DMRs have been proven true by owner after owner here.

    "Well, MY car doesn't need no stinkin' $5K of maintenance. MY car is POIFECT !!"

    "Well, does your 125K car have documentation that the transmission/motor mounts have been replaced? What's the shift time like going into reverse on your transmission? And you're adding refrigerant how many times per year?"

    "uhh....uhh....uhhhh....MY CAR DOESN'T NEED A SINGLE ITEM OF MAINTENANCE!! IT'S PERFECT !!! SO GO TO HELL !!!"


    I will be the first to tell you that my 139K E500 has $10K+ worth of deferred maintenance RIGHT NOW:

    - Passenger side valve cover oil leak
    - Front crankshaft seal oil leak
    - 2-second reverse shift time for transmission
    - Front and rear brake rotors soon need replacing
    - Slightly delaminated rear glass needs replacing

    etc. etc.

    Cheers,
    Gerry

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by Maui View Post
    Call me a hater if you like, but I wouldn't buy a car with 350k on the clock. Not that it's a bad car. It would just be too difficult to sell later if I needed to get rid of it. If I knew I was going to keep it forever or if it had something special about it I might reconsider it, but it's doubtful.
    Ken, that is a valid point. The high miles WILL affect resale, as seen by the polarized comments on this thread.


    Quote Originally Posted by gerryvz View Post
    Where did I say that this car should be crushed?
    OK, you did not say that about this particular car, but you were thinking it. LOL. As the rest of your post describes, you DO often call any low-value 036 a "rolling parts car" that should be vulturized to keep others on the road.


    Quote Originally Posted by gerryvz View Post
    All I said was that this level of mileage, it's going to have $20+K worth of needs. I don't think that's out of line, and I didn't poo-pooh the car or declare it worthless because of the mileage.
    I flatly disagree with a blanket equation of miles vs dollars (<100kmi = $5, 200kmi = $10k, >300kmi = $20k, etc). You cannot make that statement without knowing the maintenance / service history. Yeah, if it's got a ton of deferred maintenance, it could require $$$$$ to bring it back to factory conditions - but as Melville pointed out in post #30, the buyer for this car wouldn't do that in the first place. And it wouldn't cost $20k to refresh basic mechanicals while leaving cosmetics alone. I agree completely with Melville's statement "If it made it this far, it has probably had decent maintenance." But, a PPI should uncover any major issues.

    Don't make me bring up the Hollyweird car where the low odometer reading turned out to be a red herring and the car needed a ton more work than the odometer indicated.

    I'll take a well-maintained, high-mile car any day over a low-mile car that get waxed weekly with diapers but never has the hood opened.


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Here's the case study:

    https://www.500eboard.com/forums/showthread.php?t=12136

    Seller claims to have put $22K into it. Including a (questionable) paint job. The car looks like it *STILL* needs five figure worth of work.

    And then maybe it'll be worth $10K.


    It's still on the market, BTW.
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by ace10 View Post
    Here's the case study:

    https://www.500eboard.com/forums/showthread.php?t=12136

    Seller claims to have put $22K into it. ...
    Yep, that's the other end of the spectrum.


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    OK, you did not say that about this particular car, but you were thinking it. LOL. As the rest of your post describes, you DO often call any low-value 036 a "rolling parts car" that should be vulturized to keep others on the road.
    You are not allowed to tell me nor others what I should think, or am thinking. In reality, I was not thinking what you say at all. If I had been.....trust me, I'd have said it last night when I posted to this thread.

    Again, the only time I call low-value 036s "rolling parts cars" is when there is solid justification to do so:

    - The car has been neglected to the point where it's unsafe or unfit to drive
    - The car has been in an accident and cannot reasonably nor easily nor cost-effectively be repaired to a safe standard
    - The car has so much rust/corrosion that it is beyond reason (and anyone's pocketbook) to repair

    I agree 100% with Melville that anyone buying a car like this one (as did Glen with his DrP car) is not buying it to restore it and win Legends of the Autobahn with it; they are buying it to own and drive it without the worries/cares/concerns of having a concours-level car. As they should be !!

    IMHO, anyone outside of a SayHey, Lowman and 600Eric who owns an E500E, and doesn't drive it because they are "saving it" for something unknown, is really missing out on the ownership experience. Hate to say it, but it's true. Drive your cars !!!

    Look, I saw 600Eric's car several times before he bought it. I know the condition it was in (which was pretty decent, with some significant deferred maintenance but good bones), and I know what it took for him to bring it up to the spec he did (I saw it before, during and after refurbishment). No one is going to take a 350K car like this and give it the 600Eric treatment -- we all know that is a fact.

    Actually, I thoroughly ENJOY a high-mileage car that is still in good operating and cosmetic condition. It's a major reason why I opted to keep my 560SEC when it got hit by the semi back in 2016, rather than just abandon it and get a lower-mileage example. I had an attachment to that car borne of nearly 15 years of ownership at the time.

    High miles on a car don't scare me in the least, as long as I know the car was maintained decently along the way. Which is exactly the situation with Glen's "DrP" car.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gerryvz View Post
    You are not allowed to tell me nor others what I should think, or am thinking. In reality, I was not thinking what you say at all. If I had been.....trust me, I'd have said it last night ...

    Attached Images Attached Images

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    Yoink gratefully & humbly accepted.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    BAT she goes

    https://bringatrailer.com/listing/19...-benz-500e-12/


    1993 Mercedes-Benz 500E

    This 1993 Mercedes-Benz 500E shows 352k miles and is powered by a 5.0-liter DOHC V8 mated to a 4-speed automatic transmission. Finished in Smoke Silver Metallic over Parchment Cream-Beige leather, this Porsche-assembled W124 was originally sold at Smythe European in San Jose, California. The car exchanged hands in 2001 at 78k miles and did not leave California until 2018, when it was traded in to an Oregon dealership by the second owner and then purchased by the seller, a dealership employee. A 500k-kilometer award adorns the grille, and corresponding paperwork can be seen in the gallery. This 500E is now being offered with the original window sticker, a clean Carfax report, pre-purchase inspection, and a clean Oregon title in the seller’s name.

    The exterior is finished in Smoke Silver Metallic (702U) and features flared wheel arches. A 500k-kilometer award from the Mercedes Benz High Classic Center is mounted to the front grille. In December 2018, the seller replaced the front bumper rubber strip. Photos in the gallery show the condition of the paint, which the seller notes shows surface cracking on the hood, roof, trunk, and top of the fenders. The Carfax report indicates no history of accidents or other damage.

    16″ factory wheels are mounted with mismatched Toyo and Bridgestone tires, showing 2016 and 2015 date codes respectively. The seller states that the brake fluid was recently flushed in response to the pre-purchase inspection.The 4-place interior is finished in Parchment Cream-Beige leather (275) and features heated and powered front seats. The driver’s seat has memory adjustment and has reportedly been reupholstered. Photos in the gallery show the rear window shade extended and retracted, as well as the condition of the wood trim.

    351,567 miles are currently shown on the odometer, about 1,000 of which were added by the seller in the last 10 months. The steering wheel column features electronic adjustment, and the Becker Grand Prix 2000 radio is connected to a CD changer mounted in the trunk.

    The 5.0-liter M119 V8 is mated to a 4-speed automatic transmission. The seller states that the transmission was rebuilt by Euro Quattro in Mountain View, California at 255k miles, and the oil was changed in October 2018. A September 2018 PPI in the gallery directs attention to the wiring insulation, valve cover gaskets, suspension, and motor mounts. Photos in the gallery detail the condition of the underside. The seller states that the self-leveling suspension works correctly and is believed to have been refurbished.

    The original window sticker lists standard equipment, original colors, and an MSRP of $81,730. The Carfax shows no issues and indicates two owners prior to the purchase by the seller’s employer. The videos below show engine start, idle, exterior walk-around,



    https://www.youtube.com/watch?v=tgLpp9vjFu0


    https://www.youtube.com/watch?v=yzuQT-9A_Nk

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    And now, the rest of the story.

    AutoCheck report attached below photos.
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Sold for $10,200!

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    He wanted $15,000 when it was first listed. Probably not too happy with that result.
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  84. #43
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Yeah but, am I the only one who thinks $10k for a completely used car is high?

    maw

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by maw1124 View Post
    Yeah but, am I the only one who thinks $10k for a completely used car is high?
    See post #20. It has half the miles of Glen's car. Plenty of life left.

    For those who don't think "rust free" is worth something... look at what poor Joe is dealing with across the pond:
    https://www.500eboard.com/forums/sho...l=1#post177889


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    This does not say a lot for the car but man it is exciting to see/hear:


    Robert


    https://www.youtube.com/watch?v=0f4S-gkJk0k

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  89. #46
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    See post #20. It has half the miles of Glen's car. Plenty of life left.

    For those who don't think "rust free" is worth something... look at what poor Joe is dealing with across the pond:
    https://www.500eboard.com/forums/sho...l=1#post177889

    Yeah... if I’m Glen, I keep my high miler, no question. But am I buying someone else’s high miler? Probably not, but maybe that’s just me. Only a true E5E lover pays that for a car with those miles.

    maw

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    its worth 10K in parts for the future

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    FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    I’m the first and biggest one to “pop off” about cars being rolling parts cars due to neglect, General condition, odious deferred maintenance, you name it.

    But I’ve NEVER called a car a rolling parts car due simply to miles.

    And this car is clearly not a rolling parts car. It’s a maintained survivor that deserves more care and feeding and use. It indeed as said is a great example of the durability and engineering of the 124. This one is notable because few have been driven this much.

    So sure, while it undoubtedly has plenty of deferred maintenance — as ALL of our cars do (knowing or unknowing) — I hope the buyer is an enthusiast who will continue to maintain, improve and most importantly DRIVE it.

    Exactly as Glen has done with the Dr.P car.

    Cheers to celebrating another great E500E “high miler”!!!


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gsxr View Post
    Sold for $10,200!
    Seems like a good buy at that price but it further reinforces the fact that these cars have been priced out of my reach. I'll enjoy my $900 400E
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by maw1124 View Post
    Yeah but, am I the only one who thinks $10k for a completely used car is high?

    maw
    .

    I think you may be. I have to agree w/ Dave and Gerry. This car is a fixer. Albeit by a DYI guy. I wouldn’t be taking it to a Dealer or a Independent Tech unless absolutely necessary. I fixed a lot of the suspension for a hell of a lot less than the quotes on the PPI. Gerry’s $5K deferred maintenance would go a long way to make this a dependable driver. DYI of course.

    After seeing what Glen has done w/ DrP’s 580K miler this car has that same potential.

    I hope the new owner starts a new thread here.
    Terry

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  99. #51
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    I guess. My only point is, if I’ll pay $10k for this one, I’ll pay $40k for one with 1/4 of the miles on it, or $30k for one with 1/3 of the miles on it. Yet a lot of people here fall completely off the wagon at above $20k or so, which I just cannot understand. Just like I just cannot understand paying $10k for this one. There’s an incongruity here that’s making no sense to me.

    I’m not calling it a parts car. But you lose me past the number at which I can part it out and make money, call it $5k-$7500. Like, no one is buying your 300k mile engine and transmission. No one.

    maw
    Last edited by maw1124; 2 Weeks Ago at 09:33 AM.

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    This car is not for everyone. Anyone who has the bucks to go with a well sorted car would pass on this one BUT for someone with more time than money this could work out well for them. I guess we will have to wait and see what becomes of it.

    IMOP, I think the seller picked the worst time of year to sell this car. He would have done better if it was auctioned in spring or summer.

    Happy New Year!!
    Terry

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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by maw1124 View Post
    I guess. My only point is, if I’ll pay $10k for this one, I’ll pay $40k for one with 1/4 of the miles on it, or $30k for one with 1/3 of the miles on it. Yet a lot of people here fall completely off the wagon at above $20k or so, which I just cannot understand. Just like I just cannot understand paying $10k for this one. There’s an incongruity here that’s making no sense to me.
    I can understand this selling at $10k, despite the miles. What I cannot understand, no matter how hard I try, are the WRECKED cars that sold for ~$10k at salvage auctions with salvage titles. Granted, there haven't been many of those, but we haven't seen many 300k+ 036's for sale either. There are quite a lot of 300k'ers out there btw - probably a couple dozen in the USA, maybe more. Apparently those owners are too busy racking up miles to post on this forum!


    Quote Originally Posted by maw1124 View Post
    I’m not calling it a parts car. But you lose me past the number at which I can part it out and make money, call it $5k-$7500. Like, no one is buying your 300k mile engine and transmission. No one.
    This is a tough call since it's hard to peg the break-even number. There would be buyers for the engine & trans, but to your point, the price would be relatively low. I personally would not be afraid of a 300k engine if there was proof it ran well, had good compression readings, and didn't lose or consume fluids. M119's run forever. Shoot, I drag-race a 200k original engine with zero issues! The tranny, yeah, if not rebuilt... most people would view it as a core. Without full records, or the trans serial to see if it's original, etc - hard to say. For all we know it might be a rebuild with only 50k or something. Lots of unknowns buying over the interwebs.

    I hope the new owner posts here & documents what arrives in their driveway!


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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by TerryA View Post
    IMOP, I think the seller picked the worst time of year to sell this car. He would have done better if it was auctioned in spring or summer.
    Yes! This is why I'm waiting to list my W210 E60 until springtime, when everyone is feeling phat after their tax return...


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  107. #55
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    If I was in the market for a pure driver to ride hard and enjoy, this car would certainly be a candidate.

    Maw, the reason that the buyers drop off precipitously above the 20K mark is because as I’ve said plenty of times before, most folks don’t have two nickels of liquidity to rub together on a car.

    So they take out a 401(k) loan, or HELOC, or put it on their $25K limit credit card at 20%+ APR, to afford that car. Then the deferred maintenance bills start coming in .... $1,500 for motor mounts, $5K to R&R&Rebuild that transmission ...... the list goes on.

    It has never ceased to amaze me how many people out there have few to no liquid assets, yet have the latest $1,300 iPhone XRS PLUS model in their hand (of course that’s financed through their carrier too, at $70 a month for two years).

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  109. #56
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    Re: FS: 1993 500E, Smoke Silver/Cream Beige, 350kmi, $14k (Salem, OR)

    Quote Originally Posted by gerryvz View Post
    It has never ceased to amaze me how many people out there have few to no liquid assets, yet have the latest $1,300 iPhone XRS PLUS model in their hand (of course that’s financed through their carrier too, at $70 a month for two years).
    Sometimes I think about how far the 500E is from the general public in terms of reality. The way I think of the .036 is it is a true luxury item. You go buy a Ferrari, you are making yourself happy and anyone you sees it on the road who has some idea what a Ferrari is. Kids like it, woman will look at you different. You sometimes get treated different, both good and bad. A 500E? No one cares except you and maybe 1 random car nerd once in a blue moon. No college kid is studying hard so they can go buy a 500E. Nobody has a 500E on their bucket list. No one else enjoys it except you. No one else appreciates it except you. That is luxury.
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