Date registered: Oct 2003
Vehicle: S600, 350SL, C300
Location: Central NY
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The 1985 300TD wa the best one made. A fair price is in the $1500 - $2000 range for a pristine example with no rust, defects, or other issues. The engine may last another 240K or it may loose its oomph tomorrow. The biggest issue will be the hydraulic suspension, which is very expensive to fix and usually fails after 15 or 20 years due to deterioration of the rubber components. Have you checked to see if it still self levels? Next issue is the transmission which is also past its expected service life.
If you are a dang good mechanic with a well equipped garage, this car might be a good hobby. If you want a driver with several good years left, get an MB with less than 10 years on the clock.
1999 S600 (1 of 14), 1973 350SL, 2009 C300