Originally Posted by mcbear
Edmunds or KBB numbers for a 500E are not relevant as the pool of cars is just too small to provide an accurate analysis of market value.
A 200K car without issues - any issues - is anywhere from $8-12K depending on region, color and just how "outstanding" is judged at 200,000 miles. As these cars get older, they are getting more rare but also more miles on them. We are seeing sub 100K cars in the $20-30K range in very good condition.
Restored condition cars, where all is done to bring the car to drive/restored are bringing good dollars, even with the miles as the body is solid and there are only a few, easy to address problem areas on the car.
As an example my Bornite car is worth more due to rarity of color than 199 [which had nearly 50% of all 500Es in the US]. On the other hand, folks like the 199 Black Pearl so it is easier to sell.
To answer your question better, the owner should be doing the maintenance as it comes up, because now that it is crunch time, he is in a situation where he SHOULD disclose known problems to any buyer. Oft times, on internet sales as example he is required to do so or the buyer can back out of the sell. He has put himself in a position to either do some of the work or take a hard hit on the sell price of the car.
Frankly, I don't know how I would try and price this car if I were trying to buy/sell it. Someone is going to get screwed on this deal, no matter what decisions are made.
Results of the real world, not the secret private little club of the 500E world.
The below 500E had 15 bids, and just sold for $11,850.00 which is dead on what KBB list for the car.
KBB Excellent - $12,625, Good - $11,675 and Fair - $10,425
Kelley Blue Book - Enter Your ZIP Code
Edmunds has $7,785
Edmunds used Mercedes-Benz 500-Class car appraisal. Used Mercedes-Benz car pricing.
eBay Motors: Mercedes-Benz : 500-Series (item 270160928512 end time Sep-02-07 03:51:56 PDT)
"Here is a very rare 1992 Mercedes 500E. This car has a complete service record history and was maintained meticulously. The previous owner even placed tags in the engine compartment so he knew when each item was serviced last. These cars are getting really hard to find. This car was traded into a New Lexus dealership. It is in really nice condition. Check out the interior. All the seats look near perfect.
This car is fast and fun to drive. Motor runs great and the transmission shifts nicely. Car feels mechanically sound. Alot of car for the money. For a more detailed description please read the "Condition" report listed in the description box below."
And this one in "pristine condition" had no bids, the "Buy Now Price" was $20,000 (way over the market value), note the car only has 94,840 miles.
eBay Motors: Mercedes-Benz : 500-Series (item 230165520381 end time Sep-02-07 05:54:54 PDT)
"You are looking at a 1993 500E Mercedes with 94,800 original miles. I have owned this car for about five years and it is in pristine condition. You are probably aware of just how special these cars are. Mercedes produced and sold about 1500 of these fine cars between 1992 and 1994. Created in a collaboration between Porsche and Mercedes-Benz, and built by hand, this limited production sedan was built in about 16 working days. It is very fast and handles precisely. This is one of the best driving sedans available today. This beautiful white with soft gray interior has always been maintained to the highest standards. The paint and interior trim is virtually flawless. The engine compartment and trunk are both clean as a pin. Everything works as it should and the Michelin pilot sport tires have about 3000 miles on them. This is a one of a kind, great car, that needs nothing. Window sticker and manuals are included. My wife wants an Infinity FX-35 and I will need to sell or trade this car in order to make her happy. Please call me with any questions you may have at 843 450 6512."
Just have not been able to find any 500E selling for "We are seeing sub 100K cars in the $20-30K range in very good condition.", maybe you are talking about a 1992 500E that was sold in 1994!!!
Have a good holiday, go take a nice drive.