The 300E ad you link to reminds me of the ones that never worked out when I was shopping. For goodness sakes, the 300E came loaded. There were very few options, see 1993 Mercedes-Benz 300-Class standard equipment at Edmunds
. OK the CD changer was an upgrade and maybe the wheels. What's that CD changer worth to you today? I plug my mp3 player into the Becker radio/tape with a $9 cassette adapter.
The price is toward the high end based on NADA - Mercedes-Benz MERCEDES-BENZ IV Sedan 4D 300E
and Kelley Blue Book - 1993 Mercedes-Benz 300E - Private Party Pricing Report
guidance. Of course this is just guidance and exceptional examples will be worth the extra dollars, but they are a good place to start. My opinion is that the current market favors the buyer strongly.
Overall, the ad gives me pause. Nonetheless, go see it. Drive it. Look at the engine closely. Check the oil, coolant and transmission fluid. Take pictures of everything, especially the engine--it's amazing what the camera will show you. Be patient. I think it's better to take your time, and maybe let a good deal go, than to jump into something that will disappoint you and eat your cash.
Before you go, read W124-Zone.com - The Buyers Guide
and W124 Buyer's Guide
, in the DIY sticky on the W124 forum here. Also read the descriptions of poor, fair, good and excellent condition in the KBB listing. Most sellers over estimate the condition of their car.
Consider contacting Jonathan Hodgman of Blue Ridge Mercedes/AMG East
a well regarded service and performance shop in Lilburn, jhodg5ck
on this forum. He is a wealth of knowledge in your area and often generous with information and insight. He comes across cars for sale occasionally also.
Good luck with your search.