I thought I'd ask you folks what makes sense, and want to hear from someone who actually owns an older Mercedes that's been maintained
The value of these older benz is very dependant upon it's current conditions and proven maintenance, and you haven't given us much to go on.
These types all have common weak points that can be very expensive to fix. So a CE with a recently rebuilt transmission is worth a lot more than a high milage one that hasn't had tranny rebuild yet.
Other common repairs that are a proven need include head gasket, water pumps, timing chain and it's associated hardware, radiator, A/C- Climate control components, etc. etc.
Without any of this history information, the value is only a guess from afar.
If your paying to have all work done, it's real easy to drop several hundreds, maybe a few thousand dollars to get it right.
Paint you say??? wow, unless it's diy, a good paint job could be the value of the car...
So I have a CE, paid around $5K almost two years ago, it already had a recent tranny rebuild and a bunch of engine work and the paint is in pretty good shape. Since I've owned it I did a head gasket change out to correct leaking oil problem, and while the head was off, did the things that make sense even if they were still working..
If I were in the market for a 124 with a 104 motor, I'd be looking for one with records showing repairs similar to my own CE. If the work was done correctly you wouldn't need to worry about it for another 100K miles or so..
But, if those things haven't been done on this type (with say 140,000 miles or so), I'd be either looking to lower the asking price by a bunch, or look elsewhere..
If you want to sell the car on this forum, or get more accurate asking price info, you need to provide detailed maintenance history, pictures, and an honest list of things that need to be fixed or are in less than good condition.
But like other posters have already replied, it's a buyers market..
Sorry to hear you need to sell it, the CE's are so easy to get used to. My appreceation of them grows the more I drive mine... subtle elegance
just my 2 cents for what it's worth...