Date registered: Oct 2007
Vehicle: 30+ mercedes and a suburban to tow them
Location: Long Island, NY
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to amplify what my fellow m-100 club members have said, these things ain't easy. Also price varies on location as well as cosmetic condition. There's a fellow in Scandinavia considering paying 20k for a lovely car that he could get cheaper here in the states, but the cost of getting where he is puts him right back in the 20k range.
there is a parts car not to far from me for 3k. I'd pounce on it if I had that money on hand, not mention the time required to verify what works and what doesn't. But I will let it go by the way side due to a lack of both.
If you are able to do your own work and do it well, then you can enjoy some of the more odd things that we M100 owners do like figuring why the car is 2" off the ground in the morning and how you're going to jack it up to fix it. Some people call it their 600$ car because it seems like every time they drive it, another 600$ goes out the window for repairing one thing or the other (perhaps one 3,000$ bill might last them a few outings in a row).
In the interest of disclosure, my 6.3 was picked up as a barn find 5 years ago and I got it running, verified what was good and bad and it has been sitting ever since until I get around to it. It doesn't cost me anything to have it collect dust in a garage 200 miles from my home. I'll get to it before I get to the 600 I presume. The 6.3 is cheaper to fix.