'65 SL230 - Mercedes-Benz Forum

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post #1 of 6 (permalink) Old 03-13-2010, 06:16 AM Thread Starter
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'65 SL230

Hey Guys! I am looking at a '65 SL purchased in Germany in 1983. No rust, rebuilt transmission, appraised in 1998 for $20,000, engine rebuilt in 1997, power steering and AC added, rod assembly and rear pinion replaced in 1998, transmission replaced in 1999, new repainted in 2009, reupholstered in 2008, garaged since 1997, driven 3,000 miles in last 10 years, 230 engine replaced with 280 engine in 1998, 280 engine rebuilt 1,000 miles ago (2004), new convertible top. I am not a mechanic. I acquired a 1999 E320 about 6 months ago and have been smitten by the brand. I need some advice on what range of value a car like this may have, ie. retail purchase price. Also, some words of wisdom about the whole concept of a 57 year old non mechanic without a garage even thinking about buying this machine. Should I nurture this fantasy and consumate it with a purchase? If so, what warnings or encouragement might you offer. I get the impression that there are a lot of people out there who have invested $30,000 in cars that have a retail value of $20,000 but they are stuck in the love/hate relationship with the car, living in some state of blissful denial. But then again, maybe that spring time drive with the top down is gratifying enough to overcome the occasional mechanical difficulties. Any thought would be appreciated. Value of car, wisdom of consumating this fantasy, other advice.

Thanks. Great forum! Maybe I need Dr. Phil.

Willy Boy
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post #2 of 6 (permalink) Old 03-13-2010, 08:22 AM
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I invested about $30k into a car now worth about $8k, if I'm lucky!

It's not about a return on investment, it's about owning your own classic. I love my car and have no regrets about buying it.
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post #3 of 6 (permalink) Old 03-13-2010, 03:25 PM
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I would be careful of the appraisal value on this particular car because of its non-original condition. Pagoda top SLs are desirable cars and they are about as "classic" as post-war Mercedes get, but this one has a mixed provenance and would not be considered a collectible example of the model by purists. This would likely make the market value of the car considerably lower than an original 230. A restored, original SL230 is likely worth a lot more than $20k, but I'm supposing that, I don't know it.

That said, it is probably more powerful and may be more reliable as a driver than an original one.

I'm with Gruebeguy; if you want a pagoda roadster and that one is the one you want, work a deal you like and buy it.

Good luck.

"Don't pick a fight with an old man. If he is too old to fight, he'll just kill you."--John Steinbeck
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post #4 of 6 (permalink) Old 03-14-2010, 12:34 AM
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Vehicle: Mercedes 280 SE 3.5 coupe, pagoda 230 SL '64, 500 E W124, CE 220 Cabrio, E 320 T W211, w126 6.0 AMG
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Pagoda 230 SL a must!

Well, I have a pagoda 230 Sl since 1996. After the complete (!) restauration I use the car every day from April to October in Italy. Over the years I made several little modification to adapt the car for every day use. If you are lucky to buy a 1.Serie (1963-4) car with free flow exhaust manifold and vertical spare wheel it is a perfekt friend for weekend trips with your wife , too. With the free-flow manifold it has a free reving engine and a sound like the old 300SL roadster. Using the hardtop it becomes a coupe.
In winter there is my 500 E W124 which mades fun. Now I am working on a 280 SE 3.5 Coupe for the whole family (daughter 2 1/2 years) but the 230 SL will stay by me.

If you can buy it, do it the prices will go up!

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post #5 of 6 (permalink) Old 03-14-2010, 02:01 PM Thread Starter
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Thanks guys. Keep the advice coming. Very helpful.
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post #6 of 6 (permalink) Old 03-17-2010, 09:38 PM
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Date registered: Mar 2008
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I'd hang around at www.113sl.org the Pagoda SL forum for a while. FYI, here in Jakarta, Indonesia. Pagoda is the "IT" car now, a good decent car asks for > $60k, rust bucket > $30K, a good one > $100k, way too overprice yet there is always buyer.
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