Date registered: Feb 2008
Vehicle: 2004 W220 (S430) ; 2001 R129 (SL500) Sport
Location: Alabama Gulf Coast--formerly Charlottesville, VA
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The SLC is not a particularly desirable version of the 107 chassis. A 1974 edition is relatively early in the model run (begun in 1971) so it has all the potential "new model" problems. An excellent condition late 80's 560SL (the most desirable) sells for less.
The fact that $50k was spent on a mediocre restoration is irrelevant. I'd bet real money the resto didn't include original quality repainting. The restoration may be a cosmetic mask for some serious sheet metal problems.
The early 70's V-8s were weak-kneed at best. They were crippled with the "new" smog regs in the US, so they put out very few horsepower compared to the Euro (non-cat) versions. The 107 was heavy, and that made the low power even worse.
The 107 is probably the worst roadster MB ever made. The US versions with their scaffold-like bumpers and smog-pump-crippled motors were even worse. The 560s are relatively likable because they have a big enough motor to overcome some of the weaknesses of the 4.5 drivetrain.
If you have a genuine need for a coupe version of the 107, maybe this is the car for you. If you're thinking it is an investment that will be worth more than you paid, I think you are mistaken. It is considerably overpriced as it stands. A lot of people bought low mileage 560s in the 1990s thinking they would appreciate over time. They haven't. This is neither a desirable version nor a low-mileage one, so you do the math.
Like I say, if you have a burning desire to have a coupe version of the 107, this might make some sense. I'd guess there are better versions available for less if you look.
"Don't pick a fight with an old man. If he is too old to fight, he'll just kill you."--John Steinbeck