Date registered: Aug 2009
Vehicle: '72 250C, '74 280C, '85 500SEL, '81 300CD.
Location: Tucson, Az.
Mentioned: 2 Post(s)
Quoted: 49 Post(s)
I wouldn't be too hard about the "low-ball" offer amount. This isn't exactly a collector's car such as an SL or anything. When/if it is restored it'll be a "cute", under-powered, slow cruiser with very little comfort options. Nice to take Ma to church, shopping or Saturday night cruising but not really up to the speeds common on the highways.
To restore it is going to cost a minimum of $3K for bodywork and paint. Add in 200 man-hours of labor (yes, THAT much), toss in some tires, who knows how much in engine costs, possible drive train work, brakes, suspension work, well, you get the idea.
You say you have "project" cars. Do you pay top dollar for any project you take on?
This car will be a lot of work and an investment loss.
It is probably worth more pieced out than as a complete project. I'd say, price it at $5K and let them beat you down to about $3K. Don't be surprised if you end up at the "low-ball" amount.