Valuing High Mile Car - Mercedes-Benz Forum

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post #1 of 18 (permalink) Old 01-30-2014, 04:28 PM Thread Starter
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Valuing High Mile Car

Hi All,

I am a newbie here but have recently spotted an 73' SLC that I would like to acquire. The car has had one owner since new and is in extremely good condition for it age. Nearly all original except for a new radio and custom alarm.

and now my concern... The car has over 300,000 miles on it... Is this to much to even consider buying? How should I go about pricing it accordingly for an offer? It seems with that high of miles it will be a very tough resell later(although I don't intend to, stuff does happen).

Thank you for your input
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post #2 of 18 (permalink) Old 01-30-2014, 08:49 PM
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You have looked at the car and found it to be in very stout shape and needs nothing? There is all the paperwork since new, with repair records? The engine was rebuilt in the past 50k miles? Paint is very good and interior needs nothing? What about rust?

Depending upon condition, a reasonably good looking, no troubles, drivable car with that many miles, that has not been rebuilt is around $2k, tops. Scrap yards sell them for about $1300 in running shape, but you will expect to put at least $6k into making it safe enough to want to drive.

If you plan on doing the restoration yourself, you will save some cash.

Clay

74 450SL - Froggy
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post #3 of 18 (permalink) Old 01-30-2014, 08:57 PM Thread Starter
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Originally Posted by redghost View Post
You have looked at the car and found it to be in very stout shape and needs nothing? There is all the paperwork since new, with repair records? The engine was rebuilt in the past 50k miles? Paint is very good and interior needs nothing? What about rust?

Depending upon condition, a reasonably good looking, no troubles, drivable car with that many miles, that has not been rebuilt is around $2k, tops. Scrap yards sell them for about $1300 in running shape, but you will expect to put at least $6k into making it safe enough to want to drive.

If you plan on doing the restoration yourself, you will save some cash.
Thank you for this info. Here are a few more specifics:

Engine and transmission rebuilt with 20k new miles on it since(320,000 total on the car)
Interior- 7 out of 10(highest value here being exception, show quality)
Records - some but not all
Rust - none know
Paint - 7 out of 10

Based on this information, what would be a reasonable price to pay?
Thanks!
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post #4 of 18 (permalink) Old 01-31-2014, 06:14 AM
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This may or may not be a good car. Do your homework on what other work you may need to do after purchasing. How is the suspension parts, all the rubber door seal, underhood rubber parts, soft top, check carefully for know rust areas, ect.

Well maintained MB's can easily do 300K and still be in good shape. Is this the model you have always wanted or just an opportunity that popped up? Compare this car to others to see if there is value there.

post some picts for us.
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post #5 of 18 (permalink) Old 01-31-2014, 08:56 AM
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you need to look at receipts on engine and trans rebuilt to see if it was a patch up job or a real job .a proper engine job done pro would be around 8 k , a descent trans job 2.5 k , so do the math .at 300 k miles , the front suspension bushings / ball joints cant be that great .
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post #6 of 18 (permalink) Old 01-31-2014, 09:29 AM
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I am not afraid of high mileage mercedes of this vintage. I have had several 4.5 liter cars and all have had well over 200,000 on the clock.

At 40+ years old, I don't think it matters if it has 10,000 miles or 300,000 on the car, the rubber goods in the suspension are either worn out or rotted out. Same with door seals etc.. I think rust is your biggest enemy with this car. There is no such thing as surface rust on an old benz. Surface rust is just a symptom of subsurface rot.

It would be good to know what they did to the engine/transmission.

My 280SEL 4.5 is my daily driver. I don't plan to sell it. I have made it my own based on what I like/wanted. I don't think you can buy one of these cars with the intention of restoring selling and getting your money back. Especially at 300,000 miles.

If it looks good and is what you want, get it. I personally prefer the 73 models.Hard to put a price on it without seeing it, but I think I would limit my price to about $5k unless records show a total rebuild an it is in excellent condition.
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post #7 of 18 (permalink) Old 01-31-2014, 09:59 AM
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Originally Posted by TZ_280SEL View Post
I am not afraid of high mileage mercedes of this vintage. I have had several 4.5 liter cars and all have had well over 200,000 on the clock.

At 40+ years old, I don't think it matters if it has 10,000 miles or 300,000 on the car, the rubber goods in the suspension are either worn out or rotted out. Same with door seals etc.. I think rust is your biggest enemy with this car. There is no such thing as surface rust on an old benz. Surface rust is just a symptom of subsurface rot.

It would be good to know what they did to the engine/transmission.

My 280SEL 4.5 is my daily driver. I don't plan to sell it. I have made it my own based on what I like/wanted. I don't think you can buy one of these cars with the intention of restoring selling and getting your money back. Especially at 300,000 miles.

If it looks good and is what you want, get it. I personally prefer the 73 models.Hard to put a price on it without seeing it, but I think I would limit my price to about $5k unless records show a total rebuild an it is in excellent condition.

to me it sounds like you've done your research and doesn't bother you the hih mileage.


IF I were to look for one of these cars i would want the lowest possible mileage with the condition to match it.
these cars are not rare, tons of them everywhere so if I have to give an advise i would say skip it and find another one.
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post #8 of 18 (permalink) Old 01-31-2014, 10:45 AM
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Originally Posted by kavadarci View Post
to me it sounds like you've done your research and doesn't bother you the hih mileage.


IF I were to look for one of these cars i would want the lowest possible mileage with the condition to match it.
these cars are not rare, tons of them everywhere so if I have to give an advise i would say skip it and find another one.
Really, tons of '73 450SLC's...? Where are they all then?


1973 Mercedes 450SLC (PineGreen/MahoganyLeather)
1981 Mercedes 380SL FORSALE (LtIvory/PalominoMBTex)
1984 Mercedes 500SEC Euro (040Black/BlackLeather)
1992 Mercedes 300SL-24 Signal Red/Black Leather
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post #9 of 18 (permalink) Old 01-31-2014, 12:17 PM
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63000 were made
Not exactly rare


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post #10 of 18 (permalink) Old 01-31-2014, 01:12 PM
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Yes there were almost 63,000 SLCs made total for worldwide markets. Of those, only 31,000 450 SLCs were made. Of that, only 9,344 were made for worldwide markets in 1973. In my opinion, that is the most desirable year because of smaller bumpers.

That said, if the car is in great condition and rust free, then I don't worry about mileage. I would take a 300,000 mile clean well maintained car over a 100,000 rusty POS any day.
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