I'd not pay more than $2800 for it...and make ABSOLUTELY SURE you test reverse both when the engine/drivetrain is cold AND hot. If it takes a long time to go into reverse, it needs a transmission.
Don't ask how I know... As it stands, I'm going to drive mine until transmission failure, then I'll fix it.
Now that I've driven my E320 for about a thousand miles, I have to say part of me likes it better than the 126 it replaced. It handles remarkably well for a car of it's size and 'cushiness'. The 126 was very land-yacht like, which I like, but there were times I wished it weren't quite as large.
This comes from someone who is a lifelong and die hard land-yacht lover/owner.
Like most here, I consider the 123, 124, and 126 to be about middle-aged when they get to 170K-200K miles. Honestly, the both the 126 I had and the 124 I currently have are both more solid than the only new car I've owned, when said car was three months old.
Early w210s like the green one pictured have to be inspected for spring perch failures. Read more about that in the w210 forum.
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