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USED European Luxury Cars (pre 1990)
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Comments
As far as popularity speaking loudest,this might be another case of "I want the biggest" And that is often not the best way to judge a car.
The V8 SLs, however, have a different price structure, which is the same as any used car. The older it is, the less it is worth, the newer, the more it is worth. This is exactly opposite of how a collectible car's value tiers work. So in the case of the V8 SLs, the older V8 SLs cars are a better deal since they look similar to the 560SL but for half the money or less. The 560SL is a lot better car, however.
But, contrary to Mr Shiftright, at least in San Diego, I'd expect to pay at least $10K for a really nice, low mileage car with few defects or signs of age, good compression and seals, etc. And I think the price difference would be money well spent.
The other point is that most people are unlikely to purchase a collectable and then use it as a daily driver.
The appeal of the SL V8s, that is, look rich for cheap, is offset by a very real fear of the expenses involved in fixing one. This is what keeps the price down, in fact, that many buyers are reluctant to take this risk. Just the engine alone is the price of the entire car. A professional rebuild on a 560SL engine will cost you $15,000.
What this means is that if you buy a $10K SL, and something terrible happens, you have to face the prospect of discarding the car entirely.
Nah, I don't think even a conversion to an American V8 would be economical. That's a hell of a lot of work.
What's a boy to do? Well, unless the SL is thoroughly tested with cylinder leakdown and unless service records are good, I'd run from any cheal SL I saw at auction or on Ebay, especially if it's in any way shabby. A cheap SL is the most expensive car you'll ever buy.
2009 BMW 335i, 2003 Corvette cnv. (RIP 2001 Jaguar XK8 cnv and 1985 MB 380SE [the best of the lot])
I have a saying, and I think that it pertains wells to the W123..W126...etc body cars.
"These were made back when the Engineeres at Mercedes-Benz designed the cars and all the accountants did was figure out how much to charge for them"
There's a reason that the employees atthe local MB dealer own a LOT of old 300Es and 560/420/300SELs...
Bill
Another question: anyone know much about 80s-early 90s BMWs? I was toying with the idea of a 325e/i or maybe a 528e for a cheap used car. Is this a bad idea?
The host here can probably help out a lot more on this one.......
300E body but flared wheel wells to accommodate larger wheels; also, battery is in trunk to accommodate shoehorned engine;
I think it had a Porsche-built engine, though the specs are similar to U.S. M-B S500 engine (5.0 liters, 322 hp), so I'm not sure;
a total of 10479 were built for all world markets, from 1991-95; they were only sold in the U.S. in 92-94 model years (called 500E except 1994 model year, then called E500). Their U.S. list price was $79,200 in 92 and $80,800 in 1994. Used prices seem to be all over the place; I checked AutoTrader.com, they were as cheap as $25k and as high as $55k (for a 92, the seller is fantasizing). I would imagine body and engine parts aren't too easy or cheap to come by, because they are unique to this model, and had low production figures.
Shift, please add anything I missed.
450SL---well, again, 160,000 miles is a hell of a lot of miles, so you want to hammer hard on the price, even if the inspection turns out well. The price of $7,500 is a realistic starting price however. I'd suggest a mandatory cylinder leakdown test and also dropping the transmission pan and seeing what's up. Having to overhaul either the engine or trans will bury you in the car financially.
The car was built as '92 - '94 models as a joint Mercedes-Porsche project (with Porsche input primarily on the suspension), being trucked back and forth between the MB and Porsche factories. For specs see:
http://www.mbusa.com/ and go to the model years under Starmark for the '94 E class to the 500E.
There is a large and very knowledgeable 500E enthusiast group under the "Hotrods" forum on this board:
http://www.mercedesshop.com/11
All in all, an exceptional car to own for luxury and performance -- the modern equivalent is the E55 AMG.
I've owned a 1992 Mercedes Benz 190E 2.6. I really love the car; it is in immaculate condition and no mechanical problems exist. The leather even seems new. But do you know how long I could expect a transmission to last on a car of this vintage, and also I am sort of concerned the A/C will break. Does anyone know how much it costs to get a new one?
Thanks
the Benz transmission should last a long long time if you service it regularly and drive diligently (no towing or spinning the tires excessively in snow). My 80 Benz transmission has over 200K on it.
The a/c, however, has been a different story. I don't know exactly what she's had replaced, but I know it's been fixed at least twice (probably compressor or evaporator, maybe condenser). She said it cost like $2k to fix. Drag.
I guess it's fairly likely MB made changes/improvements to the a/c system between 88 and 92, but these seem to be a frequent problem for older Mercedes.
German A/C----let's just face it. German a/c from the 1980s stinks. Okay, I said it, Now you know.
The car to buy is the 528i. I wouldn't have a 528e for more than $1,000 myself. It's as slow as a non-turbo diesel. But the "i" has a good heart. How much difference in HP between the two? About 121 HP for the e and about 170 for the i. You can imagine 121 hp in a big heavy car like that.
Its' a High-Torque, Low-Rev engine. Redline on a 528e is around 4800rpms. At 5,500rpms you start damaging valve springs!
The ones with the 4HP22 ZF Automatics are dogs, taking nearly 13 seconds to do 0-60. The 5-speeds arent too bad (0-60 in just under 10 secs.. not too bad for 121hp in 1982)
Now, you CAN make that motor fly... Swap a 325i head on it..etc..
Good:
A 5-speed with the cruise on 70-mph on flat land will average closer to 30-35mpg on 87 octane unleaded. 170 lb/ft of torque. With proper care, the low-rev engine also lasts a VERY long time.
Bad:
Timing belt every 60K, always "running out of revs" as soon as the engine stats coming alive, you have to upshift.
Suggestion:
Find a 533i 5-speed. A real stormer, just ditch the 390mm wheels or go to Avon CR28s and ditch those crappy TRXs.
Bill
So I'd be more apt to go with a 528i or 535i than try to get anything out of the 528e.
I'd also worry about cylinder head cracking on any of the old 6 cylinder cars.
Rough engine probably the lifters, which aerate pretty badly on that engine. Figure $2,000 to put it in good running order, and then we can work on the body!
Moreover,a base 5series is now $36,000,so I would think any fairly cherry 5,even an eta,would have more than minimal value.It would still be a tight car with a quality interior. So to dismiss it as a $1,000 beater seems wrong.It seems facile to just say"go for the 533".Of course that is a far more desireable(and expensive)BMW. But a 525e in really fine shape,with manual shift,would make a fun weekend car to tootle around town in.
Similarly,why are all old Audis getting a beating? Sure,the LS100,with things like its hard to repair inboard rear brakes is teoublesome. But the Fox? What did this car ever do to anyone? The press at the time was usually positive of them.They had a trim pleasingness to them.
I don't think every old car from Europe has to be a Ferrari Lusso to command some respect. I'd much rather have a Fox thah a Grenada!
I have nothing against the Fox at all.
The Audis, especially the 5000s, were just murderous to their owners. The car deserves little praise from a practical point of view despite a valiant attempt at innovative design. Its merits are academic, not "real world" IMO.
On the other hand I drove an A4 1.8T briefly and was impressed with how refined and well put together the car seemed to be. There was strong demand for this car almost to the end of its long run--I didn't see incentives (rebates, subsidized leases) on the car until just recently and that's remarkable.
1) Owner wants a car (especially fearsome cars, big BMW, big Audi) under warranty because of prospective repair bills....
2) Owner buys car new to get warranty
3) Owner sells car near end of warranty, which happens to be only 1/3 of the way or so thru the car's lifespan
4) Selling/trade-in price of car is low since no one wants to buy a potential bundle of troubles.
5) Owner gets nailed with outrageous depreciation rather than outrageous repair bills.
I think if you found a really nice one and kept on top of it, it could be an okay car. Some cars are hopeless, but I don't think early Jettas would be that bad. Problem is, by this time, most of the survivors are beaters, so it's hard to know what the car was like when new anymore. Who would be crazy enough to restore one and find out?
I think you'd have to be nuts to restore a Jetta I, they're not worth any money in great shape (MAYBE $3k if peeerrrrrfect).
Maybe the closest thing to a free lunch would be a subsidized lease, where the manufacturer sets an artificially high residual, but usually these leases are only offered with cars that aren't competitive in their list price range. It's a deal but not really--you pay less but you get less car.
Shoot! I just sold a PERFECT 528e for $2,950!
Bill