'69 M/B 280 SL - Advise needed quick.

Discussion in 'Shiny Things' started by SRG, Oct 5, 2013.

  1. SRG

    SRG SRG

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    My dad has a '69 Mercedes Benz 280 SL. It runs and drives reasonably well, but has never been restored. Good body, no visible rust issues. OK older paint job (older = 25 years), seat covers, carpet and fabric top replaced 10 years ago. Engine run well, but smokes (needs rings/rebuild), transmission and clutch are good. Diff. is noisy, steering and suspension needs going through. Fuel system from tank to injectors good, shocks and tires are good. Heat/vent system in-op - levers broken/cables frozen.

    Dad has been talking about selling it and by chance I had it out the other day and a serious buyer offered me $17,500 for it. The buyer is coming tomorrow w/ cash. I can still back out - AM I MAKING A HUGE MISTAKE?
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  2. Tweaker

    Tweaker ...

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    #2
  3. SRG

    SRG SRG

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    I know - I've seen ads like those. Dad's car is not really like any of those. It runs and drives OK, but needs mucho $$$/work to be nice. That's never going to happen if it stays here - still, I don't know?
    #3
  4. 68deluxe

    68deluxe Long timer

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    Those prices seem high. There is one (1971 SL350) in Tucson on CL for $4K although it needs work.
    #4
  5. Speedo66

    Speedo66 Transient

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    1969 Pagoda style is totally different than a 350sl.

    That price seems low.
    #5
  6. SRG

    SRG SRG

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    The 350SL is a different car/newer body style. Not as desirable as the older "pagoda" cars.

    The more I think about it, the more undecided/unsure I am.

    This is making my head hurt.
    #6
  7. Hog Rider

    Hog Rider The Professor

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    I find the Hagerty valuation tool as a great indicator of what a car is worth.

    Sound like your car is a condition 4 car, some pictures would help...

    They range from $ 15,000 to $35,000 in value. I have attached the link to the report. I do not know if it will work or not.

    http://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vc=893122

    I am amazed how these cars have gone up in value in the last few years :eek1
    #7
  8. Pez

    Pez b00b

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    I was in a similar spot recently with my first car. A 1973 VW Bus. Not as fancy as yours but meant the world to me. It had a blown engine and needed work that I couldn't give it. So, I realized it was best to pass it along to someone who could afford to fix her up right and treat her the right way.

    So step back and think. The car needs all this work and will I be able to fix it and fix it right? If so when? Soon or maybe when your child is older or you pay off your new car or what have you. In the time it sits waiting for you to fix it, how much worse will it get?

    On the other hand, the potential buyer has almost 20k on hand so there's a good possibility he has more and will be able to fix it right and soon.

    Gotta figure out what is more important to you, hanging on to a object or letting the car be done right?

    By the way the VW Bus I sold has been fully restored and now lives in England :thumb
    #8
  9. SRG

    SRG SRG

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    Thanks Hog Rider. I hadn't seen that page/site. I think this car is at the lower end of "condition 4" - which means that $17.5k is not far off. Still, I don't feel good about it. I'm thinking I am going to put the buyer off (sorry dude), go riding tomorrow, and rethink/research the whole thing again next week.
    #9
  10. Venteuri

    Venteuri I don't give a shit

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  11. pirahna

    pirahna Long timer

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    Buy it yourself and store it until you can do a proper reconditioning of it. The value on these is only going to go up from now on.
    #11
  12. Lucifer Orange

    Lucifer Orange Been here awhile

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    I don't know how you feel about this, but the other factor to consider is that it's your Dad's car. Is he sentimentally attached to it, are you (at all)?

    If so, will you regret letting it leave the family, now or later? Some day, hopefully way way down the road, when your Dad is gone?

    I went through this with my Dad's old Triumph TR3. In the end I decided I could not let it leave the family. It's still in pieces, still in storage, waiting for the right time for me to restore it. It was my Dad's, and I will drive it with pride some day.

    Just sayin'
    #12
  13. SRG

    SRG SRG

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    I did some more looking and convinced myself that the $17,500 is close enough (to the car's real world value as it sits). Dad said sell it and I know that I would never get around to a proper restoration (or even have the mean$ to do). If it stayed here, it would just sit in the garage, only driven a couple of times a year.

    A very happy young man is taking it away today. My dad came over w/ the title and met the 280's new owner. They had a nice chat about the car and dad told him some stuff about the car that I didn't know or had forgotten.

    Sad to see it go. It's only a machine, but it's been part of the family for a long time.
    #13