Advice Regarding Mercedes Benz Purchase

Asked by Franklin Aug 30, 2018 at 10:07 AM about the 1992 Mercedes-Benz SL-Class 500SL

Question type: Shopping & Pricing

Hello,

I am looking for a nice but cheap winter car for
college. I found a 1992 Mercedes Benz 500 SL v8
Convertible. It is in very good cosmetic condition
and has nothing wrong with it. It has been in a
mechanics possesion it’s whole life and has
143,000 miles on it. Are there any known problems
with these cars? I only ask because it is $3100 and
that seems a bit cheap to me.

Thanks,

Franklin

2 Answers

Take out a student loan for 20 grand for car repairs!

3 people found this helpful.
130

You seem to be placing the desire for status (or the illusion of staus) over the NEED for an inexpensive but reliable form of transportation. You are going to college, so you should be making smart(er) decisions. (You want a winter vehicle so your first choice is a convertible??) Have you wondered why a mechanic would suddenly want to get $3100 for a 1992 Mercedes with "no problems" for 26 years?? I'm not sure about the 1992s, but doesn't an oil change alone for a new(er) model cost around $500? I'd guess that the 1992 Mercedes has a "drinking problem" with fuel consumption. Your gasoline costs could be two or three times the amount that you'd spend on a more efficient car like a Honda or Toyota that someone above suggested. Depending on your commute, can you swing around $100 per month for gasoline instead of $30-40? Be realistic, rational, and practical! Think outside of the classroom (and the college parking lot)! In general, college students are poor. An old Mercedes doesn't make a college student rich any more than a Corvette makes a 60-year-old man young. Happy shopping... for a "non-Mercedes" from the 21st century!

1 people found this helpful.

Your Answer:

SL-Class

Looking for a Used SL-Class in your area?

CarGurus has 129 nationwide SL-Class listings starting at $9,900.

Postal Code:

CarGurus Experts

  • #1
    bobkat
    Reputation
    2,720
  • #2
    Michael Kane
    Reputation
    700
  • #2
    twhobie
    Reputation
    700
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Porsche 911
10 Great Deals out of 331 listings starting at $20,988
Used Chevrolet Corvette
36 Great Deals out of 992 listings starting at $19,500
Used Mercedes-Benz C-Class
81 Great Deals out of 1,429 listings starting at $3,499
Used Mercedes-Benz G-Class
7 Great Deals out of 166 listings starting at $34,800
Used BMW 7 Series
7 Great Deals out of 115 listings starting at $5,995

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.