An awesome Ironside E Cab!

[mercboiuk]

Charles Ironside currently has an N-reg E320 Cabriolet for sale with an astonishing 1 owner and 5,800 miles on the clock!

He's attempting to sell it for an equally astonishing £39,950! YES FORTY GRAND!
No electric seats or heated seats either.
It's still an amazing example, that I fear will be bought and never used!

E320 Cabriolet

Darren

 

[EDZ649]

Wonder how much he paid for it and what ridiculous mark-up he put on?

 

[Will]

Nice car.

I guess as is always the case with a collectable/rare car such as this - find me a better one for less!

Someone will buy it

Will

 

[The G.F.P]

is crack now free on the NHS ?

 

[mattc]

What a waste of money for the original owner! Why buy something that nice and then just leave it parked up somewhere (albeit a rather nice somewhere one has to suspect) for 13 years? Its probably not actually seen more than 100 days of use - madness!

 

[Will]

I'm not certain that I agree.

What were these cars new, £50k ish?

Not bad depreciation for 13 years, regardless of how little it's been used. ~ £1k a year!

Perhaps the owner was wealthy (probable if he bought it new from Mercedes), had several cars (quite likely) and only used it occasionally on sunny weekends/bank holidays etc (maybe every couple of weeks in the summer months)

You still get enjoyment from owning a car even if you don't use it much. Each to their own and all that.

I've used my (tatty) 300TE estate much more this year than my 190E, and I don't use either of those on a daily basis. Just circumstantial I guess.

It's a hell of a lot of money for a 124. If you're rich and want the best you'll just have to pay for it!

I still bet it sells

Will

 

[Seamster15]

Bentley GT Money!

 

[KillerHERTZ]

So if you spent £40k on this, drove 10mins down the road until some berk in a 1.1 F-reg Escort drives into the back of you writing the car off, wouldnt the insurance company only offer you the list price of about £2k? even if you had insurance it for £40k?

 

[Will]

So if you spent £40k on this, drove 10mins down the road until some berk in a 1.1 F-reg Escort drives into the park of you writing the car off, wouldnt the insurance company only offer you the list price of about £2k? even if you had insurance it for £40k?

Hmm - slightly tricky one there Karl.

Many technicalities to consider, but a few points:

1) I believe that if your vehicle is damaged as a result of actions of a TP, their insurance company are liable to compensate you and put you/your car back into the position it would have been in prior to the incident. Only difficult because of this particular car's rarity/value, but I suspect they'd not have fun trying to sort this out... I don't think they can just force you to accept a write-off and a low settlement, can't you contest this and force them to repair under certain circumstances?

2) If you have the vehicle comprehensively insured, with an 'agreed valuation', you may be able to claim the full amount of this sum from your own insurance policy, whilst your insurers argue the toss with the TP.

It's fair to say that a car such as this would/should not be valued upon a trade guide alone.

Will

 

[w124nut]

Identical spec to mine except that my cabriolet has completed 82,000 miles and the wheels could do with a refurbishment!

 

[A210AMG]

Crazy money I cannot see that ever being a 'true' classic such as a pagoda top?

In any case anyone buying it would have to just store it again for years as if they used it the millage would mean the car would loses thousands.


I like the cars but really honestly cannot see anyone parting with 40K for it.

 

[vijilants]

So if you spent £40k on this, drove 10mins down the road until some berk in a 1.1 F-reg Escort drives into the back of you writing the car off, wouldnt the insurance company only offer you the list price of about £2k? even if you had insurance it for £40k?

When you get a classic car insurance policy on the car you have to get it valued, usually by the owners's club and that is the figure that the car is insured for.

So if the car is written off, that is what you get for the car and not book price, no arguments about value of car.

 

[Ade B]

Drive it 20 miles, watch the arm rest piping disintegrate before your eyes.

Ade

 

[bolide]

I predict it'll be sold before the end of next week. Try and find a 4-seat cabrio that's better built for less money!

Nick Froome
*****************

 

[Dee-124CAB]

It makes the The Boss's green one seem like high mileage....

 

[Niks]

If I had that sort of money to buy a 124, I'd import a E500 limited from Japan!!!

 

[Dieselman]

It makes the The Boss's green one seem like high mileage....

Which is why I'll only offer him £5k for it...

 

[MD5]

So if you spent £40k on this, drove 10mins down the road until some berk in a 1.1 F-reg Escort drives into the back of you writing the car off, wouldnt the insurance company only offer you the list price of about £2k? even if you had insurance it for £40k?

This scenario demonstrates the importance of getting an agreed valuation policy in place and confirmed, before you pick the car up. It can take about a week to get an official valuation to an insurer, and I'm sure they would try to wriggle out of an agreed valuation claim if everything wasn't on their desk at the time.

The 124s are already highly regarded and there were only 1400 or so cabs sold in their various forms in the UK, so these cars are on the threshold of becoming classics. Even so, I think this price tag is ahead of its time, unless perhaps it was an AMG, but as mentioned here and elsewhere, what could you actually do with it?

 

[Dave Lewis]

... as mentioned here and elsewhere, what could you actually do with it?

Drive it?
I'm with Bolide on this; a virtually new, rare, elegant, well-built full 4-seater cabriolet for that money is almost a bargain. Used daily, and serviced properly, it'll probably last another 20 years or so. If it does (and we know they can if looked after), that's £2k a year depreciation.
The fact that it's an old design won't matter to many out there. I bet it doesn't hang around for long.

 

[popuptoaster]

Low mialge cars a re a nightmare to own, things like seals and bushes will perish, as can tyres, electric contacts can corrode and as soon as you start putting milage on it you lose the value and the reason you bought it, so you end up not using it and making the problems worse, better to buy a cheaper higher milage one you can use unless you really think that car rare enough to be a collectors piece.