I've recently taken a real liking to these 80's uber Mercs, there's just something solid and cool about them that I can't really describe, does anyone on here have one? and could give me some advice on what their like to live with, not everyday it would probably be a second car but would get a fair bit of use, is there any weak points on them?, and realisticaly what kind of MPG should I expect?, bearing in mind I used to have a Range Rover so I'm no stranger to high fuel bills!!, currently got a CLK 230K.
Hi Oli,
I share your thinking and recently bought myself a 300SE for only £1300 as a car for general use as it was feeling criminal using the M5 for short commutes and to pick up shopping.
Whilst my 300 is clearly not the monster V8 you're looking for, I was happy to buy any W126 providing it met my cost and condition criteria, namely the bodywork had to be sound (free from rust in the usual places) and there had to evidence that no mechanical woes were imminent. I was lucky enough to find this at a TVR/Noble dealership 6 miles from where I live so that was a real bonus.
Due to the high numbers of these cars being scrapped there are heaps of second hand parts flying around. Type W126 into an eBay search and you'll see all manner of replacement parts available, from interior bits to indicator lamps to fuel pumps, you name it. If you're mechanically minded and have the facilities I've heard they are quite straightforward to work on as well.
Despite my W126 being far from mint, everything important still works. The heated electic seats work, the sunroof retracts, the aerial slides up and down, the steering column slides back and forth on its electric motor and even the (I'm guessing) R12 air conditioning still blows cold. These cars are built well.
I'm running mine as essentially a runabout (no doubt to the annoyance of some) and have no plans to restore it a factory fresh state, though I am doing small cheap repairs where I can. My leather repair kit for the hole in the driver's seat bolster arrived yesterday so I'll tackle that this weekend, and I'm scanning the classifieds for a replacement steering wheel.
A full on restoration including respray and replacement of dodgy parts (my driver's door has rust on it) might cost a few £K, but considering the car's innate prestige could arguably be worth it, though you'd probably be unlikely to see that value back come resale - it would just be for your benefit.
In short, due to the ease of doing things and the cheap prices of parts, I don't see why running a W126 long term should cost any more than your CLK, especially since functional W126s have pretty much finished depreciating.
The member here IanAlexander2 may still have a 420SE for sale, and his is in very good condition.
A few pictures of my badboy.
With regard to the bits you mentioned, I've seen air conditioning specialists quote figures of around £150 for changing from R12 to R134a. This seems pretty cheap so is something I may do if the car is running well.
Economy is clearly not great. I'm seeing around late teens MPG, and I'd expect a 500/560 to be in the early to mid teens. Still, if you're used to a Range Rover you'll find this good.
Oh, and the fuel tank is massive, from empty mine swallowed £80 worth of V Power, more than my BMW!
Good luck with your decision.
By the way MPG, your 500SE looks fantastic.