The W124 E300 Diesel may be common elsewhere, but with low mileage, they're worth over $100k in the States.
June 16, 2024 at 09:26
For automobile enthusiasts and investors alike, the W124 generation of the Mercedes-Benz E-Class is a goldmine. Known for its impeccable engineering, the W124 stands out as one of the most finely crafted cars in Mercedes-Benz’s storied history. Helmed by the renowned design director Bruno Sacco, the W124 features innovative design elements like a single-arm wiper for maximum windshield coverage and rear lights designed to remain visible even when caked in snow.
Astounding Sales: Crossing the $100k Barrier
The diesel variant, specifically the E300, has shocked the automotive community by fetching prices north of $100,000 in the U.S. One example, a 1995 model with just 8,400 miles on its odometer, recently sold for a staggering $101,000 on Bring A Trailer. What's even more jaw-dropping is that another low-mileage W124 E300 Diesel sold for an eye-watering $152,607 last year. These figures are not just anomalies but indicate a trend that collectors and investors are keenly watching.
Why the Hype? The Mechanics and Reliability Factor
Under the hood, the W124 E300 Diesel houses the OM606 straight-six engine—an embodiment of reliability and durability. While it may not boast staggering horsepower, it is known for its endurance and capability to clock high mileage effortlessly. The sheer rarity of low-mileage E300 diesels adds an exclusivity factor that drives up their value among collectors. With an engineering legacy and proven longevity, these cars are more than just status symbols; they are practical investments.
Competing with Legends
Interestingly, these price tags make W124 E300 Diesels more expensive than even the illustrious, Porsche-built Mercedes-Benz E500. A 1994 E500 with 23,000 miles sold for the same amount as the 8,400-mile E300 Diesel earlier this year. Considering the E500’s rarity and Porsche engineering, one would expect it to command the higher price. However, the unexpected market demand for the E300 Diesel has turned the tables, making them hot commodities in the luxury car segment.
The Collector's Perspective: A Worthy Investment?
The soaring prices beg the question: Are low-mileage W124 E300 Diesels worth their hefty price tags, or has the market reached a tipping point of madness? Collectors argue that these cars are not just vehicles but rolling pieces of engineering history. Given their durability, elegance, and the growing scarcity of well-preserved examples, the price points may well be justified in a high-demand market.
Before you chalk it up to market hysteria, consider the fact that these vehicles offer a blend of reliability, functionality, and historical value. Low-mileage W124s are becoming a rare breed, making them analogous to hidden gems in the collectible car market.