Clean A124: 1994 Mercedes-Benz E320 Cabriolet – SOLD!

January 26, 2023, Update – We confirmed the seller of this “Classifind” deleted their listing, so we’re now able to call this one “SOLD!” While this one got away, please reach out either by email or call us directly if you’d like to be informed when we come across something similar.

If we have learned anything lately, the financial markets are unpredictable at best. In addition, they are not built for mere mortals. Many of us have been sold on a story: if you continue to invest, you’ll see many years of glorious returns. Is that really true anymore? Or perhaps we should use our money to invest in things that dependably go up, like Mercedes-Benz convertibles. It doesn’t matter which era it is, the best-of-the-best Benzes with folding roofs seem to do quite well over time. This A124-chassis 1994 E320 cabriolet originally listed in January 2023 on Craigslist in Los Angeles has a healthy 140K on the clock. However, its clean cosmetics suggest a life of weekend-only driving and indoor storage. The seller last asked $11,500 for the convertible, and comparing that price against the Classic.com model guide shows us that the seller is asking below the going rate of just over $17,000.

The W124 is obviously a future classic from the iconic early 90s Mercedes-Benz lineup. These were impressive cars, the kind that comes around once a generation has been left in production long enough that most of the bugs have effectively been worked out. The worst thing I’ve heard about Mercedes products from this era is the biodegradable engine harness that has left several otherwise sound vehicles on Road Dead when the cost to replace the whole harness may, in fact, exceed the value of the car. I’m not sure if the cabriolet models were affected by this issue but given how many still show up for sale with higher miles and in seemingly outstanding condition, I’m assuming it wasn’t as significant of a factor in determining whether owners would abandon their convertible at the mechanic’s shop. With rock-sold drivetrains otherwise and handsome looks that have aged incredibly well, there’s no shame in rolling up to the country club in a Mercedes convertible from the middle 90s.

The MotorWeek Retro Review YouTube Channel features this test drive of the 1993 Mercedes-Benz 3ooCE:

This E320 cabriolet stands out not only for its clean condition but also for the slightly unusual color scheme of silver on silver. Many of the E320s with see with disappearing roofs tend to be clad in red, green, or white paint; black follows closely behind. A silver A124 is generally hard to find, but particularly with two doors and a soft top. The seller’s car has been with the same owner for 27 years, a major selling point in and of itself. Tires, spark plugs, and brake pads are all new within the past year, though he does admit the power top has a slight fluid leak. It’s said to also be up to date on all other maintenance, and with such a lengthy ownership history, we tend to believe him. This car will not lose much – if any – value over the next several years, and like most classic Mercedes convertibles, we expect to see prices only go up from here. This is an excellent price for a nicely maintained example in great colors with reasonable miles.

Here’s the seller’s description:

“ForSale…
1994 Mercedes Benz E320 Cabriolet
only 140,700 miles
Super clean non smoker
same owner for 27years

Strong, reliable, 3.2 6-cyl great on gas.
Smooth shifting automatic transmission

Convertible top works, but does have a slight leak

new tires spark plugs, brake pads all within the last year
up-to-date on all of its maintenance

Original toolkit , owners manuals & Mercedes Benz, OEM car cover”

The W124 benchmark: has a Mercedes-Benz product eclipsed the reputation of the classic sedan and convertible model?