Should I buy a Mercedes?
I'm not really much of a car person, and
I'm new to this website. I'm about to return
to the world of car ownership after a 12-
year stint in NYC where cars are
superfluous. I'm looking at a 2004 ML500
with 174K miles on it for $3500. It has been
meticulously kept, and it is in wonderful
condition (though there is a minor leaky
gasket where the power steering
connects). I've never owned an MB before,
and I'm not in a financial situation where I
can buy a car for "fun." That said, this car
is comfortably within our price range.
I'm most concerned about price to own
issues. I've heard that these cars are safe
(it is for my wife and daughter) and that
they last a long time. Will this car pay me
back in longevity for what I have to put into
it for upkeep, premium gas, etc? The other
options in the area and price range seem
to be either late-90s to early-2000s
American SUVs with ~170K miles or Asian
SUVs (about the same age) with ~225K
Thoughts? Is it worth it? Do I not deserve
an MB (LOL)?
2 words...HELL NO!
A used MB will likely empty your bank account. Parts and maintenance prices are insane. Plus they have more than their share of problems.
After the initial $3500 purchase price, you can easily put in another couple hundred to get it up to snuff. That being said, any used car at the $3500 price point will need some level of work. I always say you should be looking at vehicles $5k and over if you plan on owning the vehicle for a few years.
Just pass on it, used European vehicles in that price range is a Turkey shoot, maybe you get a good one maybe you don't. I have only owned one European car in my life and I swore never again, and it was a Mercedes. If you want to watch something, there is a guy on You Tube that can tell you why not to buy one in more detail.
Good ol Scotty.
I have owned several MBs from sports to big sedan(presently'08 CLK Conv.) and I did not have any major problem with any of those. Unless you are willing to spend more than usual money on maintenance and want to have so called status, I recommend buying Hunday, Honda, Toyota or among luxury Acura in that order. But ck. CONSUMER REPORT for reliability before buying anything.
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