I don't have experience with MB, but I do have experience with BMW.
I wouldn't say run, but approach with caution.
I think they are good cars, but they are not right for everyone. If you need cheap transportation then run away.
If you enjoy working on your own car, the time and money you spend repairing it is worth it to you in exchange for driving a MB, then it might be a good buy.
Buy the best condition car possible. If you buy a neglected car, try to repair it, it will end up costing more than paying more for a well-maintained car in the first place, and will always be a worse than a well-maintained car. This applies to any brand of car, but with a MB or BMW you will get burned even more.
Get it inspected, which you did, and that's good.
Avoid first 2 or 3 years of a model.
Just as an example, I live in Canada and it looks like some of the early models of C-class, and S-class from those years have massive rust problems. It looks very comical.
Have a maintenance budget even if you plan to DIY repairs. I would say if you're paying $4k for the car. I would have another $4k budgeted for the repairs.
Originally Posted By: FutureDoc
The joke is that Mercedes was made like a Mercedes (old reputation) until they decided to make them like a Mercedes (new reputation).
It hasn't stopped them from selling cars. Although I've heard a lot of people say that they've improved, and that the cars from the Daimler-Chrysler days were the worst ones.
Originally Posted By: 97prizm
Here is an article from jalopnik that is really neat showing a guy who purchased a Mercedes S600 for almost nothing, but with work he has a $94,000 car for cheap.
Cheap Mercedes
I've seen that article before, and I think it's filled with half-truths and a few outright lies.
"I priced out the labor a local shop would charge to replace a rear air shock assembly, and instead of giving me a price that resembled my phone number, they told me $70, and it was done in a few hours."
Couple hours of labor is not $70. They would probably charge you $70 alone for just getting it on the lift, or $70 alone for hooking up the scan tool and leveling the air suspension after the replacement. Parts + markup + labour, I think you're looking at ~$1000, or more to do the rear air springs. Probably double that for the front ones.
He also sold the car right away. Drive it for a couple of years then come back and tell me it's cheap.