'69, 280SL Auto. Bought in 2010, gift to my wife for surviving 20 years of marriage to me. We put maybe 6k mi on it, and last year paid a seasoned Benz mechanic $5k to go over the drivetrain and mechanicals. Engine and subframe mounts, front seal, and other stuff. It was running wonderfully. Was.
A few weeks back, my wife was driving it behind me in my my '57 VW to a German car day event. I just happened to be looking in the rear view on the highway when I saw a puff of white smoke, then a huge cloud of white smoke that enveloped the car, She pulled it over quickly. It didn't seem overheated, but wouldn't turn over. Nothing leaking from it. Luckily we were 2 exits and 10 mins from our mechanic. A AAA call and flatbed ride away, and the keys were dropped in the slot and we went to the event in my trusty VW.
Call today from the shop, worst possible scenario. Engine blown, connecting rod broken on one cyl, ball bearings in the oil pan, time for a new engine they say. Quote is $18k-$20k, assuming full core charge returned.
Lots to think about.
So my analysis, given what I know I have in the car now, and what I *think* it is worth with a blown engine, and with a new one, is this:
Dump it with blown engine to what ever the market will pay. My guess is that I'll lose $10k-$15k, but will still have, of course the 7 years of enjoyment.
Have a new engine installed and I will have a 280 with a brandy new engine, worth more than it was before it imploded, and I can sell it, and probably break even (again, my guess). Or close. Or, keep it, have the (happy) wife keep driving it, and it will probably increase in value to some degree.
Simple math makes it a no brainer for me, but I want to get opinions here. And yes, I know this is over simplified and there are LOTS of other questions to be asked, not the least of which is what is the condition of the rest of the car. I will not divulge what I have in it at this point.
It was restored in the 80s, and presents very well. Near flawless paint. Interior I'd say is a 8.5/10, showing some sun fading but no real wear. Transmission leaks fluid but shifts well. We have the original hard top. Some rust staining showing underneath at seams/pinch welds but nothing else. Owner history since new is documented. Once owned by CEO of Staples.
So, the questions I have are:
What is a '69 280SL, solid body and usable tranny and other mechanicals, but with a blown engine, worth?
What is the ballpark range for a '69 280SL Auto, with a brand new engine installed by a highly competent Benz mechanic (trust me on that), that otherwise is a 8-9/10 car? Shop quoted $14k for the rebuilt engine by itself. Sound right?? Again, I know more details are needed, but I have been watching ads/sales over the last 5 or so years an have my opinions. Yours?? Recent sales?
Thanks in advance for any insights, can post other pics later.