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SOLD Mrs. GSXR's 1992 500E, Smoke Silver / Cream-Beige, 179kmi, $24k/$29k (Boise, ID)

gsxr

.036 Hoonigan™, E500E Boffin, @DITOG
Staff member
We bought this in 2009 with 162kmi, and it was used often (in nice weather) through about 2015, and it's been in storage since then. I finally got a RoundTuit™ and have it mostly ready for sale. For the past ~6 years it's been sitting inside under a cover with a battery maintainer, coming out annually for some exercise and emissions testing. Why are we selling? Well, we have several other E500E's plus a number of 034's and other 124's, and are trying to thin the fleet. This one is ready for sale, nothing else is. Owner thread located here.

THIS CAR IS NOT FULLY RESTORED, IS NOT MINT, NOR A CREAM PUFF.

With that out of the way: The previous owner invested ~$14k in a major refresh of the engine & suspension, and I'd estimate the car is >90% mechanically excellent. See the list below with the major work done. I have an additional ~$8k in repairs & upgrades, not including a few hundred hours labor over the past 12 years. I need to clean up the service record spreadsheet, convert to PDF, and get that uploaded. Paper records are included from roughly 2000-up.


The Bad Stuff:
  • The clearcoat is failing on several panels. The roof is the worst, with two areas about 4" square that have visible clearcoat fade, plus one long scratch that I can't remember how it happened. The left rear door has clearcoat fading on the top edge. The hood has some clearcoat anomalies as well but isn't as bad as the roof or door. The rest of the paint is ok, but has quite a few small chips all over. I'm sure it had paint work in the past but have no records or details as to when or why. Looks great from 10 feet or more. Edit - I'll try to add photos of the clearcoat issues. Please, if you want a car with perfect paint, buy one from Dean for $50k. This is not the car for you.

  • The transmission has a ~1.5 second delay engaging reverse. It shifts beautifully and has been running Red Line High Temp ATF. There is a minor leak somewhere at the rear which I haven't been able to pinpoint. When parked for a week it doesn't drip, but the rear mount area is visibly damp. I would recommend having the transmission rebuilt, or at least re-sealed along with the reverse clutches replaced (advanced DIY'able if you have the time). Why don't I do it? Several reasons: First, I don't have time right now. Second, if I reseal/repair and there are issues post-sale, I'm on the hook for whatever I screwed up. Third, if I install a rebuilt from Sun Valley, the 2-year warranty clock starts when I receive the transmission, not when the buyer receives the car... and I'm on the hook for whatever I screw up with the installation. I'd prefer the new owner take care of the transmission so the warranty is in their name without me in the middle. If I had more time, I'd have done it, and racked up some miles to verify it was all kosher. Again, the transmission is not shot, it just has a small leak and the moderate reverse engagement delay indicates it will be due for work relatively soon. This is more of a full-disclosure item and I don't want to gloss over the issue, as it's the second-largest expected repair cost after the paint. Edit: The transmission is the original, numbers-matching serial number as shown on the datacard. I do not know if it has been rebuilt in the past. Many 036's get exchange transmissions and the serials no longer match the datacard. Not a big deal, just useless trivia, but kinda neat that it has the original. Several of my other cars have replacement transmissions and the serials no longer match the datacard.

  • The P-Zero tires have good tread depth (~8/32 front, ~6/32 rear) but are old (date codes 2014 2008 front, 2010 2012 rear), and the 18" staggered wheels have paint imperfections. I assume most owners will want to install their favorite wheels/tyres anyway. I have new Maxilite Evo replicas available with new BFG tires, and AMG 19" staggered wheels with new Pilot Sport 4S, either set is available at extra cost.


The Good Stuff:

Restoration work (mostly within past 30kmi):
• New upper engine wiring harness, ETA rebuilt by BBA Reman​
• New timing chain, guide rails, water pump, belt​
• New head gaskets, cylinder head rebuild, engine mounts (photos available of engine work)​
• New steering components: drag link, tie rods, idler arm kit​
• New front suspension components: LCA's, struts, mounts, buffers, boots, hardware​
• New rear suspension: complete subframe rebuild, all new mounts/links/bushings​
• New dealer-installed AC compressor, drier, expansion valve, blows ice cold​
• New HVAC vacuum pods (dash removed, all replaced & working)​
• New coolant hoses, coolant tank, sensors, windshield washer bottle​
• New fuel pumps & hoses, fuel pressure regulator (FPR), oxygen (O2) sensor​
• New Genuine Mercedes door mirror boots​
• New power steering hoses, re-sealed steering box​
• New ignition coils, caps, rotors, insulators, F8DC4 plugs, Beru/Kingsborne wire set​
• New air intake ZoomTubes™​
• New NSS (neutral safety switch, now NLA)​
• New fog lights with Lamin-X film​
• New headlight plastic "doors" on the USA headlights​
• New 500E trunk badge (Genuine Mercedes, now NLA)​
• OE Sachs fan clutch calibrated & working correctly​
Interior & Body Modifications:
•Factory pedal covers from newer Mercedes AMG models​
•S600 style grille (aftermarket, stock grille available)​
•Becker Traffic Pro head unit, Boston Acoustics rear speakers​
•Alpine PDX-5 power amplifier​
•150A Mercedes/Bosch alternator​
•Dynamat Xtreme in doors, trunk, and under rear seat​
Chassis & Powertrain Modifications:
•Brake upgrade front & rear (stock brakes available)​
•Quaife ATB limited-slip differential with 2.65 gears (stock diff available)​
Deerfield Precision stainless braided brake hoses (formerly known as WRXtra)​
•RDM TEK rear camber correction kit​
•OE tie rod eccentrics for rear toe correction​
•Modified EPROM to increase rev limit & eliminate top speed governor​
•JetHot coated exhaust manifolds​
•ASR (traction control) defeat switch​
•AMG 18" staggered 5-spoke wheels (also have Maxilite Evo replicas and 19" AMG staggered wheels, both available at extra cost)​


The interior is very good, I'd say above average for the miles, but it is also not mint. There is moderate wear on the driver seat bolster. The console woods all have cracks in the clearcoat. The instrument cluster is in excellent shape with orange needles (not repainted) and no visible fade or DDD. Everything works, including all power windows, sunroof, etc. The rear roller blind has the infamous clicking and I never used it, and I removed the switch and installed the ASR defeat switch in that position. The roller blind switch/wiring is in place behind the panel and can be re-installed if an extra hole is cut in the wood. Headliner is not sagging. There is no rust anywhere on the body, but there is some surface corrosion on a few fasteners or brackets underneath. All fluids/filters/maintenance is up to date. In the past few weeks it received Red Line engine oil change, fresh Zerex G-05 antifreeze, and a new fuel filter. Brake fluid will be flushed prior to sale.

Photos below are quick pics. It's been below freezing here in Spudville and I can't wash the car in these temps. When it warms up (late Feb, early March) I can wash it and get a full batch of pictures, along with walkaround and driving videos. Edit - no extra charge if you want the rubber buildup left behind the rear tires, for street cred / interesting discussions at the local Cars & Coffee. Otherwise I can clean it off prior to delivery, result would be similar to pics in the Owner thread.

It currently has Silver Arrow (SA) brakes installed which require 17" or larger wheels, and a Quaife 2.65 limited-slip differential. I'd prefer to sell the car with these upgrades installed, at a slightly higher price. Y'all know what it costs to do the SA or LSD upgrades, my price will be less than it would cost to add those to a different 500E. :) Also, I have new-in-box front seat leathers available from G.A.T. if you would like to have the seats recovered. Send me a PM if you are interested in the car with SA brakes, Quaife, leathers, or different wheels/tires and we can discuss pricing for your desired combination. I don't want to figure out a price for every permutation possible.

Recent AutoCheck report attached. PPI's welcomed at any shop in the Boise area, at buyer's expense.
Edit: $24k with stock brakes, stock diff, 18" wheels. ~$29.5k "fully loaded" with SA brakes, Quaife LSD, Maxilite Evo replicas, and new seat leather covers.

*** SOLD ***


Note: If you want to spend <$20k for a 500E, this isn't the car for you. Yes, I know it needs paint and transmission work, but it doesn't need much else. Wrecked salvage cars have been recently documented as selling for upper teens with no history and easily >$10k in needs. This car runs & drives like a 500E should. <$20k cars will not.
 

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That’s a great car for the money as far as I’m concerned. Someone will try to flip it for $50k but it’s easily worth more than @gsxr is asking on any planet. Plus you can just keep it and drive it and maintain it to a high standard — it’ll always be worth whatever you spend on it.

maw
 
Oh this is so tempting but I'm pretty certain my wife would kill me if I got another old Mercedes... even one that's this much of a smoking deal.
 
I've had a number of questions about the paint condition. While the car was out in bright sunlight yesterday for some videos (see below), I found the roof and hood clearcoat are both worse than I remembered, and have multiple areas of clearcoat failure. Both definitely need to be resprayed, along with the top edge of the one rear door. Most of the vertical panels (fenders/doors/bumpers) are pretty good for 30 years / 180kmi, other than the several dings/chips as mentioned previously. The front bumper was replaced with new in 2008, and it had clear protection film applied to the lower half only. There are chips in the painted impact strip, but the lower half is fine.

As to repainting the entire car, it depends on your intended use, and budget. For a daily or frequent driver, I'd respray the roof/hood/door, have the chips filled, and drive it as-is. If you want it to look like new, it will need a complete respray. We were more concerned with mechanicals and the paint wasn't bad enough to bother us, which is why we left it alone for the past 12 years.



:3gears:
 
Dave. You sound pretty relaxed in that first video. I assumed you were aware the car was well into reserve fuel and OAT was 44 degrees. You have more bravado than me it seems.
 
I've had a number of questions about the paint condition. While the car was out in bright sunlight yesterday for some videos (see below), I found the roof and hood clearcoat are both worse than I remembered, and have multiple areas of clearcoat failure. Both definitely need to be resprayed, along with the top edge of the one rear door. Most of the vertical panels (fenders/doors/bumpers) are pretty good for 30 years / 180kmi, other than the several dings/chips as mentioned previously. The front bumper was replaced with new in 2008, and it had clear protection film applied to the lower half only. There are chips in the painted impact strip, but the lower half is fine.

As to repainting the entire car, it depends on your intended use, and budget. For a daily or frequent driver, I'd respray the roof/hood/door, have the chips filled, and drive it as-is. If you want it to look like new, it will need a complete respray. We were more concerned with mechanicals and the paint wasn't bad enough to bother us, which is why we left it alone for the past 12 years.



:3gears:
better video clip than 99.9% of any shown on BAT
 
Dave. You sound pretty relaxed in that first video. I assumed you were aware the car was well into reserve fuel and OAT was 44 degrees. You have more bravado than me it seems.

Sounds and runs beautifully but one more open throttle run he probably would have had to get out and push to nearest Gas Station :jono:
LOL! Forgot to mention, I reset the trip odometer when the reserve light came on, so I was only 8 miles into the 3.5-gallon reserve. There should be 45-50 miles of range on reserve. I've heard some transport companies require minimum fuel on board (not sure if true) so I've been keeping it under 1/4 tank. For a local pickup I'd fill the tank prior to delivery. I put in a few gallons shortly after the videos - all good now. :cool:

Trivia: When trying for the best times/speeds at the dragstrip, you want minimum fuel on board. This reduces weight by ~140 lbs vs a full tank. At the track, we routinely run all our cars well into reserve. The optimum level is when the reserve light comes on just as we arrive, giving us enough fuel for the day at the track, and then back to the gas station afterwards. A few times I've been entered in 2 classes and ended up going to late rounds in both, making me nervous about running out of gas either in semis or finals, or on the way home. Most recent time was in our beater 400E where I went to finals in two classes, and that car has the 70L tank with only 2.5 gallons of reserve, which had me sweating. Never have run out (yet)... phew!

:duck:
 
I've had a number of questions about the paint condition. While the car was out in bright sunlight yesterday for some videos (see below), I found the roof and hood clearcoat are both worse than I remembered, and have multiple areas of clearcoat failure. Both definitely need to be resprayed, along with the top edge of the one rear door. Most of the vertical panels (fenders/doors/bumpers) are pretty good for 30 years / 180kmi, other than the several dings/chips as mentioned previously. The front bumper was replaced with new in 2008, and it had clear protection film applied to the lower half only. There are chips in the painted impact strip, but the lower half is fine.

As to repainting the entire car, it depends on your intended use, and budget. For a daily or frequent driver, I'd respray the roof/hood/door, have the chips filled, and drive it as-is. If you want it to look like new, it will need a complete respray. We were more concerned with mechanicals and the paint wasn't bad enough to bother us, which is why we left it alone for the past 12 years.



:3gears:
 
Apologies to all for the slow replies to email/PM this past week, I've been busier than expected... day job went a bit crazy.

A sale is pending to a forum member, I'll update when it's completed.

UPDATE: Car is sold. Thanks to all for your interest & support!

:alky:
 
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Thanks Dave. Really nice car.

Just curious — What is the upside and downside of the Quaife 2.65 limited-slip differential?
 
Just curious — What is the upside and downside of the Quaife 2.65 limited-slip differential?
Upsides of the Quaife are better grip in low-traction situations (wet or dirty pavement, ice or snow), and it may help delay ASR engagement a bit. As a bonus, if you have an ASR defeat switch, it will allow hooning on demand. The taller 2.65 gears (stock is 2.82) will bump top speed up to ~170mph or so, and reduce freeway RPM's slightly. The only downside is a couple tenths slower to 60mph and few tenths slower in the 1/4 mile. It's a pretty minor difference, difficult to notice unless you compared it a stock 500E back to back.

:3gears:
 
Thanks Dave. That’s very interesting. By “hooning”, do you mean burnouts? Higher torque?
Burnouts, drifting, anything Ken Block might do, lol. Without LSD, typically only 1 rear wheel spins, when a tire loses grip. LSD makes both spin. Don't attempt any of this near ditches, trees, curbs, or other fixed objects.

:burnout:
 
Dave, congratulations on this sale! I'm in the midst of getting my own 1994 E500 ready to sell, trying to get pictures taken, description written, etc. Hopefully I'll have it ready to post here early next week and, if you don't mind, I'd like to follow your example in terms of format, etc. for the listing and pictures.
 
I saw a ricer the other day, front wheel drive with a whale-tail to hold the back end down. Some type of cherry bomb dual exhaust with a plate that said Hoonigan!
 
Hi everyone,

I am the guy who purchased Dave's car. It made it safely to Michigan about a week or so ago and I couldn't be happier. As you might expect, the condition of the car is exactly as represented and the only thing my Indy mechanic found was loose wheel bearings. However, Dave asked me to go back and have the mechanic check again because he is certain they are in spec. Dave even provided the technical info on how to check the bearings correctly!!

So, Mach5 is going to get a new trans, new paint, new interior wood, etc. to bring her up to snuff. I'm lucky to have an Indy shop where the owner owns a 500E himself, so the car is in great hands.

While its drag race days are probably over, it will get plenty of exercise on warm, summer Michigan days.

Will provide updates on the progress as it happens.

Eric

IMG_0728.JPG
 

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