FOR SALE E500 valuation?

[BobC]

Does anyone know about either of these vehicles? Any known damage? One of our beloved E500s was deemed a total loss by our insurance carrier, and they came up with these (ridiculously low) valuations:

1994 Mercedes-benz 500 SeriesAutomatic W/long Wheelbase 8 5.0lGasolineVIN WDBGA51E0RA155480Dealership Hard Rock Motors LlcTelephone (305) 988-8835Source Dealer - Hollywood, FLComp

2 Updated Date: 02/13/20241994 Mercedes-benz 500 SeriesAutomatic W/long Wheelbase 8 5.0lGasolineVIN WDBGA51E3RA177778Dealership Stotts FordTelephone (828) 859-6627Source AutotraderStock # 91138Distance from Belvedere

 

[nmal]

Both of these are S500, not E500

 

[BobC]

Thank you, nmal! Does anyone know what comps are available for actual sales of 1994 E500s? As you may have seen from a previous post, one of our beloved 1994 E500s, the green one, with a little over 200k, caught fire and is now a total loss. Allstate, our insurance carrier, proposed a very low valuation, using as nmal notes above, S500 sales, not E500 sales. I am looking to provide Allstate with realistic comps for this vehicle. Thank you all in advance! (We still have our beautiful Anthracite one!)

 

[gsxr]

Bob, per your other forum thread, use Bring a Trailer sales history for 1994 E500 sales.

While you can supply Allstate with comps, they will rarely use anything you supply. Next option is escalating through their claims process and getting an independent appraisal for your car.

A rust-free, California-owned E500 with 200kmi should still be over $20k.

 

[ace10]

S500 <> E500

Tell them they need to do a better job. Be blunt.

 

[AMG5PT4]

Search for "mercedes 1994 e500"

Bring a Trailer Auctions is the best place to buy and sell vintage and classic vehicles - Porsche, BMW, Land Rover, and more.

bringatrailer.com

Click on each auction to see what the mileage of the car was and the date sold. Make up a listing in Excel and send to the mutts at Allstate

 

[ace10]

Search for "mercedes 1994 e500"

Bring a Trailer Auctions is the best place to buy and sell vintage and classic vehicles - Porsche, BMW, Land Rover, and more.

bringatrailer.com

Click on each auction to see what the mileage of the car was and the date sold. Make up a listing in Excel and send to the mutts at Allstate

And add 5% for the Buyer's fee, as that represent the full value paid for the vehicle.

 

[sheward]

These are all valid and serious points. Any insurance company should know by now what these cars are worth. It's no secret. There are the sales mentioned, magazine articles recently written, and this website which has been tracking values for more than a decade now. The car is insured, and you are deserving of the full value.

I'm sorry for the loss. Great that you have another.

 

[TerryA]

Unless one has an agreed value policy. You will have to fight tooth and nail with them to get your true value. If they won’t play ball tell them to replace the car with one of equal value.

Again the BaT auction is the place to get comps. I’m afraid that Allstate will try to Nickel & Dime you to the last penny.

Good Luck

 

[gerryvz]

Moving this thread to OFF TOPIC DISCUSSIONS because it is not an actual car listing for sale, linked to an auction or page along with photographs.

PLEASE PLEASE PLEASE honor the forum’s format, tenets and norms for posting in the correct sub-forum. This creates a significant time burden on administration when we have to be constantly correcting and moving posts around, because people are not honoring forum protocol.

Thank you.

 

[gerryvz]

There is nothing lazier than an insurance company / adjuster.

Some resources that may help shock your insurance company into reality:

500E & E500

Browse and bid online for the chance to own a Mercedes-Benz 500E & E500 at auction with Bring a Trailer, the home of the best vintage and classic cars online.

bringatrailer.com

Mercedes-Benz 500E - W124 Market - CLASSIC.COM

There are 10 Mercedes-Benz 500E - W124 for sale right now - Follow the Market and get notified with new listings and sale prices.

www.classic.com

1992 Mercedes-Benz 500E Base | Hagerty Valuation Tools

Have you seen the latest 1992 Mercedes-Benz 500E values?

www.hagerty.com

https://www.kbb.com/mercedes-benz/500-e/1992/

 

[AMG5PT4]

I would suggest only providing 2023/2024 sales data as prior years don't reflect current market

 

[ace10]

Pulled the full Hagerty value guide. pdf attached.

 

[BobC]

Moving this thread to OFF TOPIC DISCUSSIONS because it is not an actual car listing for sale, linked to an auction or page along with photographs.

PLEASE PLEASE PLEASE honor the forum’s format, tenets and norms for posting in the correct sub-forum. This creates a significant time burden on administration when we have to be constantly correcting and moving posts around, because people are not honoring forum protocol.

Thank you.

Sorry, Gerry, I was not sure where to most my insurance valuation queries.