You’ve seen it before: an online ad appears offering a classic car represented as being in beautiful condition, for an unbelievably low price. When contacted, the seller always has some story about having to move to England, but will ship the car free to your location.. Yeah, right.. If it seems too good to be true then, it’s likely, well, too good to be true.
I encountered such a situation recently when my shopmate forwarded me a Craigslist link offering a nice looking 1962 Mercedes 190SL for $16,500. Even IF I don’t closely follow the classic Mercedes market, I’m savvy enough to know that values for 190SL’s have recently skyrocketed, following on the coat-tails of their rarer step brother, the 300SL (these beautiful cars now routinely bringing strong 7 figure prices), and proving the old axiom “A rising tide raises all boats”. Sure enough, a quick search through eBay and Hemmings listings proved that even a beater, “good restoration candidate” 190SL easily changes hands for $50-75,000, while nicely restored examples can easily bring in $150k.
With my “Fake-dar” alarm ringing loudly in my head, I...Read More