1994 Mercedes-Benz E320

4dr Sedan

6-cyl. 3199cc/217hp FI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$8,100*

+5.2%
#4 Fair condition#4 Fair
Value Graph01/2404/2407/24$2k$4k$6k$8kOct 2024

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1984-1995 Mercedes-Benz W124 stats
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Model overview

Model description

Mercedes-Benz hit its stride with the mid-range E-Class in 1985, introducing a number of features which are taken for granted today. The 1986 300E featured a fuel-injected SOHC 3-liter six-cylinder engine developing 177 bhp. Although it was a big, heavy luxury car, it could outperform contemporary sports cars like the Porsche 944 and IROC Camaro, with a top speed of 140 mph and 0-60 mph in 7.8 seconds.

The E-Class was faster than the larger S-Class 380 and 500 models, but could also be driven carefully to manage 30 mpg on the highway. Most came with a four-speed automatic, while a five-speed manual gearbox was a rare option early on. ABS was standardized in 1985. The 4-Matic all-wheel drive system was offered from 1990-93 in the U.S., and was considered state-of-the-art.

The W124 replaced the blunt W123 and featured a coefficient of drag as low as .028 thanks to the aerodynamic nose, smooth body and belly pans. The five-link rear suspension is now commonly used and a semi-Citroen rear system was self-leveling. It used struts and gas spheres, though the ride height was fixed, and maintained by coil springs at rest.

The single wiper employed an eccentric cam to enable to to sweep almost to the windshield corner. Optional rear headrests could fold down when not needed to improve visibility. The exhaust was also fitted with the first oxygen sensor to enable the engine to run more efficiently.

Progress was steady and subtle. A passenger airbag arrived in 1989, the interior was upgraded in 1990 and the stereo improved in 1991, the same year that ASR traction control was introduced. ASR used the brakes to slow slipping wheels and was so sophisticated that it practically replaced the heavy, expensive and complicated 4-Matic system in all but the most severe conditions.

A 300TD turbo diesel wagon was offered in 1987, while the 177 bhp gasoline powered version replaced it in 1988. Both have four-speed automatic transmissions. Both have self-leveling rear suspension and can carry 1,250 lbs.

For those looking for performance, the short-wheelbase 300CE coupe arrived in 1988, with plastic lower body cladding. It gained variable valve timing a a four-valve head in 1990, while the transmission was revised in 1991 to start in first gear instead of second, for a considerable improvement in performance. A 217 bhp, DOHC 3-liter engine was fitted in 1993 and the coupe was renamed the E320 in 1994.

The E-Class raised the bar significantly for mid-range sedans, coupes and wagons and good examples remain handsome and competitive today. That said, there are some problem areas. The air conditioning is notorious for automatic climate control problems, the switch pad can fail, and compressors are fragile. The Becker Grand Prix radio is also unreliable. Early cars need valve seals to be upgraded to Viton, while alkaline U.S. antifreeze can attack the plastic pipes.

Deferred maintenance can be frustrating and expensive, as almost all systems are complicated, including accessory belt drives, suspension flex discs and ABS brakes. Expect thorough records and insist on a pre-purchase inspection.

Vehicle specifications

  • Wheel Base Shortest - Inches110.2
  • Wheel Base Longest - Inches110.2
  • Shipping Weight3415
  • Drive TypeRWD
  • Manufacturer NameDaimler-Chrysler
  • Front Tire Size15R195
  • Manufacturer MSRP42500
  • Market SegmentationMid Size Luxury Car
  • Manufacturer CodeC127
  • Front Tire Size Code29

Equipment

  • StandardOptional
  • Transmission4 Speed Automatic
  • Power BreaksPower Brakes
  • Power SteeringYes
  • EntertainmentAM/FM CASS
  • Air ConditioningYes
  • Power WindowsYes
  • Tilt Steering WheelYes
  • Roof DescriptionPower Sun/Moon Roof
  • Anti-Lock BreakingAll Wheel
  • Restraint typeDual Front Air Bag/Active Belts
  • Security EquipmentOther

Equipment

Standard

  • Transmission4 Speed Automatic
  • Power BreaksPower Brakes
  • Power SteeringYes
  • EntertainmentAM/FM CASS
  • Air ConditioningYes
  • Power WindowsYes
  • Roof DescriptionPower Sun/Moon Roof
  • Anti-Lock BreakingAll Wheel
  • Restraint typeDual Front Air Bag/Active Belts
  • Security EquipmentOther

Optional

  • Tilt Steering WheelYes
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Common Questions

The value of a 1994 Mercedes-Benz E320 can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $5,500 for a 1994 Mercedes-Benz E320 in good condition with average spec.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.