1986 300e

if I read kelley blue book values correctly (kbb.com), then an '86 300e with excellent body condition and no major repairs should not cost above $3000 - is this
correct? (miles about 120k)
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Location is factor, as is condition (condition becomes the most important factor as a car ages).
KBB retail (in Calif) $3,875, Edmunds retail $3,881, private party $2,576
http://www.edmunds.com/tmv/used/mercedesbenz/index.html
Buy the best quality car that you can for there's no senior discount for old M-Bs, and these cars are very expensive to have fixed; the economics of this age car only work well for DIY owners.
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