I purchased a 2002 E320 over 2 years ago. I have owned a lot of cars in my 60 years. This is my first Mercedes. Purchased with 161k miles. Now over 202k. This is the best car I have ever owned. I love driving it. I love the body style. the reliability. the comfort. Some repairs but nothing major. so impressed I found 2 more. a 2001 for my wife and by accident came across a 2000. My wife loves hers. the 2000 will be for my daughter when she gets her license.
At this age you can expect things to need repairing. I have an excellent Mercedes mechanic who keeps the Maintainance up. Not sure I could afford it if I had to go to the dealership. They charge more than double than my mechanic.
When this car is in warranty, everybody smiles and loves you. When this car is out of warranty, you find out the previous smiles were the after the laughs. This car had issues under warranty and the dealer was happy to fix them and get you on your way. The NAv/Radio started to go but since it had not passed the point of no return, they would not replace it. I could tell other things started to go before the car got out of warranty and it was not until I crossed that warranty mileage marker all hell broke loose. At that point, Murphy's Law took affect. The good side: the car drove like a dream, in the daylight. Go rent the movie "It Takes Two" (1988) when the guy builds his dream car.
I purchased my E320 in April of 2011 so I've owned mine now for about 14 Months. I purchased this car out of Necessity since our business sucked since 10 & 11 and I didn't want a car payment. I purchased this car from my mom and yes, I knew that she dose not take care of a car but I took it becase they sold it to me for 4 K. I didn't know it at the time but this car was in sad shape and it took 3 grand to get it back so it was no deal and I still have to paint it but you know what, If a car can take what my mom did to that car Mercedes is one hell of a car maker! This car is comfortable, trouble free and still looks good for a 12 year old car. I will keep it for two or three more years!
Bought my 2000 E-320 with 150K miles on it..and it was virtually perfect in all respects. Ran and rode great from day one. Paid $7K "out-the-door" and Edmunds says a dealer "should" charge about $5000 for a similar car, but I have seen most, in very good condition, upwards of $9K, so I feel what I paid was a moderate "deal". Car run very well...Zero service issues excepting a driving light wiring harness, $150 repair by MB. When I purchased had three outstanding recalls...all fairly "cosmetic" (rubber door seal replacement, etc.) and MB dealer did without any cost. "Problems" with paint chips, CD changer, air flow sensors, ac failures others have reported are non-existant on this car.