Should I buy this car? It has a NAM title... - Mercedes Benz SLK Forum

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#1 Old 08-26-2013
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Should I buy this car? It has a NAM title...

I responded to a craigslist ad in my area for a 1998 slk230 with 37k miles for $6999. I went to check out the car and everything worked well and it drove fine, but when I did the carfax check it showed up that the title is a branded NAM title meaning not actual mileage due to the odometer either breaking, being replaced, or tampered with. I talked him down to $6k and then said I would come back later tonight to give it one last look over before buying it. Here is the carfax and a picture of it. I just wanted to get your guys opinion on what I should do.

http://www.carfax.com/viewEmailRepor...D&language=en#

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#2 Old 08-26-2013
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#3 Old 08-26-2013
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I'd call a dealership and see what they can do for you as far as records on the odo work. And definitely have a pre-purchase inspection. Does the roof work OK, and is the paint and interior in good shape?
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#4 Old 08-26-2013
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True story..

When I purchased my slk, my uncle [who flips cars] says to me "when you're ready to sell it let me know, I have a guy for $250 he can change your mileage".

Just remember, 37K miles could mean 137k miles. Be prepared to do a lot of maintenance to the vehicle. Also run the vin through the local MB dealership to see if any service records/mileage history is available. That's a good price if you have $10k set aside for repairs and overdue maintenance, and just remember you're going to be the owner of that mileage discrepancy if you decide to sell it. Just document everything if you move forward.


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#5 Old 08-26-2013
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Car may be 98 model but it was registered in 97.

Although it looks clean from the 1 photo it could easily have 225000 miles on it!

Even for an slk thats getting on a bit!

In the uk the car would be worth around $1500.

If you have $6000 I suspect it would be cheaper to buy a left hooker in Germany and ship it over!!!
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#6 Old 08-26-2013
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12/03/1997 20 Illinois
Motor Vehicle Dept.
Plainfield, IL
Title #T7337631041 Title issued or updated
First owner reported
Titled or registered as
personal vehicle 06/28/1999 6,032 Illinois
Motor Vehicle Dept.
Plainfield, IL
Title #T9179793025 Title issued or updated
Duplicate title issued
Loan or lien reported 05/04/2000 9,000 Illinois
Motor Vehicle Dept.
Schaumburg, IL
Title #T0125114050 NOT ACTUAL MILEAGE TITLE ISSUED CARFAX Advisor™
A NAM title is issued when the owner discloses to a DMV mileage fraud, a broken odometer or that the actual mileage of this vehicle is unknown.

Mileage reported after this reading is potentially unreliable.

If I am reading this right the mileage was disputed on 5/4/2000 if that is the case how many miles could he have put on it in one year. He had only put 6,000 in the first 1 1/2 years. and then you said he had 37,000 on it now. Like Chicky said you have to live with the bad mileage when you go to sell it. What does the interior look like that tells a lot about the miles on the car, carpet, sets, ect. You use to could tell by the brake peddle buy on the SLK's they at steel. $6,000 sounds like a good deal, if the top works good that $1,000 to have repaired. Unless you are a DYI. Good luck.

Or did I read that wrong that was the last good reading???


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#7 Old 08-26-2013
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The top works, everything looks really good, drives well, nothing is not working. From 97-2000 the original owner only put on 9000 miles. They were the owners until 2009, so it seems like the car was not used that often. Its a hard decision, for the price it seems like a good deal.
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#8 Old 08-26-2013
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#9 Old 08-26-2013
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for 6k id go for it. if something goes wrong scrap it for parts and sell them on ebay you will get your 6k back...
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#10 Old 08-26-2013
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I would NEVER purchase any vehicle with NAM on the CarFax.


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#11 Old 08-26-2013
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If the car looks good, everything works, and runs well $6k is a decent price even if it has 137K. Be prepared to spend some money on it, just in case.........
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#12 Old 08-26-2013
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Are you buying direct from second owner? What miles was on it at his purchase and how does that compare. If the first owner drove 3000 or less per year using the first three years average than it should had around 33,000 on it at his purchase leaving him 4000 over the next four years. Looks like the car might have been parked for several years as there are missing years on the Registration or Il does not require yearly registration. Big think like someone else said at the time you miss to sell you could have other also question the miles if the look at car fax.
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#13 Old 08-26-2013
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Yeah I just went ahead and bought it, it was a great deal, everything works flawlessly, the engine sounds and performs great, the roof works, all the electronics work, and the price was right for me. There is an exclamation mark though in the triangle where the MPG gauge is, can someone let me know what that means?

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#14 Old 08-26-2013
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Congratulations! I was just gonna post to buy it! $6000.00? Even if you have to put another $6-$8k into it, what a fun toy for a reasonable amount of money. Hopefully you have found a gem that will easily return $6000.00 worth of fun.

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#15 Old 08-26-2013
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The Triangle with the exclamation mark is the ESP indicator. It will flash when the ESP system is active.

ESP= Electronic Stability Program
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#16 Old 08-26-2013
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Quote:
Originally Posted by briland2 View Post
The Triangle with the exclamation mark is the ESP indicator. It will flash when the ESP system is active.

ESP= Electronic Stability Program
Oh okay, now that its dark I noticed its not lit up, it just always has the exclamation mark in there and it will ilght up if there is a problem, so no problem lights at all!!

I also hooked up my bluetooth OBDII sensor and there were no fault codes on the cars computer, so I think I got a pretty nice deal. I will still bring it to my mechanic to do the full 127 point inspection, but yeah, pretty stoked.
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#17 Old 08-27-2013
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I remember seeing somewhere on the board that you only have to change the oil on these every 10,000 miles. Is that true?
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#18 Old 08-27-2013
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You're in my neck of the woods, that's awesome! Send me an email if you want and we'll show off the toys!


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#19 Old 08-27-2013
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When the bug bites it bites hard.

Congrats on your acquisition!
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#20 Old 08-27-2013
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Quote:
Originally Posted by jimithing60089 View Post
I remember seeing somewhere on the board that you only have to change the oil on these every 10,000 miles. Is that true?
I can't speak for your model year, but on current models 10K or 1 year, which ever comes first for an oil change.

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