Tuesday, January 15th, 2013
No, that's not the 500 Benz.
What it is, is a top-of-the-line German luxury/performance car that cost less to buy new than the 500 Benz and is now worth about three times more.
My 1998 SL500 had 67,300 miles when I bought it, so this is pretty close to an apples-to-apples comparison.
Now let's talk Monroneys. Here's the Porsche's original sticker:
As you can see, the base MSRP of a 911 in 1997 was a surprisingly low $63,750. This car's options drove the price up to $70,923.
Meanwhile, Mercedes was selling the SL500 for considerably more:
Mine didn't come with a Monroney, but this '96 SL500 is basically the same car (I've got a few little extras like an updated climate-control unit). Interestingly, Mercedes cut the SL500's price by $10,000 for 1998 to spur sales, but the car's content didn't change.
So what's my point? Well, like anyone with a pulse, I love the 993 and fully intend to own one when I'm rich and idle someday. But it blows my mind that the asking price for this 993 is the following...
...and the asking price for my SL500—the unrealistically high asking price, I should say—was $15,000.
Let's do a little comparison, shall we?
Brand Image. You can't tell me that Porsche and Mercedes aren't in the same league in this regard. Outside of Italy, these are arguably the two most storied brands in autodom. I'm calling this one a tie.
Mystique Factor. The 911 is an iconic model that debuted in 1963. The SL is an iconic model that debuted in 1954. On the historical merits, this should be a wash, so that's what it's going to be here.
Powertrains and Performance. The air-cooled 993 has one of the best last-millennium engines in the world, and it's close to a full second quicker to 60 mph than the Mercedes, depending on who's driving. But as I'll be arguing in a future post, the 1990-'98 500 Benz has one of the best last-millennium engines in the world, too, and when it hits its stride around 3,500 rpm, there's no doubt you're driving something extraordinary. Props to the Porsche for its hair-raising noises and manual transmission; props to the Benz for its supreme smoothness and superior torque. The 993 wins, but by less than you'd expect.
Driving Dynamics. The 993 is a tiny sports car (it's classified on the Monroney as a "mini-compact") with a short wheelbase and an obscenely wide ass that contains an engine. Twenty—twenty—inches longer stem to stern, the 500 Benz is a grand-touring roadster that keeps its engine up front where it belongs. About the only ride-and-handling trait these cars have in common is epic high-speed stability. I don't think it's possible to score this one, so let's just move on.
Styling. Bit of a mismatch here, as the 993 is possibly the most beautiful car I've ever seen, but again, I think the Benz's talents are underappreciated. To me, the R129 SL's simple lines embody the no-nonsense philosophy that prevailed at Mercedes until the 2000s. Here was a car that didn't need gills or frills to feel secure; rather, it defiantly rejected such flourishes, as if they were beneath a car of its stature. I think there's something timelessly cool about that. So while the Porsche takes this category, too, the 500 Benz brings enough to the table to be competitive.
Interior Evaluation. Both cars use top-notch materials inside, which explains why their innards age so well (although this 993 shows more seat wear than my car). And both put form after function. I personally prefer the Mercedes for its snugger, more intimate layout—note how the center console rises higher between the seats, and the controls on the dash are closer:
But at the end of the day, they're both cost-no-object cabins from the two German companies that really cared about this sort of thing in the 1990s. Too close to call.
Trunk/Frunk Capacity. 500 Benz = 2 golf bags, 993 = 0 golf bags. Advantage: Benz.
Curb Weight. The 500 Benz outweighs the 3,060-pound 993 by about half a ton. Advantage: Benz.
THE VERDICT. There's no question that the 993 has a perfect-storm combination from a collector's standpoint: it's the last of the air-cooled 911s, and it's flat-out gorgeous. Its successor, the 996, presents an illuminating contrast: water-cooled and aesthetically awkward, it'll barely fetch half the price of a comparable 993. So we can all agree that there's something special about this 911.
But why isn't the same true of the R129 SL500? Through 1998, it was powered by an epic DOHC 32-valve V8, just like the Porsche 928, I might add. It's the only SL that combines modern performance and features with classically austere Benz styling. It's from a time when Mercedes took longer than just about any other automaker to build a car, and you can feel that dedication in the end result.
Given the $30,000-plus price difference, the verdict is clear: the Porsche loses in a landslide.
Not many $46,000 cars can compete with a $13,000 500 Benz.
Welcome, new Benzito!
No. Spam. Ever.