This 9,300-Mile 1989 Mercedes-Benz 560SL Is Bidding on Hagerty Marketplace

A Signal Red 1989 Mercedes-Benz 560SL showing just 9,300 original miles is currently up for bid on Hagerty Marketplace, with the auction sitting at a $10,000 high bid across four bids as of this writing. Listed out of Covington, Louisiana, this final-year R107 convertible has drawn attention for its low odometer reading, clean history, and factory-correct presentation, the kind of combination that's becoming harder to find in the 560SL market.

Introduced for the 1986 model year, the 560SL closed out an 18-year production run for Mercedes-Benz's R107-generation SL, and it arrived as the most powerful version ever sold in the United States. The 5.5-liter V8 made 227 horsepower in U.S. trim, a meaningful step up from the 380SL and 450SL that preceded it, cutting roughly four seconds off the sprint to 60 mph and raising top speed to about 130 mph. Mercedes-Benz backed up the extra power with a limited-slip differential, a reinforced rear suspension, anti-lock brakes, and a standard driver's airbag, upgrades that helped justify a sticker price north of $48,000 when new. The 560SL went on to outsell both of its V8 predecessors, with average annual production topping 12,000 units before Mercedes-Benz retired the R107 platform in 1990 for an all-new SL.

This example is finished in Signal Red over Palomino leather and rides on its original color-matched removable hardtop along with a black convertible soft top. Factory options include a limited-slip differential, automatic climate control, heated power-adjustable mirrors, cruise control, and a Becker Mexico Grand Prix AM/FM/cassette stereo. According to the seller, the car was purchased in 2023 from a friend of the original owner's family, and only around 300 miles have been added since. A window sticker, partial service records, and a clean CARFAX report accompany the sale, along with a clean Mississippi title. The seller notes typical wear on the leather seats and some cracked wood trim, along with a flood-zone registration flag from 2005 that carries no reported damage, salvage, or title brands.

Hagerty Valuation Tools currently prices a 1989 560SL in #3 (Good) condition at $23,400, though that figure has slipped 4.1% recently as the broader R107 market cools slightly from its earlier highs. Recent comparable sales tracked by Hagerty show just how wide the spread can be: a 53,000-mile 1989 560SL brought $35,963 on Bring a Trailer earlier this month, while a higher-mileage example with 153,000 miles sold for just $14,700 days later. With roughly 682 560SLs changing hands at public auction over the past three years, per Hagerty's data, low-mile, well-documented cars like this Covington example tend to sit toward the upper end of that range, making the current $10,000 bid look like it still has room to run before the gavel falls.

Bidding on this 560SL runs through Friday, August 21, at 2:20 p.m. EDT. Buyers weighing this car against other R107 convertibles may also want to look at a recently featured Final-Year 1989 Mercedes-Benz 560SL that crossed the block in Texas, a Dual-Top 1989 Mercedes-Benz 560SL time capsule finished in Midnight Blue, or a 1957 Mercedes-Benz 300SL Roadster that shows how far SL values can climb when a car checks every box for condition and provenance.