The 2002 Mercedes-Benz S-Class sits at a median of $8,500 in the Canadian market. That's the number to anchor on. At just over 20 years old, this is a car that trades on condition far more than badge, so the median tells you what a clean, running example goes for once the depreciation curve has fully flattened out.
Most of what's listed falls between $4,995 and $9,900. A $5,000 asking price usually signals higher mileage, deferred maintenance, or a seller who wants it gone. Push toward $9,900 and you're paying for a car that's been looked after, with records to prove it. On an old S-Class, the gap between the bottom and top of that range is almost entirely a story about upkeep.
What to actually pay
Median mileage lands around 150,700 km. If the car you're eyeing shows less than that, and you can point to it, you've got leverage to sit near the middle of the range rather than the top. More than that, and anything above $8,500 needs a real reason behind it. Service history matters more than the odometer reading on a car this age.
One deal got flagged here in the last 90 days, so this isn't a fast-moving corner of the market. That works in your favour. You can take the time to inspect properly, budget for the maintenance an old German luxury sedan will ask for, and walk if the numbers don't hold up. Under $6,000 with clean records is where this one gets interesting.
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.