2002 Mercedes-Benz SL-Class Review
Price Estimate:Â $3,557 - $5,377

Edmunds' Expert Review
by the Edmunds Experts
Pros
- An effective status symbol, smooth drivetrains, advanced safety features.
Cons
- Costs too much, ancient platform, expensive, performance is lacking, did we mention the outrageous price?
What’s new
To make the last year of this generation SL special, Mercedes creates the Silver Arrow edition, a -- you guessed it -- silver-colored SL (available with either the V8 or the V12 engine) garnished both inside and out with polished aluminum trim.
Edmunds says
Now in its thirteenth year, the current-generation SL strikes us as too dated and pricey when cars such as the gorgeous Jaguar XK8 convertible and entertaining Porsche 911 Cabriolet are less expensive.
For sale near Columbus, OH
14 listings
- Photos not available
- 77,633 miles
- No accidents, 5 owners, personal use only
- 8cyl automatic
- Monti's Auto Center (102 mi away)
- Leather Seats
- Power Driver Seat
- Auto Climate Control
- Alarm
- Stability Control
Close
Located in Cincinnati, OH
AutoCheck Vehicle History Summary
Accident Free Vehicle: Yes
Personal Use Only: Yes
History Provider: AutoCheck
Title Details: Clean Title
Salvage Vehicle: No
Frame Damage: No
Theft History: No
Lemon Status: No
Free History Report: No
Features and Specs:
17 Combined MPG (15 City/22 Highway)
Listing Information:
VIN: WDBFA68F02F204394
Stock: 204394
Certified Pre-Owned: No
Listed since: 04-14-2025 - New ListingPhotos not available$19,995great price$6,716 below market
- 54,579 miles
- No accidents, 4 owners, personal use only
- 8cyl automatic
- David Chevrolet Buick (292 mi away)
- Leather Seats
- Power Driver Seat
- Auto Climate Control
- Alarm
- Stability Control
Close
Located in Niagara Falls, NY
Brilliant Silver Metallic with Black (Soft Top) exterior and Black interior. Leather Seats, Alloy Wheels, Premium Sound System, Onboard Communications...
AutoCheck Vehicle History Summary
Accident Free Vehicle: Yes
Personal Use Only: Yes
History Provider: AutoCheck
Title Details: Clean Title
Salvage Vehicle: No
Frame Damage: No
Theft History: No
Lemon Status: No
Free History Report: No
Features and Specs:
17 Combined MPG (15 City/22 Highway)
Listing Information:
VIN: WDBFA68F22F204476
Stock: T25787B
Certified Pre-Owned: No
Listed since: 04-17-2025
Vehicle overview
For years, the classic roadster to own was the Mercedes 450SL. From 1973 to 1989, Mercedes peddled so many of these convertibles to the rich and famous that they became as ubiquitous as caviar at high-society social events. Besides, super-suave Lee Majors drove one as Steve Austin in The Six Million Dollar Man, and what could be more chic? Then, to the great chagrin of SL lovers worldwide, Mercedes revamped its classic for 1990, upping the technological ante by light years over the old car, but wrapping the new machine in sheet metal as dowdy as Martha Stewart.
When the new car arrived, it could be bought in 320-, 500- and 600-Series trim. Cost-conscious poseurs bought the SL320 in droves, but removed the telltale decklid badges so that social peers wouldn't know if they had a six, an eight or a 12 under the hood, and thus, how much they paid. Don't laugh. That's not a joke. This was widespread practice in La-La Land. Well, Mercedes figured out a few years ago that the price of the SL was getting ridiculous, and with the zippy, and relatively cheap, SLK on the horizon, decided to kill the popular SL320 and drop the price of the V8-powered SL500.
Today, just the SL500 and the costly SL600 are available for purchase. The SL500's all-aluminum 5.0-liter V8 makes 302 horsepower and rushes the pudgy roadster to 60 mph in just over 6 seconds. For little more than $83,000, you get everything you need to make friends and neighbors think you're rich, unless heated seats, xenon gas headlights, a CD changer, panorama see-through roof and multi-contour seats are part of the equation.
For about $50K more, you can enjoy the whompin' V12 SL600. You get 87 more horsepower and plenty of additional torque, but the acceleration run isn't appreciably quicker than what the SL500 delivers. Other standard goodies include a StarTac cell phone with voice recognition, added burled walnut interior trim, special two-tone leather, heated seats, xenon headlights and an adaptive damping suspension.
Both SLs can be had in various "designo" editions that feature special color treatments inside and out. 2002 also brings the limited Silver Arrow edition to the table, featuring additional goodies like an aluminum-trimmed grille, wind deflector, instrument cluster and shift trim, napa leather seating, special wheels, cross-drilled brake rotors and xenon headlights. Only 1,500 Silver Arrows will be produced: 1,400 SL500s and 100 SL600s.
All SLs feature a host of safety features, like stability control, brake assist, and TeleAid at no additional charge. TeleAid allows you to contact emergency personnel if you suffer a medical emergency or are being assaulted by carjackers who think the SL is desirable. You can also call TeleAid operators to ask questions about your car, like "Why did I have to pay so much for this thing?" or "Why does my $125,000 convertible have a plastic rear window?"
Obviously, our advice is to skip the SL600. On second thought, skip them both and trot over to the Jaguar dealer where you can get the delicious XK8 or XKR for thousands less.
Cost to DriveCost to drive estimates for the 2002 Mercedes-Benz SL-Class SL500 2dr Convertible (5.0L 8cyl 5A) and comparison vehicles are based on 15,000 miles per year (with a mix of 55% city and 45% highway driving) and energy estimates of $4.11 per gallon for premium unleaded in Ohio.
Monthly estimates based on costs in Ohio
$283/mo  for SL-Class SL500
SL-Class SL500
vs
$162/mo
Avg. Compact Car
See Edmunds pricing data
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Mercedes-Benz SL-Class Reviews
Owner Reviews
5(82%)
4(14%)
3(4%)
2(0%)
1(0%)
Most Helpful Owner Reviews
Trending topics
Amazing Vehicle
5 out of 5 starsLinda J., 03/26/2008
2000 Mercedes-Benz SL-Class SL500 2dr Convertible
I love my Mercedes, the fact that you can go from hard top to soft top in a few easy minutes. There is room for a couple of bags in the back "seat", unlike other sports cars where you don't even have room for a purse. The ride is like sitting home in your livingroom. The gas mileage on mine is 30-32 mpg on a trip. It's an all around beautiful car. I am not an engineer, but I see no … improving on perfection here. I have driven them all, I wanted to before I made an educated purchase and this was the only one standing at the end of the tests, all things considered, gas mileage, comfort, style, class.
Wish I would have gotten one sooner!
5 out of 5 starsJoe, 09/23/2015
2001 Mercedes-Benz SL-Class SL500 2dr Convertible (5.0L 8cyl 5A)
Was shopping for a Mustang GT when I came across this beauty. One test drive and I was hooked. After having owned many sports cars their is no comparison. I have had C3, C4, C5 Corvettes, Many Mustangs, MGB's, MR5's, 350Z's, just to name a few. Not one of them could even come close to the fit and finish of this Mercedes. I was parked right next to a brand new Corvette at a car show so I … had plenty of time to study the fine details of the paint etc. Mind you my Mercedes is already 14 years old. Looking close at the Vet then at the Mercedes it was no contest! The paint on the Vet had small waves in it the Mercedes was like a mirror. The materials used in the interior of the Corvette looked like they came from Walmart. Fourteen years old and the thick leather and plush carpet still look new on the Mercedes. The car oozes quality. Granted the Corvette looked way more flashy and in race would win hands down. But if I had to drive cross country the SL500 would be my pick. At 80 mph I was able to let go of the steering wheel and let the car track down the road straight as an arrow. The car handles as if it is on rails, very stable and just a joy to drive.
The SL experience
4.88 out of 5 starsRon Boatright, 03/11/2006
2001 Mercedes-Benz SL-Class SL500 2dr Convertible (5.0L 8cyl 5A)
I have a beautiful '85 SL and an '04 E series for my wife and this 500 is the bomb. You feel special driving this car and it is the classic MB roadster experience. The handling is very responsive considering the weight of the car. The 18" rubber helps. The performance is all you ever need (I'm willing to give up a little hair raising bullet speed for more creature comforts at my age). … The torque is story here and just keeps coming. Very smooth and responsive. The cabin is very comfortable and at speed with the hard top on, you're hard pressed to remember you're not in a fixed top coupe. The trunk is ample and will hold a set of golf club or several shopping bags
Classic open road cruiser!
4.38 out of 5 starsstefano, 12/25/2009
2001 Mercedes-Benz SL-Class SL500 2dr Convertible (5.0L 8cyl 5A)
This SL500 wasn't my first choice. I went to a dealer to look at a 2002 Porsche Carrera convertible but it had just been sold. The sales guy asked me if I'd like to look at a low mileage SL500. I'm glad I did. The triple black AMG SL500 had only 8K on the clock and looked new. Then I drove it. It's a classic cruiser, not a sports car but who cares! It's fast, beautiful and a blast to … drive with the top down.
We have a limited number of reviews for the 2002 Mercedes-Benz SL-Class, so we've included reviews for other years of the SL-Class since its last redesign.
2002 SL-Class Highlights
SL500
Base MSRP Excludes Destination Fee | $83,800 |
---|---|
Engine Type | Gas |
Combined MPG | 17 MPG |
Cost to Drive | $283/month |
Seating | 2 seats |
Cargo Capacity All Seats In Place | 7.9 cu.ft. |
Drivetrain | rear wheel drive |
Warranty | 4 years / 50,000 miles |
Safety
Key safety features on the SL-Class include:
- Alarm
- Stability Control
IIHS Rating
The Insurance Institute of Highway Safety uses extensive crash tests to determine car safety.
- Small Overlap Front Driver-Side TestNot Tested
- Small Overlap Front Passenger-Side TestNot Tested
- Moderate Overlap Front Test – OriginalNot Tested
- Moderate Overlap Front Test – UpdatedNot Tested
- Side Impact Test – OriginalNot Tested
- Side Impact Test – UpdatedNot Tested
- Roof Strength TestNot Tested
- Rear Crash Protection / Head RestraintAcceptable
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