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2002 Mercedes-Benz SL-Class Overview, Reviews, Ratings & Specs

Rating: 4.88
Based on 12 Owner Reviews â–¶
Jovan | March 31, 2025
The 2002 Mercedes-Benz SL-Class, part of the R129 generation (1989-2001, with the 2002 being a carryover model), is a two-door, two-seat roadster/convertible. Key trims included the SL500. The R129 SL-Class was known for its luxurious features, solid build quality, and sophisticated engineering. Pricing ranged from approximately $85,000 new, but current used prices are significantly lower. Its timeless design and retractable hardtop contribute to its enduring popularity.
The Good

The 2002 SL-Class offers strong V8 performance appealing to enthusiasts, while its robust construction and reputation for longevity attract practical buyers. Comfort is a key strength with a luxurious interior and smooth ride. The iconic design provides emotional appeal, and its current value on the used market makes it a surprisingly affordable entry into the luxury roadster segment.

The Bad

Potential weaknesses of the 2002 SL-Class include its complex hydraulic system for the convertible top, which can be expensive to repair. Electronics can also be problematic, requiring careful inspection. Furthermore, maintenance costs for a Mercedes-Benz, even an older one, are generally higher than average. Rust can be an issue in some climates.

2002 Mercedes-Benz SL-Class: Quick Overview

  • Engine Options: The primary engine option for the 2002 SL-Class was a 5.0-liter V8.
  • Horsepower: The 5.0-liter V8 engine produced approximately 302 horsepower.
  • Fuel Economy: Fuel economy for the SL500 was around 16 mpg city and 23 mpg highway. These figures are estimates and can vary based on driving conditions and maintenance.
  • 0-60 Times: The 0-60 mph acceleration time for the SL500 was approximately 6.3 seconds.
  • Towing Capacity: The Mercedes-Benz SL-Class is not designed for towing. Towing capacity is not applicable.
  • Trim-Level Features (SL500):
    • Leather upholstery
    • Wood trim
    • Automatic climate control
    • Power-adjustable seats with memory
    • Bose audio system
    • Retractable hardtop
    • Anti-lock brakes (ABS)
    • Traction control
    • Dual front airbags
    • Side airbags
    • Cruise control
    • Power windows and locks
    • Alloy wheels

The SL500 represented the main trim level for this model year. Feature availability might vary slightly depending on optional packages chosen by the original owner.

2002 Mercedes-Benz SL-Class Specifications

Vehicle Information
Year 2002
Make Mercedes-Benz
Model SL-Class
Trim -
Style -
Type Convertible
Category Compact Car
Manufacturing Details
Made In Germany
Manufacturing City -
Dimensions
Doors -
Curb Weight -
Gross Vehicle Weight Rating -
Overall Height -
Overall Length -
Overall Width -
Wheelbase Length -
Standard Seating -
Engine & Performance
Engine 5.0L V8
Engine Size 5L
Engine Cylinders 8
Transmission -
Transmission Type -
Transmission Speeds -
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System -
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) -
Invoice Price -
Delivery Charges -

Vehicle History Report

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Events
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Salvage/Rebuilt
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Accident
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Theft
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Open Lien
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Past Sale
Listings
Safety
Recalls
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Market Price
Analysis

What Problems Does the 2002 Mercedes-Benz SL-Class Have?

Frequently reported problems for the 2002 Mercedes-Benz SL-Class, consistent with the R129 generation, often revolve around its complex systems. The hydraulic system controlling the convertible top is a common source of trouble, with leaks and pump failures being reported. These repairs can be quite expensive.

Electrical issues are also prevalent, ranging from malfunctioning sensors to problems with the instrument cluster and other electronic components. The adaptive damping system (ADS), if equipped, can also present challenges as it ages, with struts and accumulators needing replacement.

Rust can be a concern, particularly in areas with harsh winters where road salt is used. Check around the wheel wells, rocker panels, and undercarriage.

While specific recall information should be verified through official sources like the NHTSA website using the VIN, common recalls for similar-era Mercedes-Benz vehicles often related to safety equipment like airbags or fuel system components. Long-term reliability hinges on diligent maintenance. Neglecting scheduled servicing can lead to cascading failures, given the car's intricate design. Early detection and repair of minor issues are crucial for preventing major problems down the road.

How long will the 2002 Mercedes-Benz SL-Class last?

A 2002 Mercedes-Benz SL-Class, if well-maintained, can easily reach 200,000 miles or more. Many owners report enjoying these cars for decades with proper care. However, long-term durability depends heavily on maintenance. The hydraulic roof system and electrical components are the most common weaknesses. Replacing wear items like suspension components and addressing rust promptly are vital for preserving the car's lifespan. Neglecting these areas will lead to premature failure and costly repairs. Regular fluid changes, especially for the transmission and hydraulic systems, are crucial.

What Technology & Safety Features are Included?

The 2002 Mercedes-Benz SL-Class offered a respectable array of technology for its time, although it lacks the advanced features of modern vehicles. Standard features included automatic climate control, power-adjustable seats with memory, a Bose audio system, and a retractable hardtop.

Entertainment was primarily provided by the audio system, which often included a CD player. Navigation systems were available as optional extras, but they are rudimentary by today's standards.

Driver-assistance features were limited compared to contemporary cars. Cruise control and traction control were standard. Safety features included anti-lock brakes (ABS), dual front airbags, and side airbags. Some models may have had optional features like a roll bar that automatically deployed in the event of a rollover.

Crash-test ratings from agencies like the NHTSA or IIHS for the 2002 model year specifically are difficult to find, but the R129 SL-Class generally had a reputation for solid construction and good safety performance for its era. It's important to note that safety standards have evolved considerably since 2002. Overall, the 2002 SL-Class prioritized luxury and comfort over cutting-edge technology.

What Colors Options are Available?

Exterior Colors
Black
Brilliant Silver Metallic
Obsidian Black Metallic
Desert Silver Metallic
Almandine Black Metallic
Bordeaux Red
Evergreen
Midnight Blue
Quartz Blue Metallic
Interior Colors
Magma Red
Black
Orion Gray
Parchment

2002 Mercedes-Benz SL-Class Prices and Market Value

The 2002 Mercedes-Benz SL-Class (SL500) had a starting price of approximately $85,000 when new. Current used market prices typically range from $10,000 to $25,000, depending on condition, mileage, and history. The SL-Class experienced significant depreciation, as is common with luxury vehicles. Factors affecting resale value include the car's overall condition, maintenance records, mileage, and the presence of desirable options. Cars with well-documented maintenance and low mileage command higher prices. The condition of the convertible top and hydraulic system is particularly important.

2002 Mercedes-Benz SL-Class Cost of Ownership

Owning a 2002 Mercedes-Benz SL-Class can be costly. Insurance premiums are moderate, but fuel costs can be high due to the V8 engine's consumption. Maintenance and repairs are the biggest expense. Parts and labor for Mercedes-Benz vehicles are generally more expensive than for mainstream brands. The complex hydraulic and electrical systems can lead to unexpected and costly repairs. Long-term ownership requires a commitment to preventative maintenance to mitigate potential issues. It is not an economical vehicle to own.

2002 Mercedes-Benz SL-Class Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity -
City Mileage -
Highway Mileage -

2002 Mercedes-Benz SL-Class Safety Rating

NHTSA
Overall Rating Not Tested
Overall Frontal Star Rating Not Tested
Side Overall Star Rating Not Tested
Overall Rollover Star Rating Not Tested
Combined Front Seat Rating Not Tested
Combined Rear Seat Rating Not Tested
Overall Frontal Star Rating Not Tested
Frontal Barrier Star Ratings Not Tested
Side Barrier Star Ratings Not Tested
Rollover Resistance Star Rating Not Tested

2002 Mercedes-Benz SL-Class Insurance

Insurance for a 2002 Mercedes-Benz SL-Class is moderately priced, reflecting its status as a Convertible with strong safety ratings and
reasonable repair costs.

How Does the 2002 Mercedes-Benz SL-Class Compare to Other Convertible?

The 2002 Mercedes-Benz SL-Class competed with vehicles like the BMW Z8, Jaguar XK8, and Porsche 911 Cabriolet. In terms of performance, the SL500 offered a good balance of power and comfort, but the Porsche 911 generally provided a sportier driving experience. Feature-wise, the SL-Class was competitive, offering a luxurious interior and a retractable hardtop, a feature not always found in its rivals.

Reliability is where the SL-Class can fall short compared to some competitors. The BMW Z8, while rare, is often regarded as more reliable. The Jaguar XK8 can also have similar reliability concerns as the SL. The Porsche 911 is generally considered more reliable than both.

In terms of price, used SL-Class models are often more affordable than comparable Porsche 911s or BMW Z8s. However, the lower purchase price can be offset by higher maintenance costs.

Alternatives to consider include the Porsche Boxster (for a more affordable and reliable roadster), the BMW Z3 (for a smaller and more agile option), or a newer Mercedes-Benz SLK (for more modern features, though potentially still with similar maintenance concerns). If reliability is a top priority, the Porsche 911 Cabriolet, though more expensive, may be a better choice.

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9 2023 Audi A3 (0.0★)
10 2023 Chevrolet Camaro (5.0★)
11 2023 Hyundai Elantra Hybrid (0.0★)
12 2023 Nissan Altima (4.0★)
769 2002 Mercedes-Benz SL-Class (5.0★)

Final Verdict: Is the 2002 Mercedes-Benz SL-Class a Good Convertible?

The 2002 Mercedes-Benz SL-Class is ideal for someone who appreciates classic Mercedes-Benz styling, a luxurious interior, and the open-air experience of a roadster, and is willing to accept potentially higher maintenance costs. It's worth buying *used* if you find a well-maintained example with comprehensive service records and a pre-purchase inspection by a qualified mechanic familiar with Mercedes-Benz vehicles. Be prepared for potential repairs to the hydraulic roof system and electrical components. Avoid cars with a history of neglect or deferred maintenance. It's best suited for a buyer who views it as a weekend car or a project to cherish, rather than a primary daily driver.

2002 Mercedes-Benz SL-Class Owner Reviews

4.88
Consumer Rating, Based on 12 Consumer Reviews
Overall rating
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barefoot on November 14, 2020

class of its own

it is a super car without the screaming flamboyance of most super cars. Inside it is even more elegant than outside with the 2 vanity mirrors, lean design with so much beauty you just don't want to leave the car. The passengers are always delighted by the good taste it presents. Driving is fun and it is quite and strong matching its classiness. Handling fantastic and super reliable. Maintenance is key. Overall it seams to be low key due to the incredible Mercedes quality of the area.

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JohnChecki on August 30, 2020

This Is A Great Hard Top Convertible

I love driving and owning this car. It sits close to the ground yet has a smooth ride and the height can be adjusted to aid in avoiding curbs. I have owned it for a little over 6.5 years. Lovely dependable, swell car to own, drive and enjoy.

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Sunnyd48 on September 12, 2018

Awesome ride!!

This SL 500 Silver Arrow edition is such a head turner I am surprised that every time I drive it I get compliments and this car is 16 years old. I love it and I love driving it. When you are driving this car with the top down you never want to get from under the wheel you just want to keep driving!

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RxLaw on May 2, 2017

Mercedes Benz SL500 Silver Arrow

I had this car for 9 years. Driving around in California in a Mercedes convertible; what can I say? We drove it up north through the redwood forests and down Highway 1 along the coast. Lots of fun.

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THE AUTHORITY on April 7, 2017

The Authority

The best car ever looks, reliability . Great car to own. A classic always . MBZ MBZ MBZ MBZ MBZ

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mbenzofan on August 9, 2014

I love it

A very cool and rare mercedes. Feels like you are driving a sports car and a luxury car at the same time. Also performance is not an issue at anytime. Sleek, unique, full of character. This 2002 SL 500 Silver Arrow is a real head turner. I have owned mine for quite a while, and its just a fun car.

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R129 Favorite on March 28, 2012

Favorite Mercedes Silver Arrow

Having owned 3 generations of SL's I keep coming back to the R129 as a great value, impressive performance, and better quality than the new ones albeit doesnt have all the new drivers aids and entertainment options. Currently owning a 40K mile 2002 SL500 Silver Arrow edition with ultra rare Pano top

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Ron on November 18, 2010

Fabulous Silver Arrow

While driving down the street, other SL owners look at my car and they know something is different. They haven't seen one like this, and they can't put their finger on why this SL is so different, but they love it! It is different enough to set itself aside as a real eye catcher. My wife drives this car and she absolutely loves the ride and the prestige it provides. The color, the hard top on or off, it looks great, and accented by the wheels!

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db on July 31, 2010

Silver Arrow kills em dead

First, I should admit I've had this car for a month. Therefore the reason for not five stars in every category. Just a few unknowns. But my expectations are high. I had a Chrys.Crossfire and traded up. Looked at 04 500sl with hardtop roof but really liked the uniqueness of the arrow. It's a dream to drive. You don't even notice how fast it is because the engine is smooth with great sync on the auto trans. Very comfy and luxury on interior. Well done. Solid and well built like my wagons and sedans by MB.

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SILVER ARROW 1 on December 3, 2006

AS GOOD AS IT GETS !

ROCK SOLID AND DEPENDABLE !....BOUGHT WITH 16,000 MILES, "SILVER ARROW" EDITION IN CLOSE TO SHOWROOM CONDITION...OBVIOUSLY "BABIED" FROM DAY ONE........RIDES GREAT AND HANDLES LIKE ITS ON RAILS....DECEPTIVELY NIMBLE AND SOLID FEELING......NO SHAKES,RATTLES OR SQUEAKS....DECENT FUEL MILEAGE AND VERY SMOOTH ON THE OPEN ROAD......WOULD RECOMMEND TO ANYONE WANTING A QUALITY SPORTS CAR WITH MERCEDES QUALITY AS WELL. I DROVE A NEW 500SL PRIOR TO PURCHASING THIS CAR, AND CAN HONESTLY SAY THIS 2002 MODEL FEELS MORE SOLIDLY MADE..... THE OVERALL QUALITY OF FIT,RIDE AND WORKMANSHIP WAS OUTSTANDING.I DO NOT REGRET MY DECISION TO PUCHASE IN ANY WAY !

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Jovan

Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.