This is our kind of a guy! A fresh MBA grad who wants to spend 5 lacs on a Merc and not a Swift. I like your spirit. The W124 is a fabulous machine and unlike the Mercs of today, are devoid of electronics and their inherent complications. They have been discussed extensively so do use the search function to find the relevant threads.
Also, it may be a good idea to check out the cars from Auto Hangar and Sanghi. You may end up paying 50 grand more but it may well be worth it for the additional peace of mind. If you do find a car from outside, make sure you get it checked by Auto Hangar. I know the chaps there so PM me if you need any leads.
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