Having wrenched on them for a living and having onwed a 1980 (last of non turbo) W123 300D Automatic.....
Wonderful old cars. Becoming rare, many sent to Africa and the like from the US plus rot and time are taking their toll.
Not sure where the high upkeep numbers are coming from, BUT, it pays to spend more up front, if you can find a car with a FSH of preventative maintenace, then go for it. But most are ratty (newest W123 is 22 years old) old and tired.
The 300TDs are a bit more expensive, due to them being rare, and with the hydraulic suspension in the rear there is the added cost, but you have the added benefit of the wagon. The 300D sedan in normal and turbo (1981-on) form are much more common.
My 300D sedan with auto (all US 300D/TDs were auto, grey market you could get a manual) was not the quickest car, but fast enough. I drove it back and forth from Clarksville to Nashville at 90+ MPH on many occasions.
240s, good, slower, turbos were available in Europe (I had the manual for one around here somewhere).
Peugeot diesels are facing the same fate (age and Africa) but most everythign for them is still available on the net.
The other options on the W123 Merc in the US were the coupe (C, CE, CD, etc), sedan (gas and diesel) and wagon (T, diesel only so TD, T/TE Europe only) bodies, and designations. Motors in the US were 240D, 300D, 230 (don't belive Wikipedia) with carb, but rare as hen's teeth, and 280E. I did see a 280TE with a manual transmission once, astral silver, German car...a hotrod wagon if there ever was one.
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"Knowledge is Good"
-Emil Faber
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