Purchased a used Mercedes for $3,000

Alex Palmeri, an animator for the YouTube channel LegitStreetCars, bought a 2005 Mercedes SL65 AMG for $3,000 without inspecting it. The car had been abandoned by its previous owner, who gave up after dealing with issues like a degraded mode and ignition problems, and feared the cost of a used engine or fixing the hydraulic suspension.

Found a nearly new V12 engine

Palmeri, who was an ex-Mercedes mechanic from 2005, expected significant damage but was surprised to find a V12 biturbo engine with 612 horsepower under the dirt. The engine had only 60,000 miles on it and its components, including camshafts and timing chain, were in excellent condition.

Used Tesla parts for the suspension

To fix the suspension system, Palmeri used parts from a Tesla Model S, including suspension joints and level sensors, which were hard to find from Mercedes. The automatic five-speed transmission received new parts, and the brake discs were replaced or repainted.

Completed the car with minor issues

The only remaining issue was a dashboard that made a popping sound, a known problem with the Mercedes brand. Palmeri estimated his total investment, including parts, to be $3,500. The car was valued at $45,000, which he highlighted in the title of his video.

Profitable investment in a classic car

On PCARMARKET, similar 2005 SL65 AMGs sold for between $32,000 and $43,000, depending on mileage. Even at the lower end, Palmeri’s $3,500 investment was profitable, showing the potential value in restoring classic vehicles.