I Bought a $70,000 Mercedes for $1,500 and Fixed It on a Budget

TLDRI picked up a Mercedes SUV for only $1,500 at an auction. It had an engine problem, but I saw it as a perfect gamble. I fixed it up and made it roadworthy on a budget.

Key insights

🚘I bought a Mercedes SUV for just $1,500 at an auction.

💰The vehicle had an engine problem, but I saw it as a low-risk investment.

🔧I fixed up the SUV and made it roadworthy using affordable parts and DIY repairs.

🔍I found good deals on replacement parts and accessories online.

🚗The total cost of repairs was significantly lower than the market value of the vehicle.

Q&A

How did you find such a good deal on a luxury SUV?

I bought the SUV at an auction, where it was sold as is due to an engine problem.

What repairs did the SUV need?

The SUV needed repairs to its engine and other components to make it roadworthy.

How did you keep the repair costs low?

I found affordable replacement parts online and did most of the repairs myself.

Was it worth fixing up the SUV?

Yes, the total cost of repairs was significantly lower than the market value of the vehicle.

Do you have any tips for finding and fixing up cheap cars?

Research auctions, look for vehicles with fixable issues, and learn basic car repair skills to save money on repairs.

Timestamped Summary

00:00I bought a Mercedes SUV for just $1,500 at an auction.

00:18The SUV had an engine problem, but I saw it as a low-risk investment.

01:57I fixed up the SUV using affordable parts and DIY repairs.

03:32I found good deals on replacement parts and accessories online.

05:57The total cost of repairs was significantly lower than the market value of the vehicle.