I need to sell my dream car after making a HUGE financial mistake

Hoovies Garage
24 Jan 202416:44

Summary

TLDRThe video features a car enthusiast discussing his difficult decision to sell his beloved Mercedes SLS AMG supercar to fund home renovations and taxes. He reflects fondly on memories with the SLS, like tracking it alongside his first car. Ultimately, he decides not to sell yet. At his garage, work has stalled on building his dream garage. His mechanic found a bizarre vintage gasoline-powered heater in another car, which will be replaced. Bills are piling up, but selling the emotional SLS proves difficult.

Takeaways

  • 😢 The owner has to sell his dream Mercedes SLS AMG due to financial issues from taxes, home renovations, and investments
  • 🚗 The SLS AMG was the owner's dream car since college - elegant, beautiful, and fast
  • 🏠 Selling the SLS would help pay for house additions and the new garage construction
  • 💔 Letting go of the SLS is extremely difficult despite favoring his other car, the SLR McLaren
  • 😌 The owner eventually decides not to sell the SLS after failing to get a good enough offer
  • 🌽 There has been little progress on the new garage construction so far
  • 🔥 The Chrysler has a bizarre old gasoline-powered heater that seems unsafe
  • 👨‍🔧 The mechanic diagnosed issues with the CL65 including bad sensors and worn parts
  • 💸 The repair estimate for the CL65 is almost $6,000 including brakes and engine mounts
  • 💲 The owner struggles with the ongoing cost of repairs and maintenance on his collection

Q & A

  • What car does Hu have to sell to help pay for expenses?

    -Hu has to sell his Mercedes SLS AMG supercar to help pay for home renovations, taxes, and other expenses.

  • Why does Hu favor his SLR McLaren over the SLS AMG?

    -Hu says the SLR McLaren feels more special to drive, is more fun and rare, and he tends to drive it more than the SLS AMG, even though the SLS is better for long road trips.

  • What special memory does Hu have with the SLS AMG?

    -Hu has a special memory driving the SLS AMG on the track during the Car Trek experience, along with the first car he bought himself - a Mercedes 300 TD diesel.

  • Why wasn't Hu able to sell the SLS AMG yet?

    -Hu wasn't able to sell the SLS AMG yet because due to winter and market changes, he wasn't offered as much money as expected, so he decided to keep it a bit longer.

  • What is the update on the construction of Hu's new garage?

    -There has been little progress on the construction of Hu's new garage 3.0, despite being told multiple times the builders would start. The materials have been delivered but no one has showed up to start work.

  • What weird heater system did the Car Wizard find on the 1946 Chrysler?

    -The Car Wizard found a strange old Motorola gasoline-powered heater system on the 1946 Chrysler that works by lighting a flame, which seems unsafe.

  • What repairs and service does the CL65 AMG need?

    -The CL65 AMG needs repairs for bad sensors, collapsed engine and transmission mounts, a new blower motor, and various overdue maintenance services.

  • What was repaired on the Callaway Corvette?

    -The Callaway Corvette had its LT1 OptiSpark issues, water pump, and other repairs done so it just needs some nice roads to drive it.

  • What is still wrong with the Camaro after repairs by Car Wizard?

    -Nothing is still wrong with the Camaro after the Car Wizard did repairs including the OptiSpark, distributor, and other parts. Hu just doesn't want to drive it on the bad roads.

  • How much are the repairs estimated to cost on the CL65 AMG?

    -The repairs and overdue maintenance on the CL65 AMG are estimated to cost around $5,000-$6,000, not counting the brakes which would be over $3,000 to replace.

Outlines

00:00

😄 Introducing the SLS AMG and decision to sell

The video introduces the Mercedes SLS AMG, the host's dream car. Due to financial constraints from home renovations, taxes, and other expenses, the host needs to sell the SLS AMG even though he loves it. He highlights his great memories with the car, including tracking it at Car Trek. Ultimately he decides to try selling it to raise funds.

05:01

🤔 Reflecting on 4 years of SLS AMG ownership

The host reflects on his 4 years of ownership of the SLS AMG. He compares it to the SLR McLaren, which he now favors for being more fun and special. He discusses the highlights of SLS ownership like its appearance, V8 engine, driving dynamics, and gullwing doors. Though hard to sell, it has appreciated in value during his ownership.

10:03

😨 Touring the bizarre vintage gasoline heater

The host visits the Car Wizard and learns about the strange vintage gasoline-powered heater in the 1946 Chrysler. It did not originally come with a heater, so this dangerous aftermarket solution was added. They agree it should be replaced with a proper coolant-based heater for safety.

15:03

💸 Paying for repairs and upgrades

The host gets estimates from the Car Wizard for repairs and service on the CL65 AMG and Callaway Corvette. Though expensive, they are not as bad as some recent bills. The host will pay and have the cars fixed, except for the AMG brakes which can wait.

Mindmap

Keywords

💡selling cars

A major theme in the video is the narrator considering selling some of his cars to pay for home renovations and other expenses. He talks about needing to sell his Mercedes SLS AMG supercar, which he loves but doesn't drive often anymore. However, when he tries to sell it, he struggles to part with it. This highlights the narrator's emotional attachment to his cars.

💡dream garage

The narrator refers to his goal of building his 'dream garage,' a large, customized garage to store his car collection. However, the high cost of constructing this garage is contributing to his financial struggles. The dream garage represents his passion for cars.

💡home renovation

The narrator mentions spending money to renovate and add on to his home. These expensive house projects are one reason he is considering selling some cars.

💡taxes

The narrator cites taxes as one of the financial pressures causing him to need to sell a car. Taxes on his assets and income are likely high given his cars and property.

💡investment

The narrator refers to making a 'bad investment,' which has contributed to his cash flow problem. This likely refers to a business or financial investment outside of his cars that did not pan out well.

💡Mercedes SLS AMG

This is a specific supercar model made by Mercedes-AMG that the narrator owns. He loves its appearance and performance but is considering selling it. It represents his taste for high-end sports cars.

💡depreciation

The narrator notes that his SLS AMG has appreciated in value over the 4 years he's owned it. Sports cars often depreciate quickly, but this one has gone up in value due to demand for this particular model.

💡car collection

The narrator refers to his 'car collection,' as he owns multiple expensive sports cars. He seems to have a passion for collecting and owning certain luxury and vintage models.

💡car maintenance

The high cost of maintaining his cars also strains the narrator's finances. He gets estimates for repairs and maintenance on his Mercedes CL65 and Camaro.

💡car enthusiast

The overall theme is this person's deep enthusiasm for cars, despite the high costs. His dream is to own certain models, maintain a collection, build a garage, and constantly work on cars.

Highlights

I have made some very bad decisions and I do have to sell my dream car which I never thought that I would ever sell - my Mercedes SLS AMG

The SLS and the SLR they do the same things and the SLR is the one that I favor now - it feels more special to drive, it's a lot more fun and special and rare of a car

I feel kind of smart even though if I had put that money in the stock market when I bought this thing at the lows of 2020, I'd have a lot more money in the bank

This one with its going doors just such an iconic amazing machine but the SLR behind it scratches the same itch and that's what I've come to the conclusion of

The first car designed by AMG engineered from the ground up and it had this amazing 6.2 L, V8 563 horsepower dual clutch transmission and The Styling dropped dead gorgeous

Progress continues on the house Edition the great room you can see it really starting to come together

There's a fuel pump here what and fuel would come in through here there's some more of the fuel line and you would select a temperature and it would light and so there is a spark and an open flame going on with this heater system

This actually is powered by gasoline, wait so it takes the fuel from the gas tank like it has its own fuel line yeah, there's a fuel pump here what and fuel would come in through here there's some more of the fuel line and you would select a temperature and it would light and so there is a spark and an open flame going on with this heater system

I'm sure it works very well when it works but that sounds terrifying, it sounds dangerous we did put power to it and the fan comes on but do you really want to trust a 40 50 however 60 80y old gas fired heater

While he was in there we found the motor mount some transmission mount are like fully collapsed it's overdue on some services on the oil and the brake pads and rotors at some point are going to need to be done and they're so expensive

Your brakes are going to be over three grand they're $700 per rotor yeah I could have knew that with AMG brakes but they're at 4 mm I mean I can wait probably 6 months or so, especially if I'm a daily driving it or whatever

Everything probably but the brakes for now but, right shoot and I need to get some different wheels for it but I'm looking at five or six grand here if we were to do everything easily

This video started out with me needing to sell my SLS AMG and then I couldn't bring myself to do it because the bills are piling up not wizard bills but home bills and new garage bills and taxes and everything else

The 78,000 ones you've been giving me lately, this is a little better but there was a lot of work it was actually yeah optis spark distributor the new one $278 I mean everything still reasonable Parts wise on this car yeah for everything he did not bad

No not bad okay well I'll pay up but I don't want to drive it on this crap out here so if you don't mind storing it for a bit I'd appreciate it that's fine no problem thanks wizzy

Transcripts

play00:00

welcome to hu's garage the dumbest

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Automotive channel in all of YouTube and

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I'm prefacing this video by saying not

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that you would don't feel bad for me at

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all but I have made some very bad

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decisions and I do have to sell my dream

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car which I never thought that I would

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ever sell and that's my Mercedes SLS AMG

play00:20

so everything sort of hit me all at once

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here when it comes to hoo garage 3.0

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construction uh Renovations on the house

play00:28

along with taxes and it looks like I've

play00:30

made sort of a bad investment we'll see

play00:32

on that one to where I am cash poor but

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still car rich and I could go one of two

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ways I could get another car loan and

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put myself even deeper into debt or I

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could sell one off but it's really hard

play00:45

because my current collection is

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basically a greatest hits album of all

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the cars that I love so the BMW Z8

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beautiful retro styled analog six-speed

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manual my gated manual Ferrari 599

play00:57

conversion love that car the SL R and

play01:00

the SLS are two cars that I love this

play01:03

one with its going doors just such an

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iconic amazing machine but the SLR

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behind it scratches the same itch and

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that's what I've come to the conclusion

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of the SLS and the SLR they do the same

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things and the SLR is the one that I

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favor now it feels more special to drive

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it's a lot more fun and special and rare

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of a car so I tend to take it out more

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and enjoy it the SLS is much more usable

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much more of a cross country road trip

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card i' feel comfortable doing that uh

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but I don't use it for that so it really

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has sat a lot in the last year since

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I've gotten the SLR I took the SLR to

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Monteray car week instead of the SLS so

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I can't believe it but it just sort of

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makes sense to sell and also because it

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has appreciated a lot in the four years

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that I've owned it so I actually feel

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kind of smart even though if I had put

play01:53

that money in the stock market when I

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bought this thing at the lows of 2020

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I'd have a lot more money in the bank

play01:58

but I do have a lot of great memories

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with this car including it being a car

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trek car so this is very Bittersweet so

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we'll go over that in today's video my

play02:05

long-term impressions of owning an SLS

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AMG and we'll check on what this thing

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is paying for all the progress around

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the farm so let's hit the road and say

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goodbye to the SLS but before we

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continue on this train wreck of an

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and still is the ultimate dream car for

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me the Mercedes 300 SL goaling and when

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I was a kid they would sell for $250

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$300,000 and I thought one day if I

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worked really hard I'd be able to buy

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one of those well that's not happening

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nowadays A go is a multi-million dollar

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Prospect worth more than everything that

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I own and uh I'll I'll never be able to

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justify buying one this when it came out

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right around when I was graduating

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college it seemed like the next best or

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the better thing I was in love with

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these things the moment I saw them the

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first car designed by AMG engineered

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from the ground up and it had this

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amazing 6.2 L

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V8 563 horsepower dual clutch

play04:23

transmission and The Styling dropped

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dead gorgeous not to mention the doors

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so when I found this one four years

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ago it was just perfect desino Mystic

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white in the exterior beautiful color

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the desino natural interior 30,000 mil

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on it so just enough to where I could

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drive it but not too high to where it

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would detract from the resale and just

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love this car I've taken this thing many

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places but the Highlight has to be the

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car trek experience with the SLS AMG got

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to track this thing on the track along

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with the first car I bought with my own

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money a Mercedes 300 TD te an old diesel

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which is what started my Mercedes

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experience outside of my grandmother's

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car that she gave me when I was 16 I

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wanted to buy the diesel to keep the SL

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nice and learn how to work on cars and

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learn how to wheel and deal from that

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car basically and Mercedes diesels but

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this thing was a rocket ship on the

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track it was a blast to drive for the

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Thousand or so miles of the track itself

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and it is just the perfect sports car I

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feel like it's just so elegant and

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beautiful something you do want to hop

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in and drive just on a daily basis but

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also something you go track you can turn

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all the knobs up and have a very potent

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track weapon this platform continued on

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with the AMG GT but that car just isn't

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as special not only does it not have the

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doors but it has a different engine that

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doesn't sound quite as good still really

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good but it just doesn't feel as special

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as the SLS now like I said this doesn't

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feel as special as the SLR McLaren which

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is why I favor that car over the SLS but

play05:58

in an Ideal World world I would still

play06:00

keep both and this is an ideal world

play06:02

where I could take this car and get a

play06:03

loan against it and pay all of my bills

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but I've already done that with the kage

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and the conversion van and uh yeah

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things are just piling up so I'm trying

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to be disciplined right now but it is

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very very hard once again not that you

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are don't feel bad for me but the last

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year with all my personal issues has

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been a major major hit to my finances

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and buying this farm and making my dream

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garage is a very expensive thing to do

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as well so it is for good reasons

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overall positive in the long run and

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this gives me the ability to be able to

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pounce on the next count of a lifetime

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deal or something else if it pops up I

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need to do the right

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thing we can do

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this well as you can see this isn't me

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selling an SLS AMG uh two things

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happened one uh because of winter and

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Market changes they couldn't offer me as

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much money as they could during the

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summer not that big of a difference but

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still enough to give me a moment to

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think and that moment to think was

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enough for me to just turn around and

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drive this thing back home because I

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love this car I really need to sell it

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or do something to get some money to

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come in uh but I don't need it quite

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just yet so I'll have a slight stay of

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execution here and think of something to

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do I tried on only fans once and that

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didn't go so well so I guess we'll see

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what happens but uh next let's go back

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to the farm to see where all my money is

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going well I waited as long as I could

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to give an update on hu's garage 3.0

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several days because they assured me

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they were going to start this week and

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they have it uh progress continues on

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the house Edition the great room you can

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see it really starting to come together

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over here electricians coming in very

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soon uh but when it comes to hub's

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garage 3.0 not much has happened they

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did deliver the equipment to start

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putting it together uh but so far nobody

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has showed up to get started on actually

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doing the job and I'm not sure why it's

play08:02

been warm enough these last several days

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to actually start up we've had a lot of

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weather lately unfortunately which would

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have slowed them down but still this is

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about the third time where I've been

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told they're going to be out here and

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they don't show up which is very typical

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in construction unfortunately so the

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good news in all this is it does slow

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things down to where uh paying the bills

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makes things a little bit easier with me

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not selling the SLS uh but since I've

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already paid for the bulk of it the

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concrete and the building the

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construction there's all the

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geese it is beautiful out here we'll go

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inside here and finish things off

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because the geese are being a little bit

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loud in my only garage so it didn't cost

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very much for the erection for the

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building Parts the cheapest part of the

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building and obviously the most

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important part because I don't have a

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place to put my cars other than the

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hanger uh so yeah he looks what do you

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think of all this so obviously I was

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hoping to show you some of the building

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going up in this video that didn't

play09:00

happen but there's also some progress at

play09:03

the car Wizards and apparently he's

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found something very very weird with the

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46 Chrysler something he's a little bit

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scared of what do you think of that

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elix so we'll head to the car Wizards

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wizard well Old Faithful there Honda

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cord this which won't die will they no

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you just come in like you own the place

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huh oh sorry came in like the Kool-Aid

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man yeah

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so sorry well you told me that there was

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some interesting stuff that you found on

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the 46 Chrysler among other things so I

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definitely wanted you to figure out the

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heater because the heater hoses were

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disconnected uh to the

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firewall and you told me that the

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strangest heater you've ever seen so

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yeah it's quite a Hot Topic actually

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okay so we're looking for heater hoses

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like you said we can see where on this

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vehicle where heater hoses would go in

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like right

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here there's a little something a cap oh

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I see yeah and there's one way back

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there by that back spark plug okay this

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car never came with a heater core even

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when it was new it must have been in

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Florida or somewhere where there's no

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heater needed or heat would have been an

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option in 1946 that's hard to believe

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okay huh someone had this installed

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later on it's not even a heater that

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uses coolant right so it was that

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Motorola so I see the button that was on

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the dash the weird Motorola automatic

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climate control right here where it was

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off and 50 60 70

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80 so that was that was this thing huh

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yeah so these look like heater core

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hookups right they're not they're air

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intake or exhaust or something this

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actually is powered by

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gasoline

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wait so it takes the fuel from the gas

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tank like it has its own fuel line yeah

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there's a fuel pump here what and fuel

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would come in through here there's some

play11:01

more of the fuel line and you would

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select a temperature and it would light

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and so there is a spark and an open

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flame going on with this heater system

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from who know really a Motorola gas

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fired heater I'm sure it works very well

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when it works but that sounds terrifying

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it sounds dangerous we did put power to

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it and the fan comes on but do you

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really want to trust a 40 50 however 60

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80y old gas fired heater yeah that's

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really cool though so I see you have

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everything off along with some other old

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stuff here so my water pump you showed

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earlier being all shaky and this what's

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this that was the actual side cover

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gaskets the valve cover these are New

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Old Stock from 1947 wow you can see on

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the front this I think it's like 9:47 is

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the

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date mopar parts and accessories that's

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what I think on the part that is so cool

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so that's something old yep is there

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something new a heater solution yes

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right

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here well okay this looks the part it

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looks kind of art deco it would fit

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inside of here and not look out of place

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underneath the dash yes but you can see

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this uses heater core actual coolant

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pipes here a traditional like a modern

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heater okay and we would Plum these into

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the plugged ports I just showed you okay

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and you'd have heat again the only thing

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is this is a still a 6volt system so is

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this a 12vt fan yeah so I'm going to

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pull this fan out and actually put some

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6volt fans the square shaped like

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computer fans okay I can put one a big

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one right here it'll do the same job and

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run off of six volts not 12 all right

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and can you do like a resistor or some

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kind of Knob where I have any speed or

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is it just going to be on or off I can

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do a resistor elegant and subtle I guess

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underneath the dash yeah so there's the

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holes for the heater core right there so

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it's perfect

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it's for the passenger so April will be

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comfortable I think the compartment's

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not Giant in here I actually think it

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would heat the whole compartment fine

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yeah well that'll work I mean it's the

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exact same as what they had in 46

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without gasoline going in between your

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legs and lighting a flame yeah not only

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do you worry about getting burn alive

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but then there's carbon monoxide issue

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as well that's uh that's very

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interesting I guess we can go from the

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40s to the modern era because I'm having

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climate control issues with the CL65 I

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left it with you and we did a mechanical

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inspection like found the collapsed

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mounts and some things but you needed to

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dive into the blower motor and stuff why

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it wasn't kicking on on this V12 600

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horsepower Beast so that's probably a

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lot more electronic right we found

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actually Grime checked it over the

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actual blower motor itself is dying

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that's why it was doing that okay we

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were doing some checks you know it had

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that Collision error like messages on

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the yes uh well the battery is 10 years

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old that was it was giving errors we put

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a new battery end we found out there's a

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sensor actually back here underneath the

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bumper there's four sensors really

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there's one right around in here that's

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bad okay and it throws the whole system

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out of w see and I figured because it

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had been in a frontend collision it

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wasn't working because of that and it

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wasn't fixed properly so it was fixed

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properly it's just the back that's never

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been hit okay all right while he was in

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there we found the motor mount some

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transmission mount are like fully

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collapsed it's overdue on some services

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on the oil and the brake pads and rotors

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at some point are going to need to be

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done and they're so expensive so you

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have an estimate for me yes let's go

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take a look at it okay well and this

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one's still waiting for a radiator to

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get fixed but the Callaway it's on the

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ground huh it's actually done oh so all

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the LT1 stuff the Opti spark things in

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the water pump yep we just need some

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nice roads huh to get it out of here

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that's right okay so there is a bill

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probably yes and you're not going to run

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from this one it's actually not too bad

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this in here

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y your brakes are going to be over three

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grand they're $700 per

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rotor yeah I could have knew that with

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AMG brakes but they're at 4 mm I mean I

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can wait probably 6 months or so

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especially if I'm a daily driving it or

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whatever okay yeah brake fluid service

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Trans Service

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overdue blower motors 500 bucks and then

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the engine mounts $1,100 and the

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transmission mount together okay

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serpentin

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belts yeah

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yeah Okie do well so everything probably

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but the brakes for now but

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right shoot and I need to get some

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different wheels for it but I'm looking

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at five or six grand here if we were to

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do everything easily

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yeah anyway okay and the Camaro bill is

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not this big right no cuz this video

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started out with me needing to sell my

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SLS AMG and then I couldn't bring myself

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to do it because the bills are piling up

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not wizard bills but home bills and new

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garage bills and taxes and everything

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else but uh yeah I guess I need to

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remember my Wizard Tax as

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well all right all right you ready to

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get throw it on you okay there you

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go that's a lot for a

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Camaro but still again compared to the

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78,000 ones you've been giving me lately

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this is a little better but there was a

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lot of work it was actually yeah optis

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spark distributor the new one $278 I

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mean everything still reasonable Parts

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wise on this

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car yeah for everything he did not bad

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no not bad okay well I'll pay up but I

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don't want to drive it on this crap out

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here so if you don't mind storing it for

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a bit I'd appreciate it that's fine no

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problem thanks wizzy

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