1951 Mercedes-Benz 220

• this is a full restoration project — the grey paint is dull with rust breaking through along the lower doors and sills, so a respray and metalwork are unavoidable costs
• the convertible top is collapsed and tattered, with torn fabric hanging off the frame, so a complete new top is a major bill
• the red leather seats are shredded, with the covering flaking off and the stuffing exposed, so a full retrim is required
• the driver's door card has a large torn hole in it, so the interior needs everything, not tidying
• the trunk floor is heavily rusted orange with holes showing, so floor replacement money is certain
• the engine bay is rusty around the radiator support and air cleaner, so expect a full mechanical recommission on top of the body work
• the underside on the lift looks dirty and surface-rusted with a rusty exhaust, consistent with the rest of the car
• the chrome bumpers and grille are pitted and rust-flecked, so rechroming is another line on the bill
• the dashboard wood and gauges survive under the dirt, which is about the only trim that looks saveable

Money: at $39,950 you are buying rarity, not condition — every system in the photos needs restoration money, so the price only works for a buyer budgeting a full rebuild.