A CAR whizz has told how he bought a luxury BMW for just £500 when it's worth nearly £3,000 - here's how you could too.
Matt Goodwin, from High Peak Autos on YouTube, picked up the blue BMW 520i for an incredibly cheap price.
And, with some minor fixes and superficial tweaks, he plans on flogging it for an outstanding £2,995.
The late 2003 BWM model had just 90,000 miles on the clock - which isn't bad at all for a 21-year-old motor.
When the car guru saw the vehicle, he said: "That's a lot of car for £500, the paintwork isn't the best, and it does need a very good clean.
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"But, I love this era of BMW."
Matt verified the previous ownership through a platform called CarVertical.
This app allows potential buyers to check a car's history using its licence plate.
Simply enter the registration number and CarVertical will tell you if the vehicle has ever been stolen, written off, had a mileage rollback or has outstanding finance on it.
It even checks databases across 35 different countries.
Matt assessed the main issues with the car were small exterior jobs.
His goal was to flip the motor for £1,000, including the £500 buying cost.
The car whizz explained on his YouTube account High Peak Autos: "I paid £500 for the car, so it was cheap, I put £30 of fuel in, £30 on two mini valets.
"Then the bill at the mechanics included a rear bumper reflector which was £18.23.
"An offside front grill which came to £31.76, plus some labour, £50 to fit.
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"The offside front fog lamp was £141.18.
"So my grand total was £289.40."
Meanwhile, the fresh paintwork and buffing cost £225, making the grand total, £1,074.
"I'm quite pleased with that," added Matt.
If he was to sell the car for his listed price of £2,995, Matt would take home an impressive £1,921 in profit.
It comes as Matt also also urged drivers to pick a "smooth, quite, quick and silent" EV that's "perfect for the city" and costs just £4,000.
He snapped up a 2016 Nissan Leaf for just £4,000.
The car whizz also went through a handful of motors that are "fun to drive" and priced at just £3,000 or less.
