BMW has announced plans to restore Elvis Presley's 507 Roadster, which the rock star bought in 1958 while stationed in Germany with the U.S. Army.
According to MSN Autos, Presley fell in love with the Roadster after learning the Porsche 550 Spyder wasn't available. He leased the car for $3,750, which is about $450,000 today. It is one of only 254 507 Roadsters.
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The Roadster had been part of BMW's test fleet and was outfitted with upgrades before it was shipped to Presley. Rumor has it that he had it painted red because he was tired of female fans writing on his white car with their lipstick.
When Presley returned to the U.S. in 1960, the Army shipped his car from Germany back to the States. He sold it two years later and the new owner modified the Roadster for drag racing.
It was sold again in 1968 and apparently spent
decades sitting in a warehouse, World Car Fans said. Now that owner has sent the car back to BMW for restoring, a process that could take two years.
Presley's Roadster is currently on display at the BMW Museum until Aug. 10, MSN said.
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