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I cant find a Mercedes sports car like the 240D. Many people are pointing me to the SAAB 9000 as a car that can bought for less than 2 grand and can be modified , and still look dignified like a Mercedes. I would like to overhaul the engine and boost it to 270 HP.
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The Saab 9000, to put it lightly, can be extremely unreliable.
If you're looking for quick reliable and fairly inexpensive turbo power, I'd suggest an 1985-92 Volvo 740 Turbo or Volvo 760 Turbo.
The Mercedes 300E also comes to mind as a sedan in that class, but you'll get 270 hp out of a Volvo turbo four-cylinder for far less than it'd cost you to get the same amount out of a 300E's Six.
-Sam