Scored On An Air Compressor!

A couple pics of the thing. I'm going to tear it down and replace the aluminum lines with copper as well as seals as you can see they are leaking. Will also blast and paint some of the pieces as the surface rust really bugs me. :)
Also, as you can see in the last pic, the wires have gotten hot enough to start melting the insulation. Not sure what would cause that other than he didn't have it wired with the correct amp breaker or it's not the right type of wire.

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dang man - you got THAT for $50!!? you DID score!!!