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Determining if your car worth restoring.


Realistically I believe all old cars should be restored. Face it, they're not producing that car anymore. The return on your investment depends on a few factors. First, lets define restoration. Its a complete top to bottom refinishing, replacing, repainting of every component with all the correct parts, colors, textures. Restorations rarely return a profit unless you are capable of doing the work yourself. A so quality job usually costs more than the market value, however market value based on price guides or classifieds are inaccurate because of varying levels of quality in the workmanship. You rarely find top notch restorations for sale.

Presently any convertible is a good choice as are low production hardtops and trucks and public popularity controls those models. Most people however choose a project based on personal preference for a model and year, then the profit potential. The starting condition also determines the final investment vs. worth ratio.

A free or cheap rust bucket that requires the purchase of missing or damaged parts drives the cost beyond vehicle worth if a shop does the complete restoration. Spending more money for a better starting point makes sense, but remember you do not want to buy the sellers labor! Look for new parts and rechromed parts. What the seller spent in time getting the car to that point is irrelevant. You will be redoing his work anyway. A rough but original body gives you a better view of the steel work than a shiny paint job hiding poor steel work or no steel patching at all. If you are capable of doing your own mechanical, steel, paint work, the sky is the limit as far as choosing a model; that is as long as it remains a hobby and you don't put a dollar figure to you hours.

John la Via
Ralph Baldwin
BL Coachworks

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