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But that's for rare/valuable cars. Why would anyone put $100K+ into a car that will never sell for 1/2 that amount?
Then really 80% of all cars should never been restored. If someone is up for a challenge who can do most of the work then this could be fun. If you have xx amount of money to buy the car of your dreams then no. I am not saying it's money smart to restore this car. In fact it's fair from it. I'm just saying it could be done.
Then really 80% of all cars should never been restored. If someone is up for a challenge who can do most of the work then this could be fun. If you have xx amount of money to buy the car of your dreams then no. I am not saying it's money smart to restore this car. In fact it's fair from it. I'm just saying it could be done.
I guess having done MANY restorations over the years, I look at things logically. I also wouldn't trade used $100 bills for new $1 bills.
I guess having done MANY restorations over the years, I look at things logically. I also wouldn't trade used $100 bills for new $1 bills.
No I agree with you 100%. The three body off resto my dad and I have done we came out ahead. I wouldn't restore a car that I couldn't get money out of. All cars needing the same amount of work cost about the same to restore the key is the original purchase price.
On the same note I have seen plenty of people who take base motor base cars and restore them to a high level. And I know they are in the car for at least twice is what the car is worth.
To say this car is junk or a parts car is false. It just takes a special person to want to tackle it.
I know. I've sold several cars to them. I'm a builder/restorer. Once the car is done, I no longer have any interest in it and move on to the next job. Thank God for the buyer/waxers. Without them, I wouldn't have a hobby.
It always amazes me how completed cars get nickeled and dime'd to there lowest common denominator, yet this rolling pile of parts will bring 20K?
Rust in the birdcage and the frame, a great reason for most of us to walk away.
What appear to be stock wheel openings, a great color combination and what someone will get on the internet and decide that there is an "optional adjustable steering column that no one else has noticed, probably worth $7,500 alone"... And it's a Sting Ray coupe.
Someone will give $20K for this. Just not me and if you're a part of this Forum, not you either.
"optional adjustable steering column that no one else has noticed, probably worth $7,500 alone".
Ray
Gee, my 65 had one as well. They tend to sell for $1-2K in perfect shape. They really aren't that big of a deal that some think they are. The same column was used in Corvair's.
ive been wanting another midyear very bad. Sometimes, too bad.
I've got a friend potentially selling his 65 327 original motor (rebuilt in the 80s I believe- not in the car). He's owned it for ~30 years and never really did anything to it.
It's red with white and black interior.
Almost everything needs to be redone. I am concerned with the frame... Haven't got under it too detailed but cant confirm its condition. Bird cage seemed good but also want to look closer. The bird cage would be a deal breaker to me.
I just feel if I buy and finish this I will have been better off buying one done... Labor of love perhaps.
He's hoping for 20k out of it. Thoughts?
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Would probably be a long time & lots of $ till you could drive it & then start ironing out the bugs from that much redo
I'm surprised this car got so much airplay here. Barring a birdcage tragedy, yes the car could be restored. But, it just makes no sense unless, as mentioned, it has some special provenance or incredible sentimental value to someone.
People do it anyway though. Like the guy I know who threw $70Gs into a gen 1, nothing-special, Camaro that is now worth about $48Gs fully restored.
How far away from you (the OP) is the car located?
If is is close by, or you can get someone close to the car to do a real honest appraisal of the CONDITION (not price), that is worth doing.
We THINK the car will need a new frame and birdcage repairs, but we don;t know that for sure.
What if the car turns out to be an original no-hit body, and the birdcage / frame issues are minimal?
That would be a original drive train, original no-hit body, fairly solid restoration project.
$20K is the asking price; that may not be far off depending of what the car is (engine and options) and how bad the birdcage / frame are.
Both of those questions could be answered with a condition appraisal.
Also, the restoration costs would depend on what type of restoration was being planned. An NCRS top flight restoration is expensive, a nice driver restoration not quite as bad.
Also, if it is a viable project ... GET IT RUNNING AND DRIVING FIRST!!!
We are all more motivated to work on improving a car we can drive, or have driven.
I would also involve the prospective bride in this decision ... that will avoid the marital issues in the future.
I love project cars and have had my fair share of them. JMO but I would walk away from buying any Corvette as soon a I found a rotten birdcage and or frame.
"Run, Forrest, Run!".....The O.P already did run, on post #12. Stated that he had moved on. Why the continued interest after the fact is anybody's guess!!
05-24-2016, 08:16 PM
But that's for rare/valuable cars. Why would anyone put $100K+ into a car that will never sell for 1/2 that amount?
