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Classic Car Restoration
If you love old cars, the classic car restoration may be the secret hobby that
finally comes to the top of your To Do list.
Before you start, there is a lot to know.
First, there is a big difference between proper classic car restoration, simple
rebuilding and general repair. The car restoration process is very complex and
needs to take into consideration not just the obvious parts of the car, but also all
the mechanical components that need to be brought back to their original
condition.
Failing “attention” to these details may make your car not worth as much as you
think it is after all work is completed.
If you have extensive knowledge of the car, or are in the process of acquiring it,
you may be in good shape. Many amateurs end up ruining their car by not paying
attention to all the nitty gritty details. The end result is a car that has been
replaced with parts that look alike, but are not the originals. Finding the “correct”
parts and paint for your car can be quite a challenge.
Also, anyone venturing into this game needs to clearly understand why they are
doing so. This may seem obvious, but have you ever know someone who
remodeled their house and saved no expensive only to make it the most
expensive house on the street – with no buyers for that kind of money in that
neighborhood?
Well, it’s the same for classic cars. If you are doing this as a labor of love with no
intention of selling, then you can go nuts. If not, then you need to clearly
understand the maximum value of your car at the level of desired restoration.
Then calculate what the restoration will cost depending on the complexity and
make sure you have not over spent. If you are doing it for immediate resale, then
you need to figure out your profit and add that into the equation, which will lead to
the maximum you can pay for your car.
For example – John wants to restore a 1967 2 Dr GTO convertible.
100 pt top end value - $100,000
Frame off Restoration Cost: $45,000
Profit Target: $20,000
That means that John has to pay $25,000 or less for a Hemmings Rated 2/3
project car and hope the restoration budget holds!
What you don’t want is to end up with a great car that cost you $120,000 that the
market says is only now worth $80,000! We want to be the buyers of that car,
NOT the sellers!
Follow this link to sign up for a free 34-page Restoration ebook and get all
the facts and helpful inks.
http://www.yourdreamcarfinder.com/classic_cars_for_sale.htm
If you want to own one of these beauties and have knowledgeable professionals
locate, authenticate and deliver the car to you – often with no money out of your
pocket, then talk to us at Your Dream Car Finder.
Enjoy the e-book and start your journey,
We hope you enjoyed this article!
Cheers
Tim Leary
Elon Block
www.yourdreamcarfinder.com
www.classiccarbuzz.blogspot.com