To give you an idea, i am now 95% finished on my 74 Challenger. I restored it myself doing all of the body work and paint priming and then having a professional painter..paint it plum crazy!!
My cost:
1) $5,000 for the car. Which came with an uninstalled 360 Built V8 (builders invoice came with it... new pistons, rings, Mopar performance 508 cam, edelbrock RPM AIR Gap intake, and 600 CFM Edelbrock carb).
Car was missing the front and rear windshields, but was intact otherwise. Included newly reupholstered seats, and rear interior panels. Needed new tires as the ones on it were dry rotted.
There was rust on the bottom of the quarters, and around the trunk area. Doors forward were completely rust free. Bumpers needed re-chroming or replaced.
2) Spent on the car with work done myself was:
$300 for towing car to my house
$150 New gas tank, and installation gaskets, and gas gauge sending unit.
$125 used rear glass
$120 New windshield
$150 installation of both (I dont have the proper tools for shooting the urethane, so thought that price was good.
$200 on rear quarter patch panels..4 of them
$150 on new front bumper.. cheaper than rechroming the original.
$350 on primer paints...PPG Shopline epoxy and 2k primers, with necessary hardeners and thinners.
$2500 on professional painting... plum crazy
$450 new tires and alignment
$75 on new Halogen headlight bulbs, and numerous bulbs for the car
$150 for "good quality" drivers door card
$125 new carpeting.
$150 on used good shape floor console
$1300 Vintage Air air conditioner.
-$300 sell of old air conditioner and heater box
$30 freon
$200 904 automatic rebuild kit and misc parts (yes, i rebuilt the tranny myself)
$150 new rear brake shoes, brake cylinders, and front hydraulic brake hoses
$1,000 Misc parts, and supplies like sand paper, body filler, spray gun, paint remover, spray gun cleaner, gloves, specialty tools for transmission, etc, etc, etc . .
My current total is at $13,500 plus I would estimate about 400-500 of my man hours. That if I had to pay someone at $50 hr would total another $16,000-18,000.
Now when i finish sometime this summer, I will have a gorgeous plum crazy hotrod, that I will consider to be in "high quality Driver" condition. My guess is that the resale value is around $24,000. So, yes in my case because i did ALL of my own work with exception of prof painter.. I have saved some money...but... my 400 hours is only worth about $15-20 hr...if you do the math.
However, I cant even begin to tell you how much pride I have in saying... I DID IT MYSELF !! Without any formal body or mechanics training.