Author Topic: Unfortunate cost of Restoration...  (Read 20511 times)

Offline YellowThumper

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Re: Unfortunate cost of Restoration...
« Reply #45 on: March 22, 2016 - 08:43:25 PM »
There's plenty of reasons to restore a car.....

I started this thread because I think the "COST" of the restoration has got so crazy that even an old guy wanting to restored his car from his youth, now has to consider it a major investment. $50K plus is an average to completely restore any type of Mopar these days :screwy:

Myself I couldn't dream of owning a $50K car sitting in the garage 6 months of the year when my family is swimming in debt...I have to sell it or I drown....

Duly noted on your point. I heard a saying quite a few years ago about my trade. Plastic injection tooling. An old timer made statment of "back in the day when labor was cheap and technology was expensive. Now it is labor is expensive and technology is cheap. Obviously we work to make a living but the real problem now is the cost of doing the business has increased exponentially over the years.

Mike
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Offline dakota

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Re: Unfortunate cost of Restoration...
« Reply #46 on: April 03, 2016 - 07:02:06 AM »
I've been doing repairs on cars since I was a teenager, so the cost of parts on my Challenger hasn't been way out of line from what I expected.   The work that absolutely trashed that moving target I jokingly refer to as "my budget" was getting the car stripped and repainted - it turned out great, but it was a huge chunk of $ all at once and well past 2x what I originally  thought I would spend.   I'm suffering from "mission creep" like many others in terms of looking at one "simple" thing to fix which leads to 3 other things that need to be dealt with: bad wires, chunks of rust in the gas tank, dry-rotted rubber somethings.  With the weather still being crappy (snow again this morning!), there's too much time to surf the web looking at potential purchases that would be nice but aren't really necessary to get the car back on the road and have it run reliably.   It's still worth keeping a mental list of these items as considerations for future upgrades, but I just keep telling myself to only buy something if it's absolutely needed for the car right now.  I'm pretty sure my car will never be worth what I'll end up spending on it, so this "look but don't buy" approach is probably the best way to keep some balance between finding enjoyment out of working on the car without it becoming a complete money pit.

I do appreciate hearing the other perspectives shared on this thread.   There's some level of twisted comfort that comes from knowing other people have to juggle some of the same issues I do.   Within the last week or two, there was a response to a newbie's first post which includes the words "welcome to the asylum" - yup, that's on target.   That said, there are certainly many worse things we could be doing with the time and money we spend on the cars.

Offline soundcontrol

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Re: Unfortunate cost of Restoration...
« Reply #47 on: April 03, 2016 - 07:55:45 AM »
Most hobbies cost a lot, at least I can sell my car and retrieve some/maybe most of the money if I had to or if I loose interest. My sister owns a racehorse, that one costs way more than my car over time, and one day it over, its gonna die or just get old. And its only got one HP!   :grinno:

/ Ken
Restoration thread: http://www.cuda-challenger.com/cc/index.php?topic=102525.0
topic=108917.new#new

Offline Rdchallenger12

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Re: Unfortunate cost of Restoration...
« Reply #48 on: April 03, 2016 - 08:06:54 AM »
Almost makes you want to think if just getting one that's already been restored would be better off or just purchasing a whole new Challenger instead (SRT of course). Me, I'm able to still drive mine so we'll see what happens when I do finally bite the bullet and tear down.

Offline rt green

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Re: Unfortunate cost of Restoration...
« Reply #49 on: April 03, 2016 - 08:13:29 AM »
if the old guy wants to restore it, more power to him. you only live once. it would probably make his retirement worth living. better than sitting on your ass waiting to die.  hard to put a price on feeling young again. 

Offline BIGSHCLUNK

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Re: Unfortunate cost of Restoration...
« Reply #50 on: April 09, 2016 - 12:46:48 AM »
You know how many guys here are part of the over the hill gang...... ???  :faint:  :smilielol:  :smilielol:  :smilielol:
70 Chally R/T Convertible- Yes she's really got a HEMI, no she's not a Charger!
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                                                  OO 
                                              [o o o o]
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Offline anlauto

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Re: Unfortunate cost of Restoration...
« Reply #51 on: April 09, 2016 - 07:30:56 AM »
Weird....I just had another guy with a Demon call me yesterday inquiring about having his car fully restored. This time the owner wanted to do most of the work himself, and just wanted my help getting the car stripped to bare metal, metal work done and have the car painted....

When he told me he has about $10K -$15K budget to do the whole car is when I knew I had to break the bad news to him. I lose more business that way  :crying:

His original 1972 340 4spd Demon spent most of it's life as a race car, he said the body is "MINT" and only needed the rear wheel tubs fixed (had been widen).

Because I out-source the media blasting, the metal work and of course the final paint work, I know what my associate companies would charge me to do the work.
With-out seeing the car, I had to tell him to get the shell from where it is today to final paint would cost $20K-$25K depending on metal work...and he would still have to restore everything else on top of that. :22yikes: There goes his budget.
I'm telling ya.....the cost of restoration is crazy ! :pullinghair:
I've taught you everything you know.....but I haven't taught you everything I know !
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Offline rhamson

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Re: Unfortunate cost of Restoration...
« Reply #52 on: April 09, 2016 - 09:09:33 AM »
Almost makes you want to think if just getting one that's already been restored would be better off or just purchasing a whole new Challenger instead (SRT of course). Me, I'm able to still drive mine so we'll see what happens when I do finally bite the bullet and tear down.
I was watching Barrett/Jackson Palm Beach last night and a 1964 Cadillac restomod crossed the block. It was a convertible with a complete 2009 Cadillac drive train and interior grafted onto it. The 2009 wheel base had to be stretched 11 inches and the Northstar engine and transmission were adaded to the car. The computer and diagnostics were all intact as well as the touch screen center pod with Nav and all the other goodies. The car hammered down at $17,000. I can't imagine the loss this was. Cars are losers. The only thing that eases the pain is how much you love the car.

Offline 71gogreen

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Re: Unfortunate cost of Restoration...
« Reply #53 on: April 09, 2016 - 09:19:42 AM »
Why would somebody restore an "orginal" Cadillac" then, add there own twist to what a great thing to turn it into a restomod and think the world would love what I have done to this car. Restomods are to much of a risk !
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Offline anlauto

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Re: Unfortunate cost of Restoration...
« Reply #54 on: April 09, 2016 - 09:40:58 AM »
I think ANY modified car is a risk. Whenever you change something on your car to suit your own taste, you better hope some one else likes it when it comes time to sell. :2cents:
I've taught you everything you know.....but I haven't taught you everything I know !
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Offline 70chall440

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Re: Unfortunate cost of Restoration...
« Reply #55 on: April 09, 2016 - 11:04:05 AM »
I would agree that a modified car is risky from the standpoint that is has been personalized; however overall I think a restomod is a better course of action for a business. I think there is a larger audience for a old car with a modern drive train. The Cadillac discussed here and sold at BJ was a neat car, but very niche and selling at a no reserve auction is always a risk. If the right Cadillac guy would have been there, it would have sold for more.
Current Mopar
70 Challenger RT 440-6 EFI, 73 Cuda 416-6 EFI
05 Hemi Durango, 01 Ram 4x4, 14 Ram 2500 4X4, 10 PCP Challenger 6 spd RT, 01 Viper GTS ACR, 52 B3B w/330 Desoto Hemi, 70 Hemi RR (under const)
Past Mopars
9 x Challengers. AAR Cuda, 4 RR, 2 GTX, 4 Chargers, etc... (too many to list)

Offline 1 Wild R/T

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Re: Unfortunate cost of Restoration...
« Reply #56 on: April 09, 2016 - 11:18:10 AM »
I would agree that a modified car is risky from the standpoint that is has been personalized; however overall I think a restomod is a better course of action for a business. I think there is a larger audience for a old car with a modern drive train. The Cadillac discussed here and sold at BJ was a neat car, but very niche and selling at a no reserve auction is always a risk. If the right Cadillac guy would have been there, it would have sold for more.

Yeah18K... You need the TWO right Cadillac guys.. :smilielol:
JS27N0B 70 Challenger R/T Convertible  FJ5 Sublime, Show Poodle w/90,000 miles since resto
WS27L8G 68 Coronet R/T Convertible  PP1 Bright Red, Project
RM21H9E 69 Road Runner Coupe R4 Performance Red, Sold...
5H21C  65 Falcon 2 dr Wagon... Dog Hauler...

Offline 70cudageorge

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Re: Unfortunate cost of Restoration...
« Reply #57 on: April 09, 2016 - 11:43:18 AM »
Yen I was watching Barrett Jackson for a while looking at the cars restoration and thinking the same thing, The amount of money and time put into these cars in the paint ,chrome ,interiors ect, One car sold for thirteen grand, This guy must have lost his shirt. George

Offline rhamson

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Re: Unfortunate cost of Restoration...
« Reply #58 on: April 09, 2016 - 12:58:13 PM »
Like I said any car is a potential loser whether you are repairing rust or fixing others mistakes you have to choose your project well and know the bottom line. I prefer to work on non collectibles as what I do to it does not change my intent (read value lost) and I get what I want. I don't do a lot of restomodding because of my time constraints and budgets and certainly no 5 star restorations for the same reasons x 10. I have sold cars professionally, worked on them to save money and hot rodded them for fun. I always expect to lose on any modified car. You can never get your money back. But how do you put a price on the fun and experience?

Offline rhamson

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Re: Unfortunate cost of Restoration...
« Reply #59 on: April 09, 2016 - 01:06:01 PM »
I think ANY modified car is a risk. Whenever you change something on your car to suit your own taste, you better hope some one else likes it when it comes time to sell. :2cents:
I have always shied away from a hot rodded car and especially if it is some kids project. You never know what was changed and if it will make a difference in getting it anywhere near dependable. If I do buy one like this ( and I have , ever the romantic) I either have to get it at a steal or count on going back through the car to right any wrongs including engine and transmission work. Too many times I have heard of a guy buying somebodies 600 HP car one day and towing it home after it stranded him with a hefty repair bill the next day. Cars are losers and as long as you understand that you can get on with enjoying them. Now buying and selling to make a profit is another topic entirely. And a little slimy.