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Discussion Topic:
Cost of a restoration
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37RAGTOPMAN |
03-05-2010 @ 1:13 PM
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Senior
Posts: 1958
Joined: Oct 2009
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I viewed the picture of what you started with,You have acomplished something that few people can do,and when completed you should be proud of, LETS see the finished car,!!!! 37RAGTOPMAN
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37RAGTOPMAN |
03-05-2010 @ 1:13 PM
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Senior
Posts: 1958
Joined: Oct 2009
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I viewed the picture of what you started with,You have acomplished something that few people can do,and when completed you should be proud of, LETS see the finished car,!!!! 37RAGTOPMAN
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wmsteed |
03-03-2010 @ 10:04 AM
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Senior
Posts: 613
Joined: Oct 2009
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I view my old car love affair to be nothing more than a hobby, and like any hobby it makes no sense to most outsiders, my wife included. With few exceptions, I always end up with twice the amount of money I budgeted for the project. I think I recently responded to a similar question by stating that the majority of phases required to restore a vehicle all fall into the $6,000/7,000 range. The one good thing about restoring cars is that the hobby minimizes the patronizing of bar's, girlie joints, and gambling halls because there is no money left for such activities.
Bill 36 5 win delx cpe
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sunflower |
03-02-2010 @ 4:59 AM
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New Member
Posts: 108
Joined: Feb 2010
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Thanks to all for the help, like suggested I am better off to purchase one already finished,at age 74 I do not need the headache's involved to have one restored nor do I have the time.I looked at several nice cars with the help of some friends in the price range of high 30's to low 40's.Thanks again for all the help
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tommorookian |
03-02-2010 @ 3:49 AM
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Member
Posts: 62
Joined: Oct 2009
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Here's what I started with. A rust bucket from a farmers field, After 3 years, untold hours of labor and buying parts it's $28,000 so far and there's still no interior. I had the help of a GREAT retired body man who did all the sheet metal work and even put pieces from 3 front fenders together to make one good one. I hope the pic comes thru
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1934 Ford |
03-01-2010 @ 5:24 PM
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Senior
Posts: 573
Joined: Oct 2009
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Sunflower, All the advice above is good, but you wanted $ figures. Depending on who you hire, the rates can be from $35.00 an hour at a local body shop to $95.00 an hour at a real restoration shop. If you did it on the cheap, Labor @ $50.00 Hour X 600 hours = $30,000 plus parts! Or do it piece meal as you find somebody willing to do these items: Engine rebuild $4000, Transmission and Rear end $3000, Body work $4000, Chrome $2000, Paint $5000, Interior $5000, Tires & Tubes $650, Electrical $2500, Brakes $800, Safety Glass, $1500, Accessories $1000, Miscellanous Parts & hardware $2500. Plus 20% for unforseen problems, plus 20% to redo what was done wrong or stuff you paid for that did not get done. Alternative: Retire and spend years learning new trades to do it yourself. It is rewarding but not a good financial move. That's my opinion (Based on doing it myself for 38 years and still not owning a Show Car)
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CharlieStephens |
02-28-2010 @ 7:28 PM
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Senior
Posts: 888
Joined: Oct 2009
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If a car has great sentimental value you should consider restoring it (your late father bought it new and it was part of the family as you grew up). If you own a garage that also does paint, body work and upholstery and you need something to act as a time filler between customer’s jobs you might want to consider restoring a car. If you are retired and bored and place no value on your time it might be fun to take classes at the local adult school and restore a car. If the car body type is so unique that you don’t think you will ever find a restored one you might want to consider restoration (most Fords don’t fall into this category). If you are like most of us you are better off buying a car restored to the condition you want and enjoying it. Of course expecting to do minor work and make improvements are reasonable. Now to the question of the cost of restoring a car. Find a car restored to the condition you want and assume that the price of the car is about the cost less the cost of a restorable car. If it was possible to buy unrestored cars and restore them at a profit there would be a lot of people in the business of restoring cars for resale. If you want a different estimate you might want to put together a list of what you need to do during a restoration and get some estimates for the major cost drivers. Have a few friends review the list. Be sure to include a contingency for cost overruns. Charlie Stephens
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51f1 |
02-28-2010 @ 5:34 PM
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Senior
Posts: 573
Joined: Oct 2009
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Don't do it. If you do it right and are working a full-time job, it'll take years. And you'll never do it as well as a pro. In my opinion.
Richard
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37RAGTOPMAN |
02-28-2010 @ 12:54 PM
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Senior
Posts: 1958
Joined: Oct 2009
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Buy a restored car,it will be cheaper in the long run, but if you were going to do it yourself and are capable and are committed to the restoration,you will get much satisfaction in doing so,but if you have to PAY someone else ,,,,forget it,!!!!!!!! and it ALL depends on how old you are, and how much time you have, even farming everything out is still time consuming,and do you want a runner or a SHOWCAR,???and it has a lot to do with how nice is the car you interested in,and starting with, does it need rust repair,? body off frame,? you have to ask yourself these questions, hope this helps.37RAGTOPMAN PLEASE POST PICTUREs of the car you are considering, the member will give you feedback on it,
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supereal |
02-28-2010 @ 10:06 AM
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Senior
Posts: 6819
Joined: Oct 2009
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Amen, Brian. When I consider buying a car for restoration, I insist that the car be drivable, and with current license and title, no exceptions, unless it is to be used for parts only. After years in the hobby, I find that it requires a minimum of about three times the purchase price to result in a "driver" vehicle, and often more if it is an uncommon model. Almost always, the resale of a restored car brings less than the actual money spent.
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