Musings: Restoration = Money loss! (ALWAYS)
One quick note: Certain things just don't count when figuring investment amount. ie; Tires, Tune up parts etc... But you are correct. It's just the nature of the beast. I watched a very nice Orange Duster sell for only $8500 on Mecum auction last night(may have been a repeat). I'm sure they had more into the restoration than $8500. It was a nicely done 360 car. If you really want to make $$ doing this, You need to pick the right car to start with. And everyone and their brother are trying to do it right now which drives the price way up for anything that can bring a nice return. I hate to say it but Chebbies are easier to make a profit on. But what fun is that? I'm sure I have more into my '73 Dart than I can sell it for but I smile ear to ear when I drive it.
One quick note: Certain things just don't count when figuring investment amount. ie; Tires, Tune up parts etc... But you are correct. It's just the nature of the beast. I watched a very nice Orange Duster sell for only $8500 on Mecum auction last night(may have been a repeat). I'm sure they had more into the restoration than $8500. It was a nicely done 360 car. If you really want to make $$ doing this, You need to pick the right car to start with. And everyone and their brother are trying to do it right now which drives the price way up for anything that can bring a nice return. I hate to say it but Chebbies are easier to make a profit on. But what fun is that? I'm sure I have more into my '73 Dart than I can sell it for but I smile ear to ear when I drive it.