Which Car To Restore?
July 24, 2010
If you want to buy a car for restoration, then there are a number of things you need to take into consideration before actually buying one. The first question is what type of restoration you can afford. If you have an endless amount of money available, then you can afford a vehicle that needs a lot of work and rare parts. If, like most people you are on a limited budget, then you need a car that needs minimal work, or whose parts are cheap and are easily available.
If you can carry out a high percentage of the restoration, work needed yourself then you may be able to take on a bigger project than someone who can do none of the work themselves. Doing virtually all of the work yourself can reduce the cost of restorations by up to 50%.
Before you buy a car for restoration check that you can source parts and skilled labour in your area. Speak to owners clubs for help with this part of the process. They know which garages and mechanics are used to working with the make and model of car that you are interested in buying and restoring. Speak to those mechanics that you find about how much they charge and how busy they are. Some are so in demand that they have up to a years worth of work waiting to be done. When you have found the car you think you want to buy and know roughly what needs to be done to restore it, ask them to give you a rough quote. Over 30% of restoration projects do not make it to the end, mainly because the new owners run out of money before the project is complete. Planning is everything.
Work out what the yearly maintenance and running costs will be for the car once it is restored. Some old cars are very expensive to insure. If you do not already have a garage where you can store the car factor this cost in too. Storing or restoring a old car on a drive is not practical.
Work out roughly how long the restoration work will take, in some cases it will be years. If you want the vehicle to use on a special trip, then you may be better off buying one that has already been restored.
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