- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Anyone restored a car from basically nothing?
Posted on 6/15/20 at 8:21 am to yankeeundercover
Posted on 6/15/20 at 8:21 am to yankeeundercover
You're staring at 10 grand in metal work, alone. Another 10 grand for paint, and you haven't started the rest of the car, yet.
0
Posted on 6/15/20 at 8:25 am to yankeeundercover
Looking at the pic, you'll have more money in the car than it's worth IMO. And that's not looking at the frame, rust, interior pics.
That's not a big deal if it's sentimental, but if you're looking to flip, I'd pass.
That's not a big deal if it's sentimental, but if you're looking to flip, I'd pass.
This post was edited on 6/15/20 at 8:41 am
Posted on 6/15/20 at 8:35 am to yankeeundercover
Run away! Run away!
If you want to know how bad off it is take a pencil and paper. Tally up all of the big ticket items. If the sum of these exceeds 70 or 80 percent of a restored car then I wouldn't touch it with a 30 ft pole.
Its even worse if there is major structural issues due to rust or a collision. Most of these rust buckets aren't worth it even if it's free.
If you want to know how bad off it is take a pencil and paper. Tally up all of the big ticket items. If the sum of these exceeds 70 or 80 percent of a restored car then I wouldn't touch it with a 30 ft pole.
Its even worse if there is major structural issues due to rust or a collision. Most of these rust buckets aren't worth it even if it's free.
Posted on 6/15/20 at 8:36 am to yankeeundercover
quote:
and I'm not looking to spend $20k in parts/etc
youre going to need more than 20k...
theres a reason that hasnt been bought. it is more trouble than its worth.
Posted on 6/15/20 at 8:46 am to CarRamrod
I appreciate all the feedback... thanks guys.
I understand what you're all saying.
That said, anyone have a good resource for this type of car that would be a better investment?
I'm not necessarily looking to "flip" it, but I wouldn't want to keep it forever and I'd like to get my money back out of it.
I've got a guy who's good with domestic cars that'll work for cheap...
I just don't know where to find a "reasonably priced, driveable, restoration project car" if that makes sense?
I'm just not ready to drop the $25-30k on one that's already been restored.
So any links or direction you guys can share would be awesome.
TIA
I understand what you're all saying.
That said, anyone have a good resource for this type of car that would be a better investment?
I'm not necessarily looking to "flip" it, but I wouldn't want to keep it forever and I'd like to get my money back out of it.
I've got a guy who's good with domestic cars that'll work for cheap...
I just don't know where to find a "reasonably priced, driveable, restoration project car" if that makes sense?
I'm just not ready to drop the $25-30k on one that's already been restored.
So any links or direction you guys can share would be awesome.
TIA
Posted on 6/15/20 at 8:48 am to yankeeundercover
Get another of the same year that’s in better shape. Use whatever useable parts from this pile on that. Otherwise, this car is essentially junk and won’t be worth the hassle.
Posted on 6/15/20 at 8:49 am to yankeeundercover
That’s a $300 pos and unless you own a body shop you shouldn’t even think about that car
Posted on 6/15/20 at 8:51 am to bayou choupique
quote:
you can find one already running and driving for less than you think. of course you will find the "i know what i have" guys but the mach I 69 and 70's is what brings the real money.
Yep. Earlier Mustangs are often pretty reasonable.
There's no way I'd touch the car pictured.
Posted on 6/15/20 at 9:26 am to yankeeundercover
quote:
They're asking $2500
quote:
The car:
I see why it’s been sitting there since at least 2009 if they are asking $2,500 for that pile of junk
Posted on 6/15/20 at 9:34 am to yankeeundercover
Is that what it looked like in 09? An amateur restoration isn't going to be worth half the money you put into it.
You'll spend that much restoring this one.
quote:
I'm just not ready to drop the $25-30k on one that's already been restored
You'll spend that much restoring this one.
This post was edited on 6/15/20 at 9:38 am
Posted on 6/15/20 at 9:42 am to yankeeundercover
quote:
I'm just not ready to drop the $25-30k on one that's already been restored.
Buying restored is, almost always, the best financial move. Only exception is the extremely rare models. A first gen Mustang does not fit into that category, unless a K-Code or Shelby. Save your money, and buy one restored. Develop friends in the hobby that know these inside and out, to help you keep from getting screwed.
Posted on 6/15/20 at 9:43 am to yankeeundercover
If you really want a project to play with I suggest getting a new old body. It cost $18,499.99 but that's probably cheaper than what it would cost to get that car to the point you can do anything..
Dynacorn Complete Body Shell Convertible 1966
Dynacorn Complete Body Shell Convertible 1966
Posted on 6/15/20 at 9:46 am to yankeeundercover
I’d only take that car if someone gave it to me, then turn around and sell it for $800
Posted on 6/15/20 at 9:50 am to cgrand
quote:
that’s a parts donor
I am not sure there are any usable parts on it, tbh
Posted on 6/15/20 at 9:53 am to Duane Dibbley
I'm not married to the 1966 Mustang... I'm just looking for a fun to drive convertible 4 seater that catches the eye.
Any suggestions?
Any suggestions?
Posted on 6/15/20 at 10:01 am to yankeeundercover
quote:
and I'm not looking to spend $20k in parts/etc. and my time to restore it and it's V8 engine.
I suggest finding a different hobby
Posted on 6/15/20 at 10:04 am to Napoleon
quote:
have a 1960 Sedan de ville right now. But I'm in over my head. It's in similar shape to that mustang. I'd let it go for $1000.
Man I’ve been looking for one of those. Is it real bad on the chassis? Is the engine and transmission there or just a body? I might be interested
Posted on 6/15/20 at 10:17 am to yankeeundercover
quote:
I'm not married to the 1966 Mustang... I'm just looking for a fun to drive convertible 4 seater that catches the eye.
Any suggestions?
68 to 72 GM A body convertibles can be found reasonable if you don't need a rare one/musclecar. Think Buick Skylark, Olds Cutlass, Pontiac Tempest. They all have plenty of parts available aftermarket due to their musclecar cousins but don't have the high entry price.
Posted on 6/15/20 at 10:19 am to yankeeundercover
quote:Don't
Anyone have a reasonable guess as to how much I'd be looking at spending if I went forward?
Posted on 6/15/20 at 10:24 am to yankeeundercover
dad and I have done several, you're looking at 25-30k, if you want a classic car buy one restored, money pit ain't even the word
This post was edited on 6/15/20 at 10:25 am
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News