[slammin]

I think your circumstances will dictate what you buy. If you are young (at least younger than I), have a well equipped garage, mechanically inclined, and have the time to spare, a car that needs a lot of work is for you. If you are flush with money, have a reputable restorer do your work. If neither is the case, purchasing a car that has already had quality restoration done, will be a lot cheaper than it would be to duplicate the work. As a new member here shopping for his first Model A, I know there is no way I would ever finish a car that needs everything, and I can't afford to have the work professionally done.