Quote:
Originally Posted by Seth Swoboda
The problem is the asking price. They are asking $5,000-$6,000 for Tudors and Fordors when you can buy a nice restored Tudor/Fordor for $10-15,000. Why would you spend tens of thousands more to restore one when you can buy one for much less? The cost of the restoration, even doing ALL of the work yourself, far exceeds the value of buying a ready to drive car. Or is logic something that I should not consider?
The '31 Victoria in my avatar photo, I'd probably struggle to get $20,000 for it if I had it for sale.
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I agree, just because it’s old, many people have a highly inflated value in their heads of what “their treasure” is worth. Spending $10k on a drivable car is money well spent to start a restoration project. In fact I would say you would be saving money.