Let me offer an opinion on restoration cost and car value.
Cost to restore is about 1000 hours times labor rate. Then add parts and
materials. So I would expect at about $75 per hour and $15K parts and
materials to spend about $90K at a shop. Watch eBay auctions for resale value
after a restore.
>From what you describe here is what I would do. I would try to keep the car
original as much as possible. This result requires artistic effort. Replace
what you must, like the interior and electricals. Patching paint or repainting
will require artistic effort and cheap paint. The result will cost less than
above and be just as collectable. Some argue that original looking cars are
more collectable/more valuable.
>From my experience, restoring a car to perfection and keeping it that way can
be fun and much work. In contrast keeping a car in original appearing
condition can be just as much fun and less of a concern to park in a parking
lot while having breakfast.
I have owned my '56 100-M since 1983 with a full restore done by Tom Colby at
Speedwell during 1990 to 1992. The car remains near perfect and gets about 200
miles per year.
Best Regards,
Jim LeBlanc
1956 100-M (factory documented)
--- On Sat, 7/2/11, Michael Bowie <michael.bowie at fivepointsix.com> wrote:
From: Michael Bowie <michael.bowie at fivepointsix.com>
Subject: [Healeys] 54 BN1 Barn Car
To: healeys at autox.team.net
Date: Saturday, July 2, 2011, 1:23 PM
I have been dragging around my BN1 for about 25 years from garage to garage,
waiting to have a shop large enough to properly restore it.now the time has
arrived, I have a question for the List.
Any idea what a normal restoration would cost?
The car is complete and was running when it was put up on blocks in 1968.the
engine is supposedly a dealer converted LeMans.there is also a spare engine
and transmission/OD. The body is straight and there is no rust.
Interior is pretty much dissolved.and the windshield glass is broken.
I know this is a wildly broad question.just curious for a range of expenses
to restore. I can do most of the work myself, except paint and machine
shop stuff for the engine.
Also.what is this car worth as it sits?
Michael Bowie
54 BN1
Boerne, Texas
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