On Fri, May 02, 2003 at 11:00:56AM -0500, Carter Tuggle wrote:
> I found a 69 for sale today. I can't find any rust. Engine smokes a little
> but he claims it has been sitting for about four years. Needs allot. Just
> wondering what you guys thought a 69 w/ no rust would be worth. keeping in
> mind you would need to re-do the interior, paint job, re-build carbs, new
> tires & you may even have to have the bumpers re-chromed. Any suggestions??
>
You can look at it two ways. Figure the cost of a '69 with all of
those things fixed, subtract the cost of fixinging them and he should
probably pay you about $200 to haul the car off. Alternatively, take a
look at the cost of replacing the various parts that you would expect
to have rust, or dents, that don't.
About 10 years ago, a friend had a car in slightly worse shape than
that who asked me what it would take to get it back on the road. I
told her more than the car was worth, if she was paying someone else
to do the work. She then sold me the car for a buck. Over the next
month I promptly sunk $5,000 into repair and replacing everything but
the motor and the paint and had myself a very nice MGBGT that I could
probably sell for about $2,000.
>From a strictly rational point of view, the financial value of the car
is probably what you could get for parting it out, minus the cost of
your labor. On the flip side, if you're planning on doing a frame up
restoration anyways, might as well start with something that needs all
the work. So if you want a running MGB, even if you get it for free,
you'll probably lose some money on the deal. If you want a project, up
to $1,000.
"Thousand dollar car, you spend another thousand on it and you have a
Thousand dollar car" - Jake Flack
--
I've found something worse than oldies station that play the music I used to
listen to. Oldies stations that play the "new" music I used to complain about.
lrc@red4est.com http://www.red4est.com/lrc
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