To answer the question at hand my answer is NO I would not buy it. I have forked over in excess of $200,000 on seven brand new cars to GM including a Firebird and I'm not doing it anymore. Buying second hand is by far the best way to buy a car. If it was built and in 6 or so years I still felt I needed a fast Pontiac then maybe.
Maybe the GM dealers should take the older cars and start offering restoration services. If you can't build a range of new models, restore the classics you sold originally?
Maybe the GM dealers should take the older cars and start offering restoration services. If you can't build a range of new models, restore the classics you sold originally?
And anyone who has restored a car can tell you what a profit making exercise that has been! What's the general rule, you'd be lucky to recover 1/2 to 1/3 of your restoration costs upon sale, EXCLUDING labour?
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Hillar
1970 LS4 (eventually an LS5) Laurentian 2dr hdtp -and a bunch of other muscle cars...
Maybe the GM dealers should take the older cars and start offering restoration services. If you can't build a range of new models, restore the classics you sold originally?
And anyone who has restored a car can tell you what a profit making exercise that has been! What's the general rule, you'd be lucky to recover 1/2 to 1/3 of your restoration costs upon sale, EXCLUDING labour?
Hillar, I think your being generous at 50%. Usually 30% if i'm lucky. I did ok on a few,( both Corvettes ) but ONLY because I didn't count my labour. The best buys I've ever got were when someone else did the resto work and got totally fed up or went broke finishing a car.
5-6 years down the road, you can buy a mint car, that someone else babied and get for 1/2 price...
What's the general rule, you'd be lucky to recover 1/2 to 1/3 of your restoration costs upon sale, EXCLUDING labour?