Project: Nugget - Intro, full resto or build with parts-on-hand? |
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Project: Nugget - Intro, full resto or build with parts-on-hand? |
Chris914n6 |
Jul 12 2019, 02:40 PM
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#1
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Jackstands are my life. Group: Members Posts: 3,323 Joined: 14-March 03 From: Las Vegas, NV Member No.: 431 Region Association: Southwest Region |
So I picked up this 71 from a local member, who just wanted the 1.7L block and tailshifter for his racing pastime. Currently looks like a burnt chicken nugget but is the special order Gold Metallic underneath. Interior is missing, all rubber & plastic is sun destroyed, but the chassis is solid.
Currently debating if I should buy the original 1.7FI eng/trans while I still can and spend beaucoup time and money on a full resto (needs a new everything), or use up some of my parts stash (2.oFI & side shifter, 2 seat interior & 6x15 cookies) and build a car I’d want to drive a few years before needing to sell it off in 5 to 10 to fund retirement. (IMG:http://www.914world.com/bbs2/uploads_offsite/live.staticflickr.com-431-1562964002.1.jpg) (IMG:http://www.914world.com/bbs2/uploads_offsite/live.staticflickr.com-431-1562964003.2.jpg) (IMG:http://www.914world.com/bbs2/uploads_offsite/live.staticflickr.com-431-1562964003.3.jpg)(IMG:http://www.914world.com/bbs2/uploads_offsite/live.staticflickr.com-431-1562964003.4.jpg) |
mepstein |
Jul 12 2019, 06:52 PM
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#2
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914-6 GT in waiting Group: Members Posts: 19,280 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
So let’s say you spend $50k making it new/the way other people like it. How long will it take to recoup? Or you build the car you want and enjoy it. Then sell it for market value. You just have to decide who you are building it for.
My feeling is the only way you make a profit on restorations is to have a customer writing a check for parts and labor from day one. When you build it, hoping they will come, you never get paid in full for your labor. Case in point- if building restorations on spec made money, shops would buy a project, restore it and then sell for a profit to a buyer vs dealing with a customer from day one. |
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