Buying versus Restoring a Collectible Car

Many people have a favorite car. Perhaps it is a car from their youth. One they always dreamed of owning. If the opportunity to buy such a vehicle arises, often the choice must be made between two different paths, restoring the car yourself or buying a restored car.

Buying a Previously Restored Car is Expensive

A tremendous amount of work goes into restoring a classic car. To ensure the vehicle will be safe to drive and devoid of ongoing mechanical issues, good restorations are und1955porsche550spyder-003mi600ertaken from the frame up. In this practice, everything is taken off the car until only the frame remains. The frame is cleaned and painted, then each piece of the car is made perfect and replaced on the car. Often, parts that cannot be repaired to new standards are replaced entirely with refurbished parts. For the most exacting restoration projects, only authentic parts are used, making the process time-consuming and expensive. In the end, a professionally restored car will look just as it did when it left the factory.

Restoring a Car Yourself is Deceptively Expensive

Many old cars are purchased in the hope of being restored by amateurs. The choice is made to save money. Money is saved at the point of purchase, but normally the cost of restoration is grossly underestimated. Once the project begins, the restorer comes to realize how much time it takes to fully restore an entire vehicle and is forced by time or money constraints to alter the plan. The benefit of restoring a car yourself is knowing the standards to which the car was restored and gaining an understanding of the entire vehicle for any ongoing maintenance or repair needs.

Restored Vehicles Are Expensive

Regardless of whether you performed the work yourself or if you bought a finished classic, restored cars are expensive. There is no cheap and easy route. You are either paying for someone else’s restoration costs up front, or you will pay for your own restoration a little at a time.