Last post on Jun 04, 2012 at 7:02 PM
You are in the Classic Cars
What is this discussion about?
Alfa Romeo Spider, Classic Cars, Convertible
#50 of 55 Re: Spider Hunting - Alfa Romeos and the fools who want one [Mr_Shiftright]
Jun 04, 2012 (11:14 am)
Of course, doing it yourself will be cheaper, but the time value should be calculated, unless you enjoy the work. I can't see myself restoring the fintail myself, for example, or really any car. I don't have a garage nor a lot of tools, don't have a ton of really free time or expertise.
If I was crazy enough to restore my car, I see maybe 7K for paint and body, a few grand each for interior and suspension, a couple grand for chrome, at least 5K for engine freshening, a grand for tires, maybe a few grand more for incidentals - way more than it's worth when done. And this is a relatively sound car to start with. Parts are easy for this car, it's the price of them and the labor that hurts.
Would it even be feasible for a driver quality 57 Chevy, unless you got the car for free?
#51 of 55 Re: Spider Hunting - Alfa Romeos and the fools who want one [fintail]
by MrShift@Edmunds HOST
Jun 04, 2012 (12:57 pm)
I think the crucial factors are:
1. The amount of body work required---body work is basically skilled hand-labor. Not cheap, and it can pile up the hours!
2. How complete the car is. Unless you do all the legwork, paying a restoration shop to track down hard to find parts eats up an enormous amount of time.
3. What the car is. A 1930 Oldsmobile is going to cost you a lot more than a 1930 Ford Model A. A '57 Cadillac a lot more than a '57 Chevy.
I have read articles about cars that took 4,000 man hours to restore!
Soooooo, if you were paying someone $100 per hour....eek!
#52 of 55 Re: Spider Hunting - Alfa Romeos and the fools who want one [Mr_Shiftright]
Jun 04, 2012 (2:13 pm)
I always find 'Wheeler Dealers' instructive - you've got 2 experts, one scouring the country for prime targets, and they typically come out, what, 10% ahead, IGNORING labor costs?!? I just wish they'd show "hours spent" and "miles traveled" for BOTH of them.
The only $500 'regular' car worth restoring is one that should be priced at $5,000, it would seem...
#53 of 55 Re: Spider Hunting - Alfa Romeos and the fools who want one [Mr_Shiftright]
Jun 04, 2012 (5:01 pm)
In other words, few cars are worthy. Restoration costs will only rise with time, meaning fewer will be restored.
The Wheeler Dealers note is a good one. They don't make much profitt, and labor/parts hunting time is not included. I suspect if Edd billed his labor at even 10 quid/hour, they'd always come out upside down.
#54 of 55 Re: Spider Hunting - Alfa Romeos and the fools who want one [fintail]
by MrShift@Edmunds HOST
Jun 04, 2012 (5:39 pm)
You're going to need more motivation that having it make sense financially, that's for sure.
With cars of limited numbers, like an early Alfa Spider Veloce, you could justify it as historical preservation; also you could vintage race the thing, and get "payback" that way. That's a lot more fun that sitting in a lawn chair with 25 other Chevelles.
Or you might have an emotional attachment---the car you dated your wife with; or maybe you loved the movie "The Graduate" and it changed your life and you want to make a statement about that by restoring one of those Alfa boat tails.
So people will still do restorations but they're already thinking a lot more soberly than they did in the boom-boom 90s.
#55 of 55 Re: Spider Hunting - Alfa Romeos and the fools who want one [Mr_Shiftright]
Jun 04, 2012 (7:02 pm)
In the future, with the way the socio-economic spectrum is devolving, there will be less with the desire and ability to handle those restoration costs too.
Made me think...I bet I could make my fintail one of the best for no more than 30K...good investment, eh?