|Written by Colin Comer|
|Sunday, 30 November 2008 16:00|
I've seen $2,500 air filters, a $35,000 exhaust, $5,000 plug wires, $10,000 batteries, and $50,000 original tires
It's a common misconception that domestic cars are cheap and easy to restore. Unfortunately, many people have found out too late that this is not true.
Let's face facts: Most restorations are financial suicide. Unless you have an extremely rare and valuable car whose value will increase far more than the cost of its restoration, or a solid car now worth six figures that you inherited or bought so long ago your cost basis is near zero, restoring a car properly pretty much guarantees you are doing it so the next owner can enjoy it.