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FAQs – Classic Car and Classic Luxury Limo Restoration
If you are thinking of restoring a classic car or a classic luxury limousine, the following FAQ may prove useful.
What is a classic car or a limousine?
There is no universally accepted definition.
Some people trying to sell a 10 year old car in poor condition might call it a “classic”. It will be more trying to increase the selling price than anything else.
Very generally, most people would consider “classic” to mean:
an age-restricted vehicle that is highly valued and rarer, even those that are only 5-10 years old;
any vehicle over 25-30 years old;
any vehicle over 25-30 years old but after 1920. Most pre-1920 vehicles are called “antiques”.
Be careful not to get tricked into paying more than something because the seller has unilaterally decided it’s “classic” or “vintage.”
Can any car be restored?
In theory, you could take a single screw from a Ford Model “T” and build a car around it. So ! You have restored a ‘T’ model!
The real question should be – “can you restore any car economically and reasonably”? The answer is no, you can’t.
There are three aspects to this;
don’t think you have the slightest chance of restoring a car and making a profit on its resale. About 99.9% of people who try to do this end up losing A LOT of money in the attempt;
If your vehicle’s chassis and subframes are missing, it can still be restored, but you can just as easily build a reproduction from scratch in terms of cost. Restoration costs are likely to be astronomical;
remember that if most of the vehicle is gone, the finished product of your labor of love is likely to be heavily criticized or even dismissed by connoisseurs as “not genuine”, a “composite” or a “sad marriage disparate parts”.
Bottom line – be sensitive to what you are undertaking.
What is the value of a restored vehicle?
Unfortunately, many people make the mistake of trying to gauge this based on a review of what others are asking for restored examples on EBAY or similar forums.
This method is often completely useless.
Many sites online are full of restored vehicles that are simply unsaleable. That’s because their owners paid way too much for them upfront, spent a small fortune on restoration, and then added another 50% to their profit margin. They are then shocked when the car does not sell.
If you use it as a guideline, you will suffer.
The only way to check a vehicle’s market value is to try to find examples of restored models that actually sold and for how much – and not get hypnotized by looking at what other people are unrealistically asking for. .
Can you find classic luxury limousines for sale?
Yes, they exist. Some luxury limo suppliers, in Sydney and elsewhere, are selling their old vehicles – if they own them.
There are other specialized sites that could also help you.
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