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The Terminator
Terminator Talk
Buy an 03/04 or Restore 68 Fastback
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<blockquote data-quote="ctandc" data-source="post: 16935618" data-attributes="member: 204922"><p>Honestly it depends on how much you can actually do yourself restoring the '68. Labor cost is what racks up the $ on restores, especially metal fab and replacement.</p><p></p><p>However, if you're paying someone to fix up the '68? There's an old saying - the cheapest way to restore an old car is to buy one already restored. People regularly spend more to restore a car than it's worth. A friend does a couple cars a year, in his own shop. He did a GTO once. It was the guy's first car, it wasn't a highly desirable GTO. The car needed extensive metal work. He tried to talk the customer out of it, or even starting with a better shell. Customer went ahead anyway. In the end they spend $20K MORE than that restored car was worth.</p><p></p><p>The market for Fastback Mustangs right now is nuts. I've seen cars that needed TONS of metal work, complete basket cases, and not super rare hipo versions, go pretty deep into 5 figures.</p></blockquote><p></p>
[QUOTE="ctandc, post: 16935618, member: 204922"] Honestly it depends on how much you can actually do yourself restoring the '68. Labor cost is what racks up the $ on restores, especially metal fab and replacement. However, if you're paying someone to fix up the '68? There's an old saying - the cheapest way to restore an old car is to buy one already restored. People regularly spend more to restore a car than it's worth. A friend does a couple cars a year, in his own shop. He did a GTO once. It was the guy's first car, it wasn't a highly desirable GTO. The car needed extensive metal work. He tried to talk the customer out of it, or even starting with a better shell. Customer went ahead anyway. In the end they spend $20K MORE than that restored car was worth. The market for Fastback Mustangs right now is nuts. I've seen cars that needed TONS of metal work, complete basket cases, and not super rare hipo versions, go pretty deep into 5 figures. [/QUOTE]
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Buy an 03/04 or Restore 68 Fastback
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