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Where is the value in hot rod builds or restomod work?
This forum seemed like a good fit, and please excuse the ignorance. I have been thinking about this for a while and hoping someone can walk me through the potential expense and pitfalls in a new build.
I have a driver 71T with a 2.7 motor. No rust, but it has had a poor repaint in a non original color. I paid 40k for it, about 8 months ago. I figured I would drive it around for the summer and see how this long hood panned out. I did not get that chance and long story short I pulled the engine and it is in the process of a rebuild with 2.7RS P/Cs and E cams, PMO headers etc.. A real textbook slippery slope.
Now I am looking at the body and chassis and ask myself why not give it a repaint and some RS flares, LED headlights, fiberglass bumpers, elephant racing suspension, and on and on I go.
So far I have estimated the "restomod" build would cost me about 115k with some help from a local shop. Counting the cost of the car I am over 150k, plus some (expected), unexpected costs probably closer to 175k all in.
I see a lot of top notch build threads and a bunch of handy pelicans but everyone cant be spending over 100k in builds right? There is no way all that money comes back at a time of sale or in smiles down the road. Does it?
The depreciation on a build like this is about worse that buying a new 911, but the family would be more comfortable with the drive and with climate control.
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1979 930
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