Street Rod Usages Post Repair for You


Posted June 10, 2021 by Magoos

Many men have the classic car bug hit them at some point in life. Maybe they want that car they dreamed about in high school (or actually drove, and still miss).

 
Some guys just like buying investment-grade cars with hopes of profiting off them in the future. No matter what your reasoning for wanting a vintage automobile, before you buy one on a whim, let’s dig into the reasons you might buy a vintage Street Rod car, along with developing a plan for getting the best car for your budget and lifestyle.

Why Are You Buying a Vintage Auto?
As noted above, people buy vintage vehicles for all kinds of reasons, and being realistic about why you are buying a classic car is essential if you want it to be an enjoyable experience rather than one filled with rancor and regret.

The key is to buy for all the right reasons for you
For example, you might want to get a 1965 Mustang convertible to go get milkshakes with the family. A rust-bucket/project car, assuming you have the time, money, and dedication to restore it, is going to take several years before it is roadworthy. By that time, your kids are in high school, and they have no interest in hitting the malt shop with Mom and Dad. In this case, a turnkey, ready-to-drive option may be the best bet for you.

If you’re someone with lots of spare time (and perhaps money as well) who enjoys fixing anything mechanical, a full restoration project might fit your profile.

If you want to buy a unique car in immaculate condition with strong investment potential, that car is going to be doing a lot of sitting without much tinkering or driving required. But as I’ll explain next, it’s important to understand that most classic cars don’t actually turn out to be a good investment.

Most Classic Cars Are Not an Investment
We’ve heard of the guy who doubled his money on a car sitting in his grandmother’s garage, but most attempts to flip a vintage vehicle for profit don’t turn out that way.
The truth is that these old cars are simply that: old cars. They have carrying costs: storage, maintenance, insurance, etc. Depending on the car, these costs can run hundreds to thousands of dollars per year.

And that’s not to mention restoration costs, of both money and time. That Mustang we referenced earlier might require $15,000 in work to get it in the condition you desire and it will still be worth about the same price you paid for it. A 1960s Corvette might cost $40,000, require $60,000 in restoration work, and now be worth $70,000-$90,000. Even if you do the repair work yourself, you might save tens of thousands of dollars in labor costs, but spend hundreds of hours in the garage away from your family.

This begs the question: What is your time worth?
If you like cranking a wrench on the nights and weekends, go for it. If you are thinking you will spend a couple hours a week working on a project car, you could lose interest long before its appreciated in value.

About the Company :- As you will have gathered from our Business Philosophy, as a family business we're committed to the sport of Hot Rodding. We've been involved since 1973 and over that time have built a number of rods including a '37 Ford coupe, '55 F100, '32 Ford roadster, '32 Ford sedan and our '28 Sedan Delivery that attended six Street Rod Nationals. Proof of our belief that street rods should be DRIVEN.
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Contact Email [email protected]
Issued By Magoo's Street Rods
Phone 063775706
Country New Zealand
Categories Automotive , Business
Tags street rod
Last Updated June 10, 2021