The Circle of Life
Very few cars are going to make you money once you restore them. Usually it’s only the rare and unusual types of cars – you know the ones I’m talking about, they’re the pile of bits found in a barn in Italy that someone mysteriously pays $100,000 for at auction and you think he’s crazy? Well 3 years later when you see him and his investor buddies drive on the 18th green at Pebble Beach smiling, it’s because he’s most likely made himself a million dollars even after the costs of restoration/recreation have been deducted.
Most of us don’t have that kind of money to play around with, but no matter what car interests you, if you have the budget, you are always going to be better off buying a car that has already been fully restored, providing you know it’s been done right.
You’ll get to use and enjoy it from day one and providing you take good care of it, the worst that can happen is it will gradually depreciate over time as it ages. Remember that the only real problem with buying a fully restored car is in terms of its condition – there is nowhere to go but down. It’s kind of like getting old, you can use wrinkle creams and stay out of the sun to try and slow the process but there is nothing you can do to halt the ravishes of time.
Once a car has been restored and then used on the street for any length of time, there is no way to turn back the hands of time, meaning you cannot buy the car and clean up the parts that have begun to show signs of age and make it a #1 car again. All you can do is drive it, care for it and enjoy it. And eventually after several years it will likely be in rough enough shape and the values would have appreciated enough to warrant you spending the money to tear it apart and fully restore it all over again. Which I believe brings us back to where we came in.
What an exciting circle of life!