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Originally Posted by bmussatti
Jim, but the guy put over $200K in the restoration project. You still think it will go for <$200K. Thaks for sharing the great photo!
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There's a general truism about old car restorations...
"It's cheaper to buy a car that's already done, than to buy one and do it yourself"
Rarely does a restoration make someone any money, especially if you have to pay someone to do most of the work. It's a labor of love, and most restorations leave people upside-down with their investment in the car.
For example, I know where a '67 Mustang coupe, 289 auto w/PS and AC, is sitting. One owner car, parked in a barn for the last 10+ years. Completely solid car except that it has a vinyl top, and has the rust bubbles under the vinyl that's so typical. I could buy it today, probably for $500-1000.
It would have to be completely restored, including a new roof panel and C pillars. Even if they gave it to me, it would take far more money to bring it back than it would be worth when it's done.
Of course, a Mustang coupe is a completely different animal than a 906, but you get the idea.
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