How Much Does It Cost For A Five-Year-Old At FAQs – Classic Car and Classic Luxury Limo Restoration

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FAQs – Classic Car and Classic Luxury Limo Restoration

If you are thinking about restoring a classic car or luxury classic limousine, the following frequently asked questions may be helpful.

What is a classic car or a limousine?

There is no universally accepted definition.

Some people trying to sell a 10-year-old car in poor condition might call it a “classic”. This will be more about trying to increase the selling price than anything else.

Broadly speaking, most people would consider “classic” to mean:

  • a highly acclaimed and rarer limited-age vehicle, even those that are only 5-10 years old;

  • any vehicle over 25-30 years old;

  • any vehicle older than 25-30 years but after 1920. Most vehicles before 1920 are called “antiques”.

Be careful not to be tricked into paying more than it’s worth because the seller has unilaterally decided it’s “classic” or “vintage.”

Can any car be restored?

In theory, you could take a single bolt from a Ford Model “T” and build a car around it. Voila! You have restored a “T” model!

The real question should be, “can you affordably and sensibly restore any car”? The answer is, no, you can’t.

There are three aspects to this;

  • you don’t think you have any chance of restoring a car and making a profit by reselling it. About 99.9% of people who try to do this end up losing A LOT of money trying;

  • if your vehicle’s chassis and subframes are gone, it can still be restored, but you can also build a reproduction from scratch cost-wise. Restoration costs are likely to be astronomical;

  • Remember, if most of the vehicle is gone, the finished product of your labor of love is likely to be heavily criticized or even dismissed by connoisseurs as “inauthentic,” a “composite,” or a “sad marriage of disparate pieces”.

Bottom line: Be sensible about what you take on.

What is the value of a restored vehicle?

Unfortunately, many people make the mistake of trying to gauge this based on a review of what others are asking for restored examples on EBAY or similar forums.

This method is often completely useless.

Many online sites are full of restored vehicles that are simply unsellable. This is because their owners paid too much to begin with, spent a small fortune on restoration and then added 50% as profit margin. Then he’s surprised when the car doesn’t sell.

If you use it as a guideline, you will suffer.

The only way to find out the market value of a vehicle is to try and find examples of restored models that have actually sold and for how much, and not be mesmerized by what other people are unrealistically asking for theirs. .

Can you find classic luxury limousines for sale?

Yes, they exist. Some luxury limousine suppliers, Sydney and elsewhere, sell their old vehicles, if they have them.

There are other specialized sites that can also help.

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