2.4t rhd project on the bay now

[inaglasshouse]

Not sure if this one example can be used to set the norm but £30K for a restoration project sets a new bar.

Surely not a new bar for resto projects in general?
I paid more than that for mine. And idly browsing SWBs it's clear that a 65 car in need of full resto costs a great deal more than that.

It might be a new bar for a T Sporto that looks like it's been underwater for a while.

Point being, of course, that man maths dictates: value of resto project = value of final car - resto costs*.
In this case, I'd value that resto project somewhere in negative territory!

* plus whatever man maths adjustment factor is required to justify the purchase

Surely a good, solid running early 911 with sound MoT etc is worth 3 times that?

Depends. Many of the cars meeting that description are expensive full resto projects!

[Lightweight_911]

One ebay restoration 'project' sale doesn't mean anything ...

[911hillclimber]

But it got £30K.
There is another one around iirc and that is a LHD and more expensive?

Surprises me how many there are, they just keep come out of the shadows.
I'm sure man=maths play a big part in all this, tempting project and there seems to be a willing audience happy to pay for it, both purchase and full restoration.
Maybe the end cost is not so much of a problem as it is in the future, and the market value is bound to increase as it will be matching numbers (I think), totally restored and rare, and usable.

Would be a good DDK project to follow.

[Jonnydaz53]

I wish the new owner the best of luck .

Regards jonny

[Strictly]

call me optimistic, but i do see the early cars as getting into the £250k bracket within the next 10 years, RHD particularly. I'm talking T's not just S's, which are allready hovering close (200 ish), with the black RHD 73S selling last year at the Goodwood FOS for £400k ish at Bonhams. Epesically so in that we are due to see some inflation thanks to brexit, and having any asset at that time is always a good thing.

That £30k rust bucket just supports that theory, that with full nut and bolt restos, being in the £100k - £150k territory (1500 - 2000 hours of labour plus parts plus vat). Admittedly a sporto, but nice colour, and being matching number, which is certainly alot rarer with the magnesium cases compared to the 76 on, its going to hold its value.

I reckon if you really wanted you could keep that car dry, do absolutely nothing for 5 years, and sell it for £45 - £50k, but what would the fun in that be!

[Mike]

call me optimistic, but i do see the early cars as getting into the £250k bracket within the next 10 years.....

call me pessimistic, but I hope you're right, unless of course VAT is introduced on old cars, or cars exceeding modern emissions levels are banned from the roads entirely and not just from city centers. Or maybe petrol cars are banned from the roads completely, or cars without proper driver aids and safety control systems have to be crushed.......

Beware the money grabbing politicians, or the do gooding greeny environmentalists

[hot66]

If vat or capital gains ever got applied .. That would mean they would have to allow VAT to be reclaimed and costs offset ... And as we all know man maths hides the reality that what we spend on our cars tends to be significantly more than currently declared (to the wife's ) which could potentially leave the tax man owing us

[210bhp]

Or we simply find oil is rationed, stockpiled, used as a political bargaining tool, destroyed, made prohibitively expensive.

And it's not vat we need to worry about but capital gains tax.


Regards
Mike

[210bhp]

You beat me to it James

Regards]mike

[hot66]

I'm sure Nicola wouldn't consider that Mike

[oldtimer]

Beware the money grabbing politicians, or the do gooding greeny environmentalists

Dead right . There have been in last few years some attempts to put old cars off the road by making them illegal.

The sort of classic cars that I buy are vulnerable because they are 'drivers' and not in the top level that collectors go for .

The top level cars do not need to go on the road , they have become pieces of artwork to be kept indoors.

[Nick Moss]

I'm sure Nicola wouldn't consider that Mike

But I'm sure she would consider a wealth tax (as in France) and probably many in the UK Parliament would like a similar tax.

[210bhp]

I'm sure Nicola wouldn't consider that Mike

If Theresa sticks to her guns Nicola is dead in the water (for a year or two). Expect plenty of whinging though and lots of backlash. She needs to be careful as it may drive the 'dont knows' to 'yes' voters if Brexit doesn't deliver. The backstop is that the Spanish will veto an independent Scotland application to Europe making the independence vote based on 'a new situation' null and void but will the average punter grasp that? Nicola is great at spouting the 'we are hard done to' line. If oil reaches $100 a barrel again then her case hardens.

What I just don't get is 'independence' means independence. What is independent about joining the EU?
Leave one club, join another. When it boils down to it, it's just all about self importance. The idea of independence has been blanched by the personalities involved and when you look at it just exactly what strength in depth is there in the SNP front bench to actually run a country? Not much evidence of it so far.

Regards
Mike

[Burma-Shave]

Nicola has already raised both income and council tax for middle earners in Scotland, but nobody really noticed..so watch this space.

Any way, back to motorcars..

[hot66]

back to Porsche it is