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At some point, many of us are going to think about restoring a classic car to its former glory. Not only is this an exciting pastime, but it can also be quite lucrative when done correctly. If you are thinking about tackling your first restoration job, then here is a quick look at four ways you can decide which vehicles will be worth your time.
1. Don't Worry About Hassling the Seller
When you plan on investing a large amount of money into a car, you deserve to have peace of mind knowing exactly what you are getting. The seller should be able to answer all of your questions including where the car was purchased, the condition of the mechanical systems, and any issues you will need to take care of. They should also be accommodating if you would like to open the hood, crawl under the car, take pictures, or do more research before making a purchase.
2. Compare Similar Flips
Once you have narrowed down your options to a few select vehicles, you can then start taking a look at similar restorations. A number of different organizations maintain updated listings for classic cars, and you want to get a better idea of what your vehicle could potentially be worth. Rarer cars are much more difficult to work on, but they will generally be more valuable in the long run once the restoration is complete.
3. Locate Replacement Parts Before Making an Offer
If you are still not sure how difficult it will be to restore the vehicle, then you should start looking for restoration and factory parts before you make a bid. Companies such as Reggie's Garage often have excellent inventories for classic auto parts, but they might not have everything you need in stock. Ordering custom parts every time the vehicle needs to be repaired can be expensive and time-consuming.
4. Skip the Impulse Buys
Buying a classic car on a whim could potentially cost you tens of thousands of dollars. Until you know the market for that specific vehicle, you should refrain from making any offers. The only exception to this rule would be if you plan on keeping the car in your family for many years to come.
Restoring a car from the ground up is unlike anything else in the world, but you want to be sure the vehicle is worth the investment. Those who spend more time researching their cars beforehand will save themselves from expensive mishaps down the road.