Is restoring a car a good idea

Well lets look at that from an economic view.

I currently own a 1972 mustang Mach 1 and a 1977 corvette.

Both have a top value of 25k and both have a median price of 15k and a low price of 10k.

So the question is this, is it worth buying a non runing starter unit for 2500 and putting 7k into the engine and trans and interior.

I say yes but you must be willing to learn to do the basics of bodywork and engine tuning yourself.

The trick to restoring a car is knowing the vin and if you have matching numbers.

then the work is worth it.

AS a medium restore of these 2 cars with say 10k total invested is still worth a 5 k profit.

Plus they are getting rare so the price will only go up on a well restored car.

a 5k return on a 3 year restore with 10k invested is 50% or about 16% a year.

Plus you got the pleasure and prestige of driving the beauty.

So to me for the pleasure value its worth it.