Mike 10 Report post Posted May 1, 2012 I am figuring out what my restoration costs will be on my R code mustang I bought. I'ts a Mach 1 with no power steering and manual brakes, it has the deluxe interior and it's a 4 speed car. My Marti report says that only 1600 built with this trim. By the looks of it I will have around $60.000 into it and am wondering if that is too much. EVERYTHING will be new but not all NOS. What's you're thoughts! Quote Share this post Link to post Share on other sites
BigDuke6 17 Report post Posted May 1, 2012 it is up to you. Some key considerations. Suppose you put $60,000 into it. Can you insure it for $60,000 if it is stolen or totaled? Can you sell it for $60,000 if you have to or will you take a bath? Quote Share this post Link to post Share on other sites
Powershift 19 Report post Posted May 1, 2012 Building cars like this is never a money making deal. You have to do it for the love of the car, if at all. Quote Share this post Link to post Share on other sites
JTG 10 Report post Posted May 1, 2012 I agree with Powershift. Most of the builds you see here are not going to make the owners any money if they were to sell the car. There are some scenarios where you could possibly get a great deal on a car and "flip" it but that's not gonna happen with a full restoration. Quote Share this post Link to post Share on other sites
Powershift 19 Report post Posted May 1, 2012 Yep, in fact... a full restoration is the LAST thing you want to do if you are trying to make money! LOL My Mach was rotisserie restored several years ago by it's previous owner. But, the price I paid for the car could NOT have covered the restoration. Quote Share this post Link to post Share on other sites
Mike 10 Report post Posted May 1, 2012 I bought it for myself and don't plan on selling it, always wanted to do one and now that I have the time & means to do it, I want to, however, I want to keep it somewhat real monetarily. Plan on leaving it to my son when I go to the great mustang stall in the sky. Quote Share this post Link to post Share on other sites
DragPack69 0 Report post Posted May 1, 2012 I have 2 R code cars and don`t have that in both cars combined. Are you having all the work done by someone else or are you doing it? I did all of my own work and saved A LOT! John Quote Share this post Link to post Share on other sites
GT350R 10 Report post Posted May 8, 2012 60,000 could not possibly account for the best part. The thrill of the hunt. Looking for the needle in a haystack deals. If you are even thinking about cost , then I don't recommend demanding avalibility of parts. Wait out the deals. Quote Share this post Link to post Share on other sites
RPM 1,190 Report post Posted May 9, 2012 What will kill you on that R code is if a lot of the little things were removed in the engine compartment and you want to take it back to original. Quote Share this post Link to post Share on other sites
stang1969 10 Report post Posted June 15, 2012 Where did the $60,000 come from? Did you tally up all of the parts in a catalog or something? Quote Share this post Link to post Share on other sites
