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Old 6 Nov 2012, 04:05 (Ref:3163167)   #2
AussieTimmeh
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Join Date: Aug 2007
Australia
Newcastle
Posts: 432
AussieTimmeh should be qualifying in the top 10 on the grid
In my experience, for every dollar you spend on the car, you'll get back less than 50 cents when the time comes to sell. You can reduce this by putting time into the car yourself (as in, if you know how to re-upholster then you could save cash on this but you still need to buy materials).

The idea of restoring a car to get a better return on your dollar is not a sound one, in my experience of buying / restoring / selling classics. Maybe Jaguars and the like are different to the Escorts I'm used to, but in my opinion you'll most likely end up going backwards.

The only way I have made money on classic cars is when the car is becoming more desirable and the demand goes up, not from spending money on the car.
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