Monday, July 27, 2009
Yesterday I decided to check out this old four-door Chevy Impala for sale near a junkyard in my town just for fun and to snap a few photos for future reference. I'd seen it from a highway overpass, and I wanted to see if it was for sale or just sitting out. What I found was the typical neglected sixties four-door: straight-six power, floors and fenders rusted out, trim dented, interior worn but not gone. To me, it was a car that would've been worth around $500. But when I looked at the price, I had to do a double-take. The car was $3000!
I guess the value of a project car really depends on your viewpoint. For somebody who fixes up cars for resale and wants to make a profit, the car will just sell for a tiny bit more than how you bought it, as four-door classics aren't very popular at the moment, it wouldn't be a good deal. For a Chevy restoration shop, the car may have some trim pieces and other parts such as the dashboard in good condition that they can use in coupes or convertibles, and that will save them money and be more authentic than getting new, reproduced parts. I guess for a buyer, a project car's worth all depends on your perspective. And for a seller, you need to wait for the right buyer.
Labels: chevy, classic cars, economy, for sale, photos, restoration