Ideal Fit Series
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Ideal Fit Series
Cheaper to buy a new lux car or with an old one with crazy overhaul?
Hey,
Well, to start off, I'm a bit too young to start getting myself involved in all this -- im 15, but having watched too many episodes of Top Gear, Pimp My Ride, and having just finished the first 3 installments of the Fast and Furious Series, I'm asking myself this very question.
Would I be better off purchasing let's say a 2012 car for $40,000, or would it go smoother if I purchased a 2002 (of course, with a good maintenance record) for a relatively cheaper price and then spend the extra $$ on overhauling the car -- both exterior and interior (talking about making it look luxurious and new again).
I'm using $40,000 as the baseline, but if possible, I'm pretty sure that different budgets would fit to each scenario (for example, ball parking here, but the second scenario would not be -hypothetically- ideal for a person with a budget of $20,000, but would be relatively better for one with a budget of $60,000).
Price ranges for the idea-logicality of both would be great!
Buy Car Craft Magazine.
They do rebuilds all the time and include a price breakdown.
As a rule of thumb a restorer or customize loses money in the end.
It typically costs more to do than the car is worth in resale.
However, you get exactly what YOU want and not what everybody else has.
Unless you have a daily driver, the idea or doing a resto/customize job can be a colossal pain in the butt as the car sits while you wait on parts or funds or work to be done.
15 is not too early to begin learning how to do this stuff yourself.
Get some tech books on the subject and read up.
Google Powerblock.com you will find a host of shows and other stuff to get you started.
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