If you love classic cars, you may have considered taking on a project to restore one to its former glory. Many people around the world do this successfully, and can even make money doing it. If you have never done it before, though, there are a lot of things to consider before you take on such a huge project — including the upfront costs.
Walter Gefrom is a Project Manager and Civil Engineer with a deep seated passion for restoring classic cars. Today he shares the costs to associated with restoring classic cars.
There is no simple answer to this question as costs can vary widely depending on a number of f factors. It all depends on the current condition of the car, the cost of whatever jobs that need to be done, and your skill level. You can save money by doing the work all yourself, but you may not necessarily have all the expertise if you are just starting out. Unexpected costs can arise and parts may cost a lot more than you anticipated. Whatever the value of the car itself is, restoring it can cost as little as $5k or as much as $30k or more depending on how much work is needed.