Re: Restoring old tractors

Posted by dhermesc on April 09, 2007 at 06:47:43 from (24.248.193.103):

In Reply to: Restoring old tractors posted by MTC on April 08, 2007 at 16:49:09:

Old cars aren't any better. Unless you "luck into" something rare at a great price you'll never make your money back there either.

Any running car worth restoring the owner wants half what a restored unit brings otherwise they'll park it under the trees to keep ruting until someone will pay what they think its worth. Take a 1967 Mustang coupe that's not too rusted out and is in drivable condition, The cheapest you'll find one is about $2500 most are about $3000 to $3500. A decent retoration/refurbishment will run $6000 to $8000 with minimal outside help (how many people you know has a paint booth or lathe for turning the crank(?). Get hooked up with the wrong shops and it could easily $12,000-$15,000. A good looking restored coupe is woth about $8,000 - $9,500 or so. At best you are are going to break even, at worst you'll lose your shirt.

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