Saw this and was wondering what it's really worth?
69 Mach CJ. (R code ) been in storage since 1981. Now has updated NM title in my name. The VIN#...
I thought these cars were selling closer to $100,000, but I haven't been looking a lot lately.A nice '69 R code can be bought for $75K. Do you think this car can be restored for $47K after paying $28K for it?
And this is precisely why I bought a rough Mach 1 and restored it myself. Not only did I want to build a car, but I was able to build it exactly the way I wanted to build it. (With a lot of help from NPD, by the way.)One dynamic I'll mention that leans towards restoring one rather than buying one already done, is that when you're finished, you will KNOW what you have, and you'll have control over the build and the quality within every system and detail..
You can buy an already-freshly-restored car, one that's won top awards in MCA and AACA, and looks absolutely gorgeous on top and bottom... And find out after it's home and the deal is cemented that a MYRIAD of short cuts and compromises and out-and-out screw-ups are lurking everywhere that you couldn't see or sense in the first test-drive.
Trust me, I can't tell you how many times I've purchased a "done" vehicle, that has won prestigious awards, and once I started peeling the layers off the onion to address something mechanical or functional that came up, the whole house of cards came crashing down on me.
So sure... You can get up-side-down quick when you do your own restoration, or commission and project-manage your own restoration. But when you're finished, you know what you've got. Sometimes, for the long-term (i.e. not planning to flip the car any time soon), that peace of mind is worth the premium you paid. And OF COURSE, especially if you've got sweat equity in the restoration, that's huge too... It's a hobby after all!