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FAQs – Classic Car and Classic Luxury Limo Restoration

If you are thinking about restoring a classic car or classic luxury limousine, you may find the following frequently asked questions helpful.

What is a classic car or a limousine?

There is no universally accepted definition.

Some people trying to sell a 10 year old car in poor condition might describe it as a “classic”. This will be more out of an effort to increase the selling price than anything else.

In very general terms, most people would consider “classic” to be:

• limited, highly prized and rarer age vehicle, even only 5-10 years old;

• any vehicle older than 25-30 years;

• any vehicle older than 25-30 years but older than 1920. Most vehicles before 1920 are called “antiques”.

Be careful not to be tricked into paying more than something is because the seller has unilaterally decided it’s “classic” or “vintage”.

Can a car be repaired?

In theory, you could take, say, a single bolt from a Ford Model ‘T’ and build a car around it. Voila! You have restored the ‘T’ model!

The real question should be – “can you restore any car economically and sensibly”? The answer is, no, you can’t.

This has three aspects;

• do not think that you have a chance to restore the car and make money from its resale. About 99.9% of people who try this end up losing a LOT of money trying;

• if your vehicle’s chassis and subframes are gone, they can still be restored, but cost wise you can also build the speaker from scratch. The cost of restoration is likely to be astronomical;

• remember that if most of the car is gone, your finished product of love is likely to be heavily criticized, or even denigrated by connoisseurs as “inauthentic”, “composite” or “a sad marriage of disparate pieces”.

Bottom line – be judicious about what you take on.

What is the value of a restored vehicle?

Sadly, many people make the mistake of trying to judge it by reviewing what others are asking for restored examples on EBAY or similar forums.

This method is often completely unnecessary.

Many online sites are full of restored vehicles that are simply unsellable. That’s because their owners paid too much for them, spent a small fortune restoring them, and then added 50% on top as their profit margin. They are then shocked when the car doesn’t sell.

If you use it as a guide, you will suffer.

The only way to verify a vehicle’s market value is to try to find examples of restored models that have actually sold and for how much – and not be mesmerized by what other people are unrealistically asking for theirs.

Can you find classic luxury limousines for sale?

Yes, they exist. Some luxury limousine providers Sydney and others sell their old vehicles – if they own them.

There are other specialist sites that can also help.

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