Classic

fredgillis · 21-01-2020 11:55am #1

i want to buy a classic car that needs some minor repair but its a minefield out there,

what going to go up in price ? and whats classic never going to lose you money?

this is my first venture and don't want to be stung

macplaxton · 21-01-2020 4:14pm

Classic cars aren't investment products, unless you're dabbling in the very, very top end of the market.

At the regular end of the market, they are all money pits.

kadman · 21-01-2020 4:27pm

fredgillis wrote: »

i want to buy a classic car that needs some minor repair but its a minefield out there,

what going to go up in price ? and whats classic never going to lose you money?

this is my first venture and don't want to be stung

The term classic car and minor repairs are very rarely in the same sentence.

Unless of course you have the skilset required to make repairs your self.

If you have non of the required skills, then you may well fall into the " Noobie classic owner. Depending on the chap you chose to do your repairs, you could then fall into the

" Noobie to classics, with plenty of money to fork out on repairs "

Or in short " Lamb To The Slaughter"

And don t be under the impression specialist restorer to your marque, means anything either. It does not.

Do research, then more, then more, on your chosen classic and your chosen restorer
Honest guy will welcome any question you have , and more importantly access to his previous clients

Isambard · 21-01-2020 4:40pm

DIY repairs to your Classic are always very simple, until a bolt sheers off or you find unexpected rot. The biggest skill I have learned is "grin and bear it".

fredgillis · 21-01-2020 10:36pm

macplaxton wrote: »

Classic cars aren't investment products, unless you're dabbling in the very, very top end of the market.

At the regular end of the market, they are all money pits.

but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

Dravokivich · 21-01-2020 10:37pm

You've been watching too much discovery channel.

endacl · 21-01-2020 10:41pm

fredgillis wrote: »

but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

Ha...ha...hahaha.....hahahahahahahahahahahahahahahahahahahahah!

Doctors room ghost · 21-01-2020 10:53pm

I’ve a liking for the starlets.you would pick them up fairly handy.thats the fwd ones now from the boxy upwards.
You’d want big money to get a clean rwd starlet these days.

JabbaTheHut · 21-01-2020 10:55pm

fredgillis wrote: »

but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

Well, if it's a good one, it probably won't lose money, but unless you buy a great one, for peanuts, which is almost never going to happen, you're never going to make anything on it.

I spent nearly 2 years doing up a Fiesta. If I charged for my time, I'd be a very rich man. Just have to find some sucker to pay me that kind of money. Look at Kadmans post on welding. If he was to sell the finished car, he'd be selling it for a fraction of what it cost him time wise alone. And most here will testify to the same.

Also, there's not a very big market here compared to the UK. There's http://www.ownyourclassiccar.com/index.php for example that you'd be competing with, along with http://deanemotors.ie/ to name but two.

Or there's this on ownyourownclassic . http://www.ownyourclassiccar.com/vehicles/mercedes-benz/190/donegal/2250716

While you have unkel's one here https://www.donedeal.ie/vintagecars-for-sale/mercedes-190/23595056 for a grand less . He won't mind you flipping it

Doctors room ghost · 21-01-2020 10:55pm

Dravokivich wrote: »

You've been watching too much discovery channel.

Mikeen brewer has a lot to answer for with his makey upey profits.haha.
Not a penny labour added to the bill.
If he was paying a mechanic he’d be running at a massive loss.

JabbaTheHut · 21-01-2020 10:58pm

Doctors room ghost wrote: »

Mikeen brewer has a lot to answer for with his makey upey profits.haha.
Not a penny labour added to the bill.
If he was paying a mechanic he’d be running at a massive loss.

Yeah, I've seen this discussion before. When it's mentioned, some say it's just an entertainment show, but as you rightly point out, it he had to pay his mechanic, he'd be broke ten times over.

MIKEKC · 21-01-2020 11:01pm

fredgillis wrote: »

but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

How do you reckon you are going to get them cheap and sell them dearer?

kadman · 21-01-2020 11:45pm

You have come to the right place for information on classic ownership.

Lots of extremely knowledgeable owners of classics on here able to impart some

wisdom on the topic to you.

Listen to them ..;)

fredgillis · 22-01-2020 12:22am

Doctors room ghost wrote: »

Mikeen brewer has a lot to answer for with his makey upey profits.haha.
Not a penny labour added to the bill.
If he was paying a mechanic he’d be running at a massive loss.

I always thought, poor Ed, He just there on work experience lol

fredgillis · 22-01-2020 12:23am

MIKEKC wrote: »

How do you reckon you are going to get them cheap and sell them dearer?

chasing classic cars

this any good

https://www.donedeal.ie/vintagecars-for-sale/mgbgt-irish-car/23579069

kadman · 22-01-2020 12:53am

fredgillis wrote: »

chasing classic cars

this any good

https://www.donedeal.ie/vintagecars-for-sale/mgbgt-irish-car/23579069

You cant tell from pictures or ad content,

But look at the details, from a slightly different viewpoint, what do they really mean,

- DRY STORAGE SINCE 2001
- IRISH CAR
- 1979
- NO NCT NEEDED PRE 1980
- IN GREAT CONDITION
- ALL PAPERWORK AVAILABLE
- NOT STARTED WITH FEW YEARS
- WAS DRIVEN IN TO GARAGE
- PRICED TO SELL
- WELL WORTH VIEWING
- VERY ORIGINAL
- SOLD BY CANNYS GARAGE CORK
- €3000
- CAR CAN BE VIEWED IN THE
MIDLETON AREA
- A GREAT FUTURE INVESTMENT
- NOT YOUR USUAL RUBBISH
- WILL NEED A FULL SERVICE AND NEW
BATTERY
- DELIVERY CAN BE ARRANGED
- CALL 0833946694
.........................,,...,,,,,,,,,,................................................
CALL FOR ANY MORE INFORMATION
..........................................................................,,,,,.........
THIS CAR WONT BE SOLD FOR €2000
DONT RING UNLESS YOUR INTERESTED

kadman · 22-01-2020 1:02am

Not started for a few years
Driven into the garage.
Last taxed in 01, all means

This car may need a bit more than a full service to get it driving again. And define full service for this marque??

Testacalda · 22-01-2020 11:35am

fredgillis wrote: »

chasing classic cars

this any good

https://www.donedeal.ie/vintagecars-for-sale/mgbgt-irish-car/23579069

Its only €3000, buy it and see how it goes for you, how else will you know if you like classic cars, owning them, using them and fixing them. You can always just sell it again.

It'll need a good bit of work though....

Dades · 22-01-2020 12:18pm

Testacalda wrote: »

Its only €3000, buy it and see how it goes for you, how else will you know if you like classic cars, owning them, using them and fixing them. You can always just sell it again.

I don't think the OP has any love for classic cars. This seems purely financially motivated. Nothing wrong with that per se, but unless you actually know anything about classics you'll be very lucky to spot a bargain that might make you a profit.

Wayne Carini on CCC has passion, and decades of experience owning and restoring. You see even he gets it wrong sometimes when auction results don't go as expected. I'd say profits from his regular dealership allows him to indulge in flipping classics with some impunity.

For the amateur, it only takes one deceptively washed and waxed basket case to permanently dent your ambition. And spotting that basket case takes diligence and research.

Doctors room ghost · 22-01-2020 2:05pm

Dades wrote: »

I don't think the OP has any love for classic cars. This seems purely financially motivated. Nothing wrong with that per se, but unless you actually know anything about classics you'll be very lucky to spot a bargain that might make you a profit.

Wayne Carini on CCC has passion, and decades of experience owning and restoring. You see even he gets it wrong sometimes when auction results don't go as expected. I'd say profits from his regular dealership allows him to indulge in flipping classics with some impunity.

For the amateur, it only takes one deceptively washed and waxed basket case to permanently dent your ambition. And spotting that basket case takes diligence and research.

Chasing classic cars and wheeler dealers are just for entertainment though and anyone who takes them seriously needs to wake up.
Selling cars with no reserve in auction and running at a loss.
It’s all for drama.wayne couldn’t give a flying fcuk.hed be making more money from discovery than he ever made selling cars.
As for wheeler dealers the actual fixing of the cars is interesting yeah.as for the rest it’s fairytale stuff.profits listed then with no labour costs.i honestly don’t know how it was ever produced as a show.a steaming load of sh1te.

Tazio · 22-01-2020 3:39pm

I own/owned cars from 70's era upwards. some were fun and some were real 'fun'.

If OP wants to buy a 'classic' car for a sunny Sunday spin and to learn how to change oil and fix stuff then buy a mid to late 90's Japanese car (assuming you don't have some passion for a certain marque). maybe something like an old MX5. I'd call something like that a modern classic (my opinion) - It's old enough to get you out for a spin on a Sunday run with a club and you'd get few thumbs up in the local garage forecourt too. Drive it for a year and see if you want to trade it to go back in time an take on carbs and sil rust!! The Mx's will re-sell pretty quick too if you decide it's not for you.

Again, you're not going to make money - but it shouldn't cost you the earth either -and you'll have some fun.. and that's what it's all about imo.

JabbaTheHut · 22-01-2020 4:29pm

Tazio wrote: »

Again, you're not going to make money - but it shouldn't cost you the earth either -and you'll have some fun.. and that's what it's all about imo.

Thing is, Dades is right. The OP doesn't have any love for classics.

airhead_eire · 22-01-2020 10:31pm

fredgillis wrote: »

chasing classic cars

this any good

https://www.donedeal.ie/vintagecars-for-sale/mgbgt-irish-car/23579069

If you can't answer that question yourself then flipping classics isn't going to be for you.

Wibbs · 23-01-2020 9:44am

Tazio wrote: »

If OP wants to buy a 'classic' car for a sunny Sunday spin and to learn how to change oil and fix stuff then buy a mid to late 90's Japanese car (assuming you don't have some passion for a certain marque). maybe something like an old MX5. I'd call something like that a modern classic (my opinion) - It's old enough to get you out for a spin on a Sunday run with a club and you'd get few thumbs up in the local garage forecourt too. Drive it for a year and see if you want to trade it to go back in time an take on carbs and sil rust!! The Mx's will re-sell pretty quick too if you decide it's not for you.

Again, you're not going to make money - but it shouldn't cost you the earth either -and you'll have some fun.. and that's what it's all about imo.

A good idea for someone starting out on the madness. Though one caveat; while generally near supernaturally bulletproof mechanically, 90's Japanese cars can be an absolute whoer for the rust. MX5's are well known for it. So even there major caution is advised.

Make money with classics? Unless you're a real specialist and have an eye for the market then not a hope. The only other way is to buy "classics of the future" when they hit the very bottom of their depreciation market value, buy a few of them, keep them maintained and running and wait twenty years...

Isambard · 23-01-2020 11:35am

flipping as a business is fraught with pitfalls.

Unless you're an expert mechanic, there could and probably will be hidden faults and the buyer will be coming after you with all the rights the Law gives them on a commercial deal.

unkel · 23-01-2020 12:06pm

Tazio wrote: »

If OP wants to buy a 'classic' car for a sunny Sunday spin and to learn how to change oil and fix stuff then buy a mid to late 90's Japanese car (assuming you don't have some passion for a certain marque). maybe something like an old MX5.

Good suggestion from a practical point of view, but probably very hard / impossible to get reasonable money classic insurance on one

_ptashek_ · 23-01-2020 3:00pm

fredgillis wrote: »

but don't they increase in value, I would like to buy a few cheap and flip them but not sure what to go for

With that attitude, I wouldn't even bother trying.
You clearly have no interest in classic car ownership.
They do go up in value, but mostly slowly and only for very few select models of very few select brands. And not in the "cheap" section of the market either.

Going into classic car ownership on the middle-class affordable end of the market always means one thing: not making any money out of it, but plenty of fun if you like getting your hands dirty, and standing out from the soap-box-on-wheels crowd.

kev1.3s · 23-01-2020 5:27pm

_ptashek_ wrote: »

With that attitude, I wouldn't even bother trying.
You clearly have no interest in classic car ownership.
They do go up in value, but mostly slowly and only for very few select models of very few select brands. And not in the "cheap" section of the market either.

Going into classic car ownership on the middle-class affordable end of the market always means one thing: not making any money out of it, but plenty of fun if you like getting your hands dirty, and standing out from the soap-box-on-wheels crowd.

I wasnt even going to bother replying after I read that as the OP is clearly a troll.

Bigus · 24-01-2020 2:15am

Methinks Fred might be a cute corkman who’s selling an Mgbgt and has the whole of classic boards looking at his ad , ...well done Fred.

fredgillis · 26-01-2020 10:59am

I went to look at an 1989 golf gtd and it was a nice one until I saw the book and was a 1.3 which got a diesel engine put into it

fredgillis · 26-01-2020 11:02am

what cars should i be on the look out for,
looking for something that i could fix up, drive for a while and sell on,
some that not lose value

is there particular cars out there that i should try and concentrate more on finding and those that should be avoided

Classic

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