2016
Vol. XVIII



AUGUST NEWSLETTER
 

RESTORE OR BUY A COMPLETED CAR?
HOW IT SAVES MONEY AND TIME...

My clients’ most frequent question relates to buying a car that is ready to drive or restore one to exactly what they want. As most of us in the classic car business, we too have bought a car needing lots of love because we have a vision of what it can become and are willing to take the plunge. It usually never ends as planned. 

When you buy a car to restore, estimates to complete it to acceptable standards are always low. Many clients have told me of their $40K budget projects that were in pieces when the $40K was gone and they had no alternative but to finish the project. Almost any car in pieces is not worth $40K. They end up spending $60K, $80K or more and then are usually disillusioned by the time the car is completed. Here are our observances and suggestions after ten years in the business as a classic dealer.

  • Most people restoring a car plan to keep it forever. They discount changes in circumstances and possible loss of interest. Few people keep a restoration project car for more than five years after completion.
  • The day a car is finished, plan the current value will be 30-40% less than was invested. So, a $100K car freshly restored will bring between $60-70K in the resale marketplace. You never get your investment back.
  • Timeline estimates typically double and triple for a variety of reasons. If the restoration shop says 6 to 8 months plan on 12-18 months. It always takes much longer.
  • Dealers restoring a car internally at cost still are usually upside down upon sale time. We have all fallen in love and taken our hits also.
  • Buying a completed car nicely restored is a bargain of money and time. You save money with a finite investment amount far less than build cost and typically the car is ready to drive shortly after purchase
  • Even if you want to make improvements or changes to a car that has been restored, it will usually be far less time and money to take this option.
Here a few of our clients’ restoration projects we sold and one of ours we fell in love with, the Buick wagon. Our buyers got a bargain and those that paid the bills, a lesson. We purchase and represent many restored cars. Let us save you some money and have you driving shortly after you purchase your car.

1959 Chevy Corvette

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This is an excellent example of the 1959 Corvette convertible. Original Texas car restored over two years and completed in 2014. Nut & bolt restoration, nothing overlooked. Now it is ready for its new owner to love and pamper. This car will win shows!

This car has a beautiful dual stage repaint in Raven Black with Silver Coves, the best color combination. Excellent correct Red deluxe bucket seat / console interior. New carpet, door panels and Black convertible top. Perfect restored dash, gauges, and new AM/FM stereo, & trunk compartment. Ice cold vintage air conditioning added.

Rebuilt original 283 V-8 engine & dual 4BBL carbs. Rebuilt three speed automatic transmission. Rack & pinion steering - upgraded rear suspension. New correct spinner wheel covers and new radial tires. Since restoration, only driven about 500 miles. Now it will look great in your garage. Garage kept, pampered and serviced, this car could not be nicer. This car has been refreshed, detailed and ready to drive or show. 

1963 Chevy Corvette Sting Ray

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This is an excellent example of the 1963 split window Corvette. Original Kentucky car restored over two years and completed in 2014. Nut & bolt restoration, nothing overlooked. Now it is ready for its new owner to love and pamper. This car will win shows! 

This car a beautiful dual stage repaint in Bright Red, an eye popping color combination. Excellent correct Red deluxe bucket seat / console interior. New carpet, door panels and rear compartment. Perfect restored dash, gauges, and new AM/FM stereo with rear compartment speakers. Ice cold vintage air conditioning added 

Brand new crate 350 V-8 engine & BBL carb. Original four speed transmission & headers. New correct knock off wheels and new radial tires. Since restoration, only driven about 300 miles. Now it will look great in your garage. Garage kept, pampered and serviced, this car could not be nicer. This car has been refreshed, detailed and ready to drive or show. 

1973 Chevy Camaro

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This amazing lifetime California Camaro gets nothing but attention. Fully revamped in California in 2011 at a cost over $40K in restoration expenses. Original 350 V-8 Camaro with Z28 Tribute added upon restoration. New paint, interior, mechanicals & chrome. Ready to drive and show anywhere. My shop is completely reviewing all aspects of the car, preparing it for its next owner. 

Show quality dual stage Tangerine Orange Metallic with Silver Metallic stripes. New Black bucket seat / console interior. New dash, gauges, door panels, headliner & carpet.

Performance crate 350 V-8 engine, automatic, and new suspension. Front power disc brakes and power steering. Ice cold factory air conditioning. Brand new wheels and radial tires. This car has been refreshed, detailed and ready to drive or show.

1972 Pontiac Trans Am

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This rare Trans Am was one of only 1,286 produced in 1972. The early 1969-1973 Trans Ams were very low production models and destined to continue to increase in value. Fully restored in 2015. New paint, interior, mechanicals & chrome. My shop is completely reviewing all aspects of the car, preparing it for its next owner. 

Correct White paint and Blue striping. Correct shaker hood. New correct Blue bucket seat / console interior. New door panels, carpet, headliner and refreshed dash. Ice cold factory air conditioning. This car has been refreshed, detailed and ready to drive or show. 

Consignment

Click here to consign with us today!
MJC Classic Cars has been selling not only our own cars, but vehicles for consigning clients We’ve been able to consistently sell luxury cars,  muscle cars, and custom hot rods for clients from all over the USA and Canada.
 
We only consign very nice vehicles, no rust buckets or projects. Our rule is we need to have the vehicle present for photographs here in Lakeland, Florida and can safely store the car until sold. We do not take offsite consignments as many cars are visited pre-sale by buyers and inspectors, so we limit consignments to cars that are with us.

 
MJC Classic Cars is an established company selling about 300 classics this year. We have found eBay, Hemmings Online, Classiccars Online and Autotrader Classics to be the most cost effective and result oriented places to advertise your car. Our website www.mjcclassiccars.com confirms the quality of the cars we sell to potential buyers. Fees paid after we sell your car...Most consignment companies charge you up front and then ongoing marketing fees. We charge our selling fees after we sell your car. There are no storage fees or marketing fees paid during the selling period. We get paid when we perform.

How We Do Business

What sets us apart from other dealerships is the fact that we buy very few auction cars.  My experience is too many misrepresentations and never knew what we were actually buying.  Almost all of our cars are private purchases or private consignments. We have a fifteen person restoration shop that only works on the cars we purchase, no other outside work.

Since getting started in 2007, our sales should reach 300 cars in 2016, about 30% of them being exported.

In the short amount of time we’ve been open, we’ve sold cars to over 46 different countries and all 50 states, including Alaska and Hawaii.  We sell more classic 1970’s luxury cars than anyone else is the world.

All of our cars are repaired, ready to drive. No dealer repairs their classic cars like we do.
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