Lonn............
A full restoration of a condition 5 XK140 for $20,000? You must be planning
to do most of the work yourself? Figure at least twice that for a good,
professional restoration - more if the body is rusty (as I would expect a
Seattle-area car to be).
Lawrie
British Sportscar Center
-----Original Message-----
From: Lonn Howard <hoops@owt.com>
To: Triumphs <triumphs@autox.team.net>; MGs <mgs@autox.team.net>
Date: Friday, April 30, 1999 7:16 AM
Subject: If I Was A Rich Man...
>Scanning the local paper I came across an add for a '68 Jag XKE and a
>'54 Jag XK120. My heart started racing, a '54 XK120! I called and he
>still had the car so I dropped by to take a look. I was hoping (no,
>PRAYING, and I'm not a religious man) for an ignorant seller. When we
>walked into the backyard and he had a four bay garage occupying a large
>chunk of real estate I knew my fervent prayers had gone unanswered. He
>knew what he had.
>
>OK, now to the rich man part. The car is in condition 5, and he is
>asking US$13,500 which is a fair price. It would take about US$20,000
>to restore the car, for a total investment of US$33,500. In condition 3
>the car is worth $37,000 to $45,000, and a good restoration would
>produce a condition 2 car which would command an even higher price. Get
>the picture?
>
>So. Who is going to loan me $33,500?
>Lonn Howard
>'70 TR6 -mine
>'71 TR6 -in my garage
>'70 MGB GT -ours
>'89 Saab Turbo Convertible -hers
>
>"We are but temporary custodians with an obligation of preservation."
>
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