Oh, good. A Cat Fight!
Haven't seen one of these since someone tried to define a paint color.
Floyd
----- Original Message -----
From: "Lawrie Alexander" <Lawrie@britcars.com>
To: "Moorhead, Tim" <TMoorhead@leapnet.com>
Cc: <mg-t@autox.team.net>
Sent: Wednesday, August 16, 2000 9:15 AM
Subject: Re: TC Wanted
> And I guess my point, Tim, is that we -as owners and restorers of these
> cars - should do all we can to change that situation!
>
> If we, the "experts", decry the high prices and tell the world at large
that
> these cars aren't worth but a fraction of the restoration costs, then
who's
> to argue with us? The cars will always be worth a lot less than it costs
to
> restore them.
>
> If, on the other hand, we encourage people to buy cars for closer to what
it
> costs to restore them, we - as sometime sellers - win, there is more
> incentive to restore cars properly in the knowledge that it'll be easier
to
> keep from getting upside-down, and the buyer of the higher-priced car will
> have a greater appreciation of what he owns.
>
> In the grand scheme of things, it's also fairer, as why should it be
> possible for one person to buy for $20K what another spent $40 restoring?
> Remember, market values are established by buyers and sellers; if some
"Blue
> Book" somewhere says a TC is only worth $15K, surely that doesn't mean
that
> we all have to sell our cars for that price, or give up restoring them
> because they'll never be worth half what the job costs?
>
> Just my 2 cents' worth, of course...........
>
> Lawrie
> British Sportscar Center
>
> -----Original Message-----
> From: Moorhead, Tim <TMoorhead@leapnet.com>
> To: 'Lawrie Alexander' <Lawrie@britcars.com>
> Cc: 'mg-t@autox.team.net' <mg-t@autox.team.net>
> Date: Wednesday, August 16, 2000 7:57 AM
> Subject: RE: TC Wanted
>
>
> >Lawrie -
> >
> >Thanks for the reply.
> >
> >You use the words "professionally building" and cite a 40,000 figure.
This
> >doesn't mean that the car is worth that amount of money. I have found
that
> >one can get upside-down fairly quickly if one relies on others to do the
> >restoration work. I worked at at a restoration shop here in Dallas from
> >1995-1997, and during that time period we completed the restoration of
> >several cars. One of which was a '71 MGB for a fellow who had owned the
> car
> >since new. He spent between $25,000 and $30,000 on the restoration.
Does
> >this mean that his B was worth that? Only to him. IMHO, his car was
> worth,
> >at best, $10,000, and then only to a select group of people.
> >
> >I have personally restored a TD and a TF to what I (and my fellow club
> >members) would term "correct show quality", and didn't get upside-down on
> >either of them. Some work was done "professionally" (machine shop, and
> >paint/body) , but the remainder of the work (dis-assembly, re-assembly,
> >mechanical, electrical, upholstery/top/tonneau) was completed by my
> lonesome
> >in my home garage. Many of our club members have completed " correct
show
> >quality" restorations, including body and paint work, without relying on
> >"professionals".
> >
> >I guess my point is that many people seem to think their cars are worth
> what
> >they have invested in them, and in most cases, this just isn't realistic.
> >
> >Tim in Dallas
> >
> >> -----Original Message-----
> >> From: Lawrie Alexander [SMTP:Lawrie@britcars.com]
> >> Sent: Wednesday, 16 August, 2000 9:21
> >> To: Moorhead, Tim
> >> Cc: mg-t@autox.team.net
> >> Subject: Re: TC Wanted
> >>
> >> And, yet, why is this? The present-day cost of professionally building
a
> >> correct "Show-quality" TC is about
> >> $40,000. So, either there are great variations in peoples' ideas of
what
> >> really is "Show quality", or there are a lot of people around willing
to
> >> simply throw away the money they have invested in their TC restoration.
> >>
> >> Lawrie
> >> British Sportscar Center
> >>
> >>
> >
>
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