1967 S Basket Case - Guidance.

Run - unless you have money to burn.

I try to back into these things. A really good 1967S might be worth $350,000. You're going to spend at least $200,000 getting this basket case completed. More likely $250,000. You're going to tie up a bunch of money for several years.

If you put $200,000 into equities you will make around $10,000 a year.

All of this means you better love this car. Restoring this car has to be a huge goal. It's going to destroy your finances and most likely all your other hobbies.

On the other hand if you really want to do this why not?

Richard Newton
Garage Fires

Quote:

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Originally Posted by Silverbullit

Oh, trust me, it will take over a year, and could easily approach/surpass six figures. (I've just completed such a project).
One way to establish a value is to work backward from the finish-line. Start with the end in sight.
What do you want when finished, Pebble Beach or Daytona Beach? Show car or good driver?

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True enough. What do you want it to be when "completed"? If a driver or hot rod a lot of things can slide, meaning less cost and may be relatively easy to improve/correct if desired. However if you are committed to doing the drill, having the sheet metal done incorrectly is similar to building a home with out a foundation. Very expensive to correct in the future. additionally a mediocre paint job is also a big item to improve on later.
But Chiffon as factory color? May be one of a kind.
Any other details,options, was it raced ? All contributing factors in a valuation.

I figure any 1967S with matching motor and tranny is worth saving.

My goal would be to get it back to as original as possible.
No excuses for metal work and same for paint.

I am currently going through restoring a RHD 67S here in the UK, these cars in the UK in RHD format are rare beasts, I was lucky to find my car around 3 yrs ago I was pretty wet behind the ears when I purchased it, in terms of fully appreciating the project I had taken on:

car had been stripped for racing/rallying
original engine had blown a number of yrs earlier
had its original gearbox
no interior
modified suspension/breaks

My objective was to put it back to original road spec with some personal sports purpose touches.

I now appreciate how difficult it is to firstly find all the missing parts from interior (one year only parts in a lot of cases) to engine parts, to suspension etc.

Negative points have been the cost of purchasing one year only parts, purchasing incorrect parts, probably going to be around 25% over budget.

Plus points I love the car, have learnt loads over the last 2 years, and would probably not have done so if the car been stock to start with.

so I would say if you intend to buy a 67s to keep for your own personal use / love then go for it. If you intent is to make a healthy profit on these cars once restored, then thread carefully especially if there are plenty of original features missing.....

i ended up passing on the project and bought a good 1967S that was previously restored.

thanks.

Also-- a SWB car drives like a 1961 VW Bug and a LWB 911 drives like a Cadillac in comparison. Chris

Low 6 figures is really low for a quality restoration.

The key thing here is what you pay for the car. I'm going to guess a completed car might hit $350,000. A restoration might be $200,000. That give us about $150,00 to play around with. Now deduct what you paid for the car from that $150,000. I see some problems here.

You're not going to come out of this financially whole. That means you had better really like driving the car.

Richard Newton
Car Tech Stuff