Is it Still Worth Restoring?

[woodfire]

After about more than a month canvassing for prices of parts of a BMW 2002 tiit (turbo), plus, checking out the cost for a full blown body & chassis resotration from decent body restorers, I reckon that I may as well "rob a bank" to be able to afford this project/endeavor.

Since a bachelor friend who's into car restoration as a hobby offered to just buy from me the 1974 BMW2002 tiit, I am now seriously thinking of relenting and just let go of this project. Part of me would like to hang on, but the family man in me also pushes me to just let go and give up.

What do you think guys?

[v22]

restoring an old flame of yours is always gratifying! reminiscing all the good times that car represents is priceless! but due to hard times we are forced to be practical and think of the future....

if your moneybank gives a thumbs up then why not! if not... you might just end up in missery....

[vince]

You can always restore it slowly.

[squala]

It simply depends on how much 'consumer surplus' you think you'll get out of restoring your old car. Would a hefty sum of money bring an abstract ROI to you? Definitely it's very impractical, but if it will really make you really happy, why not?

[empy]

the problem with a full body restoration is of course the price, but even if you had tons of money, you'll still have to source original parts (or very high quality replicas), and use a body guy who has tons of experience with bmw specifically - otherwise your restoration will look like a crappy kit car.

the 2002 turbo is definitely a classic with huge cool factor, so i certainly would love to see you take the plunge, but definitely make sure you get quality work (which costs a lot)

[109]

Kung kaya naman....GO!
Kung saan ka maligaya

[odell]

ser dindo,
kayang kaya niyo yan ser.. ituloy..

[ghosthunter]

Reality bites and so if you think you cannot finance the restoration of your BMW, you might want to sell it off or find a sponsor for it.

[woodfire]

M54 is right! In the metropolis, I was only able to shortlist 2 (out of the 8 body restorers I screened) which can properly handle a classic car. However, the cost estimates of the 2 is pretty on the high side (which I fully understand).

However, bulk of the restoration cost will really go to the suspension system and engine wear & tear parts.

My tendency right now is to just let go and sell off to my friend (who's a bachelor) who can see through the restoration completion.

[the_wildthing]

The April 2003 issue of European Car magazine has a restored 2002 featured.

The intro of the article said:

Throw enough money into a hole, and eventually it will fill. Throw the same money at a car, and the results aren't quite as predictable...

Make no mistake, the cash deployed throughout this BMW could buy a brand new M3 - with a nav system.

IMHO, if you really want it, go for it, even slowly. If you have doubts, let your friend have it.

[niky]

I would feel bad seeing a car like that rust in my garage... I say, let your friend have it, or go into partnership on the work... at least you'll get to see her returned to "mint" or at least "good" condition within your lifetime. :D

[baiskee]

don't push it if you have doubts. ;)

[pajerokid]

Sir Dindo, how would you feel when you see your friend's fully restored your 2002?

[vinj]

Right now, prudence is a must IMHO, especially if you have mouths to feed and school tuitions to pay... If i were in your shoes, i'd sell it to someone who's fullya capable of seeing the prject through.

When one door closes, another one opens up.

[Kobe]

Patience is a virtue....

I am a family man myself. I have 3 kids. Have 2 cars (2003 & 1998)... until this "project" came into the picture.

I bought a 1978 MB300TD AT. Ok naman state niya but after checking the underchassis... I need to come up around P110T to have everything done... and that's only the underchassis... wala pa loob and some paint retouches.

You can pursue that "project"... but take my word, DON'T SET A TIMETABLE ON WHEN YOU'D BE ABLE TO FINISH ITS FULL RESTORATION. Kasi if you do, yup, you need to rob a bank NOW!

Look at it as a project without any deadline. Kapag may konting extra, restore. Kung wala, konting tiis.

You can make it. DREAM, BELIEVE SURVIVE.... CAR-STRUCK!

:D

[the_wildthing]

Originally posted by Kobe

You can make it. DREAM, BELIEVE SURVIVE.... CAR-STRUCK!

Natawa ako dito.

Pwede naman may deadline. Mga 2010. Hehe.

[luckytruck]

my dad has an extra 1966 mercedes that needs about 180,00 pesos to restore. bigay nya sana sa akin. but for that kind of money, i would rather make a nice trailing rig.

he had two and one has been semi-restored by my brother, so at least we have one of the two already.

andy

[HBOY]

luckytruck... nde nya irerestore yung MB??..


just make it a long term project if you really want... otherwise... sell it....

make it run. then make it a rolling project.. pag may pera.. pagawa.. pag wala.. itulog mo na lang.. ehehhe

[OTEP]

Hindi mo naman kailangan magmadali. I still have the 1977 W123 stuck in a shed. Yung Ford, almost ten years din bago nasimulan ang restoration. Ganyan lang talaga minsan. :D

[luckytruck]

HBOY, we have two identical units kasi na 1966 modle na benz. the first one (yung may sentimental value) is already back with us and running. the 2nd one is still in Cebu and we are deciding what to do with it. wala masyado senti value kasi we just purchased it about 3 years ago.

if anyone is interested to take it off our hands, please drop me a line.

andy