No same principle applies, say you buy a $500 rust bucket that needs
major mechanical work as well. Itemise all the costs and the figure will
be way high, depending on how much you can do.
Plus a neglected car is more likely to break down and leave you by the
side of the road, compared to one that has been maintained.
Would you think that you could get a 500 beater up to the standard of
that green 123 for 7k?
Perhaps if you have access to a fully equipped workshop and spray booth
and know how to handle all the tools like a pro.
How much is a quality paint job these days? Sure anyone that is handy
with their hands can do a course to learn the art and that is a challenge.
Or you can spend the 7.9k on the car and go fishing with it, while some
other slob starts a rolling restoration and then gets tired of it, half
way through.
How many of these "was gonna fix er up" ads do we see in a year?
If working on cars is your hobby, then yeah a 'good value' car that is
not perfect but is not worn out is the go, do the essential to get it to
a standard of reliability and then tinker away at it, plus if you buy at
the bottom of the depreciation cycle you should not lose too much money
on it.
Hendrik
whose cars are not quite rolling restorations
On 21/08/14 04:53, Andrew Strasfogel via Mercedes wrote:
There is an exception to that rule. If you to plan on a restoration, it
pays to purchase a *running car* as cheaply as possible so you can take
your time in making the most cost effective improvements at a leisurely
pace.. This explains my 18 year enjoyment and simultaneous restoration of
a 1970 280SE 3.5 coupe that had lots of issues, but I could at least drive
it safely while fixing and restoring things.
On Wed, Aug 20, 2014 at 12:44 PM, OK Don via Mercedes <mercedes@okiebenz.com
wrote:
My experience as well. How much will you have to pay for any MB with 68k
miles accumulated at the standard rate of 12k/yr. (a 2008 model)? It looks
like a bargain from that perspective.
On Wed, Aug 20, 2014 at 4:37 AM, Dan Penoff via Mercedes <
mercedes@okiebenz.com> wrote:
Hendrik makes a very valid point, and one that pretty much applies to any
used car purchased. That is, spend the money up front for the very best
example you can find. You'll be better off than buying a fixer-upper or
one
that needs work, as it will most likely end up costing you more.
BTDT myself.
Dan
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