Question:
Hello i am considering buying a 1978 black chevy monte carlo with 80,000 miles on it, it runs but has a little rust. It was registered 2 months ago so I know it has not been sitting around very long. I am considering buying it as a project car and put some work in it with my friend but was wondering later on if I wanted to sell it, if some people would know if there is alot of money to be made on a car like that restored. I am buying it for $900 and am told everything is still original on it. thx
Answers:
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i can find these cars around here like that all day long. but don't let people tell you they will bring 10 to 15000 dollars because in my experience they won't. the selling price depends on who will buy it and for what doesn't matter if it restored or modified just recently sold a monte carlo for 2500 that needed a shifter cable and very minor paint work interior was imaculent, brand new tires, drove like a dream and it had 154,000 miles on it but you wouldn't have known it to see it. so the price it will bring is what the market will bear. you could buy a trans am or a z28 from that era for 10 to 15000 dollars and have a sports car.Has anyone had any steering or suspension problems with their 2007 Dodge Ram?
Yes this car can be fixed up and if you want sell it and you will turn out with a very good profitDepends upon how much of the work you are capable and can do. Similar (fully equipped) Monte Carlos usually run between fifteen and eighteen thousand dollars in Hemmings. If you can manage a resto, using only correct parts and finishing it to factory specs for an amount of money that you are comfortable spending, go for it!! However, I wouldn't try revuilding an auto, with the intention of selling it for profit anyway; I'd do it for myownself and for my satisfaction!
It truly depends on how much work your willing to put into it. i mean if you fixed the body and the car runs decent, a paintjob and a few customizations here and there will give you a nice return, but if youre trying to fully restore the car to the factory condition, i really cant see you making that much off it.
The majority of cars that are restored to factory condition are sold for less then what the person put into it. The monte carlo is a fairly common car, so parts will be easy to come by, but it depends on the market on what you could sell it for.
I agree with the previous poster on the 15,000ish range for an original low mileaged car... so i would think that 10-13,000 for a factory restored car is about right.
However, a fully customized car might get you a better return... expecially if its a show car... youre talking between -$40,000 easy, but its going to require quite a bit of time and money.
There is a saying: the only way to make money restoring cars is to restore them for someone else.
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There is very little to be gained by restoring a 78 Monte Carlo unless you just love the car. They aren't considered a collectors car by any means.More Questions & Answers ...
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