Originally Posted by bazkoon
I am new to this hobby. Looking to buy a 67 RS/SS. It is fully restored interior. New paint job. Original 14" wheels. New automatic transmission. New 350 crate motor. It is not numbers matching. What should I pay for it ???? Will this car appreciate in value without a numbers matching engine? Can it still be a show car? Any input from you guys would be greatly appreciated.
Hey Ken, welcome to TC and welcome to the confusing world of the collector car. Let's start with, can it be a show car? As someone else already stated, sure it can be a show car, any car can be a show car. If your question was really meaning to be much deeper, can it be competitive in a nationally recognized points judging shows where being an all original survivor or restored car is what is being judged then the answer is no. That's really an extreme example of the car show spectrum though.
Repainted cars with aftermarket seats and replacement blocks with original parts or parts that look original can win original class in a local community car show though because of the lack of knowledge on the part of the judges who usually are either sponsors or other participants. This type of show is really a "what car do you like best" show and all it takes is an aged paint job to enter or be placed the original class. I suspect it's the reason someone like tronic72 has a complaint being an owner of a numbers matching car... See what I mean about confusing? Anything but nationally recognized points shows should be looked at as social events where if you go home with a trophy it's gravy on the potato's. If you go home empty handed because the sponsors son in laws big block car with a small block heater box and 6cyl tag won your class, don't be disappointed, expect it and just enjoy the day for the social event it was.
As for value of any given car, it has to be desirable first. Second it has to be finished in a way that the masses will appreciate. (to those that read my feelings on "It's your car, do as you wish" here's a reason it's easier said than done) Of course an all original rs/ss or Z/28 will go up in value as time passes, chances are a 6cyl bench seat, colume shift car will too. You can expect to loose money if you buy a project for a large sum and have to sink a small fortune into it though. Our forums here bare witness to guys putting $60K or more into restoring a car back to original spec's and that doesn't include the cost of the car only to sell it later for $50K. In todays market you can make choices that will add value when modifying or you can do as Bob as done and cast all inhibition aside and spare no expense and build an amazing car that has half the market value of the investment. Remember, even though cars can be investments they also are hobbies and pastimes. Those are things you put money into only expecting enjoyment and fun as the return. Taking an Alaskan Cruise or spending a couple weeks in Mexico cost us and we don't arrive home expecting to be handed a check and dividends... If you are looking for an investment find a car with as much documentation as you can or one there is no question what it is. Then find a car that is desirable and is finished if it's a restored car. If it's an original car find one that can be maintained without getting into a restoration, one that isn't rusting away and has a good interior and paint. Expect to pay top dollar for your investment car, sure there is a pot of gold at the end of the rainbow but very few will find it. If you do that's a bonus, you'll be way ahead buying an established car but that typically requires a big investment up front.