Am I Crazy or Is This the Going Rate???

[glenn]

Hi guys posting for a friend who has a 1970 Hemi Cuda from Vancouver. I'm looking to reply to a post about 17 missing Canadian spec 1970 hemi cudas from Dec 19 2024

I have joined this site on behalf of my friend who owns the 70 hemi Cuda because he is not to familiar with computers.
The diagram of hemi cars that are missing, my friend owns one and knows a story of another one of the 6 missing.
The serial number of his car is;
BS23ROB146393

[mtull]

I feel like I am heading towards the $200K mark

Just think of the entertainment value your restoration postings are providing all of us, your forum friends, we're worth at least half of that amount.    
All kidding aside, we all feel your pain. 

[70_440-6Cuda]

I feel like I am heading towards the $200K mark

Just think of the entertainment value your restoration postings are providing all of us, your forum friends, we're worth at least half of that amount.    
All kidding aside, we all feel your pain. 

[torredcuda]

There are many different levels of "restoration" and depending on what you are going for as well as rarity of parts for your model will dictate how much it costs, of course how much you farm out or do yourself plays a big role as well. My road runner is just a low option 383 car being built as a driver so it doesn`t deserve a high level concours restoration with NOS and date coded parts. I stated I wanted to have it done for $35-40k and everyone says I can`t do it and it will cost $80-100k or more. I will prove them wrong buy doing 95% of the work myself, not farming anything but engine machine work out, buying used parts at swap meets or online and refurbishing/restoring them and not worrying about 100% correct finishes/plating on every part.

[70_440-6Cuda]

I agree with most of what is posted here... I found my broadcast sheet AFTER I bought the car; all I knew when I bought it was it is a '70 V code restored sometime in the late 80s early 90s in that era style.  I figured a V code would be a decent investment and a fun project.  Once I found and got the broadcast sheet, turns out I have a pretty desirable car - black velvet, black vinyl top, black leather interior and Super axle package, disc brakes etc.  After that the OCD kicked in and I want to use as many OEM parts as possible - not necessarily concourse correct, but correct for the year.  Lots of '70 only stuff, so that's another issue with cost - brake booster and master cylinder, calipers - all hard to find and super pricey.... Just kinda sucks thatany of the 6s and 70s muscle cars are becoming so rare only wealthy auction goers have access

[MoparLeo]

Remember that this is a hobby and hobbies rarely make good investments.
 These are a labor of love.
The cheapest way to get a restored car is to buy one that somebody else already lost a lot of money on.

[Katfish]

Leo is right, no one that is honest with themselves, makes money on these cars.
I equate it to golfing in my case.
I spend roughly $3k/yr golfing.
Do it expect to get that back?
Of course not, it's a hobby that gives me enjoyment.
The exact same way fixing/modifying/driving my car gives me enjoyment.

[70_440-6Cuda]

Leo is right, no one that is honest with themselves, makes money on these cars.
I equate it to golfing in my case.
I spend roughly $3k/yr golfing.
Do it expect to get that back?
Of course not, it's a hobby that gives me enjoyment.
The exact same way fixing/modifying/driving my car gives me enjoyment.

Agreed .... But at least ONCE in a while I can go to a muni course and save some bucks and play a round or 2... I know it's not for the investment, and I 100% agree that for me the fun is in the doing, not in the having.  Doesn't make it less painful however and I get serious FOMO and end up buying things I either don't need or overpay for, but that is my own stupity

[torredcuda]

People can and do make money on these cars but they are usually not done to a high level - flipper cars. I have built a few cars and sold them for a profit but that never counts any of my labor hours and they were just driver quality at best. I probably had less than $2,000 in this one after selling all the extra parts I got in the deal and it was just a fun car and still needed work to be nice but I sold it for $6,000 after driving it for a season. This was `99-2000 and I then used $5,000 of that money to buy the road runner I`m currently restoring.

[torredcuda]

I paid $400 for this `73 road runner, 318, strip delete, green on green car. I did the bodywork, painted it and put dual exhaust on it. I drove and enjoyed it for a few months until I sold it for $2800. That was late `90`s. Of course restoring any car today is much more expensive and these were not rare models needing correct parts.

[ec_co]

Even after getting mine for free from my dad, I'm still going to be close to $45k in the 'restoration' that's just a driver quality bare bones slant 6.

[mtull]

Even after getting mine for free from my dad, I'm still going to be close to $45k in the 'restoration' that's just a driver quality bare bones slant 6.

"free from my dad" + "slant 6" = "priceless and a cool car" IMO.

[70_440-6Cuda]

I am probably noticing more now as I get started on actually getting some work done - I love my car, love the fun story of finding the broadcast sheet, discovering what it was and taking it back to that as best I can - I want to do it right, and the conversations here have definitely helped me focus on details I would never have known otherwise.

I don't think it will ever be am extremely high dollar car, and I dont plan on ever selling it, so by the time my kids get it if they decide to sell it hopefully the value will be there because I spent the time and effort to do it well - but it is still painful to pay for the original parts!

[JH27N0B]

Just for inspiration, here is a member here's car, that he had restored a while back.  Alan did the work.
Beautiful car, real V code, if memory serves it's NOM.  I am pretty sure it's original N96, but I don't have a picture of the FT so it could have been added.
I have another car buddy in the area who is retired and pretty well off.  He's been a car guy for a long time, but since retiring he's been devoting himself to his car passion and although he used to have Corvettes, he's really been focusing on Mopars now.   
He saw Ken's V code 'cuda at a Mopar show here in June and really loved it.  He told Ken he would really be interesting in his car, and made him an unsolicited offer, which I think was 150K.  Ken seemed pretty impressed with the offer, but wisely it appears he isn't selling.
My friend showed up a few weeks ago with a real deal hemi 'cuda he just bought so he's happy despite not getting the TX9 cuda.

[70_440-6Cuda]

MAN that is beautiful!!!  That is motivating, thanks for sharing! I think my big concern is getting stalled out due to cost of paint - wish I had the facility to do it myself, I would give it a try since I helped my buddy paint his convertible BMW

My son made this video and resent it the other day after we went and saw the progress as a reminder - kinda fun...

'Cuda Commitment!