Restoring a Classic Car: Is it the Right Project for You?

September 30, 2020 By Mike
Last updated on September 30, 2020

Do you have a passion for classic cars? If so, you might have thought about restoring a classic car which can certainly be an enjoyable and rewarding activity, but you will need more than a love of classic automobiles and it is not a project for everyone. With this in mind, here is what you need to know about restoring a classic car.

It Will Require a Lot Of Research

The idea of spending the weekend tinkering in the garage and working on the car sounds great and it certainly can be enjoyable, but you also need to realise that a lot of the work will be carried out in front of the computer. You will need to research things like finding the right parts, teaching yourself how to restore the car, finding a mechanic etc. This side is not so glamorous but still hugely important to the success of the project.

You Need to Have a Strong Work Ethic

It is important that you realise that this is a long-term project and it is likely that things will go wrong. Many people start restoring a classic but lose motivation after a few weeks as it takes so long, so if you are to go all the way you will need to have a strong work ethic, be patient and not give up at the first hurdle. Classic car insurance expert at Carole Nash, Pete Mcilvenny highlighted a strong work ethic will come hand in hand with your connection to the classic car you a restoring:

“Do you really have a connection with the car? If you don’t you won’t go into a cold and frosty garage to work on it. If you have a dream car try and drive one before you buy one to restore. You don’t want it to be like a dream date with someone only to realise you are not right for each other, it will cost you much more than the cost of a coffee or a spot of lunch to realise it is not the one for you.”

You Need to Have the Time

Following this, you also need to make sure that you have the time to restore the car otherwise it will be a job that never gets done. There will be certain tasks that will take many hours to complete so it is not something that you can simply do for an hour every Saturday afternoon and instead you should be looking to put in work throughout the week as well as the weekend.

It Can Be Expensive

You must also think about the financial implication of restoring a classic car and it can be expensive when you are having to source specialist parts. If you are on a tight budget, you might want to look into a simple car which has parts which are easy to source to keep costs down. Pete Mcilvenny stated, ‘Is the vehicle you are looking at complete? By that does it have all the hard to find interior parts? Metal can be fabricated and welded, but a hard to find engine or interior could leave the project on axel stands’.

He also when on to say a classic car project should not be done to make money:

“Do not expect to make any money form restoring a car you rarely will, do it for the love of it and the challenge. Do a restoration project because you love it not because you think it will be a good return on investment!”

Don’t Forget to Insure the Car

After many hours of hard work, research and labour, you will be desperate to get behind the wheel of the car but it is absolutely essential that you have insurance in place first which will involve taking out a specialist classic car insurance policy.

These are the main things that you need to keep in mind before embarking on a classic car restoration project. While it certainly can be enjoyable and rewarding, you also need to know that it is a lot of work and not a task that everyone will enjoy.