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Thursday, 28 August 2008
Financing PDF Print E-mail
FINANCING AND BUDGETING YOUR RESTORATION PROJECT!
 
Now comes the hard part of every restoration talking about the financial commitment involved. The hardest part of any project is fitting it into the budget and doing so in a way that is comfortable and sensible for you and your family. If you are looking to restore an entire vehicle, mechanical and body for $5000 and think that will cover it, think again. This type of craftsmanship is expensive and will require a commitment on your part. Remember the phrase “Cheaper is not always better”.
  • Level 1 Concourse De‘ Elegance vehicles generally start at around $60,000
  • Level 2 High Quality Show and Shine vehicles generally start at around $30,000
  • Partial restorations are subject to the work that is required. Talk with us for details.
  • Chrome Hot Rods of high show quality usually start at around $70,000
  • Parts cost can fluctuate and will often drive up the cost of a restoration project
  • Be involved in your project. Take the time to understand the work that is being done.
  • Pay your account on time; nothing hurts worse than paying interest on a $5000 bill or having it sent to collections.

When it comes time to actually make the commitment every customer has his own way of handling the financial part. Here are a few ideas of various ways to get financial help.
Home Equity Loans provide a perfect source of financing restoration projects.

  • Personal loans.
  • Low interest credit cards.
  • Out of pocket.

Project phasing is a good way to break up the financial commitment on a project. You can split the job into sections and handle these areas individually and at different times. Again talk with our shop. Eventually you will decide on the plan that works best for you and be ready to begin on your project with CODY’S CLASSY CHASSIS.

 
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